The Price of Freedom

If you have someone which holiday represents freedom will probably say 4 July, but Memorial Day should remind us of the price of those who gave their lives that we might enjoy. Yes, if Memorial Day is a fishing ball games from West France questions but don't call because today's program is more, it is good to have you long for this moral admission route. This is the unofficial first day of summer, of course. In past years.

Most people would have the day off.

They get together with family and friends enjoy grilling and other outdoor activities.

I may be croquet and badminton, but today of course people are staying away from each other and most gatherings about regardless we don't want the real purpose of Memorial Day to get away from Stewie know we certainly don't and I'm not claiming the moral high ground here Steve I'm just as guilty as the next person of forgetting what Memorial Day is all about you and you know what Steve even people who are well-intentioned about respecting this day often get it wrong. They conflate Memorial Day with Veterans Day.

There's a big difference between the two holidays.

Memorial Day is intended to honor members of our armed services who gave their lives fighting in our nation's wars Veterans Day as the name implies, is about honoring those who served in the military and are still living in may need our help. It really does a disservice to both groups when we mix them up and everybody does it. From presidential candidates to local reporters on the six agog news. Let's make sure we don't confuse the two that were talking only about Memorial Day today because obviously this is the day that we honor the memory of those who have fallen and how you doing today well. I've been thinking about a term Abraham Lincoln used in the Gettysburg address when he was dedicating the national cemetery. Thereafter, that battle I think it describes the price of freedom so eloquently that Lincoln talked about honoring those who fought there."

Gave the last full measure of their devotion. They gave everything that we might be free and Jesus of course talks about that price to in John chapter 15 where he says, greater love has no one than this, that someone laid down his life for his friends.

Now most of us have no idea how many of our fellow Americans have paid that price for our freedom. How many gave the last full measure of their devotion. The total number of service members who've died in all of America's wars from the Revolutionary war to the ongoing global war on terror is almost 1.4 million Steve that's the true price of our freedom today so many Rob I'm sure some might ask.

Has it been worth it. I help us put that into perspective. What have we purchased for that difficult price, while those who pay that price certainly felt it was worth it. It gave us the most liberty of any people in history.

Both political and economic. Let's look at the political first form of limited representative government more power is divided among three branches. That's the basis of our Constitution, but even that wasn't enough, the founders insisted on a Bill of Rights that expressly limits the government's ability to intrude in our lives that became the first 10 amendments to the Constitution. No other country enjoys liberty to this extent and for believers. How do we put a price on the First Amendment. It begins with Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof. See our service members take an oath to support and defend the Constitution against all enemies, we are able to worship and freedom. Today, due in no small part to the price paid by those who gave their lives defending them right.

Add to that the freedom of the press the right to trial by jury, and many others that are unheard of in other parts of the world. And what about the economic impact of all this freedom is been given. Well, it's been nothing less than phenomenal limited government made the United States the fountain of free enterprise. People came from all over the world to obtain that freedom to make their own way to succeed or fail on their own without interference from kings or other tyrants, our freedom has made us not only the wealthiest country on earth but the wealthiest in the history of course, it's up to us now to preserve that freedom and to use that wealth wisely. And that's proving to be well said, well indeed. It is Memorial Day and we've been discussing the price of freedom. Next we go to the phones but today's program obviously is pretty recorded. However, if you like to be at an upcoming program you can call us anytime 24 seven. 800-5257 name number in question and someone will call you back to arrange a time to have you join us in the future program again 800-525-7000. I'll take a burger and do you know if you have enough money of house. Do you know how much is enough. If not, one blue can help with this book. Master your money a step-by-step plan for experiencing financial contentment. Learn how to save and invest and give wisely create a long-term financial plan and how to get out of debt. Find it all in master your money by Ron blue available when you click the start button moneywise live outdoor if you need investing.

