Moneywise On Oneplace.com

It's appropriate during this Easter season to reflect on the big picture of our Christian faith.  Sometimes we just have our noses to the grindstone, so to speak, and we can lose sight of why we’re here and how much God has done for us!You know, whether you’re in a season of prosperity, or facing hardships, you have to remember that God is still on the throne and that your circumstances haven’t caught Him by surprise. His plan for the redemption of humankind is still on track.The Significance of Jesus’ SacrificeOf course, on Easter Sunday, Christians everywhere will rejoice in the resurrection of Christ…who conquered death and made a way to restore our relationship with God. But sometimes in that celebration … we might forget why Jesus had to die in the first place. The fact is, humankind is completely corrupted by sin. The rebellion that stains our hearts says, “I can choose for myself what is right and wrong, I don’t need God.” God’s Word confirms our sin nature.Job 15:16 declares that man is "abominable an

What should folks consider when making this decision?People should consider the following when deciding when to take Social Security benefits:Understanding that if they take benefits before full retirement age, they will be subject to a reductionDelaying past full retirement age means receiving an annual increase of 8% called a delayed retirement creditCash flow needs if retiring and replacing incomePaying down debtIncreasing charitable givingHealth and longevity in the family (impacting how long benefits may need to last)Legacy goals and inheritance, as Social Security benefits can't typically be passed on while portfolio assets can beIncome taxes, as Social Security could be subject to tax depending on other incomeOn Today’s Program, Rob Answers Listener Questions:Should I take $15,000 from my 401k to pay for home repairs like a furnace and AC replacement?Can I deduct the value of my own labor for maintenance and repairs on a rental property that I own? If I’ve invested in companies in the past who do thing

When it comes to work ethic, there’s nobody we like better–aside from Jesus, of course–than the woman described in Proverbs 31. We don’t know her name, but her actions and attitudes are worth studying and imitating…no matter what kind of work you do.A Biblical Work Ethic From Proverbs 31First, a note about Proverbs.  It’s part of the “wisdom literature” found in the Old Testament. We refer to Proverbs a lot, since there are many nuggets of financial truth there. Proverbs 31 is the final chapter, and the description of the “woman of noble character” is written as a poem, with each line beginning with a different letter of the Hebrew alphabet.Proverbs 31:10 introduces the “woman of noble character” who is “worth more than rubies”, because she sets the standard for trustworthiness and generosity towards her husband and all those around her.  She’s also a top-notch businesswoman.Here are some of the characteristics that make the Proverbs 31 woman such a great example of a biblical work ethic.First, she “works wit

Disappointment is inevitable, but discouragement is a choice.People love to look into the future. We all have hopes, and dreams, and expectations about what we want our life to be. So, we make plans. Plans to save, serve, build a family, work, travel, learn, grow…you name it. Planning is part of what it takes to make our dreams come true. And there’s nothing wrong with planning. Planning is an important part of being a good steward of whatever God has entrusted to you.But here's the problem. Our plans don’t always succeed. Dreams fail. Expectations go unmet. And then, disappointment happens…maybe more than we want to admit.Perhaps you invested your savings…but now inflation is killing your returns.Or you worked hard to start a business, but it still isn’t making a profit.You planned for your marriage to last…only to experience an expensive divorce.Maybe you’ve been working towards that promotion…but someone else got the job.Or, you planned to have a big nest egg when you retire…but health issues have reduced

“Trust in the Lord with all your heart, and do not lean on your own understanding. In all your ways acknowledge him, and he will make straight your paths.” - Proverbs 3:5-6Why are people so worried about the economy these days?Part of the issue is concern about a number of factors, including the upcoming US election, high inflation, high interest rates, and various geopolitical issues like what's happening with China/Taiwan, Ukraine, and the Middle East.How are people dealing with this uncertainty?Uncertainty for many people leads to fear, especially for those on a fixed budget or struggling financially.Fear can cause people to become either indecisive with money or take ill-advised financial risks by forgetting whose money they are stewarding.How do you help people who are struggling with economic uncertainty? Get back to the basics and focus on the things that are within our control. Pray and ask God for insight on ways you can trust Him more in your finances.Look to Scripture for guidance, such as Deuteron

