
The Best Investment I’ve Ever Made With Rachel McDonough
02/12/24 • 24 min
“I tell you, use worldly wealth to make friends for yourselves, so that when it is gone, they will welcome you into eternal dwellings.” Luke 16:9
Rachel McDonough is a Certified Financial Planner, a CertifiedKingdom Advisor and a regular FaithFi contributor.
WHAT IS THE BEST INVESTMENT YOU EVER MADE, ACCORDING TO RACHEL MCDONOUGH?
Rachel recounts a story of investing not in stocks or bonds but in a person's life with a simple act of kindness. She met a woman who identified herself as a witch and was initially very hostile. With just $35, Rachel and her friends paid for the woman's phone bill, leading to a surprising transformation. The woman opened up about her painful past and received the message of God's love through this act of generosity.
- Investing in kindness can lead to spiritual breakthroughs, even with a small amount like $35.
- A simple act of generosity can soften a hardened heart, demonstrating God's love in a tangible way.
- Rachel's story emphasizes the power of meeting physical needs as an entry point to share the gospel.
HOW CAN PLANNED SPONTANEITY PLAY A ROLE IN GENEROSITY ACCORDING TO RACHEL?
Rachel advocates for planned spontaneity in generosity, suggesting that people include a budget line item for spontaneous acts of kindness. This approach combines the intentionality of budgeting with the flexibility to respond to the Holy Spirit's leading. Rachel shares examples of how this concept has been put into practice, including a client who felt nudged to give $500 to a foster family and another couple who invested in their backyard as a ministry tool to reach out to the next generation.
- Setting aside money for spontaneous generosity removes hesitation and promotes readiness to act on God's prompting.
- Generosity planned in this way can lead to meaningful encounters and support for those in need, reflecting God's love through our actions.
- Such acts of kindness not only meet immediate needs but also open doors for sharing the gospel and building relationships based on faith.
WHAT ARE SOME EXAMPLES OF INVESTING IN EVANGELISM THROUGH GENEROSITY?
Rachel provides several inspiring examples of how generosity can facilitate evangelism. One story involves a client who noticed a foster family in need and responded to the Holy Spirit's nudge by giving them $500, which was a significant help during a financial crisis. Another example is a couple who plans to invest in a welcoming space for their children's friends, aiming to share the love of God with the next generation.
- Generosity can be a direct response to God's nudge, leading to impactful support for families and people in challenging circumstances.
- Large investments, like updating a backyard for ministry purposes, showcase a commitment to using personal resources for kingdom impact.
- Each act of kindness, whether spontaneous or planned, serves as a testimony of God's love and opens opportunities for gospel conversations.
FINAL THOUGHTS IN MAKING ETERNAL INVESTMENTS THROUGH GENEROSITY:
“Worldly wealth” can be invested to win souls, which are the “true riches” referred to in Luke 16:11. Prayerfully consider adding a line item to their budget — to be used for investing in the expansion of God’s family. The Great Commission is the one calling we have all received from God.
Rachel says, while it doesn’t have to be spontaneous, she encourages some semi-planned spontaneity. This does three things.
1. It will remove the hesitation you may feel as you consider what you can afford to give. That way, when a spontaneous opportunity is spotted, you’re ready.
2. It will prevent miscommunication with your spouse if you agree beforehand that this is a priority for your family and you agree on an amount.
3. It will make investing in souls an intentional and ongoing part of your lifestyle. Friends, I know of no better way to stay in close life-union with God than to take steps to grow his family. God cares about people and he shows up when we step out in faith to fulfill the Great Commission.
His definition of “true riches” is souls! Jesus paid with his life for this treasure. As his stewards, managing his resources on his behalf, when we use money to pursue souls we find ourselves perfectly positioned for an adventure with God that can fulfill our deepest longings and fill up our neighborhood in heaven with friends for eternity.
ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:
- I have a family member who didn't file taxes in 2017 and recently received a letter from the IRS. They're willing to pay but want to ensure it's done correctly and verify payment.
- After losing my job of 21 years and now livi...
“I tell you, use worldly wealth to make friends for yourselves, so that when it is gone, they will welcome you into eternal dwellings.” Luke 16:9
Rachel McDonough is a Certified Financial Planner, a CertifiedKingdom Advisor and a regular FaithFi contributor.
WHAT IS THE BEST INVESTMENT YOU EVER MADE, ACCORDING TO RACHEL MCDONOUGH?
