Here's what a second Trump term could mean for your wallet and break down what affect it will have on tax rates, tariffs, and the stock market.

A look at the benefits of 403(b) retirement plans for pastors including: - triple tax benefits - flexible design - housing allowance provisions - high contribution limits - easy set up and maintenance

On this month's Money Minute: - Practical ways to save at the grocery store - Apple uses spycraft techniques to protect its secrets and catch leakers - Investors lost out on 15% of their returns in the past 10 years because of bad timing - Do Vanguard and Blackrock secretly run the world?

Last episode, we talked about one of my favorite tax saving strategies. And if you liked that one, you may like this one 3x as much! Because we’re looking at 3 more strategies to save on taxes in retirement.

Would you like tax-free income in retirement?Today, I want to tell you about one of the best strategies to help you not get killed in taxes when you retire.

The 2024 election is just a few weeks away! Here is a breakdown of Donald Trump's specific economic proposals and how they might affect our economy and the national debt. Be sure to check out the companion episode where we break down Kamala Harris' economic policies – https://youtu.be/6ZblcJSCla8

The 2024 election is just a few weeks away! Here is a breakdown of Kamala Harris' specific economic proposals and how they might affect our economy and the national debt. Be sure to check out the companion episode where we break down Donald Trump's economic policies – https://youtu.be/9UWUNsgexHU

Nate's favorite articles from September: - Interest rates drop half a percent (and may drop another half percent by the end of the year) - How common is your birthday? - What Americans think they need in order to be wealthy - Median household income tops $80,000

Unpacking a list of the top 20 mistakes investors make and how you can avoid them.

Unpacking a list of the top 20 mistakes investors make and how you can avoid them.

A conversation with Dan Murray of ⁠TheMinistryBooks.com⁠ and Fred Murray of Southern Hills Church in Las Vegas, Nevada.

A conversation with Dan Murray of TheMinistryBooks.com and Fred Murray of Southern Hills Church in Las Vegas, Nevada.

- Federal Reserve signals it's ready to start cutting interest rates soon - New real estate commission rules just went into affect, what does it mean for buyers/sellers? - How famous athletes and celebrities get financially duped - Chick Fil A launching steaming service focused on "family-friendly" entertainment

You've got Social Security questions, and I've got Social Security answers!Today we're covering important aspects of Social Security that you need to know:1. How is SS calculated?2. What benefits are included in SS (more than you probably thought)?3. When should I start claiming SS?4. SS claiming strategies that often get overlooked

Retirees have two massive challenges when entering retirement: nobody knows how long they'll live and nobody knows what the market will do in the short term. So what's the best strategy for spending your nest egg?

Is an annuity a good way to generate passive guaranteed income in retirement? In today's episode we break down what an annuity is, the major downsides of owning an annuity, and why an annuity might still be a good solution in some cases.

Can you guess what the best-performing stock of all time is? What happens when you give people $1000/mo for free? France's new left-wing party won the election and wants to tax the wealthy at 90%. Southwest is finally abandoning open-seating.

Last year, Josh and Emily Hall fulfilled their dream of living abroad in Europe for 9 months. They managed to do it all without selling their house or quitting their jobs, and they only ended up spending $15,000 more during those 9 months than they would have back home in North Carolina!We talk about the highlights of their trip as well as the challenges (like getting stuck in Israel during the October 7 attack!), and how this experience shaped their view of money and its role in their lives.

Last year, Josh and Emily Hall fulfilled their dream of living abroad in Europe for 9 months. They managed to do it all without selling their house or quitting their jobs, and they only ended up spending $15,000 more during those 9 months than they would have back home in North Carolina!We talk about the highlights of their trip as well as the challenges (like getting stuck in Israel during the October 7 attack!), and how this experience shaped their view of money and its role in their lives.

June 2024 Money Minute. New report shows than "hidden" home costs now top $18,000 a year for average home. Americans are spending more than ever on restaurants. The Texas Stock Exchange is set to open later this year in Dallas. NBA close to finalizing new TV deal worth 2.5x more than its current one.

