Compass » Money Wise
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Financial Pharisees
Howard Dayton and Steve Moore reveal the one type of person who repeatedly drew Jesus' ire and how you can avoid being one of them. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: Should I take money out of retirement accounts to get back on my feet? What is the difference between a ROTH and a traditional IRA and which works better for tax purposes? Should I continue to tithe even though I'm unable to pay down my debt? Be sure to check out the Compass...
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A Lasting Legacy (with Doug Hagedorn)
Howard Dayton and Steve Moore welcome author and teacher, Doug Hagedorn, to discuss the value of making our lives count. Then they answer listener questions at (800) 525-7000 or e-mailing MoneyWise@Compass1.org. "The credit reporting agencies are confusing me and my twin brother - how do I correct the problem?" (Howard mentioned AnnualCreditReport.com) "We're doing well, but don't have a budget - is it really necessary?" Be sure to check out the Compass website for a complete listing of...
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Another Housing Bubble
Howard Dayton and Steve Moore offer some good news - and some bad news - about the rebounding housing market. Then they answer listener questions at (800) 525-7000 or e-mailing MoneyWise@Compass1.org. Should we be investing in casino stocks? Can you help us work through the financial aspects of a marriage separation? Should Christians take government assistance? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your prayers...
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The Best Way to Handle Creditors
Howard Dayton and Steve Moore discuss what to do when bill collectors come calling. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "We have a business & accountant encourages spending for tax deductions. But should we instead focus on minimizing debt?" "I have received a solicitation from a debt settlement company. Should I consider this?" "Should I purchase condominium or continue renting?" "We have inherited $300k. How should we invest this?" "How does...
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The Real Cost of Pet Ownership
There are many costs related to owning a pet, which people often do not realize. Howard Dayton and Steve Moore reveal the real financial cost of owning a pet. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: "How should I invest an inheritance?" "My husband and I don't see eye to eye on how best to pay off debt. What do you suggest?" "Is it Biblically okay to charge interest when loaning to a friend or family member?" "Can you please point me...
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Kids Working
Howard Dayton and Steve Moore explore how to teach your kids a strong work ethic. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: "How much money should we put down on a mortgage vs investing that money?" "Should I use money from savings to pay off old debts?" "Had planned on helping to pay for my son's education, but that would be difficult now. What should I do?" Be sure to check out the Compass website for a complete listing of helpful...
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Be Grateful for Your Job
Howard Dayton and Steve Moore remind us that God is the one who has provided our job, and that He is our ultimate employer. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "How can I make my savings grow faster so I'll be better able to afford more education?" "How should a Christian wife respond when pressured to co-sign a business loan?" "How do I develop a plan for paying my home off early?" Mentioned on today's program was Howard's book, 'Money and...
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Navigating the Mortgage Maze (with Dale Vermillion)
Howard Dayton and Steve Moore welcome mortgage expert, Dale Vermillion. They answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "What are 'discount mortgage points' and is that a worthwhile expense?" "I've been turned down for a mortgage a couple of times due to an insufficient credit score - is there a lender who would be more likely to approve me?" "I'm 'underwater' in my current mortgage - should I just let my house go into foreclosure?" 'How much does my job...
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Avoiding Multi-Level Marketing Pyramid Schemes
Today on MoneyWise, Steve Moore and Howard Dayton discuss how to assess a possible business opportunity to determine whether it might be a pyramid scheme. Listeners jump in with their questions, too, by calling (800) 525-7000 or e-mailing MoneyWise@Compass1.org. How can I build a credit history as a young person? Is there a resource that lists the Bible verses about money? Is it sinful to refuse a job offer in order to spend more time with my children? How should I break up a large windfall...
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Why are My Credit Scores Different?
Howard Dayton and Steve Moore examine the history and process of creating credit scores. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should we do a 'cash out' re-finance to speed up our debt reduction?" (AnnualCreditReport.com;BankRate.com) "How do I sell half interest in a home to my daughter?" "How do we keep our daughter's wedding expenses under control? And how do we help her and her fiance get their finances off to a good start?" Mentioned on...
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Finding Financial Contentment
The Bible holds the secret to contentment, rich or poor. Howard Dayton and Steve Moore discuss what God's Word has to say about this. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: My family has been renting a small farm. What would you advise in terms of using financing to grow the business? Do to a medical condition, I am unable to get life insurance. Do you have any suggestions? What is the best way to save money for the education of our...
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Starting A Job Search
Howard Dayton and Steve Moore reveal the vital steps you should take toward finding a new job. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: We were blessed with a large gift. What is the best way to use this money? My credit took a big hit after cosigning for my son's loan. What can I do to improve it? Parents are struggling financially, but non-working adult child lives with them and consumes much of what we send to help. What should we do?...
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Saving Money on College While Still in High School (with...
Howard Dayton and Steve Moore welcome Dan Shilling to the program to discuss creative ways to help your child get a college education without amassing a ton of debt. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: How can a self-employed person contribute to retirement? How much should we be setting aside for retirement? Be sure to check out the Compass website for a complete listing of helpful resources and radio archives. Thanks for your...
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Investing with Mark Biller
Howard Dayton and Steve Moore talk investing with special guest, Mark Biller. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: What are indexed annuities? My husband and I are looking to sell our business. We want to sell it for $375,000 and the buyer would like to pay $75,000 down with a 3.5 interest rate. Is this a good plan for us? Could you help me figure out the best place to invest for retirement? Be sure to check out the Compass website for...
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Don't Neglect Prayer
Howard Dayton and Steve Moore duscuss the importance of prayer in every aspect of our lives. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: My sisters and I are having some conflict with our broker. Could you give us some advice on what to do in this situation? My wife and I are looking into the possibility of adoption. We do not want to go into debt, but we feel strongly that the Lord is calling us to adopt. What do you think we should do? I...
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Business Partnerships
Howard Dayton and Steve Moore discuss the pros and cons of a business partnership and what the Bible has to say about partnerships. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: Will it hurt my credit to close department store credit cards? Would it make sense to delay drawing Social Security benefits? How much of the gross income from our business should we set aside from taxes? Beyond Proverbs 22:7, does the Bible say anything else about...
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Guilt From Past Financial Choices
Howard Dayton and Steve Moore discuss Biblical freedom from guilt over money mistakes. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: I don't have healthcare and am not currently saving for retirement. What should I do? My wife will be laid off soon. Should we continue 401k contributions or start putting that in savings? My husband doesn't know Christ and doesn't want to include me in our finances. How should I handle this? We're looking into a cash-out...
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Our Part and God's Part
Howard Dayton and Steve Moore explain what we're called upon to do in our financial lives and what we're supposed to leave in God's hands. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: Is it okay to borrow for education costs? And if so, what kind of loan is best? For the Compass Money Map principles apply to a business with a large income? Should we cut back on our tithe for a time to pay down debt more quickly? Be sure to check out the Compass...
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Roadmap To Savings
Howard Dayton and Steve Moore guide you into a place of healthy emergency savings. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: "With no debt (and no mortgage), what can I do to reduce my tax burden?" "Can you help us with some ideas to pay for nursing school?" "A recent divorce has nearly bankrupted me - would a consolidation loan help me get back on my feet?" Be sure to check out the Compass website for a complete listing of helpful resources and...
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Lightning Strikes - Are You Ready?
Howard Dayton and Steve Moore discuss the importance of insurance when it comes to natural disasters. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: I would like to buy a new vehicle. Is it safe to buy a vehicle with an "R" title? Can my poor credit rating affect my son? My family and I are moving to Texas next month. We are way upside down on our mortgage. I'm trying to figure out the best option as far as getting rid of our house. Can you talk to me...
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The Best Things In Life Are Free
Howard Dayton and Steve Moore discuss how the "free" things in life sometimes are more costly than we expect. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: Our son went through a rebellious time and stopped paying his credit card bills. He's responsible now and has paid off that debt, but how can he rebuild his credit score when he can't get a credit card now? I tithe every week to my church, but I feel like I need to give more. It seems like our...
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Careers without College
Howard Dayton and Steve Moore help you explore what level of secondary education you'll need to develop your God-given skills - and it may not be the traditional four-year college. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "'How will closing a number of credit cards affect my credit score?" "How can we use an inheritance to diversify our retirement savings?" "Should we switch from 'whole life' to 'term' insurance?" Mentioned in today's program were...
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Financial Pharisees
Howard Dayton and Steve Moore reveal the one type of person who repeatedly drew Jesus' ire and how you can avoid being one of them. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: Should I take money out of retirement accounts to get back on my feet? What is the difference between a ROTH and a traditional IRA and which works better for tax purposes? Should I continue to tithe even though I'm unable to pay down my debt? Be sure to check out the Compass...
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The Best Way to Handle Creditors
Howard Dayton and Steve Moore discuss what to do when bill collectors come calling. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: We have a business & accountant encourages spending for tax deductions. But should we instead focus on minimizing debt? I have received a solicitation from a debt settlement company. Should I consider this? Should I purchase condominium or continue renting? We have inherited $300k. How should we invest this? How does one...
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Facing Financial Challenges
Howard Dayton and Steve Moore welcome Chuck Bentley of Crown Financial Ministries. Together, they discuss how to face economic uncertainty.Then Howard and Steve answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "With escalating housing prices in our area, at what point do we throw in the towel and relocate?" "What would you think of us lending money to our son for his last year of college?"Mentioned on today's program was the Compass Map and Howard's book, 'Your Money...
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Spheres of Life
Howard Dayton and Steve Moore discuss the seven spheres of life and how they impact us each and every day. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: A friend wants me to be a 50/50 partner in a startup business with good potential. He has no money, but I do, however he's unwilling to sign a agreement addressing what happens if we need more money. What'd you suggest? My fiancé is considering transferring from his private Christian college to a...
