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Ask Ralph - Christian Finance

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Ralph V. Estep, Jr.

Are you a Christian longing to honor God in every aspect of your life, including your finances? The Ask Ralph Podcast is your guide to finding financial freedom, making wise money decisions, and aligning your resources with your faith. Your host, Ralph Estep, Jr., brings a unique combination of expertise and genuine experience to the table. He's an accountant, a business coach, a podcast host, an author, a farmer – but above all, a husband, father, and a man seeking to follow Jesus wholeheartedly. Ralph has been through the highs and lows of managing money - he's made mistakes, learned powerful lessons, and wants to share that journey with you. Expect a refreshing blend of practical advice and Biblical principles. We'll cover everything from creating a rock-solid budget and ditching debt to building ethical businesses and exploring the transformative power of generous giving. Whether you're a business owner yearning to integrate your faith into your work, or simply a person desiring wise stewardship of what you've been given, this podcast is for you. Get ready to ditch financial stress, gain clarity and confidence, and use your resources to fulfill God's calling in your life.

#597

How do I handle auto insurance if my kids are away at school?

Can a Christian parent cut corners on car insurance to make ends meet? This heart-wrenching dilemma faced by many families is explored as Ralph Estep Jr. dives into the complexities of financial decision-making from a faith-based perspective. The episode tackles questions about the morality of debt, the biblical view on life insurance, and practical advice for managing finances during challenging times. With real-world solutions and biblical wisdom, Ralph emphasizes the importance of maintaining proper insurance coverage while seeking ways to reduce costs. Join Ralph as he provides insights that blend spiritual principles with practical financial strategies, helping families handle auto insurance responsibly while navigating their financial challenges with both wisdom and faith. [https://www.askralphpodcast.com/handle-auto-insurance/] (https://www.askralphpodcast.com/handle-auto-insurance/) Podcast Timestamps: 00:00 Episode Overview 02:01 Bible Verse: 1 Timothy 5:8 – Providing for Your Household 02:23 Listener’s Question: Navigating Financial Dilemmas as a Christian Parent 07:18 Exploring Biblical Perspectives on Debt and Financial Responsibility 11:13 Biblical Perspective on Life Insurance 18:47 Transitioning to Independence: The Age of Responsibility 23:04 Tax Return Concerns 25:21 Opening a New Credit Card for Lower Interest Rates 28:14 Call to Action 38:02 Closing Takeaways: --- Proper insurance coverage is crucial for families, even while trying to cut costs. --- The Bible does not prohibit debt but warns against the dangers of borrowing. --- Maintaining insurance while seeking discounts is a wise financial strategy for parents. --- Life insurance can provide family stability and aligns with biblical principles of stewardship. --- Debt should be approached with caution, considering both necessity and financial responsibility. --- Seeking help from a financial advisor can provide personalized strategies for financial freedom. Links referenced in this episode: --- [irs.gov] (https://irs.gov) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

4 hrs Ago

39 MINS

39:54

4 hrs Ago

#596

Why should I designate a trust as a retirement account beneficiary?

Are you worried about what will happen to your retirement accounts if the unexpected occurs? Today, Ralph dives into the critical topic of naming a trust as a beneficiary for retirement accounts, a decision that can save your family from unnecessary taxes and complications. He shares his own journey, highlighting how a revocable living trust not only provides peace of mind but also ensures that assets are distributed in alignment with your values and intentions. With over 30 years of financial experience, Ralph outlines six key benefits of establishing a trust, including strategic distribution, tax efficiency, and privacy protection. Tune in to learn how thoughtful estate planning can empower you to support future generations while navigating life's uncertainties with confidence—and discover the answer to the question, Why should I designate a trust as a retirement account beneficiary? [https://www.askralphpodcast.com/retirement-account-beneficiary/] (https://www.askralphpodcast.com/retirement-account-beneficiary/) Podcast Timestamps: 00:00 Episode Overview 00:59 Listener Question: Inheriting an IRA 02:16 Bible Verse: Proverbs 13:22 02:51 Personal Story: Facing Health Challenges 05:50 Benefits of a Revocable Living Trust 14:02 Key Considerations on Creating a Trust 15:27 Call to Action 17:07 Practical Steps for Setting Up a Trust 18:10 Final Thoughts Takeaways: --- Setting up a trust as a beneficiary can provide strategic control over distributions for loved ones. --- Trusts offer tax efficiency that can minimize tax implications when passing on assets. --- Creating a trust helps avoid the probate process, keeping financial matters private for families. --- Establishing a trust allows for regular reviews and updates based on changing family dynamics. --- Integrating charitable giving into your trust can align financial planning with personal values. --- A comprehensive inventory of assets is crucial when setting up a trust for effective management. Links referenced in this episode: --- [https://www.askralphpodcast.com/estate-planning-chat-with-attorney-kevin-baird/] (https://www.askralphpodcast.com/estate-planning-chat-with-attorney-kevin-baird/) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

Yesterday

19 MINS

19:47

Yesterday

#595

What are some new tax issues facing us in 2025?

