“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” - Proverbs 11:14 Those are wise words in any situation, but particularly when it comes to your finances. Are you seeking the safety of a wise financial counselor? Rob talks about that first with Rachel McDonough. This is Faith and Finance Live - biblical wisdom for your financial decisions. Rachel McDonough is a Certified Financial Planner and a Certified Kingdom Advisor and she’s seen first hand the benefits of getting outside advice on managing money. Rachel and Rob cover these topics and questions:<ul><li>Why is it especially important for Christians to seek wise counsel about their finances? By that I mean someone whose values align with ours?</li><li>A lot of times we think wise counsel involves only investments but there’s much more to financial planning, wouldn’t you agree?</li><li>What do we want to look for in a financial advisor?</li><li>Can you share a story about how solid, biblical advice helped someone become a better steward of God’s resources?</li><li>We’re just about out of time, but Rachel, how does someone go about finding wise financial counsel?</li></ul>On-Air Mention:<ul><li>In addition to the wisdom that Rachel shared on today’s program, you may want to take the next step and find a local professional in your area who can provide counsel that aligns with your Christian values, too. Consider finding a local Certified Kingdom Advisor. </li><li>These financial, insurance, and legal professionals have completed a certification program to give biblically wise financial advice as part of their practice. They’re located across the country, and you can find a local CKA professional by going to faithfi.com and clicking the "Find a CKA" button on the homepage.</li></ul>FaithFi App:<ul><li>It’s a New Year, so it’s naturally a good time to review your budget. To help, we’re offering special savings when you download the FaithFi app! Not only can you manage money like other leading apps, but you will also get access to leading biblical financial resources and a community of like minded believers. No other finance app offers all these elements in one place specifically built for Christians. Go to faithfi.com and click “App” to get started. And know that when you use the app, you’re helping fund our ongoing outreach to share God’s financial principles with others.</li></ul>Next, Rob answers these questions at <a href="tel:8005257000">800-525-7000</a>
or via email at <a href="mailto:askrob@faithfi.com?subject=Faith%20and%20Finance%20Listener%20Question&amp;%20Finance%20Listener%20Question">askrob@FaithFi.com</a>:<ul><li>If you got behind on some credit cards during COVID on small business expenses, if you wish to now pay off the debt, should you opt for paid in full or settled in full as the resolution?</li><li>What is the best way to pay off your mortgage if you cannot quite make 2 payments per month?</li><li>If you're 60 and you get a housing allowance, how can you determine whether you should pay off your house or just put that amount in a CD since you suspect you might lose the allowance if the house is paid off?</li><li>If you wife is 67 and is currently collecting $1,200 per month and you're 63 and still working and expecting $3,400 meaning she should begin collecting yours gaining $500 per month, does she have to wait until you begin collecting benefits to begin collecting on you?</li><li>How should you handle being bothered by an apparent division between Protestant believers and Catholic believers?</li><li>Is a bi-weekly principal payment on your mortgage just as effective as a single, one-time payment principal payment?</li><li>If you're debating putting surplus savings into an online bank vs. a CD where the money isn't as available, what factors should you consider to decide this?</li><li>If you husband is 65 and you're almost 60, you plan to retire this year but cannot get life insurance and long term healthcare and you'd like to incorporate some sacrificial giving, how can you determine how much is enough for your retirement savings?</li><li>If you're expecting your parents to stay with you soon, how can you decide whether to add onto your house or go looking for a larger one?</li></ul>Be sure to check out the rest of <a href="https://www.faithfi.com/">FaithFi.com</a> to access our books and our many free helpful resources. You can also find us on <a href="https://www.facebook.com/faithfiofficial">Facebook Faith and Finance (Live)</a> and join the conversation. Thanks for your prayerful and financial support that helps keep Faith and Finance (Live) on the air. And if you'd like to help, just click the <a href="https://moneywise.netviewshop.com/nov22web">Give</a> button.

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“Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” Those are wise words in any situation, but particularly when it comes to your finances. Are you seeking the safety of a wise financial counselor?

Seeking Wise Financial Counsel With Rachel McDonough

FaithFi | Jan 18, 2023

Show Notes

Where Faith Meets Finance

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