Financial Advisors Say The Darndest Things: Recent Episodes

A.B. Ridgeway Wealth Management

A.B. Ridgeway provides Christians and people of faith, practical financial advice, from a biblical perspective. Your faith and your finances don't have to be separate. Come fellowship with a financial advisor with nearly a decade of experience as we help you align your investments and your mindset with the Word of God, explore what the Bible really says about money, and how you can pass on your legacy.

In this insightful episode, A.B. Ridgeway dives into a discussion about the real reason people are broke, drawing inspiration from Jade Warshaw’s appearance on the Dave Ramsey Show. Jade shares her journey to paying off $460,000 of debt in eight years and debunks common financial myths, such as the notion that "money isn't a math problem." Together, we explore the emotional and psychological barriers that keep people in debt and why accountability and mindset are critical to achieving financial freedom.

3 Key Takeaways:

Mindset Over Math: While financial success requires understanding the math, mindset and behavior play a much larger role. Emotional barriers, not knowledge gaps, often keep people stuck in financial ruts.
Accountability is Crucial: Taking responsibility for your financial decisions is key to breaking free from debt. If you signed the dotted line, it's up to you to pay back what you owe.
Debt is More Than a Financial Problem: Jade emphasizes that financial problems often stem from deeper emotional and mental struggles. Until these issues are addressed, no amount of financial advice will stick.

Notable Quotes:

"When you realize the mess you've made, you have to start asking yourself real questions. It’s beyond the money." – A.B. Ridgeway
"Money is a math problem, but if you know the math and are still broke, it’s because it’s more than just about money." – Jade Warshaw
"When you're in debt, there’s this constant guilt. The other side of that is complete freedom." – Jade Warshaw

Resources Mentioned:

Jade Warshaw’s new book: Money's Not a Math Problem: The Real Reason You're Broke and What

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: CBN

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses practical strategies to lower car insurance costs, especially as rates continue to rise across the U.S. He dives into some overlooked tips like defensive driving courses and annual policy reviews that could save you hundreds of dollars each year.

Key Takeaways:

Review Your Policy Annually: Don’t stick with the same insurance company out of convenience. Shopping around for new quotes yearly can lead to significant savings.
Take Defensive Driving Courses: Completing a course can save up to $233 annually on premiums, which compounds into substantial savings over the years.
Negotiate Your Rate: If you find a better rate elsewhere, ask your current provider to match it. Many companies would rather offer a discount than lose you as a customer.

Quotes:

"Never be loyal to an insurance company. It’s imperative that you shop around because rates can be competitive."
"It may not seem like much in one year, but think about it over 10 years. That’s a lot of money you get to keep in your pocket."
"When you're shopping for insurance, you want to find somebody who won’t give you the hokey pokey and make you turn all the way around."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: CBS Morning Show

In this episode, A.B. Ridgeway, a Certified Private Wealth Advisor®️ professional and host of Financial Advisors Say The Darndest Things, dives into debt management, one of the four pillars of Christian finance. He shares practical advice on how to navigate credit card debt, avoid financial quicksand, and improve your credit score to regain control of your financial future. With the help of expert advice and listener stories, A.B. discusses the importance of credit and how to take actionable steps to pay down debt and avoid high-interest traps.

Key Takeaways:

Understanding Financial Quicksand: Credit card debt, especially with high-interest rates like 23%, can feel like quicksand. It’s crucial to address this debt immediately to avoid sinking deeper.
Improve Your Credit Score: Good credit is essential to taking advantage of better financial options, such as transferring balances or obtaining personal loans with lower interest rates. Focus on improving your credit score by making consistent, timely payments.
Explore Multiple Financial Avenues: Don’t settle for a “no” from just one or two lenders. Broaden your search and negotiate with banks and credit card companies to find better options for paying off debt.

Notable Quotes:

“Credit card debt is financial quicksand. The more you struggle without a plan, the deeper you sink.”
“When you're in debt, credit really does matter. It’s like telling the world you haven’t paid off the people you owe.”
“The focus should be on paying down your debt to improve your credit, so you can access better financial tools and opportunities in the future.”

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: The Today Show

In this sobering episode, A.B. Ridgeway shares the heart-wrenching story of an 84-year-old widow who was deceived into losing $98,000 to a sophisticated romance scam. As Valentine's Day approaches, it’s a timely reminder to remain vigilant about online love interests and protect your loved ones from becoming victims of financial and emotional exploitation. A.B. breaks down the key steps scammers use to manipulate their victims and how to safeguard against these traps.

Key Takeaways:

Understand the Scam Process: Scammers typically follow a three-step method: temptation, isolation, and violation. They lure victims with emotions like love, isolate them from trusted sources, and then exploit them financially.
Vulnerability and Loneliness: Scammers often prey on the elderly, especially widows or those who feel isolated. It’s important to have trusted individuals to discuss financial decisions with, particularly in times of emotional vulnerability.
Prevention is Key: Establishing a trusted "financial five" (advisor, accountant, lawyer, power of attorney, and executor) is crucial. These individuals can help protect you from making large financial transfers and falling victim to emotional scams.

Memorable Quotes:

"An ounce of prevention is worth a pound of cure. Protect yourself by having a trusted circle of people to discuss big decisions."
"She had all the money, but what she wanted most was love. If you have love, you already have what people with money desire most."
"At 84 years old, she was still vulnerable to the allure of passion and love. It’s a reminder that emotions can cloud our judgment at any age."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: ABC news

In this episode, A.B. Ridgeway discusses a common question: "Should I stop investing to get out of debt?" Using insights from personal experience and financial expert Dave Ramsey, the episode explores how to balance debt repayment and investing. Is it better to focus on one or both? Tune in to find out the best strategies to achieve financial freedom.

3 Key Takeaways:

Finding Balance Between Debt and Investing: It is possible to invest while paying off debt, but maintaining focus and consistency in both areas is difficult for many.
The Importance of Financial Behavior: Financial success is often more about behavior than math. Staying committed to one primary goal at a time—whether debt repayment or investing—can yield better results.
The Millionaire Mindset: Millionaires are typically those who consistently save, live below their means, and use their freed-up income to invest and grow wealth, often starting from nothing.

3 Memorable Quotes:

"It's not about timing the investment, it's about time in the investment." – A.B. Ridgeway
"The psychology of this whole thing is more important than the math. You get the psychology right, the math ends up taking care of itself." – Dave Ramsey
"Being a millionaire is more than just having something on paper—it's a lifestyle, a character. It's someone who you are." – A.B. Ridgeway

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: Dave Ramsey Solutions

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway dives into the common dilemma of what to do with a 401k when you leave a job. With the help of a breakdown of advice from financial expert Dave Ramsey, A.B. Ridgeway explains the difference between direct and indirect rollovers, the importance of seeking professional advice, and how to avoid costly mistakes when transferring retirement funds.

Key Takeaways:

Understand Direct vs. Indirect Rollovers: A direct rollover transfers your 401k directly to a new retirement account without you handling the funds, avoiding taxes and penalties. An indirect rollover puts the money in your hands temporarily, with potential tax consequences if not managed properly.
The Importance of a Financial Advisor with a "Heart of a Teacher": It's crucial to have an advisor who can break down complex financial topics in simple terms, guiding you step by step through decisions like rolling over your 401k.
Beware of Tax Withholdings: If you receive a check directly from your 401k, 20% will automatically be withheld for taxes, which can lead to financial complications. Avoid this by opting for a direct transfer.

Quotes:

"You do not put money in things you do not understand. You've got to understand it."
"Find an advisor who is a teacher. I'm not trying to brag, but literally I have a podcast where I teach you about different things like 401ks, Roth IRAs, and distribution strategies."
"If you do a direct rollover, the whole $85,000 will go over there where you tell it to go—without any taxes withheld."

Don’t make retirement mistakes that could cost you thousands. Reach out to a qualified financial advisor or connect with A.B. Ridgeway for personalized advice on managing your retirement accounts.

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: Dave Ramsey Solutions

In this episode, A.B. Ridgeway tackles a critical yet often misunderstood financial decision—whether rolling over your 401k to an IRA is always the best move. While conventional wisdom suggests rolling over your retirement savings to gain more control and flexibility, recent studies reveal that this might not be the optimal choice for everyone. A.B. dissects the pros and cons, highlighting the role of fees, institutional advantages, and key differences in investment strategy post-retirement.

Key Takeaways:

Fees Matter – Although an IRA may provide more flexibility, retail accounts often charge higher fees than institutional 401k accounts. Rolling over could lead to higher costs, even for the same mutual funds.
Investment Strategy Changes Post-Retirement – Once you leave your job, your investment goals and strategies will likely change, and you might not need the exact same funds you had in your 401k.
Access to Funds – Rolling over to an IRA gives you more control and flexibility when it comes to accessing your funds, which can be crucial in emergencies or in cases where your former employer restricts withdrawals.

Memorable Quotes:

"Yes, the fees are a little bit higher, but how much higher are they really?" – A.B. Ridgeway highlights the importance of understanding fees when rolling over your 401k.
"When you leave your company, don’t leave your money there." – A.B. emphasizes the risks of leaving retirement funds with a former employer, particularly in the event of company issues.
"It’s not just about the fees—it’s about having the flexibility and knowing your money is in your hands." – A.B. discusses the added control and peace of mind that comes with rolling over to an IRA.

For more insightful financial discussions, check out our retirement prep playlist and subscribe to stay updated with the latest episodes!

Resources Mentioned:

Pew Charitable Trust Study: Study discussing the potential downsides of rolling over 401k accounts.
FINRA.org: A tool to research and compare fees associated with different investment accounts.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, A.B. Ridgeway reviews a popular video that attempts to explain IRAs in less than five minutes. He provides deeper insights into the intricacies of IRAs, comparing traditional and Roth IRAs, and highlighting key details that can affect your retirement savings strategy.

Key Takeaways:

IRA vs. Savings Accounts: IRAs offer a higher potential return through market investments, compared to the low interest rates of traditional savings accounts.
Understanding IRA Returns: Returns on IRAs are not guaranteed annually; they fluctuate based on market performance, typically averaging 7-10% over decades.
Tax Benefits and Penalties: Traditional IRAs provide tax deferral on contributions, while Roth IRAs offer tax-free withdrawals, but both come with early withdrawal penalties unless specific exceptions apply.

Memorable Quotes:

"It’s not about when you pay taxes—it’s about how much you pay." – A.B. Ridgeway
"With an IRA, you can put that money into market-based investments such as stocks, bonds, and mutual funds." – A.B. Ridgeway
"The key word here is tax deferred." – A.B. Ridgeway

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🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/audio credit: Strategic Wealth

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway tackles a popular question: Is a 401k better than a pension? Drawing insights from financial expert Dave Ramsey, A.B. delves into the differences between 401k plans and pensions, highlighting the pros and cons of both. From control over investments to portability, A.B. emphasizes the importance of taking charge of your financial future.

Key Takeaways:

401k Plans Provide Control and Portability: Unlike pensions, 401k plans give you control over your investments and allow you to roll your funds into an IRA if you change jobs.
Pensions Come with Risks: Pensions can leave workers vulnerable, as companies may cut or dissolve plans unexpectedly, leaving employees without their expected retirement benefits.
You Are Responsible for Your Retirement: The 401k reflects a DIY approach to retirement savings, underscoring the need for personal responsibility and planning for long-term financial security.

Memorable Quotes:

“The 401k has made more millionaires than pensions ever did.” — Dave Ramsey
“You are responsible for your retirement... It’s your responsibility to save for your future.” — A.B. Ridgeway
“There’s only one person in charge of your success. He’s in your mirror.” — Dave Ramsey

Resources Mentioned:

Download the free eBook: 4 Pillars to Christian Investing
Learn more about IRA rollovers and 401k management at A.B. Ridgeway’s website

Take control of your financial future by understanding the benefits of a 401k and ensuring your retirement plan is on track. Reach out to A.B. Ridgeway for personalized financial advice, or download the eBook today!

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: Dave Ramsey

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses the critical question, "How much do I need for retirement?" He explores the challenges that older Americans face in saving enough to live comfortably after they retire. With insights on how inflation, political shifts, and other financial pressures impact retirement savings, A.B. provides practical advice on how to navigate these uncertain times. Plus, find out why depending solely on social security is a risky bet, and discover how to plan ahead with the "Financial Five" team to secure a brighter future.

Key Takeaways:

Retirement savings are falling short for most Americans: The national average needed for a comfortable retirement is $967,000, but most retirees only have about $144,000 in their accounts.
Social Security isn’t enough: With the average payout around $20,000 a year, relying solely on Social Security will not cover basic living expenses, especially with rising costs of essentials like food and gas.
Plan early with the right team: Building a "Financial Five" team—financial advisor, accountant, lawyer, insurance agent, and estate planner—can strengthen your retirement plan and protect your savings from unforeseen challenges.

Notable Quotes:

"Retirement shimmers like a shiny but unaffordable object for millions of older households."
"Social security is not your golden parachute. You’re not going to live the life you want on $20,000 a year."
"The financial five are like fingers—separated, they’re easy to break, but together, they’re strong enough to protect your future."

Resources:

Download the free eBook: 4 Pillars to Christian Investing, a 19-page guide to mastering account types, debt management, savings, investing, and wealth transfer.
Schedule a free consultation with A.B. Ridgeway through the links in the description.

Stay tuned and take control of your financial future today!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: Rights to original poster

In this eye-opening episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway unpacks the heart-wrenching story of William and Ave Bortz, a retired couple who lost nearly $700,000 to a sophisticated online scam. From a fake Amazon email to relentless calls from scammers, A.B. explains how this scam unfolded and the important lessons we can learn to safeguard our finances. He also delves into the accountability banks should bear and how individuals must take proactive steps in financial protection.

Key Takeaways:

Vigilance Against Scams: Always validate suspicious emails or calls before sharing sensitive information or giving access to your devices. Scammers often prey on the vulnerable.
Personal Accountability: While banks and financial institutions are custodians of your money, it's essential to take personal responsibility for protecting your finances by consulting trusted advisors.
Importance of a Support System: Scammers target individuals who are isolated. Having a solid financial network, including advisors and family members, can help prevent such fraud.

Quotes:

"You trust banks to deposit the money, but you can’t trust them to protect you from every scam out there."
"Once you’ve let the scammer in, it’s like letting a thief into your home. Prevention starts with you."
"We can't depend on pensions, banks, or even Social Security. We have to build our own financial fortress."

Tune in to learn how to protect yourself from falling victim to online scams and take proactive steps in safeguarding your financial future.

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: ABC

In this episode, A.B. Ridgeway delves into the heart-wrenching story of a 76-year-old man who lost his entire savings—nearly $800,000—after falling victim to a sophisticated scam. From living comfortably to homelessness, this episode explores the dangers of financial scams and the essential steps we can take to protect ourselves from financial ruin. Learn how to safeguard your assets, avoid common mistakes with 401k rollovers, and why building your "Financial Five" team is crucial for your financial security.

Key Takeaways:

Financial Scams Can Happen to Anyone Even after a lifetime of hard work, one mistake can wipe out an entire fortune. Scammers target the vulnerable, but no one is immune—be vigilant and cautious, especially with sudden large sums of money.
Importance of Your Financial Team ("Financial Five") Having a trusted financial advisor, accountant, lawyer, power of attorney, and executor can prevent disastrous financial decisions. Always consult your team before making any large financial moves.
Avoiding Tax Pitfalls on 401k Withdrawals Rolling over a 401k into a savings account can lead to severe tax penalties. Learn the right strategies to avoid costly mistakes that could drain your retirement savings.

Quotes:

"One mistake can wipe out a life savings." A.B. Ridgeway underscores the gravity of making the wrong financial decisions, whether it’s falling for a scam or mishandling your 401k.
"Houses are everything. House is life." This powerful statement from the victim highlights the emotional and financial significance of homeownership, especially in times of uncertainty.
"You need your financial five... those are the people you should trust, not the scammers you met five minutes ago on a phone call." A.B. Ridgeway emphasizes the importance of building a strong financial support system to help navigate complex financial decisions.

For more tips and expert advice, be sure to check out A.B. Ridgeway's Four Pillars to Christian Finance and schedule a free consultation today!

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

retirement #401 #work #scam #news

In this heartfelt episode, A.B. Ridgeway discusses the challenging realities many Americans face when it comes to retirement. Drawing on the story of Tom Coomer, an 80-year-old Walmart greeter, Ridgeway dives deep into the importance of retirement planning and how failing to prepare can leave individuals working well into their golden years. Tom's story is a sobering reminder of the consequences of not planning ahead.

Key Takeaways:

Retirement is Out of Reach for Many: Millions of Americans, like Tom, are finding themselves working past the age of 65. This trend has increased since the 1980s, with more than 10 million people over 65 still in the workforce.
The Consequences of Not Planning: Tom’s story highlights the importance of early and aggressive retirement planning. Despite working for nearly 30 years, he lost his retirement due to his company’s closure. His regrets over not planning harder when he was younger serve as a cautionary tale.
The Unseen Costs of Retirement: Financial struggles in retirement aren’t just about income. Medical emergencies, like Tom’s wife’s heart blockages, add unexpected burdens. Proper planning must also include considerations for healthcare and other unforeseen expenses.

Notable Quotes:

"If I had planned harder when I was younger, I wouldn’t be going to work this morning. I’d be going fishing or hunting."
"We cannot trust businesses or anybody else to protect us. We have to invest ourselves, or we're going to risk working into our old age."
"You can have the security of a job for 30 years, but when they want to get rid of you, whether through firing or the company shuts down, that’s all that’s going to happen."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses "Peak 65," the influx of Americans turning 65 in 2024, and how this milestone impacts retirement planning. With more than 11,000 people reaching retirement age daily, it's crucial to prepare emotionally and financially. Ridgeway also touches on the importance of making informed decisions about 401ks, Medicare enrollment, and maintaining purpose after retirement.

3 Key Takeaways:

The Peak 65 Phenomenon: In 2024, over 4 million Americans will turn 65, marking the largest wave of retirees in history. This presents a critical moment for those approaching retirement to evaluate their financial and emotional preparedness.
Navigating Retirement Finances: Decisions regarding 401k rollovers and Medicare enrollment are vital. Understanding the tax implications and benefits of rolling over 401k funds into an IRA can save retirees significant amounts in taxes, while enrolling in Medicare on time helps avoid penalties.
Emotional Preparation is Key: Retirement isn't just a financial transition; it's an emotional one too. As people retire from long careers, they may face identity shifts. Planning for meaningful post-retirement activities is essential for maintaining purpose and mental well-being.

3 Memorable Quotes:

“Are you going to roll over your 401k into an individual retirement account, or leave it where it is? These decisions will shape your financial future.” – A.B. Ridgeway
“Your identity is kind of stripped from you when you retire. Some of you have been working 15, 20, 30 years… What do you do after you’re no longer a doctor, an engineer?” – A.B. Ridgeway
“Social Security will be around for today’s young people, but it will probably pay out less. So, it's even more important to start saving early.” – Elizabeth O’Brien

💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!

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📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway breaks down the financial quicksand that is credit card debt and shares strategies to regain control of your financial future. With interest rates climbing to as high as 23%, getting out of credit card debt seems harder than ever. But with the right approach, such as leveraging personal loans, improving credit scores, and negotiating with creditors, you can begin to make real progress.

Here’s how to approach it:

3 Key Takeaways:

Use a Personal Loan to Escape High-Interest Debt Credit cards can carry overwhelming interest rates, but personal loans often offer much lower rates. Use the loan to pay off your credit cards, then focus on chipping away at the loan itself. This can help avoid paying upwards of 23% in interest fees.
Good Credit is Your Golden Ticket Whether it’s getting a personal loan, refinancing debt, or negotiating better interest rates, good credit is the foundation. Focus on improving your credit score before making any major financial moves, as it significantly impacts your financial opportunities.
Always Negotiate for Better Terms One of the best-kept secrets in personal finance is the power of negotiation. Don’t hesitate to call your credit card company and ask for a lower interest rate. Studies show that this works over 76% of the time—simply asking can save you thousands in interest over time.

3 Powerful Quotes:

"Who wants to pay 23% interest? Nobody." — A.B. Ridgeway This highlights the crippling effect high-interest rates can have on your financial freedom.
"Credit is like telling the world, you have not paid off the people you owe." — A.B. Ridgeway This vivid analogy underscores how crucial your credit score is in the financial world.
"It is very dishonest to take money from someone and refuse to pay them back, whether it's your student loan, credit card, or anything else." — A.B. Ridgeway A reminder that integrity in finance means honoring your commitments and paying off debts.

This episode emphasizes the importance of taking proactive steps to manage debt, protect your credit, and negotiate better financial terms. It’s not just about paying off debt but building a strategy that protects your financial future.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: Today

In this episode, A.B. Ridgeway dives deep into the concerning statistics surrounding older Americans and their lack of retirement preparation. Alongside CBS News Money Watch Associate Managing Editor Amy Piki, A.B. highlights the reasons behind this unpreparedness and offers practical advice on how individuals can take charge of their retirement planning, even if they are late to start.

