More Than Money

We are to cast our anxieties on God, but this does not mean we should not prepare for the inevitable emergency. In this episode, I’m having a conversation with my good friend and financial expert, Robby, about preparing for financial emergencies.

Listener questions answered:

How much cash should I keep in my car?

How much of an emergency fund should a retiree with no debt have?

Notes:

The 8 Money Milestones | https://bit.ly/3s4r1Uz

DIME Method:

Debt
Income
Mortgage
Education

The Essential Emergency Binder | Buy it here: https://bit.ly/3qsNYAm

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

Understandably, student loan debt has been a really big topic recently. According to a recent study, 44.7 million Americans have student loan debt. On this episode, we welcome Ramsey personality, Anthony ONeal, to discuss how to get rid of your student loan debt.

Listener question answered:

What is your opinion on the government paying off student loan debt?

Notes:

Destroy Your Student Loan Debt: The Step-by-Step Plan to Pay Off Your Student Loans Faster by Anthony ONeal | Buy it here: https://amzn.to/3aMfl1D

Debt Free Degree by Anthony ONeal | Buy it here: https://amzn.to/3aRj4uD

The Money Challenge for Teens: Prepare for College, Run from Debt, and Live Generously by Art Rainer | Buy it here: https://amzn.to/3aRj65J

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

It is time to learn about some important financial tools that are out there. In this episode, Art talks with financial expert, Robby Scholes, about three must-know financial tools. It is fun and informative conversation. Plus, Art answers questions about debt, retirement, and Social Security.

Listener question answered:

Question 1: Should I pay off debt or save for retirement first? Also, should I take from my retirement to pay off debt?

Question 2: I am considering taking Social Security early at age 62. Can I also work full time?

Notes:

3 Reasons not to take money from your retirement:

1. 10% penalty
2. Ordinary income taxes
3. Opportunity cost (compounding)

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

Albert Einstein famously said, “Compound interest is the eighth wonder of the world. He who understands it, earns it...he who doesn't...pays it.” On this episode, I’m talking to a 16-year old who understands it and is earning it. Parents, this episode will inspire you.

Listener question answered:

How young should you start teaching your kids about money and finances?

Notes:

1. Children can start learning about God a lot earlier than most parents realize.
2. Children can start learning about money a lot earlier than most parents realize.
3. Things stick children a lot longer than most parents realize.

The Money Challenge for Teens | Buy it here: https://amzn.to/3ccc3qI
The Secret Slide Money Club | Buy it here: https://amzn.to/3sZUHn2

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

In this episode, I have a conversation with best-selling author Deborah Pegues about some lighthearted topics like emotional spending and enabling. After I talk to Deborah, I provide seven things high school seniors should know about money.

Notes:

1. Money is the result of work.
2. Money is finite.
3. Debt is a burden.
4. Instant gratification often leads to delayed financial health.
5. A little bit of money + A lot of time = A lot of money.
6. God is the owner and provider of everything.
7. Eternal treasures are greater than earthly ones.

Listener question answered:

I'm a high school pastor now and desire to equip graduating seniors with more financial knowledge than I had at 18. My question is, what are the 3-5 things seniors need to know?

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

In this episode, I have a conversation with our producer about credit cards. We have differing opinions on them, so I thought it would be fun to talk about our views.

Notes:

•Financial Priority #1: Giving (if you still have income)
•Financial Priority #2: Food and health.
•Financial Priority #3: House.
•Financial Priority #4: Utilities.
•Financial Priority #5: Automobile.
•Financial Priority #5: Other loans.
•Financial Priority #6: Everything else.

Listener questions answered:

Several of my peers have been let go where I work. As I precaution, I’m looking for other job possibilities. How should I prepare financially?

I have $5,000 saved in an emergency fund, but I can’t find a decent rate on any account. Any suggestions?

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

Rachel Cruze from Ramsey Solutions joins us on the show to discuss her new book, Know Yourself, Know Your Money. In this interview, we discuss how our childhood impacts our view of money.

Rachel Cruze's new book, "Know Yourself, Know Your Money" is out now! Get it here: https://amzn.to/3hN6G22

Listener questions answered:

I'm in my 40's. So, what percentage of social security should I figure into my retirement calculation.

How do I know how much is enough for retirement?

Other notes:

4% Rule
Retirement Budget x 25 = Amount Needed for Retirement

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

Alright, I have another incredible story for you. This time, you get to hear how the Morvays paid off $46,000 in one year! It is an amazing story with some important lessons learned.

Notes:

Your Financial State of the Union:
1. Review your generosity.
2. Review your cash.
3. Review your debt.
4. Review your retirement.
5. Review your net worth.
6. Review your goals

Episode #22: Your Financial State of the Union - Listen Here: https://bit.ly/2JxItAa

Lessons learned:
1. Trust the Lord during the entire process.
2. Make a financial plan.
3. Live within your budget.
4. Walk in community.

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

It’s time for your Financial State of the Union! Give yourself a strong year-end and a great start to 2021 with this report.

Listener questions answered:

Do you think it’s wise or appropriate to fluctuate your giving when you have a highly flexible take-home pay?

How much life insurance do I really need?

Your Financial State of the Union:

1. Review your generosity.
2. Review your cash.
3. Review your debt.
4. Review your retirement account.
5. Review your net worth.
6. Review your goals.

Other notes:

DIME Method: Debt + Income + Mortgage + Education

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER20' to get 20% off your first year! Learn more here: https://www.securegive.com/

In this episode, Art talks with Paul David Tripp about how Scripture shines a light on the real reasons we struggle with money, and why we don’t fix debt with a budget.

Listener questions answered:

When one adult child is a very poor money manager, what is the best way to set up a will so that an inheritance does not make the problem worse?

Episode Sponsor:

Most churches struggle to get people to give. SecureGive has created a system that helps churches increase giving so their ministry is funded to reach their community. SecureGive helps churches increase giving in 3 ways: software that makes giving easy, a custom growth strategy, and ongoing stewardship resources. They stand out by offering a real ministry partnership, the most cost-effective solution with the lowest processing rates, and the most comprehensive giving platform available. Use the code 'RAINER 20' to get 20% off your first year! Learn more here: https://www.securegive.com/