Search Results for: savings

April 7, 2012 Money Wise Weekend

Investing Advice (with Dave Szafranski) – Howard Dayton and Steve Moore are joined by investment advisor Dave Szafranski and offer investment insights from God’s word (steady plodding, diversification, getting wise counsel) and then take questions from listeners (800-525-7000 or moneywise@compass1.org):

  • “Do you have suggestions for monetary baby gifts, grandchildren’s birthday, etc? Are savings bonds still a good idea? “
  • “How do we invest a substantial amount of retirement savings?”
  • “Is it a good idea to cash in my 401(k) to pay off my home? Are there advantages to putting future money into a Roth IRA instead of the 401(k)?”

Resources mentioned on today’s program include Howard’s book, Free and Clear, as well as the book (and CD) Money & Marriage God’s Way.

Thanks for your prayers and generous financial support which allow us to keep MoneyWise on-the-air!

March 30, 2012 Money Wise

Bad Credit Choices – Howard Dayton and Steve Moore reveal the types of loans and credit you should avoid. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following:

  • What steps can you take to stop spinning your wheels and move toward financial freedom?
  • We need to sell land that is now worth less than what we owe. What are our options?
  • After receiving $9,000, would it be best to apply that money to debt, emergency savings or to buy a home?
  • Would a bill consolidation loan hurt my credit?
  • What is the best way to pay for wedding costs?
  • What can I do when a gym is still draft money from my account after cancelling membership?
  • What is an interest-only mortgage, and is that something you would recommend?

Be sure to check out the Compass website for a complete listing of helpful resources and radio archives.

Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

March 20, 2012 Money Wise

Investing Advice (with Dave Szafranski) – Howard Dayton and Steve Moore are joined by investment advisor Dave Szafranski and offer investment insights from God’s word (steady plodding, diversification, getting wise counsel) and then take questions from listeners (800-525-7000 or moneywise@compass1.org):

  • “Do you have suggestions for monetary baby gifts, grandchildren’s birthday, etc? Are savings bonds still a good idea? “
  • “How do we invest a substantial amount of retirement savings?”
  • “Is it a good idea to cash in my 401(k) to pay off my home? Are there advantages to putting future money into a Roth IRA instead of the 401(k)?”

Resources mentioned on today’s program include Howard’s book, Free and Clear, as well as the book (and CD) Money & Marriage God’s Way.

Thanks for your prayers and generous financial support which allow us to keep MoneyWise on-the-air!

March 15, 2012 Money Wise

Trusting God Through Financial Hardship– Howard Dayton and Steve Moore discuss trusting in the Lord to meet your needs and see you though difficult times. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following:

• “Should we use savings or take out a loan to help cover living expenses while in college?”
• “If I enter into a short sale agreement, as a Christian, am I morally obligated to repay the deficiency?”
• “Should I purchase a building on behalf of a ministry that I lead?”

And be sure to check out the Compass website for a complete listing of helpful resources and radio archives.

Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

March 12, 2012 Money Wise

What Road Are You On? – Does the road you’re on lead to true financial freedom? If not, Howard Dayton and Steve Moore offer encouragement and practical advice to get you on track. The best place to start? With a free Compass Money Map.

Then they turn to listener questions (800-525-7000 or moneywise@compass1.org):

  • I’ve been doing my retirement saving in a government Thrift Savings Plan – what diversification options would you recommend? Also, how do I work my children’s education expenses and mortgage pay-off into the equation?
  • What’s your advice for selling an out-of-state rental home?
  • What are my options for tithing on an inheritance? Can it go to ministries other than my local church?
  • We’ve had a loss of income – can I go back on a promise to help my daughter and son-in-law with a house down-payment?
  • What do I need to know before getting into a ‘rent to own’ agreement?

One resource mentioned today was Howard’s book, ‘Your Money Map (also on audio CD)’. Check out our Resources page for even more help, including financial calculators, articles and downloadable spending plans.

Thanks for your prayers and ongoing financial support that help keep Money Wise on the air, and remember to let your station know that you enjoy the program.  But most of all, thanks for listening!

March 9, 2012 Money Wise

How to effectively market your small business – Howard Dayton and Steve Moore offer time-tested marketing advice for Christian entrepreneurs. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following:

  • Is it permissible for a Christian landlord to take tenants to court for non-payment?
  • After his home and business were leveled by an EF-5 tornado, an Alabama man shares his testimony of God’s faithfulness.
  • After receiving $9,000, would it be best to apply that money to debt, emergency savings or to buy a home?