3 Key Takeaways:

A Significant Number of Older Americans Lack Retirement Accounts According to the episode, 27% of individuals aged 59 and older do not have any form of retirement account, making it difficult for them to achieve financial security in their later years.
Social Security Isn't a Retirement Plan The episode stresses that Social Security benefits are projected to be reduced to 77 cents on the dollar by 2035. Relying solely on Social Security for retirement can lead to financial struggles, emphasizing the need for personal savings.
It's Never Too Late: Catch-Up Contributions Those aged 50 and older can take advantage of catch-up contributions, allowing them to save more in tax-deferred retirement accounts. A.B. explains that this is a great way to build a retirement cushion, even if you're starting late.

3 Quotes:

"The idea that people don't even have these accounts is startling because you can't start something you don't even have."
"Saving for retirement is do-it-yourself. You have to develop your own plan, create your own individual retirement account, and contribute to your own 401k."
"No one is going to save you. If you depend on the government or Social Security alone, you might find yourself financially unprepared in retirement."

If you haven’t started saving for retirement, it’s time to take action. Whether it’s setting up an IRA or increasing your 401k contributions, your future self will thank you. For more personalized guidance, reach out to a trusted financial advisor like A.B. Ridgeway.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway explores the complexities of 401k plans, focusing on whether they are always a good investment—especially when there’s no company match. We dive into Dave Ramsey's advice to a caller, examine the difference between low and high returns, and unpack the concept of compound growth versus compound debt. A.B. Ridgeway also offers insight into the tax benefits of contributing to a 401k and why the performance of the investments inside the account matters more than the 401k itself.

Key Takeaways:

Company Match Isn't Everything: Even without a company match, contributing to a 401k offers significant tax advantages like pre-tax contributions and tax-deferred growth.
Compound Growth Works Both Ways: Compound interest can significantly accelerate wealth accumulation in investments, but it also applies to debt—creating what A.B. Ridgeway calls “compound debt.”
It's Not the 401k, It's the Investments: The performance issues aren't with the 401k itself but with the investments inside. Moving funds into an IRA post-employment can open up more diversified investment opportunities.

Memorable Quotes:

"The 401k itself is not an investment; it's just the coat that keeps the investment warm."
"Compound growth doesn’t just happen on the positive side. We might even coin a new term—compound debt!" — A.B. Ridgeway
"Four and 12 percent isn’t three times more; it's like 30 times more, because compound growth works on a curve, not a straight line." — Dave Ramsey

Stay tuned as A.B. Ridgeway delves deeper into how to navigate your financial future with wisdom and strategy, reminding us that understanding the fine print can make a world of difference in our investments.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: Dave Ramsey

In this episode, host A.B. Ridgeway covers the breaking news of Sean "Diddy" Combs' arrest and explores the deeper implications of wealth, success, and morality. While many focus on Diddy's financial success, Ridgeway reminds listeners that character matters more than material possessions. He draws connections between personal values and financial decision-making, urging the audience to focus on how wealth is earned, not just its accumulation.

Key Takeaways:

Wealth Without Morality is Empty – A.B. Ridgeway emphasizes that true success isn't measured by wealth alone but by the integrity behind earning it.
The Importance of Character in Financial Decisions – Ridgeway draws attention to the need to associate with people of good character rather than being dazzled by their financial status.
Money and Morality Should Be Aligned – Wealth should be accumulated ethically. Ridgeway encourages listeners to evaluate whether their financial pursuits align with their core values and faith.

3 Quotes:

"We need to disassociate ourselves with what people have and start associating ourselves with who people are."
"What does it profit a man to gain the whole world and lose his soul? And right now, he is struggling for his soul."
"Physically assaulting somebody is a crime, and that does technically make you a criminal."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Article: NBC news

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway, a certified private wealth advisor, reacts to a clip from The Ramsey Show that critiques common misinformation about 401ks. A.B. provides a detailed breakdown of why the advice presented in the clip is misleading, corrects factual inaccuracies, and offers listeners a clearer understanding of 401ks as part of a well-rounded retirement strategy.

3 Key Takeaways:

Misconceptions about 401k origins and purpose – The claim that 401ks were created after the Great Depression is incorrect. They were actually introduced in the late 1970s as a tax-deferred retirement vehicle, becoming popular in the 1980s.
Importance of research and context – Blindly accepting financial advice without doing proper research can be dangerous. Misinformation, especially when delivered with confidence, can lead people to make poor decisions about their retirement planning.
Inflation and investment returns – It’s essential to understand the difference between a savings account and a 401k. While inflation can erode purchasing power in low-interest savings accounts, a well-managed 401k can provide substantial returns over time, often far surpassing inflation rates.

3 Memorable Quotes:

"This girl took a lot of 401k information, put it in a blender, and tried to serve it. It just doesn’t look the same as the original form."
"The 401k didn’t come around until the late 70s, not after the Great Depression. We had pensions before then. This is important historical context that many people miss."
"We gotta be careful what we consume... Misinformation, especially when said with confidence, can mislead people into making bad financial choices."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: Dave Ramsey

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway tackles the alarming trend of Americans prematurely cashing out their 401k accounts. With rising inflation, medical emergencies, and job changes driving these decisions, A.B. discusses the dangers and long-term consequences. He also shares some practical tips on rolling over your retirement savings and emphasizes the importance of consulting your "Power 5" before making critical financial moves.

Key Takeaways:

Cashing Out Comes with Penalties – Withdrawing funds from your 401k before retirement can lead to significant tax penalties and long-term financial setbacks.
Consider a 401k Rollover – If you leave a job, it’s often better to roll your 401k into a new employer’s plan or an IRA rather than cashing out.
Consult Your Financial Team – Always consult with your financial advisor, accountant, and other key figures in your "Power 5" before making major financial decisions.

Quotes:

"Cashing out should be the absolute last resort in the most extreme circumstances."
"Even though you have a little bit of ease up front, on the back end it’s going to be even more difficult."
"We need to understand what we are doing before we make those financial decisions."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway shares insights on becoming a 401k millionaire and highlights critical steps to ensure a secure financial future. Through expert advice and real-life examples, listeners will learn why many fall short in retirement savings and how to overcome these challenges.

Key Takeaways:

The Retirement Savings Crisis: Despite market growth, the average 401k balance remains low, with many not saving enough to sustain a comfortable retirement. Supersavers, who aggressively contribute, skew the averages, leaving most with minimal retirement funds.
Maximize Your Contributions: A staggering 28% of employees don't participate in their employer’s 401k plan. By not contributing the maximum amount, they miss out on potential employer-matched funds, essentially leaving free money on the table.
Balancing Aggressive and Conservative Investments: Being too conservative with your investments can be as detrimental as being too aggressive. It's essential to find the right balance that aligns with your risk tolerance while still achieving your long-term financial goals.

Memorable Quotes:

“Safety doesn’t mean certainty when it comes to investing.” – A.B. Ridgeway
“You have to make sure you stay within your risk tolerance and make it comfortable.” – Jeannie Thompson
“If you’re not saving enough for retirement now, you’re putting your future at serious risk.” – A.B. Ridgeway

This episode is packed with practical advice on how to take control of your financial future and ensure you're on track to becoming a 401k millionaire.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, A.B. Ridgeway addresses a critical scam targeting individuals through fake Social Security emails and calls. He shares the story of Joyce House, who received a suspicious notice claiming her Social Security number was being revoked. Fortunately, she trusted her instincts and didn't fall victim to the scam. A.B. emphasizes the importance of vigilance, especially during tax season, and provides actionable advice for avoiding such fraudulent schemes.

3 Key Takeaways:

Beware of Suspicious Emails and Calls: Fraudsters may send emails that look official, such as using SSA logos and similar website domains like "SSA.US.gov." Always verify the source, especially when receiving unsolicited communications.
Trust Your Instincts: If something feels off, like Joyce’s experience when a scammer asked for personal information, don’t hesitate to hang up or stop responding. Always double-check details such as email addresses or phone numbers before taking action.
Build Your 'Power of Five': To protect yourself financially, A.B. recommends having a solid team of five key people: a financial advisor, an accountant, a lawyer, a power of attorney, and an executor. This team will guide and protect you through financial decisions and prevent potential scams.

3 Memorable Quotes:

"Your Social Security number might be the most valuable piece of information you have." — A.B. Ridgeway
"It said SSA.US.gov—sounds official, looks official, but we all know the official website is SSA.gov." — A.B. Ridgeway
"You need to have a team that’s going to guide you, or you're going to be at a greater risk of falling for these scams." — A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, A.B. Ridgeway discusses the recent national data breach that leaked over three billion personal records, including social security numbers, and shares crucial steps on how to safeguard your financial information.

Key Takeaways:

Freeze Your Credit for Protection Freezing your credit at the major credit reporting agencies (Equifax, Experian, TransUnion, and Innovis) is one of the most effective ways to protect against identity theft. While it may require extra steps to unfreeze your credit when applying for loans, the added security is worth it.
Be Cautious with Emails Be wary of emails claiming your data has been compromised. Cybercriminals often use phishing tactics to trick you into clicking on links that allow them to steal your personal information.
Build a Financial Protection Team Surround yourself with a trusted financial team, including a financial advisor, accountant, lawyer, power of attorney, and executor. These professionals form your "Power Five" and are essential for safeguarding your financial well-being.

Top Quotes:

"First of all, we have to make ourselves aware. We need to create barriers between us and the scammers." – A.B. Ridgeway
"It is credit freeze, not credit lock. Freezes are free... every barrier to your credit is going to improve your security." – A.B. Ridgeway
"Surround yourself with your Power Five... the super five team that you're going to need to protect yourself." – A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: ABC

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses the misconceptions surrounding Social Security as a retirement plan. With insights into Dave Ramsey's advice and practical strategies for managing Social Security benefits, A.B. provides listeners with essential tips on how to better prepare for retirement. He emphasizes the importance of personal savings and investments rather than relying solely on Social Security. This episode is a must-listen for those approaching retirement or anyone who wants to secure their financial future.

Key Takeaways:

Social Security as a Supplement, Not a Solution: Social Security should only be a part of your retirement plan, not the entirety of it. It's projected to cover only about 40% of what you were earning pre-retirement, and future reductions are possible.
The Importance of Early Investment: If you have the means, consider taking Social Security early and investing the benefits. Over time, this strategy could yield better returns than waiting for a larger monthly check.
Plan for the Worst, Hope for the Best: Don’t rely on Social Security alone. Create your own retirement fund by paying off debt, saving, and investing 15% of your gross income to ensure a secure financial future.

Quotes:

"Social Security should not be your parachute into retirement."
"If you want to wipe out your debt faster, you're going to do the avalanche."
"You cannot rely on the government or your employer to save for you; this is do-it-yourself."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: Fox Business

In this episode, A.B. Ridgeway recounts a heart-wrenching story of a 71-year-old grandmother who fell victim to a sophisticated Bitcoin scam that cost her her entire life savings. Through this case study, A.B. sheds light on the tactics scammers use to manipulate their victims, especially targeting vulnerable individuals like retirees. He emphasizes the importance of having a trusted financial advisor and a strong support system to safeguard your financial future. A.B. offers practical advice on how to recognize scams, protect assets, and the significance of building a team of professionals for financial protection.

Key Takeaways:

Scammers Use Fear Tactics: Scammers often impersonate government officials and create fear through threats of legal consequences to manipulate their victims into complying with their demands.
Financial Advisors Provide Protection: A trusted financial advisor can help identify fraudulent schemes and offer sound advice on protecting your assets, especially for those who feel isolated.
Build a Financial Team for Security: A strong financial team, including an advisor, lawyer, accountant, and executor, can act as checks and balances to safeguard against scams.

Memorable Quotes:

"If you have a financial advisor that protects you from losing your life savings, wouldn't that be worth the price?"
"Scammers are playing good cop, bad cop. And unfortunately, just like in the movies, they're on the same team."
"We must be humble enough to know that we don't know everything, and we do need help."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this deeply emotional episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway reflects on the devastating consequences of a family tragedy tied to wealth transfer and poor estate planning. A man, feeling left out of his mother’s will, took the lives of his family members and himself. Ridgeway stresses the importance of transparent family discussions and sound estate planning, sharing how unresolved issues and miscommunication about inheritance can lead to irreparable harm. He emphasizes that wealth transfer is one of the key pillars of financial planning and encourages families to openly discuss their plans to avoid disastrous outcomes.

Key Takeaways:

Proper Estate Planning Is Essential: Without clear communication and well-structured estate plans, confusion and feelings of entitlement can escalate into dangerous situations.
Wealth Transfer Conversations Are Crucial: Families must have transparent discussions regarding wealth transfer to prevent misunderstandings and emotional turmoil after a loved one passes.
Mental Health Matters: It's essential to address mental health concerns when managing sensitive family and financial matters, as unresolved issues can lead to tragic decisions.

Memorable Quotes:

“Not only did you kill your whole family, you killed yourself over money. This is ridiculous.”
“People do some crazy things when it comes to money. And the thing is, it's the sense of entitlement that people think they’re entitled to your parents' estate.”
“During this time, they should be mourning the death of their mother, not necessarily fighting over the money.”

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway dives into the intricacies of Social Security benefits and how to maximize them. Joined by CNBC's Senior Personal Finance Correspondent, Sharon Epperson, the discussion covers when to start collecting Social Security, understanding your full retirement age, and why Social Security should be viewed as a supplement to your retirement savings rather than a golden parachute. Sharon provides actionable steps, such as visiting ssa.gov to set up a My Social Security account and ensuring your earnings record is accurate, so you can make informed decisions about your benefits.

Key Takeaways:

Understand Your Full Retirement Age: Knowing your full retirement age (FRA) is crucial, as it impacts the amount of Social Security benefits you receive. For those born between 1943 and 1954, the FRA is 66, while it's 67 for those born after 1960.
Timing Matters: You can start collecting Social Security as early as age 62, but your benefits could be reduced by up to 30%. Delaying benefits until age 70, however, can increase your monthly benefit by 8% each year you wait.
Verify and Correct Your Earnings Record: Regularly checking your earnings record on ssa.gov is essential to ensure that all your income is correctly reported. Any discrepancies should be addressed immediately to avoid lower-than-expected benefits.

Memorable Quotes:

"Social Security isn't meant to be your golden parachute; it's designed to be a supplement to your retirement savings." — A.B. Ridgeway
"You can start taking Social Security at 62, but remember, it could be reduced by as much as 30% if your full retirement age is 67." — Sharon Epperson
"Talk to a financial professional about how to coordinate Social Security with your other retirement plans. This isn't something you should navigate alone." — A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/audio credit: YouTube

Summary: In this episode, A.B. Ridgeway, host of Financial Advisors Say The Darndest Things, dives into a shocking case involving an Oakland County probate judge, Kathleen Ryan, who was removed from her bench after accusations of making racist, homophobic, and inappropriate comments. Ridgeway highlights the broader implications of probate court on finances, explaining the crucial role of probate judges in overseeing the estates of deceased individuals. He warns about the power these judges hold, which can directly impact families and their financial well-being. Ridgeway also touches on how such power dynamics can go unchecked and the importance of protecting vulnerable communities.

3 Key Takeaways:

The Role of Probate Judges in Finances: Probate judges oversee the administration of estates after someone dies, including granting administrative powers and appointing executors. If misused, this authority can harm families financially.
The Danger of Bias in Power Positions: When those in power, such as Judge Ryan, hold racial, homophobic, or inappropriate biases, it undermines the fairness of the legal system, making it unsafe for vulnerable communities.
Estate Planning is Essential: Ridgeway emphasizes the importance of having a will and an estate plan to protect your family's financial future, especially from judges who may not be impartial.

3 Quotes:

“This is not necessarily a racist thing as much as it's going to be a financial thing. I want to make the differences here.” – A.B. Ridgeway explains the deeper financial implications of bias in the probate system.
“Nobody with that much hate in their heart for certain people or certain groups of people, I don't believe they could possibly make fair unbiased decisions.” – Ridgeway reflecting on the judge’s harmful biases and the potential impact on court decisions.
“When you're talking about being able to influence someone's livelihood… that's a very scary place to be.” – A.B. Ridgeway stresses the gravity of unchecked power in the probate court system.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/audio credit: ABC

In this episode of "Financial Advisors Say The Darndest Things," host A.B. Ridgeway delves into the alarming statistic that the average 55-year-old has less than $55,000 saved for retirement. The discussion emphasizes the importance of starting to save early, utilizing catch-up contributions for those nearing retirement, and delaying Social Security benefits to maximize income. With insights from financial experts, this episode provides practical advice for improving retirement readiness, especially for those who are behind on their savings.

Key Takeaways:

Start Saving Early: Younger generations are beginning to save for retirement earlier than previous ones, which is crucial for long-term financial stability.
Catch-Up Strategies for Those Nearing Retirement: If you're over 50, take advantage of catch-up contributions to your 401k and IRAs. This is a critical step to improve your retirement savings.
Delay Social Security Benefits: To maximize your Social Security income, consider delaying your benefits until age 70. This strategy can significantly enhance your financial security in retirement.

Notable Quotes:

"Unfortunately, we are outliving the money we are putting aside and we need to do better."
"Good investing is pretty boring. You invest, you let it grow, you contribute, you save, and you wait."
"The longer you can keep working, keep your skills up to date, stay in the job market, you can push back taking that Social Security and really improve your retirement security in the future."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: Yahoo

In this eye-opening episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway dives into the alarming reality of retirement fraud, focusing on the heartbreaking story of a woman who lost her entire life savings to a mail scam. Learn how to protect yourself and your loved ones from these ever-evolving scams, and discover why having a trusted financial advisor in your corner is more crucial than ever.

Key Takeaways:

Retirement Fraud Is Real and Pervasive: Scammers target seniors with sophisticated tactics, including fraudulent mail and sweepstakes, preying on their trust and vulnerability. In this episode, we hear about a woman who lost over $200,000 to such scams.
Importance of Staying Informed and Vigilant: Technology and scam tactics evolve rapidly. It's vital to stay informed about the latest fraud schemes and to regularly review your financial situation with a trusted advisor to avoid becoming a victim.
The Role of a Financial Advisor: Having a financial advisor you can trust is essential. They can serve as a sounding board for financial decisions, help you identify potential scams, and ensure your financial security.

Quotes:

"There are no free lunches, right? Nothing in this world is free." – A.B. Ridgeway
"You don't have to do this alone. If you're looking for a financial advisor that you can trust, I'm here to help." – A.B. Ridgeway
"Check in on your family members... just because they say they are good, just because it looks like they're living the life, doesn't mean everything is all right." – A.B. Ridgeway

Resources Mentioned:

DeliveringTrust.com: A website launched by postal inspectors, offering information and tips to help you avoid becoming a victim of fraudulent schemes.
Free E-Book: The Four Pillars to Christian Investing – A 19-page beginner's guide on debt management, savings, investing, and wealth transfers.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: ABC

In this episode of "Financial Advisors Say The Darndest Things," A.B. Ridgeway discusses the concerning trend of more Americans dipping into their 401k retirement savings early. Joined by CBS News business analyst Jill Schlesinger, A.B. delves into the reasons behind this behavior, the impact of early withdrawals, and the potential long-term consequences for retirement planning. The episode explores the ease of accessing 401k funds and why this might be problematic for the financial future of many individuals.

Key Takeaways:

Increased Withdrawals Due to Hardships: Economic pressures such as inflation and eased regulations have led more Americans to withdraw from their 401k accounts to cover immediate needs, despite the long-term consequences.
Penalties for Early Withdrawals: Withdrawing funds before the age of 59½ incurs significant penalties, including taxes and a 10% early withdrawal penalty, making it a costly decision.
The Importance of Financial Planning: Proper financial planning, including maintaining an emergency fund, is crucial to avoid the need for early withdrawals from retirement accounts, which can jeopardize long-term financial security.

Memorable Quotes:

"It's really hard to save for retirement... and you work really hard to get that money in."
"They're making it easier to get the money out, but they're making it very difficult to put the money back in."
"If you don't use [your 401k] for the purpose that it was created for, where you get the benefits of tax-deferred growth, then they are going to penalize you."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credit: Good Morning America

In this eye-opening episode of "Financial Advisors Say The Darndest Things," host A.B. Ridgeway delves into the critical topic of retirement planning, highlighting the challenges faced by retirees like 88-year-old Jacqueline James. Despite working for decades and contributing to a pension, Jacqueline now struggles to make ends meet due to inflation and lack of cost-of-living adjustments. A.B. discusses the importance of taking control of your retirement savings, the limitations of relying on pensions or social security, and why a 401k is more essential than ever.