You probably want help that's grounded in God's were taken by sound mind investing since 1990 minus help tens of thousands of Christian supplier wisdom and confidence in their investment investing experience how much you have doing that you can learn will still carry out investing more information about SMI and financial wisdom for living well is available online. Sound mind investing.and no moment.

Here's a real downer and was so hurt by her husband Fred she could leave the house.

Critical time to just sit and I knew of the problem with to see them, and frankly, we were little scared and prayed and asked God for his word.

As we sat in her living room shared how we struggle to live at first Corinthians 13 for the begin. Love is patient, love is kind.

We admitted that our failure to express those qualities have hurt. He showed and then ask them about their lives that start a wonderful discipling relationship. For a friend. I know your marriage is perfect. Probably better than most share your weaknesses in God's answers with another couple will all be blessed to help your marriage get Phil's book on limited partnership for information on all the resources of the discipleship network of America donor grantor that is robbing you of freedom and peace of mind. Christian credit counselors can help where nationwide nonprofit counseling organization has helped over 3000 individuals in the last 27 years get out of credit card debt 80% faster while honoring that debt and phone to learn how Christian credit counselors can help you visit Christian credit counselors.org Christian credit counselors.org or call 800-557-1985. Happy Memorial Day to you again. Today's broadcast is reported with family cooking dogs and burgers on the grill. Perhaps maybe if were lucky, some chicken wings.

But, nonetheless, were glad you with this today, as we support Memorial day and all of those who have helped make over freedom, possibly in given their lives for it. Let's take some phone calls Rob of the chart we use Coral Springs, Florida, and Alex, what's in your minds are well.

Thanks so much for your time and your wife counts all time bad luck of having to drive to my second job listening to your show between four and five living in God's way of blessing or yourself now story short, I was stuck trying to get out of debt.

The couple years ago and Oliver Britney. My wife are very close were doing.the range being a snowball in all our bills… And we actually do and I felt sick. I got out I had cancer and then basically I just was out working and medical bills… So now right back where I start now.

I have to be in Puerto Rico. I even do a letter Coral Springs and I have business here Coral Springs as well, but Rico, are my partner my brother and he wants out. He wants to get out of Puerto Rican market. So we were told we couldn't but they would be a huge discount and I contemplated doing that because I was like well macro take that money on my debt to start over and maybe some money down on the house like house stores or pay for their money coming in and be over there to actually run on my run remotely here Lord so I'm thinking by my bed around and just keep the store for myself that the landline and I don't know what to do on the laundry. Tell me how you would do that. Alex went to the resources. Do you have to buy him out or would you have to borrow additional money rather so is all is having mercy on me and he says that he will finance the sale over 15 years and basically a small amount of years and diametrically resolve himself of all store so they go belly up work I go belly up. He keeps the stores will okay I think the key there is me not to see you all been in business together. To this point and so you just need to recognize that now you're moving into a different type of relationship as he's the lender and you're the borrower in the sense that he has the collateral of the store, but you just need to make sure that all of that is clearly documented as to what everybody's intentions are going into this what you know interest rate is involved here. What happens if, if, in fact, something happens and you're not able to make the payment. What happens at that point you want to make sure there's clarity there because the last thing you want is relational damage as a result of you trying to make this purchase from them.

Nothing you shouldn't do it. I just want to make sure that you will have a lot of clarity on the front end and you understand that the relationship is changing. As you move to this this new situation that you feel like you you process that yourself and with him at all because we don't tried not to cost about so everything been going to be on paper what the attorneys with the amortization schedule talking a lot of it takes to record so let's talk about then your your situation, your personal situation.

Tell me about the debt that you have right now like $85,000 and that I'd been offered to sell this to stores or cash for $300,000 even though the work by an online bill but in reality I was split that my brother have to pay off the debt. Then when I got the 85,000 consumer debt 25 of the cars payments and arrested credit cards and what about your current income what what are you doing other than the income stream.

