MoneyWise

Rob West

One Week Financial Makeover

May 7, 2020
00:00 25:00

Anyone can experience financial hardship at any time. It’s a great reminder that God is our ultimate Provider. He’s promised to meet our needs and He’s always faithful. Still He expects us to do our part. Preparing for lean times is not only common sense it’s backed up by God’s Word. So what can you do to get ready? Financial planner and teacher Rob West has a list of things to get you started.

 

•          Proverbs 6: “Go to the ant, consider her ways, and be wise. Without having any chief, officer, or ruler, she prepares her bread in summer and gathers her food in harvest.”

•          Genesis 41: “ … and the seven years of famine began, just as Joseph had said. There was famine in all the other lands, but in the whole land of Egypt there was food.”

•          Day One: Take five minutes to sign up for a personal finance newsletter or blog. 

•          Day Two: Make a “to do” list of 10 financial tasks you’ve been putting off. 

•          Day Three: Do something. Pick one thing from your financial “to do” list and just do it. That’ll give you the satisfaction of crossing it off your list.

•          Day Four: Set up a system to track your spending.

•          Day Five: Try to identify one area a week where you can trim or cut something altogether.

•          Day Six: Work up your Mayday Budget.

•          Day Seven: Take some time to reflect and meditate on God’s Financial principles.

•          Philippians 4:19. It reads, “And my God will supply every need of yours according to his riches in glory in Christ Jesus.”

 

In today’s show we also answer your questions:

 

•           I have a farm and some rental property and about 40K in liquid reserves. Should we pay off one of these or buy a new property to bring in more money?

•           Should I withdraw my savings account?

•           Is it a smart to refinance now?

•           How do you know when it is smart to cash out a QDRO account?

 

Ask your questions at (800) 525-7000 or email them at questions@moneywise.org. Visit our website at moneywise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources.

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About MoneyWise

MoneyWise is a daily radio ministry of MoneyWise Media. Hosted by Rob West, the program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

About Rob West

Rob West is the host of the nationally syndicated radio programs MoneyWise and The MoneyWise Minute heard on more than 900 radio outlets each day. Rob also serves as the President of Kingdom Advisors, an international community of financial professionals who are specialists in delivering biblically wise financial advice. Rob serves as primary spokesperson for the organization and gives leadership to organizational strategy.

A radio veteran, Rob previously co-hosted a live, call-in, financial radio program with his father from 1998 through 2008 at WAFG, Fort Lauderdale, FL. Rob has dedicated his professional career to working at the intersection of faith and finance having led a successful faith-based financial services firm, serving as the host of several radio programs on a biblical approach to finance, and speaking frequently on the topic. Rob and his wife, Julie, live in Marietta, GA with their four children.


 

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