2021 Ministry Impact Report

First is audience 511 reads therefore encourage one another and build one another, just as you are doing Rob West.

That's a call to action that we take very seriously on this program. That's why were here to equip you to manage money according to God's financial principles will give a report on how were doing.

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Why principles for your financial very wise ministry were also grateful for all the Lord has allowed us to accomplish in the past year. Moneywise exist to help people learn and apply biblical wisdom to their financial decisions. With over 2000 verses on money and possessions. God has provided us incredible wisdom to manage money based on the fundamental truth that God owns everything where to be humble stewards content with his provision and joyfully generous moneywise media is built on the radio ministry of Larry Burket and Howard Dayton giving us the unique opportunity to educate literally millions of listeners each year with the wisdom and truth of God's financial principles, but we do more than just equip people with knowledge.

We also provide incredible tools and resources to help people actually applied. The Bible's wisdom in their personal finances and now given to those in a minute.

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We hope you'll join us in celebrating what the Lord has allowed us to accomplish in a short time and consider how you'd like to continue partnering with us in the future together. Let's help God's people experience the life transformation that takes place when they surrender their financial decisions to his unending wisdom.

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Of course there is the moneywise radio programs moneywise live on the Moody radio network and the syndicated moneywise and moneywise, minute. These are the most listened to programs on biblical money management anywhere 1 million radio listeners tune in weekly on more than 1700 Christian radio outlets in our podcast had 900,000 streams in 2020, then those numbers continue to grow, but we also have written content by the leading authors in Christian finance. We bring together practical biblical financial content to help God's people confidently align their financial decisions with their Christian values. In addition to our own moneywise articles we have content from gospel patrons company's finances God's way. The Christian stewardship network faith driven investor. The Ron blue Institute generous giving and are greater the moneywise website and mobile app are now the premier destinations for the best content and biblical money management with over 10,000 views per month, videos, podcasts and articles are curated for users to help them take the next step on their stewardship journey. We are especially encouraged by the response to the moneywise app. It's an innovative money management tool that's now helping over 20,000 registered users apply biblical principles to their daily financial decisions. The app is available on web iOS and android and can securely connect to over 12,000 financial institutions providing unique insights and reports to ensure they are being wise stewards. One of the best features of the moneywise app is that it's completely customizable. It offers three unique money management systems to help you steward your finances in a way that works best for you. There's an envelope system. That's a digital version of the cash envelope system, a monthly spending plan to show your progress and a tracking system that easily categorizes your income and expenses, but we never want to lose sight of the human connection moneywise offers a vibrant community of stewards for encouragement. Also our certified kingdom advisor professionals and trained moneywise. Coaches are always there to guide stewards in implementing biblical financial wisdom users and listeners have access to trained biblical financial coaches offering one-on-one and group coaching no more than 50 coaches have answered more than 3000 questions in the last year and are now moderating our community forum providing answers and encouragement to users on the web and in our mobile, our heart is that you'll take advantage of all of these resources. It's an incredible honor and a pleasure to provide them to you as we all seek to wisely manage God's resources are in your goals are next. 800-525-7000 800-525-7000. This is moneywise live biblical wisdom for your financial journey back to moneywise is your financial decisions.

I'm Rob West euros, so glad to have you along with us today.

We got some phone lines open. Would love to hear from you. Whatever's on your mind today financially speaking. The numbers 800-525-7000. That's 800-525-7000.

Let's begin today in Cleveland Ohio W CRF hi Dan, thanks for going. How can I help you sir, call for a start for great app like that now and it's been a help so that you hear that what you will you enjoy most about what's working for you. Well I remember envelope system many years ago we did when we first got married 20 years yet we get that and we went away from it because of all the digital transition the banks to but now this app is let this do that again. It's been very nice. That's good, helpful, glad to hear.

Thanks for mentioning that how can I help you well. We are third son is a freshman in high school now and he's showing some interest in investment. I'm just trying to I just want to be get some advice and best way to start doing that with him yeah maybe count myself on the way love that's well Dennis is a great idea. You know if you especially when there's interest expressed but even if they don't, I think training the future adults in our homes is absolutely critical and that includes both the financial literacy side power of compound interest and hard work in setting a budget and the fact that resources are limited amid all of these key ideas, but also the biblical side that God owns it all and that money is a tool to accomplish his purposes and that money has a way of competing for devotion to the Lord and can dethrone God from first position in our lives if we get it out of his design so allowing them to understand all these big ideas are just so critical toward them being adults that can handle and view money in the proper context. According to biblical wisdom, but leaning into an interest in investing can serve him really well couple of ideas.

