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Finding Contentment

MoneyWise / Rob West and Steve Moore
The Cross Radio
May 4, 2022 5:00 pm

Finding Contentment

MoneyWise / Rob West and Steve Moore

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May 4, 2022 5:00 pm

One of the biggest lies the world tells us is that contentment comes from gain. They say the more you have the more content you feel. But contentment actually starts with a choice. On today's MoneyWise Live, host Rob West will talk with Ron Blue about how to find contentment. Then Rob will take some calls on various financial topics. 

See omnystudio.com/listener for privacy information.

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Today's version of moneywise live is recorded, so our phone lines are not open. There is great gain in godliness with contentment.

We have food and clothing with these we will be content that's first Timothy six Rob West one of the biggest lies. The world tells us is that contentment comes from gain. The more you have, the more content you feel but contentment actually starts with the choice I'll talk about that with Ron blue today we have some great calls lined up but please don't call in today because we are pre-recorded.

This is moneywise live biblical wisdom for your financial decisions. Well as I said financial teacher there yesterday and that's always a pleasure Ron welcome back Rob for inviting absolutely and Ron were taking a look inside your book, never enough today where you talk a lot about contentment. Let's begin there. What role should contentment play in the life of the Christian Rob central line above any other trait unit should really be the hallmark of a believer's financial life that they are content.

Figure 13 five says make sure that your character is free from the love of money, being content with what you have for himself and said I'll never leave you nor forsake you so that starting point for being content is defined by that person. That is what you already have our you can connect for years I talked about how much is enough and then I read this verse and I realized that how much is enough is what I have got is determine where I am right now I'm trusting and believing in and so contentment is a choice. But it's also a learned attitude, Paul said, I've learned to be content with Aladdin in requital so I make a choice and say Lord I'm content with what you have.

Thank you for what you given me, and then practice back in and believe it because you don't won't always feel it but you can always make that choice. So this cures to be content with what you have is the beginning what you reference the apostle Paul. Ron let me read that from Philippians 4, Paul writes I've learned to be content in whatever circumstances I am. I know both how to have little and I know how to have a lot. I've learned the secret of being content with her wealth that are hungry, I am able to do all things through him who strengthens me, and again in first Timothy six we see that, but godliness with contentment is great gain. So, as followers of Christ Ron we really need to ask yourselves therefore contents would you agree absolutely rounded you tell people that if you're not spending time with God reading his word on a regular daily basis, you'll never learn contentment because you when you read the scripture you find so many reasons to be content and contentment is a process rather than an event you know, friend, my legs around right around the corner from Marjorie my estimate many years ago and it was when we had a much much larger house. I drove by that not too long ago when and I realized that over the years. I went back a few years, I probably would've been a bit of that home that God has been teaching me contentment and frankly we have downsized twice now and that I have more I downsize Morganton I become Rob.

It's amazing how that works is, and that really speaks to something Ron you call the paradox of prosperity.

I define that for us where your American dream is to have more. I have something that I want. But the paradox of prosperity shows the more I have, the more choices I have and the more confusion and uncertainty and even fear in my life does not want to have a lot but if you're looking to prosperity to provide contentment. It'll never happen yes hello anybody's ever owned a boat tour on the second homework is something that they had to take care of the realize that more and creates more choices and more management if you will now that's exactly writes at the end of the day runs just a few seconds left tae bo on it for us. This is really about a decision we all have to make when it comes to contentment. Right. That is really right Robin, I would say get along with the Lord, Lord, thank you list of things that he has given to you. Not only is it well, but it's also family units, relationships, and a lot of other things so I say choose to be content, because Jesus said, I'll never leave you nor forsake you. Ron, thanks for stopping by there on those Ron blue.

You can learn more about this topic and much more.

