10 Rules for Your Money

Psalm 119 to review this with my whole heart ICQ. Let me not wonder from your commandments does that apply to your money Rob West.

We must obey God's commandments, but many of the Bible's financial principles are really suggested rules that bring great blessing when followed, will talk about the first today that it's all your calls at 800-525-7000 800-525-7000.

This is moneywise live two goals meant to be broken. That's rarely if ever the case and certainly not when it comes to biblical financial principles break those rules in your heading for troubled debt to anxiety and living paycheck to paycheck to name only a few know why do we do it so often, I'd say it's about delayed gratification following the rules requires discipline that pays off later.

On the other hand, when you break a rule saved by making an impulse purchase. It feels good for the moment, although it's almost always temporary. Of course, following the rules often takes much longer to realize the reward you don't see the benefit right away, but trust me, the day will come, probably many days when you'll be glad you followed the rules then I have 10 of them for your money all drawn from God's word, the absolute most fundamental rule, you must learn to follow is spend less than you earn everything hangs on that without it you can't say for the future and you will go into debt.

Proverbs 2120 reads precious treasure and Euler in a wise man's dwelling, but a foolish man devours it and of course you'll probably never spend less than you earn.

If you don't live on a budget, so that's the next rule. Prepare a written budget detailing all of your income and expenses set spending limits for each category and stick to them. In Luke 1428 we find, for which of you, desiring to build a tower, does not first sit down and count the cost, whether he has enough to complete it. And that leads to the next rule and it's one we often forget about analyze your monthly bills if you don't do this fairly regularly. You may not see costs creeping up in things like your phone or cable bill banking fees tend to sneak up to call and request to have unwanted line items removed, and if they won't do it. Cut the service or look for another provider you might not realize it, but sometimes a simple phone call can get a charge removed from a bill or maybe even lower interest rates on your credit card never hurts to try anyway. The next rule is another absolute for managing your money.

Build an emergency fund.

The alternative again is debt, things break and need repair. Unplanned expenses always come up and you've got to have cash on hand to handle them. In Proverbs 660 rated reads go to the end consider her ways and be wise without any chief officer ruler. She prepares her bread in the summer and gathers her food and harvest.

Now we talk about the next rule allowed to avoid or eliminate high-interest debt. Use the snowball method to get rid of it quickly paying off the smallest balance first and so on. The next rule saved for retirement for the day when age or health prevents you from working, you can't rely on Social Security. It won't be enough to support you.

So you have to put money in long-term investments that leads to the next rule. If your employer offers a 401(k) or 43B retirement plan with a matching contribution squeeze every dime out of it that you can contribute enough to maximize your employer's contribution because it's free money if you don't have a retirement plan at work. Open your own IRA and here's another role for your retirement savings.

Don't touch them far too many people these days.

Tap into their retirement funds to pay off debts or for other reasons that really aren't emergencies. That's another reason why you need an emergency fund. So let your retirement earnings grow as we like to say your future self will thank you. The next rule is one we might not talk about enough, don't drive yourself to the poor house that's financial teacher Ron blue likes to call it. That means buy cars for transportation only, not status. Consider reliability and fuel efficiency when buying a car. The more reliable and the more fuel-efficient a car is, the less it will cost you down the road.

Pun intended. And finally rule number 10. Remember to thank God for giving you everything you have. Starting with his son Jesus Christ. Your Savior and Lord. God is your provider he's promised to provide for your every need and he will prayers of thanksgiving will help you learn to be content with his provision.

Without God we would have nothing. Hebrews 13 five tells us keep your life free from the love of money and be content with what you have, for he has said I will never leave you nor forsake you certain roles for managing your money. Follow them and see how the Lord blesses you and calls her next. 800-525-7000 Rob West and this is moneywise thanks for joining us on moneywise live around Western hose restarted today by talking about 10 rules for managing your money. God's way in every one of those rules come right out of God's word. We see those as principles that we can apply to our financial lives and we recognize that as we steward God's resources. It begins with our beliefs.

What is it we believe about money and its role in our life. What is our relationship with money.

Well, the Bible articulates clearly how we should approach that it's not in the end it's a means to an end. It's a tool and often our beliefs about money are shaped from our upbringing. Some of her earliest memories of money really relate to how we handle money even today. Not to mention our experiences along the way and how God has wired us will all of that forms our beliefs and perhaps those beliefs are aligned with Scripture, but maybe not. And if not, we need to make some adjustments in our belief system related to the use of God's money, then we need to develop rhythms or behaviors around how we handle money on an ongoing basis. Those are rhythms of reflection really expressing our gratitude, rhythms of managing God's money. The monthly in and out process of controlling our spending and making course corrections all along the way, there's the rhythm of planning whether it's short-term planning or long-term planning and aligning the use and goals that we have for God's money with our values.