CONSIDERING THE FUTURE POST-HIGH SCHOOLRob discusses the pressure high school seniors and their parents face concerning post-secondary education and emphasizes the importance of aligning educational choices with financial realities. He stresses the goal of avoiding college debt through early savings, exploring scholarships, and considering alternatives to a four-year college, such as technical schools, online courses, and military service.Financial planning for education should begin early, incorporating discussions about affordability and scholarships.Exploring educational alternatives can provide viable paths that align with career goals and financial constraints.Completing the FAFSA is essential for all college-bound students to assess eligibility for financial aid, regardless of expected qualification. PREPARING FOR THE COLLEGE TRANSITIONTransitioning to college is a significant step for students and parents alike. Rob advises parents to discuss with their children the costs and values of education, the i

So is the one who lays up treasure for himself and is not rich toward God.”  Luke 12:21Chad Clark is Executive Director here at FaithFi, and over the last several months our team has been working on a brand new 4-week study on the Parable of the Rich Fool called Rich Toward God.  INTRODUCTION TO THE "RICH TOWARD GOD" STUDYThe "Rich Toward God '' study emerges from FaithFi’s mission to equip Christians with tools and resources for integrating faith with financial decisions, aiming to help believers see God as their ultimate treasure. The parable of the rich fool serves as an ideal starting point, prompting us to contemplate what it truly means to be "rich toward God."The study seeks to explore the integration of faith and financial decisions.It aims to inspire Christians to see God as their most valuable treasure.The parable of the rich fool is used as a foundational narrative to examine concepts of true wealth in God's eyes. EXPLORATION OF KEY THEMES IN THE STUDYThe "Rich Toward God" study delves into the his

WHAT DOES BIBLICAL HOSPITALITY LOOK LIKE IN TODAY'S CULTURE?Sharon reflects on the biblical instruction to show hospitality, emphasizing its relevance beyond traditional notions of entertaining. Hospitality is an act of generosity and kindness, extending warmth and generosity to both guests and strangers alike. This understanding encourages us to reconsider hospitality as acting as God's ambassadors.Hospitality transcends formal dining and embraces the simple, generous reception of others.It's an expression of generosity, serving as a means to fulfill our role as ambassadors for Christ.Personal experiences underscore the profound impact hospitality can have during challenging times, illustrating its power to provide support and comfort. HOW DOES 'UNREASONABLE HOSPITALITY' TRANSFORM EXPERIENCES?Drawing inspiration from Will Guidara's book "Unreasonable Hospitality," Sharon highlights how exceeding expectations in hospitality can create memorable and personalized experiences. Guidara's approach to making every

Mark Biller is Executive Editor at Sound Mind Investing, a longtime underwriter of this program. WHAT IS THE IMPORTANCE OF A RETIREMENT PLANNING CHECKLIST?Comparing retirement planning to a preflight checklist underscores the critical importance of preparation. Just as pilots meticulously ensure the safety of their flight, individuals approaching retirement need to assess various aspects of their financial life to ensure a smooth transition into retirement. This analogy highlights the need for thoroughness and attention to detail in retirement planning, especially for those within a decade of their planned retirement date.A retirement planning checklist serves as a comprehensive review to ensure all financial aspects are in order for a secure retirement.Such preparation is crucial for a safe transition to a post-paycheck lifestyle, minimizing potential financial turbulence.The checklist approach encourages individuals to address and rectify any financial concerns well before retirement, promoting peace of min

Shaun Morgan is the Director of Product Marketing at Eventide Asset Management, an underwriter of this program. IS THERE A NEED TO REBRAND "FAITH-BASED INVESTING"?Shaun Morgan discusses the ambiguous understanding of "Faith-Based Investing" among investors who consider faith important in their lives. Eventide's survey reveals that terms like "Values-Based Investing" and "Faith-Based Investing" often lead to neutral or unfamiliar responses, suggesting a gap in communication and understanding.The term "Faith-Based Investing" does not resonate strongly with many, even those who prioritize their faith.A survey indicates a general lack of awareness and understanding about investing terms related to faith and values.Neutral responses to these terms suggest a need for clearer definitions and more effective communication. WHAT INSIGHTS DID THE SURVEY PROVIDE ABOUT INVESTORS' PREFERENCES?The survey unearthed significant preferences among investors for companies aligned with their values, particularly regarding unethic