In his book, never already coming up with some great questions lined up but Holter calls because we are prerecorded Rob West and this is moneywise live. Thanks for joining us today moneywise live Rob West to host our team is taking some time off today. We're not in the studio, so don't call him but got some questions we lined up and said to Canton, Ohio hi Landon, thank you for your patience.

I can help you take my call.

I have a question about student loans.

I have a total of $26,000 in student loan divided by 81 with the same provider bonds are range between about 2000 and $5000 with different interest rate between about two and 4 1/2%. Now I have about $13,000 that like to pay off the student loans with and I'm also kinda looking to refinance the loan. There are about 5000 or 5%. I know I can get that down below, but left and not my question is should I pay $13,000 pre-peanut finance pre-refinance right or after the light refinance. Yes, Landon. Are these federal loans are private. Both the federal okay yeah in the only downside to refinancing them with private loans is you gonna lose some of the flexibility in the repayment options, so you've got to income-based repayment options in various provisions in these federal loans if you got into a real tight spot financially would allow you to eliminate or reduce the amount that you are paying in temporarily into you could get back on track and as soon as you go with a private loan on the refi you're giving up a lot of those flexible benefits that come with the federal loans. So if you were to stay in the federal loan program. When I would do is going pay off the ones that you are able to with the 13,000 and then do a direct consolidation loan with the rest, which is just a still federal loan. It's not can improve your interest rate is just to give you an interest rate equivalent to the aggregate rate you were paying across whatever loans are still in place and it's gonna protect those flexible repayment plans and even the forgiveness programs if you qualify for those at some point, but it's not good to improve your interest rate situation. If you were though to say I'm okay giving up the flexibility that comes with the federal loan program. I'm just really concerned about the total interest I'm paying within you absolutely could consider looking at private loans, but I would pay off whatever loans you gonna pay off first because that's then a smaller amount that you have to qualify for based on your income and your credit score in terms of qualifying for the very best rates and terms on those new private loans does all that makes sense and if so, give me whatever questions you have. If the debt they think it would be better just to stick with the federal loan even try to do that debt snowball or to avalanche method with other direct loan with that same capital yeah I do the direct consolidation loan just to simplify things you got one payment and I would pay off the ones that you're able to. Prior to doing that and then you moving forward.

You would still have the same interest rate that you protect these flexible repayment options.

Yeah, thank you very much okay Landon, bless you and we appreciate your call today. All the best in getting these paid off. Let's head to Plainfield, Illinois hi Edwin, how can I help you hello how are you very well. Things okay I have a quick I got to get everything and nine and I wanted get them starting saving fighting saving for damn you know I got like maybe a thousand for each lot that I want to give it pending pending demonic to them so they can go into the bank in saving and the vacant fee all the profit and my question is if you have better idea what bank can I go to art and the other option, but I think the key that Edwin is first of all, what type of account and that's good to come down to whether you want them to automatically get the money in terms of them controlling it. At the age of majority in their state or do you want to have control over it once they turn let's say 18 if that's the age of majority until you feel like they're ready for it.

Talk to me about the control factor. Well, I want to have some control there after maybe don't know which one it like he safe everything you like to spend in the other one you thinking ahead before he got the money working.

What can you and you know so this is really key so if you open what's called a custodial account it's automatically good to be there money at the age of majority and that they want to buy a sports car they can. The other option would be you keep it in your name but perhaps in two separate accounts earmarked for each of them. You then invested or put it into a savings account. Whatever you want to do with it and then at the appropriate time. You could distributed to them. Once you feel comfortable that it's not going to. No further any negative lifestyle choices that they're making more of that they're responsible enough to handle it. You know those types of things you could even use it in a very specific ways of residence if they had student loan debt.

You can say I'll match no payments toward the debt to reduce the debt. You could say I'm to give it to you but it specifically can be used to get you in your first apartment. I mean there's things you could do that promote the right behaviors as opposed to just writing them a check for a large sum that they're not equipped to handle. So I think that's the first thing the second thing is then how does how you want to invest it you wanted to be completely secure and therefore goes into a savings account like you mentioned or do you actually want to invested so you begin the compounding effect and you put it in you know to some good high quality, mutual funds, and you can see it grow over time. But you recognize there's risk associated with that as well.