Has the thought of 2025 tax changes kept you up at night? Ralph Estep Jr. addresses the looming expiration of the Tax Cuts and Jobs Act and its potential impact on your financial future. He shares the story of David, a small business owner grappling with uncertainty, highlighting the importance of preparation and resilience in the face of changing tax laws. With insights on estate planning, investment strategies, and the necessity of comprehensive deduction planning, Ralph equips listeners with actionable steps to navigate these changes while staying true to their Christian values. Tune in for practical advice, biblical wisdom, and a reminder that even amidst financial challenges and new tax issues, there is always hope and a path forward. [https://www.askralphpodcast.com/new-tax-issues/] (https://www.askralphpodcast.com/new-tax-issues/) Podcast Timestamps: 00:00 Episode Overview 01:47 Listener Question: Concerns About 2025 Tax Changes 02:56 Biblical Perspective: Resilience and Faith 04:04 Three Crucial Lessons For Our Tax Planning 06:26 Understanding the 2025 Tax Changes 07:06 Real Life Story of a Client 08:06 Major Tax Changes in 2025: How They Will Impact You and Everyone Else 15:52 Practical Steps for Tax Planning 19:40 Call to Action 21:35 The Expected Impact of Tax Cuts and Jobs Act 23:04 Action Steps You Can Take 24:53 Closing Takeaways: --- The 2025 tax changes could significantly impact your financial planning, especially for small business owners. --- Preparation is key; understanding potential tax changes can help you maintain financial stability. --- Charitable giving strategies should be reviewed and timed carefully in light of upcoming tax adjustments. --- Maintaining detailed records and documentation can help you navigate potential tax law changes effectively. --- Trusting in God's plan during uncertain financial times is crucial for resilience and wise stewardship. --- Working with qualified tax professionals can provide guidance through the complexities of upcoming tax legislation. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

19 Dec 2024

26 MINS

26:41

19 Dec 2024

#594

Why do people obsess over a 800 credit score when this score is just as good?

Chasing that elusive 800 credit score could be the very thing blocking your financial blessings. Ralph shares the heartfelt story of Jennifer, who has put her life on hold due to her obsession with her 765 credit score, highlighting how this fixation can lead to unnecessary anxiety and missed opportunities. Drawing from his extensive experience as a credit executive, Ralph reveals that successful financial stewardship is about much more than just a number. He introduces the "three Cs" of credit—character, capacity, and collateral—emphasizing their importance over mere credit scores. Tune in as Ralph provides actionable steps to help listeners find true financial peace while aligning their financial decisions with their faith—and why an 800 credit score isn’t the only measure of financial success. [https://www.askralphpodcast.com/800-credit-score/] (https://www.askralphpodcast.com/800-credit-score/) Podcast Timestamps: 00:00 Episode Overview 01:48 Jennifer's Heartfelt Message 03:56 Biblical Perspective on Financial Anxiety 07:55 Understanding the Three C's of Credit 15:48 Call to Action 17:22 Action Steps for Financial Peace 22:26 Final Thoughts Takeaways: --- Obsessing over achieving an 800 credit score may be hindering your financial opportunities. --- Your credit score is just one aspect of your overall financial health and decisions. --- Focus on financial integrity and character rather than fixating on a perfect credit score. --- Establish a balance between monitoring your credit and celebrating your financial achievements. --- Building an emergency fund is crucial for long-term financial stability and peace of mind. --- Prayer and reflection should guide your financial decisions instead of mere numbers. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

18 Dec 2024

24 MINS

24:28

18 Dec 2024

#593

What are 7 warning signs that my computer has been hacked?

Catherine, a small business owner, faced a devastating cyberattack that locked her out of her entire life's work, demanding a ransom in Bitcoin. This harrowing experience serves as a crucial reminder of the increasing threats posed by cybercriminals, particularly to small businesses and faith-based organizations. Ralph Estep Jr. shares valuable insights on the seven warning signs that indicate your computer may have been hacked, helping listeners recognize potential threats before they escalate. He emphasizes the importance of vigilance and proactive measures to protect both personal and business digital assets. Join Ralph as he combines practical advice with spiritual discernment, ensuring you’re prepared to take action before your computer has been hacked and your information compromised in today’s digital landscape. [https://www.askralphpodcast.com/computer-has-been-hacked/] (https://www.askralphpodcast.com/computer-has-been-hacked/) Podcast Timestamps: 00:00 Episode Overview 01:08 Listener's Heartbreaking Story 02:49 Bible Verse: Proverbs 4:23 03:30 The Devastating Impact of Cyber Attacks 06:01 Catherine's Ransomware Ordeal 07:59 Seven Warning Signs of a Hacked Computer 08:04 #1 Unexplained Slow Performance 08:41 #2 Strange Pop-ups 09:06 #3 Programs Starting Automatically 09:44 #4 Unauthorized Password Changes 10:17 #5 Missing Files or Changes to Files 11:00 #6 Unusual Network Traffic 11:34 #7 Disabled Security Programs 12:28 Call to Action 14:19 Prevention Tips and Digital Stewardship 24:18 Final Thoughts Takeaways: --- Cyber attacks can devastate small businesses, with 60% closing within six months of an attack. --- Being vigilant about signs of hacking, like slow performance and strange pop-ups, is critical. --- Ransomware can lock your files and demand payment, stressing the importance of backups. --- Regular software updates are essential to protect against vulnerabilities and cyber threats. --- Creating strong passwords and changing them frequently is a key part of digital security. --- Employee training in cybersecurity can prevent breaches and empower staff to spot threats. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Bitdefender --- Malwarebytes --- LastPass --- 1Password --- Carbonite --- NordVPN Business --- ExpressVPN [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