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It’s Tax Day (with Fred Bumpass)
Howard Dayton and Steve Moore talk with tax expert Fred Bumpass about the ins and outs of filing your taxes. Then they answer listener questions at (800) 525-7000 and/or Moneywise@ Compass1.org: My ex husband and I alternate years claiming our daughter as a dependent. I paid her fall tuition last year with a parent plus loan. Does my husband need to claim her fall tuition in order for us to get credit for that? Also, can he claim it if I'm the one that got the loan for it? My husband...
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Should Newlyweds Buy or Rent?
Howard Dayton and Steve Moore help newlyweds make wise housing decisions. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "I have a debt-free home in a depressed housing market and am about to take a job in another town - how can I buy a home in the new area without losing money on my existing home?" "We have enough savings to pay off our mortgage - should we use it all and become completely debt-free?" "Can you help us play 'catch up' with our retirement...
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Making Final Arrangements
Howard Dayton and Steve Moore being the program with your Hey Howard email questions. Next, they take your financial calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: How should I manager church finances as treasurer? Is investing in a larger house a good investment right now? Should I use a 529 plan or a Roth IRA to save for children's college expenses? How should I go about moving retirement funds into Roth IRA's and would that be wise? Be sure to check...
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Complete and Total Honesty
What exactly does the Bible have to say about financial honesty? Howard Dayton and Steve Moore answer that question. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: We cared for our grandson last year, but our daughter claimed him on her taxes. Is there any way to set this straight? Should I be tithing right now on limited income? Would it be wise to get a whole life insurance policy for my infant son? I'm unhappy with the return on my...
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Are You Rich or Are Your Poor?
Howard Dayton and Steve Moore discuss what it means to be 'rich' or ''poor' - from God's perspective. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "What's the difference between a financial planner and a financial advisor?" "Are we investing in the right places for retirement and our children's education?" "Can you help me with struggles I'm having with online budgeting?" Mentioned on today's program was Howard's book, 'Money and Marriage God's Way' (also...
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Financial Character
Howard Dayton and Steve Moore emphasize that financial success is more dependent upon how we handle money than how much we have. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Do we pay taxes on the stipend we receive as foster parents?" "What do you think of consolidation loans?" (check out CredAbility.org) "What do we need to consider before purchasing a home we've been renting?" "What are the rules about giving cash to someone?" "How can a young couple...
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Getting Good Counsel (with Ron Blue)
Howard Dayton and Steve Moore discuss the value of surrounding yourself with wise, godly counsel, and invite financial advisor, Ron Blue, to join in. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Is it okay to give my tithe to needy individuals when I'm without a church home?" "How can i boost the profit from my small business?" Mentioned on today's program were Howard's books, 'Money and Marriage God's Way' (also available on audio CD) and 'Free and...
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Talking taxes with Fred Bumpas
Howard Dayton and Steve Moore welcome CPA Fred Bumpas to help prepare you for tax day. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should we avoid investing in companies that may not share our biblical values?" "What are our funding options for buying a new home?" "Is a HELOC tax deductible?" "Is it okay to gamble, if it's just on occasion?" "What online budgeting system do you recommend?" (Howard mentioned Mint.com) Mentioned also on today's program was...
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Listener emails
Howard Dayton and Steve Moore being the program with your Hey Howard email questions. Next, they take your financial calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: Would it be wise to have to store up food and have cash on hand in case of an emergency? Is investing in a larger house a good investment right now? Should I use a 529 plan or a Roth IRA to save for children's college expenses? How can I get the Compass Money Map? Should my husband and I file...
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Impact of Federal Budget Cuts
How, if at all, will federal budget cuts affect your personal finances? Howard Dayton and Steve Moore explore the answer to that question. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: My husband does not want to tithe. How should I handle this? Should we refinance rental properties at 15 or 30 years? My mother just remarried. New husband is mismanaging finances. Should I say something? Financial advisor wants us to put all extra cash into...
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Why Are My Credit Scores Different?
Howard Dayton and Steve Moore examine the history and process of creating credit scores. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should we do a 'cash out' re-finance to speed up our debt reduction?" (AnnualCreditReport.com;BankRate.com) "How do I sell half interest in a home to my daughter?" "How do we keep our daughter's wedding expenses under control? And how do we help her and her fiance get their finances off to a good start?" Mentioned on...
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Merging Finances after Marriage
Howard Dayton and Steve Moore recommend steps to take before marriage to ensure a happy financial life within marriage. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "How do we pay down large student loans and prepare to buy a home?" "What is the best way to close credit card accounts?" "What do you think of investing in foreign currencies?" (SoundMindInvesting.com; 'Sound Mind Investing Handbook') Mentioned on today's program was Howard's books, 'Money...
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The Importance of Financial Accountability
Howard Dayton and Steve Moore explore the benefits of allowing others to oversee our spending decisions. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should we re-finance to make a possible layoff easier to handle?" "How can my son pay off his student loans faster?" (check out LoanConsolidation.ed.gov) "How do I deal with incorrect information on my credit report?" (check out AnnualCreditReport.com) Mentioned on today's program was Howard's book, 'Money...
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Shooting for the High Score
Howard Dayton and Steve Moore offer a few tips to help you build your credit score. Next, they answer listener questions at(800) 525--7000 at MoneyWise@Compass1.org: How can we go about refinancing a commercial property? What can I do to build my credit? Is it okay to pay off debts according to interest rate instead of smallest-to-largest balance? Would it be wise to take part of my pay in the form of company stock? We don't have quite enough income. What can we do to get ahead? Be sure to...
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Investing in Yourself
Howard Dayton and Steve Moore discuss one of the most prudent investments you can make. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following:- Should I pay off a 401k loan or my mortgage loan first? - I have been blessed with a financial gift. How should I invest this? - What does the Bible say about borrowing money to start a business?- I see a debt on my credit report that I do not recognize. What should I do?Be sure to check out the Compass website...
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Business Partnerships
Howard Dayton and Steve Moore discuss the pros and cons of a business partnership and what the Bible has to say about partnerships. Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following:- Will it hurt my credit to close department store credit cards?- Would it make sense to delay drawing Social Security benefits? - How much of the gross income from our business should we set aside from taxes?- Beyond Proverbs 22:7, does the Bible say anything else about...
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Careers without College
Howard Dayton and Steve Moore help you explore what level of secondary education you'll need to develop your God-given skills - and it may not be the traditional four-year college. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "'How will closing a number of credit cards affect my credit score?" "How can we use an inheritance to diversify our retirement savings?" "Should we switch from 'whole life' to 'term' insurance?" Mentioned in today's program were...
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Trust and Obey
Howard Dayton and Steve Moore look at the blessings that come from obey God and His financial principles. Then they answer listener questions at (800) 525-7000 and MoneyWise @Compass1.org: "'Is it better to go into retirement debt-free with no savings, or with a mortgage and a savings buffer?""What do you think of using 'whole life' insurance to fund our children's education?""Can a family member contribute to my daughter's college expenses without jeopardizing her scholarship and grant...
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Should Newlyweds Buy or Rent?
Howard Dayton and Steve Moore help newlyweds make wise housing decisions. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "I have a debt-free home in a depressed housing market and am about to take a job in another town - how can I buy a home in the new area without losing money on my existing home?" "We have enough savings to pay off our mortgage - should we use it all and become completely debt-free?" "Can you help us play 'catch up' with our retirement...
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Time for Pre-Marital Counseling
Howard Dayton and Steve Moore cover a 'laundry list' of financial preparations to get your marriage off to a good start. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "We're debt free and looking to purchase a summer cottage - would it be wiser to borrow the money at low interest OR liquidate some securities we're about to inherit?" "Can you recommend any home-based businesses?" "We're considering moving abroad in 2-3 years - is it worth refinancing?"...
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Predatory Lending
Howard Dayton and Rich Roszel (sitting in for Steve Moore) lift the veil on dangerous loans that can damage your financial future. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should my son cash out investments for a down payment on a home?" "Would be wise to have my credit card numbers changed every year to reduce risk of credit card fraud?" "Would a car loan be a good way to build my credit?" "I promised to help someone financially for a time, but have...
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Playing the Lottery
Rich Roszel (sitting in for Steve Moore) and Howard Dayton reveal what the Bible can teach us about playing the lottery. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should I move investments into annuities?" "We have a large payment on a vehicle that we can no longer afford and we're upside down in the loan. What should we do? " Howard and Rich are also joined by Dr. Mike Turner to discuss the importance of keeping a copy of all personal medical...
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Avoiding an IRS Audit
Howard Dayton and Rich Roszel alert you to a number of 'red flags' that might trigger an IRS audit - and tell you how to avoid them. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "How can I transition to a new job in a way that honors my current employer?" "What's the best way to finance the purchase of some investment property?" "We're in good shape financially - should I pay off my home before putting more away for retirement?" Mentioned on today's...
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Do You Have a 'Thin File'?
Howard Dayton and Rich Roszel tell you how to 'fatten up' your credit file and create a healthier credit score. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "We're planning to build a new home soon - at what point should we sell our current home?" "Can you help me understand a 'charge off' on my credit report?" "I'm facing either a foreclosure or a short sale of my home - how do I decide the better way to go?" "What's the best approach to paying off...
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The Do's and Dont's for Engaged Couples
Howard Dayton and Rich Roszel offer wise financial counsel to help young couples get a great headstart on their marriage. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "How can my husbnd boost his credit score so we'd be in a better position to get a home mortgage?" (Howard mentioned BankRate.com, AnnualCreditReport.com,CreditKarma.com) "Can you help me recover from an unexpected financial crisis?" (Howard mentioned the 'Harp 2' program -...
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Star Wars Money Lessons
Howard Dayton and Steve Moore reveal what the Star Wars movies can teach you about Biblical money management. Then they answer questions at (800) 525-7000 and MoneyWise@Compass1.org: Would it be wrong to use debt to invest in rental properties? What is the best way to invest $10,000 over a 3-year period before we head into mission field? I am $15,000 in debt, and I am wondering if there is a way to consolidate the debt? Be sure to check out the Compass website for a complete listing of...
