Debt is a generosity killer. Because you are obligated to pay your bills, you cannot give and help others in the way that you probably desire. This is why we need to get out of debt and avoid
debt. And you are going to hear a story about someone who did just that on this episode.
Listener questions answered:
Question #1: Which should I do first—max out my Roth IRA or pay off my debt?
Question #2: At what point did you feel educated and experienced enough to write and encourage others on their journey of financial freedom equipping individuals to support the Kingdom of God?
Other notes:
8 Money Milestones:
Milestone 1: Start giving.
Milestone 2: Save $1,500 for a minor emergency.
Milestone 3: Max out your 401(k) or 403(b) match.
Milestone 4: Pay off all debt except your mortgage.
Milestone 5: Save 3 to 6 months of living expenses for a job-loss emergency.
Milestone 6: Put 15% of your gross income to retirement.
Milestone 7: Save for college or pay off your mortgage.
Milestone 8: Live generously.
Episode Sponsor:
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