Talking about how you want the money to grow. I will think you get in the bank. They cannot keep the bank and how now work but if I can have that grow for them will be great out. I didn't think about them yet on all that okay I think that's the key. If you want the money to grow.

I probably use one of the Robo advisors like betterments for the Schwab intelligent portfolios to put it in a high quality ETF-based fund its low cost. That's can allow this money to grow as the market moves over time, very, highly diversified and you can actually use it as a teaching tool for them as well so I think that's you know that's one option. But again, there's risk. So if we year or two from now the markets and economies in a recession the markets down 20 or 30%. This portfolios can be down with you have to wait for it to come back, but it gives you the very best possibility of seeing this grow and outpace inflation because right now if you just put it in a savings account and you know, for instance, Elian credit union has a kid savings account pay little better than 1/2 a percent.

Capital one kid savings account would be another option, although those are custodial accounts and I think it sounds like were headed toward a an account that you would have in your name, but in either case savings account would be secure or where is stock market investing has the potential for growth, but it also has the potential for loss as well. So I think you need to think about that you do. I want to keep it in my name. It sounds like the answer that is yes. Am I willing to take some risk with the chance of a better return if the answer to that is yes and I look to one of the Robo advisors betterments from Schwab intelligent portfolios. Last thing I would throw out is whether you want to consider a 529 plan to be if you wanted earmarked specifically for retirement.

You can visit college savings.com saving for college.com to learn more. Edwin, you have some things to think about my friend call me back with any other question. This is money wisely makes returning it moneywise live on Rob Webster hose along with us today. This is biblical wisdom for your financial decisions. If you like to check us out of the web moneywise live.org you can donate while you're there. We rely on your financial support bring you this broadcast in all of our ministry offerings every day. We are listener supported and so if you prayerfully consider a gift we be grateful just said to moneywise live.org and click the donate button care team is taking some time off today were not here so don't: but we've got some great questions lined up that I know you'll enjoy will have next to Tampa, Florida hi Barbara, thank you for your patience. How can help you in life insurance policy okay now $20,000 and years premium has gone up and I'm now paying 128 and nine policy and Frank picking Ally fear sure charts and why you in favor of that. Is there a cash value that's been accumulating with this Barbara Deno now okay I suspect this is not money. Anybody that is one of your loved ones any of your dependents is counting on. Is it now okay so really there's not a need for this me. The purpose for life insurance is to provide for the needs of those dependent upon us.

In the event of our untimely death. And so if someone is counting on the income that were earning more if there will be expenses incurred as a result of our passing or if we have a lifelong dependent to me. Those would be reasons to have insurance in its life insurance and it's primarily for your working years in yellow and at that point, when you're gone. It's nobody's depending upon you, and you have other assets to take care of things like burial expenses, then this is really unnecessary. It's an expense that you could remove from your budget and redirect that to additional savings or giving or whatever else you might want to do, and clearly it will continue to get more more expensive because the mortality expenses just simply a function of your age and the life expectancy of the somebody you know who fit your it was a female at your age and so as you age it will get more and more costly and again it's not needed.

So I would completely concur. I think this is an expense you can let go of sure. Do you have assets that that would cover your burial expenses and funeral, and that type of thing. Okay so that's the key.

If there's other assets there. You couldn't do some preplanning and make some of those decisions in advance to take that stress off your family members during a difficult season but apart from that, I'm not hearing the reason for you to have this policy and I'm sure you could find other purposes for that party. So Barbara, thank you for listening and calling today.

May God bless you, but said to Las Cruces New Mexico had hi Elliott, how can I help you yes thank you I have a family trust that I could very few assets and to establish some 20 years ago when her kids are still around. We are just by ourselves now and I'm wondering if it just better to.