You have come from the stores overseas store here in Florida but is not doing so well. Someone that wanted to go back on this one here in Florida sell it and I'm actually working a second job at night. Going back to what I used to do like tables so doing whatever I gotta do to make things happen. So what's the plan moving forward. To be able to get on top of this, because that's obviously a good bit of debt. Once we take the cars out of this.

Are you are you saying that you've got about 55 about 60,000 and credit card debt like that around 45 and when, why do you have to sell these at such a discount rate markets Dragon big time.

I started doing okay they make money. They cleared 100 grand last year so there limelight people one out just what's going on over there. You know they defaulted on those things in there in a crime is crazy and no one to get a little darker before it's light so ride the storm out literally last year so well that the thing I'm concerned about me now is that I don't like the thought of you taking that big haircut there on the sale of that assets the business but what I don't like is the current situation of your finances the weight of this debt that you have on you.

That's a lot of credit card debt. That's a lot interest you paying I'd I don't see necessarily a plan in terms of getting your income up here in the states to be able to get out from under this and I really want to make sure for your sake and your wife and your marriage and just the stress that you have on you, not to mention just being a good steward of God's money that you have a plan that makes sense on paper.

And so I'm and encourage you to get some counsel somebody can sit down with you. Analyze the businesses look perhaps nobody who knows the markets overseas there and in Puerto Rico perhaps and obviously there's a lot of folks there and sell for because of how many people do business like you are in other markets outside the US get somebody who can help you make that proper analysis and really help you figure out exactly what the path forward is because you know I think perhaps selling these and getting yourself on a better financial footing.

Assuming you have a plan here in the states to earn the income you need to support yourself may be the best option. If there's not another path for the can get you out of this debt in a reasonable time. I just don't like the pressure and that the interest rankly financially that you're paying. So there's a wonderful financial planners there in South Florida that have a certified kingdom advisor designation. I'd encourage you to visit with one of them you go to moneywise live.org and find one in your area there in Coral Springs and I think that's can be your best next step. And then what you get that counsel you want to talk it over. In terms of the recommendations give us a call back. At that point Alex, you sound like a hard-working guy will pray that God gives you real wisdom and direction as you work through this. Thanks so much for contacting us today listening to moneywise live with Rob Weston would be back with more phone calls. Perhaps yours. Romans 13 for all joint trust microbrews financial show 4 inches of financial wisdom to help my power of God's word right now. Financial support $25 or more moneywise. My.org Sappington to match the here's today in our lives to again ourselves into a stronghold to get permission from the position nor the power anymore permission to take a new American commentary terminology is no problem financial wealth you leave behind could be the best thing that ever happened to your loved ones or the worst in splitting hairs, giving your money and things to your children without ruining their lives. Ron blue explains why it's important to make those decisions. Now, instead of forcing your heirs to do it later. Splitting hairs will foster a real appreciation for the precious resources that God has entrusted to you, and it's available. Click the start button moneywise live.org it's on Memorial day addition of moneywise live Rob last year not live today as we have the day off because it's memorial day but glad that you're listening and I'm sure your you have a full day with friends, family or whatever God has called you to do today but were honored that you would set aside some time to listen to us. Thanks so much, Montgomery, Illinois Kristin, thanks for your patience and for holding what's on your mind, how I or my retirement I went out last year so I've got one. My living situation had been there. I don't I don't have a markets account bill, how I am looking forward knowing that here and point here in five years might help. More important point to purchase a home and or rank or a nightmare for my retirement plan working right now. I don't know how I got down to part-time work help but hard to get some money for her arm but not makeup. Her completely. Have a pension here in Illinois and I know that you should overlook you and how you mentioned are not well clear have a 401(k) attack on right now my retirement okay work on out of our I don't know okay and try to look at very good luck Kirsten you got a lot on your plate and I'm so sorry to hear about your husband's passing's grateful for a family member who stepped in and provided a home for you all to live and free of charge.

Apart from the expenses.

That's a huge blessing as part of God's provision in your life and obviously family members who love and care for you and that's wonderful.

