Videos

ETFs offer liquidity, allowing investors to buy and sell throughout the trading day, providing greater flexibility and control over portfolios. Purchasing ETFs is straightforward: they can be bought through brokerage accounts, similar to individual stocks. Many online brokers offer a wide selection of ETFs, with some even providing commission-free trading…

Credit counseling services offer guidance and support to individuals struggling with debt, helping create budgets, negotiate with creditors, and develop debt repayment plans. While many reputable organizations exist, there are also scams posing as legitimate services. It's crucial to choose wisely. #CreditCounseling #DebtManagement #FinancialWisdom

Credit counseling services can be invaluable for managing debt, but it's crucial to choose a reputable organization and avoid common scams. By researching and being cautious, you can find the support needed to take control of your finances and achieve your goals. #DebtManagement #SmartChoices #FinancialGoals

Nonprofit credit counseling services are generally more trustworthy, aiming to help people rather than make money. They often provide free or low-cost services and must be transparent about their fees and practices. In contrast, for-profit services may prioritize their bottom line over your financial well-being. #NonprofitCounseling #FinancialHelp #TrustworthyServices

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. dives deep into the world of credit counseling services. Are they a legitimate way to get out of debt, or are they just another scam preying on vulnerable people? Ralph separates fact from fiction, explains how to identify…

True contentment lies not in our possessions but in our relationship with Christ. Striving and dreaming big are important, but our satisfaction and security should be grounded in God, not material wealth. True joy and fulfillment come from living in alignment with God's will. #FaithOverFear #TrueContentment #SpiritualWealth

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. dives into a crucial topic for Christians: balancing financial success with biblical generosity. Ralph explores whether it’s possible to enjoy the nicer things in life while maintaining a strong Christian walk and offers practical advice on how to…

Ignoring finances won't make them go away. True success comes from addressing financial challenges head-on, seeking God's wisdom, and applying biblical principles. This approach leads to financial freedom and abundant material and spiritual living. #FinancialFreedom #BiblicalWisdom #AbundantLiving

Balancing money, possessions, and generosity from a biblical perspective is a journey of aligning our hearts with God's. Seeking His wisdom and trusting Him to provide for our needs is key. True wealth is not about the size of our bank accounts but the richness of our relationship with Christ…

Relying on a single platform, like Amazon, can be risky for online sellers. Market dynamics and platform policies can change, impacting your business. To maximize growth potential and maintain a high valuation, diversify your sales channels. Additionally, ensures genuine customer satisfaction, significantly influencing your business's value. #Diversification #Ecommerce #BusinessGrowth #CustomerSatisfaction…

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. and guest David Chudyk, discuss the challenges many entrepreneurs face when it comes to growing their business value. They dive into the difficulties of evaluating a business's true worth, delegating tasks to free up time, and managing client…

Struggling to delegate effectively might not be due to your skills but the quality of your team. If you lack great people, you're forced to handle everything yourself. The key is to improve your ability to find and hire top talent, even if it means paying more. By surrounding yourself…

Results are paramount. Trust and empowerment become crucial if you've hired the right person, like Ralph, and clearly communicated the desired outcomes. Giving Ralph the freedom to achieve goals on his terms fosters a high level of autonomy. This, combined with proper training, ensures that the objectives are met with…

Choosing the right down payment for a car purchase is crucial. Carefully evaluate your budget, avoid overextending yourself, and select a down payment amount and loan terms you can realistically manage throughout the loan duration. Wise planning helps you make sound financial decisions, honoring God with your finances. #CarBuying #FinancialPlanning…

A larger down payment often leads to lower interest rates and better loan terms. Lenders see you as less risky when you invest more upfront, making you more likely to repay the loan. Before visiting a dealership, shop around for the best interest rates and loan terms from various lenders.…

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. discusses the dilemmas of car buying, specifically whether to make a down payment on a new vehicle. He explains the financial and emotional challenges buyers face, such as deciding how much to put down or whether to make…

Lenders love to see a solid down payment. It shows your commitment to the purchase and repayment, serving as a powerful negotiating tool for lower interest rates or shorter loan terms, ultimately saving you money. As Christians, being good stewards of our finances is crucial. Making wise decisions about car…

Many unknowingly or deliberately fail to report cash income from side jobs, tips, small business sales, and gig economy work. The IRS estimates that over $500 billion in tax revenue is lost annually due to unreported income. Since cash transactions often lack a paper trail, it's crucial to report all…

Even without money exchanging hands, the value of traded services or goods is taxable. The IRS sees failing to report barter transactions as unreported regular income. Track and document the fair market value of any exchanges carefully. Pro tip: avoid bartering and charge for your services, expecting others to do…

Claiming deductions you're not eligible for, such as overestimating business mileage, is a common way people cheat on taxes, sometimes unknowingly. The law allows mileage deductions only for business-related travel. To avoid mistakes, use a mileage tracker to keep accurate records, which are essential if you're audited. Numerous tracking tools…

In this episode of the Ask Ralph Podcast, host Ralph Estep Jr. talks about the temptation to cut corners on taxes. He explains how easy it is to rationalize hiding cash income or overestimating deductions, but warns that even minor tax evasion can have major consequences if the IRS catches…

Before buying a home, it's crucial to research and include all potential costs in your budget. Use online calculators to estimate property taxes, utilities, and maintenance expenses. A smart tip is to ask your realtor to discuss typical utility costs with the current homeowners. County websites can also provide property…

Maintenance, repairs, taxes, and insurance are just some of the hidden costs beyond your mortgage payment. Research and budget for utilities, closing costs, renovations, and miscellaneous expenses. These ongoing costs can add up, so shop for the best rates. Building an emergency fund for surprise repairs is crucial—save even $25…

When you buy a house, there are a lot of costs that you might not think about. You might have to fix things that break, or your bills might go up and down. In this podcast episode, Ralph Estep Jr. talks about all the money stuff that comes with owning…