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Financial Honesty
Howard Dayton and Rich Roszel (sitting in for Steve Moore) discuss the importance of honesty in all financial dealings, large and small. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "I'm a seminary student. Should I pay each semester as I go or take out a student loan?" "Should we consider a contract for deed in selling our home?" "Years after a foreclosure, how can rebuild our credit to buy another home?" Be sure to check out the Compass website for a...
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Who Really Owns Your Stuff?
Rich Roszel (sitting in for Steve Moore) and Howard Dayton discuss the critical ownership principle found in God's Word. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "I can't seem to raise my credit score? What can I do?" "I have a double-wide mobile home and can't find a lender to refinance. What are my options?" "What should I do to get started on long-term investing?" Be sure to check out the Compass website for a complete listing of helpful resources...
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What Christians Should Do To Prepare for a Financial...
Howard Dayton and Rich Roszel offer insights for how Christians should prepare for - and respond to - a crisis. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Would it be wise to sell off motor home in order to pay off a Home Equity Line of Credit?" "How do we deal with really old debts that are no longer on our credit report?" "How much of our household finances should we share with our teenagers?" Be sure to check out the Compass website for a complete...
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Can't Serve Two Masters
Howard Dayton and Rich Roszel explore the human tendency to serve material things instead of God - and take a look at the consequences. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "How can we re-finance with a bankruptcy on our record?" "How do I select the best credit card?" "I'm a single mom with almost no actual income - I want to tithe, but on my meager income, is 10% enough?" "Is there a guideline for how much to put in a company-matched 401(k)?" Be...
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A Primer on the Bible and Money
Howard Dayton and Rich Roszel investigate the Bible's perspective on a number of financial topics. Then they answer listener questions at (800) 525-7000 and MoneyWise@Compass1.org: "Should I pay off my undergraduate student loans before borrowing more to get my masters?" "What's the best way to pay for therapy for my husband who recently had a brain hemorrhage?" (Howard mentioned Stroke.org) "How do I collect a large business debt from someone who's not a believer and seems unwilling to...
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Are You Counting on Your Pension?
Howard Dayton and Steve Moore discuss whether or not you can truly rely upon your pension being there when you retire. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "How long must we wait after a foreclosure before trying to buy another home?" "I'm concerned about my tax dollars paying for abortion. What do you think about that?" "Should I buy life insurance at this point in my life?" Be sure to check out the Compass website for a complete...
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March 9, 2013 MoneyWise Weekend
Are You Counting on Your Pension?– Howard Dayton and Steve Moore discuss whether or not you can truly rely upon your pension being there when you retire.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "How long must we wait after a foreclosure before trying to buy another home?" "I'm concerned about my tax dollars paying for abortion. What do you think about that?" "Should I buy life insurance at this point in my life?" Be sure to check out...
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March 8, 2013 Money Wise
Howard's Top-3 Biblical Principles– Howard Dayton reveals what he believes to be the three most important financial principles found in the Bible.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: Should we use retirement funds to pay off our house? Is there any way to make my student loan payment more manageable? Should you stop tithing for a time in order to pay down debt? Is there someplace I can put emergency savings to earn greater interest? Be...
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March 7, 2013 MoneyWise
Talking taxes with Fred Bumpas– Howard Dayton and Steve Moore welcome CPA Fred Bumpas to help prepare you for tax day.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: Can you clarify the IRA charitable rollover provision? I just got married last year. Should we file jointly or separately? How will new legislation impact the average American on tax day? What are the regulations regarding writing off charitable donations of objects (Goodwill, etc)?...
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March 6, 2013 MoneyWise
Beware of Spiritual Identity Theft– Howard Dayton and Steve Moore remind us that, for the Christian, our identity is in Christ, not in our 'stuff'.Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "We're in our 70's and debt-free - where's the best place to put an $80,000 CD that's about to mature?" "I need to move my retirement funds from a former employer - can you give me some guidance?" (Howard mentionedSoundMindInvesting.com) "What can I do about a harassing...
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March 5, 2013 MoneyWise
Trust and Obey– Learning to trust God is essential to a growing relationship with Christ. Howard Dayton and Steve Moore discuss how to foster that kind of vibrant relationship.Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "I'm managing finances for an elderly aunt and would like your input on how to best invest these funds." "I currently have no job, but Iamreceiving child support - how do I determine my tithe?" "Can you help us find ways to chip away at our...
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March 4, 2013 MoneyWise
Common Credit Misconceptions– Howard Dayton and Steve Moore cover a number of common misconceptions that can hurt your credit score.Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "I'm on Social Security - what are my options for paying off - or re-financing - a large Home Equity Line of Credit?" "Is the stock market still the best place for long-term investing?" "Can you give me some insight on paying back an overwhelming amount of school loans?" (Howard...
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March 2, 2013 MoneyWise Weekend
Don't Ignore Financial Problems – Howard Dayton and Steve Moore reveal the importance of proactively addressing financial problems. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "My mother wants to refinance her condominium, but has been unable to do so. What are her options?" "I have an annuity with a payment of $50,000 due in a few years. Should I sell my annuity now?" "Should I invest in my 401k or buy life insurance first?" "I want to use savings to...
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March 1, 2013 MoneyWise
How to Help Adult Children?– Howard Dayton and Steve Moore discuss finding the right balance when it comes to helping your adult children financially. Next, they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: Is now the right time for us to buy a house and if so, how do we go about that? Is there a way for me to avoid bankruptcy? Do you recommend using online services to create a will? Does the BIble say anything about the age at which we should retire? Be...
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Feb 28, 2013 MoneyWise
Investing and the News– Howard Dayton and Steve Moore welcome investment expert Dave Szafranski to discuss how recent events affect investing strategy. Next, they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: How should our ministry invest to our earnings? What is the next step for me to take? Where should I invest? Should I take money from an investment account and roll it into an IRA? What are your thoughts about investing in energy companies right now?...
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Feb 27, 2013 MoneyWise
Listener e-mails– Howard Dayton and Steve Moore answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "What do you think of downsizing to pay for our son's college tuition?" "How do I prepare financially to relocate to another state?" "My daughter's purse was stolen - what does she need to do to protect her credit and identity?" "How can I get my husband involved in creating a family budget?" "I'm 53 and about to pay off my home; what should I do with the increased cash flow...
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Feb 26, 2013 MoneyWise
Managing Money for Eternity– Howard Dayton and Steve Moore discuss the eternal ramifications of knowing Christ and managing our finances in a way that's pleasing to Him. Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "How do we deal with a foreclosure in a way that honors God?" "I've been accepted into an excellent music school with very high tuition - how do I decide whether or not to attend?" "Should student loans keep us from buying a home?" Mentioned also...
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Feb 25, 2013 MoneyWise
To Whom Should We Give?– God's word is clear that we should share our financial resources with others. Howard Dayton and Steve Moore spell out who the recipients should be.Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "Should we avoid investing in companies that may not share our biblical values?" "What are our funding options for buying a new home?" "Is a HELOC tax deductible?" "Is it okay to gamble, if it's just on occasion?" "What online budgeting system...
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Feb 23, 2013 MoneyWise Weekend
'Investing Basics' for the New Year (with Mark Biller)– Howard Dayton and Steve Moore welcome investment advisor, Mark Biller (Sound Mind Investing), to discuss basic investing topics (motivation, when to start, short-term vs long-term, when to seek professional advice).Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: "How do life insurance and investing relate to one another in my long-term plan?" "What's a good rate of return for a growth stock...
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Feb 22, 2013 MoneyWise
Your Hey Howard Email Questions– Howard Dayton and Steve Moore open the program by answering various listener email questions. Next, they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: I love my job and have a great situation, but I've been offered more money elsewhere. What should I do? Is a home-based EBAY business a good business for a Christian woman? I would like to start a web based business. I've had offers and am wondering if they're legitimate. Can...
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Feb 21, 2013 MoneyWise
Shooting for the High Score– Howard Dayton and Steve Moore offer a few tips to help you build your credit score.Together, they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: How can we go about refinancing a commercial property? What can I do to build my credit? Is it okay to pay off debts according to interest rate instead of smallest-to-largest balance? Would it be wise to take part of my pay in the form of company stock? We don't have quite enough income. What can we...
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Feb 20, 2013 MoneyWise
Saving and Investing for College– Howard Dayton and Steve Moore welcome Mark Biller of Sound Mind Investing (SoundMindInvesting.com) to discuss ways to prepare for your child's college expenses.Together, they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "We've opened a '529 Plan' for our children's college education, but are now having second thoughts - what are our options?" (Howard recommended checking outKingdomAdvisors.organdEverydaySteward.com) "How can I make my...
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Feb 19, 2013 MoneyWise
Can You Budget on an Irregular Income?– Howard Dayton and Steve Moore explain the key to living successfully on an unpredictable income.Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "How can I tell if I'm getting enough return on my retirement investment account?" (Howard recommended checking outSoundMindInvesting.com) "When is it okay to borrow to expand your business?" "Should we follow through with a financial pledge to a church that is making decisions...
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Feb 18, 2013 MoneyWise
Avoiding Job Burnout– Howard Dayton and Steve Moore examine the need for hard workandtimes ofrestin order to avoid job burnout .Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "My parents took out a student loan in my name and have really hurt my credit score - how can I repair things?" "How do I re-finance a high-interest auto loan?" "How far do I go in helping a family member who's out of work without hurting myself?" "I'm a widow and debt-free, planning to...
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Feb 16, 2013 MoneyWise Weekend
The Virtue of Patience– Howard Dayton and Steve Moore discuss the financial and spiritual benefits of patience. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "What's the best use of some money we're about to receive from the sale of property?" "We have a growing family and need your help with some car decisions." (Howard recommended checking outEdmunds.com) "Will marking out the Social Security number on my Medicare card (for security reasons)...
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Feb 15, 2013 MoneyWise
Gold Fever– Howard Dayton and Steve Moore discuss the modern day gold rush and whether or not you should buy gold or silver. Next, they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: Should I invest in real estate with my son? Would it be wise to participate in an investment fund that turns around depressed hotels? Should I keep the older vehicles I have or buy something newer? I just paid off my car. Is there anything, insurance-wise, I should keep above...