What's most important to us.

Beyond that, there is the rhythm of communicating and if were married communicating with our spouse about how were handling God's money together as one flesh.

And what were pursuing by we using this tool to accomplish what we believe God has for us.

But as we move from beliefs to our behaviors or are rhythms. Ultimately, we then allow that to fuel our goals or outcomes.

Do we want to give more do we want to pay off debt. We want to save for the future what will never be able to do that as effectively. If we don't start with getting our belief system right the way we think giving her behaviors and rhythms in place around managing and planning and communicating, and even reflecting on how we handle God's money, and then allowing all of that to help us pursue our God-given goals and objectives. Let's do that together today what your question or comment would love to hear from you. We got some wines open.

Here's the number 800-525-7000. That's 800-525-7000 will begin today in Chicago, Illinois hi John, how can I help you sir I Rob my question is should we move our retirement from traditional IRAs to Brock and I've got detailed like I said tell me about your agent, your proximity to retirement those types of things I'm 69. My why it 63 were both retired and what you have in the traditional IRAs today, about 5 million okay and my majority of it. In traditional IRAs a little bit then annuities a little bit. The 403B okay. And why is it you're thinking you'd like to consider moving to a Roth. What is it you're trying to accomplish. Well, we've been no carts approached by another organization and their recommendation at that wouldn't when I turned 70, 70 1/2 and have him start taking distribution then my why 13 mysteries that taxes are going to jump into such a high tax bracket that by paying the tax.

Now and trying to get a little more growth were about 50% in stock 30% bond we can actually end up with more money down the road that's looking to get a second opinion on that couple thoughts number one is that the required minimum distribution does not happen to your 72 now so that's changed from 70 1/2. Secondly, I think as you look at this I mean yes, you're going to be adding to your taxable income when you take that RMD each year by increasing by the amount that you pull out, but that's not nearly as much is your to be adding in the years that you convert these little large sums arguably of money over to the Roth where it will all be taxable at that point and given what's expected and on the relatively near term with the market that's got very high valuations were expecting some choppiness ahead.

Stocks are still for a portion of your portfolio. Absolutely the place to be. Especially with what were seeing and inflation so I don't want you in cash, but I don't think working to see the kinds of returns we've seen in the last couple years, or even the last decade. I think they're going to be more tempered or modest, and when you add the 50% in bonds which are going to not do quite as well as rates had higher in the near term. I'm just wondering the wisdom of paying all that tax now not getting the benefit of where the Roth really is most effective and that is when you have a you're really growth focused portfolio that can grow over a long period of time during your working years and that's just not your situation today. You couple that with some of the opportunities on how you could take these RMD's and you know through a qualified charitable distribution get them into the hands of ministries that you want to support. Perhaps you were going to support any way out of cash satisfy that RMD and also reduce your adjusted gross income at the same time I think you know that employing that strategy coupled with the idea that we still have some time in all three years for you and then quite a bit more nine years for your wife before you even need to take these RMD's taking that huge tax bite today. I'm just not seeing necessarily the automatic in a win for you on that doesn't make sense yeah how would I get a second opinion on this. I'm with right now the money is managed by a one of the big money mutual fund company. Just don't give this kind of advice like that the smaller local company does sure and you probably won't hear that this is not an advisor who understands your biblical worldview and approached the money they probably won't focus on the generosity opportunities as well, which you know if you're giving you no significant amount of money you could very easily satisfy that RMD through as I said the qualify Journal distribution not count that in your adjusted gross income and have a real win for not only you but also for the ministry are supporting so what I would do. John is connect with a couple a certified kingdom advisors there in Chicago. There's some wonderful ones I'd interviewed two or three run this by them get their ideas and then I want you have some other people speaking into this that not only have significant competence and experience but also God's perspective of handling his money.

I think perhaps the Lord will make it clear the direction you should go, and I'd love to weigh in again along the way as you get more information of the way you do. That is just had to our website moneywise live.org click find a CK that stands for certified kingdom advisor's are people who have had held and met high standards with regard to experience in character and regulatory reviews, pastor and client references, but they've also been trained to be specialists and biblically wise financial counsel in a professional level. So again moneywise live.org click find a CK. We appreciate your call today very very much your folks as we think about handling God's money.