17 Dec 2024

25 MINS

25:52

17 Dec 2024

#592

Why should I choose a credit union over a traditional bank?

Choosing a credit union over a traditional bank can significantly impact your financial journey, especially when it aligns with your Christian values. Ralph Estep Jr. shares his extensive experience as a credit union executive, highlighting the key differences between institutions that prioritize profits and those that genuinely care for their members. Through compelling stories, he illustrates how credit unions prioritize people over profits, providing personalized service and community support. Listeners are encouraged to seek financial relationships that reflect their values, making informed choices that foster both personal and communal growth. Tune in to learn how to navigate the world of banking with a focus on faith-driven financial decision-making—and discover why it’s time to choose a credit union. [https://www.askralphpodcast.com/choose-a-credit-union/] (https://www.askralphpodcast.com/choose-a-credit-union/) Podcast Timestamps: 00:00 Episode Overview 00:52 Listener’s Question 02:41 Bible Verse: Proverbs 11:14 03:16 Credit Union Stories 09:15 The Credit Union Difference 15:48 Credit Union Statistics and Growth 17:28 What Makes Credit Unions Fundamentally Different 19:34 Call to Action 22:09 Action Steps: Making the Switch to a Credit Union 24:11 Final Thoughts Takeaways: --- Credit unions prioritize people over profits, offering personalized service and community support. --- Choosing a financial institution that aligns with your values can lead to greater satisfaction. --- Successful loans at credit unions often consider character and community impact over credit scores. --- Credit unions have been instrumental in helping local businesses and individuals achieve their dreams. --- A strong emphasis on financial education helps members make informed choices about their money. --- The member-owned structure of credit unions allows profits to benefit the community directly. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Chrysler [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

16 Dec 2024

25 MINS

25:53

16 Dec 2024

#591

How can we express our love for Christ in our daily lives?

Are you caught in the conflict between your financial ambitions and your spiritual values? Many Christians, like Mindy from New York, grapple with the tension of pursuing wealth while desiring to honor God in their lives. Ralph shares his powerful journey of reconciling faith and finances, emphasizing that success does not have to come at the cost of spiritual integrity. By integrating prayer and biblical principles into business decisions, you can transform your approach to money management. Join Ralph as he offers practical strategies and heartfelt insights to help you align your financial goals with your faith, ensuring that your success serves as a testimony of God's faithfulness and provides opportunities to express our love for Christ. [https://www.askralphpodcast.com/express-our-love-for-Christ/] (https://www.askralphpodcast.com/express-our-love-for-Christ/) Podcast Timestamps: 00:00 Episode Overview 01:25 Listener's Question: Balancing Business and Faith 03:30 Join the Live Community 05:48 Bible Verse: Matthew 22:37-39 06:21 Personal Story: A Transformative Encounter 09:52 Faith-Based Business Strategies #1 Make Prayer Your Business Strategy 10:57 #2 Build Your Business on Biblical Principles 12:30 #3 Use Your Success as a Ministry 14:05 #4 Trust God's Timing 15:10 #5 Create a Legacy of Faith 16:20 Call to Action 17:57 Action Steps for Faith and Finances 20:00 Closing Takeaways: --- Balancing faith and financial decisions is a common struggle for many Christians. --- Success in business can serve as a testimony of God's faithfulness and love. --- Prayer should be integrated into daily business practices to seek divine guidance. --- Building a business on biblical principles ensures integrity and purpose in operations. --- Trusting in God's timing can bring peace during financial challenges and setbacks. --- Creating a legacy of faith through business decisions leads to lasting impact and service. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

15 Dec 2024

22 MINS

22:05

15 Dec 2024

#590

How can I find financial harmony with my partner?