I haven't really spent a lot of effort putting on poison the boxes as the saying goes, and putting things into the trust and money or should I just convert the thing to a simple will. When I got the trust. I was concerned about inheritance taxes going up, and I don't think that's really happened so I don't have a large estate.

So what you think/I appreciate yes to the question you really is a legal matter mean I would say if there's not any complexities, major real estate holdings. Any desire to be able to control the inheritance. You know, based on the timing go if you had dependents that were under age or lifelong dependence or you wanted certain triggering events to happen before you assets or card that distributed him in those would be reasons why you'd want the trust and for protection from a liability standpoint or from estate planning tool, but if if none of those really apply there probably isn't a significant need for it and certainly if the assets are retitled in it. It's not going to do you any good anyway so you're going to need to visit with an estate planning attorney to draft that will if you don't already have one, or if you do, to least updated in review and I think at that time you can talk about whether there's any other benefits you know that you would want to have as a result of having this trust since you've already you know, done the work to drafted. The only thing I can think of just based on the limited information I have is if you wanted your estate to pass outside of probate you wanted it to happen anonymously give things like that would be why you might use a trust, but beyond that, you know, it sounds like a simple will in your situation would probably cover it.

But again, it's never a bad idea to get some legal counsel so I would make an appointment with a godly estate planning attorney either draft or update that will have this conversation at that time, but I suspect you'll find the trust is probably not necessary. Okay, what is the what is the limit for inheritance tax your stuff right now it's over $11 million.

So you're probably not can have any problem there is not any problem. Okay. All right. Ellie God bless you. We appreciate you calling. Thanks very much. Well folks, let's quickly take an email before we wrap up for the day off you'd like to send us an email. You can do so at questions@moneywise.org Deb says hi Rob can you explain briefly how it works.

When you trade in your car and you still owe money on it when you're financing another one and I can't have this comes down to whether you have positive or negative equity that is is the car worth more than the loan that still exists on it or is it worth less then the loan that exists if it's worth less than you owe on it. Your upside down and that means you have negative equity at that point I would consider not selling that car.

I would try to hang onto it to at least pay it down enough to where you have positive equities. You can then sell it, either through a dealer private sale to get rid of it and then at that point you can buy your next car so I would hang onto it as long as you can bet we appreciate your email today to pause for a brief break and much more to come in moneywise line thanks for joining us in moneywise live around west your host team is taking some time off today were not in the studio, so don't call in but he got some great questions lined up so let's have right back to the phones. Chastity is in Florida chastity. How can I help you I'm doing great. Thanks for your call and I want to hear more about you. I'm here typing very good. You know me just explain you what it is chastity appreciate you asking because it is a very effective tool for your giving. Think about it like a charitable checking account. Essentially, you make a gift to the donor advised fund at that point, then you would be able to grant the money out to charities, not for profits ministries including your local church as you wish. With the click of a button up one of the benefits is number one you get the deduction for the amount that goes in at the in the year that you make the contribution to the donor advised fund regardless of when it's distributed.

So that's number one number 208 to consolidates that you gift receipt and a sense because of your giving to multiple ministries or charities you're getting all of those gift receipts throughout the year and just ads from two more paperwork, but when you make a gift into your donor advised fund you got one contribution receipt that you can't use for your tax reporting purposes.

At that point know if you would open one at the National Christian foundation where we recommend you just go to NCF giving.com you'd login with a couple of clicks you could give one of the other benefits as you can give anonymously as well. So as you make those gifts out you determine whether or not your name passes with that gift or not. Now feel the objective though in terms of making a gift, especially as it relates to your church, but really anytime you're giving to Christian ministry. We want to get that money into the hands of the people doing the ministry so that your local church or a water mission somewhere around the world or somebody meeting needs in your community, whatever it might be you don't want it sitting in an account somewhere you want it being distributed and so I think it specifically for your ties. I think you'll probably want to just give that directly in the only benefit would be if you want to batch your gifts.

