Will Ben be convinced by the building metaphor that Pete is workshopping? See what you make of constructing your finances one block at a time. Consider the consequences for greed and legacy when you stack up "savings bricks".

Key Takeaways:

• Savings Bricks Concept: Visualising savings goals as "bricks" to build a wealth wall can help break down daunting financial objectives into smaller, more manageable pieces.
• Building Habits: Establishing regular savings habits is essential, even if contributions are small. Consistency over time can lead to significant financial achievements.
• Diverse Strategies: Savings can include various approaches – from reducing debt, to investing in shares – to support overall financial health.
• Avoiding Greed: Maintaining a balanced view of finances ensures that the goal of wealth-building doesn't overshadow other life priorities and values.
• Financial Legacy: A legacy isn't built overnight but through the accumulation of strategic financial decisions and savings over a lifetime.

Notable Quotes:

1. "Think of your wealth as a wall that's built with bricks, with each brick contributing to your financial goal."
2. "Smaller targets are more motivating and more realistic sometimes, building momentum towards larger goals."
3. "The danger is if it's too much of your focus, it starts overshadowing other important aspects of your life."
4. "A legacy doesn't start the day you leave it. It's built over a longer period of time with habits and discipline."
5. "It's better to give to your kids with a warm hand than a cold hand."

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Joni asked Pete and Ben to get stuck into the family affair of working out if your kids with jobs need to stump up. So they did, diving deeper than their kneejerk response of "YES". Growing up with the expectation of paying board, Pete and Ben acknowledge the changed landscape of home ownership and accessibility. But the life lesson of paying board remains, as well as the opportunity to live out biblical principles of respect.

Key Takeaways:

• Financial Responsibility: Charging board teaches young adults to manage finances and prepares them for independent living.
• Family Dynamics: Open communication about finances and responsibilities can reduce tension and foster understanding among family members.
• Economic Landscape: Rising costs of living and rental rates contribute to adult children staying home longer.
• Adapting Traditions: Modern families may need to adjust traditional approaches to rent and board, weighing financial necessity against educational opportunity.
• Value-Based Discussions: Families can leverage biblical principles, such as honouring parents, to guide discussions about board.

Notable Quotes:

• "Shouldn't they, in a sense, contribute to the cost of the house? And I think the answer is yes." – Pete Burrows
• "In adulthood, spoiler alert, you're going to cop 100% of the cost of living." – Pete Burrows
• "We're trying to prepare you for adulthood. And in adulthood…you need to pay a percentage of those costs." – Pete Burrows
• "Is it more about while you're here, we're trying to teach you a lesson?" – Ben McEachen

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.

Key Takeaways:

• Micro-giving Explained: The concept involves making small, yet frequent, charitable donations that collectively make a significant impact.
• Balance Giving Priorities: We are encouraged to assess whether to direct funds to our churches or to immediate relief efforts, reflecting broader spiritual and community priorities.
• Create a Giving Portfolio: Similar to investment diversification, this strategy helps allocate donations across numerous causes to maximize impact.
• Practicality Over Size: Intention behind any contribution is more important than the donation amount, as small, consistent gifts can culminate in substantial aid.
• Spiritual and Social Impact: Micro-giving is a method to engage more deeply with faith-driven generosity while addressing pressing societal challenges.

Notable Quotes:

• "You know, we allocate costs for our living. Why can't we allocate costs for our giving?" – Pete Burrows.
• "Micro-giving could be a way of thinking; if a lot of people gave a little bit, that's better than less people giving a lot." – Pete Burrows.
• "There are charities, people less fortunate than us, that need our help and they need our money." – Pete Burrows.

Got a question, comment or personal story to share? Send it through at hopepodcasts.com.au. Ben and Pete will get stuck into it on a future episode.

Pete Burrows is an accountant for small business and individuals with Lower Russell and Farr in Penrith, Western Sydney, Australia.

Ben McEachen hosts Hope Mornings on Hope 103.2FM in Sydney, Australia.

Support the show, a product of Hope Media: https://hope1032.com.au/donate/2211A-pod/

See omnystudio.com/listener for privacy information.