Are money fights destroying your marriage? Ralph Estep Jr. tackles this pressing issue by sharing a powerful story of transformation for a couple struggling with financial conflicts. He delves into crucial year-end tax moves that could save you thousands, as well as practical advice for turning a side hustle into a thriving business. With insights on charitable giving strategies and smart deductions, Ralph provides a seven-step blueprint to end financial disputes in marriages once and for all. Join the conversation to discover how aligning financial goals with shared values can lead to harmony, financial success, and help you find financial harmony. [https://www.askralphpodcast.com/find-financial-harmony/] (https://www.askralphpodcast.com/find-financial-harmony/) Podcast Timestamps: 00:00 Episode Overview 01:55 Bible Verse 02:15 Financial Conflicts in Marriage 05:52 Mark and Lisa's Transformation 06:41 Seven Strategies for Financial Harmony 10:39 Income Tax Planning 16:09 Small Business Tax Tips 18:05 Retirement Contributions: SEP IRA and Solo 401k 20:24 Forming an LLC or S-Corp: Tax Implications 24:52 Financial Planning and Accountability 28:33 Live Q&A and Contest 34:46 Final Thoughts Takeaways: --- Money conflicts can be detrimental to relationships; try money date nights to improve communication. --- Shared financial goals with distinct responsibilities can help couples align their financial strategies. --- Establishing a three account system may ease financial tensions between partners. --- Pray together and study scripture to guide financial decisions in your marriage. --- Taking time to reflect on purchases can reduce impulse spending and financial conflict. --- Consider forming a business entity early to minimize self-employment tax liabilities. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Amazon --- Nerd Wallet --- Bankrate --- Goodwill --- Salvation Army ---AMVETS [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

14 Dec 2024

36 MINS

36:49

14 Dec 2024

#589

What are 9 steps I can take right now in my business for a better tax situation next year?

Are you feeling overwhelmed by your tax obligations as a small business owner? You're not alone, and today we tackle that very issue. Ralph shares nine battle-tested steps that helped Mark save over $30,000 on his taxes while keeping his employees. From reviewing your business structure to maximizing deductible expenses, these strategies merge smart financial planning with faithful stewardship. As we navigate the complexities of taxes, remember that making informed financial decisions can empower you to take control of your business and alleviate that gut-wrenching feeling when tax bills arrive. Join us as we explore practical solutions that align your financial success with your Christian values—laying the foundation for a better tax situation next year. [https://www.askralphpodcast.com/better-tax-situation-next-year/] (https://www.askralphpodcast.com/better-tax-situation-next-year/) Podcast Timestamps: 00:00 Episode Overview: Mark's Tax Struggle 01:16 Listener's Tax Dilemma 02:52 Join the Live Community 05:04 Bible Verse: Matthew 25:14-21 07:03 9 Crucial Steps I Can Take For a Better Tax Situation 07:11 #1 Review Your Business Structure 08:02 #2 Maximize Deductible Expenses 09:17 #3 Plan for Equipment Purchases 10:41 #4 Consider Retirement Contributions 11:57 #5 Review Your Inventory Management 13:35 #6 Assess Your Home Office Deduction 14:27 #7 Explore Tax Credits 15:25 #8 Defer Income (Strategically) 17:00 #9 Consult with a Tax Professional 18:40 Big Takeaway 19:08 Call to Action 20:45 Action Steps for Financial Success 22:06 Final Thoughts Takeaways: --- Review your business structure annually to optimize tax savings and financial efficiency. --- Maximize deductible expenses through systematic tracking and accounting software for better clarity. --- Plan your equipment purchases strategically to take advantage of tax deductions effectively. --- Consider retirement contributions throughout the year to secure your future and reduce taxable income. --- Explore available tax credits relevant to your business to enhance financial health. --- Consult with a tax professional regularly to navigate complex financial decisions and save money. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- QuickBooks [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

13 Dec 2024

23 MINS

23:47

13 Dec 2024

#588

What are 11 tax related new years resolutions I should adopt?

Are you grappling with the financial strain of tax season, caught between your obligations to pay taxes and your commitment to generous giving? Ralph shares powerful insights by revealing 11 biblical tax resolutions that helped one small business owner turn a daunting $12,000 tax bill into a surprising $3,000 refund. These strategies aim to align your financial decisions with your faith, ensuring you can honor your responsibilities while maintaining peace of mind. From maximizing retirement contributions to optimizing tax-advantaged accounts, Ralph provides actionable steps that can save you thousands. Join the conversation and discover how to navigate the complexities of taxes with a faith-based approach that prioritizes both financial success and spiritual stewardship—perfect inspiration for setting meaningful tax-related New Year’s resolutions. [https://www.askralphpodcast.com/tax-related-new-years-resolutions/] (https://www.askralphpodcast.com/tax-related-new-years-resolutions/) Podcast Timestamps: 00:00 Episode Overview 01:27 Heartfelt Message from Melinda 02:44 Join the Community 04:57 Bible Verse: 1 Timothy 5:8 06:40 11 Tax Resolutions to Save You Thousands 06:52 #1 Maximizing Retirement Contributions 08:35 #2 Optimizing Tax-Advantaged Accounts 10:04 #3 Strategic Tax Loss Harvesting 11:52 #4 Smarter Asset Location 13:12 #5 Long-Term Investment Strategy 15:06 #6 Enhanced Itemized Deductions 19:50 #7 Education Benefits Maximization 20:29 #8 Home-Related Tax Advantages 21:10 #9 Developing a Documentation System 22:16 #10 Professional Guidance 23:53 #11 Quarterly Review System 26:15 Call to Action 27:38 Action Steps You Can Take 28:55 Closing Takeaways: --- Maximizing your retirement contributions can significantly reduce your tax bill and secure your future. --- Consider utilizing health savings accounts to take advantage of their triple tax benefits. --- Strategic tax loss harvesting can offset gains and minimize your capital gains tax burden. --- Establish a documentation system for tracking deductions throughout the year to simplify tax season. --- Consulting a tax professional regularly can provide proactive strategies for effective tax planning. --- Implementing a quarterly review system can help you stay on top of your financial goals. Links referenced in this episode: --- [https://www.askralphpodcast.com/putting-into-retirement/] (https://www.askralphpodcast.com/putting-into-retirement/) --- [https://www.askralphpodcast.com/health-savings-accounts/] (https://www.askralphpodcast.com/health-savings-accounts/) --- [https://www.askralphpodcast.com/two-types-of-529-plans/] (https://www.askralphpodcast.com/two-types-of-529-plans/) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

