To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Colossians 2:8 warns,See to it that no one takes you captive by philosophy and empty deceit, according to human tradition, according to the elemental spirits of the world, and not according to Christ. Our view of the world shapes our lives, especially how we manage money. We talk about that today with Paul David Tripp.

Money problems aren’t actually money problems, they’reheartproblems.

Money can define how you think about who you really are.

Where does your use of money expose your need for a heart change? Beware of taking your money life into your own hands. And how has your money life been shaped by the blessing of knowing that you’re one of God’s saints?

If the rules of a budget could solve your money problems then Jesus would never have had to come. His cross teaches us that something is broken, that understanding must come before solving any money problems.

Remember: it’s all aboutHisglory, not yours.

Don’t let money become an idolthis distorts that way we live. We are to live for God’s kingdom.

The purpose of your money is so that you can be part of God’s grand generosity agenda. Giving to others is more important than providing for our own needs.

Generosity is actually the good life. Keeping it all and spending it all on ourselves is not the thriving life,givingis.

On today’s program we also answer a couple of your questions:

I’m retiring soon and have $26,000 in a credit union. But I’m thinking there has to be a better place to earn more money. Are online banks better?

What is titlelockinsurance? Is this similar to title insurance?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

Proverbs 23 warns,Do not toil to acquire wealth; when your eyes light on it, it is gone, for suddenly it sprouts wings, flying like an eagle toward heaven.From risky investments in cryptocurrency to buying lottery tickets in the 45 states that offer them, society is obsessed with acquiring wealth. Today on MoneyWise, we’ll talk about 6 reasons notto get rich.

First, some people want to get rich simply because they’re told toby friends, family or our society in general that glorifies money.

The second reason not to get rich is envy. Envious or jealous people see the opulent lifestyle of others and lust for it.

The third reason is looking at wealth accumulation as a game, like it’s a winner-take-all contest (often at the expense of family, friends or business associates).

The fourth reason not to get rich is for self-esteem. Society promotes the misguided belief that money makes you better than others by glamorizing the wealthy.

Number five: the love of money. These poor souls hoard wealth because they love it and won’t part with it for any reason. Losing just a bit of it is a disaster for them.

Our sixth and final reason not to get rich is for protection against any and all adversities in the world. Here we see a lack of faith in God to provide, putting faith in money instead.

On today’s program we also take your calls:

I’m 65 and most of my investments are in annuities. When should I start withdrawing? Should I keep it in my annuities? What are the pros and cons?

I need a lot of money to pay for repairs for damage done on a re-roofing process. What do you think about a HELOC for this?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

Proverbs 23 warns,Do not toil to acquire wealth; when your eyes light on it, it is gone, for suddenly it sprouts wings, flying like an eagle toward heaven.From risky investments in cryptocurrency to buying lottery tickets in the 45 states that offer them, society is obsessed with acquiring wealth. Today on MoneyWise, we’ll talk about 6 reasons notto get rich.

First, some people want to get rich simply because they’re told toby friends, family or our society in general that glorifies money.

The second reason not to get rich is envy. Envious or jealous people see the opulent lifestyle of others and lust for it.

The third reason is looking at wealth accumulation as a game, like it’s a winner-take-all contest (often at the expense of family, friends or business associates).

The fourth reason not to get rich is for self-esteem. Society promotes the misguided belief that money makes you better than others by glamorizing the wealthy.

Number five: the love of money. These poor souls hoard wealth because they love it and won’t part with it for any reason. Losing just a bit of it is a disaster for them.

Our sixth and final reason not to get rich is for protection against any and all adversities in the world. Here we see a lack of faith in God to provide, putting faith in money instead.

On today’s program we also take your calls:

I’m 65 and most of my investments are in annuities. When should I start withdrawing? Should I keep it in my annuities? What are the pros and cons?

I need a lot of money to pay for repairs for damage done on a re-roofing process. What do you think about a HELOC for this?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

The COVID crisis and resulting shutdowns have at least one silver lining: more people are living on a budget these days. As work hours shrank, folks found they needed a spending plan to stretch their precious dollars. We’ll talk about that today and why some people still aren’t budgeting.

The folks atdebt.comrecently surveyed a 1,000 Americans and found that 80% of them were living on a budget since the pandemic started. That’s up from 68%.

1 out of 5 people stillaren’t living on a budget. So, they're not motivated to do it. The solution is simply more education.

People are afraid a budget will be like wearing chains and will make them miserable.

Folks who stick it out and stay on a budget find it liberating. For example, they feel better about spending money for a vacation because they've planned and saved for it.

