More Than Money

Does your view on money hurt you? For many, the answer is “yes.” In this episode, I ask Derrick Kinney, the CEO of Good Money Framework, to discuss how a person’s resentment of money is ruining the world.

Listener questions answered:

How one can be sacrificial in giving while paying off debt?

Roth or Standard IRA?”

Other notes:

1. Money represents scarcity and strain.
2. You see money as working against you.
3. Your family money tree did not grow.
4. There’s not enough money to fulfill your dreams.
5. The money math doesn’t add up.

The 3 levers that create wealth:

1. Save more.
2. Earn more.
3. Reduce debt.

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/

I’ve been eager to share my friend, Roshaun Freeman’s story for some time. Here was a guy
who had seemingly everything against him, including cerebral palsy. Yet, he crushed $50,000 in student loan debt. Get ready to be inspired.

Here are my takeaways from Roshaun Freeman’s story:

1. We have to take responsibility for our decisions.
2. Getting out of debt takes focus and sacrifice.
3. Getting out of debt is more than possible for you.

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/

2020 is almost over! It is time to get your year-end plan together. And in this episode, we are talking with Talaat McNeely from HisAndHerMoney.com about the year-end money moves you should be making.

Listener questions answered:

What is the best way to start saving for a child's future college fund?

Should I rent and save 15% for retirement or reduce my retirement savings and put it toward a down payment on a house.

Other notes:

Moves you should make before year-end

1. Review your last 12 months of spending
2. Obtain a recent copy of your credit report
3. Take a look at your debt balances
4. Establish new short-term goals
5. Assess all of your investments
6. Determine your contributions to charity
7. Make sure you have sufficient life insurance

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/

According to a recent survey, 21.5% percent went into debt over Christmas in 2019. Are you financially prepared for Christmas? In this episode, we consider five ways you can ruin your finances over the holidays and provide some practical tips to avoid them all.

Listener questions answered:

What is the best savings vehicle to start putting aside money for future weddings?

If there is money left at the end of the month, do you suggest putting an additional amount in savings or use it as an additional principal payment on our mortgage?

Other notes:

How to ruin your finances this Christmas:

1. Don’t plan.
2. Feel obligated to get everyone a gift.
3. Go into debt for Christmas purchases.
4. Wait until the last minute to purchase gifts.
5. Pull back on your financial generosity to your church and others.

Practical money tips for Christmas:

1. Get a budget.
2. Find cost-friendly gifts.
3. DO NOT GET A STORE CREDIT CARD!
4. Give yourself time to find wallet-friendly, but good gifts.
5. Be intentional about your generosity this Christmas.

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. Learn more here: https://www.securegive.com/

Need some inspiration? In this episode, you will hear an incredible story about, not just getting out of debt, but a story of God’s grace and mercy. It’s a story that has to inspire you. You will finish the episode thinking, “God is so good, and if he can do it, I can too.”

Notes:

1. God gracious and merciful.
2. To get financially healthy, you must do the opposite of everything you did that got you into your financial mess.
3. No one said getting financially healthy was going to be easy. But it is worth the effort.
4. Financial health can be an idol. Make sure it remains a tool, not a goal.

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. Learn more here: https://www.securegive.com/

In this episode, Art answers questions about down payments on homes and how newlywed couples can combine their finances. Art also talks to Lisa Zeeveld, the COO of Belay Solutions, about being the world’s greatest virtual employee.

Listener questions answered:

What’s the best way for a newly married couple to go about combining their finances?

Is it really necessary to save 20 % to buy a home?

Other notes:

Here are the three questions which you should be able to answer “yes”:

1. Do you plan on living there for at least 5 years?
2. Will your mortgage payments be less than 30% of your after-tax pay?
3. Do you have at least 20% for a down payment?

The Marriage Challenge: A Finance Guide for Married Couples | Buy it here: https://amzn.to/2TqSksN

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. Learn more here: https://www.securegive.com/

“How do you handle finances in your marriage?” I get this question a lot. So, I’ve invited my wife, Sarah, to talk about how we navigate finances in the Rainer household. And we also answer some more of your money questions like, “Why does money cause so much stress in relationships?”

Listener questions answered:

Why does money cause so much stress in relationships?

Where do we go next financially once we get our house? Retirement? Investing?

Sarah, what is it like being married to the true and better Dave Ramsey?

Other notes:

1. Mission
2. Communication
3. Compromise
4. Goals
5. Trust
6. Education
7. Equality

The Marriage Challenge: A Finance Guide for Married Couples | Buy it here: https://amzn.to/2TqSksN

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. Learn more here: https://www.securegive.com/

Getting hired looks different today. Have you had an interview since the pandemic hit? If so, you’ve probably experienced a video interview. Preparation is different. So, in this episode, we are considering what to do (and what not to do) when it comes to virtual interviews. And, of course, we have a few of your money questions and will be answering those.

Listener questions answered:

Question #1: How do you expect the economy to be permanently changed due to COVID?

Question #2: What would be your advice to a new pastor regarding opting out of Social Security?

Other notes:

Housing Allowances for Ministers: Made Easy | Buy it here: https://amzn.to/2H8hKJb

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. Learn more here: https://www.securegive.com/

27% of side hustlers rely on that income to cover monthly bills. Nearly one-third of side hustlers are over 54 years old. You didn’t see what one coming, did you? In this episode, we are looking at the income side of the financial equation. We are talking about side gigs.

Listener questions answered:

Question #1: How can I bring in more income to get rid of debt, build a cushion, and an emergency fund for my family?

Question #2: Are there any unique Covid-19 opportunities?

Question #3: What is the best approach to saving for kids post high school with the potential move away from college and towards trades?

Other notes:

3 Important Lessons About Side Gigs:

1. Figure out what you are passionate about.
2. Decide how much you can handle in your schedule.
3. Make sure you are withholding taxes.

Find More Money: Increase Your Income to Tackle Debt, Save Wisely, and Live Generously | Buy it here: https://amzn.to/3do4tYE

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. Learn more here: https://www.securegive.com/

74% of millennials and 52% of baby boomers believe that millionaires inherited all their wealth? On this episode, best-selling author and Ramsey personality, Chris Hogan might just make you rethink that belief. And, of course, we answer some of your money questions.

Listener questions answered:

Question #1: Any advice on saving for college for your children? Our parents really did great with providing us college money, and we want to do the same for our kids but are on a tight budget. Both my husband and I graduated DEBT FREE and I love how you talked about that and encouraged graduating debt-free in the Money Challenge for Teens Book!

Question #2: I have been putting money away for years in my 403(b). According to my financial advisor, I am on target for retirement. Currently, I am 45, married, with several kids. How much life insurance should I get, and what kind to cover any holes prior to me putting my full amount into my 403(b) over the course of the next twenty years?

Other notes:

Everyday Millionaires: How Ordinary People Built Extraordinary Wealth ― and How You Can Too | Buy it here: https://amzn.to/3ihu46x

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. Learn more here: https://www.securegive.com/