Financial Pathway

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

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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

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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

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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. 

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Website: https://www.nateskelly.com

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

Cary Schmidt is the Lead Pastor of Emmanuel Baptist Church in Newington, Connecticut. He hosts the "Leading in the Gospel" Podcast and recently published his newest book "Stop Trying: How to Receive Not Achieve Your Identity". 

In this episode, we talk about how your identity can shape your view of finances for good or for bad. Cary explains how he as a pastor approaches teaching and preaching on the sensitive topic of money. 

Cary also takes some to share his advice for younger pastors on how they should approach their compensation, retirement, and handling their personal finances. 

Leading in the Gospel Podcast: https://podcasts.apple.com/us/podcast/leading-in-the-gospel/id1411948813

Stop Trying: https://www.moodypublishers.com/stop-trying/

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Website: https://www.nateskelly.com

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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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