podcast
dark logo
Seeking Wise Financial Counsel With Rachel McDonough

Faith & Finance with Rob West | Jan 18, 2023

--:--
--:--
Show Notes

Proverbs 11:14 says, “Where there is no guidance, a people falls, but in an abundance of counselors there is safety.” Those are wise words in any situation, but particularly when it comes to your finances. Are you seeking the safety of a wise financial counselor? We’ll talk about that today with Rachel McDonough.

Rachel McDonough is a Certified Financial Planner and a Certified Kingdom Advisor … and she’s seen firsthand the benefits of getting outside advice on managing money.

  • THE IMPORTANCE OF BIBLICALLY BASED FINANCIAL ADVICE
  • Rachel says it is especially important for Christians to seek wise counsel about their finances. She says any competent financial advisor who is confident can help you achieve your financial goals, such as planning for college or retirement. But a Christian financial adviser with a biblical worldview is really uniquely able to help you make financial decisions in harmony with the principles found in God’s Word. A Christian financial adviser will help you to listen to the prompting of the Holy Spirit.
  • Another great example of this comes in our investing. A lot of Christians would like to invest in a way that aligns with their biblical values and not have profits in their portfolio coming from industries that violate them.
  • WHAT TO LOOK FOR IN AN ADVISER
  • Of course, being a Christian isn’t enough. It’s important to understand the qualifications of an adviser before taking their advice. One way to be sure about the competence of a financial adviser is to seek out a Certified Kingdom Adviser.

On this program, Rob also answers listener questions:

  • How do you determine how best to proceed with bringing a mortgage forbearance current?
  • When does a real estate investment trust make sense?
  • When does it make sense to use investment funds to pay off credit card debt?

RESOURCES MENTIONED:

Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at FaithFi.com where you can connect with a FaithFi Coach, join the FaithFi Community, and even download the free FaithFi app.

dark logo
Where Faith Meets Finance
You May Also Like

We uses cookies for the functioning of the website. To learn more about how we use cookies please read ourTerms of Service andPrivacy Policy.