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Three Money Myths

MoneyWise

Christian talk radio with Rob West

August 31, 2018

Myths can be wonderful things inspiring and cautioning us. The noble King Arthur and his round table, or Icharus flying too close to the sun and melting off his wings. Myths only become a problem when people believe them. Money is the subject of many myths, and too many people have come to believe them as truth. Today, Rob West and Steve Moore looks at three of the most common financial fantasies. Next, they answer your questions at (800) 525-7000 and [email protected] about the following: - A friend of mine told me that Im enabling my adult daughter. She is the single mother of 5 children with no support from her ex husband. I bought a house and allow her to live in it, but I need to be free of that mortgage. Do you have advice for me? -Are there any current tax laws or government incentives to help first-time home buyers? -I just turned 67. What are the pros and cons of applying for Social Security now versus later? -I purchased an apartment building as an investment, but ran into some financial trouble because of it. I sold the building and am now ready to pay off my debts. My credit cards are in collections now. Whats my best approach to pay them off? Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources.You can also find us on Facebook. Thanks for your prayerful and financial support that helps keep MoneyWise on the air.And if you'd like to help, just go to the website and click the Donate tab at the top of the page.

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