To be honest the Bible doesn’t address every aspect of managing our money. However, there are some things that are discussed many times and Borrowing is one of them.Today on MoneyWise not one but two experts to help us dissect and apply God’s wisdom to your borrowing and your financial life.Our host is financial planner and teacher Rob West. Joining us from the downtown studios in Atlanta is the founder of Kingdom Advisors and well known author and speaker, Ron Blue.Ron Blue has been teaching and helping Christiansmanage their money for over five decades.

Borrowing is really synonymous with Debt. And neither is spoken of positively in God’s word.Prov. 22:7: The rich rules over the poor, and the borrower becomes the lender’s slave

Borrowing becomes surety when this is no sure or certain way to pay it back. The onlysureway to know you can pay something back is to already have the money in the bank.

Prov. 22:26- Do not be one who shakes hands in pledge or puts up security for debts. If you lack the means to pay, your very bed will be snatched from under you.

Rules for Borrowing:

Borrowing always mortgages the future. Therefore the economic return must be greater than the economic costNever presume upon the future. Therefor there must be a guaranteed way to repay what is borrowed.God gave you a spouse to complete you. Therefore, spouses must be in agreement.Never deny God an opportunity to provide. Therefore, there are no other alternatives.

In today’s show we also answer your questions:

My 21-year-old son just bought his first car. He has payments on it. What is the best (and most effective) way for him to pay this off himself?

I am trying to build up my emergency fund. I receive money from a profit sharing account. Can I place this straight into a savings account?

My husband and I are 49 years old. I could retire in 5 years. How do we know if we are on the right track for retirement?

My job matches up to 3% if you invest 6%. I’ve noticed that I’ve lost money over the past few months. Should I just contribute to a Roth?

I have a rather large student loan that I need to pay off. If it is forgiven do you have to pay tax on it?

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 atMoneyWise Mediafor 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

To be honest the Bible doesnt address every aspect of managing our money. However, there are some things that are discussed many times and Borrowing is one of them.Today on MoneyWise not one but two experts to help us dissect and apply Gods wisdom to your borrowing and your financial life.Our host is financial planner and teacher Rob West. Joining us from the downtown studios in Atlanta is the founder of Kingdom Advisors and well known author and speaker, Ron Blue.Ron Blue has been teaching and helping Christiansmanage their money for over five decades.

Borrowing is really synonymous with Debt. And neither is spoken of positively in Gods word.Prov. 22:7: The rich rules over the poor, and the borrower becomes the lenders slave

Borrowing becomes surety when this is no sure or certain way to pay it back. The onlysureway to know you can pay something back is to already have the money in the bank.

Prov. 22:26- Do not be one who shakes hands in pledge or puts up security for debts. If you lack the means to pay, your very bed will be snatched from under you.

Rules for Borrowing:

Borrowing always mortgages the future. Therefore the economic return must be greater than the economic costNever presume upon the future. Therefor there must be a guaranteed way to repay what is borrowed.God gave you a spouse to complete you. Therefore, spouses must be in agreement.Never deny God an opportunity to provide. Therefore, there are no other alternatives.

In todays show we also answer your questions:

My 21-year-old son just bought his first car. He has payments on it. What is the best (and most effective) way for him to pay this off himself?

I am trying to build up my emergency fund. I receive money from a profit sharing account. Can I place this straight into a savings account?

My husband and I are 49 years old. I could retire in 5 years. How do we know if we are on the right track for retirement?

My job matches up to 3% if you invest 6%. Ive noticed that Ive lost money over the past few months. Should I just contribute to a Roth?

I have a rather large student loan that I need to pay off. If it is forgiven do you have to pay tax on it?

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 atMoneyWise Mediafor 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.

Proverbs 15:22 teaches that we should seek advice when making important decisions especially those about money. It reads,Plans fail for lack of counsel, but with many advisers they succeed.But knowing where to look for wise counsel is critical. Fortunately, it’s not hard forChristians who want to follow God’s financial principles. Host Rob West talks with financial planner Bob Ross today about the role of a Certified Kingdom Advisor.Bob Ross is the founder and president of Integrity Financial Services with 36 years experience helping people in the Cleveland area.

Bob explains the details about the roles of a Certified Kingdom Advisor and explains how they work to advise their clients.

Bob then goes on to answer multiple common questions we have heard in the last few weeks:

Should I stop putting money into my 401k?

Is now a good time to invest in stocks?

Doesn’t my age determine my risk tolerance?