5 Key Takeaways:

The Reality of Inflation: Jacqueline James’ story illustrates how inflation can erode the value of a fixed pension, leaving retirees with insufficient income to cover basic living expenses.
Importance of Investing: Without investing, your savings will not keep pace with inflation. A stagnant pension or savings account can leave you in a difficult financial position during retirement.
401k Responsibility: Retirement savings, particularly through a 401k, are now largely the individual’s responsibility. The days of relying solely on pensions or social security are over.
Financial Literacy is Key: Unlike previous generations, today’s workers have access to a wealth of financial information. It’s crucial to take advantage of these resources to plan effectively for retirement.
Proactive Retirement Planning: It’s essential to start planning and saving early for retirement. Waiting too long can result in having to make severe lifestyle sacrifices, as seen in Jacqueline’s case.

3 Memorable Quotes:

"Retirement is not some gift that comes with life. It is do it yourself. You have a responsibility."
"Imagine if she saved $25,000 in a mattress and that $25,000 never grew. This is exactly what's happening to her now."
"We have to make the conscious decision to save for ourselves—nobody is going to save us."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio credit: NBC

In this episode, A.B. Ridgeway dives into one of the most frequently asked questions he receives: How much do I need to save for retirement? Starting with a traditional financial approach and later offering a unique biblical perspective, A.B. shares key insights on the importance of early saving, understanding your retirement goals, and how to effectively plan for the future, both financially and spiritually.

Key Takeaways:

Start Early: Time is your greatest asset when saving for retirement. The earlier you start, the more you benefit from compound interest, allowing your savings to grow significantly over time.
Define Your Retirement Goals: Your savings should align with your retirement aspirations. Whether it's paying off a house, traveling, or supporting family members, clearly defining your goals will help determine how much you need to save.
The Power of Conservative Estimations: Using conservative interest rates in your calculations, like 5%, helps set realistic expectations and ensures that any growth beyond that is an added bonus.

Memorable Quotes:

"Time is your superpower. The longer you are saving for retirement, the better."
"When you're young, just save. It doesn't matter what you're saving for because we're thinking 10, 20, 30, 40 years down into the future."
"When you get older, it's more crucial to define what you are going to use your money for because that will determine how much money you're actually going to need."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video/audio credits: CBS

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway discusses the harsh reality facing millions of Americans nearing retirement without adequate savings. With insightful commentary on a CBS report, A.B. sheds light on the importance of planning early and the potential consequences of delaying financial preparedness. Whether you're just starting your career or nearing retirement age, this episode is a must-listen for practical advice on securing your financial future.

5 Key Takeaways:

Retirement Savings Crisis: Nearly 57 million Americans work for employers that don't offer retirement savings plans, leaving many unprepared for their golden years.
Living Below Your Means: A.B. emphasizes the importance of living below your means early in life to avoid being forced to make drastic lifestyle changes later.
The Importance of Starting Early: Starting your retirement savings as early as possible is crucial. The best time to start is yesterday, and the second best is today.
Avoiding Risky Investments: As you approach retirement, it's important to avoid risky investments that promise high returns. Instead, focus on secure, conservative options.
Seeking Professional Help: If you're unsure where to start or how to improve your financial situation, A.B. encourages listeners to seek professional advice and utilize resources like the 4 Pillars to Christian Investing eBook.

3 Quotes:

“Comparison is the thief of joy, but if you're comparing to your neighbor without savings, does that bring you joy that you saved a little bit?”
“We cannot lie to ourselves. Unfortunately, when reality hits, we have nowhere to turn.”
“If you don’t have a plan, I want you to reach out to us. Don’t delay, start today.”

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video/Audio Credit: CBS News

In this thought-provoking episode, A.B. Ridgeway delves into the harsh realities facing many American seniors today—having to return to work after retirement. Through the story of Larry and Joyce Gessick, a couple in their late 60s and 70s who have found themselves back in the workforce, A.B. highlights the importance of proper retirement planning, financial literacy, and the consequences of underestimating the need for a solid financial plan. The episode serves as a wake-up call to listeners, emphasizing the urgency of taking control of their financial future before it's too late.

Key Takeaways:

The Importance of Early Retirement Planning:
- Many seniors are forced to return to work because they didn't plan adequately for retirement. It's crucial to start saving and creating a financial plan early on to avoid financial struggles later in life.
Financial Literacy is Key:
- The lack of financial education has left many older workers unprepared for retirement. Understanding how to manage 401Ks, savings accounts, and other retirement funds is essential to ensuring financial security.
You Control Your Financial Future:
- While policies and external factors play a role, the responsibility ultimately lies with individuals to manage their finances wisely. Blaming external forces won't solve the problem—taking proactive steps will.

Notable Quotes:

"You are either going to retire by force or by volition." —
"Work is the new retirement." — A stark reminder from labor economist Teresa Giller Ducci that for many, the concept of retirement has shifted from leisure to continued employment out of necessity.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Overview: In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway dives deep into the startling statistic that nearly half of middle-class Americans plan to work beyond the age of 65. Is this a matter of choice or necessity? Join us as we explore the changing landscape of retirement, the financial challenges facing many Americans, and the need for a well-thought-out retirement plan.

Key Takeaways:

Retirement Planning Crisis: Many Americans are not adequately preparing for retirement, with some completely discarding traditional retirement plans in favor of relying solely on their 401k accounts.
Increased Life Expectancy: With the expectation of living longer, middle-class Americans face the challenge of funding a retirement that could last 25 years or more, often with insufficient savings.
The Importance of Early Retirement Planning: The podcast stresses the importance of starting retirement planning early to ensure a financially secure and fulfilling retirement.

Memorable Quotes:

"Imagine working 40, 50, 60 years—can employees afford to pay someone who's been working there 40 years the same as they would someone who may be in the business for only 10?"
"People sacrifice their younger years to gain money to protect themselves in retirement, and then when they retire, they don’t do anything. When are we going to stop and say, 'I need to live this life?'"
"You're making $100,000 a year, and over a 20-year career, you can't save more than $66,000? This is no accident."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this gripping episode, A.B. Ridgeway dives into the unsettling story of a Wells Fargo employee found dead at her desk after four days, raising serious questions about workplace safety, corporate negligence, and the value of human life in the corporate world. Join A.B. as he unpacks this tragic event and challenges listeners to reflect on the state of their own work environments.

Key Takeaways:

Corporate Accountability: A.B. Ridgeway emphasizes the importance of companies taking responsibility for their employees' well-being, both during and after work hours.
Workplace Safety Concerns: The incident highlights significant flaws in the safety protocols at Wells Fargo, sparking a conversation about the need for stricter workplace safety regulations.
Isolation in the Workplace: A.B. discusses the dangers of working in isolation and the potential consequences when colleagues fail to check on one another.
Questioning Corporate Culture: The episode delves into the toxic aspects of corporate culture that may contribute to such tragic outcomes, urging listeners to reconsider their work environments.
The Role of Leadership: Effective leadership involves not only meeting financial goals but also ensuring the physical and mental well-being of employees. A.B. calls for stronger leadership accountability in corporate America.

Quotes from the Episode:

"There’s no way that you should be dead for four days, and nobody missed you." A.B. Ridgeway expresses disbelief over the lack of concern shown by the workplace during this tragic event.
"Forget all these therapists that you're going to be sending in… What happens when people are still alive? That's what I want to know." A.B. questions the sincerity of corporate responses that focus more on damage control than on preventing such incidents in the first place.
"This is like the second or third person who has passed away at one of these big banks. Is it too stressful, or is the work environment just not healthy?" A.B. raises concerns about the broader implications of this incident, pointing to a potential pattern of neglect in the banking industry.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

audio credit: https://www.youtube.com/watch?v=hFCmNeTgdrs

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway dives into the surprising rise in the number of 401k millionaires and what it means for your financial future. Is having a million dollars in your 401k enough to retire comfortably, or are the numbers misleading? Join us as we explore the factors contributing to this growth, the challenges of achieving millionaire status in a 401k, and what you can do to improve your financial outlook.

5 Key Takeaways:

Record High for 401k Millionaires: Fidelity reports a record high of 500,000 retirement millionaires, showcasing a positive trend in retirement savings.
The Importance of Financial Literacy: The rise in 401k millionaires is a sign that financial literacy is improving, as more people are making informed decisions about their retirement savings.
Challenges for the New Workforce: Today's workforce, with its emphasis on part-time and gig economy jobs, may struggle to achieve the same retirement benefits as full-time employees with 401k plans.
Tax Advantages of 401k Accounts: 401ks offer significant tax benefits by deferring taxes to retirement years, potentially saving retirees substantial amounts in taxes.
Consistency is Key: Achieving millionaire status in a 401k requires consistent contributions and a long-term commitment to saving and investing.

3 Memorable Quotes:

"Why does it matter that people are becoming 401k millionaires? Well, it proves our point that wealthy people benefit disproportionately from tax breaks on retirement accounts, point blank period."
"When you're dealing with the 401k, it's about consistency and it's about longevity, having a long time horizon. And it's about your contributions."
"Financial literacy is increasing. People like you are listening to the podcast, taking advantage of these strategies, and gaining their financial freedom."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, A.B. Ridgeway dives deep into the pivotal concept of control in investing. Whether you're new to the world of finance or a seasoned investor, understanding how to master control can transform your investment strategy.

Key Takeaways

Control What You Can, Let Go of What You Can’t
- Effective investing starts with recognizing the difference between factors you can control—like your investment choices and risk tolerance—and those you can’t, such as market fluctuations and political events. Focus your energy on what you can influence and avoid letting uncontrollable factors dictate your financial decisions.
Beware of Control Bias
- Control bias can lead investors to overestimate their ability to influence outcomes. This often manifests in behaviors like obsessively monitoring investments or following ritualistic routines, which have little impact on actual returns. Understanding and mitigating this bias is crucial for making rational investment decisions.
The Balance of Control
- Finding the right balance between controlling your investments and seeking guidance is essential. Whether you choose to manage your investments yourself or work with a financial advisor, ensure you’re making decisions based on informed strategies rather than emotional reactions.
Emotional Control is Key
- Your ability to control emotions significantly impacts your financial decisions. If you can’t manage your emotional responses to market movements, you may struggle to make sound investment choices. Practice emotional discipline to improve your investment outcomes.

Memorable Quotes

"Control what you can control and confront the rest."
- This quote encapsulates the essence of managing your investments wisely. By focusing on factors within your control, you can navigate the financial market with greater confidence and clarity.
"You can't control what happens to you, but you can control how you react."
- A powerful reminder that while external factors may be beyond our reach, our responses and decisions are entirely within our control. This mindset is crucial for successful investing.
"If you can't control your emotions, you'll never be able to control your money."
- Emphasizing the importance of emotional discipline in investing. Managing your emotions helps prevent impulsive decisions that could jeopardize your financial goals.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Understanding 401(k) Contributions and Benefits

In this enlightening episode of Financial Advisors Say The Darndest Things, your host, AB Ridgeway, Certified Private Wealth Advisor, dives deep into the world of 401(k) plans. Many investors are unfamiliar with the nuances of retirement accounts, particularly the differences between an IRA and a 401(k). This episode sheds light on these topics, ensuring that you, as a savvy listener, are well-equipped to make informed decisions about your retirement savings.

Key Takeaways:

The Importance of Knowing Your Retirement Accounts: It's crucial to understand the different types of retirement accounts, including 401(k)s, IRAs, Roth IRAs, and 403(b)s. Each account type has distinct rules, benefits, and tax implications.
401(k) Contribution Limits for 2024: For individuals under 50 years old, the maximum contribution limit is $23,000. For those 50 and older, the limit increases to $30,500. These limits are adjusted annually for cost-of-living increases.
Tax Implications of 401(k) Withdrawals: Contributions to a 401(k) are made pre-tax, and taxes are only applied when withdrawals are made. All withdrawals from a retirement account are taxed at ordinary income rates, not the more favorable long-term capital gains tax rates.

Quotes from the Episode:

"Most investors don't know the difference between an IRA and a 401(k), let alone how much to contribute to one."
"All retirement accounts are not created equal. The rules for contributions and withdrawals can vary significantly."
"One decision about how you take that money out can destroy your 401(k). I've seen it happen."

Resources Mentioned:

Episode 303: Maximizing Your 401(k): Understanding Contributions, Withdrawals, and Tax Implications. Dive deeper into the specifics of 401(k) plans and how to make the most out of your retirement savings.

Be sure to subscribe to Financial Advisors Say The Darndest Things for more expert insights and tips on managing your finances wisely. Don’t miss out on future episodes that will help you secure your financial future!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Drawing from Hebrews 13:5-6 and 1 Timothy 6:10, Ridgeway discusses the difference between loving money and using it wisely. He emphasizes that while money itself is neutral, the love of it can lead us away from God’s intentions. The episode offers practical advice on contentment versus complacency and encourages listeners to focus on gratitude and divine guidance in their financial journeys.

Key Takeaways:

The Misconception About Money and Piety: Many believe that poverty is a sign of righteousness and that money is inherently evil. Ridgeway clarifies that the Bible does not condemn money itself but warns against loving it more than God. Money, in its essence, is neutral; it’s the attitude toward it that matters. It’s crucial to understand that wealth can be managed with integrity while maintaining a strong spiritual focus.
Understanding Contentment vs. Complacency: Contentment is about being thankful for what you have while striving to improve your situation within God's framework. Complacency, however, means a lack of desire for growth or change. Ridgeway emphasizes that while contentment allows for gratitude and peace, complacency can hinder progress and personal development. Financial planning should aim for growth while being content with current blessings.
Biblical Verses on Money: Hebrews 13:5-6 advises to “keep your life free from the love of money” and to be content with what you have. This verse highlights the importance of not letting the pursuit of wealth dominate your life. Ridgeway connects this with 1 Timothy 6:10, which warns that “the love of money is the root of all evil.” Both scriptures point to the need for a balanced view of money that prioritizes spiritual well-being over material gain.
The Role of Gratitude in Financial Health: Gratitude is a key component of contentment. Ridgeway reflects on the importance of being thankful for the resources and opportunities provided by God. By focusing on gratitude, individuals can maintain a positive outlook and avoid being driven by insatiable desires for more wealth. This mindset helps in managing finances with a sense of purpose and satisfaction.

Quotes:

“Money is neither good nor bad; it’s our attitude towards it that makes the difference.”
“The love of money can lead us away from God’s intentions. It’s not the money itself, but the love of it that is problematic.”
“Contentment is being grateful for what you have, while striving to grow within God’s framework. Complacency, on the other hand, hinders progress.”

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Do you have a 401k retirement plans? In this episode, we are focusing on the crucial aspects of contributions, employer matching, and the often-overlooked withdrawal process. Drawing from his years of experience as a Certified Private Wealth Advisor professional®️, A.B. Ridgeway breaks down the intricacies of 401k plans, emphasizing the importance of making informed decisions to avoid costly mistakes. This episode is packed with valuable insights and practical advice for Christian investors who want to ensure their retirement savings are both righteous and abundant.

Key Takeaways:

Understanding 401k Contributions and Employer Matching Many Christian investors miss out on free money because they don't fully understand how their 401k plan works. A 401k is not an investment itself, but a tax code for a retirement account. It’s crucial to not only contribute to your 401k but also to select appropriate investments within the plan. Employer matching is essentially free money, often equating to up to 6% of your salary, which can significantly boost your retirement savings.
Tax Advantages and Implications of 401k Withdrawals Contributions to a 401k plan are tax-deferred, meaning they reduce your taxable income in the year they are made. However, withdrawals from the account are taxed as ordinary income. A.B. Ridgeway explains how proper financial planning can help you withdraw funds in a tax-efficient manner, potentially saving you thousands of dollars in taxes during retirement.
The Consequences of Early Withdrawals Withdrawing from your 401k before reaching retirement age (59.5 years, or 55 if separated from your employer) can result in a 10% penalty, in addition to regular income taxes. This episode includes a cautionary tale of a client who made an emotional decision to withdraw early, resulting in a tax bill that wiped out nearly half of his retirement savings.
The Role of a Financial Advisor in Managing Your 401k A financial advisor plays a critical role in helping you navigate the complexities of your 401k. A.B. Ridgeway stresses the value of professional guidance to ensure your retirement savings are maximized and protected. He also discusses the importance of having a financial plan in place to avoid costly mistakes, such as unnecessary fees or poor investment choices.

Quotes:

"Your 401k is not an investment—it's a tax code that gives you a tax-advantaged retirement account."
"Employer matching is essentially free money. If you're not taking full advantage of it, you're leaving money on the table."
"The emotional decisions you make today can have long-lasting financial consequences. It's crucial to consult with a financial advisor before making any significant moves."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this enlightening episode of "Financial Advisors Save the Darndest Things," A.B. Ridgeway delves into the complex topic of accessing funds from retirement accounts during emergencies. As life throws unexpected financial challenges, many people consider tapping into their 401ks and IRAs. This episode explores the implications of the Secure Act 2.0, which permits limited withdrawals without penalties, and offers strategic alternatives to protect long-term savings.

Key Takeaways:

The Impact of the Secure Act 2.0: The Secure Act 2.0 allows individuals to withdraw up to $1,000 from retirement accounts for emergencies without facing early withdrawal penalties. However, it is essential to note that this withdrawal still incurs income taxes unless repaid. The Act also restricts these withdrawals to once a year, and a new withdrawal is permitted only after three years or upon repayment. These changes offer temporary relief but require careful consideration to avoid jeopardizing long-term financial goals.
The Pitfalls of Early Withdrawals: A.B. Ridgeway highlights the potential pitfalls of early withdrawals, which include a 10% penalty and higher taxes. For instance, withdrawing $200,000 before age 59½ can result in a loss of $20,000 due to penalties, along with additional taxes that can consume up to 40% of the withdrawal. Understanding these financial consequences is vital to making informed decisions that align with long-term retirement objectives.
Exploring Alternatives to Withdrawals: Instead of tapping into retirement savings, A.B. Ridgeway suggests exploring alternative options such as taking a 401k loan or securing a private loan at a favorable interest rate. A 401k loan allows you to borrow against your savings and repay through payroll deductions, avoiding taxes and penalties. Additionally, establishing a private loan with reasonable terms can provide the necessary funds without sacrificing future financial security.
The Importance of Financial Planning: Effective financial planning is the cornerstone of achieving long-term security and stability. A.B. Ridgeway emphasizes the necessity of living below your means and creating a financial cushion to handle emergencies without resorting to retirement savings.

Quotes:

"Sometimes it's not that we don't have money; it's that we don't have money to live the lifestyle that we want."
"An ounce of prevention is worth a pound of cure. Financial planning is crucial to avoid penalties and achieve long-term goals."
"Giving you access to more money makes them look like the good guy, but higher taxes on withdrawals can erode your financial security."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway delves into the financial and moral implications of joint accounts versus beneficiary designations. When it comes to estate planning, understanding the difference between these options can help you make informed decisions that protect your family's financial future and reflect your Christian principles.

Key Takeaways:

Joint Accounts Grant Immediate Access: A joint account allows both parties to have full access to funds at any time. While this can be convenient, it also poses risks if one party misuses the money. It's important to assess the level of trust between the parent and child and consider whether this option aligns with your values and financial goals.
Beneficiary Designations Provide Control: Designating a child as a beneficiary ensures that they receive the funds only after the parent's passing. This option offers more control over the account during the parent's lifetime, reducing the risk of premature spending. However, it may involve probate court, delaying access to the funds.
Trust and Communication Are Key: Before making a decision, parents should evaluate their trust in their child's financial responsibility and communicate their expectations clearly. This conversation can prevent misunderstandings and ensure that both parties are aligned with their values and goals.
Consider Family Dynamics: When planning for the future, it's essential to consider the impact on other family members. Naming one child as a joint account holder or sole beneficiary could cause tension among siblings. Thoughtful estate planning and clear communication can help mitigate potential conflicts.
Seek Professional Guidance: Navigating financial decisions can be complex, especially when considering tax implications and legal requirements. Consulting with a Christian financial advisor can provide valuable insights and help ensure that your choices align with your faith and financial objectives.

Quotes:

"In a joint account, each person is entitled to 100% of the account, which means full access before any passing."
"As a beneficiary, once the person passes away, the assets get transferred over, offering more control during one's lifetime."
"That's a lot of power to give someone if you don't want them to manage your assets, so consider your options carefully."

Join us in the comments section to share your thoughts on joint accounts vs. beneficiaries. Don't forget to like, comment, and subscribe for more insights on financial wisdom with a Christian perspective.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of "Financial Advisors Say the Darnedest Things," A.B. Ridgeway, your trusted Christian financial advisor, delves into the crucial topic of setting up children for financial success. A.B. answers a listener's question about how to best prepare a 2-year-old for future expenses like education. He emphasizes the importance of starting early, utilizing 529 plans for education savings, and teaching children essential money management skills.

