MoneyWise Live | July 9, 2018

The Rich Young Ruler in Us

Show Notes

"...One thing you lack: go and sell all you possess and give to the poor, and you will have treasure in heaven; and come, follow Me."  That's the words of Jesus in Mark 10:21.  We all know that didn’t end well.

On this MoneyWise Live, making sure you don’t get snared by the same faulty thinking and desires that tripped up the "Rich Young Ruler."

Jesus is not saying that in order to follow him, we must give up all of our possessions.  That message was meant for the rich young man and others like him— although there’s something here for all of us.

Christ knew that money and possessions were a stumbling block for him.  In the verses just before however, Jesus said, do not murder, do not commit adultery, do not steal, do not bear false witness, do not defraud, honor your father and mother..."

Jesus was telling us to search our hearts— to make sure that we’re not allowing anything to come between us and Him. Certainly greed is something we’re especially mindful of here at MoneyWise— but the lesson applies to any sin.

Next, Rob and Steve tackle listener questions at 800-525-7000 and via email to on a variety of topics:

  • If your mortgage company raised your payment $182 per month because the escrow account is in the negative, what can you do to prevent it from happening again?
  • What should you do if your daughter is working full-time mission work but her mission organization isn't providing any expertise with the financial aspect of that work?
  • How do you transition from paying bills with credit cards to paying with cash without missing payments somewhere along the line?
  • Why is it recommended to keep one account for business and another for personal?
  • What are the basics that tithing is based on?
  • If you just recently became unemployed, should you call your credit card and and car loan companies to alert them of the problem? 
  • What do you do if you've created a budget, tried to stay on it but it just isn't working?
  • Does student loan debt pass to your spouse upon your death?
  • If you have a lot of different retirement plans that have amassed over your life, is there a good approach to consolidation of them?

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