3 Financial Mistakes Young Adults Should Avoid with Rachel Wong

Manually setting aside money every month can be challenging. That’s why automating our savings can help when we struggle with consistency.

Tip: Automate savings and retirement contributions. Set up a monthly transfer to ensure consistency, regardless of life’s demands.

Teaching Young Adults to Manage Money Biblically

The curriculum’s student-led approach makes it relatable and impactful. It’s not just theoretical; it equips participants with tools to live below their means, practice generosity, and plan for the future.

Money is a resource God has entrusted to us. Managing it wisely allows us to live generously and reflect His abundance. Start today and set yourself on a path of faith-filled financial stewardship.

On Today’s Program, Rob Answers Listener Questions:

• What are your thoughts about a company called Thrivent Financial? Are they a reputable and trustworthy company that does a good job? Also, would moving around $150k from my 401(k) into an annuity with a 1.1% fee and a 6% guarantee be a good move?
• Can I do a home equity line of credit to pay off some of my debt, like a few credit cards and some accumulated bills?

Resources Mentioned:

• Faithful Steward: FaithFi’s New Quarterly Publication
• Open Hands Finance
• Look At The Sparrows: A 21-Day Devotional on Financial Fear and Anxiety
• Rich Toward God: A Study on the Parable of the Rich Fool
• Find a Certified Kingdom Advisor (CKA) or Certified Christian Financial Counselor (CertCFC)
• FaithFi App