Some people don’t think they make enough to justify budgeting. But the less you make the more you need to budget.

Everything we make goes right back out the door to pay bills, so there’s no point in budgeting. However, that might be true only for a minority of people living near the poverty level.

Start by tracking your spending. Write down everything you spend for at least a month so you can see where your money’s going. Then you need to make categories for your spending like for groceries, gas, clothing, rent or mortgage, and utilities.

Add up your total monthly income. Subtract your obligationsthe total of all your categoriesfrom your income. Then you’ll see how much you have in discretionary funds.

More people are budgeting these days. Make sure you’re one of them.

On today’s program we also answer a few of your questions:

I have a sizable 401(k) that I’d like to help my parents with. Should I do this?

What do you know about trusts and who should have them?

One of my credit cards was hacked! I got about $3,100 in fraudulent charges put on it. Can the merchants take any action against me and could this affect my credit rating?

I have two deferred annuities. Do you have any suggestions for low-load funds?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

The COVID crisis and resulting shutdowns have at least one silver lining: more people are living on a budget these days. As work hours shrank, folks found they needed a spending plan to stretch their precious dollars. We’ll talk about that today and why some people still aren’t budgeting.

The folks atdebt.comrecently surveyed a 1,000 Americans and found that 80% of them were living on a budget since the pandemic started. That’s up from 68%.

1 out of 5 people stillaren’t living on a budget. So, they're not motivated to do it. The solution is simply more education.

People are afraid a budget will be like wearing chains and will make them miserable.

Folks who stick it out and stay on a budget find it liberating. For example, they feel better about spending money for a vacation because they've planned and saved for it.

Some people don’t think they make enough to justify budgeting. But the less you make the more you need to budget.

Everything we make goes right back out the door to pay bills, so there’s no point in budgeting. However, that might be true only for a minority of people living near the poverty level.

Start by tracking your spending. Write down everything you spend for at least a month so you can see where your money’s going. Then you need to make categories for your spending like for groceries, gas, clothing, rent or mortgage, and utilities.

Add up your total monthly income. Subtract your obligationsthe total of all your categoriesfrom your income. Then you’ll see how much you have in discretionary funds.

More people are budgeting these days. Make sure you’re one of them.

On today’s program we also answer a few of your questions:

I have a sizable 401(k) that I’d like to help my parents with. Should I do this?

What do you know about trusts and who should have them?

One of my credit cards was hacked! I got about $3,100 in fraudulent charges put on it. Can the merchants take any action against me and could this affect my credit rating?

I have two deferred annuities. Do you have any suggestions for low-load funds?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

What’s the difference between a golf ball and your tired old car that needs a few thousand dollars in repairs? You can still drive a golf ball 200 yards! Today on MoneyWise, Rob West answers the question of how to know when it’s time to pay for repairs or replace your car.

If you’ve tried to buy a used car recently, you probably noticed the high prices. Why are they high? Demand for cars has risen while the supply of new cars has fallen. People who might normally buy new cars aren’t able to find them, which leads them to buying dependable used cars. This increased demand in used cars has caused prices to rise. Rob mentioned some of the reasons the new car supply has fallen:

There is a computer chip shortage, due to a fire at a factory in Japan. This caused a worldwide shortage of chips used to regulate modern vehicle engines and transmissions. No new chips mean no new cars.

Auto manufacturing plants are having a difficult time keeping their workforce up due to the COVID-19 pandemic. This further decreases production.

Secondary manufactures are dealing with the same issues, creating a shortage of the thousands of parts needed to assemble cars. Some automakers have ceased operations temporarily.

Vehicle wholesaler Manheim, which also monitors and scores used car values, said they’re the highest they’ve ever been. The upward trend in used car values has started to level out just a bit, but prices are still way above last year’s numbers.

Cars.com says used-car prices are still going up, but the rate of climb in prices has started to taper off in recent months. Their used car median listing price in August was $24,000, up almost 35% from last year.

So does all of this mean you should wait until used vehicle prices get back to what we remember as normal? That depends on how much life is left in the vehicle you’re trying to replace.

Experts who’ve been monitoring the chip shortage and other supply chain problems say it will take time for new car inventories to increase. That means used car prices won’t drop anytime soon.

So in this inflated market, how do you know if it’s worth it to repair your current vehicle? Consumer expert Clark Howard recently tackled that question. He suggests:

If the repairs cost less than half of the car’s value, go ahead and have the work done.