But I think you're asking the right questions. You're obviously a hard worker and you want to think about your future and that's the right thing to do. I do think that right now. Perhaps saving for the house and retirement are certainly the priority over saving for college. There are other ways to pay for college and so we want to set that aside as much as we like to be saving for that as well. I love the fact that you are taking full advantage of the match. I would continue to do that if you were to just stay with that and perhaps not get up to the 10 to 15% going toward retirement that we would normally like to see what if you were to just fully maximize the matching portion of your 401(k) with your current employer, and I realize your situation may change you fairly soon. How much would that give you over and above other expenses to put away toward your down payment on a house now.like an excellent armor. I'm not sure you have money coming here anyway you know about picking hundred like it. I can't. So now I'm working so I don't need it right now. Our goal here and there on, but I realized I don't have little track I haven't done that allow That I could put away.

I collate out the rights well that's great and and that's really where I would go next. I would really work on that spending plan perhaps connect with one of her moneywise live coaches that work with you at no cost help you develop that spending plan get on the system are you tracking the flow of money I'd continue with the match. For now, and fully fund the matching your retirement account but then put the rest of that surplus toward funding your emergency fund. When he gets up to 3% of three months expenses then I'd flip that over into a savings account for the house and if you can stay there up to five years and put that money away and have that 20% down payment and buy something that fits into your spending plan. Certainly that would be of the path that I would pursue so I would stay on that track.

I think your next step is to really focus in on the budget and then develop a clear plan on what you can put away over that period of time so you know exactly what you're working toward, and then you can make that home purchase down the road at the very least, you can move out on your own and get an apartment in rent or a townhouse or something like that but it sounds like you're on the right track.

I know there's a lot on your right now so just stay the course know that God is there with you. He's your provider and that's where your trust ultimately needs to be even at $1000 a month if she's able to save that much. Set aside that much. It still may take a couple of years, but that's okay right as far as the down payment.

Yeah, that's right. Yeah, especially because the Lord is provided. This housing situation with where there's no cost, and she can stay there up to five years and in her own timeline that she's gonna put in place and I think that's the key.

Don't leave it open-ended, have a plan know what you're working toward, and then go after Kristin. Again, we appreciate you, we wish you and all your children the very best. Thanks so much for listening to moneywise live with Rob West. That's our Memorial day addition of the program were going to pause for a break momentarily, but will become back will be hearing from caller in Mentor Ohio. They want to know what type of life insurance to have David is in Clearwater Florida. They just moved recently like yesterday. Going to rent and one in the were precautions to take before they decide to purchase a home and now might not be a bad time to purchase a home.

If you have all of your financial and mortgage type ducks in a row and then that coming up after the break.

I think were going to Spokane, Washington, D is 65. She's on disability never married and wants to know just how to approach the next stage of her heist. The next stage of her life as far as income and renting out a room, things like that. I will talk about those things and I think some more phone calls as well. You're listening to moneywise live and by the way can find us on Facebook at moneywise media. Check us out. Lots of great information there. And of course our regular website is moneywise live.org you will find resources there radio archives, and it's also a way to make a donation moneywise live.org for the program right after. How should we as Christians think about investing. What if we could invest our money in a way that aligns with what we believe that Eventide we believe it is possible to love God and love our neighbor in the very practice of investing design investments for performance and better world so you can invest for the future with a sense of wholeness and purpose. We call this investing that makes the world rejoice. More information is available@investeventide.com Christian healthcare ministries enables believers to meet their healthcare costs affordably, biblically and compassionately. It's not insurance but a voluntary cost-sharing ministry based on the biblical example of Christians sharing each other's needs and members are defined under the law for not having health Christian healthcare ministries might be your health cost solution call 800-791-6225 or visit CH ministries.org Moody Bible Institute verse of the week during this Memorial is found in John 1512 this is my commandment that you love one another as I that's John one more reason why the ministry of Moody radio will import. This may be the only opportunity. Somebody might have known that the gospel change lives and so that's why to change lives change lives that will follow Christ.