Utilize 529 Plans for Education Savings: A 529 plan is an excellent tool for saving for your child's education. It offers tax advantages and flexibility, covering expenses from kindergarten through graduate school. Recent changes allow unused funds to be converted into a Roth IRA, ensuring that your savings continue to benefit your child even if they don't pursue traditional education paths.
Establish a Will for Financial Security: Creating a will ensures your child's financial security in the event of unforeseen circumstances. Designating a guardian to manage finances until they reach adulthood prevents potential legal complications and provides clear instructions on how your assets should be distributed, safeguarding your child's future.
Teach Money Management Skills Early: Introducing your child to banking with a child account can instill valuable money management skills. By earning, saving, and spending responsibly, children learn the importance of financial stewardship. Encouraging them to work for their money through chores fosters a sense of responsibility and diminishes entitlement.
Focus on Financial Education, Not Just Wealth Accumulation: The key to financial success is not merely accumulating wealth but learning to manage it wisely. By educating your children on avoiding common financial mistakes and making informed decisions, you equip them with the tools to navigate the financial landscape confidently and independently.

Quotes:

"The earlier you start, the less stress you'll have around money and its growth."
"A 529 plan is a powerful tool for securing your child's educational future."
"It's not about how much money they have; it's about how they manage it."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Referenced Article

In this episode of "Financial Advisors Say the Darnedest Things," host A.B. Ridgeway discusses the financial challenges faced by a 46-year-old recently divorced mother of two. With her savings reduced to $140,000 post-divorce, she wonders whether to prioritize buying a home, investing for retirement, or saving for her children’s college education. A.B. emphasizes the importance of financial planning, seeking wise counsel, and making decisions aligned with both current needs and future goals.

5 Key Takeaways:

Prioritize Your Financial Goals: It's crucial to determine what matters most—buying a home, saving for your children's college, or preparing for retirement. Focusing on your top priorities will help you create a solid financial plan that aligns with your life’s current stage.
Consider the Bigger Picture Before Buying a Home: While owning a home is a common goal, it may not be the best option immediately after a divorce. Renting might be more practical, especially considering the volatile housing market and potential changes in your life, such as moving for a new job.
Rethink College Savings: College is a luxury, not a right. Rather than shouldering the full financial burden, consider alternatives like 529 plans, which may have implications on financial aid. Empower your children to contribute by earning scholarships or grants, fostering their financial independence.
Focus on Retirement Savings: With 20 years until full retirement, maximizing your retirement contributions should be a priority. Living below your means and saving diligently will provide financial security in the long run, allowing you to navigate future uncertainties with confidence.
Heal Emotionally Before Making Major Decisions: Divorce can be emotionally draining, and your relationship with money might change. Seeking counseling and understanding your emotions can help you make better financial decisions, ensuring that your choices reflect your true needs and values.

Quotes:

"With many counselors, plans succeed; without them, they fail. Seek wise counsel in your financial journey."
"College is a luxury, not a right—empower your children to take responsibility for their education."
"Start soon, start early, and start working—46 is still young, and you have time to rebuild and thrive."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In today's episode, we visit an article by Dr. Art Rayner that discusses the seven lies teenagers believe about money. This episode is crucial for parents, grandparents, and young adults alike.

Therapists often say that how we think and act today is influenced by our upbringing. With busy work schedules and school activities, monitoring our kids 24/7 is just not feasible. Even as our children grow into adults and have kids of their own, it's impossible to oversee every aspect of their lives.

But who gets most of their time? Their friends and cell phones. These devices bombard them with overwhelming information, forcing them to learn how to process and distinguish between right and wrong. This discernment comes from discipline, responsibility, and a willingness to follow the word of God, regardless of what their friends or phones say.

One area that can create a significant gap between you and your child is money. They are developing money scripts that they carry into adulthood and pass on to their children. If they accept these scripts without questioning, we could face another generation of financial illiteracy.

The first lie is that the Bible doesn’t speak about money. This is easily refutable; the Bible contains approximately 2,000 verses about money, possessions, and stewardship.

The second lie is that money will make you happy. While money can provide temporary pleasure and meet basic needs, it doesn't guarantee long-term happiness.

The third lie is that material wealth equals real wealth. Media often portrays wealth as luxurious cars, houses, and jewelry. True wealth, however, is about being satisfied with what you have.

The fourth lie is that the decisions you make now don’t matter. Starting early with financial planning and saving can significantly impact your future financial stability.

The fifth lie is that everything will eventually work itself out. Financial security requires planning and effort, not whimsical thinking. Without planning, you might face financial insecurity in your later years.

The sixth lie is that you don’t need to know much about money. Financial literacy is crucial for managing your resources and achieving your goals. Lack of financial knowledge can lead to poor decision-making and missed opportunities.

The seventh lie is that the little money you have won’t make a difference. Even small amounts can have a significant impact when managed wisely. Understanding this can help you make better financial decisions.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

article: https://www.faithfi.com/art-rainer/7-money-lies-teenagers-are-believing-right-now-2391

FinancialAdvice, #ChristianFinance, #MoneyManagement

In this podcast, we delve into the tragic story of the Fandango founder, who was recently identified as the man who committed suicide in New York earlier this week. This heartbreaking event has shocked many and serves as a powerful reminder that wealth and success do not always equate to happiness or mental well-being.

The founder of Fandango, a major online movie ticketing service, had seemingly achieved the pinnacle of success. With a thriving business and financial stability, it appeared that he had everything one could desire. However, this tragic incident highlights the often unseen and unspoken struggles that people may face, regardless of their outward appearances.

Mental health is a critical issue that affects individuals from all walks of life. Despite his accomplishments and the public perception of his success, the Fandango founder's story underscores the importance of addressing mental health issues and the need for support systems for everyone, regardless of their socio-economic status.

In this podcast, we aim to raise awareness about the importance of mental health and the need to check in on our loved ones. It's essential to recognize that success and financial stability do not shield anyone from mental health challenges. By sharing this story, we hope to encourage open conversations about mental health and to remind people that it's okay to seek help when needed.

We also discuss the pressures and stresses that come with high-level success and how they can contribute to mental health struggles. The societal expectations and personal burdens that accompany financial success can be overwhelming, making it crucial to find healthy coping mechanisms and support networks.

Join us as we explore the life and legacy of the Fandango founder, the pressures he faced, and the financial lessons we can learn from this tragic event. This podcast is a call to action for everyone to be more aware of mental health issues and to support those who may be silently struggling. Also to recognize that money only solves money matters.

Remember, it’s essential to take care of your mental health, just as you would your physical health. If you or someone you know is struggling, don't hesitate to reach out for help. There are resources and people who care and can provide the necessary support.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

fandango #mentalhealth #wealth #god #jesus #money

In this deeply moving podcast, we discuss the recent passing of Joe "Jelly Bean" Bryant, the father of legendary basketball player Kobe Bryant. Joe Bryant's contributions to the world of basketball and his legacy are remembered and honored. His death, however, brings to light an important, yet often overlooked topic: financial planning for the inevitable.

Losing a loved one is never easy, and it can be even more challenging when dealing with the financial aftermath. This video aims to shed light on the crucial steps one should take to ensure that their financial affairs are in order. We delve into the importance of writing a will, which serves as a legal document that specifies how your assets should be distributed after your death.

Additionally, we discuss the role of appointing beneficiaries. This step is vital in designating who will receive certain assets such as life insurance policies, retirement accounts, and other financial products. Properly appointed beneficiaries can ensure that your wishes are honored swiftly and without legal complications.

The topic of financial planning for death is often uncomfortable, but it is essential for protecting your family's future. We explore the various tools and strategies available to manage this process efficiently. Beneficiaries and wills are just the beginning; we also touch upon the importance of trusts, estate taxes, and healthcare directives.

Incorporating these financial planning steps can provide peace of mind, knowing that your loved ones will be taken care of. This podcast offers actionable advice, expert insights, and real-world examples to help you navigate this complex but necessary process.

Join us as we honor Joe "Jelly Bean" Bryant's legacy and use this moment as an opportunity to educate and prepare. Ensuring that your financial affairs are in order is one of the most loving and responsible things you can do for your family. Don't miss this essential discussion on how to secure your family's future and maintain your peace of mind.

We encourage you to take notes, ask questions, and even share your experiences. Let's make financial planning for death a topic we can openly discuss and prepare for, making life's inevitable transitions a little less daunting.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

FinancialPlanning, #Legacy, #EstatePlanning, #WillWriting, #Beneficiaries, #Trusts, #PeaceOfMind

A.B. Ridgeway addresses the common financial pitfalls associated with vacation spending. He emphasizes the importance of planning and budgeting for vacations to avoid long-term debt. Ridgeway shares personal insights and professional advice on how to enjoy a well-deserved break without compromising financial health. He advocates for a proactive approach to financial planning and mental well-being, ensuring that vacations enhance life rather than serve as temporary escapes from stress.

5 Key Takeaways:

Understand the Cost of Debt:
- Many Americans are still paying off vacation-related credit card debt months after their trips. For instance, a $2,000 vacation with a 27% interest rate could end up costing an additional $300. This highlights the importance of considering the true cost of borrowing money for leisure activities.
Address the "I Deserve It" Mentality:
- The belief that one deserves a vacation due to stress can lead to impulsive financial decisions. Instead of using vacations as a temporary escape, it's crucial to address the underlying issues causing stress. This way, vacations become a reward for resolving problems rather than a way to avoid them.
Plan and Budget Thoroughly:
- Proper planning and budgeting are essential for a stress-free vacation. This includes researching costs, adding a 20% buffer for unforeseen expenses, and ensuring all current debts are paid off before incurring new ones. This method helps prevent post-vacation financial strain.
Prioritize Financial Health:
- Before planning a vacation, focus on paying off existing debts and building a savings buffer. Ridgeway recommends accumulating three to six months' worth of expenses to protect against financial emergencies. This approach ensures that vacations do not compromise long-term financial stability.
Choose Affordable Vacation Options:
- It's important to plan a vacation that fits within your financial means. Whether it's a luxurious international trip or a simple staycation, the key is to enjoy a break without incurring debt. Ridgeway emphasizes the value of aligning vacation choices with what one has genuinely earned and can afford.

Quotes:

"Think about this, what could you do with an extra $300 besides give it to a credit card company?"
"We want vacation to be a proactive response to a happy life, not a reactive response to a bad one."
"You need to get away from the 'I deserve it' myth and focus more on the 'I've earned it' reality."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Breaking news! Trump was just injured by what seems to be bullets. Here is the audio.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway explores the phenomenon of supersavers—individuals who contribute significantly to their retirement savings. He discusses the historical context of supersavers, their financial habits, and practical strategies for listeners to become supersavers themselves. Ridgeway emphasizes the importance of consistent saving, the power of living below one’s means voluntarily, and the benefits of making saving as automatic as bill payments.

Key Takeaways:

Historical Context of Supersavers: Financial crises, such as the Great Depression, the 1980s stock market crash, the dot-com bubble, and the 2020 global events, have led to generations adopting conservative saving habits. These periods of economic uncertainty have underscored the importance of financial preparedness and the role of supersavers in weathering financial storms.
Understanding Supersavers: Supersavers are defined by their ability to save more than 10% of their income, often prioritizing their financial future over immediate consumption. This disciplined approach allows them to build substantial nest eggs, ensuring financial security and the ability to maintain their lifestyle in retirement.
The Discipline of Saving: Ridgeway emphasizes that saving is a challenging yet rewarding discipline. Choosing to save means choosing a different kind of hardship—one that brings long-term benefits. Voluntarily living below one’s means is preferable to being forced into financial constraints due to lack of preparation.
Automating Savings: Just as many people automate bill payments, supersavers automate their savings. By setting up automatic contributions to their retirement accounts, they ensure consistent and disciplined saving without the need for constant decision-making. This method leverages the same convenience that leads many into debt, turning it into a powerful savings tool.
Community and Support: Engaging with a community that values saving can reinforce good financial habits. Discussing savings goals with peers, joining financial literacy groups, and attending webinars can provide valuable insights and motivation. Seeing others succeed financially can inspire and guide one’s own journey toward becoming a supersaver.

Quotes:

"Every financial tragedy has created a generation of supersavers."
"You have to choose your hard. Savings is hard, but living in debt is also hard."
"There are no microwave millionaires. Consistent contributions at a high rate over many years are key to building wealth."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway speaks about the growing trend of personal finance education in high schools. With 26 states now mandating a personal finance course for graduation, this shift could significantly enhance financial literacy among young Americans. A.B. Ridgeway explores the recently passed bill in California as a case study, examining its potential impact on future generations and discussing the broader implications for financial education in the U.S.

Growing Emphasis on Financial Literacy in Schools: The number of states requiring a personal finance course for high school graduation has surged from 8 to 26 in just four years. This rapid change reflects a nationwide recognition of the importance of financial education in preparing students for adult life.
Details of the California Personal Finance Bill: California’s new law mandates a standalone personal finance course for high school graduation starting with the 2030-31 school year. This course cannot be combined with other subjects, ensuring that students receive dedicated financial education.
Global and Historical Context of Literacy: While literacy rates have improved globally over the centuries, A.B. Ridgeway notes that financial literacy remains a critical area of growth. Historically, many societies had low literacy rates, but today’s challenge is to equip students with the financial knowledge necessary for modern economic participation.
Parental Involvement in Financial Education: Parents play a crucial role in reinforcing financial lessons learned in school. A.B. Ridgeway emphasizes that parental engagement can help bridge gaps in financial knowledge and provide practical insights that complement formal education.
Beyond Basic Financial Concepts: A single semester of personal finance education can introduce students to essential concepts like budgeting and savings. However, A.B. Ridgeway stresses that ongoing education and real-world experience are vital for achieving financial fluency and stability.

Quotes:

“There seems to be a nationwide outcry for personal finance education in the schools.” – A.B. Ridgeway
“This one semester is not going to skyrocket your child into some type of financial guru. It’s just going to be an introduction.” – A.B. Ridgeway
“Parents still need to get involved, especially if you're financially illiterate yourself. You have more experience and can help reinforce these lessons.” – A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway talks about the retirement crisis facing many Americans. Despite having checking and savings accounts, many people find themselves unprepared for retirement. Ridgeway discusses why high-yield savings accounts aren't sufficient and emphasizes the importance of early and strategic financial planning to avoid the harsh reality of working during retirement years.

Key Takeaways

Traditional Savings are Not Enough Traditional savings accounts, even high-yield ones, do not provide sufficient returns to sustain retirees. Historically, savings accounts offered about 8% interest, but modern rates have plummeted to around 0.06%. This decline has made it almost impossible for savings alone to support a comfortable retirement, making alternative investment strategies essential.
Rising Costs and Insufficient Social Security Rising living costs, including housing and medical expenses, coupled with insufficient social security benefits, have made retirement unaffordable for many. The cost of living adjustments (COLA) for social security are not keeping pace with inflation, putting retirees at risk of financial instability and forcing some to return to work.
The Reality of the Retirement Crisis Many older Americans are facing a grim reality where they cannot afford to retire. Research shows that only 10% of Americans aged 62 to 70 are financially stable in retirement. This crisis forces many to continue working or rely on family, significantly diminishing their quality of life.
Generational Wealth and Financial Planning Starting financial planning early is crucial. Saving and managing money effectively from a young age can lead to generational wealth. By preparing now, individuals can ensure a more secure future for themselves and their descendants, avoiding the pitfalls of late-stage financial planning.
Personal Stories Highlighting the Crisis The episode shares poignant stories, like that of Jane, who had to come out of retirement due to insufficient savings and mounting medical expenses. Despite a successful career, deteriorating health and inadequate financial planning led her to bankruptcy and reliance on family for housing, illustrating the widespread nature of the retirement crisis.

Quotes

"Retirement is increasingly becoming a luxury many American workers cannot afford, with rising housing costs and medical expenses."
"Historically, savings accounts used to yield about 8%, but now we're seeing interest rates at 0.06%. What kind of savings rate is that?"
"To live on social security alone nowadays is an absolute joke, especially with the rising cost of living."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway tackles the conventional wisdom of saving more and spending less as a surefire strategy for retirement. Through historical analysis and personal anecdotes, he underscores how modern financial challenges—such as high inflation, increased debt, and lower savings interest rates—demand a more nuanced approach. Ridgeway explores the pitfalls of relying solely on savings accounts and offers actionable advice on smarter investment strategies that can help secure a more stable financial future.

Historical Context of Savings: Ridgeway explains how the high-interest savings accounts of the 1980s are a thing of the past. With modern savings rates often below 0.1%, the money saved is effectively losing value due to inflation, making it critical to find better investment opportunities.
Impact of Inflation: Inflation erodes purchasing power over time. For example, candy costing $20 in 1997 would now cost $39.10. Ridgeway highlights that the same principle applies to money saved for the long term, urging listeners to consider investments that can outpace inflation.
Debt and Financial Health: The average American debt is over $104,000, which adds another layer of financial burden. High debt levels mean paying more over time due to interest, which further diminishes the effectiveness of savings as a wealth-building strategy.
Limitations of Savings Accounts: While savings accounts are useful for short-term goals and emergency funds, they are inadequate for long-term financial planning. Ridgeway recommends limiting savings to 6-9 months of expenses and using other vehicles like brokerage accounts and IRAs for long-term growth.
Importance of Strategic Investing: To combat the adverse effects of inflation and ensure sufficient funds for retirement, Ridgeway advises diversifying investments. He suggests setting up retirement accounts and brokerage accounts online, taking advantage of higher potential returns compared to traditional savings accounts.Quotes:
1. "Even when you are saving, you are losing. Saving money in a savings account was prime advice back then, but now could be the downfall of your family's legacy."
2. "A savings account is great for short-term purchases and emergency funds, but when it comes to your long-term money, you're going to have to be a lot smarter than that."
3. "Retirement accounts are easier than ever to set up. You can do it from the convenience of your own home, and there are many online options that offer better returns than savings accounts."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

AB Ridgeway delves into the recent news of Bronny James, son of NBA legend LeBron James, being drafted by the Los Angeles Lakers. This episode explores the implications of this high-profile draft pick, the potential for LeBron James' free agency decision, and the broader themes of family legacy and influence within professional sports. Ridgeway connects these themes to Christian values, emphasizing the importance of guiding and preparing the next generation.

Key Takeaways:

The Significance of Bronny James' Draft: The drafting of Bronny James by the Los Angeles Lakers is not just a sports story but a narrative of family legacy and strategic planning. LeBron James has expressed his desire to play with his son, and this draft selection could be a culmination of that dream. It’s a unique moment in sports history that highlights the blending of personal and professional aspirations.
LeBron's Influence on Team Decisions: LeBron James has a well-documented history of influencing team compositions to suit his goals. His ability to generate significant revenue and his stature in the league provide him with a unique form of power. This situation with his son being drafted by the Lakers showcases his continuing influence on NBA dynamics, reinforcing the idea that financial and personal interests often intersect in professional sports.
The Role of Nepotism in Professional Sports: Ridgeway discusses the controversial aspect of nepotism, suggesting that Bronny's draft by the Lakers might be more about family ties than merit alone. This scenario opens up a broader conversation about the ethical implications of nepotism in sports and other professional fields, encouraging listeners to think critically about fairness and privilege.
The Importance of Family Guidance: Drawing on Proverbs 22:6, Ridgeway emphasizes the importance of parents guiding their children’s paths. LeBron’s involvement in Bronny’s career is a modern-day example of this biblical principle. It showcases how parents can instill values and skills that help their children succeed in their chosen fields, blending professional mentorship with familial love.
Financial and Career Planning for the Next Generation: Ridgeway uses the James family's story to highlight the importance of preparing the next generation for future challenges. He encourages listeners to integrate their children into their work life, teaching them financial literacy and professional skills early on. This proactive approach ensures that children are well-equipped to navigate the complexities of adult life.

Quotes:

"When you control the money, you control the power, and you get to make those decisions."
"Train up a child in the way he should go and when he's old, he will not depart from it." - Proverbs 22:6
"This is going to be one of the most monumental and biggest draws in history to see LeBron James and his son play together."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway discusses the highly anticipated debate between President Joe Biden and former President Donald Trump. Ridgeway explores the implications of their economic policies, particularly on Christian financial health. He highlights the significant issue of debt plaguing many Christians and delves into practical solutions for debt management and financial literacy.

Key Takeaways:

High-Stakes Political Debate: The episode begins by setting the stage for the first in-person debate of the 2024 election cycle between President Biden and former President Trump. This debate is significant due to its unique rules and high stakes, with candidates addressing crucial issues like immigration and the economy. The format includes strict regulations such as muted microphones and no props, ensuring a focused discussion on policy.
Impact of Debt on Christians: Ridgeway emphasizes the substantial impact of debt on the Christian community. He notes that a significant portion of Christians struggle with non-mortgage debt, with some carrying burdens as high as $100,000. This financial strain affects their families, jobs, and communities, highlighting the need for better debt management and financial literacy.
Financial Literacy and Debt Management: The episode stresses the importance of financial literacy in tackling debt. Ridgeway points out that while reducing credit card fees may seem beneficial, it often leads to higher interest rates, ultimately harming consumers. He advocates for comprehensive debt reduction strategies, including paying down high-interest debts with low-yield assets to achieve a net positive financial position.
Long-Term Financial Planning: Ridgeway discusses the significance of long-term financial planning, particularly in the context of high-interest loans. He shares an example of helping a client reduce interest payments on an RV loan by reallocating assets. This approach underscores the need for a strategic plan to minimize debt and maximize financial health.
Call for Financial Education: The episode concludes with a call to action for increased financial education. Ridgeway urges listeners to prioritize understanding their finances and to seek resources, such as his blog on financial stress, to improve their financial literacy. He highlights the necessity of informed decision-making to combat the pervasive issue of debt in the Christian community.

