In this financial freedom episode of the Freedom Podcast, Dr. Van Moody and financial expert George B. Thompson discuss how to maintain financial stability despite economic uncertainty caused by potential tariffs. The hosts emphasize approaching finances with faith rather than fear, providing biblical foundations alongside five practical strategies to protect your finances:

Prioritize Emergency Savings - Determine your personal comfort level (3-6 months of expenses) based on job security and family needs through "kitchen table conversations"

Cut Back on Non-Essentials - Distinguish between needs and wants, track spending to identify frivolous expenses, and eliminate them to increase financial margin

Shop Smart and Strategic - Use grocery store circulars to buy sale items, consider meal planning around discounted foods, buy in bulk when appropriate, and portion properly to avoid waste

Manage Debt Wisely - Follow the "Do Good" (Get Out Of Debt) approach by creating a debt multiplier plan that focuses on paying down one debt at a time while making minimum payments on others

Seek Wise Financial Counsel - Consult with financial professionals during both good and difficult times, avoid making emotional investment decisions based on temporary market fluctuations

The hosts remind listeners that God promises to supply all needs and emphasize making disciplined financial decisions based on faith rather than reacting to economic news with fear.

In this financial freedom edition of The Freedom Podcast, hosts Dr. Van Moody and "money maven" Pastor George B. Thompson discuss strategic tax planning from a faith-based perspective. With tax season approaching, they share five smart money moves to help listeners maximize their tax benefits throughout the year:

Track Charitable Giving: They emphasize how tithing and charitable donations not only fulfill spiritual obligations but provide significant tax deductions. Keeping detailed records of all donations to churches, community organizations, and other non-profits can substantially reduce taxable income.

Review Tax Law Changes: The hosts stress the importance of working with a tax strategist rather than just a tax preparer to stay current on new regulations that could benefit taxpayers.

Maximize Deductions and Credits: They explain the difference between deductions (like mortgage interest and business expenses) and credits (like child tax credits), emphasizing that many people "leave money on the table" by not fully utilizing available tax benefits.

Consider Retirement Contributions: The discussion covers various retirement vehicles (401k, 403b, 457, IRAs, SEPs) and how they serve as both retirement savings and tax reduction strategies by lowering taxable income and allowing tax-deferred growth.

Organize Financial Records: The hosts share practical tips for tracking expenses, including using credit cards for easy record-keeping and leveraging apps and software like QuickBooks.

Throughout the episode, Dr. Moody and Pastor Thompson blend biblical principles with practical financial advice, reminding listeners that good stewardship includes being "efficient" with taxes—paying what's required but not more than necessary.