Harley Snode with Inspire Counseling Ministries joins me to discuss the intricate relationship between our money and our mental health: - How does our upbringing and childhood shape our view of money? - Are our money decisions based more on math or emotion? - How do envy and social comparison rob us financial security? https://inspirecounsel.com/ https://www.facebook.com/harleysnode

How often should I reevaluate my investment strategy? (1:30) How much can I safely withdraw from my retirement account? (6:48) Can churches give a tax-free gift to their pastor at retirement? (15:50) Law of diminishing returns in your personal finances (21:56) When is it ok to withdraw from my IRA? (32:34) Thoughts on IULs (indexed universal life insurance) (38:18) Links: https://www.clergyfinancial.com/is-a-pastors-retirement-gift-taxable/ https://pastorswallet.com/are-gifts-to-retired-ministers-taxable/ https://www.honestmath.com/iul

- Summer is here! How much should you allocate for yearly getaways? - Social Security reserves are projected to be depleted by 2033, then what? - Jim Simons ran the Medallion Fund for 30 years with a staggering 66% average annual return! - The case for why Americans are overestimating how good of an investment real estate will be in the future

Years ago, Warren Buffett stood in front of a room of college students and offered them a simple thought experiment - instead of investing in a stock, what if you could invest in one of your friend’s and get 10% of their income for life? Who would you choose and why? 

The 2024 Presidential Election is fast approaching, and many important economic questions remain unanswered. With all this political uncertainty, is now the time to be making strategic changes to your investments?

A quick roundup on some of the most interesting articles this month... - 14 States Where You Can Still Buy a Home if You Make Less Than $75,000 - Trillions of cicadas will emerge this summer in the largest insect emergence in centuries - How the Interstate Highway System Transformed American Industry - Most Americans Would Rather Be Happy Than Rich

In her famous article "Regrets of the Dying", palliative nurse Bronnie Ware outlines the 5 most common regrets people express at the end their life. https://bronnieware.com/blog/regrets-of-the-dying/ Paul Graham took inspiration from her article and developed "Five Commands for Life" as an antidote to a life of regret.

Is there an easy way to determine how much you should have saved by the time you retire? Today, we talk about the Rule of 25 and how you can use it to gauge your progress toward retirement.

A quick roundup on some of the most interesting articles this month... - Nvidia CEO wishes Stanford students "ample doses of pain and suffering" - 13 budget-friendly places where Americans can retire on $1500/month - Jonathan Haidt writes about how smartphone use has negatively affected American youth, and what we can do about it - Mr Beast links up with Amazon to produce gameshow with $5 million grand prize

Paul McWilliams is a financial advisor and pastor’s kid who works with pastors and churches all across America.  In today's episode, we discuss why 403b retirement plans are incredibly helpful vehicles to help pastors and church leaders save for retirement, save on taxes, and be wise managers of their financial resources. Connect with Paul: https://www.inspireadvisors.com/financial-advisor/paul-mcwilliams Pastor's Wallet Article: https://pastorswallet.com/how-can-a-church-sponsor-a-retirement-plan/

A quick roundup on some of the most interesting articles this month... - Apple rumored to be working on making a foldable iPhone - Elon Musk's Neuralink completes first successful brain chip implant in a human - Deepfake scammers dupe company out of $25 million - US returns to the moon for the first time in 50 years

When does it make sense to hire a financial advisor? Do you even need a financial advisor?? In today's episode, I’m going to give you 5 factors to consider when deciding whether to enlist financial guidance.

We like to focus on "what" financial decisions to make (account types, interest rates, tax strategies, etc.) but we don't spend nearly enough time focusing on "why" we're spending our money. Today we'll talk about: - What exactly is a Financial "Why" Statement? - 3 questions to help you develop your own Financial "Why" Statement - How I recently used my Financial "Why" Statement to make a difficult financial choice

A quick roundup on some of the most interesting articles this month... - Which countries could you move to where you get the most bang for your buck? - 10 million workers got a raise but the federal minimum wage is still at $7.25 and hasn't changed since 2009 - 2023 was a big year for entrepreneurship, especially home service businesses - A few reasons why your pastor probably isn't paid enough

My guest, Jake Ridley, joins me to discuss the very important topic of Biblically Responsible Investing. - How does BRI work? - Are there any downsides to investing in BRI funds? - How does one compare/evluate different BRI funds to know which is best? - Should Christians invest in BRI funds or are they better served with a more traditional investing approach? Jake's article on Biblically Responsible Investing: https://churchfiduciary.com/biblically-responsible-investing-a-comprehensive-guide-and-fund-analysis/ Jake Ridley: https://astoriastrategicwealth.com/about-us/jake-ridley-team-member-page/

A look back on some of the most surprising things we learned last year. Full list of facts here: https://theideafarm.beehiiv.com/p/75-facts-2023

