Financial Pathway

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 $...

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/pau...

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...

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 e...

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 Resp...

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...

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...

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 Canadi...

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 pa...

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...

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...

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 ad...

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 a...

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...