12 Dec 2024

30 MINS

30:25

12 Dec 2024

#587

What are 5 common investment choices which kill your returns?

Are you feeling anxious every time you check your retirement account? You're not alone in this struggle, as many people worry about their financial future and the possibility of losing their hard-earned savings due to poor decisions. Today, Ralph shares five common investment mistakes that could derail your financial plans, drawing on real-life stories that highlight the emotional decision-making we all face. He emphasizes the importance of having a solid financial plan and aligning your investment choices with your Christian values. Join Ralph as he offers practical wisdom and biblical truths to help you navigate these challenges, ensuring you can protect your family's financial future while staying true to your faith—and avoid the 5 common investment choices which kill your returns. [https://www.askralphpodcast.com/investment-choices-which-kill/] (https://www.askralphpodcast.com/investment-choices-which-kill/) Podcast Timestamps: 00:00 Episode Overview 01:52 Listener’s Question 04:10 Join the Community 06:25 Bible Verse: Proverbs 15:22 06:46 Five Common Investment Mistakes 07:01 #1 The "Hot Stock" Syndrome 08:18 #2 The "All Eggs in One Basket" Approach 09:27 #3 The "Timing the Market" Trap 10:19 #4 The "Emotional Decision Making" Pitfall 11:21 #5 The "Going It Alone" Mistake 12:18 Finding the Right Financial Advisor 14:28 Call to Action 16:24 Action Steps for Financial Freedom 17:35 Closing Takeaways: --- Many Christians face challenges in balancing their faith with financial decisions and investment strategies. --- Emotional decision-making can lead to costly mistakes in investment, as seen in Chrissy's story. --- Diversifying investments is crucial; putting all money in one place can lead to significant losses. --- Working with a financial advisor can help align investments with Christian values and financial goals. --- Regularly reviewing and adjusting your investment portfolio is essential for long-term financial success. --- Avoid trying to time the market; consistent investing tends to yield better results over time. Links referenced in this episode: ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

11 Dec 2024

19 MINS

19:27

11 Dec 2024

#586

How do I freeze my credit file and why should I consider doing it?

Freezing your credit file might be one of the smartest financial moves you can make to protect yourself from identity theft. Ralph Estep Jr. addresses the alarming rise of unauthorized credit applications and the emotional toll that comes with them, sharing a poignant story about a victim named Michael who discovered fraudulent accounts opened in his name. The episode emphasizes the importance of being proactive in safeguarding your financial identity, drawing on biblical principles to highlight the value of prudence and preparation. Listeners will learn practical steps to implement a credit freeze across all three major credit bureaus, providing a fortress against potential fraud. Ralph combines his financial expertise with a Christian perspective to guide listeners toward achieving peace of mind and the confidence to declare, "It’s time to freeze my credit file" as a critical step in protecting their future. [https://www.askralphpodcast.com/freeze-my-credit-ﬁle/] (https://www.askralphpodcast.com/freeze-my-credit-%EF%AC%81le/) Podcast Timestamps: 00:00 Episode Overview 01:04 Listener’s Question 03:13 Bible Verse: Proverbs 22:3 03:37 Rebecca's Story: A Case Study in Credit Freezes 08:10 Why Credit Protection Matters 06:06 The Power of Credit Freezes 12:53 Steps to Implement a Credit Freeze 16:25 Action Steps You Can Take 18:48 Closing Takeaways: --- A credit freeze can serve as a protective barrier against identity theft, ensuring your financial security. --- Identity theft can have devastating emotional and financial impacts, leading to significant distress and anxiety. --- Proactively freezing your credit can prevent unauthorized accounts from being opened in your name. --- Monitoring your credit regularly is crucial to catching potential fraud early and minimizing damage. --- Consider freezing your children's credit files to protect their financial identity from early exposure. --- Always store your credit freeze PIN securely to easily manage and lift the freeze when necessary. Links referenced in this episode: --- [askralphpodcast.com/live] (https://askralphpodcast.com/live) --- [askralphpodcast.com/review] (https://askralphpodcast.com/review) --- [equifax.com] (https://equifax.com) --- [experian.com] (https://experian.com) --- [transunion.com] (https://transunion.com) --- [annualcreditreport.com] (https://annualcreditreport.com) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Chase --- Equifax --- Experian --- TransUnion [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

10 Dec 2024

20 MINS

20:49

10 Dec 2024

#585

What are 19 steps I can take to overcome my savings shortfall even in my early 50’s?