Here's Part 2 of my conversation with Kurt Skelly about the ongoing conflict in the Middle East. - What is God's purpose for Israel? - How does the current conflict in Gaza fit into the bigger picture? - How do we frame our view of these events in a biblical way? Watch Kurt Skelly's full message on the topic: http://bit.ly/4aBdjzy

We're calling a little bit of an audible on this episode of the Financial Pathway podcast. I originally asked my dad, Kurt Skelly, to join me on the podcast to tackle another financial topic. But with the October 7 attack on Israel and subsequent war in Gaza, we thought it best to focus this conversation on a topic that's been on a lot of our hearts and minds recently. - What is God's purpose for Israel? - How does the current conflict in Gaza fit into the bigger picture? - How do we frame our view of these events in a biblical way?

Every organization, business, or church faces the same challenge - how do we effectively get our message to our desired audience? My guest, Will Hamilton, recently moved from Kansas to Tampa to be part of the launch team for Redemption Church. Will owns his own marketing business, and in today's episode we talk about the most effective ways to use social media, google, and similar channels to reach people. By the way, if you are a church looking to increase your reach through video content you need to check out Will's new service at churchposting.com. They will take your existing video content, make short form clips, and share them to multiple platforms - it's an easy way to increase your visibility by thousands of views every month. Will Hamilton: ThriveTampa.com ChurchPosting.com [email protected]

A quick roundup on some of the most interesting articles this month... - Everyone wants to be rich... but nobody talks about the downsides - The National Association of Realtors loses landmark class-action lawsuit. Will this lead to lower commissions and a mass exodus of realtors from the industry? - New data from the Federal Reserve reveals how much the average American is worth by age - A Canadian millionaire decides to stop waiting for government and takes matters into his own hands to combat homelessness

Dan Murray is the owner of Ministry Books. He partners with churches and business to assist with their bookkeeping, payroll, and financial consulting. We talk about the importance of solid financial management, common mistakes in how churches/businesses handle their books, and why he's seen a huge level of interest in Ministry Books within their first year. Dan and I share a lot of the same passions - finance, ministry, and even the Dallas Cowboys! I know you’ll enjoy hearing his story on the podcast today. 

A quick roundup on some of the most interesting articles this month... - Make sure you're not leaving money on the table during open enrollment season - 5 tricks to overcome decision paralysis - Billionaire lives modest lifestyle so he can give away $8 billion - State-by-state breakdown of how much each state's residents pay in taxes

Tim McKee is a CPA, Personal Financial Specialist (PFS), and a RamseyTrusted Tax Advisor. He provides tax preparation and tax advice to individuals and small businesses. In today's episode, Tim explains the important difference between a tax preparer and a tax advisor. He also shares some of the best tax strategies that help you be proactive and minimize taxes by avoiding the "income tax bomb".

A quick roundup on some of the most interesting articles this month... - Americans preference for larger families at highest level since 1971 - What does the American Dream really mean to you? - Bargain megastore Costco now sells gold bars - An interactive map that helps you find your ideal place to live

There are thousands of finance books out there. Today, I'll share four that are absolute must-reads. Bonus: three honorable mentions + a pre-recommendation of the next finance book I'm excited to read!

When it comes to church giving, the 80/20 principle holds true (in fact it might be more like 90/10!). Most of the giving comes from a small percentage of the church membership. This is because some church members will have a disproportionate capacity to give in a much bigger way. Today, I'll highlight four strategic ways to make a big gift to your church while minimizing taxes and maximizing impact.

A quick roundup on some of the most interesting articles this month... - How Americans attitude toward tipping has soured in the last few years - Politics is big money and that's not changing any time soon - Why new home buyers are opting for newly constructed homes - The slow death of cable tv

Jeremy DeSpain is the lead pastor of Bible Baptist Church in Port Orchard, WA, and hosts the Actual Faith YouTube channel. Last year, Jeremy joined me on the podcast to discuss his journey from being in the financial services industry years ago to his current role as a full-time pastor. Well, since that episode, Jeremy has decided to step back into financial world by starting his own investment advisory firm as something he does in addition to pastoring. In today's episode, I talk with Jeremy about what it's really like to be a financial advisor, what we wish more people understood about our industry, and why getting financial advice from a knowledgable and ethical source is so crucial. Jeremy's new firm: https://adventcapitalstrategies.com/