Financial Discipleship For Families With Brian Holtz Pt. 1
FaithFi: Faith & Finance | Nov 20, 2023
Show Notes
Brian Holtz is the Chief Operating Officer at Compass—Finances God’s Way. He’s also the author of a brand new book, Financial Discipleship for Families: Intentionally Raising Faithful Children.
WHY A BOOK ABOUT MONEY FOR PARENTING?
- Jesus used money in parables to teach spiritual lessons, making it relatable and insightful for teaching children.
- Managing money according to God's principles impacts our relationship with Him.
ACTIVE VS. REACTIVE PARENTING
- Active parenting involves setting goals and preparing children for future financial decisions.
- Reactive parenting addresses issues only as they arise, often in a negative context.
WHY A BOOK ABOUT MONEY FOR PARENTING?
- Jesus used money in parables to teach spiritual lessons, making it relatable and insightful for teaching children.
- Managing money according to God's principles impacts our relationship with Him.
ACTIVE VS. REACTIVE PARENTING
- Active parenting involves setting goals and preparing children for future financial decisions.
- Reactive parenting addresses issues only as they arise, often in a negative context.
MVP PARENTING: MODELING, VERBAL INSTRUCTION, PRACTICAL OPPORTUNITIES
- Modeling: Demonstrating financial habits like budgeting and generosity.
- Verbal Instruction: Explaining the 'what' and 'why' behind financial actions.
- Practical Opportunities: Allowing children to participate in financial decisions and learn from experiences.
ROB ALSO ANSWERS LISTENERS QUESTIONS ABOUT THE FOLLOWING:
- As an 18-year-old, what are the best investment options for me, considering choices like 401(k), Roth IRA, and life insurance investments?
- Should I maintain full coverage insurance on my older, well-maintained vehicles, or would it be more practical to switch to PD only coverage?
- 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?
- 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?
- If I am close to Medicare age, am I able to use my HSA to reimburse myself for Part B premium payments?
RESOURCES MENTIONED:
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