Call one 800 visit.you know not to do with your money in uncertain times like to note ways to trim your budget when you get those answers much more.

Subscribe to the moneywise expert on leaving it description free moneywise the magazine moneywise live.org/Americans marking a moral day like no other is the coronavirus pandemic upended traditional commemorations of borrowers forcing communities to one of the nation's military dad with smaller, more subdued ceremonies like car convoys and online tributes instead of parades observances were canceled or toned down across the country on the weekend that marks the official start of summer US authorities are warning beachgoers to heed social distancing rules resident from the First Lady were in Baltimore today visiting the Fort McHenry national Monument and historic shrine that was the inspiration for the Star-Spangled Banner. Earlier, the president of lettuce on the Memorial Day ceremony at Arlington national Cemetery. That's just across the Potomac from Washington. He was joined by VP Pentz. This is SRA news world and forfeit his soul from my six reminder what good does it do to add even more stuff to your garage and your closets when you can use all that you have.

You have to reassure it. You have to put gasoline in that. Why do we want to obtain all of this and add all of this and I pay for storage lockers at the risk of being distracted from the things God has called us to do and when I say stuff like that. I talking to myself as well. Believe me, let's continue on Spokane Washington and Haydee. Thanks so much for holding and for calling us today what your situation I never married and I'm ability to live off my saving and hating on kind of light and understanding of what and I just wanted now in order to survive. I was letting off my saving augmenting my disability income and I'm wondering should I sell my home and put that money somehow in some sort of investment that I could maybe get some percentage given back to me every month and go rent a room already. Should I stand my column and ran to her room and went renting around take away from my disability income heating oil furnace heating oil annually taxes now and then all the other expenses to tell me a little about your your budget in terms of being able to balance how far off are you on a monthly basis. All well. I get 940 50 Honda Fidelity. I take that 15% of the line that Medicare and that gave me $670 a month and I have expenses not including my breakdown of oil or gas, food, anything just utilities and home and auto insurance, and found electrical cannot to 73 I got your credit card $97 a month to live on my saving you on your home free and clear. Okay well I think the key is that you know you obviously need to right size this week. Don't go underwater anymore and the ability for you to sell take this asset and if you could invested conservatively in a way that would generate some income. We would typically use the 4% rule on that.

So if you were to take this money after expenses let's say you end up with the you say it's worth 275,000 today. Okay, so 275,000.

Let's say you end up having 7% in the in the way of expenses so you have 93% left over CM around 255,000.

And if we were to invest that you'd generate about 10,000 a year so obviously that on a monthly basis would be about $850 and that would be taxable would roughly $700 a month allow you to cover your expenses that would be good, yeah.

Now obviously you have to add a rent on top of that into that's were going to have to look at think my producer is telling me that the median rent price and Spokane is is around $1300 so you have to look at something that you could afford.

Perhaps you get a place with a couple rooms and you and a roommate split that but I think that's going to be the what you need to look at Max to say okay. Does having this money working for me and generating an income with me now having to take on a rent payment when I'm currently don't have any mortgage at all, or rent are those two going offset one another.

They probably won't. You probably can have to spend more on rent. I would guess then you would be able to conservatively generate on this money working for you without you having to pull from the principal. If you're having to pull from the principal every month and were actually in the same situation where you just can erode your savings over time. This at all make sense yeah well I think we just have to compare what you're going to add to your budget by selling the property and renting versus what you could earn on a conservative basis from this asset. Once it's invested and if we think you can generate about 10,000 a year without you having to touch the 250,000 after expenses.

That's probably not enough for you to cover the rent that you're going to be adding to your budget and so were now back in the situation where you're going to be having to borrow from yourself on a monthly basis just to keep things afloat.

So I think perhaps the next step is to look at what you could do to offset your expenses in terms of perhaps getting a roommate in your current home or selling the property. Putting that money to work and then renting where you can get the rent down by having a roommate come into that rental property and I think those of the two options that will probably result in a better situation because you can get your expenses down and have this supplemented income coming in.

