It's the question of the hour: are we headed for a big jump in inflation? 

Price increases in housing, gas, lumber, and more, have many Americans worried about how inflation may lead to an economic recession. 

In today's episode, we'll explain some of the factors contributing to recent price increases and add some context to the inflation discussion. We'll also offer three important tips for how you can combat the effects of inflation in your personal finances. 

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Website: https://www.nateskelly.com

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Whether you have a lump sum of money or you have extra monthly cash flow, is it smarter to invest that money in the market or pay off your mortgage as soon as you can?

We talk through some important questions to ask yourself as well as some common pitfalls to avoid. We also offer some hypothetical situations to help compare and contrast the benefits and drawbacks of each option. 

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Website: http://nateskelly.com

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

Our guest, Andrew Smith is the founder and director of Orphans in Asia. He shares the story of why he started Orphans in Asia and how he's able to run the ministry without taking a paycheck from it. 

We discuss some of the important work Orphans in Asia is doing to feed and house needy children, teach them real life occupational skills, facilitate grants for adoptions, and more. We also talk about what Andrew's missions experiences have taught him about finances, generosity, and contentment. 

Be sure to connect with Andrew on social media and consider supporting his ministry. 

Andrew Smith: https://www.facebook.com/AndrewSmithpurpleheartvet https://www.instagram.com/purpleheartvet/

Orphans in Asia: https://www.orphansinasia.org https://www.instagram.com/OrphansInAsia/

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

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

This episode is the first in a series of episodes from the "Managing God's Money" sessions that I teach for churches. It's an opportunity for us to take a deeper dive into specific passages to better understand what the Bible teaches us in the areas of giving, saving, and spending. 

The Parable of the Talents is one of the most important passages in the entire Bible on the subject of stewardship. In today's episode we'll explore three important truths about money that Jesus taught in this passage. 

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Website: http://nateskelly.com

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The IRS recently extended the 2020 IRA contribution deadline. Instead of April 15th, you can now make a 2020 contribution to an IRA up until May 17th, 2021. With so many Americans receiving a stimulus check or tax refund (or both!) now might be a great time to invest excess cash in an IRA. 

In this episode we'll break down some of the key differences between Traditional and Roth IRAs and give you four key questions to ask that will help you determine which type of IRA is right for you.

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Website: http://nateskelly.com

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

We've all been guilty of being over-budget from time to time. Maybe we spent an extra $50 last month on restaurants or we went $200 over our price limit on Christmas gifts. However, there's a big difference between occasionally being over-budget and a harmful pattern of overspending.

So how do we know if we're overspending? And more importantly what motives are at the core of our decisions to spend more than we know we should? 

In this episode, we'll talk through five rationalizations people use to justify their unhealthy spending habits. We'll follow up with eight practical ideas you can use to guard against this destructive habit of overspending.

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Website: http://nateskelly.com

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

Buying a house is one of the most stressful experiences of your life. It's understandable considering that your home is probably the biggest purchase you'll ever make and it's place you will spend the vast majority of your time! And now that spring is here and the weather is warmer, that usually means there will be an increased number of home buyers on the market.  

In today's episode we'll highlight some important mistakes to avoid in the home buying process. So whether you're a first-time homebuyer or you're on your tenth home, these are some helpful tips that bear repeating. 

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Website: http://nateskelly.com

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Here's a question I've gotten a lot recently: what should I do with my old 401k? Many Americans opt to roll over their 401k into an IRA after they've separated employment, but is this the best option for you? This is one of the most important decisions you will need to make regarding your retirement savings so I decided to dedicate a whole episode to it.

In this episode we'll outline your 4 available options for your old 401k: leave it, cash it out, move it into your new plan, or roll it over into an IRA. We'll also discuss some of the biggest pros and cons of rolling over your 401k vs leaving it where it is. 

Email: [email protected]

Website: http://nateskelly.com

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Multi-level marketing (otherwise known as network marketing or direct sales) is a massive industry boasting millions of distributors and billions of dollars in annual sales. These companies sell a wide variety of products including clothing, essential oils, cosmetics, vitamins, shakes, insurance, jewelry, and much more. MLM enthusiasts claim that their unique structure empowers each member to: "Escape the 9-5", "Be your own boss", and "Enjoy unlimited earning potential".

Even if you've never worked in multi-level marketing, you very likely know people who do. And depending on who you ask, you'll get strikingly opposite opinions either for or against MLMs.

In this episode, I'll explain how the MLM business structure operates and offer 3 reasons why I'm not a fan of this business model.

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Website: http://nateskelly.com

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Proverbs 13:22 says that a good man leaves an inheritance to his children's children. Saving for you children's future is a noble goal and one that requires careful thought and planning. 

Before you decide on how you want to save money for your children's or grandchildren's future, consider these six options and their unique pros and cons. 

Links mentioned in the episode:

https://www.savingforcollege.com/article/how-does-your-states-529-plan-income-tax-benefit-work

https://www.savingforcollege.com/article/what-you-can-pay-for-with-a-529-plan

Email: [email protected]

Website: http://nateskelly.com

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