It's important that we get wise counsel Bible certainly clear on that that we need to have others speaking into this area of our lives.

That's why I love talking to you each afternoon. On this program but also as we connect with the moneywise coaches and that's why we are so excited about the work of our certified kingdom advisors no more than 1300 of them all over the country together, we can stay with us moneywise live. Thanks for tuning in the moneywise live there. We created moneywise have specifically for the moneywise community because I couldn't find a money management system that really met the needs that I have is Julie and I were trying to manage our money.

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Clem is in St. Louis Missouri either you very well, thanks reciprocal. Thank you. Enjoy the show. I have a question about 401(k) so I wanted to know what that benefit so I don't have it where I had it slowly stocks and stock even know how to worry that I have like have would have to be in bonds may be in the other hand, talks a lot available in the real estate not okay with it fluctuate stepping down because I looked out and I will outline time and thought decided that I wanted to give back. I wanted to know what the right choice. Yes. Tell your age: 62 okay and how long do you plan to continue to work on until retirement. Okay, just based on what you know today hello you think that might be. Apparently, about 63 here maybe a little more than that right very good. Well, you know, there is an old rule of thumb, and that's all it is, but that we used to call the rule of 100 because people are living longer that rule of 100 is now rule of the hundred and 10, but here's our words, you take 110 and you subtract your age and the resulting number is the percentage of your portfolio that you might want to consider having in stocks where is the other portion whatever's left over that makes up the rest of the portfolio would be and what you might call this more stable account, usually a mix of bonds and other types of cash type instruments. So in your case, if you take 110-62.

That means you come out with 48, which is essentially what you have right now about 50%. I think you said of your portfolio is in stocks.

About 50% of the more stable type investments. That's probably about right in the sense that you know you don't have 10 years or more. For this to grow you know if we were to hit the speed bump along the way. Let's say you know 18 months from now were hitting the recession here in the United States. I don't know whether we will or not the economy still very strong right now deployed, despite some headwinds but could we sure are the market and the economy is cyclical and we been on a raging and very strong economy and stock market for well over a decade now, so that's not out of the question. And you know what the positioning that you would be and with half of your money in stocks and only half an and the other half in bonds would be such that you wouldn't take the full brunt of the downside is of the market was down with a 30% into your market, your portfolio might only be down half that. And you know if you even retired and needed to start drawing income you could take that half in stocks and leave it alone not sell any not pull any of that out hold those investments and let them recover which, historically speaking, they always do and so you have half of your portfolio that would be more stable and that would be the portion you would use during that period where the market was down to fund whatever income you need.

So I think you're probably position about right. The question would be, are you in the right stock investments inside the 401(k) and are you in the right stable investments and if you wanted a second opinion on that you could connect with an advisor or see if there's somebody with the plan administrator that would give you some counsel, but I think a high level you're probably positioned correctly. The big question for you. I think right now Clements what is your budget look like in that season. How much do you think you'll need to spend to cover your lifestyle you hopefully when you retirement your debt free. You will be saving any longer for the future, at least, perhaps as much as you are right now into the 401(k) so that reduces your overall spending you what other expenses might come off such that you could establish a budget and then based on Social Security in a reasonable amount.

You might pull off of this 401(k) whenever it grows to over the next three or four years you. Hopefully, Lord willing, that would cover your lifestyle need and then you know you could see what God has for you that the next season does all that make sense them all yeah great okay listen if you want some help along the way with this don't hesitate to reach out to one of our certified kingdom advisors just to run everything you're doing by that professional just to see if there's any other thoughts. Perhaps that you may not have considered but sounds like you're on the right track in the love for you to check back in with us as you get closer okay well thank you so much appreciated our God bless you very much we appreciate your call today. Doug suggested that you were going to head to a quick break we do got some lines open. Would love to hear from you. 800-525-7000 as a number to call before we head into that break.

Let me just remind you moneywise live moneywise media are entirely listener supported. We do what we do every day on the air. Coaches CK's in the moneywise out because of your generous support. So if you consider yourself part of the moneywise community you benefit from this program regularly invites you to be a donor supporter of this ministry beyond the giving to your local church. It's quick and easy and we can certainly use it as we head toward the end of this@themoneywiselive.org and click donate moneywise live.org and click donate phone lines are open 800-5257 something to have you with us today have Rob last afternoon. We have a chance to come together and think about our role as managing money for the King of King that's right we been entrusted to handle his resources were called stewards and were to be found faithful and I think we can do that best together. So let's head right back to the phones today and see who we can talk to you to be in just a moment with Michelle in Chicago. Debbie's been patiently waiting in Trenton to talk about tithing on Social Security that should be fun but Nexus got Ohio hi Brian, I understand you have a credit card question, yes, thank you basically need some advice on how to deal with the early Lord will say, 20, $25,000 and paying interest on that and when payments is just not paying it off so any recommendations on what to do to reduce interest in town.