So what I would might do DS is go visit with a realtor in your area to find out exactly what you can get for the property and then I'd work with one of our moneywise coaches to get a more detailed analysis of your spending and just look at what your rent would be build that into the budget and factor in what the investments could generate and then just see ultimately what is the best scenario from you on paper. Once you do all of that.

Feel free to give us a call back if you have further questions, but you can connect with one of her moneywise coaches@moneywiselive.org and did I hope that helps you.

Thank you so much moneywise live.org it's how you can connect with the coach and there's no charge for that and they will work with you as long as they have to to just help you get to a place where you want to be and help you figure out what the next step might be what David is in Clearwater, Florida David, we have just a tiny bit of time understand you've been rent out resident there for like 24 hours or something right. Not even quite 24-hour okay what a little late later on is real quick. Your what you question what we sold our house. I we picked up the moving truck. I have enclosed on that we should close in early May, but I need to start my new job down here next Monday.

I have generous offer from a friend of ours that have a rental here in Clearwater so staying there until we find a place I have been prequalified and I listen to your show we feel we talked about being preapproved the difference between the two. So I'm wondering we move forward in the Florida area around Clearwater look out for and what is the preapproval process gets well. I think the key is to make sure that you got everything nailed down in terms of you know where you want to live, and perhaps staying in that rental for up to a year just to make sure you know what part of town you want to be and you know about the school districts. If you have kids you you get the lay of the land on the traffic patterns and what your commute is going to be and if you feel like you. You need some time to figure all that out or you'll have a good sense of where you want to land like land around the Clearwater area somewhere to worry about my wife and I am a dog and okay very good. What I would do next in his bank rate.com begin to look at some of the lenders there and then find a good mortgage broker is not tied to one lender in your area, perhaps going to the churches in the area to see if they can make a recommendation. David Stanley will talk you and here's a great deal more about our money than most of us imagine Jesus is more about our use of money and possessions and about anything else, including both heaven and hell in managing God's money. Author Randy L breaks it all down in a simple, easy to follow format that makes it the perfect reference to what you're interested in gaining a solid biblical understanding of money, possessions and eternity managing God's money is available moneywise live.org I'm here to help you understand God's purpose for you like the eyes of a Lehman prevailing hindrances of personal faith sharing is the feeling of not being good to speak up on God's behalf, which of course is absurd is like you're not really forgiving that you haven't been set free, but if you repent of your sin inside God's forgiveness free. The Lord sets free is free indeed.

And if that doesn't put yourself in the testimony your mouth something's wrong. I mean really wrong.

Tell yourself that you're not good to represent God's bad theology in the life of Satan who still wants to neutralize your testimony. Don't do that. Let your light so shine before men, that they will glorify your Father in heaven. Your job is to guide revival outside the walls. By moving everyone you're with today closer to Jesus you want to know how easy that is go tomorrow. DW.com what is session pots are different. A month ago than it is today is hard to not get caught up in the pandemic and the far-reaching effects is having on everywhere we turn the news is about the coronavirus changes is forcing to our everyday lives.

We are often pulled into things in ways that steal our focus from what should matter. Other times, the stress and worry of life force is only as much is times like this remind us of the importance of good health, family and community. There is one relationship that matters more than all the others. That is our relationship with Jesus Christ. He wants to walk through these uncertain times with you and take all your you want to know how to do that then. Call 888 need him to learn how to begin a personal relationship that is 8888 him or chat chat about Jesus buying a home is the largest most nerve-racking purchase. Most of us ever make. It doesn't help that you're entering a maze of unfamiliar words and confusing options that can leave you intimidated frustrated and afraid. You can take advantage of navigating the mortgage mates by Dale Vermillion help you clear up the confusion on rack your nerves and make the best mortgage decisions possible with confidence navigating the mortgage maze available when you click the start button moneywise live.org back to do our best to remember that God owns all managers or stewards as the Bible puts it, God gives us the principles we need to maximize what is given us throughout our lives we can help you. Well normally we would give out a phone number here is the number 800-525-7000, but because today is a holiday were not here today but will be here tomorrow and maybe you could call us that 800-525-7000 Mentor Ohio Jolynn. We know you've been holding for a while. Thanks for that. What's on your mind (turn right.