Number one is if he's going to work at all.

Over the next few years through high school. Even with a part-time job yet.

It's a great opportunity to not only help him understand how to handle money, getting a checking account in setting up a budget, perhaps using the free version of the moneywise app to that you mentioned to handle money and give save and spend, but also to consider a Dan opening a Roth IRA because as long as he said has earned income he could get started you know putting something away every year. Maybe not the full 6000 but at least a portion of it into a Roth and I'll tell you if he starts as a freshman in high school funding a Roth and does that throughout the rest of his life and when he gets married some day he and his spouse to that boy. Think about what he could have built up its growing tax free that he'll have available down the road adds to the nuts and bolts of investing. I want to send you a gift today. It's a copy of the sound mind investing handbook that I think would be a great resource.

Dan for you and your son to begin working your way through to understand a lot of these big ideas what is a stock. What is it mean to be a fractional very small percentage owner of a company you what is it mean to trade and what's a different strata mutual fund and exchange traded fund and the stock. What about a bond wasn't mean when Ecclesiastes talks about the idea of diversification. How do we apply that what about time horizon. Amid all these big concepts, and then I think what would be key is whether it's a straight taxable account because he's not working or a PR Roth IRA if he is I think beginning for him to become an owner in some of these companies now one of the challenges is your he's probably going to want to pick the companies that he's investing in just based on companies he knows and I think there's some merit to that because you could allow him to do some research and think about what companies he thinks are going to do well, you know, five and 10 years from now, as the economy changes and so forth.

And I think that's a good thing because it's more exciting but you also want to teach the concept of diversification at the same time because if he has all of his eggs in just two or three baskets. Obviously that's can add a lot more volatility in really a better approach, especially with a very small amount of money would be to buy the indexes where your participating in the broad moves of the market, not just trying to pick the winners and losers, so I want to send you this resource. I think as you guys begin working your way through it and will be very helpful. And then love for you to check back in along the way. But tell me what questions you have on all that I just shared that what I was expecting, so I appreciate that. I think he had yet shown interest in bold more than active investments. I don't know if the Roth IRA is exactly how we might go because that may be less actively managed. I don't I'm just guessing they're not real sure clarify that one so and that's just the type of account that it is so taxable account would be a nonretirement account where you're not getting any tax benefits by putting the money in and you're going to pay tax along the way on the gains as capital gains, and it will be offset by your losses. A Roth is just a retirement account that you can buy the same investments and you can you can buy some shares of Apple or Amazon or whatever you'd like. In that Roth IRA. It's just that it's money that's long-term in nature. When you're looking at this is something he's not gonna touch until retirement. But the benefit is as he gets winners along the way there's no tax paid on any of that game.

So it really just has to do with the tax structure and the time horizon nothing to do with the types of investments of the actual investments that can go in the account. Does that make sense yes it does.

Thank you.

Sounds like we have. We both have a lot to learn from this and I think this book will be a great help to you. So let's do that you hold the line. Amy will get your information will get that right out to you as our gift and as you guys work through.

Perhaps next time you call maybe have him on the line and we can talk about it together but I think you're doing a great thing. Dan is your teaching him.

You know, not only these key principles, but also some of the biblical principles along the way, which will be essential. In fact, let me send your second resource also send you a copy of our Davis book your money account.

So as you guys are learning these principles of investing. You can also learn some of the concepts related to God's perspective. Thanks for your remarks today, especially remarks about the moneywise app like to check out the moneywise after Dan and his wife so successful to find it online moneywise biblical chosen to tune in the moneywise live biblical wisdom for your financial decisions. Rob Webster hosted were taking your calls and questions on anything. Financial numbers 800-525-7000.

We got some lines open today Gabby T taking your calls today. You'll enjoy speaking to her for just a moment before we get you on the air again 800-525-7000 in just a moment were to be talking to Rod in Chattanooga about moving money from the 401(k) to an IRA. He's recently retired. Cynthia's thinking about downsizing in Tampa wanting to know about paying for paying cash for the next no more financing it but first Crown point, Indiana WGN R hi Debbie understand the question about double E bonds go read it.