Shouldn’t Ialwayschoose a Roth IRA?

What happens to my IRA if I die?

When should I start my Social Security?

When can I retire?

Do I need life insurance?

Financial planner and Certified Kingdom Advisor Bob Ross has been our guest today. You can find out more about him at IntegrityFinancial.us.com.

In today’s show we also answer your questions:

I have 85K in savings and am 75 years old. I still owe 10K on my home. Should I take money out to pay off my home?

What is your opinion on preplanned funeral arrangements?

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 atMoneyWise Mediafor 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

Proverbs 15:22 teaches that we should seek advice when making important decisions especially those about money. It reads,Plans fail for lack of counsel, but with many advisers they succeed.But knowing where to look for wise counsel is critical. Fortunately, its not hard forChristians who want to follow Gods financial principles. Host Rob West talks with financial planner Bob Ross today about the role of a Certified Kingdom Advisor.Bob Ross is the founder and president of Integrity Financial Services with 36 years experience helping people in the Cleveland area.

Bob explains the details about the roles of a Certified Kingdom Advisor and explains how they work to advise their clients.

Bob then goes on to answer multiple common questions we have heard in the last few weeks:

Should I stop putting money into my 401k?

Is now a good time to invest in stocks?

Doesnt my age determine my risk tolerance?

Shouldnt Ialwayschoose a Roth IRA?

What happens to my IRA if I die?

When should I start my Social Security?

When can I retire?

Do I need life insurance?

Financial planner and Certified Kingdom Advisor Bob Ross has been our guest today. You can find out more about him at IntegrityFinancial.us.com.

In todays show we also answer your questions:

I have 85K in savings and am 75 years old. I still owe 10K on my home. Should I take money out to pay off my home?

What is your opinion on preplanned funeral arrangements?

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 atMoneyWise Mediafor 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.

In our country today lawsuits have become commonplace. Lawsuits with merit, frivolous ones and just plain weird ones. But they’re no fun if they happen to you. Today on Money Wise, Steve and Rob review some frivolous lawsuits in our country that have happened in the past couple years. Then, they take a look at what the Bible has to say about lawsuits and suing another Christian.

The Bible says in very clear terms that we shouldn’t sue another believer in Christ

1 Corinthians 6:1-7 starts out by saying, Does any of you when he has a case against his neighbor, dare to go to law before the unrighteous and not before God’s people

One of the reasons the Lord is so strong in his command not to sue another Christian is that lawsuits are adversarial, They arrive at a legal conclusion, but leave unforgiveness and damaged relationships

The Bible doesn’t forbid suing non-Christians, but that doesn’t mean we should automatically do it.

Luke 6:29-31 If someone slaps you on one cheek, turn to them the other also. If someone takes your coat, do not withhold your shirt from them. Give to everyone who asks you, and if anyone takes what belongs to you, do not demand it back. Do to others as you would have them do to you.

If you’re struggling with the right decision seek godly counsel. Visit with a pastor or friend. Ask the Lord for wisdom James 1:5, If any of you lack wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.

We should also be quick to forgive. Forgiveness is one of the most powerful tools to witness b/c it is so foreign in our culture today. Colossians 3:13 reminds us to, Bear with each other and forgive one another if any of you has a grievance against someone. Forgive as the Lord forgave you.

In today’s show we also answer your questions:

My husband and I were in ministry for a while and weren’t able to save a lot during that time. What is the best way for us to pay off the remainder of our mortgage? We have about 1K extra each month.

I am in my 70s. I recently took out a whole life insurance policy to pay for funeral expenses. Was this a wise idea?

My husband and I have been married 10 years. I have never known his income, but he has known mine. How can I break through this barrier so we can come up with a logical budget?

What is the best way to start a budget and start saving for my family?

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 atMoneyWise Mediafor 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

In our country today lawsuits have become commonplace. Lawsuits with merit, frivolous ones and just plain weird ones. But theyre no fun if they happen to you. Today on Money Wise, Steve and Rob review some frivolous lawsuits in our country that have happened in the past couple years. Then, they take a look at what the Bible has to say about lawsuits and suing another Christian.

The Bible says in very clear terms that we shouldnt sue another believer in Christ

1 Corinthians 6:1-7 starts out by saying, Does any of you when he has a case against his neighbor, dare to go to law before the unrighteous and not before Gods people

One of the reasons the Lord is so strong in his command not to sue another Christian is that lawsuits are adversarial, They arrive at a legal conclusion, but leave unforgiveness and damaged relationships

The Bible doesnt forbid suing non-Christians, but that doesnt mean we should automatically do it.