Yes I do have some thoughts on that bran appreciate your call.

Your first question, I would always have more talk about paying off credit card is not, how do we pay it off will get to that.

But have we solved kind of the underlying issue that led to the credit card debt in the first place you in some cases it was because of something unforeseen out of left field the medically related loss of a job. In other cases, is just simply consumptive lifestyle were spending beyond their means, and if we don't correct that any attempt to pay off the debt is going to result in the debt returning over time. So talk to me about that piece of it and you feel like you've corrected that well actually it's not my bill on one car pulling through someone else could I feel that that that situation is under control just been a noun to something that was kind of ignored for many years and certainly okay for its it's a huge bill now.

I would think this sure what I would just say the last thing last on that piece of it, I would just as you help this individual thinking through how to pay it off.

I would not just assume that that has been resolved because as this pressure begins to come off if we haven't put the euro corrected the belief system and change the rhythms on how they're managing their finances and dialed into a spending plan on having a contraction system to control the flow of money in and out. I guarantee you it's only a matter time before the debt returns and I certainly want to make sure we dealt with the issue, not the symptom in terms of how to pay it off. You were talking about a some of this amount of 20,000+ I really like the credit counseling and basically this is where you would go into a nonprofit credit counseling program.

The card would be closed and the card would be entered into the credit counseling program which means they would get automatically the reduced interest rate that that particular credit card company or companies offer through credit counseling. So when a nonprofit debt management program enroll someone they then contact the creditors they will tell them, and they arty know they have this listing that's made available regularly what the rate will be reduced to and then they will establish one monthly fixed payment that will fit into their budget that they will be paid to the credit counseling agency and then passed on to the creditor and the combination of that fixed monthly payment not one that goes down as the balance comes down to the static payment combined with the reduced interest rate in credit counseling allows the debt to be paid off 80% faster, on average, so that's my preferred way.

It's not factored into the credit scoring out the root algorithm. Although it will be referenced on the report that it's been closed due to debt management. A prospective lender could choose to use that information however they want.

But, in my estimation, the main objective is getting the debt paid off not seeking new credit anyway so that's not really my primary concern, but talk to me about to your thoughts on that approach. Good direction okay because of the next step would be to direct them to Christian credit counselors. This is our preferred vendor they been doing this for 30 years they've helped thousands and thousands and thousands of families pay off the credit card that there believers they will work very effectively over the phone with this individual pray with them. Talk through what they're dealing with.

Help them work up a budget, but also get them if it makes sense in just about every case, it does enrolled in the program get the interest rates reduced establish a monthly payment and then there can off to the races and the good news is that now they know every time they're making a payment, it's really going to be going to the principal in way this can reduce the balance in a meaningful way. Over time, soaps direct them to the website. Christian credit counselors.org Brian, let us know how it goes. We appreciate your call to Trenton, Georgia hi Debbie, how can I help you actually carry out high yeah it's a great question and I'm in this one we get fairly often. You know, as you think about Social Security mean first of all you it's perhaps possible to distinguish the after tithe amount you contributed to your personal retirement savings and then the increase from the yet to be tithed investment gains, but it would be much more difficult to do that math with Social Security. Just because determining how much was what you put in versus how much was increases over time is going to be very difficult, nearly impossible, and besides, unless you were self-employed during your entire working years.

It wasn't just you who contributed to Social Security your return. Your employer did as well. They contributed a portion also. So I just think my approach to all of this.

Debbie of wanting to be found faithful and clearly you are. That's why you're calling today.

You know if we can apply the principle of the tithe and then it's a legitimate question – so I'm not minimizing that all I just take the approach that we don't try to drill down and estimate how much is increase and how much is a return of capital know in the farming economy of the biblical times. They didn't subtract the amount of wheat they had planted in computing the tide they tithed on the whole increase, so I just would see it as a gracious gift from the Lord, regardless of what I've put in and I think as you give faithfully on God's increase from whatever source, whether that Social Security or your investment returns or gifts that come your way.

