1) How is Compass Catholic different from Dave Ramsey / Financial Peace?
Overall the biggest difference is that Compass Catholic is targeted to Catholics as it provides an authentically Catholic approach to finances. The Bible study, Navigating Your Finances God’s Way, has an imprimatur from The Most Reverend John Noonan, Bishop of Orlando. In addition to over 350 Bible verses that show the Scriptural basis for good money management. The study includes references to the Sacraments; the Catechism; the Bishop’s Pastoral Letter on Stewardship, Stewardship a Disciple’s Response; and quotes from saints and popes.
Compass Catholic is a ministry focused on helping people deepen their Catholic faith and apply it in everyday situations. Our vision is to see people become financially free so they can fulfill the unique purpose God has for them. All too often, answering God’s call is restricted by financial constraints.
Compass Catholic is an IRS approved 501(c)3 non-profit ministry and is funded by book sales and donations. Compass Catholic focuses on the spiritual transformation which leads to a financial transformation.
The Compass Catholic Navigating Your Finances God’s Way study focuses on God’s ownership and our role as stewards. We encourage participants to begin giving as their #1 priority as a way to honor God and acknowledge him as the owner and provider of everything we have.
Compass Catholic Ministries and Dave Ramsey/FPU have similar goals—to make people smart consumers and wise spenders. There are only so many ways to do this: track your spending; spend less than you make; develop a debt payment plan; have an emergency fund and it’s pretty much the same on all fronts. The difference is that Compass Catholic Ministries takes a totally Catholic approach to this goal by integrating our faith into the financial principles. Our experience has been that when people learn the financial principles from a faith perspective it changes everything.
2) Are you associated with Howard Dayton?
Yes, we are associated with Howard Dayton and we are very grateful to Howard as the original Crown Ministries class we took many years ago changed our lives.
When Howard left Crown Ministries and started Compass-finances God’s way he graciously allowed and encouraged us to revise his material to speak to the Catholic heart. We did that by using verses from a Catholic Bible, integrating the sacraments and the Catechism of the Catholic Church and using references from Stewardship – A Disciple’s Response (A Pastoral letter from the United States Conference of Catholic Bishops)
3) Are you currently associated with Crown Ministries?
4) How can I listen to you on the radio?
Compass Catholic is on Radio Maria on Mondays at noon. You can also listen to our podcast on Podbean. Links to both are on the Compass Catholic home page.
5) What new materials are you working on for the future?
We have a family study in works along with a study for teens and college students. We hope to have these completed and available in 2018. Announcements will be made in our newsletter so be sure to sign up for it.
6) What is the difference between an “Individual” and a “Couple” set of Bible study books?
An “Individual” set of books contains ONE workbook (Navigating Your Finances God’s Way, or Set Your House in Order) plus one copy of Your Money Counts. A “Couple” set of books contains TWO workbooks (Navigating Your Finances God’s Way, or Set Your House in Order) plus one copy of Your Money Counts. The husband and wife should each have their own workbook so they can complete the Bible study individually.
The same applies to the Spanish Bible study Maneje su dinero desde la perspective de Dios
7) Has your material been translated into other languages?
Navigating Your Finances God’s Way is available in Spanish. A Polish translation is in progress; a draft in French has been completed and an English version is being contextualized for Canada.
Your Money Counts is available in both English and Spanish. In German only in an eBook format is available. Translation to Brazilian Portuguese is underway; and an English version is being contextualized for Canada.
8) What are the advantages of using a Compass eBook?
The eBook version lives in the cloud and can be used from any of your devices (tablet, smart phone or computer). Mousing over the Bible verse (Luke 16:11) displays that verse. From that verse, you can click to open the Bible. Other electronic files are embedded in the eBook, such as links to the worksheets in the studies; videos and the audio notes for each week.
9) How can I start a Compass Bible study?
Information about how to start a Compass Bible Study at your parish is available from the “Get Involved” link on the Compass Catholic website. You can also gather together a group of friends and start a study in your home.
10) How can find a Compass Class near me?
Parishes may run Compass Bible studies several times a year or just once a year. To get the latest info on where classes are being held, please contact us via email at Info@CompassCatholic.org. Also, please sign up for our newsletter so you know when we are offering on line classes.
11) How do I become a facilitator?
If there are only one or two people who will be facilitating, training is available from the Compass Catholic website via a workbook and associated videos when you register as a facilitator. If there are many people in a parish or diocese who want to be facilitators, we can do on site training. Please contact us at info@CompassCatholic.org for more info.
12) How is Compass Catholic funded?
Compass Catholic is totally funded from book sales and donations.
13) What are the donations to Compass Catholic used for?
Running a ministry is similar to running a small business, as there are lots of infrastructure costs to pay, such as the office/storehouse, telephone, internet, computer programs, website, book printing, travel, conference fees, etc. The donations help to cover many of these costs. The founders of the ministry work as full time volunteers and do not take a salary from ministry funds.
14) Are you an official ministry of your Diocese (Orlando)?
We are a separate 501(c)3 and do not fall under the diocesan organization. However, our bishop knows us well and supports what we are doing. He has asked us to address the Priests Convocation and also newly ordained priests to help spread the word on managing money in a way that honors our call to be disciples of Christ.
15) Is Compass Catholic in any countries outside the US?
We have held workshops or Bible studies in Poland, Croatia, Singapore, Mexico, Columbia and the Dominican Republic.
16) Does Compass Catholic recommend financial professionals or investments?
To avoid a conflict of interest, Compass Catholic does not recommend any specific investments or financial professionals. No one is authorized to use their affiliation with Compass to promote the sale of any investments or financial services.