14 episodes

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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
    • 4.9 • 46 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.

    Student Loan Forgiveness Scams

    Student Loan Forgiveness Scams

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

    Scammers often target senior citizens with fake warnings from the IRS or the Social Security Administration. Now they have a new, vulnerable group in their sights as well, younger people struggling with student loan debt. Sometimes the offers seem too good to refuse! Today on MoneyWise, Kingdom Advisors president Rob West has what you need to know.

    When something seems too good to be true it probably is!
    The Department of Education has been contacted by many people reporting that these targeted individuals receive phone calls, letters, emails and even text messages offering them relief from their federal student loans.
    Scammers make money on this by requiring a relatively small payment up front. This adds confusion because the education department actually does contract with a select group of pre-screened, legitimate companies for servicing federal student loans. But you can discern the difference between the two as scammers will ask for an up-front fee.
    The Department of Education will help you to determine if youre eligible for loan forgiveness or other programs. They can also help you lower or cap your monthly, federal student loan payments, consolidate the loans, and help you get your loans out of default.
    Interest rates are low these days so nows a good time to refinance student loans. This could save you thousands of dollars.
    Find the list of legitimate companies servicing federal student loans atstudentaid.ed.gov/sa/repay-loans/understand
    The Education Departments Public Service Loan Forgiveness tool:studentloans.gov

    In todays show we also answer your questions:

    My credit score is fairly low but I want to qualify for the best rates for future purchases using credit. What can I do?
    What do you think about annuities? Are they the best solution? Are they expensive?
    My daughter has gotten in over her head in debt. Is there a Christian organization that could help my daughter with creditors that are threatening her? Visitchristiancreditcounselors.org
    What do you think about auto loans? And should a vehicle be new or used and why?
    What do you think about Roth IRAs?

    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.

    Gratitude: A Performance Enhancing Substance

    Gratitude: A Performance Enhancing Substance

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

    The world likes to say that science is at odds with the Bible. So it must be frustrating for naysayers when research actually confirms Gods Word. Its happening again, this time in the case of gratitude. Its true, researchers now say that gratitude is good for you. Theyre even calling it a performance enhancing substance. Who knew? Kingdom Advisors President Rob West has the details for you. Today on MoneyWise, Kingdom Advisors president Rob West has what you need to know.

    The Bible has many verses to inspire a thankful heart, but one in particular that details the benefits of gratitude is found in Philippians 4, verses 6 and 7.
    Researchers at the University of California-Davis and UC-Berkely are confirming that the spirit of gratitude has wonderful effects on our mind and body.
    Staying on a budget, living on less than you earn, saving for the future all lead to financial well-being.

    In todays show we also answer your questions:

    What is your opinion on life insurance?
    What is the best way to decipher and decide about which Medicare option is best?
    I have money from the sale of my mothers home. What is the best use of this money?
    How do you know when to stop buying collision insurance on your vehicles?

    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.

    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:

    -Ive been going to real estate courses. Ive given them a lot of money for the education. Is this the best way to be a good steward of my money?
    -When I purchased my home, the seller purchased a home warranty. That is about to expire. Should I renew the warranty?

    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.

    Social Media Etiquette

    Social Media Etiquette

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

    Whether you own a business or are trying to advance your career, social media has become a powerful to for courting customers or just getting your name out there. But it can also be a double-edged sword. Things you should do and things you shouldnt to promote yourself and your business on Facebook, Twitter, and all the rest.Today on MoneyWise Rob West and Steve Moore will share them with you. Next, they answer your questions at (800) 525-7000 and questions@moneywise.org about the following:

    -My husband died as the result of his time in the military. I raised my 6 kids on my own. We found that the V.A. has a lot of programs that benefit the children of veterans.
    -Im 7 years from retirement and I started late. Whats the best investment vehicle for me in order to catch up?
    -Our church has had some financial problems. Should a church have savings or a cash reserve?
    -I am 2 years out of college and have started my new job, but I feel like I should shift my focus to firefighting. I have some student debt, and changing jobs will bring a significant pay cut. What do you suggest?


    Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

    Choosing ad Medigap Plan

    Choosing ad Medigap Plan

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

    Youve just turned 65 or you are about to.You have to sign up for Medicare, and maybe even a Medicare Advantage Plan. But now that youve reached your golden years, is that alltheinsurance you need?Well, theres one more piece of the insurance puzzle you may want to consider - aMedigappolicy. It could save you thousands in medical bills. Our host, Kingdom Advisors President Rob West has what you need to know about Medigap plans. He gives information on what exactly they are, compares Medigap to Medicare Advantage, the costs and what exactly they cover. In todays show we also answer your questions:

    How do you budget with a variable income?
    How do you choose between a lump sum and monthly payments for a pension payout? What are the tax implications?
    What is the best way to start investing?

    To ask your questions, call (800) 525-7000 or email them atquestions@moneywise.org. Also, visit our website,moneywise.org,where 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!And remember that its your prayerful and financial support that keeps MoneyWise on the air. You can help us continue this outreach by clicking the Donate tab at the top of the page.

    Using HELOC To Speed Up Mortgage Payoff

    Using HELOC To Speed Up Mortgage Payoff

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

    Have you ever heard of a Rube Goldberg Contraption? Its a machine that performs a simple task in a very complicated waynot exactly what you want to pay off your mortgage more quickly! Nevertheless, there are oodles of systems out there that claim you can be mortgage free in just a few years. Today, Kingdom Advisors President Rob West explains whats behind the idea.

    I remember as a kid seeing cartoons of Rube Goldberg contraptions where you need a soup ladle, a bird, a clock, and a skyrocket all working in sequence just to dab your face with a napkin. Are we saying that these speedy mortgage payoff systems are like that? No, but its still pretty complicated, while relying upon things to go perfectly as planned. If one link in the chain doesnt work, the whole thing falls apart.
    There are variations, but for any of them to work you have to have a healthy, positive cash flow. That means a significant amount of money left over at the end of the month. So, if youre struggling to meet your obligations now, this definitely isnt for you. The idea works like this: To start, you need a credit card that gives you a grace period of around 45 days to make a payment without hurting your credit score. Then you need to take out a home equity line of credit or HELOC. Then, in certain months, you put your entire paycheck towards your mortgage. The amount above your normal payment goes against the principal, of course. Meanwhile, you use the credit card to pay for all your other expenses, running up a tab there. Then, when that cards grace period is about to end, you pay off the entire credit card balance with the HELOC.(You still with me?)
    Then, instead of your mortgage, you use yournextpaycheck to pay off the HELOC balance. And you do that over and over again.
    So unless youre awfully good at staying on a budget, youll end up just borrowing even more and racking up more interest.So, yes, a scheme like this looks great on paper if everything works perfectly. But in practice,thats another matter.
    What does the Bible have to say about this? Generally, I think that borrowing to save is hardly biblical stewardship. Proverbs 22:7 warns that the borrower is slave to the lender. Youre always borrowing from two lenders to pay off a third, in a sense, floating your debt around in a circle.
    Our advice? Take whatever discretionary income you have and put it directly on your mortgage principal. Skip the credit card and HELOC idea. Its a lot simpler, and you dont have to pay anyone $2,500 to get started.

    Here are some questions we answered from our callers on todays program:

    I have some money both in checking and savings. What do you think about investing in physical metals like silver and gold?
    What do you think about additions to homessunrooms, extra rooms, etc.?

    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.

Customer Reviews

4.9 out of 5
46 Ratings

46 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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