Quotes:

"Our country is run on a democracy, not a dictatorship. So whoever is in office, there is still what they call checks and balances."
"Debt is like holding a 10-pound weight over your head. The longer we hold this debt, the harder it is to manage, and the more pain it causes in our life."
"Financial literacy is at an all-time low in this country. When you're paying $400 for something that only costs $200, it's clear that we need to understand our finances better."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Using the example of the rivalry between WNBA stars Caitlin Clark and Angel Reese, he explores how financial disparities and societal expectations shape perceptions and behavior in sports. Ridgeway connects these issues to a biblical perspective, referencing 1 Timothy 6:10 to discuss the moral implications of the love of money.

The Love of Money and Evil: Ridgeway emphasizes that 1 Timothy 6:10 is often misquoted, clarifying that it's the love of money, not money itself, that is the root of all kinds of evil. This distinction is crucial, as it focuses on the individual's intent and actions regarding wealth, rather than the wealth itself. Money can be used for good or bad, depending on the holder's character.
WNBA Pay Gap and Financial Struggles: The WNBA's financial challenges highlight broader issues of gender inequality in sports. Despite the excitement and talent displayed by players like Caitlin Clark and Angel Reese, the league has struggled to turn a profit. Ridgeway points out that both men and women watch men's sports more, suggesting a need for a cultural shift in support for women's sports.
Marketing and Merchandise Issues: Effective marketing is crucial for the WNBA's growth. Ridgeway notes the missteps in merchandise sizing and marketing strategies that fail to target the right audience. The success of individual players in generating revenue underscores the importance of marketability and personal branding in sports.
Racial and Social Dynamics: The rivalry between Clark and Reese is often framed in racial terms, which Ridgeway argues is a distraction driven by media narratives seeking drama. He suggests that the real issue is talent and marketability, not race, and that creating racial tension is a strategy to drive viewership and engagement, albeit an ethically questionable one.
The Role of Talent and Performance: Ultimately, Ridgeway argues that talent and performance should drive viewership and financial support in sports. He compares the excitement of high-level competition, as seen in men's sports, to the fundamental but less flashy gameplay in women's sports, advocating for recognition based on merit rather than manufactured drama.

Quotes

"Money is a reflection of the holder. If you're a good person, you do good things with money. If you're a bad person, you do bad things with your money."
: "Why aren't women watching women's sports, supporting them, wearing their jerseys, wearing their shoes? We need to create a cultural shift to support our female athletes."
"They're sacrificing the image of these two young ladies for money, turning them into a good versus evil storyline. This isn't about race; it's about talent and the need for drama to sell stories."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

With billions of dollars sitting unclaimed in state treasuries, you could be missing out on money that rightfully belongs to you. On this episode, I break down the process of finding and claiming this money and offering practical steps to ensure you're not leaving any of your financial assets behind. Tune in to learn how to secure your financial future and recover what’s yours.

Key Takeaways:

Understanding Unclaimed Property: Unclaimed property refers to money or assets owed to you by businesses, financial institutions, or the government that you haven't collected. This can include forgotten bank accounts, uncashed checks, or insurance refunds. Knowing how to search for and claim this property can significantly enhance your financial well-being.
State-Specific Searches: Each state in the U.S. has its own unclaimed property website. If you've lived in multiple states, it's crucial to check each one. Be wary of scams; always look for official government websites with ".gov" extensions to ensure you're accessing legitimate information.
Simple Claiming Process: Claiming your unclaimed property is straightforward. Start by searching your state's unclaimed property website, entering your personal information, and following the verification steps. Documentation to prove your identity and address will be required, but the process is generally quick and user-friendly.
Regular Checks Are Beneficial: Regularly checking for unclaimed property can be beneficial. Even small amounts like refunds from misspelled names or incorrect addresses can add up. Jimmy recommends making this a yearly habit to ensure you’re not missing out on any potential funds.
Financial Planning Importance: Incorporating unclaimed property searches into your financial planning can reveal overlooked assets and prevent future losses. By understanding and managing your finances thoroughly, you can maximize your financial health and ensure you're not leaving money on the table.

Quotes:

"If a business, financial institution, or government owes you money that you did not collect, this is considered unclaimed money or property."
"Each state has different URLs, but it should contain the state name or abbreviation with the extension G O V."
"To claim your property is very simple. You enter your contact information like your name, address, birthday, social security number, and verify that it is actually you."

For more detailed instructions and step-by-step guidance, visit our blog at www.abrwealthmanagement.com/blog. Make sure to share this episode with friends and family to help them reclaim their unclaimed property too!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

We all are going to die. But not all of us are preparing our families for it. And that is just sad. Because they need you to have your affairs in order. Or they will have to carry that burden on top of their already hard life, including losing someone so special to them.

So preparing for death is not just spiritual, but also financial. Preparation can help to avoid leaving behind a legacy of chaos and conflict. Ridgeway shares a poignant story about a family torn apart due to lack of proper financial planning, highlighting the necessity of having an estate plan, medical directives, and appointing trustworthy executors.

Importance of Estate Planning
- Estate planning is crucial to avoid family disputes and ensure your wishes are respected. Without a clear plan, your family might face legal battles and emotional stress. Ridgeway's story of a family conflict underscores how a lack of preparation can lead to broken relationships.
Medical Directives and End-of-Life Decisions
- A medical directive is a vital component of an estate plan. It provides clear instructions on medical interventions in case of severe illness. This can prevent unnecessary stress and disagreements among family members during difficult times, ensuring that your medical wishes are honored.
Appointing a Trustworthy Executor
- The power of attorney ceases at death, making it essential to appoint an executor. This person will handle your estate according to your wishes. Ridgeway highlights that this role often falls to a spouse or close family member, but choosing the right person can prevent future conflicts and ensure smooth execution of your estate.
Educating and Preparing Successors
- Preparing your heirs to manage their inheritance is crucial. Ridgeway suggests educating them about financial management to avoid squandering the estate. This preparation helps ensure that your legacy is preserved and that your heirs are capable of handling their newfound responsibilities.

Quotes

"If you don't do these three things before you die, you may give birth to a generation of sin including lying, stealing, and even death."
"Estate planning usually comes with what they call a medical directive. In that medical directive, you tell the doctors what to do in certain medical situations."
"When you make someone a beneficiary, think about this: you don't have to notify them of the amount. You could just put them on the policy or bank account, but be careful because depending on the account and how they are listed, you may be giving them more assets than you feel comfortable with."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Today we discuss the recent proposal by the US Treasury Department to close a major tax loophole for wealthy taxpayers, aiming to raise $50 billion over the next decade. He emphasizes the importance of understanding the true impact of such policies and the division they create among citizens. Ridgeway critiques the government's approach and encourages listeners to seek financial wisdom and unity in their Christian faith.

Understanding Tax Loopholes:
- The US Treasury's proposal targets the practice of partnership bias shifting, where assets are moved among related parties to avoid taxes. This method has become common due to years of underfunding the IRS, resulting in less oversight of wealthy individuals. By closing this loophole, the government hopes to raise significant revenue, but it also highlights the imbalance in tax audits focused more on the average citizen.
Division and Hierarchy:
- Drawing parallels with the Willie Lynch letter, Ridgeway discusses how division and hierarchy are used to control and manipulate. He warns against falling into the trap of viewing the wealthy as enemies and stresses that such divisions distract from addressing the real issues. Unity and understanding are key to overcoming these societal divides.
Christian Perspective on Wealth:
- As Christians, Ridgeway urges listeners to consider how they view wealth and taxes. He emphasizes that being rich in spirit and righteous in action should be the focus, rather than harboring resentment towards the wealthy. Understanding and compassion are essential in navigating financial and social issues.
Taking Advantage of Legal Tax Strategies:
- Ridgeway highlights the importance of utilizing legal tax strategies, such as contributing to IRAs and 401(k)s, to reduce taxable income and save money. These strategies are available to everyone, not just the wealthy. He encourages listeners to educate themselves or consult professionals to maximize their financial benefits and ensure they are not unfairly burdened by taxes.

Quotes

"The government wants you to believe the wealthy are the enemy, but in reality, the real issue is how the government misappropriates the taxes they collect."
"We are in an era of tribalism where if you are not like us, you are the enemy. And I am pretty much sick of it."
"As Christians, we need to focus on being rich in spirit and righteous in action. There is only one side that matters—God's side."

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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AB Ridgeway returns from a brief hiatus to share exciting updates and improvements to the podcast and website. He emphasizes the goal of the podcast: to teach listeners to be rich in spirit and righteous in action, regardless of their financial status.

Ridgeway discusses the importance of making financial information easily accessible and announces new resources, such as blogs and downloadable financial planning tools.

Key Takeaways

Improved User Experience: AB Ridgeway has been working diligently to enhance the podcast and website experience. The goal is to make financial information accessible and actionable, whether you're listening on Apple Podcasts, Spotify, or the website. The updated site now includes blogs, tools, and resources to complement each episode, providing a comprehensive learning experience.
Balancing Life and Finances: Ridgeway highlights the common struggles of busy executives and parents, such as balancing work and family life. Through practical examples, like choosing a family-friendly vehicle, he emphasizes that financial decisions should align with personal and familial needs, regardless of income level.
Actionable Financial Planning: The podcast stresses the importance of breaking down complex financial plans into manageable steps. Ridgeway suggests focusing on three immediate actionable items to avoid feeling overwhelmed. This approach helps clients make steady progress towards their financial goals.
Educational Resources: To support listeners' financial journeys, the podcast offers various free resources on the website, including investment review guidelines and decision-making flowcharts. These tools are designed to empower individuals to make informed financial decisions independently.
Community Engagement: Ridgeway encourages listener feedback and interaction. By commenting, sharing, and engaging with the content, listeners not only improve their own financial literacy but also help shape the direction of the podcast. This community-driven approach ensures the content remains relevant and valuable.

Quotes

"My goal of this podcast is to teach you how to be rich in spirit and righteous in action at any income level."
"No matter how much money that you have, inflation affects everyone... policies that are passed by our nation can affect everyone, good or bad."

🌍 New Website: https://www.abrwealthmanagement.com/podcast

⛪Free Christian Resources: https://www.abrwealthmanagement.com/financial-planning-resources

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of "Financial Advisors Say the Darnedest Things," host AB Ridgeway explores the concept of wealth and what it truly means to be rich. He challenges listeners to rethink their perceptions of money and self-worth, emphasizing that the idea of being "rich" is highly subjective and influenced by our backgrounds and environments. Ridgeway also delves into the importance of aligning one's financial goals with their values and the potential pitfalls of idolizing wealth over character.

Key Takeaways

Wealth is Subjective: The concept of being rich varies significantly depending on personal experiences and upbringing. For instance, someone from a low-income background might see $1 million as a fortune, while a child of a wealthy entrepreneur might view it merely as a business loan. Understanding that wealth is subjective helps us realize that there's no universal standard for being "rich."
Comparison and Self-Worth: People often compare their wealth to those around them, affecting their self-worth. Ridgeway points out that we tend to measure ourselves against our immediate peers, not against billionaires like Elon Musk. This comparison can lead to unnecessary feelings of inadequacy and stress.
Levels of Wealth Perception: Ridgeway describes three levels of wealth perception: those who don't recognize luxury, those for whom luxury is the norm, and those who have transcended materialism. Each level brings different social interactions and expectations, highlighting that true contentment comes from within rather than external validation.
The Symbolism of Wealth: Material possessions like cars or houses often serve as symbols of success, but their value is highly dependent on the observer's perspective. Ridgeway uses the example of a luxury car to illustrate how different people perceive wealth differently based on their familiarity and personal context.
Aligning Wealth with Values: It's crucial to ensure that the pursuit of wealth aligns with one's values and character. Money should be a tool to enhance one's life and the lives of others, not an end in itself. Ridgeway emphasizes the importance of ethical wealth accumulation and using money for positive impact.

Quotes

"The idea of being rich or even feeling rich is subjective. What seems like a lot of money to one person might be just a starting point for another."
"We tend to attach our self-worth to those we feel most connected to. If our neighbor makes more money, we might feel less valuable, but we don't compare ourselves to billionaires."
"True wealth isn't about the amount of money you have; it's about how you use it to improve your life and the lives of others. Money should be a supplement to your character, not a substitute."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of Financial Advisors Say The Darndest Things, host AB Ridgeway guides listeners through the process of hiring a Christian financial advisor. The discussion emphasizes the accessibility of financial advisors to people of all income levels and delves into the specifics of different types of advisors, the importance of identifying personal financial needs, and how to choose the right advisor for those needs. Ridgeway also highlights the unique value of Christian financial advisors who align financial planning with biblical principles.

Key Takeaways

Financial Advisors for Everyone Financial advisors aren't just for the wealthy; people of all incomes can benefit from their services. They assist with a variety of financial planning needs such as debt management, savings, and investment strategies. Understanding that these services are accessible can empower more individuals to seek professional advice to reach their financial goals.
Identifying Your Financial Needs Before hiring a financial advisor, it's crucial to identify your top financial issues. Whether you're worried about retirement, managing investments, or charitable giving, knowing what you need help with will guide you to the right type of advisor. Writing down your primary concerns can clarify whether you need a simple financial coach or a more complex advisor.
Types of Financial Advisors There are various types of financial advisors, including fee-only advisors, investment advisors, and Christian financial advisors. Fee-only advisors are paid directly by clients and have a fiduciary responsibility to act in their best interest. Christian financial advisors integrate faith-based principles into their advice, avoiding investments that conflict with Christian values.
Understanding Financial Advisor Costs The cost of working with a financial advisor varies based on your financial situation and the services you need. Those with less than $100,000 might benefit from a one-time financial plan, while those with more substantial assets might seek ongoing advisory services. It's also possible to find pro bono financial planning services through organizations like the Financial Planning Association.
The Role of Technology in Financial Advising Online financial advisors offer the convenience of remote services, allowing clients to work with advisors across different states without the need for travel. This can be especially beneficial for families spread across various locations. While there is a learning curve with technology, modern tools like Zoom and DocuSign facilitate seamless interactions and document management.

Quotes

"A financial advisor is not a luxury only reserved for the ultra-wealthy. Investors of all incomes can work with a financial advisor."
"Writing down your top three issues you want to solve will help you decide which financial advisor you need or if you even need a financial advisor at all."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary:

In this episode AB Ridgeway reflects on the retirement of Pat Sajak after 41 years of hosting "Wheel of Fortune." Ridgeway discusses the implications of Sajak's departure and the broader themes of retirement, identity, and financial preparedness.

End of an Era in Television:
- Pat Sajak's retirement marks the end of an iconic era in television history. Hosting "Wheel of Fortune" since 1981, Sajak has been a fixture in American homes, making his departure a significant cultural moment.
- The transition to Ryan Seacrest is a reminder of the inevitability of change, even in long-standing traditions. This shift reflects broader trends in the entertainment industry where legends are succeeded by new faces.
The Complexity of Retirement Decisions:
- Retirement is not just about financial readiness but also emotional and identity considerations. Sajak's decision to retire at 77 underscores the complexity of such a life transition.
- Many individuals, including celebrities like Sajak, find it challenging to step away from a career that has defined them for decades. This episode highlights the importance of preparing mentally and emotionally for retirement, not just financially.
Financial Preparedness and Planning:
- AB Ridgeway emphasizes the critical need for comprehensive financial planning to ensure a comfortable retirement. This includes updating beneficiaries, managing assets, and understanding tax implications.
- The episode advises listeners to prepare for retirement early, highlighting the risks of inadequate savings and the potential financial struggles that can arise without proper planning.
Navigating Post-Retirement Life:
- Adjusting to life after retirement involves several stages, including the honeymoon period, potential regret, and eventually redefining one's identity. Sajak's journey serves as a case study for these phases.
- The episode suggests that retirees engage in meaningful activities and hobbies to fill the void left by their professional careers. This helps maintain mental and emotional well-being during retirement.
Legacy and Ethical Will:
- Ridgeway discusses the importance of leaving an ethical will, which includes sharing stories, values, and experiences with loved ones. This ensures that the legacy goes beyond material wealth.
- For public figures like Sajak, documenting their journey through autobiographies or documentaries can preserve their legacy and inspire future generations.

Quotes:

"How many times have we dedicated our lives and our ambitions to one organization only to be turned away by their own personal agendas?"
"Creating a life that you don't have to take a vacation from is a goal we should all strive for."
"When will you stop working? Is your family prepared for when you stop? Do you have your finances in order?"

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Summary: In this episode, host AB Ridgeway, a Christian Financial Advisor, delves into the importance of family unity in financial planning and the role of communication in preserving wealth across generations. AB shares personal anecdotes and real-life stories to illustrate the impact of collective family efforts and the dangers of communication breakdowns. Listeners will gain insights into how giving as a family can strengthen bonds and ensure a lasting legacy.

Key Takeaways:

The Power of Collective Responsibility: AB highlights how dividing household responsibilities among family members, like children doing chores, benefits everyone and teaches valuable life skills. When each family member contributes, it creates a sense of unity and shared purpose, making the family more cohesive and efficient.
Communication is Key to Preserving Wealth: One of the biggest threats to wealth is not poor investment decisions but a lack of communication between generations. AB shares a cautionary tale of an elderly woman whose $4 million estate was squandered due to a lack of clear instructions and open dialogue with her heirs.
Involving Children in Giving: Teaching children about the importance of giving and involving them in the decision-making process can instill lasting values. AB stresses that children should understand the family's philanthropic goals and the reasons behind them, which helps ensure they carry on the legacy responsibly.
Establishing Values Over Organizations: Family values should guide philanthropic efforts rather than specific organizations, as organizations and their policies can change over time. By focusing on core values, families can adapt their giving strategies as needed while maintaining their foundational principles.
The Impact of Personal Experiences on Giving: Personal experiences, such as AB's family's struggle with Alzheimer's, can significantly influence one's charitable priorities. AB encourages listeners to share their motivations for giving with their children to foster a deep, personal connection to the family's philanthropic mission.

Quotes:

"The family that gives together, stays together." - AB Ridgeway
"Communication breakdowns, not bad investments, are the biggest threat to preserving wealth across generations." - AB Ridgeway
"Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God." - Hebrews 13:16

If you found this episode helpful, please like, comment, and share. Don't forget to subscribe and hit the bell icon to stay notified of our latest content. Let's build a future where faith and finance walk hand in hand!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Embrace the Beauty of Fleeting Moments | Financial Advisors Say the Darndest Things

Join AB Ridgeway, the host of "Financial Advisors Say the Darndest Things" and his mom's favorite Christian financial advisor, as he shares profound insights from a famous TV judge reflecting on life during his final hours. In this heartfelt episode, AB explores the concept of fleeting moments and the importance of living a life true to oneself.

💡 Key Takeaways:

Cherish the Small Moments: Life is a series of fleeting moments that we often overlook. By slowing down and being present, we can appreciate the small, beautiful gifts life offers every day.
Mindfulness Matters: Embracing mindfulness allows us to find peace, joy, and fulfillment in the present moment. These moments of awareness help us connect more deeply with life.
Life is a Self-Assignment: We are responsible for deciding what brings us fulfillment and happiness. Don’t let societal pressures dictate your path.
Live Authentically: Avoid the burden of external pressures and lead a life that aligns with your true values and desires.
The Journey of Becoming: It's not just about the destination or the journey, but about the person you become along the way.

📖 Quotes to Reflect On:

"Life is simply a series of fleeting moments. If I'm too worried, hurried, obsessed, or depressed, I'm going to miss all of these small, beautiful, momentary gifts that life gives us every day."
"Let's pause, observe, and immerse ourselves in the beauty of every fleeting moment. For I believe it is in these moments where we will find peace, and joy, and fulfillment."
"Life is a self-assignment. The things that we want to accomplish in this life are up to us. We decide what brings us fulfillment, not necessarily society."

Don't miss this thought-provoking episode with AB Ridgeway. Embrace the fleeting moments and discover the true joy and fulfillment life has to offer. 🌟

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," host AB Ridgeway uncovers a deceptive practice by mortgage companies that prevents homeowners from saving on interest. As a Certified Private Wealth Advisor®️ professional, AB shares his insights and offers actionable advice to help you navigate these challenges and save money on your mortgage. Tune in to learn how to protect your financial future from these unscrupulous tactics.