So, depending upon whether or not you want to give a larger amount in one particular year, but then you want to be distributed out over time.

So for instance you want to make one major gift to your donor advised fund and then set up a monthly immuno distribution if you will to your church that would be one option, but if you're not looking to make a significant gifting. It's just a matter of you running it through a donor advised fund to your church and instead of giving it directly. There really would be no benefit to that, but after a lot at you here tell me what questions you have. You put in right knee, and I like many and it may be and so that's where you want to check with your tax preparer just to see you know if whether batching it would help you meet one of the main benefits to that is if you can get up above the standard deduction and therefore you can take the right off on the larger sum of money yelled that would be one reason why you might want to batch a couple years worth of contributions into your donor advised fund you write it off. All in one calendar year and then you distributed over time, but that would be a question I want to talk to my CPA or account about to make sure there is a benefit and if so, this would be a perfect tool for that one absolutely chastity. Thank you for listening and calling today. Let's head to Clearwater, Florida hi Matt, how can I help you hello show. Very helpful. Thank you for doing appreciate it greatly appreciated.

My question is how much and I know the answer is different for everybody but how much is enough to retire on. How do I compensate for increased inflation that's going on.

To be able to find out what my number is and is there any basic rules, you could recommend to somebody and say I need this much go forward with it does present the questions that you know the basic rule of thumb that you will often hear is that you know you're going to need 10 to 12 times your current annual income. By the time you retire to offset the difference between your living expenses in retirement and what you might expect to receive from Social Security so Social Security was never intended to cover more than 40% so that the most that's can be 40% of your retirement income need and then the balance of that would be covered as an income stream off of. Hopefully your savings and so that's where if you have 10 to 12 times your income, your annual salary saved up and then we take 4% of that a year and you should be able to make that up through properly diversified income-based portfolio with some exposure to stocks that the combination of those two annual income coming off of the investments plus Social Security and any other income sources.

You have kinda lumped in there, you should cover it. Keep in mind, you know, typically, your expenses would run you somewhere around 80% of what your pre-retirement monthly need was just because you're now no longer saving for retirement.

Hopefully the kids are off the payroll and probably not paying for life insurance premiums and there's lots of the expenses that would come off the table and so often times, while big one would typically be your debt free now so hopefully you're not paying a mortgage any longer.

Those types of things all of the net result of that means you need less, but I think that would be a rule of thumb. Now there are some wonderful calculators out there that would help you back into that with a more customized approach to your needs. The out so you can input some of those numbers and there's a number of five great ones out there. If you just google your retirement calculators look at some of the reviews to see which ones are the most favored.

I think you know that would be a great tool but just a quick rule of thumb would be that 10 to 12 times your income is ad hoc about 50 years old. Most people would have retired from Ms. healthcare.

I have a light on healthcare needs medical benefits. She's had a lifelong illness what people do healthcare when you're essentially self-employed are yes sent with the best route is yeah you know the couple of options.

One is you go out on the open market and just know by health insurance policy until you're able to be covered by Medicare and can be expensive but they are available, and so you would want to find an independent agent you could go out and shop that for you. Another option a look at this increasingly popular as a health cost-sharing ministry specifically for believers. So I'd encourage you to go check out Christian healthcare ministries CH ministries.org they would cover on the goal plan. Any incident about $500 hundred percent of that would be shared by its members. So I would check that out.

CH ministries.org.

I think that may give you well will give you another option to consider alongside traditional healthcare. We appreciate your call. Matt, thanks for listening and calling your listing to an encore presentation of moneywise live. You can find out more information about the topics we talking about when you visit our website moneywise live.org.

Today's program is prerecorded, so keep that in mind.

