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Financial Discipleship For Families With Brian Holtz Pt. 1

FaithFi: Faith & Finance | Nov 20, 2023

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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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