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How to Burn Money

MoneyWise

Christian talk radio with Rob West

December 4, 2019

Would you use dollar bills as kindling in your fireplace? Or maybe light a birthday candle with a fifty? Of course not! No one would do that on purpose. The trouble is you may be burning money without realizing it. Today on MoneyWise, Kingdom Advisors President, Rob West, shares a few secrets to help you fireproof your finances. He gives examples in places where you could be wasting money and offers advice on how to avoid doing just that. He talks about places like online shopping, impulse buying, and getting rid of clutter. In today's show we also answer your questions: -I've been retired for 10 years collecting Social Security, but have my own business. How much can I make before I have to pay Social Security back? -What are the pros and cons of borrowing from a life insurance policy to pay for my children's college education rather than using a 529 plan or something similar? -How can we get rid of a timeshare that we own? We've been scammed by someone who claimed to be a timeshare reseller. -I have several credit cards. I've just paid them all off and was considering closing the accounts. Will this hurt my credit? -How much should we charge our adult child for room and board since he still lives at home? To ask your questions, call (800) 525-7000 or email them at [email protected] Also, visit our website, moneywise.org, where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! And remember that it's your prayerful and financial support that keeps MoneyWise on the air. You can help us continue this outreach by clicking the Donate tab at the top of the page.

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