2024.

I write now."

If a writer friend, Sharon and Carl wondering is it worth doing. Should we just keep not have insurance at all might be retiring probably retire for five years. I have a little bit longer but we really not quite sure what we need to do at this point it's a great question Jolynn. What would be the reason for the death benefit. I understand why you want to have long-term care coverage. But what would be the reason for the death benefit. Once you reach retirement age.

We do not area when really we want to keep the termite anymore.

And in terms of your retirement budget. If you look at what your expenses are going to be and compare that to what you're going to be generating from investments off of savings and Social Security. Things like that were pretty well we got quite a few 401(k) and I immediately don't have been very glad we don't have much to worry about immigrants yes of the key here then for retirement as you don't want to be sold another policy.

If you don't need it.

The purpose for insurance is to offset a risk and that risk would be in the case of the death of you or your spouse that the loss of an income or an additional expense. Once you reach retirement because you've been good stewards of your money you been savers you don't have that risk.

And so that's off the table.

So in fact we want to be looking for ways to reduce your expenses as you get into retirement by having as little insurance as possible and making sure you're completely debt-free. So what I would probably suggest is that it sounds like to me based on the limited information I have, that the term insurance is going to run out and write about the right time and you don't need any more life insurance at that point because your self-insured now. What you probably need is long-term care insurance and the best time to start looking at that is between 55 and 60 years old, so this is probably the time to be looking for a policy I realize you can add it to a whole life policy but your paying extra expense there for the death benefit. That's not needed at that point. So I look for a good quality long-term care insurance policy that provides for the daily benefit that you need. Based on your desires for where you'd like to be cared for during that season. If it's needed and that fits into your budget and so you're gonna be looking for somebody who specializes in long-term care insurance. If you don't have someone you could go to our website moneywise live.org connect with a certified kingdom advisor and ask for a referral to allow long-term care insurance specialist but as far as I'm concerned it doesn't sound like you need life insurance at all.

If anything, if anything, the only thing you need at this point is to look in the long-term care Jolynn thank you very much for your call us move briefly are quickly rather to Andrews, North Carolina Rick, welcome to moneywise live great.

Thank you. My question is me and my wife basically were nobody start no. 6357 and we are making a move to another state and we have nothing for retirement. But the job will be start and don't have a semi-matching 401(k) and is this you know if I do that and then maybe find a way to do all we can manage that basically were looking at probably just trying to still be working and not really looking at a retirement to have something church I think that's good thinking Rick and despite the fact that you don't have a lot to speak of. Now the key is as a steward of God's money. How do we really conduct ourselves how we manage his money moving forward and make the best decisions we can in light of biblical principles and I think the key is starting with that spending plan to say first of all, one of the goals we have based our values what's important to us want to be givers. So let's give right off the top want to live well within God's provision and so we don't want to live outside of that using debt and we want to be savers for the long-term. Now there's two functions to retirement, there is the saving side but then there's the expense side, so I want to get what you be thinking about both what can you be putting away over these next 10 or 20 years of the Lord Terry's and your health is good where you're continuing to work so you can maximize what you're putting away for the long term and building up as you can. The other side of that is the expense side, what can you be doing now and in retirement to keep your lifestyle low so you have as much as you can that you can put toward long-term savings and so that you get to retirement in that season completely debt-free, which is get a further decrease your expenses. I think those are the things you need to be working on and it's just the daily grind. We got operate on a spending plan. We got sacrifice in the short term for the long term, and we gotta really be focused and discipline on putting away what we can and then at the end of the day we leave the rest of the Lord say Lord I trust you and I just want to be a good steward of what you've given me, but I think you're on the right track. I'm glad to hear that that you have a plan for saving and I think that's the key right. We wish you the best Rick, thanks very much. Chicago, Illinois. Atul Muro is an adult miracle or help me with this please at Amida okay well my eyes are failing me. I apologize, but how can we help you think you like nice cranking line everything Tierney and my daughter received an events fund be typing on both well and Amir. We appreciate your call so much in and I realize that this question comes from a heart the desire to honor the Lord, and here's what I would say the principle of the tie this on your increase. Now there would be some that would say well you been paying into Social Security and this is an entitlement. This is something that comes based on the need after you been paying into the system for a long period of time and so that technically is not your increase.

