As the saying goes, To err is human. Everybody makes mistakes, some are big, some are small. But to really mess things up you need a credit card! Misusing that little piece of plastic is one of the easiest ways to create financial turmoil in your life by going into debt and trashing your credit along the way. Today, Kingdom Advisors President explains how that happens.

(1) Letting yourself be pressured into getting a credit card if you don’t already have one. This often happens in department stores where the sales staff offers you a discount on your purchase if you sign up for the store’s credit card.

(2) Spending more than you can afford. A credit card is not free money. It’s a loan, and usually at high interest. A pizza could end up costing you hundreds of dollars if you carry the charge on your account for months or even years.

(3) Opening several credit accounts in a short period of time. This will lower your credit score and will make borrowing more expensive.

(4) Maxing out your credit cards. Whenever you carry a balance on a card that’s more than 30% of your available credit it lowers your score.

(5) Not paying your bills on time. Late payments will go on your credit report, lower your credit score, and will cost you late fees.

(6) Applying for another credit card if you already have a balance on one. Larry Burkett used to say, Go ahead and use a credit card. But the first month you don’t pay off the balance in full chop it up.

(7) Ignoring the warning signs of debt. Those signs are paying only the minimum, getting cash advances on your credit card, paying late, and using your credit card for living expenses. Anyoneof those will get you into trouble.

(8) Giving out your credit card number if you haven’t initiated the transaction. Scam artists use any number of tricks to get you to do that. They’ll say they’re with the IRS or the Social Security Administration. They usually threaten you with jail or the loss of benefits unless you make a payment over the phone with a credit card. Those agencies will never do that, so don’t fall for it.

Here are some questions we answered from our callers on today’s program:

I bought a classic car in rough shape but restored it only to sell it later. However, I didn’t recover all my money. Can I deduct anything from my taxes?

You warn against trying to time the market. But is it ever appropriate to take some funds or investments that have gained and move that over into something safer so as to lock in those gains?

Is it OK to have building wealth as our goal?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!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 at the top of the page.

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

As the saying goes, To err is human. Everybody makes mistakes, some are big, some are small. But to really mess things up you need a credit card! Misusing that little piece of plastic is one of the easiest ways to create financial turmoil in your life by going into debt and trashing your credit along the way. Today, Kingdom Advisors President explains how that happens.

(1) Letting yourself be pressured into getting a credit card if you dont already have one. This often happens in department stores where the sales staff offers you a discount on your purchase if you sign up for the stores credit card.

(2) Spending more than you can afford. A credit card is not free money. Its a loan, and usually at high interest. A pizza could end up costing you hundreds of dollars if you carry the charge on your account for months or even years.

(3) Opening several credit accounts in a short period of time. This will lower your credit score and will make borrowing more expensive.

(4) Maxing out your credit cards. Whenever you carry a balance on a card thats more than 30% of your available credit it lowers your score.

(5) Not paying your bills on time. Late payments will go on your credit report, lower your credit score, and will cost you late fees.

(6) Applying for another credit card if you already have a balance on one. Larry Burkett used to say, Go ahead and use a credit card. But the first month you dont pay off the balance in full chop it up.

(7) Ignoring the warning signs of debt. Those signs are paying only the minimum, getting cash advances on your credit card, paying late, and using your credit card for living expenses. Anyoneof those will get you into trouble.

(8) Giving out your credit card number if you havent initiated the transaction. Scam artists use any number of tricks to get you to do that. Theyll say theyre with the IRS or the Social Security Administration. They usually threaten you with jail or the loss of benefits unless you make a payment over the phone with a credit card. Those agencies will never do that, so dont fall for it.

Here are some questions we answered from our callers on todays program:

I bought a classic car in rough shape but restored it only to sell it later. However, I didnt recover all my money. Can I deduct anything from my taxes?

You warn against trying to time the market. But is it ever appropriate to take some funds or investments that have gained and move that over into something safer so as to lock in those gains?

Is it OK to have building wealth as our goal?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

You can acquire money by many different ways: hard work, through an inheritance, and by investing. But is all investing for profit created equal? Not according to the Bible. The Bible says there are two kinds of profit: ill-gotten and well-gotten gain. How can you tell the difference? MoneyWise host Rob West talks with investing expert Jason Myhre to find out.

How many us even have a category for bad profit? Bad profit almost seems like an oxymoron, two words that don’t go together.

Proverbs 1 opens up on a conversation between a wise father and his son. The father says to his son that there will be times when we’ll be presented with the chance to profit at the expense of others.

