Compass » Money Wise

The Atomic Clock - Howard Dayton and Steve Moore tell us what time pieces can teach us about achieving true financial freedom. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: I may be moving into full-time ministry. What should I do about health insurance? I share properties with my mother. She wants to take out a loan on one of the properties. Should I agree to this? We are going to be receiving an inheritance soon. Should we use it to pay off our house? Be sure to check out the Compass website for a complete listing of helpful Compass Resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

The Impact of the Economy - With the election nearing, the state of the economy is receiving a lot of attention, but what do you really need to know about the economy and its impact on your life? Howard Dayton and Steve Moore discuss this today with special guest certified financial planner Ken Franke. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Is it Biblically acceptable to use write-offs and deductions to lower my tax bill? We are investing money from an inheritance. Should we tithe on the inheritance immediately or tithe only on profit from the investments? I want my kids to earn money for chores, but my husband feels they should not be paid for chipping in. What do you think? How can I sell my timeshare? Learn more about Ken Franke at frenke.com. And be sure to check out the Compass website for a complete listing of helpful Compass Resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!  

Generous Living and Generous Giving - Howard Dayton and Steve Moore talk with special guest, author Brian Kluth, about the power of Biblical generosity and  answer a listener question about giving while trying to eliminate debt. Learn more about Brian Kluth's ministry at Kluth.org. And be sure to check out the Compass website for a complete listing of helpful Compass Resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

The Godly Employer  – Howard Dayton and Steve Moore  look at the Bible's admonitions to business owners to lead and serve their employees. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I'd like to re-finance, but my debts are getting in the way" [Howard and Steve recommended checking out BankRate.com, Harp2program.org and the Federal Housing Finance Agency (FHFA.gov). Click here to see if  your mortgage is held by Fannie Mae or Freddie Mac] "What do you think of investing in Iraqi Dinars?" "Is it better to borrow for college all at once or little by little?" "Is it worth replacing a car engine, or should I just get another car?" "You recommend finding a business mentor - but how do I find one?" Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Helping the Poor  – Howard Dayton and Steve Moore  examine biblical admonitions to care for the poor, looking to Jesus as our example and source of love. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Is it wise to use money from my 401(k) for a house downpayment?" "What do you think of my idea to sell my business and put that money toward retirement?" 'How do I get started building an investment portfolio?' (Howard recommended checking out Sound Mind Investing. Mentioned on today's program was the 'Set your House in Order' workbook.  Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Navigating the Insurance Maze -  Howard Dayton and Steve Moore explain which kinds of insurance you should purchase (and how much you should buy) as well as which insurance products to avoid. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Our church has entered into a fundraising arrangement with an electricity provider. Is this appropriate? Should I accept an out-of-state job and relocate. And if so, what should we do with our home here after we move? My husband has not been faithful about adhering to our budget. How should I handle this? I'm new to investing. Can you explain what a 401k is, and is it the best way for me to invest? Be sure to check out the Compass website for a complete listing of helpful Compass Resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!  

A Strong Marriage Through Financial Hardship – Howard Dayton and Steve Moore offer Biblical insight into keeping your marriage strong through times of financial difficulty. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: How can I get the capital needed to grow my business? Should we continue to rent or go ahead and buy a home? Is there a way to refinance student loans that have already been consolidated? Be sure to check out the Compass website for a complete listing of helpful Compass Resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

When Paying Cash Isn't Paying Cash – Howard Dayton and Steve Moore  warn you to steer clear of the '90 days same as cash' offers. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Should we sell a rental home to pay down our mortgage?" "How do I clean up an old blemish on my credit report so I can borrow for my small business?" (Howard recommended checking your credit report at AnnualCreditReport.com) 'Is pulling money out of my 401(k) the best option for my daughter's college expenses?' Mentioned on today's program was the Compass map.  Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

The Simple Truth about Financing Your Home  – Howard Dayton and Steve Moore  welcome mortgage expert, Dale Vemillion (author of 'Navigating the Mortgage Maze') to discuss the basics of financing - and refinancing - a mortgage. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org: "Can I have a home loan modified twice?" "Serious health problems make it difficult to pursue the loan modification process - where can I get help?" 'With the up-front costs of re-financing, how do I determine if it's worth it?' Mentioned on today's program was Howard's book, Free and Clear. Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Borrowing for a New Car  – Howard Dayton and Steve Moore  discuss the favorable new-car market, and whether this might be a good time to buy. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org: "Does it make sense to borrow from my 401(k) to pay off high-interest debt?" "Is debt consolidation a good way to eal with high credit card debt? And who can i trust?" (Howard recommended CredAbility.org) 'Would it be wise to put more than 20% down on our down-sized retirement home?' Several helpful items were mentioned on today's program: - CreditKarma.com (for getting your free credit score) - Howard's 'Set your House in Order' workbook - Compass budget coaches Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Finances for Entrepreneurs – Howard Dayton and Steve Moore offer Bible-based money management tips for the self-employed. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: My parents are looking into a reverse mortgage. Is this a good idea? After 19 years of marriage, how can my spouse and I get on the same page financially? Can I write off private grade school tuition on my taxes? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep Money Wise on the air!

The Parable of the Talents – Howard Dayton and Steve Moore discuss how the parable of the talents applies to your life today. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: How can I better communicate with my financial adviser and ensure I'm investing in ethical companies? I'm 58 with no retirement savings. What can I do at this point to prepare for retirement? How are closing costs figured when you buy a home? Our retirement adviser doesn't want us to put extra money on paying down our home. Is this wise? I want to use savings to pay down our credit cards, but my husband doesn't want to do that. What are your thoughts? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Preparing for the Future – Many wonder if preparing for the future actually displays a lack of faith in the Lord's provision. Howard Dayton and Steve Moore answer this question, and then they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Would it be wise to become the legal payee for a disabled friend? Would it be okay to borrow from our 401k to pay for repairs/renovations to our home? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Eternal Perspective – Howard Dayton speaks from the heart about the recent loss of his mother and the surgery his wife will be facing. Steve Moore and Howard discuss the importance of having an eternal perspective about God, or relationships, and our money. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: I currently do not have medical insurance and I recently broke my arm. I've always heard that medical costs are negotiable, but can you explain this further to me? I just graduated from college and i'm getting married next year. My fiancé and I often will argue about the decision about the possibility of me taking out a student to go straight into a masters program. Is this a good decision? As a small business owner is it okay to borrow money to grow your business? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!

Surviving on the Trail to Financial Freedom  – Howard Dayton and Steve Moore  help you protect yourself against unscrupulous 'credit repair' companies, predatory lenders and the like (Howard recommended CredAbility.org). Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do i help my children secure a credit card?" (Howard recommended BankRate.com) "We're about to sell my 76-year-old mom's home - where do we invest the proceeds?" "What is a gold 'certificate', and would you recommend it as a way to invest in gold?" Mentioned on today's program was  the Compass small  group study, 'Navigating Your Finances God's Way'.  Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers and generous financial support which allow us to keep MoneyWise on the air!