How to Not Be a Broke Pastor: The definitive guide for understanding AND maximizing the benefits from your pastoral compensation - Paperback

by S. L. Potts (Author)

How to Not Be a Broke Pastor by S.L. Potts is a practical guide designed to help pastors and church leaders navigate the complexities of clergy compensation. This book simplifies the intricacies of pastoral pay, providing clear explanations on topics such as salary structures, housing allowances, tax implications, and benefits planning. Potts offers actionable insights to help pastors maximize their compensation packages, ensuring financial stability while focusing on their ministry.

Written by a pastor who has experienced the challenges firsthand, this guide addresses common issues like understanding the differences between salary and housing allowance, navigating FICA vs. SECA taxes, and making informed decisions about Social Security. Potts also discusses the pros and cons of parsonages and provides strategies for balancing benefits such as health insurance, paid time off, and retirement planning.

Ideal for pastors at any stage of their ministry, seminary graduates entering the field, and church boards aiming to offer fair and beneficial compensation packages, this book empowers readers to steward their compensation wisely, reducing financial stress and allowing them to focus on their calling.

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"This practical and easy-to-understand guide is an essential resource for pastors, ministers, and church leaders who want clarity on clergy taxes, housing allowance, compensation packages, retirement planning, and financial stewardship. Packed with valuable information about IRS rules for ministers, church payroll guidelines, self-employment tax, Social Security, health benefits, and tax deductions, this book provides pastors with the knowledge they need to manage their income wisely, maximize tax savings, and avoid costly mistakes. Perfect for new pastors, seasoned ministers, church treasurers, seminary students, and anyone handling clergy finances, this best-selling resource helps simplify complex tax laws, strengthen financial confidence, and ensure faithful stewardship of church resources."

Author Biography

Stacy Potts is a pastor, author, and consultant specializing in pastoral compensation and church finance issues.