At a very basic level, investing is just one of the ways we can get money in this life. And from that perspective, there are a wealth of passages that can help us think about investing from a Christian perspective.

Where are our profits coming from? What are the sources? What are the business activities that are generating these profits? From a Christian perspective, do we feel good about how and where this money is coming from?

Every dollar that flows into our wallets and into our IRAs and 401(k)s has a story behind it. God’s word encourages us to think about these stories of how the dollars come into our hands. So, it’s not just about many dollars we’re able to accumulate or even what good things we could do with the money.

Many of us are investing in mutual funds or exchange-traded funds and we have no idea what companies we own. The average Christian whose retirement program is in mutual funds or stocks managed by others has no clue where God’s money is actually going.

But faith-based investing is an approach to provide investment vehicles to Christian investors whose returns do not flow from bad profit areas.

Here are a couple of questions we answered from our callers on today’s program:

I have a sizable annuity. Should we pay off our house with it?

Is there a service that can automatically deduct money from my paycheck to put into a savings plan?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!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 at the top of the page.

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

You can acquire money by many different ways: hard work, through an inheritance, and by investing. But is all investing for profit created equal? Not according to the Bible. The Bible says there are two kinds of profit: ill-gotten and well-gotten gain. How can you tell the difference? MoneyWise host Rob West talks with investing expert Jason Myhre to find out.

How many us even have a category for bad profit? Bad profit almost seems like an oxymoron, two words that dont go together.

Proverbs 1 opens up on a conversation between a wise father and his son. The father says to his son that there will be times when well be presented with the chance to profit at the expense of others.

At a very basic level, investing is just one of the ways we can get money in this life. And from that perspective, there are a wealth of passages that can help us think about investing from a Christian perspective.

Where are our profits coming from? What are the sources? What are the business activities that are generating these profits? From a Christian perspective, do we feel good about how and where this money is coming from?

Every dollar that flows into our wallets and into our IRAs and 401(k)s has a story behind it. Gods word encourages us to think about these stories of how the dollars come into our hands. So, its not just about many dollars were able to accumulate or even what good things we could do with the money.

Many of us are investing in mutual funds or exchange-traded funds and we have no idea what companies we own. The average Christian whose retirement program is in mutual funds or stocks managed by others has no clue where Gods money is actually going.

But faith-based investing is an approach to provide investment vehicles to Christian investors whose returns do not flow from bad profit areas.

Here are a couple of questions we answered from our callers on todays program:

I have a sizable annuity. Should we pay off our house with it?

Is there a service that can automatically deduct money from my paycheck to put into a savings plan?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

Parents naturally want the best for their children, to see them grow up into adults who are prepared for all the world throws at them. Teaching them to manage money wisely is truly a gift that keeps on giving. Proverbs 22 tells us, Train up a child in the way he should go, even when he is old he will not depart from it. Our host Rob West is joined today by Compass: Finances God’s Way founder Howard Dayton to give us some pointers. Then it’s your calls and questions at 800-525-7000.

Become M-V-P parents. M stands for MODEL. Your kids need to see YOU handling money God’s way. What you DO will have by far the biggest impact whether it is your giving, or using a spending plan, or spending wisely, or working to get out of debt, or saving, or working hard all those will profoundly influence your children for the rest of their lives

The V in M-V-P stands for verbally communicating the appropriate financial truths from God’s word. Yes, they need to see us handling money God’s way, but they also need to hear that it’s based on the Bible.

The P stands for parents to provide Practical opportunities for them to apply what they’ve seen us do and heard us say. Naturally the opportunities need to be designed for their age.

Luke 16:10. It says:He who is faithful in a very little thing is faithful also in much. As children prove faithful with small responsibilities, they’re prepared to assume bigger ones.

As soon as children are ready for school, they should receive an income to manage. Parents need to decide whether the income must be earned or given as an allowance.

When young use a Simple system of three jars: Give, Save, and Spend. Children distribute a portion of their income into each jar. Even a child knows that when the jar’s empty, no more money to spend.

To teach children about investing, start as soon as children receive an income using the three jar system. Later, open a savings account in the child’s name. As they grow, teach them the benefits of compounding. Start them saving for a toy, then move on to longer term saving for a car education.

We have a responsibility to train children in the value and dignity of work. Consider these four areas in this training. 1) Learning routine responsibilities. 2) Expose your children to your work. 3) Earning extra money at home. 4) Working for others

Here are some questions we answered from our callers on today’s program:

Would it be smarter to put money in stocks/bonds or paying down my mortgage payment?

How do financial advisors make money?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!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 at the top of the page.

