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-an...
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 v...
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 n...
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...
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 po...
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 ab...
Luke Clayton and I talk about our shared experience of starting and running a solo business. Luke is the found of Must Increase Media and he helps businesses (primarily churches) be excellent in their graphic design, web development, and video production. In this digital age, the opportunities to do remote work and start your own side hustle have never been easier. Luke and I talk about the pros and cons of running your own business, learning time management, and the importance of investing in y...
A quick roundup on some of the most interesting articles this month... - Could the Federal Reserve be done raising interest rates? - Alef designing flying car with vertical takeoff/landing - Taylor Swift tour to create over $5 billion in economic activity - New app can count calories based on a picture Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
Envy, jealousy, and comparison have been around as long as there have been people. But social media creates a new environment for these impulses to wreak havoc. It has rightly been said that "comparison is the thief of joy". Today we talk about how social media has given rise to new generation of "fake rich": people who publicly flaunt their material success but in reality are broke and in debt. Article from John Rampton: https://due.com/fake-rich/...
Dustin Alley is a former Marine and the pastor of Liberty Baptist Church in Bristol, CT. He recently founded the Men After God community which is designed to help men ages 27-45 with a family achieve Godly success with a thriving faith and family. We talk about what led him to start this movement, why young men are particularly susceptible to unhealthy obsession with personal success, and how true success flows out of a healthy relationship with God and with your family. Men After God website: h...
A quick roundup on some of the most interesting articles this month... - In which states do residents pay the most sales taxes per person? - Amazon may look to boost its Prime offering by adding low cost wireless service - Tiny home living is looking more appealing (and affordable) - The evolution of famous brands' websites Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
A quick roundup on some of the most interesting articles this month... - Do you have what it takes to cut the deficit and lower the national debt? It's a lot harder than it looks - Three reasons why the US dollar won't be replaced as world reserve currency any time soon - Ranking the 100 most visible brands by their reputation score Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
We made it to episode 100!!! Thank you everyone who has listened and supported the podcast along the way. Today I'm going to share: - a quick review of how we got here - one of my favorite stories/lessons I've learned in the last 3 years - where the podcast is headed from here Email: info@nateskelly.com
The US faces a looming debt crisis that threatens to shut down the government and even possibly send us into default. Here's what you need to know about the current debt crisis and how it may affect you. Visual mentioned in the episode: https://theirrelevantinvestor.com/2020/06/10/there-are-always-reasons-to-sell/ Email: info@nateskelly.com Facebook: https://www.facebook.com/financialpathwayllc
Whenever I get to have an initial conversation about money, I always like to ask the same question. In fact, I think it's the most important financial question you will ever answer. And the reason it's so important is because I can't begin to give any advice or draw a "financial map" until we get really clear about where it is you want to go.
A quick roundup on some of the most interesting articles this month... - New mortgage fees for high credit borrowers and lower fees for low credit borrowers - How long does it actually take your money to double? - America's most (and least) expensive cities based on purchasing power Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5
It seems I'm hearing about the CFP® designation more than ever these days - from commercials to conversations to even Jeopardy! But what does being a CERTIFIED FINANCIAL PLANNER™ even mean, and does it matter whether an advisor is one or not?
Joshua Hershberger is an attorney, minister, and speaker. He founded the Good Citizen Project to equip Christian leaders to be Gospel-centered citizens. In this episode, Josh and I talk about religious freedom, politics, court cases, and citizenship from a Christian worldview. Be sure to connect with Josh on his website https://www.goodcitizen.us/ and receive helpful resources for your church.
We're way overdue for another "ask me anything" episode. Thanks everyone who sent in questions! How do I choose the best side hustle? (2:00) What's the best and worst of Dave Ramsey's advice? (11:24) Tithing vs grace giving (16:01) Borrowing from your life insurance policy (19:50) Best apps for managing your money (23:01) Where should I put my savings? (25:24) Should I invest in gold (or silver) (28:12) Email: info@nateskelly.com Website: http://nateskelly.com Facebook: https://www.facebook.com/...
