In the world of finance, the term margin means the difference between what an item costs you and what you sell it for. In other words, profit margin. A business doesn’t survive without it. And having margin in our lives is just as important. On this edition of MoneyWise, we take a look at balancing the resources God has given you. MoneyWise host, financial teacher, speaker and President of Kingdom Advisors, Rob West joins co-host Steve Moore to discuss the topic.
- If you're about to sell your current home and gain $100,000 in equity, what should I do with that money?
- If you receive a bunch of credit card applications and I want to know how do I stop receiving them, what are the steps?
- If the only interest accumulating debt you have is your mortgage and you feel like you're at a comfortable level of savings, should you start putting more toward your mortgage or put the money elsewhere?
- If you and your wife purchased a few acres to build a house on but later found a house with more land, should you clean it up to sell it or just go ahead and get rid of it?
Be sure to check out our new website at moneywise.org to connect with a MoneyWise Coach or access our books, videos, or any of our free helpful resources. You can also find us on Facebook and get notifications about what we’re up to. Thanks for your prayerful and financial support that helps keep MoneyWise on the air. And if you'd like to help, just go to the website and click the Donate tab at the top of the page.