"Life is precarious, and life is precious. Don't presume you will have it tomorrow, and don't waste it today." - John Piper
The Bible says in the book of Proverbs that a fool and his money are soon parted. When it comes to money and ministry, we can sometimes become uncomfortable discussing these topics together. You cannot run a ministry without money, but most church aren't known for their stellar financial management. It is important to realize that there is a huge misunderstanding about how money and ministry go together. The Bible is very clear that they do.
My guest today is Nate Skelly. He has lent his experience and knowledge, as a financial planner, to churches with great success. In this episode, we discuss how finances should be handled in ministry and how you can prepare for the future by being in full time christian service. Here are four important topics I ask Nate about during our interview:
Healthcare –This is priority, and you need to have health coverage of some kind!
Have you have any push back on this from ministry leaders on government assistance? If so, what is your response?
Retirement – What are the basic principles for retirement? The worst advice – just trust God; this is half true because it is evident that the Bible speaks to the wisdom of saving and preparing for the future.
Social security – If you decide to opt out, you should have a valid biblical reason to submit for this exclusion (you have 2 years to opt out only). When you opt out of Social Security, you’re not just opting out of a check in retirement, you’re opting out of death benefits, disability, spousal benefits, and medicare coverage.
Savings – Most people are living paycheck to paycheck, most cannot afford emergency costs of $1000. As a pastor you need to be an example, budget accordingly, learn to spend modestly, pay off your personal debt, have at least six months living expenses put away for emergencies.
Contact Nate Skelly:
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