Key Takeaways:

Mortgage Company Tactics: AB Ridgeway exposes how mortgage companies make it difficult to switch from monthly to bi-weekly payments. This strategy forces homeowners to pay more in interest over the life of the loan. He highlights the deliberate obstacles set by companies to keep you paying more.
Understanding Unapplied Funds: AB explains the concept of unapplied funds, where mortgage payments are held in a separate account until the full amount is received. This tactic prevents partial payments from reducing the principal, causing homeowners to accrue more interest unnecessarily.
The Importance of Principal Payments: Making principal-only payments is crucial. AB advises homeowners to take control by manually making extra payments toward the principal. This reduces the total interest paid over the loan’s term and accelerates mortgage payoff.
Challenges with Bi-Weekly Payments: Switching to bi-weekly payments can be beneficial, but mortgage companies often create barriers. AB recounts a client's struggle with this process, including issues with account numbers and additional documentation, underscoring the need for persistence.
Strategies to Save on Your Mortgage: AB shares practical steps to overcome these challenges, such as making one extra payment per year or dividing your monthly payment by 12 to add to each monthly payment. These methods can significantly reduce the interest paid and shorten the loan term.

Quotes:

"Mortgage companies are lying about your mortgage payment and they're taking money right out of your pocket."
"The reason we have bi-weekly payments is because every dollar that goes to principal doesn't accrue interest."
"How greedy can you get that you limit how people pay you so you can make more money?"

For more insights and to schedule a consultation with AB Ridgeway, visit our website. Let's take control of your financial future together!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of "Financial Advisors Say the Darnedest Things," host A.B. Ridgeway dives deep into the often unspoken challenges of retirement. While many dream of endless vacations and leisure, the reality can be starkly different. A.B. explores the stages of retirement, emphasizing the importance of planning and staying engaged to avoid the pitfalls of boredom, anxiety, and depression. Tune in to learn how to navigate retirement with purpose and fulfillment.

Key Takeaways:

The Illusion of Retirement Bliss: Retirement is often seen as a reward for decades of hard work, filled with relaxation and freedom. However, without a solid plan, this period can quickly become overwhelming and lead to unexpected emotional and mental health challenges. It's crucial to prepare not just financially, but also mentally and emotionally.
The Honeymoon Phase: The initial stage of retirement, known as the honeymoon phase, is characterized by the excitement of newfound freedom and leisure activities. This period can be enjoyable but is often short-lived. Financial advisors need to help clients understand that this phase will transition and should plan accordingly to avoid financial pitfalls.
Hitting the Wall: After the honeymoon phase, retirees may experience a sense of boredom and lack of purpose. This "hitting the wall" stage can lead to depression and unhealthy coping mechanisms like substance abuse. It's essential for retirees to find new hobbies, engage in social activities, and maintain a sense of purpose.
Redefining Identity: Retirement requires a redefinition of one's identity, shifting from a career-focused life to finding new roles and passions. This can be a time of personal growth and fulfillment if approached with a proactive mindset. Activities, volunteering, and continuous learning can play significant roles in this redefinition.
The Importance of Social Connections: Maintaining strong social connections is vital for a happy and healthy retirement. Engaging with family, friends, and community activities provides emotional support and helps combat feelings of isolation and loneliness. This social engagement can significantly impact overall well-being and longevity.

Quotes:

"Retirement is often seen as the answer to all of your life's problems, but without a solid plan, it can lead to bouts of boredom, anxiety, and even depression."
"The goal is to retire and to stay retired, not to rely on a company to support your lifestyle. Work if you choose to work, and fellowship when you choose to fellowship."
"Your job is supposed to be a place where you use your skills to gain money to fund your personal life, not to give them the best years of your life while waiting to finally have some fun later."

For more insights and personalized financial planning, don't hesitate to book a consultation. Let's ensure your retirement is not just financially secure but also fulfilling and joyous. Click the link in the description to get started!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, host AB Ridgeway dives into the essential components of Christian investing, distinguishing it from traditional financial planning. He outlines the four pillars of Christian investing: debt management, savings, investing, and wealth transfer. Emphasizing the spiritual and practical aspects, AB Ridgeway guides listeners on how to build a robust financial foundation while aligning their investments with their Christian values.

Debt Management: Managing debt is a continuous process that lays the groundwork for a Christian financial plan. Understanding interest rates and loan terms is crucial to avoid overpaying. For example, using a credit card with a 20% interest rate means a $1 hamburger could end up costing $1.20 if not paid off immediately. This principle applies to larger debts like mortgages, emphasizing the importance of prudent borrowing.
Savings: True savings isn't about finding deals but about preserving today's purchasing power for future needs. AB Ridgeway highlights that Americans often spend tomorrow's dollars today, which undermines their financial stability. He advocates for maintaining six to nine months of emergency savings to handle unexpected expenses like job changes or natural disasters, ensuring long-term financial security.
Investing: Before investing, it's essential to address debt and build savings. Without this foundation, the risks of losing invested money can jeopardize financial stability. Once ready to invest, individuals should seek professional advice to navigate options like 401(k)s, IRAs, and brokerage accounts. A Christian financial advisor focuses on prudent decision-making that aligns with personal values and spiritual goals.
Wealth Transfer: Proper estate planning is essential to pass on financial and spiritual legacies. Creating clear documentation, like wills and medical proxies, ensures that your wishes are honored and prevents disputes among heirs. This preparation helps maintain the continuity of core beliefs and values across generations, mirroring the biblical tradition of passing down wisdom.
1. "Money does cost. How much does your dollar cost? If you put a hamburger on your credit card and don’t pay it off, it costs you $1.20 instead of $1."
2. "Saving money is taking your purchasing power today and pushing it into the future to use if needed. Spending tomorrow’s dollars today is destroying your financial plan."
3. "Anyone who does not provide for their relatives, especially their own household, has denied the faith and is worse than an unbeliever." (1 Timothy 5:8)

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📖 Download a copy of the 4 Pillars of Christian Finances

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of "Financial Advisors Say the Darndest Things Podcast," host A.B. Ridgeway welcomes Nic Nielsen, CFP®️, a financial planner specializing in helping executives manage their stock options and organize their life. Nic shares his journey from a bank teller to a CERTIFIED FINANCIAL PLANNER, offering insights into the financial challenges and opportunities faced by professionals.

Key Takeaways:

Navigating Stock Options:

Managing stock options can be daunting for sales executives, especially with the risk of making wrong moves that could jeopardize their retirement plans. Nic emphasizes the importance of having a clear, concise financial plan to make informed decisions about stock options. Utilizing a certified financial planner can help in understanding and optimizing these assets.

The Power of Financial Planning:

Financial planning goes beyond just managing investments; it involves creating a holistic strategy that encompasses all aspects of personal finance. Nic’s transition from a chemical engineering major to a financial advisor was driven by the realization that understanding money management is crucial for long-term financial stability and helping others achieve their financial goals.

Lessons from the Banking Industry:

Working as a bank teller provided Nic with unique insights into people's spending and saving habits. Observing the various ways customers handled their finances gave him a foundational understanding of financial behaviors, which proved invaluable in his career as a financial planner. This experience highlighted the importance of grassroots financial education.

Financial Mistakes to Avoid:

Nic discusses common financial mistakes made by sales executives, such as not diversifying investments and failing to plan for taxes on stock options. He offers a resource guide titled "Seven Money Mistakes Every Sales Executive Should Avoid," which is essential for anyone looking to avoid pitfalls and achieve financial success.

Unexpected Career Influences:

A pivotal conversation with his grandfather steered Nic towards financial planning. His grandfather's advice that understanding money would ensure job security and the ability to help others profoundly impacted Nic's career choice. This underscores the importance of mentorship and guidance in shaping one's professional path.

Quotes:

"If you understand how money works, you'll probably always have a job, you'll be able to take care of your family, but most importantly, you'll be able to help other people." - Nic Nielsen, CFP®️

"Financial planning isn't just about managing investments; it's about creating a comprehensive strategy that covers all facets of your financial life." - A.B. Ridgeway, CPWA®️

"Being a bank teller exposed me to how people get money into the bank, their spending habits, and the different ways they handle their finances, which was invaluable in my career as a financial planner." - Nic Nielsen, CFP®️

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Today we dive into the surprising bankruptcy filing of Antonio Brown, unpacking the nuances of Chapter 11 bankruptcy and its implications for individuals like Brown who own multiple businesses. Ridgeway highlights the importance of understanding the distinction between Chapter 11 and Chapter 13 bankruptcies and discusses how Chapter 11 can serve as a strategic financial move rather than a sign of financial ruin.

Key Takeaways:

Understanding Chapter 11 Bankruptcy: Ridgeway explains that Chapter 11 bankruptcy, unlike the common perception of financial ruin, offers individuals and businesses a chance to reorganize and renegotiate their debts without necessarily liquidating assets or shutting down operations. This allows for a strategic restructuring of finances to protect business interests and facilitate a manageable repayment plan.
Differentiating Chapter 11 and Chapter 13: By outlining the key differences between Chapter 11 and Chapter 13 bankruptcies, Ridgeway emphasizes that Chapter 11 is typically chosen by individuals or businesses with higher debt levels and provides more flexibility in restructuring debt obligations. This distinction is crucial for understanding Antonio Brown's decision to file for Chapter 11 bankruptcy.
Strategic Financial Management: Ridgeway suggests that Antonio Brown's bankruptcy filing may not necessarily reflect poor financial management but rather a strategic business decision aimed at protecting his assets and restructuring his financial obligations. By filing for Chapter 11 bankruptcy, Brown can potentially navigate financial challenges while maintaining control over his businesses.

Quotes:

"Bankruptcy chapter 11 is like a renegotiation of debt. It gives the filer the opportunity to downsize, perform layoffs, and get things in order without diving deeper into debt."
"Chapter 11 bankruptcy offers individuals and businesses a chance to reorganize and renegotiate debts, protecting business interests while facilitating a manageable repayment plan."
"Filing for bankruptcy isn't always a sign of mismanagement. It can be a strategic business decision aimed at protecting assets and restructuring financial obligations."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Chapter 11 vs Chapter 13

https://www.investopedia.com/ask/answers/061815/what-are-differences-between-chapter-11-and-chapter-13-bankruptcy.asp#:~:text=Chapter%2011%20can%20be%20done,also%20having%20specific%20debt%20limits.

Masslive Article

https://www.masslive.com/patriots/2024/05/im-broke-ex-patriots-flame-out-claims-hes-filing-for-bankruptcy.html

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," host A.B. Ridgway delves into the unsettling reality of how our phones seem to predict our desires and actions, raising questions about privacy, consent, and the power of advertising algorithms. By dissecting the mechanisms behind targeted ads and personalized content, Ridgway explores the implications for individuals, particularly those in vulnerable financial situations.

Key Takeaways:

Algorithmic Influence: Ridgway exposes the influence of algorithms in shaping our conversations and preferences, highlighting how our online activities generate detailed consumer profiles. This underscores the importance of understanding the digital ecosystem and being mindful of the information we share.
Data Brokerage and Advertising: The episode elucidates the intricate process of data brokerage and real-time bidding in advertising, emphasizing how personal data fuels the economy of the internet. It prompts reflection on the commodification of user information and its impact on privacy rights.
Vulnerability to Manipulation: Ridgway warns against the exploitation of vulnerable individuals by advertisers targeting them with offers related to debt relief or get-rich-quick schemes. Recognizing one's susceptibility to such tactics is crucial for making informed financial decisions and seeking objective advice.
Role of Financial Advisors: The importance of seeking guidance from unbiased financial advisors is emphasized, particularly in navigating complex financial landscapes. Ridgway advocates for professional assistance in developing personalized financial plans tailored to individual circumstances.
Community Engagement: The episode concludes with a call to action for viewers to engage with the content by liking, commenting, and sharing, thereby amplifying the reach of Christian counsel on financial matters and fostering a supportive community.

Quotes:

"Our phones seem to predict our desires with uncanny accuracy, raising concerns about privacy and the power of advertising algorithms."
"In the digital age, our online activities generate detailed consumer profiles, fueling the economy of the internet."
"It's crucial to recognize vulnerability to manipulation and seek objective financial advice to make informed decisions."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgeway provides a quick message about God and Money. We cannot serve two masters. So what do we do? In this episode, A.B. Ridgeway shares how he deals with loving God but also accumulating wealth.

god #money #podcast #stewardship

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Summary:

In this riveting episode of "Financial Advisors," host A.B. Ridgeway delves into the controversy surrounding Candice Owens' departure from Daily Wire, sparking a heated debate about free speech and corporate accountability. With piercing insights and candid commentary, Ridgeway unpacks the intricacies of the situation, urging listeners to seek truth amid the cacophony of legal maneuvers and public scrutiny.

Key Takeaways:

The Power of Transparency: Ridgeway underscores the importance of transparency in corporate decision-making, particularly regarding personnel matters. Candice Owens' departure has raised questions about accountability and integrity within Daily Wire, highlighting the need for organizations to uphold their values and principles in the public eye.
Defending Free Speech: The episode sparks a dialogue about the fundamental right to free speech and its implications in the digital age. Ridgeway emphasizes the need for robust discourse and intellectual diversity, urging listeners to champion free expression while remaining vigilant against censorship and suppression of dissenting voices.
Navigating Legal Complexities: Through the lens of legal jargon and contractual obligations, Ridgeway unpacks the intricacies of Candice Owens' departure, shedding light on the legal maneuvers and confidentiality agreements that often accompany high-profile disputes. This segment prompts reflection on the balance between legal compliance and ethical responsibility in corporate governance.
The Quest for Truth: Amid conflicting narratives and sensationalized headlines, Ridgeway encourages listeners to discern truth from speculation and misinformation. Drawing upon biblical wisdom from Proverbs 12:22, he reaffirms the principle that "lying lips are an abomination to the Lord," advocating for discernment and integrity in the pursuit of truth.
Staying Informed: As the episode concludes, Ridgeway invites listeners to stay informed and engaged with current events, offering a promise to provide factual updates and insights on matters of faith, finance, and society. By subscribing to "Financial Advisors," listeners gain access to a trusted source of information and analysis rooted in biblical principles.

Quotes:

"Lying lips are an abomination to the Lord, but those who act faithfully are in his delight." - Proverbs 12:22
"If you're on the side of right, you don't have to be loud. The truth will come to light."
"Make sure that you subscribe so you stay up to date on current events about God, about faith, and about money."

Tune in to this thought-provoking episode for a nuanced exploration of ethics, accountability, and the pursuit of truth in today's media landscape. Subscribe now to "Financial Advisors" for insightful commentary and biblical wisdom on pressing issues facing society today.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors, Say the Darnedest Things," the host delves into the common misconception of investing before managing debt, using Dave Ramsey's principles as a guide. Listeners learn about the importance of debt management and the two main strategies: the debt avalanche and the debt snowball. Through insightful commentary and practical examples, the host emphasizes the significance of addressing debt effectively before diving into investments.

Key Takeaways:

Debt Management is Key: The episode underscores the importance of prioritizing debt management over investing, especially when facing substantial debt burdens. By addressing debt head-on through strategic planning, individuals can lay a solid foundation for financial stability and future investments.
Understanding Debt Reduction Strategies: The host discusses two primary debt reduction strategies—the debt avalanche and the debt snowball. While both approaches have merits, understanding their differences and choosing the one that aligns with personal financial goals is crucial for success.
Behavioral vs. Mathematical Approaches: A debate arises regarding whether debt is primarily a behavioral or a mathematical problem. While Dave Ramsey emphasizes behavioral change, the host argues for the significance of mathematical precision in debt management, highlighting the need for a balanced approach.
Tailoring Strategies to Personal Situations: The episode advises listeners to assess their individual financial situations when selecting a debt reduction strategy. Factors such as debt amount, interest rates, and personal preferences play a significant role in determining the most effective approach for each individual.
Seeking Professional Guidance: Finally, listeners are encouraged to seek professional guidance from financial advisors to navigate complex financial decisions effectively. The host offers a personalized consultation option for those seeking expert assistance in managing their finances and debt.

Quotes:

"The power of focus supersedes a little bit of tax savings and missing out on a little bit of match for a short period of time."
"Motivation is the key to becoming debt-free, not math."
"When it comes to debt management, size does matter. Which one do you think will make the fastest and greatest impact on your finances? Of course, the avalanche technique."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode of "Financial Advisors Say the Darndest Things," host A.B. Ridgway shares a remarkable story of survival and faith. The episode recounts the harrowing experience of Sydney Thomas, a semi-truck driver who found herself dangling over the Ohio River after a heart-stopping crash. Through Sydney's firsthand account, listeners gain insight into the power of prayer and the miraculous intervention that saved her life.

Key Takeaways:

The Fragility of Life: Sydney's experience highlights the suddenness and unpredictability of life-altering events. Her ordeal serves as a sobering reminder to cherish each moment and to remain steadfast in faith, even in the face of adversity.
The Ripple Effect of Actions: The chain of events leading to Sydney's accident underscores the interconnectedness of human actions. From the stalled car to the swerving pickup truck, every decision has consequences that can impact the lives of others. This narrative prompts reflection on personal responsibility and the ripple effect of our choices.
Divine Protection and Comfort: Amidst the chaos and fear, Sydney found solace in her faith and the promise of divine protection. The episode draws upon biblical verses, such as Isaiah 41:10, to offer encouragement and assurance to listeners facing their own trials. Sydney's story serves as a testament to the sustaining power of faith in times of crisis.
Legal Ramifications: The episode briefly explores the legal aftermath of the accident, with the driver of the pickup truck facing charges of wanton endangerment. This aspect of the story prompts consideration of accountability and justice within the context of tragic events.
Prayer as a Source of Strength: As A.B. concludes the episode, he emphasizes the importance of daily prayer and spiritual grounding. In a world marked by uncertainty, prayer serves as a vital lifeline, offering comfort, guidance, and protection.

Quotes:

"Fear not, for I am with you; do not be dismayed, for I am your God. I will strengthen you, I will help you, I will uphold you with my righteous right hand." - Isaiah 41:10
"There is a reason to believe the gun may be loaded—learn something every day. Wow, okay. Well, brothers and sisters, this is just even more reason to make sure that you're praying every day."
"If you love news stories like this with a Christian perspective, make sure that you subscribe for more from 'Financial Advisors Say the Darndest Things.'"

Tune in to this captivating episode for an inspiring testament to the resilience of the human spirit and the unwavering presence of divine protection. Subscribe now for more uplifting content from A.B. Ridgway and his team!

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," host AB Ridgway explores what are the contribution limits for retirement accounts in 2024? He also explores the intricacies of retirement account contribution limits, emphasizing the importance of understanding and maximizing these limits. Ridgway navigates through changes in contribution limits for various retirement plans, providing brief insights into tax implications and strategies for optimizing retirement savings.

Key Takeaways:

Understanding Contribution Limits: Ridgway underscores the significance of staying informed about retirement account contribution limits to avoid penalties and optimize tax benefits. By delving into the nuances of IRS regulations, Ridgway empowers listeners to make informed decisions regarding their retirement savings.
Tax Efficiency Strategies: The episode highlights the tax advantages associated with contributing to retirement plans, emphasizing the potential for reducing current tax liabilities and deferring taxes into the future. Ridgway elucidates the benefits of leveraging retirement accounts as vehicles for long-term tax planning and wealth accumulation.
Individual Retirement Accounts (IRAs): Ridgway elucidates the individual nature of IRAs, clarifying misconceptions and guiding listeners on beneficiary designations. Through practical examples and biblical references, Ridgway encourages thoughtful estate planning and asset distribution strategies.
Catch-Up Provisions: Ridgway unpacks the catch-up provisions available for individuals aged 50 and over, offering insights into additional contribution opportunities and the significance of retirement planning at different life stages. By addressing age-specific considerations, Ridgway empowers listeners to adapt their retirement strategies to changing circumstances.
Financial Prudence and Biblical Wisdom: The episode concludes with a biblical admonition from Luke, emphasizing the importance of financial prudence and foresight in retirement planning. Ridgway's integration of biblical wisdom underscores the holistic approach to financial stewardship advocated throughout the podcast.

Quotes:

"Understanding contribution limits is key to optimizing your retirement savings strategy and minimizing tax liabilities. Stay informed to make the most of your retirement accounts." - AB Ridgway
"Maximizing tax efficiency through retirement contributions is a foundational principle of long-term wealth accumulation. Leverage retirement plans to build a secure financial future." - AB Ridgway
"Planning for the future involves more than just financial considerations; it encompasses thoughtful estate planning and asset distribution strategies. Secure your legacy by understanding the nuances of individual retirement accounts." - AB Ridgway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

AB Ridgeway delves into California's budget deficit crisis, sparked by Governor Gavin Newsom's proposal for spending cuts. Ridgeway discusses the implications of these cuts, their impact on various programs, and the broader significance for Newsom's political career.