I believe buying for our daughter Holly and wanted to go and that so much for some of them until 2030 roughly $27,000 only get 1.5% interest, wondering if they should cash it then something better to invest the money for right now yeah I like that approach. Debbie just because as you said there not a lot of if you would purchase new W now that .1% of the air, and that interest for 30 years, but it's 1/10 of 1% is not very good at you cash them in before five years you lose just three months of interest which is not gonna be a hole in the new painting federal income tax on the gains accrued when you cash the men you could do the treasury direct.gov. If it's digital. If it's paper you can go in your bank to satisfy this as well, but I think you're right in thinking about perhaps reinvesting this somewhere else work and do a little better. I think the next step. Now that you clarified that it's not going to be used for college is to really decide what the time horizon is on this money.

Is this money you'd like to have available in the next two or three or four years for them to buy a car or put a first last and your security down on apartment or something of that nature.

Is it saving for their first home purchase or is it money you envision. Then you know they'll use down the road much further. Like, you know, this is money are earmarked for retirement something like that. Tell me what your vision is for that because that has a lot to do with where I suggest you go to invest or not really sure exactly like all the possible options. I think it mentioned we really care either letter, we should cash them all in one or are we better out and it started out well really doesn't matter apart from any taxable event that you would incur what you have what's the total amount you have invested in these doubly bonds to know roughly 27, 27,000 yeah okay and how long have you known them 2020 21 2002. I'm sorry I was not to be a whole lot of interest associated with these just given the low interest rate on this of the taxes will be negligible, so I think once you decide how you want to use the money I just go in cash it all in that once you want to make sure you'd you factor in what the taxes will be see you can set that aside, but I don't see any issue in trying to spread that out. Given the amount of money and the potential gain that you have here. I think the bigger question is just your number one do you want to control it. It sounds like you do in terms of when you let the kids have it and under what situation and then secondly is the time horizon greater than five years, preferably 10 and if so, then I think you could begin to invest this money, I'd probably put it into one of the Robo advisors. This can use a indexed ETF's, where you'd essentially by the market where you get a good cross-section of the stock market indexes and probably smaller portion of bond indexes you'd capture the broad moves of the market as opposed to trying to pick individual stocks with a small amount of money and then you'd be more highly concentrated and therefore have the potential for much greater volatility. But if you believe that this is money you want to be able to bless the kids with in less than five years. I'd say just stick it in a high-yield savings account at Ally Bank capital one 360, maybe at Marcus. Right now they're paying 1/2 a percent per year.

FDIC insured the monies available at any time if you want to use it and as interest rates move up the interest rate on that high-yield savings would move up as well and then when the kids are ready for it. You could let them have it.

If it any point you decide no I think we want to give them this money as longer-term money.

That's the beginning of an investment portfolio when that case I'd look at Vanguard advisor or the Schwab intelligent portfolios where again you could set up one of these accounts to be a taxable account, probably in the name of you and your husband but earmarked for each child and then based on the questions that you answer they would build a very low cost very well diversified index portfolio again of stock market indexes and then you'd let that money go.

The downside though of pulling that money out if you were to take that approach in less than five years. Let's say a year to you decide down the road you say you not want to give them this money to buy the car or deferred, you know the down first last and security in the apartment and let's say the markets down at that point because were you know tipping into a recession that will climb out of eventually but you may have to sell this in of these investments at a loss and that's why we typically like to see if we don't have a 10 year time horizon were not to invest the money were going to keep it more liquid.

And that's where I think the high-yield savings could be a great liquid alternative to these bonds that just are paying a whole lot you follow all that.

Yeah, the total value a little over 23,000 and the total interest is just a little over 12,000 so he fell at the same idea you have finally, I would. I would be surprised if it's that much, you know, like I guess perhaps it's because you said you bottoming in early 2000. I guess it's possible. And yeah, I guess at that point, you know, depending on what the tax liability is and I'd check with your tax preparer or perhaps you do it over two years, but it's not really going to make much difference in terms of what you ultimately pay you on this interest. So I think the key is again deciding how you want them to be able to use it and when you want them to access it, but run it by your CPA and just see if there's any benefit from extending it over a couple of tax years, but I wouldn't do it over to it. The most I Debbie I hope that's helpful to you.

Listen good news to you guys are putting some money away for the kids.

I know that'll be a real blessing whenever you decide is the right time to give it to them.

Thanks for your call today. Tampa Florida is where Cynthia is Cynthia how can I help you today for me.