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Feb 14, 2013 MoneyWise
Revisiting the Treasure Principle– Howard Dayton and Steve Moore revisit the lessons learned from Randy Alcorn's classic Bible-based book.Next, they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: Where should we invest money we're getting from the sale of an investment property? My 401k's plan administrator has asked me to move the funds. How should I go about this? Testimony about using Bible based principles to pay down considerable debt. Be sure to check...
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Feb 13, 2013 MoneyWise
Teaching from the Apostle Paul on Giving– Howard Dayton and Steve Moore cover some easy-to-remember principles from the apostle Paul on giving.Then they answer listener questions at(800) 525-7000andMoneyWise@Compass1.org: "I have enough in a Money Market account to pay off my mortgage, but are there higher priorities?" "How do I restore my credit after a judgment against me?" "We have a loan against our retirement account and another loan that we used to expand my wife's business - which...
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Feb 12, 2013 MoneyWise
Listener E-mails– Howard Dayton and Steve Moore tackle listener e-mails (MoneyWise@Compass1.org), then turn to the phone lines for more questions from listeners(800-525-7000): "Would it be wise to roll out 401(k) into a Roth IRA?" "We've sold a second home - how do we prioritize the use of the proceeds?" "How do I allocate $60,000 between emergency savings, retirement and paying down my mortgage?" "If I pay off my home early, do I still pay all the interest?" "My undisciplined spending is...
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Feb 11, 2013 MoneyWise
Finding Our Way Through the Mortgage Maze (with Dale Vermilllion)– Howard Dayton and Steve Moore welcome author and mortgage consultant,Dale Vermillion, to help explain the terminology you'll encounter when applying for a home mortgage.Then they answer listener questions at(800) 525-7000and MoneyWise@Compass1.org: "We're retired and debt-free, but don't have a lot of buffer - if we were to need money down the road, would a reverse mortgage be a wise choice?" (Dale mentioned checking out...
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Feb 9, 2013 MoneyWise Weekend
Our Struggling Military–Howard Dayton and Steve Moore address the common financial challenges facing military families today. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "I am upside down on a couple of properties. Is there any way for me to refinance my loan?" "How do you budget on an irregular income?" "I purchased a term life policy 20 years ago and converted it to a universal life policy. I can no longer afford it, but we need life...
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Feb 8, 2013 MoneyWise
Helping the Poor--Balcony People– Who are "balcony people" and what does God's Word say about them? Howard Dayton and Steve Moore explain. Next, they answer questions at (800) 525-7000and MoneyWise@Compass1.org about the following: Is there a way to get my student loan paid off faster? Should we purchase a house now or stay where we are and continue to save? How do I remain patient and trust in God while waiting to find employment? Be sure to check out theCompass websitefor a complete...
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Feb 7, 2013 MoneyWise
Time for a Career Assessment– Howard Dayton and Steve Moore discuss the importance of matching your career with your God-given gifts. Next, they answer questions at (800) 525-7000and MoneyWise@Compass1.org about the following: Are there any Biblical guidelines regarding working away from your family in order to support them? My home is mostly paid off, but the balance that remains is at a high interest rate. Should I try to refinance now? I have $5,000 to apply to debt. What should I apply...
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Feb 6, 2013 MoneyWise
Economic Review (with Ken Frenke)– Howard Dayton and Steve Moore welcome financial planner, Ken Frenke (frenke.com), to the program to help us navigate the uncertain days ahead. Together, they take an honest look at our debt-driven economy and encourage us to take a biblical approach to our personal finances.Then, Steve and Howard answer this question from a listener (800-525-7000and MoneyWise@Compass1.org): "What do you think about putting money into a life insurance policy to avoid...
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Feb 5, 2013 MoneyWise
Time for Pre-Marital Counseling– Howard Dayton and Steve Moore cover a 'laundry list' of financial preparations to get your marriage off to a good start.Then they answer listener questions at(800) 525-7000and MoneyWise@Compass1.org: "We're debt free and looking to purchase a summer cottage - would it be wiser to borrow the money at low interest OR liquidate some securities we're about to inherit?" "Can you recommend any home-based businesses?" "We're considering moving abroad in 2-3 years -...
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Feb 4, 2013 MoneyWise
The Next Fiscal Cliff– Howard Dayton and Steve Moore give a sober reminder that the U.S. economy is still not on a good track, and that God's people need to stay focused on saving, getting out of debt, being generous - and encouraging others to do the same.Then they answer listener questions at(800) 525-7000and MoneyWise@Compass1.org: "I'm concerned that my long -term investments are not growing - should I make a change?" (Howard recommended the caller check outSoundMindInvesting.com))...
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Feb 2, 2013 MoneyWise Weekend
Don't Ignore Financial Problems – Howard Dayton and Steve Moore reveal the importance of proactively addressing financial problems. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "My mother wants to refinance her condominium, but has been unable to do so. What are her options?" "I have an annuity with a payment of $50,000 due in a few years. Should I sell my annuity now?" "Should I invest in my 401k or buy life insurance first?" "I want to use savings to...
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Feb 1, 2013 MoneyWise
Star Wars Money Lessons– Howard Dayton and Steve Moore reveal what the Star Wars movies can teach you about Biblical money management.Then they answer questions at(800) 525-7000and MoneyWise@Compass1.org: Would it be wrong to use debt to invest in rental properties? What is the best way to invest $10,000 over a 3-year period before we head into mission field? I am $15,000 in debt, and I am wondering if there is a way to consolidate the debt? Be sure to check out theCompass websitefor a...
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Jan 31, 2013 MoneyWise
Having a Surplus– Howard Dayton and Steve Moore discuss how to handle your money Biblically when the Lord blesses you with a surplus.Then they answer questions at(800) 525-7000and MoneyWise@Compass1.org: Are we obligated to tithe on per diem funds? We are in debt and I'm wondering if I should sell my house. Should we co-sign for our daughter's student loan? Mentioned on today's program was theCompass Map. Be sure to check out theCompass websitefor a complete listing of helpfulresourcesand...
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Jan 30, 2013 MoneyWise
Heartbreaking Phone Calls?– God's word gives clear direction in many financial areas. Howard Dayton and Steve Moore remind us that notheedingthat counsel can lead to real heartbreak.Then they answer questions at(800) 525-7000and MoneyWise@Compass1.org: "I'm putting everything I can into paying down a Home Equity Line of Credit - do you think this is wise?" (Howard recommended the caller check out BankRate.com) "We're newlyweds and think we may end up on the mission field - where would saving...
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Jan 29, 2013 MoneyWise
Slow and Steady Wins the Race (with Mark Biller ofSound Mind Investing)– Howard Dayton and Steve Moore welcome mutual fund investing expert, Mark Biller, to discuss the benefits of consistent, long-term investing.Together, they answer questions from listeners at(800) 525-7000and MoneyWise@Compass1.org: "As a recent college grad, how do I get started in long-term investing?" "What do you think about using life insurance as an investment tool?" (Mark Biller recommended checking...
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Jan 28, 2013 MoneyWise
Our #1 Fear– Howard Dayton and Steve Moore examine how God's word can help us face our financial fears.Then they answer questions at(800) 525-7000and MoneyWise@Compass1.org: "How do I prepare myself financially for an impending divorce?" "What do you think of pre-nuptial agreements?" "Our marriage of 13 years needs to see significant financial change - where do we begin?" "Can (and should) I pull money out of my IRA to pay off a large business loan?" "What do you think of taking out a small...
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Jan 26, 2013 MoneyWise Weekend
Money Fights– God wants money issues in your marriage to be 'glue', not a 'wedge'. Howard Dayton and Steve Moore tell you how to make that a reality, today on MoneyWise. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "My income and my home value have both dropped - can I still re-finance?" (Howard recommended checking out the HARP 2 program atMakingHomeAffordable.gov, as well asBankRate.com) "I'm a teacher - what's the best way for me to pay for a master's...
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Jan 25, 2013 MoneyWise
Are You Counting on Your Pension?– Howard Dayton and Steve Moore discuss whether or not you can truly rely upon your pension being there when you retire.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "How long must we wait after a foreclosure before trying to buy another home?" "I'm concerned about my tax dollars paying for abortion. What do you think about that?" "Should I buy life insurance at this point in my life?" Be sure to check out...
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Jan 24, 2013 MoneyWise
Are You Too Busy?– Howard Dayton and Steve Moore explain why effective money management often depends upon effective time management.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "What questions should be asked a family financial planning session?" "We are upside down on a vehicle. Should we allow it to be repossessed?" "Should I try to turn my annuity into a Roth IRA?" Be sure to check out theCompass websitefor a complete listing of...
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Jan 23, 2013 MoneyWise
Listener e-mails– Howard Dayton and Steve Moore start today's edition of MoneyWise by diving into the e-mail bag (MoneyWise@Compass1.org).Then they turn to the phone lines(800-525-7000) for more questions from listeners: "I can either tithe or pay my rent - how do I switch to handling money God's way when I have so many 'worldly' commitments?" "We're cashing in some annuities - would it be better to invest the proceeds or pay off our home?" "What do you think about rolling money from my...
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Jan 22, 2013 MoneyWise
Your Business Is Your Pulpit– Howard Dayton and Steve Moore discuss the unique opportunity given to Christians in business to be a witness for Christ.Then they answer questions at(800) 525-7000and MoneyWise@Compass1.org: "Would it be okay to put our giving on hold for a while in order to get out of debt?" "Would we be better off putting retirement money into an existing Roth IRA or into a work-sponsored 401(k)?" "Should we sell some investment property in order to become completely debt...
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Jan 21, 2013 MoneyWise
Whom Are You Trusting?– Where do you go for wise, trustworthy counsel? Howard Dayton and Steve Moore point you in the right direction today on MoneyWise.Then they answer questions at(800) 525-7000and MoneyWise@Compass1.org: "How do we keep our growing family's food budget under control?" "Am I living too close to the edge by carrying an extra mortgage to help my son?" "What's our best housing move in order to be closer to my parents?" Mentioned on today's program were Howard'sbooks for...