Key Takeaways:

Leadership by Example: Ridgeway underscores the importance of leadership by example, drawing parallels between individual responsibility and governmental accountability. By highlighting California's budget deficit and Newsom's proposed spending cuts, Ridgeway prompts listeners to reflect on their own financial management practices.
Political Accountability: The episode emphasizes the accountability of political leaders amidst fiscal challenges. Ridgeway acknowledges Newsom's efforts to address California's deficit but also scrutinizes the potential consequences of his decisions, particularly in the context of his political ambitions.
Personal Financial Planning: Through Newsom's budget proposal, Ridgeway advocates for personal financial planning and self-reliance. He urges listeners to prioritize saving, investment, and debt management, emphasizing the limitations of governmental support in achieving long-term financial stability.
Critical Analysis of Promises: Ridgeway encourages critical analysis of political promises and the underlying motivations behind policy decisions. By dissecting Newsom's proposed cuts and their impact on various social programs, Ridgeway prompts listeners to question the sustainability of government-funded initiatives.
Importance of Engagement: The episode concludes with a call to action for audience engagement, urging listeners to subscribe, rate, comment, and share the podcast. Ridgeway emphasizes the role of audience support in amplifying the podcast's reach and facilitating ongoing financial discussions.

Quotes:

"Leadership by example is crucial, whether in personal finances or governance. California's budget deficit serves as a stark reminder of the importance of fiscal responsibility." - AB Ridgeway
"Personal financial planning is paramount. Relying solely on governmental support is precarious, especially in times of economic uncertainty." - AB Ridgeway
"Analyzing political promises with a critical lens is essential. Understanding the implications of budget cuts fosters informed decision-making and financial preparedness." - AB Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A.B. Ridgway discusses the recent decision by a federal judge to temporarily halt the Biden administration's plan to lower credit card late fees. Ridgway reflects on his earlier predictions about potential resistance from credit card companies and emphasizes personal financial responsibility in light of regulatory interventions.

Key Takeaways:

Personal Financial Responsibility: Ridgway underscores the importance of personal accountability in managing finances. Quoting Proverbs 22:7, he highlights the biblical principle that borrowers become slaves to lenders, emphasizing the need to prioritize savings and avoid excessive borrowing.
Understanding Credit Card Usage: The episode delves into the pitfalls of credit card usage, echoing sentiments expressed by financial guru Dave Ramsey. Ridgway emphasizes that being in debt creates a cycle that can be challenging to break, suggesting that reliance on credit cards often leads to financial instability.
Potential Consequences of Regulatory Intervention: Ridgway expresses skepticism about the effectiveness of regulatory measures in addressing financial issues. He warns listeners that while policies like lowering late fees may seem beneficial, credit card companies might respond by raising interest rates, ultimately leading to higher costs for consumers.
Learning from Past Mistakes: Using the analogy of the grasshopper and the ant, Ridgway urges listeners to learn from past financial mistakes and prioritize saving for future needs. He suggests that Americans often fail to heed financial lessons, leading to persistent debt despite experiencing financial hardships.
Advocating for Financial Education: The episode concludes with Ridgway encouraging listeners to prioritize financial education and prudent money management. By subscribing to the podcast and sharing it with others, he aims to empower Christian investors to achieve spiritual richness and righteousness through sound financial practices.

Quotes:

"The rich rule over the poor, and the borrower is slave of the lender." - Proverbs 22:7
"Don't reach over dollars trying to grab pennies." - A.B. Ridgway
"As long as you buy something from someone else, you're going to have to do what they say." - A.B. Ridgway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

AB Ridgway explores the intersection of money, intellect, and faith by delving into the insights of two influential figures, Dave Ramsey and Jordan Peterson. He discusses the importance of intellectual engagement and articulation, especially in defending traditional Christian values and beliefs amidst societal challenges.

Key Takeaways:

Speaking Up for Traditional Values: Jordan Peterson emphasizes the necessity for intellectuals to speak up against radical ideas and defend traditional values without succumbing to societal pressures. This requires articulation and engagement, especially in the face of opposition.
Defending Conservative Virtues: AB Ridgway highlights the challenge conservatives face in articulating their ethos and defending their beliefs against ideological attacks. Despite this, he reassures listeners that being unable to articulate does not equate to being wrong or guilty.
Articulating Traditional Ethos: Both Ramsey and Peterson stress the importance of articulating traditional ethos, particularly in defending conservative virtues like marriage and voluntary exchange. This involves active engagement and understanding of societal and political landscapes.
Standing Firm in Faith: Ridgway encourages listeners not to be ashamed of their faith or wealth but to learn to articulate themselves confidently. He underscores the importance of making ethical choices in managing finances and advocating for traditional values.
Engagement in Political Discourse: Understanding the significance of engaging in political discourse, especially at the local level, is crucial in defending traditional values. Ridgway urges listeners to actively participate in shaping societal narratives and values.

Quotes:

"Just because you don't know how to articulate yourself doesn't mean you are wrong."
"You don't have to be ashamed of your wealth. You don't have to be ashamed to be a Christian. You can be both."
"We need you to understand that God is going to judge us on our intent... I hope that you choose the former."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video Credit: https://www.youtube.com/watch?v=SbJe868Kw-c

I do not own the rights to this video

Episode Summary:

The recent layoffs in Tesla's electric vehicle charging team have raised concerns about the future of charging infrastructure, potentially affecting President Biden's initiative to electrify U.S. highways. This episode explores the implications of these layoffs and their impact on the expansion of charging stations across the country.

Key Takeaways:

Uncertainty in Electric Vehicle Expansion: The layoffs at Tesla's charging team signal potential delays in the rollout of new charging stations, raising questions about the future of electric vehicle adoption. This uncertainty underscores the challenges of transitioning to electric vehicles on a large scale.
Impact on Biden's Infrastructure Plan: Tesla's decision to scale back its charging network could hamper President Biden's ambitious plan to expand the country's charging infrastructure. The $5 billion allocated for building 500,000 electrical vehicle chargers over five years may face setbacks due to Tesla's reevaluation of its expansion strategy.
Elon Musk's Strategy: Elon Musk's emphasis on focusing on 100% uptime and expanding existing locations suggests a cautious approach to scaling Tesla's charging network. This strategic shift reflects Musk's commitment to sustainable growth and maintaining the reliability of Tesla's infrastructure.
Opportunities for Competitors: Rivals like EVGO are poised to capitalize on Tesla's restructuring by hiring laid-off employees and potentially expanding their own charging networks. This competition highlights the dynamic nature of the electric vehicle market and the opportunities it presents for other players in the industry.
Navigating Financial Markets: The episode concludes with a reminder of the unpredictability of financial markets and the importance of diversification in investment portfolios. As developments in the electric vehicle sector impact market dynamics, investors are urged to maintain a balanced approach to investment.

Quotes:

"This doesn't tell you that no matter what you do, someone is always trying to take your spot. Let this be an eye opener for you." - AB Ridgeway
"Once again, we cannot control the stock market. We can only control our participation in it." - AB Ridgeway
"Well, that is it for me. My name is AB Ridgeway and I'll see you on the other side of your blessing." - AB Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary:

Former NBA champion Glenn "Big Baby" Davis has been sentenced to 40 months in prison for his involvement in defrauding the league's healthcare plan of millions of dollars. This episode delves into the consequences of greed, the love of money, and how Davis went from being a sports star to a convict.

Key Takeaways:

The Temptation of Fast Money: Glenn Davis's story illustrates the allure of quick wealth and the dangers it presents. Despite his successful NBA career, Davis fell into the trap of seeking even more money through fraudulent means, leading to legal repercussions.
Consequences of Financial Mismanagement: Davis's case highlights the importance of prudent financial management. His inability to adjust his lifestyle after leaving the NBA drove him to participate in fraudulent schemes, ultimately resulting in legal and financial ruin.
Ethical Considerations in Pursuit of Wealth: The episode emphasizes the biblical admonition that the love of money is the root of all kinds of evil. Davis's actions demonstrate how prioritizing wealth above ethical principles can lead to personal and societal harm.
Lessons from Athletes' Financial Mistakes: Davis's downfall mirrors a broader pattern of financial mismanagement among professional athletes. Listeners are urged to learn from such examples and prioritize responsible money management to avoid similar pitfalls.

Quotes:

"For the love of money is the root of all kinds of evil. And for some people, craving money have wandered from the true faith and pierced themselves with many sorrows." - (1 Timothy 6:10, New Living Translation)
"Fast money doesn't last." - Proverbs 13:11
"He's 38 years old and now he has a criminal record, and this is going to slow up his ability to make money in the future."

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Episodes Mentioned:

Charles Barkley SHARES the SECRET to Staying Rich During and after NBA Career with Shannon Sharpe (#248)

Burger King Is Giving Away Free Whoppers: The Psychology of Coupons in Finance (#257)

What Does Morgan Stanley's Money Laundering Investigation Mean To You? (#232)

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this current economy can you afford to leave your job if it is too toxic? It looks like miss USA's resignation letter accuses the organization of toxic work culture so this raises the question are you who you want to be or are you only what you have to be?

Episode Summary:

In this episode of "Financial Advisors Say the Darndest Things," host AB Ridgeway explores the theme of toxic work environments, inspired by recent events in the Miss USA organization. Ridgeway delves into the importance of aligning personal values with work environments and the necessity of faith when facing challenging situations.

Key Takeaways:

Aligning Values with Work: Ridgeway emphasizes the importance of ensuring that personal values align with the values of the workplace. He applauds the decision of Miss USA and Miss Teen USA to step down from their roles when their values no longer aligned with those of the organization, highlighting the maturity and integrity of their decisions.
Trusting in God's Provision: Ridgeway encourages listeners to trust in God's provision, particularly when faced with toxic work environments. He suggests that fear of the unknown may prevent individuals from leaving toxic situations, but faith in God's plan can provide the strength and guidance needed to navigate challenging circumstances.
Maintaining Integrity and Identity: Ridgeway urges listeners to prioritize integrity and identity over financial gain or professional status. He emphasizes that one's job does not define their worth and encourages individuals to remain true to their values, even in difficult work environments.
Preparing for Change: Ridgeway advises listeners who are considering leaving toxic work environments to prepare a thorough plan for their transition. This includes evaluating financial stability, exploring job opportunities, and ensuring a smooth transition that minimizes disruption to family life.
Seeking Support and Balance: Ridgeway underscores the importance of seeking support and maintaining a healthy work-life balance. He acknowledges the tragic consequences of overwork and encourages listeners to prioritize their well-being over career ambitions.

Quotes:

"You are not bound by the rules of this world. Don't allow these toxic people to influence you to change who you are and what you are all about. I want you to have faith in God." - AB Ridgeway
"Remember, you're not your job. You are you and you are a child of God. Whatever title, respect or money that you're going to get is not worth your integrity. It is not worth your identity." - AB Ridgeway
"If you're stuck in a toxic work environment, please prepare your plan to leave. Just don't leave on a whim and leave your family in turmoil." - AB Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: It looks like Social Security cost of living adjustment forecast is going to set back many retirees with a forecast of only 2.6% which many are saying is not enough to fight inflation. In this episode of "Financial Advisors Say The Darndest Things Podcast," host A.B. Ridgeway delves into the challenges facing retirees due to the Social Security Administration's forecasted adjustments. With a decade of experience as a certified private wealth advisor, Ridgeway provides valuable insights and strategies for navigating financial uncertainties in retirement.

Key Takeaways:

Inflationary Concerns: Ridgeway emphasizes the impact of inflation on retirees' purchasing power, highlighting the discrepancy between the modest 2.6% forecasted increase in Social Security benefits and the current inflation rate of 3.2%. This mismatch underscores the importance of proactive financial planning to mitigate the effects of rising living costs.
Emergency Savings: The episode underscores the significance of maintaining an emergency savings fund, with Ridgeway citing statistics from the Senior Citizens League survey. As household expenses continue to rise, having a financial cushion becomes imperative to cover unexpected costs and maintain financial stability during retirement.
Planning for Retirement: Ridgeway challenges the notion of retirement as a destination, urging listeners to view it as a milestone in their financial journey. He advocates for early retirement planning to ensure financial independence and reduce dependence on external sources of income during retirement years.
Distribution Strategy: As retirees transition from saving to spending their accumulated funds, Ridgeway emphasizes the importance of developing a distribution strategy. By understanding withdrawal rates and adjusting for inflation, individuals can sustain their lifestyle without depleting their retirement savings prematurely.
Seeking Professional Guidance: Ridgeway encourages listeners to seek professional guidance to navigate complex financial decisions effectively. He offers free consultations to help individuals assess their financial situation, develop personalized strategies, and achieve long-term financial security.

Quotes:

"Saving is when you push your today's purchasing power into the future, ensuring financial stability in retirement."
"Don't guess your way into retirement. Schedule your empowerment today."
"For which of you intending to build a tower, sit if not down first and counted the cost, whether he has sufficient to finish it." (Luke 14:25)

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary:

A.B. Ridgway shares a bizarre story about a Midland woman found living inside a Family Fare grocery store sign for almost a year. Despite the unconventional living situation, the woman had managed to set up a comfortable living space with various amenities, raising questions about how she gained access and survived undetected. Ridgway uses this unusual scenario to delve into the importance of financial planning and resourcefulness in navigating life's challenges.

Key Takeaways:

Financial Planning in Unforeseen Circumstances: The story of the woman living in a grocery store sign underscores the significance of financial planning in unexpected situations. While her choice may seem extreme, it highlights the need to prepare for emergencies and have a safety net in place. This event serves as a reminder to assess one's financial situation regularly and plan for contingencies.
Resourcefulness and Adaptability: Despite the limitations of her living space, the woman demonstrated remarkable resourcefulness and adaptability. Her ability to create a functional living environment within the sign showcases the human capacity to overcome challenges through innovative thinking and resilience. This serves as a lesson in making the most out of any situation, no matter how unconventional.
Seeking Professional Financial Advice: Ridgway emphasizes the importance of seeking professional financial advice, especially when facing difficult circumstances. While the woman in the story managed to survive on her own, seeking guidance from a financial advisor could have potentially provided her with better solutions and resources. This highlights the value of consulting experts to navigate complex financial issues effectively.
Understanding the Consequences of Unlawful Actions: Although the woman faced no criminal charges for her actions, Ridgway discusses the ethical implications of trespassing and disregarding legal boundaries. He underscores the importance of upholding the law and seeking assistance when facing financial difficulties, rather than resorting to unlawful means to sustain oneself.
Community Support and Collaboration: The episode concludes with a reminder of the support available within communities, including resources for those experiencing homelessness or financial hardship. Ridgway encourages listeners to engage with financial advisors and community services to receive assistance and guidance in times of need, highlighting the importance of collaboration and mutual support.

Quotes:

"When we don't financially plan, we find ourselves in situations just like this, where we're trying to survive in the most awkward situations."
"Some people say saving money is tough, but imagine living in a small grocery sign. That's probably even tougher, right?"
"They say with difficulty comes ease, meaning the more that we practice things that are tough, the easier it is going to get."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

AB Ridgeway delves into a startling case of flight attendants allegedly smuggling millions in drug money out of the country to the Dominican Republic, highlighting the vulnerabilities in airline security and the moral implications of seeking wealth through illicit means. Through detailed analysis and biblical references, Ridgeway underscores the importance of ethical earning and long-term financial planning.

Key Takeaways:

Exploiting Vulnerabilities: Ridgeway points out the ease with which flight attendants exploited security vulnerabilities to smuggle millions in drug money, revealing critical weaknesses in airline security protocols. This highlights the need for stricter regulations and oversight to prevent such illicit activities.
Moral Integrity in Wealth Acquisition: Drawing from biblical wisdom, Ridgeway emphasizes the significance of earning money through righteous means. He contrasts the short-lived gains of illicit wealth with the enduring prosperity promised to those who accumulate wealth gradually and ethically.
Consequences of Greed: The case of the flight attendants serves as a cautionary tale about the consequences of succumbing to greed and pursuing wealth at any cost. Ridgeway warns against the allure of fast money, urging listeners to prioritize moral integrity and contentment over fleeting riches.
Long-Term Financial Planning: Ridgeway advocates for a prudent approach to financial planning, emphasizing the importance of steady, incremental growth over quick gains. He encourages listeners to focus on building wealth gradually and responsibly, in line with biblical principles.
Ethical Investing: In discussing the repercussions faced by the flight attendants, Ridgeway parallels their actions with short-sighted financial decisions, such as those made by individuals who prioritize immediate gains over long-term sustainability. He underscores the need for ethical consideration and responsible investing practices to ensure lasting financial success.

Quotes:

"Many prophets have predicted that there would be a time where people didn't care how you earned your money, legally or illegally. And we're living in those times."
"Your freedom is worth more than fast money. Be happy with what you have and what you earn righteously."
"Wealth gained hastily will dwindle, but whoever gathers little by little will increase it." - Proverbs 13:11

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say The Darndest Things," host AB Ridgeway explores the psychology behind consumer behavior, particularly focusing on the allure of coupons and discounts. Using the example of Burger King's promotional offers, Ridgeway delves into how these seemingly beneficial deals can actually lead to unnecessary spending and financial pitfalls.

Key Takeaways:

Coupon Fallacy: While coupons may appear to save money, they often lead to increased spending rather than genuine savings. Ridgeway emphasizes that using a coupon doesn't negate the fact that money is still being spent, highlighting the importance of discerning between saving and spending less.
Heuristics in Decision Making: Ridgeway discusses the concept of heuristics, mental shortcuts that influence quick decision-making. He explains how marketers capitalize on these cognitive biases to drive consumer behavior, leading individuals to make emotional rather than logical purchasing choices.
Anchoring Effect: The episode explores the anchoring bias, where individuals rely heavily on initial information when making decisions. Ridgeway illustrates how consumers perceive discounts based on the initial price, overlooking the actual expenditure and falling into the trap of unnecessary purchases.
Awareness vs. Intentional Spending: Ridgeway highlights the role of advertisements and promotions in raising consumer awareness and stimulating unplanned spending. He warns against succumbing to marketing tactics that encourage spending on items not originally intended for purchase.
Financial Awareness and Responsibility: Ultimately, Ridgeway encourages listeners to cultivate financial mindfulness and resist impulsive spending habits. By understanding the psychological tricks employed by advertisers, individuals can make more informed and intentional financial decisions.

Quotes:

"When you have a coupon, you are not saving more money, you're technically spending less money."
"Unfortunately, when we're making quick decisions, especially about purchases with coupons, we tend to make them emotionally and try to justify them logically."
"Your money is still gone. But where do we get this concept of coupons actually saving us money? Well, it comes from a mental heuristic."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," we follow a man who compared the prices of ONE meal ordered 3 different ways. 1) Through a delivery service 2) Getting it himself and 3) Going to the store and making it himself. The host AB Ridgeway delves into the issue of Americans living paycheck to paycheck. He highlights the impact of inflation, high food costs, and the looming threat of layoffs on individuals' financial stability. Through a detailed comparison, Ridgeway explores the hidden costs of convenience, particularly in the context of food delivery services, and emphasizes the importance of reevaluating spending habits to achieve financial security.

Key Takeaways:

Hidden Costs of Convenience: Ridgeway unpacks the concept of convenience, illustrating how the allure of time-saving services like food delivery often masks substantial hidden fees. He urges listeners to scrutinize their spending habits and consider the true value of the convenience they pay for.
Financial Impact of Lifestyle Choices: By comparing the costs of ordering food delivery versus preparing meals at home, Ridgeway underscores the significant financial implications of seemingly mundane lifestyle choices. He encourages listeners to adopt a more mindful approach to spending to avoid falling into the trap of living beyond their means.
Long-Term Financial Planning: Through a compelling hypothetical scenario, Ridgeway demonstrates the potential long-term benefits of prudent financial decisions. He emphasizes the importance of strategic investing and disciplined saving, highlighting how small adjustments in spending habits can lead to substantial gains over time.
Reevaluating Spending Priorities: Ridgeway challenges listeners to reassess their spending priorities and distinguish between necessary expenses and discretionary indulgences. He advocates for a balanced approach to consumption that prioritizes financial security and long-term wealth accumulation over short-term gratification.
Educating for Financial Empowerment: As a certified private wealth advisor, Ridgeway concludes the episode by encouraging listeners to share the insights gained with others. He underscores the value of financial literacy and empowerment, emphasizing the role of education in fostering informed decision-making and achieving financial independence.

Quotes:

"When we point the finger at someone, there's three more pointing back at us."
"Food is the one thing that most everyone underestimates when it comes to how much we spend."
"My job is not to strip you of the pleasures that you love, but to reevaluate what you're paying for in the meantime."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode we draw attention to the recent tragic death of a 35-year-old junior banker from Bank of America and US Army Veteran. Ridgway emphasizes the importance of maintaining a healthy work-life balance and prioritizing one's well-being over career ambitions. Reports are not saying the cause of death is his workload but the recent passing does ignite anger around the working hours of 100 or more per week.