Are you feeling anxious about your financial future as you approach retirement in your 50s? Ralph addresses this concern head-on by sharing 19 powerful steps to help you regain control over your savings and ensure financial security. With heartfelt listener questions guiding the discussion, Ralph emphasizes the importance of taking actionable steps, such as starting with a detailed financial assessment and implementing strict expense tracking. He also highlights the value of diversifying investments, maximizing retirement contributions, and creating multiple income streams. By following these strategies, you can transform your financial situation, overcome your savings shortfall, and align your goals with your values, paving the way for a more secure and fulfilling retirement. [https://www.askralphpodcast.com/my-savings-shortfall/] (https://www.askralphpodcast.com/my-savings-shortfall/) Podcast Timestamps: 00:00 Episode Overview 01:10 Listener Question: Margaret's Financial Dilemma 03:29 Bible Verse: Ecclesiastes 11:2 Financial Diversification 04:10 Tom and Sarah's Story: A Real-Life Example 06:40 19 Steps To Take To Overcome Savings Shortfall Even In Early 50’s 06:46 #1 Start with a Detailed Financial Assessment 08:03 #2 Implementing Strict Expense Tracking 10:06 #3 Creating a Realistic Budget 11:23 #4 Maximizing Retirement Contributions 12:06 #5 Strategic Social Security Planning 13:22 #6 Diversifying Investments 14:36 #7 Building an Emergency Fund 15:31 #8 Reviewing Insurance Coverage 16:34 #9 Addressing Existing Debt 17:45 #10 Master the Art of Smart Shopping 18:51 #11 Creating Multiple Income Streams 19:54 #12 Optimizing Housing Costs 20:48 #13 Reviewing and Reducing Monthly Subscriptions 21:45 #14 Implementing Tax Efficient Strategies 22:19 #15 Maximizing Employee Benefits 23:16 #16 Building Financial Knowledge 24:04 #17 Practicing Contentment 25:08 #18 Networking with Like-Minded Individuals 25:57 #19 Regular Financial Checkups 26:40 Call to Action 28:27 What Happened With Tom And Sarah? 30:09 Conclusion Takeaways: --- Consider starting your retirement savings now, even if you're in your 50s; it's never too late. --- Develop a detailed financial assessment to understand your current assets and liabilities clearly. --- Implement strict expense tracking to gain insight into your spending patterns and habits. --- Diversify your investments across different sectors to mitigate risks and enhance returns. --- Maximize your retirement account contributions to take full advantage of compound interest over time. --- Practice contentment by waiting 48 hours before making non-essential purchases to reduce impulsive spending. Links referenced in this episode: --- [askralphpodcast.com/survey] (https://askralphpodcast.com/survey) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Amazon --- Exxon [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

09 Dec 2024

31 MINS

31:57

09 Dec 2024

#584

Do I love the world and my stuff too much? Are your affections set on this world and not on your hea...

Are your affections set too much on this world rather than your heavenly home? Host Ralph Estep Jr. dives deep into this critical question that challenges us to reassess our spending habits and materialistic mindset. He shares the heartfelt message from a listener named Christine, who feels overwhelmed by her possessions and struggles to align her financial choices with her faith. Ralph offers practical steps to shift focus from accumulating worldly treasures to investing in eternal ones, emphasizing the importance of being good stewards rather than owners of our resources. With a blend of personal anecdotes and spiritual insights, this episode aims to inspire listeners to declutter their lives, prioritize what truly matters, and reflect on how their actions reveal whether they love the world more than their eternal home. [https://www.askralphpodcast.com/love-the-world/] (https://www.askralphpodcast.com/love-the-world/) Podcast Timestamps: 00:00 Episode Overview 01:30 Listener's Struggle with Materialism 04:52 Bible Verse: Matthew 6:19-21 08:06 Practical Steps You Can Take to Be Good Stewards of God’s Treasures 08:20 #1 Conduct a Heart Audit 09:49 #2 Practice Intentional Gratitude 11:10 #3 Implement the 48-Hour Rule 12:46 #4 Create a Kingdom-First Budget 14:17 #5 Declutter with Purpose 16:20 Call to Action 19:14 Prayer 20:52 Action Steps 22:35 Closing Takeaways: --- Feeling overwhelmed by possessions can signify a deeper spiritual struggle in your life. --- Practicing intentional gratitude can shift your focus from wanting more to appreciating what you have. --- Implementing a 48-hour waiting rule for purchases can help curb impulsive spending habits. --- Creating a kingdom-first budget prioritizes giving and eternal investments over temporal pleasures. --- Decluttering with purpose involves removing items that don't align with your eternal values. --- True financial freedom comes from needing less and giving more, not from accumulating things. Links referenced in this episode: --- [askralphpodcast.com/survey] (https://askralphpodcast.com/survey) --- [askralphpodcast.com/christmas] (https://askralphpodcast.com/christmas) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

08 Dec 2024

24 MINS

24:58

08 Dec 2024

#583

What are 11 tips to go from living paycheck to paycheck into true wealth building?