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Jan 19, 2013 MoneyWise Weekend
Giving with Delight-Howard Dayton and Steve Moore reveal the joyful act of worship that giving is designed by God to be and explain the freedom you can experience by developing a Biblical attitude toward giving.Next, they take questions at(800) 525-7000and MoneyWise@Compass1.org about the following: To what extent should I get involved in my parents' finances? We desperately need a larger home. Should we try to purchase a home soon? How much money should we have in our emergency fund? My...
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Jan 18, 2013 MoneyWise
Is "Permissible" Debt Biblical?– Howard Dayton and Steve Moore explore what the Bible says about debt and what, if any, debt is permissible.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "I am planning to stay home with our baby, which means loss of income. How can I make this transition easier?" "My husband is in jail and I can't make ends meet right now. What can I do?" "I want to invest in property, but my husband isn't comfortable with it....
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Jan 17, 2013 MoneyWise
So What's The Difference– Howard Dayton and Steve Moore explain the main difference between secular financial advice and Bible-based financial advice.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "I recently went through a home foreclosure. How can I begin to rebuild my credit?" "Should we take money out of investments to pay off our house?" "Do you have any tips for a good job interview?" "My teenage son is making good part-time money. What...
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Jan 16, 2013 MoneyWise
Life - No Child's Game– Howard Dayton and Steve Moore relate how knowing Christ brings order to our lives and our finances.Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "How do we expand our small family trucking business without jeopardizing its stability?" "How do I break bad money habits developed in my childhood?" (Howard recommended aCompass Coach) "How do I deal with a family member who's not faithful to pay rent on a home I own?"...
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Jan 15, 2013 MoneyWise
'Investing Basics' for the New Year (with Mark Biller)– Howard Dayton and Steve Moore welcome investment advisor, Mark Biller (Sound Mind Investing), to discuss basic investing topics (motivation, when to start, short-term vs long-term, when to seek professional advice).Next, they answer questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: "How do life insurance and investing relate to one another in my long-term plan?" "What's a good rate of return for a growth...
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Jan 14, 2013 MoneyWise
The Virtue of Patience– Howard Dayton and Steve Moore discuss the financial and spiritual benefits of patience. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "What's the best use of some money we're about to receive from the sale of property?" "We have a growing family and need your help with some car decisions." (Howard recommended checking outEdmunds.com) "Will marking out the Social Security number on my Medicare card (for security reasons)...
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Jan 12, 2013 MoneyWise Weekend
What Makes a Business Christian?- Howard Dayton and Steve Moore look at businesses operated by those who know Christ as their savior and operate by biblical principles. Plus, they answer calls and emails (800-525-7000 or moneywise@compass1.org) about the following: Settling financial issues for elderly relatives including possible embezzlement by a family member What to do with a real estate lot that the caller can't sell and doesn't have the money to develop Whether it's wise to invest...
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Jan 11, 2013 MoneyWise
Our Struggling Military–Howard Dayton and Steve Moore address the common financial challenges facing military families today. Next, they answer questions at (800) 525-7000 and MoneWise@Compass1.org about the following: "I am upside down on a couple of properties. Is there any way for me to refinance my loan?" "How do you budget on an irregular income?" "I purchased a term life policy 20 years ago and converted it to a universal life policy. I can no longer afford it, but we need life...
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Jan 10, 2013 Money Wise
Don't Ignore Financial Problems – Howard Dayton and Steve Moore reveal the importance of proactively addressing financial problems. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "My mother wants to refinance her condominium, but has been unable to do so. What are her options?" "I have an annuity with a payment of $50,000 due in a few years. Should I sell my annuity now?" "Should I invest in my 401k or buy life insurance first?" "I want to use savings to...
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Jan 9, 2013 MoneyWise
What To Do after a Job Loss– Howard Dayton and Steve Moore offer encouragement and practical advice for putting your life back together after a job loss. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "How can I teach my children God's principles of handling money while also respecting my husband's different perspective?" "My paycheck disappears the day after I'm paid - what do I do?" "We've relocated to a more expensive area and feel uncomfortable with...
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Jan 8, 2013 MoneyWise
Top Financial Moves for 2013 (with Mark Biller) – Howard Dayton and Steve Moore welcome investment specialist, Mark Biller to MoneyWise. Together, they help you identify your top financial moves for 2013. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "I'm out of debt and ready to start investing - where do I begin?" "How do I know it's time to pull out of an individual stock?" "Why do some stocks offer dividends?" "What do you think about investing in a...
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Jan 7, 2013 MoneyWise
Money Fights– God wants money issues in your marriage to be 'glue', not a 'wedge'. Howard Dayton and Steve Moore tell you how to make that a reality, today on MoneyWise. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "My income and my home value have both dropped - can I still re-finance?" (Howard recommended checking out the HARP 2 program atMakingHomeAffordable.gov, as well asBankRate.com) "I'm a teacher - what's the best way for me to pay for a master's...
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Jan 5, 2013 MoneyWise Weekend
Death and Taxes - Howard and Steve talk about preparing for a couple of life's certainties. Howard reminds us that God's the owner of everything, including the stuff he has put in our care. That's one of the reasons why it's important for each of us to prepare a will or trust. Howard discusses the differences between these two instruments, both of which are tools of communication so that your loved ones can know what your wishes are with regard to you assets. Next, Steve asks about where...
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Jan 4, 2013 MoneyWise
Giving with Delight -Howard Dayton and Steve Moore reveal the joyful act of worship that giving is designed by God to be and explain the freedom you can experience by developing a Biblical attitude toward giving.Next, they take questions at(800) 525-7000and MoneyWise@Compass1.org about the following: To what extent should I get involved in my parents' finances? We desperately need a larger home. Should we try to purchase a home soon? How much money should we have in our emergency fund? My...
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Jan 3, 2013 MoneyWise
The Value of Meditating on God's Word -Howard Dayton and Steve Moore explain why perhaps the single greatest key to true financial freedom is meditating on the truth found in God's Word. Next, they take questions at(800) 525-7000and MoneyWise@Compass1.org about the following: I have a 401k through my employer, but my husband does not yet contribute. How should we got about starting with his retirement saving? Is it okay for a Christian to file bankruptcy? A debt counselor advised me to stop...
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Jan 2, 2013 MoneyWise
Facing Financial Temptation– Howard Dayton and Steve Moore remind us that God's word - and a close relationship with Christ - are our key defenses against the lure of financial temptation. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "Should I borrow money from my Thrift Savings Plan to pay off credit card debt?" "Is it okay to cut back on my giving in order to focus on my personal financial health?" "Should my teen have her own checking account and debit...
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Jan 1, 2013 MoneyWise
New Year's Day 2013– Howard Dayton and Steve Moore discuss what you can dothis weekto improve your financial situation in the coming year. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "I tithe, but my husband does not - is that preventing God from blessing my life and marriage?" "A financial advisor is counseling us not to pay off our home - what does the Bible say?" "Retirement is approaching, but we don't have a lot set aside - would it be better to...
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Dec 31, 2012 MoneyWise
New Year's Eve 2012– Howard Dayton and Steve Moore reflect on some of the challenges and blessings of the past year. Then they turn to questions from listeners(800-525-7000ormoneywise@compass1.org): "My daughter has blemishes on her credit report due to some medical expenses not paid on time by our insurance company - how can she resolve this?" "Upon my parent's death, I'll inherit either 1) income property or 2) cash from thesaleof that property - is one option better than another'?"...
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Dec 29, 2012 MoneyWise Weekend
Kids Working – Howard Dayton and Steve Moore suggest age-appropriate opportunities for instilling good work habits in children and adolescents. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I'm 70 years old, on Social Security and thinking of either selling my home or taking on a renter - do you have any advice?" "Where's the trade-off between a car with good gas mileage and a car that fits my budget?" (check out Edmunds.com, Kelley Blue Book / kbb.com...
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Dec 28, 2012 MoneyWise
Financial Twilight Zone - Howard Dayton and Steve Moore discuss the strange new financial realities and how you can adjust to a rapidly changing economic landscape.Next they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: It has been suggested that we combine our car loan with a property loan. Is this a good idea? How can we get out of date at an older age and build savings for our retirement? Mentioned in this program:Credability Nonprofit Debt Counseling &...
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Dec 27, 2012 MoneyWise
Christians and Prosperity - Some suggest the Bible tells all Christians to live in poverty, while others claim every Christian is entitled to material wealth. Today Howard Dayton and Steve Moore reveal what the Bible really has to say about Christians and prosperity. Next they answer questions at(800) 525-7000and MoneyWise@Compass1.org about the following: Should I take out student loans to further my education? We can't find any lender willing to refinance our mortgage. What are our...
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Dec 26, 2012 MoneyWise
Investing or Hoarding? (withDave Szafranski)– Howard Dayton and Steve Moore welcome investment advisor, Dave Szafranski, to discuss saving, investing, generosity and fulfilling God's purposes for our life. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Is our economic system really as stable as we are led to believe, and should we pull our investment money out of the banks and stock market?" "I'm 24 years old and working for a company with no retirement...
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Dec 25, 2012 MoneyWise
Christmas Day 2012 – Howard Dayton and Steve Moore reflect on the gift of God's Son for our salvation - for eternity, but also in our everyday lives. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do I best use - or invest - money my deceased husband left for me?" (Howard recommended SoundMindInvesting.com and the Sound Mind Investing Handbook) "How do my siblings and I settle a difference of opinion on the value of some property we inherited? And...
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Dec 24, 2012 MoneyWise
Christmas Eve – Howard Dayton and Steve Moore reflect on how the celebration of Christmas should impact our lives and our finances. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I'm a 71-yr-old widow and need some insight on future housing options." (Howard recommended checking out affordable housing options for seniors at HUD.gov) "I'm a 58-yr-old widow - what can you tell me about a 'reverse mortgage'?" (Howard again recommended HUD.gov) "How do we...