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

Parents naturally want the best for their children, to see them grow up into adults who are prepared for all the world throws at them. Teaching them to manage money wisely is truly a gift that keeps on giving. Proverbs 22 tells us, Train up a child in the way he should go, even when he is old he will not depart from it. Our host Rob West is joined today by Compass: Finances Gods Way founder Howard Dayton to give us some pointers. Then its your calls and questions at 800-525-7000.

Become M-V-P parents. M stands for MODEL. Your kids need to see YOU handling money Gods way. What you DO will have by far the biggest impact whether it is your giving, or using a spending plan, or spending wisely, or working to get out of debt, or saving, or working hard all those will profoundly influence your children for the rest of their lives

The V in M-V-P stands for verbally communicating the appropriate financial truths from Gods word. Yes, they need to see us handling money Gods way, but they also need to hear that its based on the Bible.

The P stands for parents to provide Practical opportunities for them to apply what theyve seen us do and heard us say. Naturally the opportunities need to be designed for their age.

Luke 16:10. It says:He who is faithful in a very little thing is faithful also in much. As children prove faithful with small responsibilities, theyre prepared to assume bigger ones.

As soon as children are ready for school, they should receive an income to manage. Parents need to decide whether the income must be earned or given as an allowance.

When young use a Simple system of three jars: Give, Save, and Spend. Children distribute a portion of their income into each jar. Even a child knows that when the jars empty, no more money to spend.

To teach children about investing, start as soon as children receive an income using the three jar system. Later, open a savings account in the childs name. As they grow, teach them the benefits of compounding. Start them saving for a toy, then move on to longer term saving for a car education.

We have a responsibility to train children in the value and dignity of work. Consider these four areas in this training. 1) Learning routine responsibilities. 2) Expose your children to your work. 3) Earning extra money at home. 4) Working for others

Here are some questions we answered from our callers on todays program:

Would it be smarter to put money in stocks/bonds or paying down my mortgage payment?

How do financial advisors make money?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

And my God will supply every need of yours according to his riches in glory in Christ Jesus. Philippians 4:19 states plainly that God will provide. But too often that promise is twisted to mean something else entirely. Does God promise to meet our needs or to make us healthy and wealthy according to our faith? Kingdom Advisors President Rob West answers those questions and more.

It’s often called the health and wealth gospel or the Word of Faith movement. But the prosperity gospel is an aberration of orthodox Christian theology. It claims that God will reward you with material wealth and physical health according to your faith. God’s Word never promises material reward.

This theological aberration also states that Christ died not just to remove our sin but also to remove poverty and sickness.

Pray for discernment while studying God’s Word. Once you’re certain there’s false teaching in your church you can take your concerns to your pastor or church leadership as Jesus outlines in Matthew 18.

Professor David W. Jones at Southeastern Baptist Theological Seminary says there are at least five major errors in the prosperity gospel: (1) The Abrahamic covenant that we inherited through Christ is a means to material entitlement. (2) Jesus’ atonement takes away not only sin, but also the sin of material poverty. The Bible never says that poverty is a sinora virtue. (3) Christians give in order to gain material compensation from God. No, we should give because we’re called to be generous, and that out of gratitude for what we’ve already received: salvation. (4) Faith is a self-generated spiritual force that leads to prosperity. (5) Prayer is a tool that unlocks God’s hands togrant prosperity.

If the prosperity gospel were true, we wouldn’t need grace, and God would be irrelevant. Man becomes be the measure of all things and God becomes a cosmic ATM machine that gives us money or health whenever we demand it.

This heretical teaching may have started in the United States, but it certainly hasn’t been contained here. Not surprisingly, it seems to spread faster in areas with great poverty. It’s really taken hold in Africa, South America, and other areas where people struggle to make a living or with chronic disease.

Here are some questions we answered from our callers on today’s program:

I want to pay off my daughter’s student loan and have her pay us back. Is that a good idea?

When should get a new car or should I get a used one instead?

What do you think about joining a memorial society to save money on funeral expenses? Is this still a good idea?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!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 at the top of the page.

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

And my God will supply every need of yours according to his riches in glory in Christ Jesus. Philippians 4:19 states plainly that God will provide. But too often that promise is twisted to mean something else entirely. Does God promise to meet our needs or to make us healthy and wealthy according to our faith? Kingdom Advisors President Rob West answers those questions and more.

Its often called the health and wealth gospel or the Word of Faith movement. But the prosperity gospel is an aberration of orthodox Christian theology. It claims that God will reward you with material wealth and physical health according to your faith. Gods Word never promises material reward.