Tonight's podcast dives into practical financial advice for those feeling financially overwhelmed, especially single parents and small business owners. Ralph addresses the pressing concerns of listeners like Sarah, a single mom struggling to make ends meet, and Marcus, who is tracking every penny but still feels stuck. The discussion includes actionable steps to achieve financial stability, such as setting small goals, reviewing expenses, and exploring community support. Additionally, Ralph explores the intersection of faith and finance, providing biblical insights on wealth creation for Christian business owners like Jennifer. With practical guidance, humor, and a focus on true wealth building, this episode aims to empower listeners to take control of their financial futures and foster a sense of community and support. [https://www.askralphpodcast.com/true-wealth-building/] (https://www.askralphpodcast.com/true-wealth-building/) Podcast Timestamps: 00:00 Episode Overview 02:07 Bible Verse: Proverbs 21:20 02:56 Navigating Financial Pressures as a Single Parent 05:50 Interactive Q&A: BOI Report and Business Ownership 07:57 Marcus' Financial Struggles: Redesigning Your Financial Plumbing 11:48 Jennifer's Dilemma: Honoring God While Building Wealth 16:22 Delaware's Family Paid Leave Act Explained 18:58 401k vs. Real Estate: Making Smarter Investment Decisions 25:50 Understanding Self-Employment Taxes 33:47 Calculating Your Tax Bracket 37:53 Call to Action 47:01 Closing Takeaways: --- Financial hardship is not a moral failing; release the shame and seek stability. --- Building wealth involves restructuring your financial life, not just saving every penny. --- Focus on income growth by investing in yourself and developing new skills. --- For single parents, creating a support network can provide crucial financial resources. --- Explore additional income sources, such as side businesses, to boost your finances. --- The Delaware Family Paid Leave Act offers up to 12 weeks of paid leave. Links referenced in this episode: --- [askralphpodcast.com/survey] (https://askralphpodcast.com/survey) --- [https://www.askralphpodcast.com/christmas] (https://www.askralphpodcast.com/christmas) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Amazon --- QuickBooks [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

07 Dec 2024

48 MINS

48:43

07 Dec 2024

#582

What changes are coming to social security in 2025?

Are you worried about the future of Social Security and how upcoming changes in 2025 might affect your retirement? You're not alone; many hardworking individuals share your concerns. Ralph addresses these fears head-on by outlining three major changes to Social Security, including adjustments to benefits, full retirement age, and wage caps. He emphasizes the importance of proactive financial planning and diversifying income sources to secure your retirement, rather than relying solely on Social Security. Join Ralph as he offers practical strategies and insights to help you build a financially stable future while understanding the potential impact of Social Security in 2025. [https://www.askralphpodcast.com/social-security-in-2025/] (https://www.askralphpodcast.com/social-security-in-2025/) Podcast Timestamps: 00:00 Episode Overview 00:58 Listener’s Question: How Will Social Security Changes Affect My Retirement? 04:06 Bible Verse: Proverbs 13:22 – Leaving an Inheritance for Generations 05:20 Key Social Security Updates for 2025 05:27 #1 Cost of Living Adjustment (COLA): What to Expect 06:34 #2 Full Retirement Age (FRA): New Rules and Implications 07:35 #3 Wage Cap Increases: What It Means for Workers and Employers 09:43 Real-Life Story: James’ Financial Transformation Through Planning 12:22 How To Boost Your Income Beyond Social Security 12:49 #1 Investment Diversification 13:58 #2 Multiple Income Streams 14:59 #3 Retirement Account Optimization 18:13 Cash Flow Management 19:30 Asset Evaluation 21:47 Call to Action 23:33 Actionable Steps to Prepare for Social Security Changes 25:00 Closing Takeaways: --- Social Security changes in 2025 include a 2.5% cost of living adjustment, affecting monthly payments. --- Understanding the full retirement age is crucial for maximizing Social Security benefits over time. --- Diversifying your investment portfolio is essential for financial stability in retirement planning. --- Creating multiple income streams can significantly improve your financial security as you age. --- Evaluate your retirement accounts regularly to ensure you are optimizing your savings potential. --- Consider consulting a financial advisor to tailor your retirement strategy to your specific needs. Links referenced in this episode: --- [askralphpodcast.com/survey] (https://askralphpodcast.com/survey) --- [https://www.askralphpodcast.com/christmas] (https://www.askralphpodcast.com/christmas) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) Companies mentioned in this episode: --- Amazon [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

06 Dec 2024

27 MINS

27:01

06 Dec 2024

#581

What are 9 retirement expenses which I may not have considered?

