Once your income passes your financial finish line, it’s important to have an account structure to keep things straight. This structure helps keep straight what money is for personal use and what money is set aside to use on others.
In this episode, Kealan shares his story through medical school and residency searching for an answer to the question, “How much money do I really need?” Listen as he shares his process for answering that question, and how that process evolved into the Aspiring to the Median movement.
Cohost Cody Hobelmann shares the story about how God dramatically changed his goals from making as much money as possible to giving as much as possible. As a financial planner, he has a strong understanding of the traditional wisdom behind personal finance. His faith, however, has introduced a whole new perspective to how we should think about the money that God brings through our hands.
Join Kealan and Cody as they unpack the foundation of the Aspiring to the Median movement and the idea that everything we own belongs to God. If God is the true owner of all money and wealth, then that makes us each managers of a small portion, and we’re responsible for what we do with it. Listen as the guys share stories about what that realization has meant for their own lives and finances.
For some people, while the idea of percentile living may sound attractive, there is one looming barrier to getting started. Debt. For those of us with significant personal debt, how are we supposed to commit to living at a percentile?
Kealan shares his story of how he and his wife Alison got started with a financial finish line. From living on little, to living with surplus, God used many experiences to lead them to where they are today.
We tackled managing debt within a percentile lifestyle, but what about a mortgage? How do my home and mortgage payment play into the percentile system?
Through Christ, God gives us a deep and powerful sense of purpose. So why doesn’t it feel like that much of the time? Percentile living offers us a way back to the depth of purpose God calls us into.
Almost by definition, our concept of personal spending was changed when we committed to a percentile. The factors that played into each purchase decision quickly shifted as our incentives were realigned.