Pension whatever it is your expression of your gratitude and trust in the Lord for that provision by returning 1/10 as a tithe I think is just a great act of worship and obedience. So for me I would take that approach as you think about giving on your time doesn't mean that's necessarily the right way for you.

This is not about being legalistic. It's about you giving joyfully and cheerfully to the Lord. So at the end of the day. I think you should pray about it.

Talk to your husband about make a decision.

But that's just my perspective on it does all that make sense though okay very good. We appreciate your call and thanks for asking the question today.

Chicago, Illinois hi Michelle, what can I do for you. I thank you for taking my call sir. My company offered a legal identity theft protection services that you can have taken out biweekly out of your check which totals about $182 for the year for the service I'm looking mainly to use and for the legal aspect of creating a simple revocable living trust, power of attorney and other paperwork back would be required to get my house in order on Ortho my young adult college student would offer qualified hunting under the age of 20. Think thinking of using it by not just myself but for him as well that could be an effective resource units can be discounted because it's offered on a wide basis and as long as you have a specific purpose in mind for it. You know you need a simple will or trust you. That should be able to be handled very effectively, and probably very cost-effectively, as well as a part of your benefits. I'd say you go for now.

After that's done, whether you continue with it is just whether or not you want those little.

I will talk more of the basement sitting in the moneywise live biblical wisdom for your financial decisions. They would love you to check out moneywise live.org when you have moments are moneywise weekly wisdom email goes out tomorrow. It's my chance to share a thought that's on my heart about managing God's money wisely, alongside heartrending articles for the week and are trending podcasts. We also share a verse of the week as well. It's just a great simple digest of God's wisdom around handling money his way that we can put in your inbox every week for you to peruse. Find out what to most effectively hits where your needs are. So you can then read on listen further to grow in your understanding of handling God's money. We call it moneywise weekly wisdom and the quickest and easiest way for you to ensure that you're going to get a copy when it goes out tomorrow is for you to add to our website moneywise live.org just create a free account when you signed up that will make sure that you get our weekly wisdom. It will also give you an account to post to our moneywise community where coaches are answering your questions and much more.

Again the web address moneywise live.org Charlie got room for a couple more questions. If you got a question today on anything financial. We'd love to hear from you.

Here's the number 800-525-7000 but said back to the phones. Mark is in Kenosha, Wisconsin and Barco can help you all think I are all my retirement investment 401(k) through my employer and now organic here and think about my need to prevent that attack. Burton and I am a fair amount of cash saved up.

I was wondering if I would be permitted to invest in a traditional raw outside of my employer. Yes you can.

What I think you're talking about a traditional IRA and that you can do both the 401(k) and the IRA subject to just a few limitations related income and so forth.

But that may be the way to go is either too if you have a traditional 401(k) option you could stop contributing to the Roth for the year and put some money into the traditional 401(k) although that's going to come out. It has to come at a salary deferral and you may want to do more than you can do in the remaining paper periods of the year so the other option would be open. A traditional IRA outside of your place of business and you contributes if you're over 50, you could put in 7000 for the year and that would give you some funds that you could then deduct against this year's taxable income, so I'd probably check with your tax preparer, CPA or accountant just to see exactly how you can maximize the benefit of that contribution what amount they would suggest you put in to minimize your tax burden, but you definitely can have both both the truth, the Roth 401(k) and also that traditional IRA, you can open that a Charles Schwab or better mentor you know. Perhaps Vanguard anyone of the low cost, high quality providers and if you're looking for a simple, inexpensive way to have those funds invested.

I probably looked one of the Robo advisors of the Schwab intelligent portfolios betterment the Vanguard advisor, where through an algorithm, they would build you based on your age objectives. A low cost index ETF portfolio which are just indexes of the broad market averages both stocks and bonds depending on your age be very low cost and you just come to capture the broad moves of the market, but to your point, it would give you the deduction in the current year to reduce your taxes.

So I check with your tax preparer accountant. But then, assuming there on board with it and tell you the amount to put in. You can open the traditional IRA and be on your way. We appreciate your call today will head to the villages, Florida hi Pat, how can I help you thanks for taking my call and calling it my head that I tightly don't have any debt and live on a cookie purity & relatively small pension.

My husband wants to get a reverse mortgage and I don't know much about it. He takes care of all the money management. The reason he went to get a reverse mortgage is because of, if any, and I can emergency comes about will have money and so I'm looking for your advice in this regard. Yeah, I don't have an automatic problem with reverse mortgages meet some people just say you absolutely need to stay away I wouldn't be in that The minutes away to turn this asset that you have your home into an income stream. If you want to stay in the home you have enough income to maintain the taxes and the insurance and keep the property up what you want to go tap into near some of that equity in the form of a supplemental income stream to supplement your income in retirement. The reason I don't typically recommend them and they're not my first choices.

