3 Questions For a Values-Based Legacy with Jeanne McMains | FaithFi
September 15, 2022
3 Questions For a Values-Based Legacy with Jeanne McMains
MoneyWise Live
“Whatever you did for one of the least of these brothers and sisters of mine, you did for me.” Jesus’ message that we’ll be judged not by what we have but by what we were willing to give. How can you leave a legacy of generosity that impacts the world?
“Whatever you did for one of the least of these brothers and sisters of mine, you did for me.” Matthew 25:40. Jesus’ message is that we’ll be judged not by what we have in this world … but by what we were willing to give. This is MoneyWise Live - biblical wisdom for your financial journey. Our guest, Jeanne McMains, is an executive vice president and an attorney at the National Christian Foundation. Over the last 25 years, she’s worked with hundreds of families and business owners to integrate their faith and values into a legacy of generosity. Jeanne and Rob cover these topics and questions:
At NCF, you have the joy of working with families across the country who want to leave thriving and enduring legacies grounded in their faith and values. To use a baseball analogy, along the way you’ve seen what we might call “foul balls and home runs.” Fill us in.
Let's take a look at 3 questions that we all have to answer if we want to leave a meaningful legacy of generosity toward God’s Kingdom:
1 - "How do I leave an inheritance that will be a blessing and not a stumbling block?" What do you mean by that and how do you help families navigate this concern? How do you think about it?
2 - "How much is healthy to leave my kids, without doing harm.” How do you help folks work through that decision-making process?" Is that something you encounter often?
3 - "How do I create inheritances that incorporate the family’s heritage story and values?" What framework have you found to be helpful for families wanting to do this?
One of the highly effective tools you have to help families achieve these goals is the NCF Giving Fund. How does that work?
What would you tell listeners who want to find out more? NCFGiving.com
To learn how to become more strategic in your giving
Read the article about the three questions for giving mentioned in this program.
On-Air Mention:
“This week’s featured scripture verse is from Proverbs 13:22 which says, “A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous.” “That’s great wisdom from God’s Word. Sign up to receive this weekly scripture along with a digest of the latest trending financial topics from a biblical perspective. Go to moneywise.org and click the ‘Create Your Free Account’ button to subscribe.”
Next, Rob answers these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
How do you open an I Bond and where can you buy them?
If you have 2 months of an emergency fund and the only other debt you have is your mortgage and you're contributing to a 401(k) at your employer, should you stop Roth contributions to pay off a $19,000 Discover Personal loan at 6.5% debt faster than you are currently doing?
How should you include a daughter who has chosen to alienate herself from her family when you're making out a will?
If your mom and dad inherited some money and they wanted to give you $10,000 of it and someone suggested you get 2 Roth IRAs instead of a contributing to a 529, is that a good idea considering they might not go to college?
If you have a credit card at 12.8% whose balance never seems to go away even though you continually pay over the minimum, how can you curtail this?
If you have a 16 year old daughter and you've set up a 529, should you also set up an I Bond for her?
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