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Dec 21, 2012 MoneyWise
Destination 3 on the Compass Money Map - Howard Dayton and Steve Moore explain destination 3 on the Compass Money Map (pay off student loans and auto debt.) Next, they answer calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: I inherited 3 homes, but they need to be renovated to sell or rent. Should I borrow the money to do this? Should I buy long-term care insurance? We are renting out a home to someone and I would like to refinance that home. Is there a...
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Dec 20, 2012 MoneyWise
Learn to Celebrate - Howard Dayton and Steve Moore discuss the importance of celebrating your progress each step of the way on the road to true financial freedom. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: I know the Bible discourages borrowing. But is it okay to borrow from myself (from my 401k)? Should I sell a rental property or take out another mortgage to clear up some other debts? My children will be receiving SS survivors...
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Dec 19, 2012 MoneyWise
Life Insurance, with Mike Cave (ImpartialInsuranceAdvisor.com) – Howard Dayton and Steve Moore welcome life insurance specialist, Mike Cave, to discuss the biblical and practical aspects of life insurance. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We have a whole life policy that we've borrowed against - how do we determine if we should keep it in force?" "A friend passed away recently, but his life insurance policy can't be found - how do we...
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Dec 18, 2012 MoneyWise
Right and Wrong Thinking about Taxes – Howard Dayton and Steve Moore discuss the Bible's perspective on paying taxes - including my attitude. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "My husband and I have very different perspectives on retirement planning - how do we get on the same page and reduce some of the tension?" "We're gotten way behind on our VA home loan and the lender is making it difficult to get caught up - any suggestions?" "What...
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Dec 17, 2012 MoneyWise
Helping the Poor – According to the Bible, taking care of the poor and needy is a big deal to God. Today on MoneyWise, Howard Dayton and Steve Moore share some life-changing benefits of ministering to the less fortunate. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We're recent college graduates, but underemployed and struggling to pay off student loans - should we focus on paying those off before considering a home purchase?" "I'm a 56-yr-old single...
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December 14, 2012 MoneyWise
The 8th Wonder of the World - Howard Dayton and Steve Moore reveal what has been called the "8th wonder of the world".Next, they answer calls and quetsions at (800) 525-7000 and MoneyWise@Compass1.org about the following: Should I cash out some stock investments to put the money into ministry? I do not have a church home right now, so where should I give my tithes? Being newly self-employed, are their any considerations I need to keep in mind or common pitfalls I need to avoid? We are...
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December 13, 2012 MoneyWise
Setting Prices in a Christian Business - Howard Dayton and Steve Moore discuss Biblically sound principles for setting prices fairly and profitably within your business. Next, they answer calls and quetsions at (800) 525-7000 and MoneyWise@Compass1.org about the following: What can we do to improve our credit? I have an opportunity to buy a business, but it will require borrowing heavily. What should I do? I've heard you not to contribute to a 401k beyond the employer match. Why? And if not...
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Dec 12, 2012 Money Wise
Kids Working – Howard Dayton and Steve Moore suggest age-appropriate opportunities for instilling good work habits in children and adolescents. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I'm 70 years old, on Social Security and thinking of either selling my home or taking on a renter - do you have any advice?" "Where's the trade-off between a car with good gas mileage and a car that fits my budget?" (check out Edmunds.com, Kelley Blue Book / kbb.com...
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Dec 11, 2012 Money Wise
An Update on the Economy, with Ken Frenke – Howard Dayton and Steve Moore welcome investment advisor, Ken Frenke, to the program for a post-election view of the economy. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Can we split an IRA into two accounts under different names?" "I make $32,000 a year and can put some money toward debt reduction - how do I prioritize debt payoff?" (Howard recommendedBankRate.com) Be sure to check out theCompass...
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Dec 10, 2012 Money Wise
Being Entrusted with More – Are you ready for God to entrust more finances into your care? Howard Dayton and Steve Moore discuss the role of fiduciary faithfulness today on MoneyWise. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I see myself going into some kind of missions work - how can I best prepare financially for long-term retirement?" (Howard mentioned SoundMindInvesting.com and 'The Sound Mind Investing Handbook') "We're going to be relocating...
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Dec 8, 2012 Money Wise Weekend
How To Determine What To Buy and How Much To Spend – How do our everyday purchases reveal our value system? Today on MoneyWise Weekend, Howard Dayton and Steve Moore offer guidelines for making wise spending decisions. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Is it more important to pay off my low-interest student loan or get my retirement fund started?" "We've lost our home - what's our next step? Should we consider bankruptcy?" "As a young...
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December 7, 2012 MoneyWise
Looking Back on Your 2012 - Howard Dayton and Steve Moore discuss the importance of looking back on all the ways the Lord has blessed you throughout the year.Next, they answer calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: Should we take money from our 401k to pay off our house? How much should I focus on repaying student loans vs investing for the future? In my previous marriage, money was used to control me. I now hate dealing with money. How do I...
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December 6, 2012 MoneyWise
The Source of All Truth - You must be careful where you get your advice. Howard Dayton and Steve Moore urge listeners to make sure any and all advice, financial or otherwise, lines up with the truth of God's Word. Next,they answer calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: I'm renting a house that is in foreclosure. Should I rent another home or look into buying a home? Do you advise investing in gold and silver? And if so, how much should we buy?...
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Dec 5, 2012 Money Wise
Tips To Keep Your Christmas Merry – Howard Dayton and Steve Moore offer tips for increasing Christmas joy and decreasing Christmas stress. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Do I understand correctly that a 'short sale' will hurt me less in 2012 than it will in 2013?" (Howard mentioned HARP 2 and BankRate.com) "My daughter is about to lose a home I gave her. Is there anything I can do about it?" (Howard recommended CredAbility.org) "How do...
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Dec 4, 2012 Money Wise
Misplaced Optimism of Youth – Howard Dayton and Steve Moore give parents guidelines for directing their children toward responsible financial adulthood. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "What financial preparation does the Bible say I need before getting married?" "What are the advantages of a Roth IRA vs a traditional IRA?" "My 79-yr-old mom has an annuity that just came due. Should we put that money into savings, into another annuity or...
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Dec 3, 2012 Money Wise
More Precious Than Silver – Money and 'things' can be very helpful tools, but serving them is a dead-end street. Howard Dayton and Steve Moore help you keep your eyes on things of eternal value today on MoneyWise. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "As a small businessman, what's a reasonable mark-up for the raw materials I purchase?" "At 65, would I be better off putting some discretionary funds toward my mortgage or toward purchasing...
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November 30, 2012 Money Wise
Christmas Shopping Tips - Howard Dayton and Steve Moore offer advice to help stretch your dollars during the holiday season, while avoiding additional debt. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@Compass1.org about the following: Should you carry life insurance on young children? Would it be wise to continue renting out our second home, or should we sell it? Is it Biblically okay to accept unemployment benefits? How can our grandson get adequate transportation...
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November 29, 2012 Money Wise
Once and for All Decisions - Howard Dayton and Steve Moore talk about makingBible-based commitments that govern your financial decisions throughout your life.Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: How do I invest in advance of heading into the mission field? I am disabled and deeply in debt. How do I handle this debt and address my creditors? I have just enough income to meet my monthly expenses. Should I continue to tithe?...
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Nov 28, 2012 Money Wise
The Problem of Identity Theft (with Dr Axton Betz)– Howard Dayton and Steve Moore welcome Dr Axton Betz. As a victim of identity theft herself (at age 11), Dr Betz offers advice for protecting yourself and your children from identity theft, as well as direction if your identity has already been stolen. Several helpful resources are mentioned on the program: AnnualCreditReport.com,the Identity Theft Resource Centerandthe Federal Trade Commission (ftc.gov),. Dr Betz also recommends checking...
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Nov 27, 2012 Money Wise
Beware of Greed – Howard Dayton and Steve Moore help you avoid becoming a victim of greed. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Should I cash out a life insurance policy to stabilize my finances in the wake of a divorce?" (Howard mentioned the 'Money and Marriage God's Way' study; also available as a book and audio CD) "Is it okay to accept loan forgiveness for school debt?" "I'm a widow in need of a new roof, but I have no money. What kind of...
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Nov 26, 2012 Money Wise
Is the Economy Straining Your Marriage? – Howard Dayton and Steve Moore offer encouragement and guidance for using financial stress to actually strengthen your marriage. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "What's a reverse mortgage?" "As newlyweds, should our focus be on paying down debt or putting money away for retirement?" "With low mortgage rates, would it be better to buy a bigger house OR buy the same size house but pay it off faster ?"...
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November 24, 2012 Money Wise Weekend
Raising Adult Children – Howard Dayton and Steve Moore offer guidelines for raising financially responsible children and then setting healthy boundaries as they enter adulthood. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How can I best prepare for a looming layoff at work?" "How do we safely close out multiple credit cards?" (Howard recommended AnnualCreditReport.com) "Are there legal grounds for not paying income tax?" "How do I correct a mistake...
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November 23, 2012 Money Wise
Evaluating Your Investments for 2013 - Howard Dayton and Steve Moore are joined by investment adivsor Mark Biller to discuss Bible-based investing. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: We have a surplus of around $2,000 per month. How should we invest that? I am 70 years old and retired. I have a 401k and I am at the age where I will begin taking that out. What should I do with those funds? I'm thinking about retiring...
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November 22, 2012 Money Wise
MoneyWise Thanksgiving Special - Howard Dayton and Steve Moore reveal what God's Word says about giving thanks as it pertains to finances and every area of our lives. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: I'm upside down on my mortgage and would like to refinance, but do not qualify for the HARP program. What can I do? We're thinking about building a house, but I have an irregular income. How do I determine what kind of house...
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Nov 21, 2012 Money Wise
The Benefits of Being Thankful – The Bible tells us that a joyful heart is good medicine. Howard Dayton and Steve Moore elaborate today on MoneyWise. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do we decide between a 15-year and a 20-year re-fi?" (Check out MakingHomeAffordable.gov) "Medical bills, job loss and the death of my husband have wiped out my finances - what's my next step?" "What's a good investment strategy for a young married...