THE DANGER OF MATERIALISM AND FINDING CONTENTMENT IN GODMaterialism contradicts God's plan for His people by prioritizing the love of material things over loving God. This attitude can hinder our relationship with Him and rob us of peace. The Bible, in Ecclesiastes 2:11, warns us of the futility in pursuing material wealth, emphasizing that everything is meaningless without God. LIE #1: LIFE IS BETTER WITH MOREThis mindset leads to an endless cycle of discontentment as no amount of wealth can truly satisfy.Ecclesiastes 5:10 states that those who love money will never have enough, illustrating the emptiness of materialism.Contentment is the biblical answer to this lie, as Hebrews 13:5 urges us to be content with what we have, reminding us of God's constant presence and provision. LIE #2: YOU MUST KEEP UP WITH OTHERSThe desire to match others' possessions is a trap that leads to envy and unhappiness.Matthew 6:33 advises seeking God's kingdom first, assuring that our needs will be met when we prioritize Him over

Carolyn Calupca on the program was a long time senior producer at Crown Financial Ministries where she worked closely with Larry Burkett for many years. She’s now a frequent contributor here at Faith and Finance and the author of our new 4-week study guide, Rich Toward God: A Study on the Parable of the Rich Fool.  WHAT IS THE HISTORICAL CONTEXT OF THE PARABLE OF THE RICH FOOL?Jesus delivers this parable in 33 AD, during a time of significant political and spiritual tension in Judea under Roman rule. As Jesus moves toward Jerusalem for the last time, he attracts a large following, drawn by his authoritative teaching and miraculous deeds. Amidst his teachings on judgment and preparation, an individual interrupts to seek Jesus' mediation in a familial inheritance dispute.The setting is marked by societal unrest and anticipation for spiritual guidance.Jesus' teachings captivate thousands, highlighting his unique authority and the miracles he performs.The request for arbitration on an inheritance matter presents

THE IMPORTANCE OF A HEALTH CARE DIRECTIVE IN ESTATE PLANNINGA Health Care Directive, also recognized as a living will, Medical Directive, or Durable Health Care Power of Attorney, is an indispensable legal document outlining your medical care preferences when you're unable to communicate. It plays a critical role in estate planning, ensuring your medical and end-of-life wishes are honored. KEY COMPONENTS OF A HEALTH CARE DIRECTIVE:Understanding Its Purpose: A Health Care Directive specifies your wishes for medical treatment, end-of-life care, and the handling of your remains, eliminating uncertainty for your family during difficult times.Choosing an Agent: Select a trusted individual, whether a family member or a friend, to act on your behalf, ensuring your healthcare decisions are respected if you're incapacitated.Specifying Your Wishes: Clearly articulate your medical treatment preferences, end-of-life care, and post-mortem arrangements, providing clarity and preventing potential conflicts among family memb

SPIRITUAL BOTTOM LINE OVER FINANCIAL CONCERNS:The true "bottom line" for believers in Jesus is our identity in Christ, providing us peace and assurance that our sins are paid for, as highlighted in the hymn "Jesus paid it all." This foundational truth encourages believers to rest in God's role as protector and provider, alleviating worries about financial matters. SCRIPTURAL ENCOURAGEMENTS AGAINST WORRY:Matthew 6: Jesus teaches not to worry about material needs, emphasizing God's provision for all creation, thus underscoring our value and God's care for us over our material concerns. Numbers 23:19: Highlights God's unchangeable and trustworthy nature, contrasting human unreliability with God's steadfast promise-keeping. Romans 8:31: Reminds us of God's omnipotence and support. Nothing can stand against us when God is on our side. EXAMPLES OF GOD'S PROTECTION AND POWER:2 Kings 6: The story of Elisha and his servant illustrates God's overwhelming power and protection, revealing that divine forces always outnumb

WILL BASICS:A will is a simpler document that names an executor and beneficiaries.It must go through probate court and becomes public record, potentially delaying heirs' access to assets.Drafting a will through an estate attorney is recommended to minimize probate delays, typically costing around $500. TRUST BASICS:Trusts manage assets both before and after death, bypassing probate and keeping transactions private.Types include revocable (living) and irrevocable trusts, with the former being alterable during the grantor's lifetime.Trusts can designate a successor trustee to manage assets if the grantor becomes incapacitated, ensuring continuity and privacy. KEY REASONS FOR A WILL:Designating a guardian for minor children to avoid court-appointed guardianships.Disinheriting individuals or managing how minors receive assets.A will only takes effect after death, whereas a trust operates both during the grantor's life and after. ADVANTAGES OF A TRUST:Avoids probate, keeping estate management private and efficient

