Financial Pathway

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 reac...

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...

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 reaso...

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...

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 (...

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...

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 positi...

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 ema...

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.nat...

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 fo...

A quick roundup on some of the most interesting articles this month... - Twitter Accepts Elon Musk's Offer to Buy Company for $43 billion - T he Most Reliable Recession Indicator Just Happened, Now What? - Inflation Keeps Climbing - Why the Past 10 Years Have Been Uniquely Stupid - Netflix Stock Plummets over 30% after losing subscribers Sign up for Money Minute email here: https://mailchi.mp/nate...

Have you heard of Inflation Bonds (I Bonds)? You can buy them directly from the US government and they pay a guaranteed rate of return that is tied to inflation. The reason that most people haven’t heard of them is they haven't been paying a whole lot... until now! I Bonds purchased by April 30, 2022 are set to pay an average of over 8% for the first year! In today's episode we'll explain how I Bo...

Our guest, Jeremy DeSpain, has 13 years of experience in the world of finance. He started his career in investment management and later spent several years as a bank manager.  Jeremy now serves as the full-time senior pastor of Bible Baptist Church in Port Orchard, WA. In this episode, he shares some valuable lessons he learned in the financial world and how he was able to translate those ski...

A quick roundup on some of the most interesting articles this month... - Starbucks to Become the Gas Stations of the Future for Electric Vehicles? - Will Your State Lift Its Gas Tax? - March Madness is a Billion-Dollar Business - The Streaming Wars Continue to Rage (Amazon makes big purchase) Sign up for Money Minute email here: https://mailchi.mp/nateskelly/p5c6us72e5 Email: info@nateskelly.com W...

It's time to tackle another paradox! The Bible says that working hard, saving, and building wealth are commendable traits, BUT it also says that building wealth is a terrible goal.  How do we make sense of these principles? Let's a taker a closer look... Email: info@nateskelly.com Website: nateskelly.com Facebook: facebook.com/financialpathwayllc

It's time to do a deep dive on the questions everyone is asking these days... What can we do to lower gas prices? Suspend gas taxes? Keystone XL pipeline?  Why are we importing oil from foreign countries instead of producing our own oil?  How much oil do we consume vs how much we produce?  Email: info@nateskelly.com Website: https://www.nateskelly.com/ Facebook: https://www.facebook...

Have you ever found it difficult to explain to people what you do at your job? Me too! So I decided to take an episode to clear up three big misconceptions about financial advisors: 1. Financial Advisors are the same as Financial Planners, they all do the same thing 2. Only rich people work with Financial Advisors 3. Why should I pay a Financial Advisor when I'm already investing for free? Email:...

Cash is king! Except when it isn't. In today's episode we discuss the pros and cons of using credit cards.  Credit cards aren't for everyone. But if you can follow three simple rules you'll very likely find credit cards to be a net benefit.   We conclude by sharing three great resources for understanding and managing credit.  Email: info@nateskelly.com Website: https://www.nateskell...

The market is off to a bumpy start in 2022. After a strong return of ~27% in 2021, the US stock market is down ~10% to start the year. So what's behind this recent downturn? In this episode we'll explain why the Federal Reserve raises and lowers interest rates, how that can affect the stock market, and what you should do now that interest rates may be going back up.  Email: info@nateskelly.co...

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...