Silicon Valley Bank is the 2nd largest bank collapse in US history. Its failure has sent shock waves through the American banking system. Is this a sign of things to come or merely an isolated incident? In today's episode, we'll explain how one of the country's largest banks ended up insolvent and what lessons their story has to teach us.
A quick roundup on some of the most interesting articles this month... - Republicans propose a 30% national sales tax that would replace the current income tax system - New survey shows credit card dependency at an all-time high in the US - What were the most searched for investment topics of 2022? - How much money do you have to make to be in the top 1% in your state? Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5...
Paradox: a seemingly absurd or self-contradictory statement or proposition that when investigated or explained may prove to be well founded or true. The Bible contains many truths that at first glance may seem to be at odds with each other: humility is the way to exaltation, lose your life in order to find it, when we are weak then we are strong, etc. That brings us to the paradox of the day: is money a blessing to be enjoyed or do we need to give our money away in order to be blessed? Email: in...
A quick roundup on some of the most interesting articles this month... - A new survey shows which professions are considered the most honest and ethical by the public - Ten cutting-edge technologies that could change our lives the most in 2023 - An explanation of why super-rich people are almost a mathematical certainty in every society Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
A brand new bill was just signed into law at the end of 2022. This new piece of bipartisan legislation known as SECURE 2.0 builds on previous changes made to retirement rules in the US. Here's what you need to know about the changes that are coming this year and in the next few years to come...
We're coming off one of the worst years ever in the investment markets. 2022 was the 7th worst year for the S&P 500 and the worst year ever for 10 year treasury bonds. The question of the hour is: are we in for more of the same this year or should we expect a turnaround? Today, we're going to look at what the top investment firms are predicting in 2023, and ask how much confidence (if any) we should have in economic forecasts. Forecast list: https://serebrisky.com/2022/12/29/economic-and-inv...
A quick roundup on some of the most interesting articles this month... - A closer look at the unique business model of Chick Fil A - Exploring 100 years of the most popular Christmas toys - A simple calculator shows you how your wealth compares to the rest of the world Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
The biggest tax benefit available to pastors is the ability to claim part of their pay as housing allowance. But did you know that pastors may also be able to claim housing allowance on withdrawals from their retirement account too?! In today's episode we'll talk about how using a church-sponsored 403b plan allows pastors to save thousands of dollars in taxes and maximize every dollar they save for retirement. Email: info@nateskelly.com Website: https://www.nateskelly.com/ Facebook: https://www....
Here are 10 practical ways you can set yourself up for financial success in 2023. Remember that the end of the year often brings financial opportunities if you'll take the time to plan ahead. Email: info@nateskelly.com Website: nateskelly.com Facebook: facebook.com/financialpathwayllc
A quick roundup on some of the most interesting articles this month... - FTX crypto exchange collapses amid allegations of fraud and mishandling of client funds - Frontier Airlines looks to shake up the airline industry with a unique yearly pass offer - Jeff Bezos has pledged to give away the bulk of his fortune within his lifetime - Google pays hundreds of millions for its lack of transparency in collecting user info Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5...
Co-vocational ministry is on the rise. A growing number of pastors, either by choice or out of necessity, earn part of their income in secular employment. Our guest, Ryan Flanders, talks about his journey as a pastor and entrepreneur, why he intentionally chose co-vocational ministry, and the benefits of a co-vocational approach. Ryan is the founder of "Develop My Ministry" which exists to equip pastors in their walk and in their work. They equip primarily through pastor gatherings, consulting a...
History tells us that the most consequential issues for voters usually are the ones that affect their wallet (jobs, economy, inflation, etc). The 2022 Midterm Elections look like they will follow the same pattern. But how much immediate affect do these elections have on our economy and the stock market? What should we expect to see in the days after the election?
A quick roundup on some of the most interesting articles this month... - Five things every church should be aware of when it comes to their pastor's salary - FAANG stocks have fallen back to earth after strong 2020 and 2021 - Will the four-day workweek eventually replace the five-day workweek? - New bill aims to fix some glaring issues with Social Security Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
We are in a new era of financial advice. And I for one am very excited about it! The tools and technology available to us today allows advisors to give better advice, to reach more people, and to answer more money questions than ever before! In this episode, I walk through the history of the financial services industry and how each new era brought changes to the ways people received financial advice. At the end I'll talk about this new era we are in and how financial advice is changing for the b...
Drayton Smith is the Director of Ministry Village in Pensacola, FL. Ministry Village is an extension of Olive Baptist Church and ministers to Escambia County residents affected by hunger, addiction, homelessness, and more. Drayton and I talked about his role and the 5 unique ministries he oversees through Ministry Village. He shared some of the biggest blessings and challenges of running a non-profit that serves the most vulnerable people in the community. Drayton also shared some advice for how...