Rachel recounts a story of investing not in stocks or bonds but in a person's life with a simple act of kindness. She met a woman who identified herself as a witch and was initially very hostile. With just $35, Rachel and her friends paid for the woman's phone bill, leading to a surprising transformation. The woman opened up about her painful past and received the message of God's love through this act of generosity.
- Investing in kindness can lead to spiritual breakthroughs, even with a small amount like $35.
- A simple act of generosity can soften a hardened heart, demonstrating God's love in a tangible way.
- Rachel's story emphasizes the power of meeting physical needs as an entry point to share the gospel.
HOW CAN PLANNED SPONTANEITY PLAY A ROLE IN GENEROSITY ACCORDING TO RACHEL?
Rachel advocates for planned spontaneity in generosity, suggesting that people include a budget line item for spontaneous acts of kindness. This approach combines the intentionality of budgeting with the flexibility to respond to the Holy Spirit's leading. Rachel shares examples of how this concept has been put into practice, including a client who felt nudged to give $500 to a foster family and another couple who invested in their backyard as a ministry tool to reach out to the next generation.
- Setting aside money for spontaneous generosity removes hesitation and promotes readiness to act on God's prompting.
- Generosity planned in this way can lead to meaningful encounters and support for those in need, reflecting God's love through our actions.
- Such acts of kindness not only meet immediate needs but also open doors for sharing the gospel and building relationships based on faith.
WHAT ARE SOME EXAMPLES OF INVESTING IN EVANGELISM THROUGH GENEROSITY?
Rachel provides several inspiring examples of how generosity can facilitate evangelism. One story involves a client who noticed a foster family in need and responded to the Holy Spirit's nudge by giving them $500, which was a significant help during a financial crisis. Another example is a couple who plans to invest in a welcoming space for their children's friends, aiming to share the love of God with the next generation.
- Generosity can be a direct response to God's nudge, leading to impactful support for families and people in challenging circumstances.
- Large investments, like updating a backyard for ministry purposes, showcase a commitment to using personal resources for kingdom impact.
- Each act of kindness, whether spontaneous or planned, serves as a testimony of God's love and opens opportunities for gospel conversations.
FINAL THOUGHTS IN MAKING ETERNAL INVESTMENTS THROUGH GENEROSITY:
“Worldly wealth” can be invested to win souls, which are the “true riches” referred to in Luke 16:11. Prayerfully consider adding a line item to their budget — to be used for investing in the expansion of God’s family. The Great Commission is the one calling we have all received from God.
Rachel says, while it doesn’t have to be spontaneous, she encourages some semi-planned spontaneity. This does three things.
1. It will remove the hesitation you may feel as you consider what you can afford to give. That way, when a spontaneous opportunity is spotted, you’re ready.
2. It will prevent miscommunication with your spouse if you agree beforehand that this is a priority for your family and you agree on an amount.
3. It will make investing in souls an intentional and ongoing part of your lifestyle. Friends, I know of no better way to stay in close life-union with God than to take steps to grow his family. God cares about people and he shows up when we step out in faith to fulfill the Great Commission.
His definition of “true riches” is souls! Jesus paid with his life for this treasure. As his stewards, managing his resources on his behalf, when we use money to pursue souls we find ourselves perfectly positioned for an adventure with God that can fulfill our deepest longings and fill up our neighborhood in heaven with friends for eternity.
ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:
- I have a family member who didn't file taxes in 2017 and recently received a letter from the IRS. They're willing to pay but want to ensure it's done correctly and verify payment.
- After losing my job of 21 years and now livi...
Previous Episode

The Love of Money
THE DANGERS OF LOVING MONEY AND THE CHRISTIAN RESPONSE
Some people view money as the source of life's greatest pleasures, equating it with security, success, freedom, and power. However, the Biblical perspective emphasizes trust in Jesus rather than in fleeting worldly possessions.
THE PROBLEMS WITH LOVING MONEY:
1 Timothy 6:10 warns about the love of money being the root of all kinds of evils, emphasizing the destruction and ruin it can bring.
- Loving money leads to a life-destroying path marked by temptation and harmful desires.
- It can cause us to stray from our faith, experiencing deep sorrow as a result.
- Money can become an idol, taking God's place as the highest priority in our lives.
BIBLICAL WARNINGS AGAINST SERVING MONEY:
Jesus taught in Matthew 6:24 that it's impossible to serve both God and money, highlighting the conflict between material wealth and spiritual devotion.