For more information about today’s guest and the Sound Mind Investing newsletter, click here.

And be sure to check out the Compass website for a complete listing of helpful resources and radio archives.

Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

 

February 28, 2012 Money Wise

Compass Money Map / Destination 5 – Howard Dayton and Steve Moore review the first four stops on the journey to True Financial Freedom and take an in-depth look at Destination 5 – purchase an affordable home, start pre-paying on the mortgage and begin investing. You can download a free copy of the Compass Money Map by going to our website – www.compass1.org.

Next, they tackle questions from listeners (800-525-7000 or moneywise@compass1.org):

  • “We make a good living, but just can’t get on track with a budget”
  • “I’m thinking of cashing out an IRA to accelerate my mortgage pay-off”
  • “I need a place to invest my savings that’s easy to access”

Today’s resources include the free Compass Money Map (found in the Resources section of our website), the free Compass Spending Plan and Howard’s book, “Money and Marriage God’s Way” (also available on audio CD). He also refers to our budget coaches, available at no charge. Thanks for your prayers and generous financial support which allow us to keep Money Wise on-the-air!

February 23, 2012 Money Wise

Some Advice on Taking Advice – Howard Dayton and Steve Moore discuss what the Bible says about seeking good counsel, including seeking counsel from your spouse, seeking counsel from fellow believers, using Biblical discernment when picking your counselors, and seeking the counsel of many counselors.  Next they answer listener questions (800-525-7000 or MoneyWise @Compass1.org) about the following:

  • 403b: What is it and are there other options for me?
  • How to save for and plan for retirement when you’re older
  • Buying rental property in a potentially bad neighborhood
  • Whether it’s best to pay off credit cards first, add to your emergency savings, or contribute to your 401k
  • Recommendations for tools to help start a family budget, and
  • Scriptures that address diversifying investments

Thanks for listening and thanks for your prayers and generous financial support which allow us to keep Money Wise on-the-air!

February 21, 2012 Money Wise

Compass Money Map / Destination 4 – Howard Dayton and Steve Moore continue leading you along the journey to True Financial Freedom with a review of the first three destinations and an in-depth look at Destination 4 – saving for a home, retirement, children’s education and other major expenses.

Next, they tackle questions from listeners (800-525-7000 or moneywise@compass1.org):

  • My employer no longer matches 401(k) contributions – what adjustments should I make?
  • I’ve recently lost my husband – how do I invest my savings? (Howard recommends the website, SoundMindInvesting.com)
  • Are there advantages to a 15-yr mortgage vs just paying extra on a 30-yr mortgage?
  • My husband has had a recent gambling problem – should I handle the family finances?
  • What are ”T-bills’?

Today’s resources include the free Compass Money Map (found in the Resources section of our website) and Howard’s book, “Your Money Map” (also available on audio CD). In the closing of the program, Steve recommends that college students check out the Compass Collegiate Small Group Study. Thanks for your prayers and generous financial support which allow us to keep Money Wise on-the-air!

February 16, 2012 Money Wise

Taking the Sting out of Paying Taxes – Howard Dayton and Steve Moore revisit the age old question about whether God really requires us to pay our taxes.  The answer is yes, by the way.  Howard reminds us that God requires us to be good stewards of our money, but also to be in submission to the governing authorities over us, and that includes our being submissive in paying our taxes.  He mentions that you can get free help in filing your taxes, too.  Details are available at www.irs.gov.  Click on FREE FILE to get started.  This link includes a list of companies that offer free tax filing software. TurboTax is one such company that has a free edition for those who would file using IRS form 1040EZ.

Next, Steve and Howard answer calls and emails (800-525-7000 or moneywise@compass1.org) about the following:

  • What options should a retired person consider, upon realizing that savings and investments have lost value and may not be enough to cover expenses?
  • Is it a good idea to borrow against the value of a home in order to secure business debt, when the home finance interest rate is better?
Today’s resources include the nine-week small group study, “Navigating Your Finances God’s Way.”  Thanks for listening, and thanks for your continuing prayers and generous financial support that help keep “Money Wise” on-the-air!