Many people make assumptions about their future. On “Let’s Talk Money with Dave and Reb”, the co-hosts look at the shifting assumptions interest and inflation are generating, and how God’s words found in the book of James warn us that making assumptions about the future is never a good idea. They dig into the topics of “financial modelling assumptions” and how people can prepare in the face of changing economic tides.
“We make assumptions all the time,” Dave says. “We want the future to be the same as it is now, and we assume that it will be. But these days, normal assumptions around mortgages and home ownership are being questioned.”
To help listeners look to the future in wisdom, Dave and Reb recommend:
- Facing your current financial reality. That means knowing—in detail—what is going in and going out, and creating a spending plan.
- Make a plan and stick with the plan. As Dave often says, “plan what you spend and spend what you plan.”
- Don’t give up in adversity, and keep doing “the next right thing.” This includes diligence and consistency. Again, “plan what you spend, and spend what you plan”, aiming to live on less than you make, pay down debt, and save what you can.
“Above all else, keep your eyes on Jesus, and even—if like Peter—you fall, remember and know Jesus will raise you up again and again,” Reb says.
Tune in to episode #324 to hear their discussion sponsored by Financial Discipleship Canada and notmine.ca – a ministry to the body of Christ that voices and encourages dialogue and new conversations regarding finance and our discipleship to Christ. To learn how you can connect your finances to being a disciple of Christ go to https://www.financialdiscipleship.ca/. To order Reb’s e-book, audio book, or soft-cover copy of Cultivating Trust: Finding God’s Hope and Freedom for Your Finances, go to www.morethanenoughbooks.com.