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Wise Rules For Borrowing – With Ron Blue

MoneyWise

Christian talk radio with Rob West

September 5, 2018

Today on Money Wise, Steve Moore and Rob West, speak with founder of Kingdom Advisors, Ron Blue, about what the Bible has to say about borrowing. They also offer some practical principles when it comes to borrowing money. Next, they answer your questions at (800) 525-7000 and [email protected] about the following: -My 21-year-old son just bought his first car. He has payments on it. What is the best (and most effective) way for him to pay this off himself? -I am trying to build up my emergency fund. I receive money from a profit sharing account. Can I place this straight into a savings account? -My husband and I are 49 years old. I could retire in 5 years. How do we know if we are on the right track for retirement? -My job matches up to 3% if you invest 6%. Ive noticed that Ive lost money over the past few months. Should I just contribute to a Roth? -I have a rather large student loan that I need to pay off. If it is forgiven do you have to pay tax on it? You can find out more about Ron Blue at kingdomadvisors.org. 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 and get notifications about what were up to. 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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