- Loving money is incompatible with serving God fully.
- Money, while neutral itself, can lead to sins like greed, fear, envy, and dishonesty when idolized.
THE INSUFFICIENCY OF MONEY:
Ecclesiastes 5:10 illustrates that money can never truly satisfy the human heart's desires, a void that only Jesus can fill. The pursuit of wealth for its own sake is ultimately unfulfilling.
CHRISTIAN STRATEGY AGAINST THE TEMPTATION OF MONEY:
1 Timothy 6:11-12 offers a way out for believers, urging them to flee from the love of money and pursue virtues like righteousness, godliness, faith, love, endurance, and gentleness.
Followers of Christ are encouraged to fight the good fight of faith and cling to the hope of eternal life.
CONCLUSION:
While the world offers many temptations, including the allure of wealth, believers are called to prioritize their spiritual well-being over material gains, staying true to their commitment to God and the eternal life promised through faith in Jesus Christ.
If we can help you restore your focus on Jesus in your finances, I hope you’ll contact us at faithfi.com.
ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:
- I'm interested in donor-advised funds for tax planning but concerned about supporting entities that don't align with my values. Can you provide guidance on choosing one, particularly your thoughts on the National Christian Foundation (NCF)?
- As I approach retirement, when is my Required Minimum Distribution (RMD) due and how do I find out the amount? Also, can I direct my RMD to charitable giving without facing taxes or penalties?
- We're considering moving into a retirement community in a few years. How should we manage our assets, including our home equity and IRA, to cover the entrance fee and monthly rent without incurring unnecessary taxes or penalties?
- A member of my church needs a car for transportation. I've saved $1,000 to help purchase one for her. Do you know any organizations where I can find a reliable car at a low price?
RESOURCES MENTIONED:
- National Christian Foundation (NCF): For setting up a donor-advised fund aligned with Christian values.
- Find a Certified Kingdom Advisor
Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.
Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.
Next Episode

Helping the Kids Buy a House
LENDING MONEY TO CHILDREN FOR A HOUSE PURCHASE:
Rob discusses the reasons parents might consider lending money to their children for a house purchase, such as reducing the interest the child must pay and helping if the child does not qualify for a mortgage due to debt-to-income ratio issues or insufficient credit history. He emphasizes the importance of understanding the implications of lending versus gifting money, the potential risks involved, and ensuring any loan is legally documented.
- Parents may lend to their children to save them from high interest rates or if they're unable to secure a loan due to financial reasons.
- Lending money can potentially harm the recipient by discouraging their efforts to earn money and achieve financial independence, and it can risk the lender's financial security and relationship with the child if the loan is not repaid.
- The Bible encourages providing for relatives, as seen in 1 Timothy 5:8, which states, "If anyone does not provide for his relatives, and especially for members of his household, he has denied the faith and is worse than an unbeliever," but this provision must be balanced with wisdom to ensure it does not encourage dependency.
- Gifting rather than lending may avoid relationship strain, but it comes with IRS implications if the gifted amount exceeds annual exclusions, impacting the lifetime gift tax exclusion.
- Private loans to children for home purchases won't help build their credit history, potentially affecting future borrowing capabilities, but can save significant amounts in mortgage interest.
- If parents decide to lend, the loan should be formalized with a legally binding contract detailing the loan's terms, ensuring compliance with IRS requirements and protecting both parties' interests.
Rob underscores that while personal loans for home purchases can offer significant benefits, especially in saving on interest payments, they also carry risks that must be carefully weighed. Thorough preparation and legal documentation can help head off or mitigate potential issues.
ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:
- At 63 and my husband nearly 80, we're considering buying another rental property in these uncertain times; is this a wise decision?
- Having sold a property two years ago, we paid capital gains tax on it; was that necessary for everyone across the board?
- I've never been good with money, but God has changed my life in recent years. At 65, I've saved in my 401(k) but have debts and am seeking advice on financial planning for the future.
- Is it advisable to reduce my 401(k) contribution to the company match level and use the extra income to pay off my car loan faster?
RESOURCES MENTIONED:
Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network as well as American Family Radio. Visit our website at FaithFi.comwhere you can join the FaithFi Community, and give as we expand our outreach.
Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the Moody Radio Network and American Family Radio. Visit our website at FaithFi.com where you can join the FaithFi Community and give as we expand our outreach.
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