Luke 6:29-31 If someone slaps you on one cheek, turn to them the other also. If someone takes your coat, do not withhold your shirt from them. Give to everyone who asks you, and if anyone takes what belongs to you, do not demand it back. Do to others as you would have them do to you.

If youre struggling with the right decision seek godly counsel. Visit with a pastor or friend. Ask the Lord for wisdom James 1:5, If any of you lack wisdom, you should ask God, who gives generously to all without finding fault, and it will be given to you.

We should also be quick to forgive. Forgiveness is one of the most powerful tools to witness b/c it is so foreign in our culture today. Colossians 3:13 reminds us to, Bear with each other and forgive one another if any of you has a grievance against someone. Forgive as the Lord forgave you.

In todays show we also answer your questions:

My husband and I were in ministry for a while and werent able to save a lot during that time. What is the best way for us to pay off the remainder of our mortgage? We have about 1K extra each month.

I am in my 70s. I recently took out a whole life insurance policy to pay for funeral expenses. Was this a wise idea?

My husband and I have been married 10 years. I have never known his income, but he has known mine. How can I break through this barrier so we can come up with a logical budget?

What is the best way to start a budget and start saving for my family?

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 atMoneyWise Mediafor 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.

Spring is well under way, the days are getting longer, the weather’s getting warmer, and songbirds have returned from their winter roosts. Now’s the perfect time to do some spring cleaning of your finances! Like your closet and garage, money management can also get cluttered over the long winter months. Today on MoneyWise, Kingdom Advisors President Rob West has some ways to clear out the cobwebs.

Close out any old accounts you may have. Make a list of all your current accounts and determine which ones you aren’t or shouldn’t be using any more. For example, if you’ve paid off one of your credit cards, close that account. You shouldn’t have more than one card anyway.

If you’ve got an old 401(k) someplace where you no longer work, roll it into your current 401(k) or an IRA.

Clean up your paperwork. This is a great time to go through all of your files to see what you can get rid of. For anything tax-related you can’t go wrong by keeping everything for seven years. But for most other things, like bank and credit card statements, maybe utility bills, three years is probably long enough. And don’t throw away anything with your personal information on it without shredding it first.

No spring cleaning would be complete without spiffing up your budget. Take time to go through the last several months of statements to make sure you’re allotting the right amount to each category. Then, make adjustments as necessarythis helps you identify and cut out any unnecessary expenses.

Start using the snowball method to get rid of any debt. Put some extra money toward your smallest debt and work your way up. Put the rest in an emergency fund so that you’re prepared for unplanned expenses.

Decide the best place to keep your emergency fund. If your savings account is at a brick and mortar bank, consider moving it to an online bank like Ally or Marcus where you can get a better interest rate.

Automate your savings. You’ve already fine tuned your budget and you know how much you can put in savings each payday. So go ahead and set up an automated transfer to put that amount in savings. Out of sight, out of mind!

On today’s program we also answer your questions:

My husband and I, retired, want to travel. We want to purchase a travel trailer. What do you think of reverse mortgages to get one?

Interest rates by the Federal Reserve are lower. I have a CD already. Should I get another one now while the interest rates are this low?

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

Spring is well under way, the days are getting longer, the weathers getting warmer, and songbirds have returned from their winter roosts. Nows the perfect time to do some spring cleaning of your finances! Like your closet and garage, money management can also get cluttered over the long winter months. Today on MoneyWise, Kingdom Advisors President Rob West has some ways to clear out the cobwebs.

Close out any old accounts you may have. Make a list of all your current accounts and determine which ones you arent or shouldnt be using any more. For example, if youve paid off one of your credit cards, close that account. You shouldnt have more than one card anyway.

If youve got an old 401(k) someplace where you no longer work, roll it into your current 401(k) or an IRA.

Clean up your paperwork. This is a great time to go through all of your files to see what you can get rid of. For anything tax-related you cant go wrong by keeping everything for seven years. But for most other things, like bank and credit card statements, maybe utility bills, three years is probably long enough. And dont throw away anything with your personal information on it without shredding it first.

No spring cleaning would be complete without spiffing up your budget. Take time to go through the last several months of statements to make sure youre allotting the right amount to each category. Then, make adjustments as necessarythis helps you identify and cut out any unnecessary expenses.