If the repairs cost between half and the full value of the car, have the work done only if that means you’ll get another year out of the vehicle.

Bottom line, if you can afford to wait until prices decline you’ll more than likely come out ahead.

Next, Rob answered a few listener questions including the following:

I received a $14,000 settlement due to an injury. Do I tithe on the whole amount or on the amount after expenses?

I have around $170,000 in debt including a mortgage, auto loan and credit card. We have enough to pay off these debts with around $65,000 left over. Should we pay them off all at once with our savings or take them on one at a time?

Do savings accounts have a Payable on Death feature allowing me to designate a beneficiary for that account so that it avoids probate?

I’m getting married soon, what is a good place to start as a married couple to be good stewards of God’s money?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them to [email protected]. Also, visit our website at MoneyWise.org where you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

What’s the difference between a golf ball and your tired old car that needs a few thousand dollars in repairs? You can still drive a golf ball 200 yards! Today on MoneyWise, Rob West answers the question of how to know when it’s time to pay for repairs or replace your car.

If you’ve tried to buy a used car recently, you probably noticed the high prices. Why are they high? Demand for cars has risen while the supply of new cars has fallen. People who might normally buy new cars aren’t able to find them, which leads them to buying dependable used cars. This increased demand in used cars has caused prices to rise. Rob mentioned some of the reasons the new car supply has fallen:

There is a computer chip shortage, due to a fire at a factory in Japan. This caused a worldwide shortage of chips used to regulate modern vehicle engines and transmissions. No new chips mean no new cars.

Auto manufacturing plants are having a difficult time keeping their workforce up due to the COVID-19 pandemic. This further decreases production.

Secondary manufactures are dealing with the same issues, creating a shortage of the thousands of parts needed to assemble cars. Some automakers have ceased operations temporarily.

Vehicle wholesaler Manheim, which also monitors and scores used car values, said they’re the highest they’ve ever been. The upward trend in used car values has started to level out just a bit, but prices are still way above last year’s numbers.

Cars.com says used-car prices are still going up, but the rate of climb in prices has started to taper off in recent months. Their used car median listing price in August was $24,000, up almost 35% from last year.

So does all of this mean you should wait until used vehicle prices get back to what we remember as normal? That depends on how much life is left in the vehicle you’re trying to replace.

Experts who’ve been monitoring the chip shortage and other supply chain problems say it will take time for new car inventories to increase. That means used car prices won’t drop anytime soon.

So in this inflated market, how do you know if it’s worth it to repair your current vehicle? Consumer expert Clark Howard recently tackled that question. He suggests:

If the repairs cost less than half of the car’s value, go ahead and have the work done.

If the repairs cost between half and the full value of the car, have the work done only if that means you’ll get another year out of the vehicle.

Bottom line, if you can afford to wait until prices decline you’ll more than likely come out ahead.

Next, Rob answered a few listener questions including the following:

I received a $14,000 settlement due to an injury. Do I tithe on the whole amount or on the amount after expenses?

I have around $170,000 in debt including a mortgage, auto loan and credit card. We have enough to pay off these debts with around $65,000 left over. Should we pay them off all at once with our savings or take them on one at a time?

Do savings accounts have a Payable on Death feature allowing me to designate a beneficiary for that account so that it avoids probate?

I’m getting married soon, what is a good place to start as a married couple to be good stewards of God’s money?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them to [email protected]. Also, visit our website at MoneyWise.org where you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

The world’s been at war with God’s Kingdom since The Fall. The newest battleground is investing. Do you know which side you’re on?Too many Christians are unintentionally funding the other side. Today we’ll talk with Robert Netzly about the realigning your portfolio to do Kingdom work, specifically in the area of abortion.

Robert’s the CEO of Inspire Investing.Think of them as our intelligence unit for keeping track of what the other side is up to and helping us plan strategies for winning the war of values-based investing.

The Texas Heartbeat bill bans abortions as early as 6 weeks, greatly thwarting abortionists. Inspire Investing’s intent is to make this known to investors.

There are other, more effective ways to make your voice heard than by merely decided not to do commerce with pro-abortion businesses. These companies have to know why.

As a faith-based investor, reach out and engage companies as a shareholder. Inspire Investing does a lot of shareholder engagement in this area and offers the ability to search your mutual funds or ticker symbols of your stocks so as to see if there’s exposure to the abortion industry.

Finally, know what you own since you’re a steward of what God’s given you. Take this seriously. You can then take steps to either sell in favor of products that are more in line with Biblical values. There may be companies in your portfolio supporting abortion and you may not even be aware of it.