Working to pause for a brief break will be back in a moment with more moneywise live like you're doing in the moneywise around last year hosting our team is off today and enjoying some time away, which means were not here to answer your call but we got some great questions that we lined up in advance. I know you'll enjoy and learn from. So let's get right back to the phones West Salem, Ohio hi Laura, how can I help you thanks for taking my call had a question on I have a daughter who is engaged in both her and her fianc are college graduates and she has debt and he has quite a bit of debt and wondering once they get married.

She responsible for his college debt. If something were to happen to him.

No is the general answer me these were taken out in his name only, and that doesn't transfer to the spouse that would only be if there was something joint there.

Now, obviously, anything that would be estate assets.

You know could be used, to satisfy his dad's is a part of the probate process, but those don't automatically become heard that because again they were not taken out jointly.

They were taken out in his name alone that you know the more this does not bring up. I think a great point that we all need to consider and that is that when were getting married as an engaged couple. We need to tackle as a part of the premarital process the financial area. Perhaps more important than anything else. Just what we from what we know of the statistics on the conflict that money can create and I think that involves talking about how money was handled in each of our families growing up. What are our money personalities and tendencies. Who's the one that's the best one to be the go to the bookkeeper of the family. What lifestyle are they planning to live in you. What expenses are gonna be coming with that.

How does that compare to their job track and the income there to be earning. What about giving me all these things I think need to be talked about. Plus, as you said, what are they bringing into the marriage relationship both in the form of assets and that and how are they can handle that as now one flesh, and I think opening up those lines of communication with transparency growing in their understanding of how to handle money from a your godly perspective is just so key and so I would just really encourage you to encourage them to consider this area and one way we can help with that is if you stay on the line I get your information will send you a copy of Howard Dayton's book money and marriage God's way and if you give that to them as our gift and just asked them to read through that together a chapter at a time. I think it'll perhaps give them a little bit more preparation. So they go in with their eyes wide open. But bottom line is a dish will not become her dad, although there could be some complicating factors as part of it is far as to settling his portion of the estate upon his death, and otherwise I think you know that would be the answer that you're looking for.

So we appreciate your call today.

Laura may God bless you and let's head to old Larry believe Ohio. It is Elizabeth Karen, thank you for taking my call went out and I had two young my husband's life insurance letters that 50 to 10 for myself, and 50% for my older daughter because he had taken this before my son was gone.

I was just wondering about the 50% that's in my daughter's name, which is currently in net total control account that she has no access to. How can I how can I take care of that money in such a way that both children receive an equal share of that yeah yeah that's challenging given that your life insurance proceeds pass according to how the beneficiaries are designated in the policy, which is why we always need to be updating those policies as changes take place and obviously, the birth of a child would affect that and so you know this would be her money just based on how the beneficiary does a beneficiary designation was in place.

I think one way to deal with that would be if you wanted to handle the distribution of the rest of your estate in such a way that essentially made him whole. With this portion going to her because it's in an account in her name and that can't be changed but you have control over you know your will and how the rest of your assets are distributed at your death and again you could use that the planning to essentially account for the portion that was given to your daughter that excluded your son did you follow that. Okay, very good.

Thank, yes, ma'am. You're very welcome. Thanks for calling today heading next to Lake Worth, Florida hi Richard, how can I help you got my security disability and they gave me about came back 2019 lump sum wondering where all my text bracket that could be a taxable income statement income yeah yeah unfortunately Social Security disability benefits are taxable as regular income. Now most recipients don't end up paying taxes because they typically don't make enough so you'll owe taxes of your total income is more than 25,000 or 32,000. If you're married and filing jointly. But if you earn income in that range. You'll only pay tax on about 50% of your benefits. So I think you know what you need to do given that it is in fact taxable and you know this is a change because you're getting this back payment which is going to result in a larger amount being paid out to you. I think the key for you moving forward would be to help check with a tax preparer to make sure that you have accounted for what you owe.