Start using the snowball method to get rid of any debt. Put some extra money toward your smallest debt and work your way up. Put the rest in an emergency fund so that youre prepared for unplanned expenses.

Decide the best place to keep your emergency fund. If your savings account is at a brick and mortar bank, consider moving it to an online bank like Ally or Marcus where you can get a better interest rate.

Automate your savings. Youve already fine tuned your budget and you know how much you can put in savings each payday. So go ahead and set up an automated transfer to put that amount in savings. Out of sight, out of mind!

On todays program we also answer your questions:

My husband and I, retired, want to travel. We want to purchase a travel trailer. What do you think of reverse mortgages to get one?

Interest rates by the Federal Reserve are lower. I have a CD already. Should I get another one now while the interest rates are this low?

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.

Did you hear the one about the 95-year old guy who refused to buy an extended warranty? The perplexed salesman asked him, Why not? He said, Sonny, at my age, I don’t even buy green bananas. If you buy a new appliance or computer, odds are you’ll get the hard sell to buy an extended warranty. They’re a great dealfor warranty companies! Today our host Rob West weighs in on this topic.

Instead, you should self-insure appliances and items of similar cost. You’re much better off using money from your emergency fund to replace a needed item.

You probably have insurance on the products already. Most have some type of manufacturer’s warranty. Factor that in when you shop around for an item. An item with a long manufacturer’s warranty period is probably a solid product to begin with.

The fine print. There are usually pages of it for most extended warranties, and legions of lawyers write these agreements to protect the warranty companies. If even one exception applies, your claim will probably be denied. Remember: warranty companies don’t make any money by paying claims, they make money by not paying them.

Depreciation. Just like with a car, your appliance or computer will depreciate starting the minute you buy it. So, it’s worth less to the warranty company than it is to you.

Believe it or not, many people simply forget they have the coverage. So, they end up never filing a claim. If they do happen to remember their extended warranty, they’ve lost or misplaced that paperwork that proves it. So again, they don’t file a claim. Either way, a lot of covered losses go unclaimed. All of these are reasons why you’re almost always better off financially not getting an extended warranty.

There is one exception, and this applies to expensive items like video game equipment, iPads or cell phones. When there’s a good probability a screen will crack or a remote will be repeatedly dropped on the floor, extended coverage may then be worth the money.

On today’s program we also answer your questions:

In light of COVID-19, where is the safest place to invest my money?

Regarding gifting, what can you advise regarding an estate planning attorney?

I’m retired and am pretty well off and I want to give to my children. My kids don’t want to put me in a perceived bad position so they’re hesitant to receive my money! Are there any biblical principles about receiving?

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 atMoneyWise Mediafor 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

Did you hear the one about the 95-year old guy who refused to buy an extended warranty? The perplexed salesman asked him, Why not? He said, Sonny, at my age, I dont even buy green bananas. If you buy a new appliance or computer, odds are youll get the hard sell to buy an extended warranty. Theyre a great dealfor warranty companies! Today our host Rob West weighs in on this topic.

Instead, you should self-insure appliances and items of similar cost. Youre much better off using money from your emergency fund to replace a needed item.

You probably have insurance on the products already. Most have some type of manufacturers warranty. Factor that in when you shop around for an item. An item with a long manufacturers warranty period is probably a solid product to begin with.

The fine print. There are usually pages of it for most extended warranties, and legions of lawyers write these agreements to protect the warranty companies. If even one exception applies, your claim will probably be denied. Remember: warranty companies dont make any money by paying claims, they make money by not paying them.

Depreciation. Just like with a car, your appliance or computer will depreciate starting the minute you buy it. So, its worth less to the warranty company than it is to you.

Believe it or not, many people simply forget they have the coverage. So, they end up never filing a claim. If they do happen to remember their extended warranty, theyve lost or misplaced that paperwork that proves it. So again, they dont file a claim. Either way, a lot of covered losses go unclaimed. All of these are reasons why youre almost always better off financially not getting an extended warranty.

There is one exception, and this applies to expensive items like video game equipment, iPads or cell phones. When theres a good probability a screen will crack or a remote will be repeatedly dropped on the floor, extended coverage may then be worth the money.

On todays program we also answer your questions:

In light of COVID-19, where is the safest place to invest my money?

Regarding gifting, what can you advise regarding an estate planning attorney?

Im retired and am pretty well off and I want to give to my children. My kids dont want to put me in a perceived bad position so theyre hesitant to receive my money! Are there any biblical principles about receiving?

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 atMoneyWise Mediafor 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.