I take a little bit of a different perspective. I just look at it as whatever funds come into my possession, from whatever source I'm going to take that and I'm to give the first produce of that out of my entire harvest, which my entire harvest would include welfare and Social Security and supplemental social security income and unemployment, disability and inheritance. And of course regular income and I want to say I want to give from the heart of a joyful giver and I want to give back to the Lord because I can't out give God. Now that's just my perspective that's kind of as I look at it how we can honor the Lord off of whatever he brings our way.

And, from whatever source, recognizing that ultimately he's our provider, not the government or anything else but at the end of the day. I think you need to wrestle through that with God and income to your own conviction, but that would be my perspective is that we tied we apply the principle of the times right on the top from anything that comes in as a part of your increase in I would include Social Security and disability and that little me know were glad that you called today again so I said that I have mispronounced your name but we hope that information helps you great question Robert. You say we take a brief email or write very good. This is from let's see, this is from and she says hi Rob, I need some information about starting a savings account in a very slim budget. Can you have well we talk about savings all the time here on moneywise because it's affirmed in Scripture and it is a part of every financial plan that is going to be successful we want to be givers.

We also want to be savers and it begins without emergency fund. Your goal while you have credit card debt and just give your target is $1500. Once you eradicate your credit card debt. If you have any you want to get up to 3 to 6 months expenses.

Now how do you do that on the slim budget well. The key is to have something systematic so I want you to go back to the spending plan and give it one more run through. Make sure you look for every possible area. You can cut back within reason. Is there a subscription, you no longer need is there an automatic charge that is just there and you got used to it, but you could turn it off and free up nine dollars a month $15 month.

Whatever you can and then whatever that amount is that you can apply to your savings want you to set up an automatic transfer into a savings account that separate from your checking account so open that it either outlier capital 136 dear Marcus somewhat gives you good interest rate link it to your checking account and then set up that automatic transfer. It might be 20 or $50 a month. Whatever you can do that's going to get you in the habit of saving it's going to become automatic and it's going to build over time. Remember, our goal is to get up to 3 to 6 months expenses in your emergency savings in a separate account, then we can start to look at long-term savings.

Great information and Rob for the person who says they were were recommending that they do have a savings account even though it's a slim budget.

We also hear from people who say I don't make enough money to budget how do you respond to that while everybody makes enough money to budget for member if you're a major multimillion dollar corporation you have a budget and somebody who's living on a fixed income. They need a budget certainly and everybody in between. We all need a plan for our money or our money will have a plan for us. I promise okay and if you'd like to send a brief email to Rob send it along to questions@moneywise.org. Keep it brief questions@moneywise.org thanks so much for being with us and for listening to us today on this memorial day addition of the program you know is a not-for-profit ministry, we do depend upon the grace and generosity of listeners just like you if you'd like to join us in our mission to help Christians get out of debt. Find a balanced lifestyle and increase their generosity and giving.

Would you consider a gift to help us today. You can give quickly and safely. When you visit moneywise live.org moneywise.OGI thanks to our behind the scenes staff today. Amy Judy T and rich arousal as well. Thanks so much for listening. You have a great remainder of your holiday and the chill. Join us tomorrow will be here with a brand-new edition of moneywise