This year, Siegel set that aside because the last thing you'd want would be to it'll have the unexpected amount be owed and you don't know if you learn about it later. And I you got taxes and penalties. So this is the year to check with a professional to run your situation by them and see if there's anything that you owe at this point. Does that make sense and I got my belt third collection know I've got mama like I got all low might blow it. We all yes that would be problem.

Eliminate whatever debt I have, yes I totally agree with that. Richard Dimino is as believers we need to honor our obligations and the fact that you had these hospital bills in collections is that's a debt that you owe and so it's not a matter of you blowing it up and you need to be wise and responsible with what comes your way, but you a part of being responsible and wise is to take care of your past obligations. Good news is I suspect you settled with the fraction of the portion you know that you originally owed because these were maybe charged often. You know that kind of thing. But yeah, I think making good on those debts is a is a certainly a good thing it's honorable, biblical, and the key then is moving forward. Now that you've got a cleaned all this up and you been made whole on the, the disability payments to really put a spending plan in place.

Moving forward that allows you to live within your means even if things are tight and that's good. I mean, you do the hard work to really control your expenses and come up with a workable budget so hope that helps you my friend. Listen, I know you for sounds like you been through some challenging times, but your perhaps this will give you a fresh start.

As you get this payment and the I'm grateful that you called in today to check with us all the best to you in the days ahead.

Richard God bless you both folks before we head to the end of the program here let me take a moment and take a few emails because we often hear from folks that right into SBA email and ask for help in their situation and I'd love to be helpful to you. So I would say we get through a few of these before we round out the program today. This one just says. First of all, from Karen, what is the name of the site to request credit reports from all three agencies want to make sure everything looks okay. If I find a problem how I go about fixing or correcting the information that is wrong and Karen this is a great question because it's something we all should be doing. We should be looking at our credit reports. I would say at least quarterly. Because if there's something on there that's not ours. Somebody's open an account fraudulently in our name they run up some debt not paid it back that's sitting on your credit report. It happens more often you think and the credit report is usually the best way for you to find it is and I can send you a bill so how do you go about that. Well, there's a website called annual credit report.com annual credit report.com that's the place to go get your three credit bureau reports for no cost. You want to review those and then there will be a procedure for you to dispute any negative information that is inaccurate by law, the credit bureaus have 30 days to verify that it is in fact accurate and if they can't, it has to be deleted. Karen, we appreciate your email today.

Mike is written into us and says I heard I've heard you reference the importance of setting a financial finish line. Can you elaborate a bit more on what this is and how I go about it and Mike, I'd be happy to do that, you know, when I talk about a financial finish line when I'm referring to. There is this idea that you don't God entrusts to each of us differing amounts right we see that in the parable of the talents and that's not based on our godliness or our commitment to him. It's just part of the way his economy works and we are to be found faithful with what he's entrusted to watch over to us. However much or however little, and I think with whatever God has entrusted to us.

We need to live within that provision, and we need to live with contentment, but we also should be asking how much is enough because I don't believe we should automatically spend everything that the Lord gives us and so we need to be saying, Lord, what lifestyle have you called me to and I believe this financial finish line includes both your net worth meeting.

How much of my ultimately trying to accumulate not just saving mindlessly and trying to build as big a portfolio as I possibly can for the future.

I should have a goal and within that goal I should decide how much is enough because if I'm on track to reach it or I have reached it.

I give the rest away and we can also set a finish line for our lifestyle which means our income. I'd love the idea. If you would Your income and safe working to spend up to this amount in anything.

We are beyond that is given to the Lord. Pray through that ask him what you should do and then said those financial finish lines.

I know the folks that's gonna do it for us today. So glad you been along with us today moneywise live is a partnership between Moody radio and moneywise media want to say thank you to my team today Evan, Amy, Jim and Todd's want to thank you. Being along with us as well.

It's always my privilege to come alongside you and talk to you each day come back and join us next time will you