I'm down off a cash offer. Probably a dance so I find my new yeah you know I like the idea paying Cassiopeia you've got the money, your downsizing, which means you one thing simpler, both from a financial standpoint and upkeep standpoint you got the money. Let's find free and clear. You can always take a mortgage on if you wanted later, but it's gonna keep your budget at a minimum, give you all the peace of mind and security been looking for, perhaps so I think that's a way I will I will talk more out here. This is why thinking about delighted to have you along with us today and moneywise live with for your financial decisions. If you haven't checked out the money wise and we'd love for you to learn more. Perhaps it's just what you're looking here at the start of the new year to get a handle on God's money and how you're allocating that you have a budget.

Do you have a system to track it, where if you're married, you and your spouse can stay on the same page and see what's left in each, but it budget category.

Well, the money management system inside the moneywise app is incredibly flexible because it allows you to pick the approach that works from you if you're more directional and hands-off. Well, you can use our track only option just to see your transactions organized by category, but if you're more detailed and hands-on. The digital envelope system can work great for you because you actually build your plan as your transactions automatically download and automatically get categorized in your envelopes you'll see in real time. What's left in each envelope so you don't overspend it's all available online to learn more. Just go to moneywise.org/Pro to read all about the moneywise app you can download it today for free wherever you download your apps to search for moneywise biblical finance. We got slides open today 800-525-7000 will be talking to Dan in Chattanooga here in just a moment, but rods also in Chattanooga and Rod. How can I help you today call appreciated. I'm 72 retired months ago have a 401(k) with principal, but my son-in-law does little investing with Schwab. I was thinking about the change into an IRA over Schwab how to do that without pending taxes on whatever well you can do a rollover rod from a 401(k) once you separate from the company right into an IRA and that is not a taxable event.

In fact, that money would just be journaled from the back office of your 401(k) administrator to the back office of Schwab, but that's were you open your IRA and the money would show up in the account and that is not taxable whatsoever and that would just continue then in a tax deferral strategy as you reinvested in whatever investment you select of the tax trigger would happen when you begin to withdraw it from the IRA at any point.

It would just be added to your taxable income in the year in which you withdraw it.

So I think you you should be in good shape and the only other question would just be once that money gets into that new IRA you open how you can invest in you to make those decisions yourself. You hire somebody to do that for you. I think that will be the next question for you to answer, but from a tax standpoint. Nothing to worry about their held idea what I told Schwab. Tilden transferred over to principal transfer over what yeah what will happen is you want to open that rollover IRA at Schwab, and then you want to get the surrender paperwork from your plan administrator where your 401(k) is and think you said principal they'll send you the paperwork, either electronic or physical, and on that paperwork you will put the name of the institution. Schwab and a the financial and.

The number that tells them where to route that and your account number and they'll actually send a check or might happen electronically right over to Schwab so you want to open the Schwab account first, then you want to call the plan administrator tell them you want the rollover surrender, paperwork, and you'd fill it out and they'll take care of all of it in the background automatically money in Schwab.

Do I just don't know him and open the account with nothing in it and then it will be funded by the proceeds from your 401(k). So I think that'll get you pointed in the right direction, Rod. We appreciate you checking in with us today. May the Lord bless you. We got a few lines open 800-525-7000.

Let's stay right there in Chattanooga hi Dan, how can help you. Good afternoon Sir, I was wondering you recommend 15% deferred comp program, what a private pension be considered part of your deferred you painted it. Yeah I mean I would typically and remember, that's just the rules in terms of what ideally we'd have one of our take home of our pay compensation that we would have going into retirement to think about it as a percentage of what you're earning is just a helpful guideline, and so 15% would be across whatever contributions are going and whether that's contributions you're putting in or whether you know it somebody else your employer putting it in for you but 15% is just a good guideline. If you have money going into a pension or this can be coming from a pension I would certainly factor that in.

In terms of some guidelines to look add to know whether you're on track or not you can use multiples of your salary so you might say that by full retirement age you'd want 10 times your income in your retirement account so that it could generate the income you need to offset what Social Security won't provide at age 60, you'd want eight times, age 40, you'd want three times so that could be kind of a a good rule of thumb, you know to go by, in addition to this 15% guideline but at the end of the day, then it really comes down to what is your budget going to require that you have when you get to that point. Most folks will live on. Between 70 and 80% of their pre-retirement income, but putting that actual retirement budget together, figure out how much you need each month and then comparing that to what in retirement income sources you'll have a pension Social Security if you've built up an IRA or 401(k) assets. What will that be and what reasonable income could you generate from that with an income-based portfolio in retirement. When you put all that together it'll give you a good picture as to whether or not you're on track to be able to fund whatever that lifestyle looks like in retirement and ultimately your that's what matters most to you, not a guideline but what it's gonna take to actually meet your budget. Does that make sense yesterday about trying to figure it out so it helps a lot. Awesome. What appreciate your call today. I think putting that budget together and comparing that to the various income sources I could do you a lot of good.

