Brian Holtz is the Chief Operating Officer at <a href="https://compass1.org/">Compass—Finances God’s Way</a>. He’s also the author of a brand new book, <a href="https://compass1.org/product/financial-discipleship-for-families/">Financial Discipleship for Families:</a> Intentionally Raising Faithful Children. WHY A BOOK ABOUT MONEY FOR PARENTING?<ul><li>Jesus used money in parables to teach spiritual lessons, making it relatable and insightful for teaching children.</li><li>Managing money according to God's principles impacts our relationship with Him.</li></ul> ACTIVE VS. REACTIVE PARENTING<ul><li>Active parenting involves setting goals and preparing children for future financial decisions.</li><li>Reactive parenting addresses issues only as they arise, often in a negative context.  </li></ul>WHY A BOOK ABOUT MONEY FOR PARENTING?<ul><li>Jesus used money in parables to teach spiritual lessons, making it relatable and insightful for teaching children.</li><li>Managing money according to God's principles impacts our relationship with Him.</li></ul> ACTIVE VS. REACTIVE PARENTING<ul><li>Active parenting involves setting goals and preparing children for future financial decisions.</li><li>Reactive parenting addresses issues only as they arise, often in a negative context.</li></ul> MVP PARENTING: MODELING, VERBAL INSTRUCTION, PRACTICAL OPPORTUNITIES<ul><li>Modeling: Demonstrating financial habits like budgeting and generosity.</li><li>Verbal Instruction: Explaining the 'what' and 'why' behind financial actions.</li><li>Practical Opportunities: Allowing children to participate in financial decisions and learn from experiences.</li></ul> ROB ALSO ANSWERS LISTENERS QUESTIONS ABOUT THE FOLLOWING:<ul><li>As an 18-year-old, what are the best investment options for me, considering choices like 401(k), Roth IRA, and life insurance investments?</li><li>Should I maintain full coverage insurance on my older, well-maintained vehicles, or would it be more practical to switch to PD only coverage?</li><li>To improve my credit score, is it better to pay off my credit card balance in full every month or should I leave a small balance?</li><li>Can I use my HSA to pay for a Christian sharing plan if I quit my job and lose my health insurance, and are there any tax advantages or new rules for contributions to these plans?</li><li>If I am close to Medicare age, am I able to use my HSA to reimburse myself for Part B premium payments?</li></ul> RESOURCES MENTIONED:<ul><li><a href="https://www.openhandsfinance.com/">Open Hands Finance</a></li><li><a href="https://chministries.org/">Christian Healthcare Ministries</a></li></ul> Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the <a href="https://www.moodyradio.org/programs/faith-and-finance/">Moody Radio Network</a> as well as <a href="https://afr.net/podcasts/faith-finance/">American Family Radio</a>. Visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a>where you can join the FaithFi Community, <a href="https://faithfi.netviewshop.com/donate2">and give</a> as we expand our outreach.

FaithFi

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

Faith & Finance with Rob West

Train up a child in the way he should go. Even when he is old, he will not depart from it. Proverbs 22:6. Christian parents are well-acquainted with that verse. It’s a source of inspiration to do right by our children. Brian Holtz joins us today to talk about how we can do that.

Financial Discipleship For Families With Brian Holtz Pt. 1

FaithFi: Faith & Finance | Nov 20, 2023

Show Notes

Where Faith Meets Finance

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