On today’s program we also answer a couple of your questions:

I’ve never applied for a business credit card. How do I get one with the best rates?

We have an opportunity to improve our loan interest rate by a full point. My husband and I want to reduce our mortgage from a 30-year to a 20. We plan to stay in this home for at least 5 more years. What do you suggest?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

The world’s been at war with God’s Kingdom since The Fall. The newest battleground is investing. Do you know which side you’re on?Too many Christians are unintentionally funding the other side. Today we’ll talk with Robert Netzly about the realigning your portfolio to do Kingdom work, specifically in the area of abortion.

Robert’s the CEO of Inspire Investing.Think of them as our intelligence unit for keeping track of what the other side is up to and helping us plan strategies for winning the war of values-based investing.

The Texas Heartbeat bill bans abortions as early as 6 weeks, greatly thwarting abortionists. Inspire Investing’s intent is to make this known to investors.

There are other, more effective ways to make your voice heard than by merely decided not to do commerce with pro-abortion businesses. These companies have to know why.

As a faith-based investor, reach out and engage companies as a shareholder. Inspire Investing does a lot of shareholder engagement in this area and offers the ability to search your mutual funds or ticker symbols of your stocks so as to see if there’s exposure to the abortion industry.

Finally, know what you own since you’re a steward of what God’s given you. Take this seriously. You can then take steps to either sell in favor of products that are more in line with Biblical values. There may be companies in your portfolio supporting abortion and you may not even be aware of it.

On today’s program we also answer a couple of your questions:

I’ve never applied for a business credit card. How do I get one with the best rates?

We have an opportunity to improve our loan interest rate by a full point. My husband and I want to reduce our mortgage from a 30-year to a 20. We plan to stay in this home for at least 5 more years. What do you suggest?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them [email protected]. Also, visit our website atMoneyWise.orgwhere you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and Follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

Are we at the end of a bull market? Are we about to see the bears set loose on Wall Street? No one knows for sure, but you can prepare. Today, Rob West welcomes investing expert and executive editor at Sound Mind Investing, Mark Biller to discuss an article in the SMI Newsletter, Beginning of the End, or Business as Usual? First, some definitions:

A bull market is defined as a market in which share prices are rising, which encourages buying.

A bear market is defined as a market in which share prices are falling, which encourages selling.

The SMI article talks about short-term market observations, and Mark says some basic investing ground rules are in order.

A person should only have money invested in the stock market if they can afford to leave it invested for at least five years.

Keep a long-term perspective in mind rather than looking for short-term gains. Short-term outlooks are often wrong.

Mark says not to abandon your long-term plan or let the rising bearishness scare you out of the market.

Rob asked why investors have been so pessimistic lately. Here are some factors that explain why.

Investors see how far this market has run since the March 2020 lows. Basically, stocks have doubled over the last 18 months, and the last -10% correction was a full year ago.

Politically speaking, the debt ceiling is an issue along with the massive infrastructure bill squabble that is going on.

The Federal government has started tapering off monthly bond purchases. While at the same time the aggressive government support for the past 18 months is dwindling as extended unemployment benefits, eviction moratoriums and other things have expired.

Inflation is an ongoing issue

Job growth is low, despite businesses being desperate for workers.

All of this combines to make for a very uncertain environment for economic growth as we head toward next year. Investors are always looking ahead and right now a lot of them are nervous about what they see.

Rob and Mark discussed whether we should be concerned about the current state of affairs. Mark stated that this is why time frames become so important. He also reminded listeners that whenever investors collectively rush to one side of the boat, the boat tends to tip back the other way to balance things out. Of course, none of this is any guarantee the market won't start sliding into a bear market tomorrow, but Mark reiterated his point to be patient, to avoid doing something irrational, and to stick with your long-term plans.

You can find the SMI article here:

https://soundmindinvesting.com/articles/view/beginning-of-the-end-or-business-as-usual

Next, Rob answered a few listener questions including the following:

I’m 71 years old and have a will in place. I’ve also been told that I need to have a trust. Do I need to have both, or just one of them?

I’m looking into getting my first credit card. Is there an advantage of going through my bank where I currently have accounts?

Remember, you can call in to ask your questions 24/7 at (800) 525-7000 or email them to [email protected]. Also, visit our website at MoneyWise.org where you can listen to past programs, connect with a MoneyWise Coach, and even download free, helpful resources like the free MoneyWise app.

Like and follow us on Facebook at MoneyWise Media for the very latest discussion! And remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab on our website or in our app.

To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29