A quick roundup on some of the most interesting articles this month... - Housing market cools as mortgage rates continue to climb - A breakdown of which states/cities offer the most and least amount of elbow room - Housing market and stock market gains in 2021 created 5 million new millionaires worldwide Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
Dr Brian Nall is the executive director of the Pensacola Bay Baptist Association, a local association of about 60 churches in Escambia County Florida. Brian assists these local congregations in three primary areas: 1. Encourage - providing professional and spiritual support for pastors 2. Equip - training and resources for church leaders 3. Engage - cooperate and serve together to reach the community for Christ One of the most important services that Brian provides for churches is a top-to-botto...
For most of us, we already know where we could do better in our finances: saving, budgeting, overspending, etc. That's not the problem. The problem is learning how to be consistent in those areas. Today we're going to look at the best-selling book, Atomic Habits, by James Clear and talk about how we can use his framework to break down bad financial habits and replace them with healthy ones.
A quick roundup on some of the most interesting articles this month... - What's in the newest spending bill from Washington - Have you heard of the new trend popular with Gen Z workers: "quiet quitting"? - Latest research shows how much the average American family spends per child from birth to 17 years old Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
Over the past couple years I've heard some truly appalling examples of "financial advice". Many of these ill-conceived ideas have been spread through social media. As with anything on the internet, it's always advisable to receive advice with a healthy dose of skepticism. In today's episode, I want to share four examples of bad financial advice that I've heard multiple times in the past year alone. Email: info@nateskelly.com Website: https://www.nateskelly.com/ Facebook: https://www.facebook.com...
Considering the current political landscape, you might be thinking about making changes to your financial strategy. Is it time to buy the dip or keep my money on the sidelines? Should I buy real estate? Gold? A doomsday bunker in Wyoming? Today, I'm going to tell you that while your concerns are understandable, it is almost always unwise to mix politics with investing. I'll give you four big reasons why getting political with your money will likely cost you in the long run....
A quick roundup on some of the most interesting articles this month... - 72 Cities are offering thousands of dollars in incentives to new move-ins - Family fun has gotten a lot more expensive since 1960s, everything from baseball games to movies to Disneyland - There's a reason you probably didn't throw away your iPhone case, the surprising science that goes into Apple's product packaging Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5...
Over 2 years ago, I uploaded this episode during the height of the COVID shutdowns and uncertainty. What was said during that market downturn still rings true and will ring true during the next one too.
Kurt Skelly is back to talk healthy church culture and compensation. (4:20) Evaluating church culture when moving ministries (10:12) Building a healthy church culture (16:12) How to measure church health (21:00) What do you use to determine fair compensation for church staff (34:20) Response to improving compensation (38:30) Revisiting job descriptions (46:40) Adjusting pay on yearly basis (48:20) Connect with Kurt Skelly Everyday Truth podcast: https://podcasts.apple.com/us/podcast/everyday-tru...
A quick roundup on some of the most interesting articles this month... - Bitcoin is down over 70% from its 2021 peak, and the crypto market has lost over $2 trillion in market value - iBuyers are using algorithms to snap up thousands of properties nationwide, but will their impersonal real estate investing approach work? - Bonds are supposed to be your "flotation device" when the stock market dips, but what should you do when they're down too? Sign up for Money Minute email here: https://mailchi...
Money is a very emotionally charged topic. It's part math/part human psychology. Many of us would prefer to avoid it altogether. But a healthy marriage requires honesty and communication, yes, even about our money. In this episode, I share 3 "rules of engagement" for how to approach these conversations followed by 3 practical steps to having a money conversation that actually leads to positive change.
Getting life insurance one of the most important financial decisions you can make and one of the easiest to implement. But how much coverage is appropriate? In this episode, we'll explain 3 specific methods you can use to figure out how much life insurance you need. Email: info@nateskelly.com Website: https://www.nateskelly.com/ Facebook: https://www.facebook.com/financialpathwayllc
A quick roundup on some of the most interesting articles this month... - New data shows some encouraging signs that inflation may be cooling down, but food and energy prices remain high - For years, Apple has been working on building an electric, autonomous car that would rival Tesla - In many areas around the country housing prices have more than quadrupled since 2000 Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5...
The average American household spends about $7000 (~12%) of their yearly budget on food alone! And with the abundance of food options in the US, you better believe restaurants have got a few advertising tricks up their sleeve. In today's episode, we'll share 7 sneaky ways restaurants get you to spend more, stay longer, and come back more often. Email: info@nateskelly.com Website: https://www.nateskelly.com/ Facebook: https://www.facebook.com/financialpathwayllc
The biggest tax benefit available to pastors is the ability to claim part of their pay as housing allowance. But did you know that pastors may also be able to claim housing allowance on withdrawals from their retirement account too?! In today's episode we'll talk about how using a church-sponsored 403b plan allows pastors to save thousands of dollars in taxes and maximize every dollar they save for retirement. Email: info@nateskelly.com Website: https://www.nateskelly.com/ Facebook: https://www....