I just don't like the fun lifestyle with debt and that's what essentially this is and there tend to be the of the fees are somewhat higher with reverse mortgages than even a conventional mortgage. The kind of imputed interest rate is a little bit higher, and so they tend to be a little expensive. It also makes it slightly more complicated if you're gonna pass this on to your heirs because they would have to satisfy the reverse mortgage balance if they wanted to retain the property benefits can be sold. Anyway, you would just be passing on the net proceeds of the home sale price minus the reverse mortgage balance. So I think the key question is your do you have your budget defined for this season of life. What income sources do you have are there other ways to solve for any shortfalls in income that is needed for you. Don't maintaining your lifestyle including downsizing and selling the home buying something smaller. It's easier to maintain and less costly, or if you just absolutely, this is the place to stay. You just short a little bit and you feel like tapping into the home equity in the form reverse mortgage could get that done. I wouldn't say that's the worst thing in the world is just not my first choice. Does that make sense though it makes you your first choice would be if please, couldn't do anything rather than a we please stay pretty close to our budget later if you really don't live to see it all and that tells a lie. The reverse mortgage just for a little padding the little extra income. Yeah, I have been feel that if we had some emergency, we have the money. Yeah, I mean II guess you could do that and you know just take a minimal amount.

I would love for you. Just find another way to do that if it all possible and will keep your home where you own it, free and clear without all the expense associated with adding a reverse mortgage. Know the fees but the interest rate and then you you're accruing in building this reverse mortgage balance over time. If you could do that by either simplifying your lifestyle downsizing.

I realize that's a major decision bigger than just the financial side, because this is your home so you need to think through that. I guess I would just as a question. Other other ways to do this if you you know you're able to cover your expenses.

This is just for something extra that seems like a pretty costly way to just add a little note surplus to the monthly spending when when you take on a reverse mortgage so you know. Perhaps you connect one of our many wise coaches who could just help you work through your budget. See if there's any other opportunities before you make a decision like this. I think that might be wise you could head to our website moneywise live.org, click the community tab and then click connect with the coach and our coaches can help look over your situation, so I think I would probably look for some other options.

First, given that you everything I've heard, and that your budget actually balances today. You're just looking for a little bit more surplus. We appreciate your call today.

Thanks for listening. Aaron is in St. Louis, Missouri hi Aaron, how can help you and I would know there any I have.

I find it hard to Date yet so you know there's politician said a lot of things that never come to pass. And here's my perspective. Aaron is that it's highly unlikely that any legislation that would make its way through Congress and the president and ultimately the Supreme Court to do away with qualified retirement plans would ever survive and so I would just say the answer is no. If you're wanting to take advantage of you have savings accounts, whether it's in your bank or qualified retirement accounts you are going to be a part of Orissa and you will be under the yeah the banking system here in the United States.

So depending upon what your concern is I don't think you can avoid that. And I don't like the idea at all of, pulling out of the system altogether and keeping large sums of cash in your home, not just for the physical security side of it, but just your be losing purchasing power every month that passes, especially given the rise in inflation so I would say ultimately, our trust should be placed in the Lord. We have a very strong economy here and the United States, and anything backed by the full faith and credit of the United States I believe is your someplace that we should have some confidence in, especially given the alternatives around the world. So I would just stick with your current plan.

If it were me in terms of being prudent and wise in managing God's money with diversified portfolios using the banking system and using your tax-deferred retirement accounts for your long-term savings that's just me. At the end of the day. You are the steward of God's money. So you gotta pray through that, but that's at least my perspective. Sorry were to finish today in Spokane, Washington to read Tom's question because we are short on time. He is earning minimal income he just wants to know some advice on how to manage money wisely. Here's what I would say Tom becomes down to five things got to spend less than we are and that is essential. We've got to seven term goals gotta minimize the use of debt we gotta have some margin in our financial life we live below our means. We have surplus that we can use toward debt reduction savings and we need to give generously and we do those five things we put ourselves in a position to experience God's best. Live within your means, avoid use of that some long-term goals have margin or savings in your financial life and give generously called as light as a partnership between Moody radio and moneywise media. Thank you, Jim, Hans, Amy and dad couldn't do without them.

Thank you for being here as well. Hope you come back to join us tomorrow –