14 episodes

To support this ministry financially, visit: https://www.oneplace.com/donate/1085

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West and Steve Moore, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

MoneyWise Rob West & Steve Moore

    • Christianity
    • 4.8, 40 Ratings

To support this ministry financially, visit: https://www.oneplace.com/donate/1085

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West and Steve Moore, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

    Shop Smart for Car Repairs

    Shop Smart for Car Repairs

    To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

    Making the last payment on a car loan is cause for celebration. The only downside is its just about that time when your paid off vehicle starts needing expensive repairs. Are you doing what you can to minimize them? Spending a little time and money now can save you big time down the road, literally down the road. Our host Rob West has a checklist of ways to help you keep down auto repair costs.

    Liberty Mutual did a survey recently and found that the average two-car household spends just over 800-dollars a year on car repairs.
    The best way to cut repair costs is to prevent them from happening. You cant prevent all repairs that way parts do have a limited life span and they will break or fail but proper maintenance can certainly cut down on repair costs.
    If you purchase a new car it comes with a maintenance schedule that you must keep current for the warranty to stay in force. But you may not know that you can shop around for lower prices on maintenance procedures it doesnt have to be done at the dealer where you purchased the car.
    Most dealerships and independent repair shops are honest businesses. But it only takes a few bad apples to make people wary of mechanics in general. But thats changing with web sites like Yelp and TripAdvisor.
    Ask poeple at church where they have their repairs done. Odds are pretty good youll find a great shop with reasonable prices.
    Some of the routine maintenance items we need to take care of are oil changes, changing air filters (which is an easy DIY), and brakes.

    On todays program we also answer your questions:

    The majority of my assets are in stocks. With the projection of going into a recession, why does it not make sense to take everything out and buy it back once to economy comes back?
    We dont have any debt. Do you recommend investing in physical assets to be prepared for uncertain times?
    My husband and I were about to move into a senior community before the pandemic. We have not sold our home yet. Do you think we should wait a while to see if the housing market will pick back up?
    I have two properties, one is a rental. Should I sell the rental and move that money into my primary residence?

    Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

    Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

    • 24 min
    5 Credit Card Myths

    5 Credit Card Myths

    To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

    You need a credit card to build credit, right? Or to rent a car or to buy online? Most people believe this to be conventional wisdom. But what if that wisdom is wrong? What you dont know about credit cards could get you into financial hot water! Credit cards can be a handy thing to have, but it could be a double-edged sword. Today, financial planner and teacher Rob West tells you how way too many people sign up for credit cards for the wrong reasons.
    The first myth is that a credit card will rescue you if you have a financial setback (like a job loss or the need to replace an expensive item). Thinking this way prevents you from saving up an emergency fund.
    The second myth is that you need a card to shop online or to rent a car. Once upon a time that was probably true for renting a car but it has never been the case for buying online. The fact is, in most cases, a debit card will work just fine for those things.
    Credit card myth #3: you need a card to earn rewards. No doubt its nice to get 1 or 2% back with your cards purchases (as some cards even offer as much as 5% back for certain purchases at certain times). But do the mathif youre paying 28% interest on your balance, who exactly is getting the reward? A credit card is only useful if you pay off the balance fully every month.
    Myth #4 is that you need a store credit card to save money when you buy things. Stores love to give you bonuses and discounts when you sign up for one of their cards, but is that so you can save money? No,its because they know most people will carry a balance.
    Finally, its not true that you need a credit card to build credit. You can build a credit history just by paying your bills on time. Depending upon your income, you can even qualify for a mortgage by paying your rent, utilities, and car loan on time every month. Check with your landlord about having your payments reported to the credit bureaus. They wont necessarily do it, but they do have that option.

    On todays program we also answer your questions:

    I just got out of high school and have been working for a few summers now. What options are there about types of investments for a period of 4 years? Id use the funds as a possible down payment on a house.
    In todays episode of MoneyWise, there are several listeners calls related to the receiving of the COVID-19 stimulus check. Each caller has a different situation needing to be addressed.

    Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

    Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

    • 24 min
    The Importance of Having a Will with Ron Blue

    The Importance of Having a Will with Ron Blue

    To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

    A will allows you to determine exactly where your assets will go after you die, usually. That wasnt the case with one British will maker who left money to the Royal Society for the prevention of birds. No doubt that was supposed to read, the protection of birds, but the point is, a will can eliminate legal pitfalls and provide peace of mind for your heirs. Today, host Rob West chats about that with money expert Ron Blue.Ron Blue is the co-founder of Kingdom Advisors, a frequent speaker on all things financial, and most important for todays topic, hes the author of Splitting Heirs: Giving Your Money and Things to Your Children Without Ruining Their Lives.

    Nearly half of Americans over age 55 havent written a will.
    A will is a legal document. But it should and can provide for far more than a tax plan. For one thing, you can leave a message to future generations.
    A Will also provides for the guardianship and care of young children, and for that reason alone every couple with young children should have a will to provide for the care of their children in the event of their deaths.
    Wills also accomplish the passing of personal property with little monetary value but great sentimental value on to those who would most cherish those gifts. They also ensure that desired charitable giving will take place upon your death.
    An important reason for business owners to have a will is to ensure the orderly and effective transfer of that business. Its not always easy to decide how the business should be transferred, but in the absence of a stated plan, those decisions will likely be made by people who dont share the owner's goals and objectives.
    Its possible to draft your own will without an attorney, but theres a tremendous risk in that because courts may not interpret your will as youd like them to. And in some cases they may not recognize a do it yourself will.
    When an estate is in order, an emotional load is lifted from the person whos concerned for his familys well-being. It also lifts a burden from those dependent on that person. Although this cannot be measured in dollars and cents, the benefit of peace of mind may be the greatest advantage of having a will.

    On todays program we also answer your questions:

    Are we going to have to pay back the stimulus and unemployment?
    What are the pros and cons of for sale by owner?

    Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

    Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

    • 24 min
    One Week Financial Financial Makeover

    One Week Financial Financial Makeover

    To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

    Anyone can experience financial hardship at any time. Its a great reminder that God is our ultimate Provider. Hes promised to meet our needs and Hes always faithful. Still He expects us to do our part.Preparing for lean times is not only common sense its backed up by Gods Word. So what can you do to get ready? Financial planner and teacher Rob West has a list of things to get you started.

    Proverbs 6: Go to the ant, consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.
    Genesis 41: and the seven years of famine began, just as Joseph had said. There was famine in all the other lands, but in the whole land of Egypt there was food.
    Day One: Take five minutes to sign up for a personal finance newsletter or blog.
    Day Two: Make a to do list of 10 financial tasks youve been putting off.
    Day Three: Do something. Pick one thing from your financial to do list and just do it. Thatll give you the satisfaction of crossing it off your list.
    Day Four: Set up a system to track your spending.
    Day Five: Try to identify one area a week where you can trim or cut something altogether.
    Day Six: Work up your Mayday Budget.
    Day Seven: Take some time to reflect and meditate on Gods Financial principles.
    Philippians 4:19. It reads,And my God will supply every need of yours according to his riches in glory in Christ Jesus.

    In todays show we also answer your questions:

    I have a farm and some rental property and about 40K in liquid reserves. Should we pay off one of these or buy a new property to bring in more money?
    Should I withdraw my savings account?
    Is it a smart to refinance now?
    How do you know when it is smart to cash out a QDRO account?

    Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

    Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

    • 25 min
    Values Investing - The Next Level with Jason Myhre

    Values Investing - The Next Level with Jason Myhre

    To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

    Youre a faithful contributor to your 401k or IRA. Over time youve watched your investments grow. But deep inside maybe you ask yourself where are those earnings coming from. Biblical values should guide our investing decisions. But that involves more than just avoiding objectionable companies. Rob West talks with Jason Myhre of Eventide about actively putting your money where your faith is.
    Business is really an extension of Gods gift of work. From what sources are the profits and from which companies are your portfolios invested?
    Are these investments making an impact on my integrity? Are these companies that I fundamentally feel good about owning? Not just successful companies but admirable, moral ones.
    Businesses that are operating with integrity that excel at creating value for their customers and employeesby creating products that are serving a need in societythese are precisely the kinds of things that I think drive long-term returns. So, we dont have to think in term of trade-offs.
    Will values-based investing provide me with proper diversification?
    Is it unrealistic to think that we can change the world through our investments?

    On todays program we also answer your questions:

    What do you think about the lease-to-buy option for cars?
    Whats the Christian perspective on these COVID-related, personal bail-outs by the government?

    Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

    Like and Follow us on Facebook atMoneyWise Mediafor videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

    • 25 min
    Best Debt Reduction Tools

    Best Debt Reduction Tools

    To support this ministry financially, visit: https://www.oneplace.com/donate/1085/29

    Ask anyone whos done it and theyll tell you that digging their way out of debt was one of the hardest things they ever did. Fortunately, there are some tools to make the job easier. If youre struggling with credit card and loan debt, the first thing you need isnt more money, its a plan! Today on MoneyWise, Kingdom Advisors President Rob West looks at several online debt reduction tools to help you make that plan.
    Do you have multiple credit cards or loans youre trying to pay off? How much extra, beyond the minimum payments, can you apply to those debts? And where should you apply it first? Ideally, debt reduction apps help you answer those questions and most will then give you an option of using the snowball method or the avalanche method.
    Unbury.me(https://unbury.me/) is a free debt reduction tool offering a choice of the snowball vs. avalanche methods.
    CNN Moneys debtcalculator(https://money.cnn.com/calculator/pf/debt-free/). This one has another nice feature where you enter a debt-free deadline. Based on that itll show you how much you have to pay on your various debts each month to meet your deadline.
    Undebt.it(https://undebt.it/) is a debt tracking app with similar features as the others but will also show you how much your debt is costing you each month which can really motivate you to get your debts paid off.
    Debt Payoff Assistant(https://itunes.apple.com/us/app/debt-payoff-assistant/id475099959?mt=8) is strictly a mobile app for iPhones and iPads. Its free and youll find it the App Store. Debt Payoff Assistant works the same as the others but it allows you to design multiple payoff strategies with built-in calculators to stay motivated on your debt journey. It also has some nice graphic displays and pie charts.
    Sometimes you need a real person to help guide you through the debt reduction process. Our trainedMoneyWise Coaches(https://moneywise.org/connect)can help you do that by setting up a budget and debt payoff plan. The only charge is for a workbook.
    Finally, get help managing your debts atChristian Credit Counselors(https://www.christiancreditcounselors.org/)

    On todays program we also answer your questions:

    My husband and I just received some money and wanted to hear what you think the best way to handle it is.
    I was thinking about retiring. Can you recommend a good, long-term strategy?
    I want to sell some gold! How do I report this on my taxes? Is there a special form?

    Ask your questions at (800) 525-7000 or email them atquestions@moneywise.org. Visit our website atmoneywise.orgwhere you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

    Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion!Remember that its your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

    • 25 min

Customer Reviews

4.8 out of 5
40 Ratings

40 Ratings

BarleyOtis ,

Best money advice show on radio

Rob and Steve give the best holistic advice that’s available. All their advice is based on Biblical wisdom that transcends time, economic cycles, and culture.

Jodylleigh ,

Christian finance advice at it's best!

I love this show and listen to it daily on the radio. I am so thankful that there is a podcast for when I miss an episode!

ERBJR ,

MR

I've applied a lot of the ideas that I've gleaned from these podcasts and am very pleased with the results!

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