LLC, or Limited Liability Company. This business structure protects you from personal responsibility for the company’s debts or liabilities. An LLC gives you protection from debt collectors and lawsuits involving the company, just as a corporation would. But unlike a corporation, the LLC allows what’s called “flow through” for tax purposes. The LLC doesn’t pay corporate income taxes. The company’s profits and losses (or deductions) are passed on to the members of the LLC. With an LLC it’s easier to set up than a corporation . An LLC may have to be dissolved if a member dies or files for bankruptcy. The ownership or equity stake of an LLC cannot be publicly traded. But for many folks starting a business, forming an LLC is a great way to get started.C-corp … the C-corp is different from LLC as it does not allow a “flow through” treatment of profits and losses for tax purposes. A C-corp is subject to corporate income taxation. A C-corp requires you to hold annual meetings and have a board of directors that’s vot

PLANNING FOR THE FUTURE AND ESTATE PLANNINGProverbs 13:16 highlights the importance of acting with knowledge in all aspects of life, including the preparation for inevitable events like death. This preparation involves legal, financial, and personal readiness to ensure your wishes are honored and your loved ones are cared for. IMPORTANCE OF UPDATED WILLS AND DIRECTIVESHaving updated wills is critical to ensure your wishes are followed after your death, with legal powers of attorney and health care directives being equally important.An estate attorney is necessary to prepare these documents, representing an essential investment in your family's future well-being. PREPARING FOR YOUR MEMORIAL SERVICE OR FUNERALOrganizing instructions for your memorial service or funeral is a considerate way to help your family and friends start the grieving process, ensuring your wishes are respected. CREATING ESSENTIAL LISTSCompile a list of all your financial accounts, including bank accounts, investments, credit cards, mortga

WHAT DOES IT MEAN TO LIVE A CHRISTIAN LIFESTYLE WITH REGARDS TO MONEY?Living a Christian lifestyle with money involves having the right attitude towards it, regardless of the amount one possesses. This perspective transcends the amount of wealth and focuses on the heart and obedience to God's principles on financial management.It's about the attitude and obedience rather than the amount of wealth.Lifestyle controversies often stem from misunderstandings of biblical teachings on wealth.True obedience involves aligning one's financial decisions and lifestyle with biblical convictions. HOW CAN WE INTERPRET THE BIBLICAL RANGE OF WEALTH AND POVERTY?The Bible presents a wide spectrum of financial statuses among believers, from extreme wealth to significant poverty. Key lessons from these narratives emphasize the believers' heart posture and faithfulness in stewardship, rather than the material wealth itself.Scripture showcases both wealthy individuals and those living in poverty, focusing on their faithfulness and

Matt Syverson is a Certified Financial Planner and Certified Kingdom Advisor in Overland Park, Kansas. He’s also a specialist in helping families understand and set up ABLE accounts.  WHAT ARE ABLE ACCOUNTS AND HOW DO THEY COMPARE TO 529 EDUCATION SAVINGS ACCOUNTS?ABLE accounts, akin to 529 education savings accounts in terms of contributions and tax treatments, are designed to assist individuals with disabilities by allowing for the accumulation of resources without affecting their eligibility for government assistance.ABLE accounts, initially referred to as 529A plans, are intended for individuals with disabilities, allowing them to save beyond the typical asset limits set by government assistance programs.These accounts enable the saving of funds for a broad range of needs beyond just educational expenses, providing a more flexible financial support system for people with disabilities. WHO IS ELIGIBLE FOR AN ABLE ACCOUNT, AND WHAT ARE THE CONTRIBUTION LIMITS?ABLE accounts are specifically for individuals r

1 Corinthians 10:31: “So, whether you eat or drink, or whatever you do, do all to the glory of God.” Chad Horning is the president of Praxis Mutual Funds, an underwriter of this program and one of the oldest faith-based mutual funds in the country.  WHAT DOES "FAITH BASED INVESTING" MEAN TO PRAXIS?At Praxis, Faith Based Investing is all about letting your faith guide your investment decisions. It's not just about smart money moves; it's about aligning those moves with your Christian principles. This approach is key for those looking to ensure their investments reflect their values.The idea here is to let your faith lead the way in how you invest.Praxis champions the integration of faith and finances, aiming for your investments to mirror your values.Essentially, the goal is to align your investments with your Christian values seamlessly. HOW HAS FAITH BASED INVESTING EVOLVED OVER 30 YEARS?Initially, it focused on avoiding investments in industries that conflicted with Christian ethics. Now, it's grown to incl