Just to give you some peace of mind that you're headed in the right direction and we appreciate your call today. Let's head to Minnesota hi Marcy, how can I help you question you said to check with your local bank for interest rates for a new build and give office had to check with resources online and I'm not familiar with finding I'm familiar with my local sure you looking for a construction loan, Marcy, was that what you are trying to find okay yeah bank rate.com would be a great resource bank rate.com and basically what they're doing is all the time, depending upon what type of borrowing you're looking to do. Whether it's a mortgage credit card or home equity loan or car loan there constantly evaluating all of the different loan programs that are out there and then making recommendations on which you know who's in which institutions have the best rates and terms available so you go in there and choose a mortgage and you'd look specifically for a construction to permanent loan if that's what you're looking for and then you could compare what they're offering to your local bank and what you want to look at as I look at at least two online lenders. In addition to your local brick-and-mortar bank just to compare. I think having three bids before you decide who's can offer the very best rates, terms in closing costs would be a great thing for you to set make sense. There are 20 seconds going. I have an annuity might have been has an IRA and have an inherent pay off the house.

I can continue to fund one of these annuity you know I like paying off the debt. As you're heading into retirement with an inheritance if you can reduce your lifestyle expenses know because that's all.

Arguably the largest expense you have be unencumbered free and clear, especially if you're saving another vehicles that's to fund retirement.

I think that put you in a really great spot. We appreciate your holding Marcy, this is money wise live take her to money wise live. Are you looking for a financial professional can offer competent financial advice of your values as Christian brother certified advisor designation CK. We trust you can find a CK in your area by visiting our website money wise live.org just click find CK heading back to the phones, Annandale, Minnesota hi Shelley, thanks for calling today. How can I help my call, I question we have to IRA one from a previous employer and my question is one significantly larger than the other. However, the smaller one is the one that currently active and being added to do. I roll them into one brokerage or do I keep them separate.

Yeah. Are they in the same name or two different people same name. Okay, yeah, you obviously can't combine them if there were different names because they have to be based on individuals but in terms of your combining them or not. I like the idea of having them all in one place, depending upon the amount of money mean the benefit to having them separate is you could have different financial firms have managing them, which gives you, you know different exposure to different types of investments and investment strategies you could you'll find tune your tax strategy you know by having multiple IRAs, but if were not talking about significant amounts of money here that I think you know the real upshot is just having them combined in the sense that it's easier management because unless an account gets to a certain size you're going to limit the types of investments you can select a lot of mutual funds have minimum investments and it's just one more account to keep up with. So it's one statement or one account to log into versus multiple and there can be some economies of scale and having them together. So what were we talking about here roughly in the balances of these yeah the one about 200,001 been added to about 40,000 okay yeah so I don't see a real benefit of having that 40,000 continuing to come hang out there by itself. I'd say your combining those makes a lot of sense. Are you managing these yourselves or are you do you have somebody handling corrected my husband to work the smaller one is still active. The other one, then we manage ourselves icy okay and so is it a 401(k) or is it truly an IRA and IRA. Okay right and then perhaps it's a simple IRA because of its company-sponsored you know it wouldn't be a traditional IRA correct that the simple IRA, simple okay all right yeah so no I think you wanted given that information on them, so I thought it was just to traditional IRAs that you are handling yourself. So I think given that you want to leave that simple there and then you know you can just continue managing the traditional IRA yourself you know if it's some point you once he separates in your role. This, in a move it out from under where it sat currently in a you could look at having one company manage both the but I think in the meantime, you probably have the right scenario here. So I would say I just continue on as you been doing have you been happy with how the 40,000 that your managing is performing. Yeah, I mean it.

It's not as good as the percentage of the larger one, but that's where I was wondering it because it so much larger and better to try to combine them together to have more to work with.

I guess that's where I was no artwork in itself. Yeah, well, because it's a simple IRA you don't have that option unless it is been enough time that has passed so you know when the employer starts the account.

You gotta have at least two years and then after that you would have the option to combine these so you you may be able to put them together.