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Nov 20, 2012 Money Wise
The Principle of Trust – Do you trust God, or just SAY that you trust God? Howard Dayton and Steve Moore discuss the difference today on MoneyWise. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Where do I tithe since I have no church home at the moment?" "With a mortgage balamce of only $27,000, is it worth it to re-finance?" (see the Compass mortgage calculator) "Do you have any recommendations for getting an auto deficiency paid off faster?" Be sure...
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Nov 19, 2012 Money Wise
Keeping Good Records – Keeping good records is essential to good financial health, and Howard Dayton and Steve Moore break the process down into easy, bite-sized pieces today on MoneyWise. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do I acquire a piece of abandoned property when the owners won't respond?" "How can a husband and wife - with very different approaches to money - learn to work together?" "How do I deal with tax-filing errors made by...
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November 16, 2012 Money Wise
Christ Centered Capitalism - Howard Dayton and Steve Moore discuss the importance of keeping Jesus at the center of all business practices.Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: My mother has a great deal of money in savings bonds, but the tax burden when I cash them in is outrageous. What can I do? I'm concerned about a possible looming economic crisis. How can I prepare? I'm taking a new job. I'm concerned if I provide 2...
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November 15, 2012 Money Wise
God's Vocational Calling On Your Life - Howard Dayton and Steve Moore discuss the importance of asking the Lord what his purpose is for your life.Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: Could the Lord use the lottery to bless me financially? How can I better manage my retirement investments? I can't find a bank that will refinance my mortgage, given my balance is now below $50,000. Any suggestions? Are there any scriptures that...
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Nov 14, 2012 Money Wise
Getting Good Counsel – Howard Dayton and Steve Moore discuss the value - and danger - of seeking the counsel of other, as well as where to find good counsel. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "As a single mom, where can I invest an inheritance to multiply it for me and my children?" (Howard recommended SoundMindInvesting.com and KingdomAdvisors.org) "What's the difference between term and whole life insurance, and which is better for a...
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Nov 13, 2012 Money Wise
How To Determine What To Buy and How Much To Spend – How do our everyday purchases reveal our value system? Today on MoneyWise, Howard Dayton and Steve Moore offer guidelines for making wise spending decisions. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Is it more important to pay off my low-interest student loan or get my retirement fund started?" "We've lost our home - what's our next step? Should we consider bankruptcy?" "As a young husband and...
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Nov 12, 2012 Money Wise
Pre-Marital Discussions about Money – Today on MoneyWise, Howard Dayton and Steve Moore identify issues that need to be discussed before you say, 'I do'. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "The lack of home 'comps' in my area are making it difficult to convert my construction loan into a conventional loan" (Howard recommended checking out the 'Harp 2' program /MakingHomeAffordable.gov) "What are our options for dealing with a second home?...
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November 10, 2012 Money Wise Weekend
Teaching Teens the Value of Hard Work – Howard Dayton and Steve Moore stress the importance of modeling and providing work opportunities in teaching your children and teens to work productively. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do we prioritize debt pay-off with our long-term goal to build a home?" "Is a traditional IRA or a Roth IRA better for someone who's getting a late start on retirement saving'"' "I'm 70 and thinking of moving...
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November 9, 2012 Money Wise
Don't Get Taken for a Ride on Auto Repairs - Howard Dayton and Steve Moore offer tips for saving money on auto maintenance while avoiding repair ripoffs. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: Our son has left his wife and children, and now his wife is asking us for financial help. Should we get involved? I've heard that the higher your credit score is, the lower the down-payment needed for a home. Can you explain how this...
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November 8, 2012 Money Wise
Planning for the Uncertain - Howard Dayton and Steve Moore offer Biblical guidance on preparing financially in uncertain times. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: We are looking at buying a home, but our tax returns don't show enough income to qualify for a loan. What do you suggest? Should I look at doing a reverse mortgage in the near future or simply refinance my home? I have an opportunity to receive a pension benefit...
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Nov 7, 2012 Money Wise
Talking Mortgages with Dale Vermillion – Howard Dayton and Steve Moore welcome mortgage expert Dale Vermillion (DaleVermillion.com) to discuss 'Reverse Mortgage' scams and the pros and cons of the 'Harp 2' program. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do I re-finance a piece of rental property?" "How do I finder a lender who'll re-finance a modular home?" (Dale recommended BankRate.com) "Serious health issues have caused a lender to turn...
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Nov 6, 2012 Money Wise
Giving from Love – Today on MoneyWise, Howard Dayton and Steve Moore look at the importance of giving with the right motivation. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Would it be wise to take my pension early to pay down debt?" "Cash flow problems are hurting our business and personal finances - can you offer some insight?" "Does it make sense to cash in savings bonds early?" "How do I tell if a 'work from home' offer is legitimate?" Mentioned...
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Nov 5, 2012 Money Wise
What the Bible Says About Lending Money – Lending money to someone can be a real blessing to them. It can also bring serious harm. Howard Dayton and Steve Moore offer biblical insight to help you discern when to lend. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do I prioritize pressing medical bills vs. building up my savings?" "Beyond a 401(k) and a Roth IRA, where should we invest for retirement?" (Howard recommending checking out...
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November 3, 2012 Money Wise Weekend
Understanding HELOC's – Howard Dayton and Steve Moore discuss the pro's and con's of Home Equity Lines of Credit and offer some serious warnings. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We have some retirement funds in low-yielding CD's - is there a better place to invest?" "I need some insight on re-financing - combining a first and second mortgage'"' "Are there tax consequences to giving a home to my daughter?" Be sure to check out theCompass...
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November 2, 2012 Money Wise
The Word on Lawsuits - Howard Daytonand Steve Moore reveal what the Bible has to say about litigation and settling disputes. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: Should I take out a loan to pay for house repairs? My mother is in financial trouble. Should she file bankruptcy? Should we keep paying on our mortgage for tax benefits or pay it off ASAP? Be sure to check out theCompass websitefor a complete listing of...
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November 1, 2012 Money Wise
Defining Wealth - Howard Dayton and Steve Moore offer insight into the Bible's definition of wealth and God's plan for your money. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: Would it be wise to continue renting or should I try to purchase a home? Should I retire now or wait four more years? Should I be worried about the value and stability of my savings bonds? Why should I save for the future, as opposed to trusting God to provide?...
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Oct 31, 2012 Money Wise
So You're Thinking of Retiring – Today on MoneyWise, Howard Dayton and Steve Moore offer counsel on using your retirement years most effectively. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Should I put my stocks in a safer place until after the elections?" "How do I re-finance a home with an upside-down mortgage?"(check outHarp 2andBankRate.com) "Do overdue medical bills affect my credit score?" "What does the Bible say about dealing with financial...
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Oct 30, 2012 Money Wise
Money and the Work Sphere of Our Lives – Today on MoneyWise, Howard Dayton and Steve Moore offer counsel for keeping our work lives in proper balance. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How should a recent college graduate view long-term investing?" "What are the pro's and con's of 'Harp 2' government backed mortgages?"(check outHarp 2andBankRate.com) "Where should I keep my emergency fund?" "What do you think of the credit repair services I...
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Oct 29, 2012 Money Wise
Bank Shopping – Today on MoneyWise, Howard Dayton and Steve Moore discuss the important qualifications and services to look for when shopping for a new bank. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "The company I work for recently lost their contract. I was in their 401K program but now I'm not sure what to do. Could you give me some advice?" "My husband and I have significant debt. Should we still tithe to our church?" "I would like to get a...
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Oct 26, 2012 Money Wise
National Mincemeat Day – Today on MoneyWise, Howard Dayton and Steve Moore discuss the importance of following God's principles so we don't make mincemeat of our personal finances. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I'm trying to decide if I should go back to school to get my Bachelor's degree. I don't want to get caught up in a ton of student loan debt. Can you give me some advice?" "I'm retiring soon and I have about 70K in my TSP account....
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Oct 25, 2012 Money Wise
Financial Freedom – Today on MoneyWise, Howard Dayton and Steve Moore discuss the Biblical principle seen in Proverbs 22:7. They examine how indebtedness can put us in a position of bondage. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I live in a mobile home and it is almost completely paid off. I am trying to become completely debt free and I was wondering if I should stay where I am in the mobile home and continue paying the monthly lot rent, or...
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Oct 24, 2012 Money Wise
Why Are We So Easily Fooled? – Today on MoneyWise, Howard Dayton and Steve Moore examine the human heart for clues as to why we so easily fall prey to scam artists. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How can I best use the cash value in an unneeded life insurance policy?" "Can you help a couple who doesn't see eye to eye on how to get out of debt?" "How do I refinance rental property?" Mentioned on today's program was the Compass small group...
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Oct 23, 2012 Money Wise
Investing Mistakes (with Mark Biller) – Howard Dayton and Steve Moore welcome Mark Biller to MoneyWise. Together, they help us avoid some common investing mistakes and then turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Are you familiar with an '801(k) Dividend Reinvestment Plan'?" "What are our options for re-investing a lump-sum pension benefit?" "At what point do we no longer need life insurance?" Mentioned on today's program was the Compass small-group study,...
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Oct 22, 2012 Money Wise
The Trap of Sudden Wealth – Today on MoneyWise, Howard Dayton and Steve Moore offer counsel on how to handle an unexpected windfall. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How can I re-finance with no equity in my home?" (check out Harp 2 and BankRate.com) "How would you advise a single young man just starting a career and looking for a home'"' "Should I use my 401(k) to pay off student loans?" "What's that special gift-tax exemption that...
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October 20, 2012 Money Wise Weekend
The Atomic Clock- Howard Dayton and Steve Moore tell us what time pieces can teach us about achieving true financial freedom.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: I may be moving into full-time ministry. What should I do about health insurance? I share properties with my mother. She wants to take out a loan on one of the properties. Should I agree to this? We are going to be receiving an inheritance soon. Should we use it to pay off...
