We've made it to episode 50 which means it's time to do another special "ask me anything" episode! Thanks everyone for listening and submitting these great questions:

Saving taxes in retirement (2:15)

Pastoral finances (11:12)

Minimizing taxes as W-2 employee (not self-employed) (12:47)

Biggest mistakes people make in retirement (19:23)

High yield dividend stocks (25:04)

How much house can I afford (32:45)

Cryptocurrency (37:32)

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Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

Bryan Samms joins me to discuss some important considerations regarding pastoral pay such as...

What does the Bible teach about pastoral pay?

How should pastors communicate with their church about their pay/benefits?

When should a church add additional paid staff? 

What resources should a church use to determine fair compensation for a particular role?

Connect with Bryan

Twitter: @bryansamms

Facebook: @pastorbryansamms

Podcast: Bryan Samms Podcast

Email: [email protected]

Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

Many people assume that being frugal and being cheap are the same thing. They are not! There's a key difference that separates someone being financially savvy from someone being downright stingy. 

In this episode, we'll talk about why it's admirable to be frugal and why you never want to be cheap. 

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Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

Only about 1/3 of Americans say they either are or will be adequately prepared for retirement. And no wonder! It's a complicated business. So how do your retirement savings stack up to the average American your age?

In this episode, we'll share the research on how much the average American has saved and how much the experts recommend you have saved based on your age. 

Remember, that there is no magic number needed to retire successfully. How much you need depends on many factors. Start saving as early as possible, use tax advantaged accounts whenever possible, and build multiple streams of income for retirement. 

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Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

Consumer debt in America is closing in on $15 TRILLION dollars (personal mortgages, car loans, student loans, credit cards etc. combined).

Everywhere you turn, you're bombarded with advertisements and offers to borrow more money. So how is a Christian supposed to approach this question of debt? Is it ever ok to borrow money or should Christians avoid debt entirely?

In this episode, we'll take a closer look at what the Bible has to say on this important issue and offer some helpful guidelines when making  borrowing decisions. 

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Website: nateskelly.com

Facebook: facebook.com/financialpathwayllc

You've probably heard of the "Debt Snowball" but have you heard of the "Debt Avalanche"? Find out how to rapidly pay down debt and create margin in your financial life using this simple technique. 

In this episode, we'll explain how the Debt Avalanche works and how it can help you pay your debt faster and pay even less in interest than using the Debt Snowball method. 

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Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

Myth: Trusts are only for the super wealthy

Truth: Trusts are helpful estate planning tools that benefit millions of Americans and can serve a wide number of purposes.

In this episode we'll explain the basics of trusts including...

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Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

According to a recent poll by Ladder, consumers spend an average of $1497/month on non-essential items. A big reason many people aren't able to make progress on their savings goals is because their monthly spending is crowded with non-essential purchases.

In this episode, we'll discuss how you can save money in six different areas of your budget. Some may only save $20-30/mo while others could mean savings of $500+/mo!

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Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc

Lifestyle creep: the tendency to continue increasing your spending as your income grows. 

A higher income is often accompanied by more spending. Typically, the majority of the increased spending is on non-essential items (eating out, entertainment, activities, shopping, travel, household amenities, etc.). Over time, these luxuries come to be seen as essential to your way of life. If/when income decreases (such as in retirement) it can be very difficult to adjust. 

In this episode, we'll talk about how to recognize lifestyle creep, and we'll offer 5 tools to fight the pull of lifestyle creep in your own finances. 

Email: [email protected]

Website: https://www.nateskelly.com

Facebook: https://www.facebook.com/financialpathwayllc