I think the kids if it's doing well in a perhaps you leave them separate and then once he retires. I think that might be the time as your choosing.

Who's going to manage all of this money to be able to make those decisions together and and perhaps look at combining them, but I think you're probably I would just stay on this current track that you're on for the time being until he separates from the company. Hopefully that's helpful to you, Shelley.

We appreciate you checking in with us today. Let's head up to Alaska Kodiak hi Sarah, thanks for: how can I help you, what would you like I track when I weigh three children attracted all three evenly care on their grandchildren involved you that I'm thinking that they're not with that, though I'm wondering how click click way could I encourage that money that would be good. Three children to be on down to the grandchildren to some extent yeah well you have the option when you set up a trust to state how you want the money you leave to your grandchildren will be managed, the circumstances under which it can be distributed when it should be withheld and you can determine, you know whether they'll be able to control the money at a certain age either as cotrustees or full owners so you can make all of those decisions in the provisions of the trust. So I think you know if that's not been specified. I go back to the estate planning attorney drafted this for you and just say and we want to revise this are updated. We want to have provisions both for not only our kids but our grandkids in terms of how this money is distributed under one.

What circumstances, and it can be very specific. That's one of the benefits of trust in it where it's especially beneficial because if they're still minors.

It gives more control of the assets even after your death. As to the triggering events your for this money to be distributed in the trustee would handle that in and make those disbursements based on the trust document.

So if that's not reflected currently in the trust. I would just schedule an appointment go back victory of talk there ahead of time so you have clear how you'd like it to be distributed, but all of that can be handled inside the trust document itself clearly okay Sarah all the best to you and that beautiful part of the country. Thank you for your call today. Bessemer PA Beverly is there, thank you for your patience and your call today. How can I help #5 it comes up for sale in years. It is sold yet. Yes, you know, it can, it can be a challenge especially in a market like this Beverly where you want to be as strong the buyer is possible when you go to make that next purchase of one of the ways you can do that is make sure you don't have what are called contingencies. A lot of times, especially in a buyers market. You would be able to have a contingency that schism to buy your home but it's contingent upon the sale of my current home. Well, that's more challenging these days because there's so many buyers and so little inventory that that makes you not as desirable from a contract standpoint is somebody else who might be buying with cash so you got a couple of options number one is you could use a bridge loan to purchase a new home before your current home is sold that allows you to take a loan against your current home in order to make the down payment on the new home. You could rent you could sell your home, but with the understanding that they're going to allow you to rent it back for a period of time so that gives you the ability to live in the home without having to move twice while you're out looking for your next home and essentially you're renting the home you just sold that you have your cash because the home sale is already closed and so you know you've got those proceeds to make the next purchase. You could arrange for someplace to stay temporarily, you could live with a family member and you put your personal things and in all pod or something that's more temporary in terms of storage and then when you buy that home you have it delivered.

And then you have the movers unloaded at that point. So there's a couple of options there that you could look at you know as you consider how you make this move, I realize it's you you. The goal is to try to not move twice and so that's where some of these other options like a bridge loan or POA renting it back could be a great option that allows you to move right from your existing home to your new home, but have your cash to go in to try to negotiate the purchase without having to wait for your prior home to sell this make sense programming. You're such a humble think you Beverly. It's very kind of you.

I appreciate your kind remarks. Their God bless you over to finish today in Tampa Florida just a minute or so (how can I help you find out what is the difference between a certified financial planner and a certified financial advisor and a one page. Do you use them. Yeah, well asserted, so there's no certified financial advisor you maybe talk about the CFA designation, which is a chartered financial analyst and a chartered financial analyst is really more about the investment space you know it. Somebody use a professional, you know, and it has to do with their competency in financial analytics versus a certified financial planner which is issued by the CFP Board of standards and it has to do with the. The primary six primary areas of comprehensive financial planning. So they've achieved and met high standards when it comes to sitting down with somebody and helping them do a comprehensive financial plan which is different than a CFA, a chartered financial analyst which would be more in the financial analysis and analytics. We often talk about the CK a designation and that certified kingdom advisor that builds on these other designations. It adds this specialization in biblical financial self how you can read more online about CFA, CFP and CK want to learn more, but hopefully that gives you some starting point for us folks. Thanks for tuning in moneywise light is a partnership between radio moneywise media answering phones, they Then Anderson or engineer Amy Rios producing today great research. Thank you for being here this tomorrow