This theological aberration also states that Christ died not just to remove our sin but also to remove poverty and sickness.

Pray for discernment while studying Gods Word. Once youre certain theres false teaching in your church you can take your concerns to your pastor or church leadership as Jesus outlines in Matthew 18.

Professor David W. Jones at Southeastern Baptist Theological Seminary says there are at least five major errors in the prosperity gospel: (1) The Abrahamic covenant that we inherited through Christ is a means to material entitlement. (2) Jesus atonement takes away not only sin, but also the sin of material poverty. The Bible never says that poverty is a sinora virtue. (3) Christians give in order to gain material compensation from God. No, we should give because were called to be generous, and that out of gratitude for what weve already received: salvation. (4) Faith is a self-generated spiritual force that leads to prosperity. (5) Prayer is a tool that unlocks Gods hands togrant prosperity.

If the prosperity gospel were true, we wouldnt need grace, and God would be irrelevant. Man becomes be the measure of all things and God becomes a cosmic ATM machine that gives us money or health whenever we demand it.

This heretical teaching may have started in the United States, but it certainly hasnt been contained here. Not surprisingly, it seems to spread faster in areas with great poverty. Its really taken hold in Africa, South America, and other areas where people struggle to make a living or with chronic disease.

Here are some questions we answered from our callers on todays program:

I want to pay off my daughters student loan and have her pay us back. Is that a good idea?

When should get a new car or should I get a used one instead?

What do you think about joining a memorial society to save money on funeral expenses? Is this still a good idea?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

The coronavirus pandemic put millions of Americans in financial turmoil due to lost income. Many lenders have offered forbearance options, but what happens when they end?If you were allowed to delay payments to your creditors those grace periods won’t last forever and some may have already ended. Today, host Rob West explores how to prepare with Neile Simon of Christian Credit Counselors.Neile Simon is the director of Strategic Partnerships at Christian Credit Counselors, where they’ve been helping people cope with the devastating financial impact of COVID-19.Then it’s your calls and questions at 800-525-7000.

Neile gives her view of what she has seen on the front lines of the battle against the financial implications of the pandemic.

They discuss forbearance programs and how they have been helping people all over the country, however most mortgage forbearance programs only last 3 months, credit card companies grace periods on minimum payments and late fees have ranged from 1-3 months. Student Loan forbearance programs will end September 31st.

Neile offers advice on what people should do if they think their forbearance is ending. She talks about overhauling your budget, determine if you can make minimum payments, and if you still need help, reach out to Christian Credit Counselors.

She offers wisdom on how Christian Credit Counselors can help people who are overwhelmed by debt and explains how their program works.

She also explains what clients can expect when they sign up and why their approach is much better than choosing debt consolidation.

You can get more information and help with managing your debt at ChristianCreditCounselors.org.

Here are some questions we answered from our callers on today’s program:

What are your thoughts on the Christian medical sharing programs?

Can money from a 529 plan be shared with two siblings?

What are your opinions on the stock investing apps?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!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 at the top of the page.

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 coronavirus pandemic put millions of Americans in financial turmoil due to lost income. Many lenders have offered forbearance options, but what happens when they end?If you were allowed to delay payments to your creditors those grace periods wont last forever and some may have already ended. Today, host Rob West explores how to prepare with Neile Simon of Christian Credit Counselors.Neile Simon is the director of Strategic Partnerships at Christian Credit Counselors, where theyve been helping people cope with the devastating financial impact of COVID-19.Then its your calls and questions at 800-525-7000.

Neile gives her view of what she has seen on the front lines of the battle against the financial implications of the pandemic.

They discuss forbearance programs and how they have been helping people all over the country, however most mortgage forbearance programs only last 3 months, credit card companies grace periods on minimum payments and late fees have ranged from 1-3 months. Student Loan forbearance programs will end September 31st.

Neile offers advice on what people should do if they think their forbearance is ending. She talks about overhauling your budget, determine if you can make minimum payments, and if you still need help, reach out to Christian Credit Counselors.

She offers wisdom on how Christian Credit Counselors can help people who are overwhelmed by debt and explains how their program works.

She also explains what clients can expect when they sign up and why their approach is much better than choosing debt consolidation.

You can get more information and help with managing your debt at ChristianCreditCounselors.org.

Here are some questions we answered from our callers on todays program:

What are your thoughts on the Christian medical sharing programs?

Can money from a 529 plan be shared with two siblings?

What are your opinions on the stock investing apps?

Ask your questions at (800) 525-7000 or email them [email protected]. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.