Your Faith, Your Money

The Five Uses of Money & The Legacy You Leave Behind

24 min · 5 de feb de 2025
Portada del episodio The Five Uses of Money & The Legacy You Leave Behind

Descripción

Every dollar you earn has only five possible destinations: giving, saving, spending, taxes or debt. In this episode of Your Faith, Your Money, John Hagensen unpacks the significance of knowing your "dollar allocation" and how reordering your financial priorities can transform your wealth and its impact. He also dives into biblical wealth transfer, challenging you to think beyond just passing down money and instead focus on preparing the next steward. Plus, this week's challenge is a simple act of generosity demonstrated by purchasing a meal for someone less fortunate. This serves as a reminder that money is just a tool and you can use it to make a positive difference.

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What Most People Get Wrong About Generosity and the Power of Collective Giving

Big problems like poverty, homelessness and lack of resources feel impossible to solve. But history shows us that massive change doesn't come from one big donation; it comes from millions of small ones. This week, we break down how collective generosity can reshape societies, why most people overestimate what they can do alone and how debt is the silent killer of generosity. Then, we shift gears to tax efficiency, how to give and keep more through Qualified Charitable Distributions, why direct indexing is quietly replacing traditional investing and how mutual fund fees and revenue-sharing agreements create conflicts of interest that cost investors dearly. Plus, a simple $20 challenge that will change the way you think about giving. Small decisions, big impact.

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