Are you prepared for the unexpected costs that can arise during retirement? Many retirees find themselves blindsided by expenses they never planned for, which can significantly derail their financial plans. This episode dives into nine surprising retirement expenses that often catch people off guard, such as supporting adult children, unexpected dental work, and home modifications. Ralph shares real-life stories from clients who faced these challenges and offers practical tips to help listeners better prepare for their own financial futures. Join Ralph as he combines insightful financial advice with a Christian perspective, ensuring you are equipped to navigate the complexities of retirement planning with confidence and peace of mind while addressing the 9 retirement expenses which you may not have considered. [https://www.askralphpodcast.com/9-retirement-expenses/] (https://www.askralphpodcast.com/9-retirement-expenses/) Podcast Timestamps: 00:00 Episode Overview 01:01 Listener’s Question: What Costs Should I Plan for in Retirement? 03:44 Bible Verse: Isaiah 41:10 – The Value of Wise Preparation 05:07 Nine Surprising Retirement Expenses 05:21 #Adult Children Support 07:23 #2 Dental Work 09:23 #3 Home Modifications 11:48 #4 Technology Updates 13:59 #5 Pet Care 15:33 #6 Family Celebrations 17:18 #7 Long-term Care Insurance 18:38 #8 Property Taxes 21:04 #9 Inflation Impact 23:36 Call to Action 26:05 Comprehensive Planning Strategies 29:40 Closing Takeaways: --- Unexpected retirement expenses can derail your plans, so prepare for the unknown. --- Consider setting aside a dedicated emergency fund for family-related financial support needs. --- Dental work isn't covered by Medicare, so plan for dental expenses in retirement. --- Home modifications may be necessary as you age, so plan for those costs now. --- Budget for technology updates every few years to stay connected with loved ones. --- Inflation can significantly impact your retirement budget, so account for yearly increases. Links referenced in this episode: --- [askralphpodcast.com/survey] (https://askralphpodcast.com/survey) --- [askralphpodcast.com/christmas] (https://askralphpodcast.com/christmas) ---Ask Ralph Insiders Community [https://mailchi.mp/askralph.com/group] (https://mailchi.mp/askralph.com/group) ---Ask Ralph Show Live [https://] (https://justaskralph.com/) [askralphpodcast.com/live] (http://askralphpodcast.com/live) ---What is your question that you would like to ask Ralph? Send Your Question here: [https://justaskralph.com/] (https://justaskralph.com/) ---Join our email list and get a free copy of “Mastering Your Finances” at [https://askralph.com/] (https://askralph.com/) [LISTEN NOW] (https://www.askralphpodcast.com/) [WATCH NOW ON YOUTUBE] (https://www.youtube.com/channel/UC1ZyJLydWUPqYaF2mS1l1Yg) (OUR VIDEO VERSION) [WATCH NOW ON RUMBLE] (https://rumble.com/c/ASKRALPHPODCAST) (OUR VIDEO VERSION) [VISIT OUR ASK RALPH SHOW GEAR STORE] (https://askralph-shop.fourthwall.com/?source=dashboard) FOR ALL KINDS OF COOL MERCHANDISE - ENTER THE CODE "FREEBOOK" FOR A FREE DOWNLOADABLE COPY OF MY BOOK "MASTERING YOUR FINANCES" [JOIN OUR FACEBOOK INSIDERS GROUP] (https://www.facebook.com/share/W39nbmnKqtgqr9om/?mibextid=K35XfP) Please share our Podcast with all your friends and family! Submit your questions or ideas for future shows - email us at [ralph@askralph.com] (mailto:ralph@askralph.com) or leave a voicemail message on our podcast page [Leave A Voicemail Message] (https://www.askralphpodcast.com/) Like us on Facebook and follow us on Facebook at [https://www.facebook.com/askralphmedia] (https://www.facebook.com/askralphmedia) Twitter (@askralphmedia) or visit [www.askralphpodcast.com] (https://www.askralphpodcast.com/) for more information. To schedule a consultation with Ralph's team, contact him at 302-659-6560 or go to [www.askralph.com] (https://www.askralph.com/) for more information! Buy Ralph's Book - Mastering Your Finances! on [Amazon] (https://www.amazon.com/MASTERING-YOUR-FINANCES-Comprehensive-Financial/dp/B0CN5Q9PSJ/ref=sr_1_1?crid=3T7LBW5MT5G0L&keywords=ralph+estep&qid=1702750208&sprefix=ralph+estep%2Caps%2C90&sr=8-1) Buy Ralph's Book - Gospel of Entrepreneurship: Following Jesus in Your Business Journeyon [Amazon] (https://a.co/d/1AUENOB) ... Read more

05 Dec 2024