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October 19, 2012 Money Wise
Investing in People - Howard Dayton and Steve Moore reveal the most important investment you can make as a Christian. Next, they answer calls and questions at (800) 525-7000 and MoneyWise@compass1.org about the following: My daughter will be heading to college soon. Should I go back to work full-time to help cover college costs? Should we take cash from emergency savings to pay off a car loan? I have $10,000 in cash and I'm not sure what to do with it. Should I save it or invest it? Be sure...
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October 18, 2012 Money Wise
Renting a Handbag - Howard Dayton and Steve Moore use an usual example to illustrate Biblical contentment as it relates to money and possessions. Next, they answer calls and emails at (800) 525-7000 and MoneyWise@compass1.org about the following: Is it worthwhile to refinance a house we may be selling within a couple of years? Should I take out a car loan to upgrade to a reliable vehicle and build my credit? How should I invest cash currently in a savings account and is a 401k the right...
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Oct 17, 2012 Money Wise
Raising Adult Children – Howard Dayton and Steve Moore offer guidelines for raising financially responsible children and then setting healthy boundaries as they enter adulthood. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How can I best prepare for a looming layoff at work?" "How do we safely close out multiple credit cards?" (Howard recommended AnnualCreditReport.com) "Are there legal grounds for not paying income tax?" "How do I correct a mistake...
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Oct 16, 2012 Money Wise
Investing in an Uncertain Economy (with Dave Szafranski) – Howard Dayton and Steve Moore welcome Dave Szafranski to the program for a look at the coming elections and how they might impact our financial future. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "What do you think about invest retirement funds in a Thrift Savings plan and A-rated insurance companies?" "What can you tell me about investing in individual bonds?"' "What's the best way to save...
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Oct 15, 2012 Money Wise
Who Needs a Budget? – A budget is a plan for how you're going to spend your money. Today on MoneyWise, Howard Dayton and Steve Moore tell you how use a budget to set healthy boundaries in your financial life and create healthy communication in your marriage. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We're in great financial shape and thinking of investing in rental property as a long-term investment - any advice?" "I'd like to get my mom's name of...
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October 13, 2012 Money Wise Weekend
Surviving on the Trail to Financial Freedom – Howard Dayton and Steve Moore help you protect yourself against unscrupulous 'credit repair' companies, predatory lenders and the like (Howard recommended CredAbility.org).Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do i help my children secure a credit card?" (Howard recommended BankRate.com) "We're about to sell my 76-year-old mom's home - where do we invest the proceeds?" "What is a gold...
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October 12, 2012 Money Wise
Instant Gratification - In today's culture, we're urged to the live for the moment and buy impulsively. But as Howard Dayton and Steve Moore reveal, the Bible offers very different advice.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Where do you draw the line when it comes to giving to family? Should I use money from an insurance pay out to pay off my home? What is an ARM and do you recommend that kind of mortgage? Could you please share a...
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October 11, 2012 Money Wise
Housing and Real Estate - Howard Dayton and Steve Moore are joined by author and mortgage expert Dale Vermillion to the ever changing housing market.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Should I help my son pay off his home? Can refinancing your home help you pay off your mortgage sooner? My current lender says there cannot refinance my loan. What are my options? Lear more about Dale Vermillion at DaleVermillion.com. Be sure to...
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October 10, 2012 Money Wise
Entertainment/Recreation and Your Budget – There's a God-ordained purpose for rest and recreation, but, without a plan, it can wreak havoc on your budget. Today on MoneyWise, Howard Dayton and Steve Moore help you restorebalance to your recreational spending. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "As a young, growing family, what do we need to think through before buying a home?" "I'm over my head in debt - what are my options?" "What do you...
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Oct 9, 2012 Money Wise
Financial Advice from Divorcees – Howard Dayton and Steve Moore pass along financial insights that just might help you avoid a marriage-ending mistake. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Where can I invest an unexpected $500 gift?" (Howard mentioned Austin Pryor's book, 'The Sound Mind Investing Handbook'; you can also check out the SMI website here) "How much money should we put into a home we plan to sell?"' "Can I get a tax benefit for...
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Oct 8, 2012 Money Wise
Teaching Teens the Value of Hard Work – Howard Dayton and Steve Moore stress the importance of modeling and providing work opportunities in teaching your children and teens to work productively. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do we prioritize debt pay-off with our long-term goal to build a home?" "Is a traditional IRA or a Roth IRA better for someone who's getting a late start on retirement saving'"' "I'm 70 and thinking of moving...
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October 6, 2012 Money Wise Weekend
Who Gets the Credit? – Howard Dayton and Steve Moore explore the question "Who deserves the credit for your success?" Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Should we sell a rental property in order to pay off the mortgage on our farm? We have started applying extra cash each month toward our mortgage. How much faster will this allow us to pay it off? How can we help our young niece and her new husband to learn how to handle money...
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October 5, 2012 Money Wise
Coping with the loss of a loved one - When you lose some close to you, the last thing you want to think about is money. Yet, that's one of the first things you're forced to deal with. Howard Dayton and Steve Moore offer Biblical advice for handling financial concerns after the death of a family member.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: I have a 4 and a 9 year old. What is the best way to save for their college? Should we pay cash...
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October 4, 2012 Money Wise
Financial Literacy - Howard Dayton and Steve Moore reveal the results of a recent survey of Americans regarding budgeting and money management.Howard Dayton and Steve Moore offer insight on this vital topic.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Should we work toward buying a home or more aggressively attack debt while renting? Would it be wise to take money out of my 403-b to pay for a debt? I am pastor of a small church and receive...
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October 3, 2012 Money Wise
Not a Spirit of Timidity, but Power – Howard Dayton and Steve Moore remind us that we can trust God when we're outside our 'comfort zone' - including the area of personal finances. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "Personal and medical challenges have really hurt our finances and credit rating - how do we re-build?" (mentioned was Howard's book, Money and Marriage God's Way' - also available on audio CD) "How can I best use my financial...
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October 2, 2012 Money Wise
Loving Your Pastor – Serving as a pastor can be one of the most challenging and important callings in life. Today on MoneyWise, Howard Dayton and Steve Moore offer ideas for encouraging and providing for your pastor. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "What's a fair charge for re-financing a home loan?" "How do I work with a creditor that doesn't seem to be dealing fairly?' (Mentioned in the conversation was Howard's book, 'Free and Clear'...
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Oct 1, 2012 Money Wise
Understanding HELOC's – Howard Dayton and Steve Moore discuss the pro's and con's of Home Equity Lines of Credit and offer some serious warnings. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "We have some retirement funds in low-yielding CD's - is there a better p;ace to invest?" "I need some insight on re-financing - combining a first and second mortgage'"' "Are there tax consequences to giving a home to my daughter?" Be sure to check out theCompass...
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September 29, 2012 Money Wise Weekend
How To Go Broke – Howard Dayton and Steve Moore take a 'tongue-in-cheek' look at a number of sure-fire ways to go broke, today on MoneyWise.Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "I'm told that I'm a semi-finalist in a Cadillac Escalade give-away - how should I handle that?" (caller mentioned the ministry, 'RighteousRides.org') "I made a mess of my credit when I was younger, but now I want to clean it up and set things right - can you give me...
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September 28, 2012 Money Wise
End of Life Planning - One day, we will all trade this world for our Heavenly home. Have you made the needed preparations to make life easier on those left behind? Howard Dayton and Steve Moore offer insight on this vital topic.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: What is the best way to address old overdue debts? What is the interest rate that would make it worthwhile for us to refinance our mortgage? We are preparing for a...
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September 27, 2012 Money Wise
Financial Contentment - Howard Dayton and Steve Moore explain the keys to Biblical contentment in any in any financial circumstance. Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: Should we deplete our savings to buy a needed minivan or finance part of the purchase? Would it be wise to refinance our home to get cash for repairs to the house? Should we use our savings to pay off our mortgage? Be sure to check out theCompass websitefor a...
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September 26, 2012 Money Wise
What Is 'Enough'? – Howard Dayton and Steve Moore often refer to knowing how much is enough. Today on MoneyWise, they clarify what they mean by 'enough' - and it's more than just being debt-free with money in the bank. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "What are the best investment options for our young children's college education?" (Howard recommended checking out SavingForCollege.com to compare '529' Plans) "Is it smart to pay off the...
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Sept 25, 2012 Money Wise
Understanding the World of Bonds (with Mark Biller) – Howard Dayton and Steve Moore welcome Mark Biller of Sound Mind Investing (SoundMindInvesting.com).They discuss 'bond basics' and answer questions from listeners (800-525-7000 or moneywise@compass1.org): "My small retirement fund is earning very little - are there better options?" "Are CD's safer than annuities?" "What's your investing advice for newlyweds focused on paying down debt?" "What's your take on the Roth Bond IRA?" "Would it be...
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Sept 24, 2012 Money Wise
Using Money To Minister – Money is a tool meant to provide for ourselves and our families, as well as to minister to others. Today on MoneyWise, Howard Dayton and Steve Moore explore some of the possibilities. Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "How do I decide if it's right to refinance?" (Howard recommended checking out BankRate.com to find a good mortgage rate) "Am I doing the right thing in using a 'credit repair' company?" (Howard...
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September 22, 2012 Money Wise Weekend
Reverse Mortgage Remorse – Howard Dayton and Steve Moore shed light on the pros and cons of 'reverse mortgages'today on Money Wise.Then they turn to questions from listeners (800-525-7000 or moneywise@compass1.org): "My lack of self-discipline is getting me deeper into debt - how do I manage my finances better?" "Would it be better to use an inheritance to pay off debt, or should I just stick with my current program of paying it down a month at a time?" "My husband and I are both in college...
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September 21, 2012 Money Wise
The Atomic Clock - Howard Dayton and Steve Moore tell us what time pieces can teach us about achieving true financial freedom.Next, they answer calls and emails (800-525-7000 or MoneyWise@Compass1.org) about the following: I may be moving into full-time ministry. What should I do about health insurance? I share properties with my mother. She wants to take out a loan on one of the properties. Should I agree to this? We are going to be receiving an inheritance soon. Should we use it to pay off...
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