Nicole Lappin

In other words, a very conservative portfolio. But it's not all good upward progress. In fact, the financial situation is still really bad. The Secretariat for the Economy reported a $75 million deficit in 2023. its net assets dropped 6% to $4.6 billion.

And even with the APSA's vast property empire, the Vatican still relied on donations for 45% of its revenue, which isn't exactly a sustainable strategy for a global institution. And then there's the Vatican Pension Fund. The pension fund is for employees of the Vatican City-State and now the Holy See, which is the governing body of the Roman Catholic Church.

And even with the APSA's vast property empire, the Vatican still relied on donations for 45% of its revenue, which isn't exactly a sustainable strategy for a global institution. And then there's the Vatican Pension Fund. The pension fund is for employees of the Vatican City-State and now the Holy See, which is the governing body of the Roman Catholic Church.

And even with the APSA's vast property empire, the Vatican still relied on donations for 45% of its revenue, which isn't exactly a sustainable strategy for a global institution. And then there's the Vatican Pension Fund. The pension fund is for employees of the Vatican City-State and now the Holy See, which is the governing body of the Roman Catholic Church.

Despite early audits showing a $2 billion shortfall, little has been done. As of 2022, the fund still faced a $700 million deficit. The story of the Vatican's finances under Pope Francis is, at its heart, the story of a man trying to impose order on chaos. He succeeded in making the Vatican Bank more transparent and less scandal prone. So will Pope Leo be able to finish what Pope Francis started?

Despite early audits showing a $2 billion shortfall, little has been done. As of 2022, the fund still faced a $700 million deficit. The story of the Vatican's finances under Pope Francis is, at its heart, the story of a man trying to impose order on chaos. He succeeded in making the Vatican Bank more transparent and less scandal prone. So will Pope Leo be able to finish what Pope Francis started?

Despite early audits showing a $2 billion shortfall, little has been done. As of 2022, the fund still faced a $700 million deficit. The story of the Vatican's finances under Pope Francis is, at its heart, the story of a man trying to impose order on chaos. He succeeded in making the Vatican Bank more transparent and less scandal prone. So will Pope Leo be able to finish what Pope Francis started?

Well, as the first American pope, I sure hope he does us proud. You don't need to be a sovereign city state to have financial oversight. One of the most effective tools you can use is something way simpler, a financial accountability buddy. This is someone you trust, maybe a friend, a partner, a mentor who helps keep you honest and on track with your financial goals.

Well, as the first American pope, I sure hope he does us proud. You don't need to be a sovereign city state to have financial oversight. One of the most effective tools you can use is something way simpler, a financial accountability buddy. This is someone you trust, maybe a friend, a partner, a mentor who helps keep you honest and on track with your financial goals.

Well, as the first American pope, I sure hope he does us proud. You don't need to be a sovereign city state to have financial oversight. One of the most effective tools you can use is something way simpler, a financial accountability buddy. This is someone you trust, maybe a friend, a partner, a mentor who helps keep you honest and on track with your financial goals.

You don't need to share every single detail of your bank statements, but regular check ins monthly is even great, can help you stay on track and stay motivated to save stick to a budget, and actually open those statements you've been avoiding.

You don't need to share every single detail of your bank statements, but regular check ins monthly is even great, can help you stay on track and stay motivated to save stick to a budget, and actually open those statements you've been avoiding.

You don't need to share every single detail of your bank statements, but regular check ins monthly is even great, can help you stay on track and stay motivated to save stick to a budget, and actually open those statements you've been avoiding.

You don't need to share every single detail of your bank statements, but regular check-ins, monthly is great, can help you stay motivated to save, stick to a budget, and actually open those statements you've been avoiding. Just like the Vatican needed someone looking over its books, we all do better with a little outside perspective and a little pressure not to ghost our finances.

You don't need to share every single detail of your bank statements, but regular check-ins, monthly is great, can help you stay motivated to save, stick to a budget, and actually open those statements you've been avoiding. Just like the Vatican needed someone looking over its books, we all do better with a little outside perspective and a little pressure not to ghost our finances.

You don't need to share every single detail of your bank statements, but regular check-ins, monthly is great, can help you stay motivated to save, stick to a budget, and actually open those statements you've been avoiding. Just like the Vatican needed someone looking over its books, we all do better with a little outside perspective and a little pressure not to ghost our finances.

Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan Levoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions, moneyrehab at moneynewsnetwork.com to potentially have your questions answered on the show or even have a one-on-one intervention with me.

Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan Levoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions, moneyrehab at moneynewsnetwork.com to potentially have your questions answered on the show or even have a one-on-one intervention with me.

Money Rehab is a production of Money News Network. I'm your host, Nicole Lappin. Money Rehab's executive producer is Morgan Levoy. Our researcher is Emily Holmes. Do you need some money rehab? And let's be honest, we all do. So email us your money questions, moneyrehab at moneynewsnetwork.com to potentially have your questions answered on the show or even have a one-on-one intervention with me.

And follow us on Instagram at Money News and TikTok at Money News Network for exclusive video content. And lastly, thank you. No, seriously, thank you. Thank you for listening and for investing in yourself, which is the most important investment you can make.