The Biggest Banking Mistake

Where do you keep the money for your emergency fund? Today on MoneyWise, Rob West with host Steve Moore discuss inflation and interest rates and into which kind of bank is best to place your money.

In this episode we also answer your questions:

I’d like to pay extra on my mortgage to pay it off earlier. How do I made additional payments that go directly to principle and not to interest?

For mortgage refinancing, should I extend the term? Are there other interest options?

Are annuities a good approach for retirement saving?

I own some rental property. However, I have a good amount of debt. Should I continue renting it out or should I sell it?

I have no savings, no 401(k), and I struggle to make ends meet. How can I save for the future?

Visit our new website,moneywise.org. There you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

And it’s your prayerful and financial support that keeps MoneyWise on the air. Please help us to continue this outreach by clicking the Donate tab at the top of the page.

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

To askyourquestions, call (800) 525-7000 or email them [email protected].

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 Biggest Banking Mistake

Where do you keep the money for your emergency fund? Today on MoneyWise, Rob West with host Steve Moore discuss inflation and interest rates and into which kind of bank is best to place your money.

In this episode we also answer your questions:

Id like to pay extra on my mortgage to pay it off earlier. How do I made additional payments that go directly to principle and not to interest?

For mortgage refinancing, should I extend the term? Are there other interest options?

Are annuities a good approach for retirement saving?

I own some rental property. However, I have a good amount of debt. Should I continue renting it out or should I sell it?

I have no savings, no 401(k), and I struggle to make ends meet. How can I save for the future?

Visit our new website,moneywise.org. There you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

And its your prayerful and financial support that keeps MoneyWise on the air. Please help us to continue this outreach by clicking the Donate tab at the top of the page.

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

To askyourquestions, call (800) 525-7000 or email them [email protected].

Historically, investing in real estate has been a great way to boost your retirement portfolio. But the housing crash of a decade ago also showed us that you can also lose your shirt if you don’t know what you’re doing. Real estate is called an appreciating asset, but that isn’t always the case. You have to take steps to maximize your gain and minimize your loss. Today on MoneyWise Rob West and Steve Moore share those with us. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-My husband is graduation from seminary and we’ll be taking a new job soon. It will require a move. Should we sell our home? Or should we hold onto it and rent it out?

- I’ve been using interest-free credit cards to pay off the high-interest debts that I’ve accumulated over the years. The problem is, I keep using the cards to charge things!

-I have some equity in my home, and banks are offering me cash to refinance. Should I take the money and invest it somewhere?

-My wife and I have decided to tithe on all of our retirement income, even if we’ve technically paid tithe on that money in the past.

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click 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

Historically, investing in real estate has been a great way to boost your retirement portfolio. But the housing crash of a decade ago also showed us that you can also lose your shirt if you dont know what youre doing. Real estate is called an appreciating asset, but that isnt always the case. You have to take steps to maximize your gain and minimize your loss. Today on MoneyWise Rob West and Steve Moore share those with us. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-My husband is graduation from seminary and well be taking a new job soon. It will require a move. Should we sell our home? Or should we hold onto it and rent it out?

- Ive been using interest-free credit cards to pay off the high-interest debts that Ive accumulated over the years. The problem is, I keep using the cards to charge things!

-I have some equity in my home, and banks are offering me cash to refinance. Should I take the money and invest it somewhere?

-My wife and I have decided to tithe on all of our retirement income, even if weve technically paid tithe on that money in the past.

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Today on MoneyWise, Steve Moore and Rob West speak with author and teacher, Howard Dayton, about how God’s ways are different than the world’s ways, especially in finances. They speak on topics such as God being the owner of all, budgeting and spending, contentment and giving.Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-What does the Bible say about cosigning?

-I am 27 years old. I have a 401K with my employer. Do I also need a Roth?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click 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

Today on MoneyWise, Steve Moore and Rob West speak with author and teacher, Howard Dayton, about how Gods ways are different than the worlds ways, especially in finances. They speak on topics such as God being the owner of all, budgeting and spending, contentment and giving.Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-What does the Bible say about cosigning?

-I am 27 years old. I have a 401K with my employer. Do I also need a Roth?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Curing our lives, we’ll make thousands of financial decisions. Most of them run that gamut from the type of car we’ll drive to where we’ll buy a cup of coffee. But three financial decisions are the biggest of all. It’s true. Studies have shown that our choices in just three key areas have by far the biggest impact on future income and assets. Today on MoneyWise Rob West and Steve Moore share those with us. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I was disabled in the military. How can I use my disability money to plan for retirement?

-My wife and I are getting close to paying off our debts. After we’re debt free, we’re planning on putting 100% of my wife’s income into saving for a down payment for a home. What should we do with that money?

-My husband and I are inheriting a little bit of money. We’ll have about $30,000 to invest. What should we do with it?

-We are moving into a new neighborhood that has a homeowner’s association. Are there any questions we should ask before we move in?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click 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

Curing our lives, well make thousands of financial decisions. Most of them run that gamut from the type of car well drive to where well buy a cup of coffee. But three financial decisions are the biggest of all. Its true. Studies have shown that our choices in just three key areas have by far the biggest impact on future income and assets. Today on MoneyWise Rob West and Steve Moore share those with us. Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-I was disabled in the military. How can I use my disability money to plan for retirement?

-My wife and I are getting close to paying off our debts. After were debt free, were planning on putting 100% of my wifes income into saving for a down payment for a home. What should we do with that money?

-My husband and I are inheriting a little bit of money. Well have about $30,000 to invest. What should we do with it?

-We are moving into a new neighborhood that has a homeowners association. Are there any questions we should ask before we move in?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

Today on MoneyWise, Steve Moore and Rob West are joined by writer, Joeseph Slife, from Sound Mind Investing, to talk about how college is an investment. They discuss things such as whether college is for everyone, student loan debt, college majors, and how to maximize the return of your college degree.Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-A couple of my credit cards have been sent to collections. I’ve been told that this will be on my credit score for 3 or 4 years. What can I do to reduce that time?

-My wife and I have a mortgage and a car payment. We just had our first child. What is the best way to balance paying down debt and saving for our child’s future?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click 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

Today on MoneyWise, Steve Moore and Rob West are joined by writer, Joeseph Slife, from Sound Mind Investing, to talk about how college is an investment. They discuss things such as whether college is for everyone, student loan debt, college majors, and how to maximize the return of your college degree.Next, they answer your questions at (800) 525-7000 and [email protected] about the following:

-A couple of my credit cards have been sent to collections. Ive been told that this will be on my credit score for 3 or 4 years. What can I do to reduce that time?

-My wife and I have a mortgage and a car payment. We just had our first child. What is the best way to balance paying down debt and saving for our childs future?

Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.