Key Takeaways:

The Toll of Overwork: Ridgway highlights the dangers of overworking, citing the case of a young banker who tragically passed away due to acute coronary artery thrombus. He warns listeners against sacrificing their health and lives for the pursuit of financial success, urging them to prioritize self-care and balance in their professional lives.
Christian Financial Values: As a Christian financial advisor, Ridgway emphasizes the importance of aligning financial practices with Christian principles. He encourages investors to prioritize patience, ethical investing, and financial stewardship, emphasizing the need to resist the toxic mentality prevalent in the financial industry.
Advocating for Change: Ridgway discusses the efforts of junior investment bankers to advocate for better working conditions, including caps on working hours and more frequent breaks. He urges listeners to support initiatives that promote a healthier work environment and to reconsider their own work-life balance if it leans towards excessive stress and overwork.
The Love of Money: Reflecting on biblical teachings, Ridgway warns against the dangers of prioritizing wealth and career success over personal well-being and spiritual values. He reminds listeners that no amount of money is worth sacrificing one's health or life, echoing biblical warnings about the love of money.
Sharing the Message: Ridgway concludes by urging listeners to share the episode with anyone who may be experiencing excessive stress or overwork in their professional lives. He emphasizes the importance of offering encouragement and support to those who may need to reassess their work environments and priorities.

Quotes:

"Life is more than just money. Yes, they have a lot of money, but look how many hours they're working per week."
"No job is worth your life. 35 is too young to die from work overload."
"What are they going through to get that and is it worth the price?"

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Show Notes:

In this thought-provoking episode, host explores the concept of morality through the lens of the "shopping cart theory." He challenges listeners to contemplate whether returning a shopping cart is the ultimate litmus test for determining one's character. This short but insightful podcast encourages introspection and discussion about personal ethics and societal responsibility.

Key Points:

The Shopping Cart Theory: The host introduces the "shopping cart theory" as a means to evaluate moral behavior. He explains how the simple act of returning a shopping cart, while not legally required, serves as a symbolic gesture of decency and responsibility.
Self-Governance and Morality: Listeners are prompted to consider whether individuals can be trusted to do what is right without external coercion. The discussion delves into the idea of intrinsic goodness and the role of personal ethics in shaping societal norms.
Ethical Reflection: Throughout the episode, listeners are encouraged to reflect on their own moral standards and behaviors. The host prompts introspection by posing questions about the motivations behind returning a shopping cart and the broader implications for social cohesion.

Quotes:

"To return the shopping cart is the apex example of whether a person will do what is right without being forced to do it."
"No one will punish you for not returning the shopping cart. You gain nothing by returning it. You must do it out of the goodness of your own heart."
"The shopping cart is what determines whether a person is a good or bad member of society."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: Your Social Security may be at risk. It is being reported that Social Security benefit cuts are projected to be delayed until 2035 but is that enough? What does that mean for you, the retiree in the future. Ridgeway emphasizes the importance of understanding one's maximum Social Security retirement benefit and encourages listeners to proactively plan for their financial future because if we don't, there may not be any money available when we get there, or they only give you a small portion of what you deserve.

Key Takeaways:

Impact of Delayed Benefit Cuts: Ridgeway highlights the significance of the Social Security Administration's announcement regarding the postponement of benefit cuts until 2035. This extension offers some relief for retirees but underscores the need for long-term financial planning.
Understanding Maximum Benefits: Listeners learn how the age at which they choose to retire directly affects their maximum Social Security benefit. Ridgeway breaks down the differences in maximum benefits based on retirement age, emphasizing the importance of making informed decisions about when to claim benefits.
Contributions and Benefits: Ridgeway explains the correlation between individuals' earnings during their working years and their eventual Social Security benefits. He underscores the importance of considering one's contribution history and earnings when planning for retirement.
Financial Preparedness: The episode serves as a call to action for listeners to take control of their financial futures. Ridgeway urges proactive steps such as saving for retirement independently and seeking personalized financial advice to navigate the complexities of Social Security.
Critical Reflection: Ridgeway prompts listeners to reflect on their reliance on Social Security and consider alternative strategies for financial security in retirement. He encourages individuals to assess their options and take proactive steps towards financial independence.

Quotes:

"This year's report is a measure of good news for the millions of Americans who depend on Social Security, including the roughly 50% of seniors from whom Social Security is the difference between poverty and living in dignity." - Martin O'Malley, Commissioner of Social Security
"I have a weird suspicion that somebody is misappropriating the money and they don't want to admit it, and they want to project the issue on the American people." - AB Ridgeway
"Can you live off this amount of money and have the quality of life that you want? Do you want to depend on the federal government to have the money available when you retire?" - AB Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Social Security Website: www.ssa.gov

In this episode of "Financial Advisor, Say the Darndest Things," tensions escalate in the rap world as a shooting occurs outside Drake's Toronto mansion amid his ongoing feud with Kendrick Lamar.

Though Drake emerges unharmed, a security guard is seriously injured, prompting concerns about safety and the consequences of such conflicts.

AB Ridgeway, urges viewers to prioritize their loved ones and emphasizes the importance of legal and financial preparedness in the face of unexpected events. As discussions swirl about the rap battle's winners and losers,

Ridgeway reminds us of the real-life impact and loss suffered by individuals caught in the crossfire. The episode concludes with a call to action for viewers to ensure their estates are in order.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode, AB Ridgeway discusses the prevalence of romance scams and their devastating financial consequences, particularly within the context of cryptocurrency investments. Drawing from real-life examples, he highlights the vulnerability of individuals seeking companionship and explores the psychological factors that make them susceptible to such scams.

Key Takeaways:

Emotional Vulnerability and Scarcity: Ridgeway emphasizes how emotions like fear, loneliness, and the desire for love can make individuals vulnerable to scams. Coupled with persuasive tactics like scarcity, scammers exploit these emotions to manipulate victims into making irrational financial decisions.
Sophisticated Scamming Techniques: The episode sheds light on the sophistication of modern romance scams, which often involve extensive grooming periods and false promises. Ridgeway warns listeners against trusting strangers online and emphasizes the importance of verifying identities and intentions before engaging in financial transactions.
Financial Impact and Recovery: Through a case study of a Houston man who lost $800,000 to a romance scam, Ridgeway underscores the severe financial consequences of falling victim to such schemes. He discusses the challenges of recovering lost funds, particularly in the realm of cryptocurrency, and urges listeners to exercise caution and skepticism in their financial dealings.
Psychological Manipulation: Ridgeway delves into the psychological tactics employed by scammers to maintain control over their victims. He highlights the power of persuasion, consistency, and emotional manipulation in fostering a sense of trust and dependency, ultimately leading individuals to disregard warning signs and red flags.
Seeking Support and Building Resilience: In conclusion, Ridgeway encourages listeners to seek support from trusted friends, family members, and financial advisors. He emphasizes the importance of building resilience against scams by fostering strong social connections, maintaining skepticism, and placing trust in God rather than in deceptive individuals.

Quotes:

"The more desperate, the more vulnerable. When someone is in the mindset of finding love, how difficult is it to convince them that they're being scammed?" - Dr. John Vincent, Clinical Psychologist
"It wasn't just a bad transaction to send this man $100,000. It was a bad transaction for her retirement to take almost a tenth of what she had in the account to give it to someone that she barely knew." - AB Ridgeway
"Focus on God and he'll lead you down the straight path. You don't have to walk this life alone, but you don't want to pair yourself with the wrong people." - AB Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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Episode Summary: In this episode, Charles Barkley shares insights on financial responsibility, drawing from his personal experiences and lessons learned as a former NBA player. He discusses the common pitfalls that lead to financial ruin among athletes and emphasizes the importance of wise money management for long-term sustainability.

Key Takeaways:

Long-Term Financial Planning: Barkley underscores the significance of planning for the future by highlighting the need to prioritize financial stability over short-term indulgences. He warns against overspending on luxury items like multiple cars, stressing the importance of making money last a lifetime.
Avoiding Materialism: Barkley challenges the culture of materialism by advocating for a shift towards valuing personal development over conspicuous consumption. He encourages listeners to focus on building character and reputation rather than seeking validation through material possessions.
Family Financial Boundaries: Barkley offers valuable advice on setting boundaries with family and friends when it comes to financial support. He advises against shouldering the financial burdens of others indiscriminately, emphasizing the importance of preserving one's own financial well-being.
Resisting Peer Pressure: Barkley highlights the dangers of succumbing to peer pressure and societal expectations, particularly within the context of financial decisions. He encourages listeners to resist the urge to keep up with others' spending habits and instead prioritize responsible financial choices.
Investing in Self-Development: Barkley underscores the value of investing in oneself through education, personal growth, and philanthropy. He suggests that true status and respect are earned through contributions to society rather than through material possessions.

Notable Quotes:

"Just because you have the money doesn't mean you need to spend it."
"The regression back to zero is where you're going to hurt yourself."
"You can raise your status by doing good deeds, giving charity, and being an outstanding citizen."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video Credit and Rights Club Shay Shay: https://www.youtube.com/watch?v=R7kO41DUIEU&t=342s

A.B. Ridgeway delves into the recent changes in Costco's food court policy and its implications for both members and non-members. As Costco tightens its membership requirements to access food court deals, A.B. explores the economic reasoning behind this decision and its potential impact on consumers.

Key Takeaways:

Costco's Membership Strategy: A.B. outlines Costco's strategy of using the food court as a "loss leader" to attract customers, emphasizing the importance of membership fees to the company's profitability.
Impact on Consumer Behavior: The episode explores how changes in Costco's food court policy may influence consumer spending habits and perceptions of value, particularly for non-members accustomed to accessing low-cost meals.
Economic Rationality: A.B. discusses the economic rationale behind Costco's decision to restrict food court access, highlighting the company's aim to maintain the value proposition of membership and drive revenue growth.
Customer Experience: The episode touches on the significance of customer experience in retail environments, with Costco aiming to ensure a positive end-to-end experience for members while balancing cost considerations.
Implications for Budget-Conscious Consumers: A.B. reflects on the potential implications of Costco's policy change for budget-conscious consumers, urging listeners to consider alternative ways to save on dining expenses.

Quotes:

"We don't feel it's right that non-members receive the same benefits and pricing as our members." - Costco's statement on restricting food court access.
"People remember their first experience when they walk in, which is with a smile and a warm welcome, and they remember the last part, which is walking out full, satisfied, and not hungry and fatigued." - A.B. Ridgeway on the importance of customer experience.
"It's sad, but it looks like people are going to have to find a new way to eat on a budget." - A.B. Ridgeway reflecting on the impact of Costco's policy change on budget-conscious consumers.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

video credit: https://www.cbsnews.com/news/costco-food-court-hot-dog-membership-card/

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," host A.B. Ridgway discusses the pervasive trend of diluting Christianity, paralleled with the commercialization of "lite" versions of various products. Drawing from Glenn Berto's book "Christianity Liked: Stop Drinking a Watered Down Gospel," Ridgway emphasizes the necessity of returning to the authentic gospel message, challenging listeners to embrace a life of grace-inspired obedience rather than seeking a comfortable, customized faith experience.

Key Takeaways:

The Deceptive Allure of Christianity Lite: Ridgway highlights how modern Christians often gravitate towards a diluted version of Christianity, seeking comfort and convenience over true spiritual transformation.
Embracing Radical Transformation: The episode underscores the core message of the gospel – Jesus' call to radical life change and obedience, rather than mere enhancement of a self-centered lifestyle.
Addressing Uncomfortable Truths: Ridgway encourages listeners to confront uncomfortable truths rather than succumbing to the allure of a superficial faith experience, emphasizing the importance of authentic repentance and obedience.
Parody and Cultural Commentary: Through a humorous skit parodying the concept of "Christianity Lite," the episode critiques societal attitudes towards faith and challenges listeners to reevaluate their commitment to genuine Christianity.
Warning Against Spiritual Compromise: The episode concludes with a sobering reminder of the potential consequences of embracing a watered-down faith, urging listeners to reject compromise and embrace the transformative power of the true gospel.

Quotes:

"We have watered down, decaffeinated, and diluted the message of the gospel until it really has no effect on our lives or the lives of others."
"If the gospel of God makes someone uncomfortable, then maybe they aren't doing the right thing, and making them feel better will not fix the problem."
"One of the biggest tricks of the devil is to convince you that the evil things that you do are actually good for you."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video Credit:https://www.youtube.com/watch?v=XnnbkxzYoUo

Book: https://www.amazon.com/Christianity-Lite-Drinking-Watered-Down-Gospel/dp/1621362264

Episode Summary: The primary fear of many Christian investors is running out of money in retirement. In this episode, Ridgeway explores the concept of the 4% retirement rule and its implications in today's economic climate, drawing insights from financial experts like Suze Orman.

Key Takeaways:

The 4% Retirement Rule: Ridgeway explains the origin of the 4% retirement rule, coined by financial planner Bill Bengen, which suggests retirees can safely withdraw 4% of their retirement savings annually. However, recent critiques by experts like Suze Orman have labeled it as "very dangerous."
Economic Volatility and Withdrawal Rates: Orman advises caution in relying solely on the 4% rule, advocating for lower withdrawal rates, especially in times of economic uncertainty. She emphasizes the importance of adjusting withdrawal rates based on individual circumstances and market conditions.
Personalized Financial Planning: Ridgeway stresses the need for personalized financial planning, highlighting the significance of considering various sources of income, such as Social Security and annuities, alongside retirement savings. He encourages listeners to work with financial professionals to tailor their withdrawal strategies accordingly.
Long-Term Financial Sustainability: Orman suggests that withdrawing the least amount possible from retirement accounts can lead to better long-term financial sustainability. This approach aligns with the idea of adjusting withdrawal rates to ensure financial security throughout retirement, especially amid economic fluctuations.
Working with Professionals: Ridgeway emphasizes the value of seeking guidance from financial advisors to navigate retirement planning effectively. He underscores the importance of ongoing evaluation and adjustment of withdrawal strategies to adapt to changing financial landscapes.

Quotes:

"Susie Orman calls the 4% retirement rule very dangerous. These are dog whistles for those who are preparing for retirement."
"People love these hyperboles. I would never, I always, this is amazing. This is horrible. This is just trying to stir up emotions. It's not that serious."
"Find the figure, find out what works for you, trial and error, year over year, work with a professional, simple."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Article: https://finance.yahoo.com/news/suze-orman-calls-4-retirement

Episode Summary: In this episode, AB Ridgeway discusses the recent controversy surrounding Candace Owens' departure from the Daily Wire, shedding light on the reported gag order imposed by the conservative outlet. Owens' call for a debate with Ben Shapiro seemingly triggered this response, revealing underlying tensions and ideological clashes within the organization.

Key Takeaways:

The Gag Order Saga: The revelation of Daily Wire's alleged gag order against Candace Owens exposes the complexities of ideological conflicts within conservative media outlets. This incident underscores the challenges of maintaining freedom of speech and expression within corporate structures.
Religious Disputes: Owens' departure from the Daily Wire appears to stem from more than contractual disputes; religious differences may have played a significant role. Ben Shapiro's reported statement about Owens' faith adds a new dimension to the narrative, highlighting tensions over religious beliefs within the organization.
Media Ethics in Question: The handling of Owens' departure raises questions about media ethics and transparency. The discrepancy between public statements and internal actions at the Daily Wire raises concerns about journalistic integrity and the importance of accountability in media organizations.
The Price of Faith: Owens' steadfast commitment to her Christian faith appears to have been a contributing factor in her dismissal. This raises broader questions about religious freedom and the limits of expression in professional settings, particularly within conservative media circles.
Seeking Truth Amidst Bias: AB Ridgeway emphasizes the importance of seeking truth amidst bias and manipulation in media narratives. As Owens navigates this controversy, Ridgeway encourages listeners to critically evaluate information and form their own opinions based on facts.

Quotes:

"The truth always comes out to the light. Candace, you're doing an excellent job. Just keep it up."
"I am on the side of truth. I just want the truth."
"They want to debate, but yet they want to manipulate her with contracts and legalese to make sure that she doesn't get her voice out."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode, AB Ridgeway delves into the controversy surrounding Candace Owens' firing from the Daily Wire and the subsequent gag order imposed on her. He explores the implications of this situation and invites listeners to reflect on the underlying motivations behind such actions.

Key Takeaways:

Freedom of Speech vs. Silencing: The case of Candace Owens highlights the tension between advocating for free speech and attempting to silence dissenting voices. The imposition of a gag order raises questions about the sincerity of platforms claiming to support freedom of expression.
Ethics in Media Negotiations: The revelation that the Daily Wire sought a gag order while publicly negotiating a debate with Owens underscores the ethical complexities within media organizations. It prompts reflection on transparency and integrity in journalistic practices.
Faith Amidst Adversity: Owens' decision to embrace Catholicism amidst professional challenges demonstrates her reliance on faith during tumultuous times. Her firm stance on faith over worldly validation serves as a testament to enduring spiritual principles.
Fan Base Loyalty: Despite facing adversity, Owens maintains a strong support base, indicating the resilience of her influence and ideas. The loyalty of her followers underscores the significance of authenticity and conviction in building a dedicated audience.
The Divide Between Good and Evil: Ridgeway prompts listeners to contemplate the broader implications of Owens' situation, framing it as a symbolic battle between good and evil. This narrative invites reflection on moral integrity and the pursuit of truth in contemporary discourse.

Quotes:

"How petty do you have to be to preach freedom of speech and then silence dissenting voices? This situation exposes a glaring hypocrisy."
"Owens' shift to Catholicism amidst adversity speaks volumes about her unwavering faith in God over human validation."
"The controversy surrounding Owens reveals a broader divide between good and evil in contemporary discourse. Where do you stand?"

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: You're just coming off of divorce you're rebuilding your life. You find somebody that you love and you care about, you build a relationship for seven years, your business takes off to gain $1.5 million, and you are thinking of ending it. On the Dave Ramsey show, a caller is wondering if the financial success is becoming a barrier to commitment in his relationship. Through insightful analysis and personal anecdotes, Ridgeway navigates the complexities of trust, financial independence, and the desire for growth within a partnership.

Key Takeaways:

Navigating Trust and Autonomy: Ridgeway highlights the caller's struggle with trust and autonomy within his relationship. Despite building a life together, the caller's language reflects a strong sense of individual achievement rather than shared partnership.
Financial Success vs. Emotional Commitment: The episode explores the tension between financial success and emotional commitment. The caller's fear of loss and past trauma drive his reluctance to marry, showcasing the intricate interplay between wealth and personal relationships.
Learning from Past Experiences: Ridgeway emphasizes the importance of learning from past experiences, acknowledging that divorce can leave lasting scars. The caller's hesitation stems from a desire to protect himself from potential harm, demonstrating the need for healing and growth before entering a new commitment.
Balancing Personal Goals and Relationship Dynamics: The discussion prompts reflection on balancing personal goals with relationship dynamics. Ridgeway challenges listeners to consider whether the caller's reluctance to marry stems from a genuine desire for personal growth or a fear of vulnerability.
Seeking Spiritual Guidance: Ultimately, Ridgeway encourages listeners to seek spiritual guidance in navigating complex relationship decisions. By focusing on faith and aligning personal values with God's teachings, individuals can find clarity and direction in their journey towards love and commitment.

Quotes:

"If you listen very, very closely, you start to notice the pronoun use... That doesn't sound like someone who is in a relationship."
"Going through the courts is actually the proper way to do it. If you are in the right, no one who's being convicted or who's a defendant wants to go to court."
"Regardless of how you feel, divorce is a traumatic event... He's saying, listen, I don't necessarily want to get back into a marriage and then stunt my growth."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: Two teen boaters are facing third degree felony charges for pollution after they were caught on video dumping trash into the Atlantic Ocean during a South Florida boating party. In this episode, AB Ridgeway discusses the repercussions faced by two teen boaters drawing parallels between their actions and short-sighted financial decisions, Ridgeway emphasizes the importance of long-term planning and ethical considerations when investing.

Key Takeaways:

Consequences of Short-Term Thinking: The incident involving the teen boaters serves as a cautionary tale about the consequences of short-sighted actions. Just as dumping trash into the ocean has long-term environmental repercussions, seeking quick financial gains without considering ethical or legal implications can lead to detrimental outcomes.
Value of Long-Term Planning: Ridgeway underscores the significance of long-term financial planning over seeking immediate gratification. Investing in the future requires discipline, patience, and foresight, rather than succumbing to the temptation of quick fixes or get-rich-quick schemes.
Ethical Decision-Making: Through biblical teachings and ethical reflections, listeners are encouraged to consider the moral implications of their actions. Ridgeway provides a simple framework for ethical decision-making, emphasizing empathy, accountability, and alignment with personal values.
Accountability and Responsibility: The episode highlights the importance of accountability and responsibility in both personal and financial contexts. Just as the teen boaters faced legal consequences for their actions, investors must take ownership of their decisions and consider their long-term impact.
Community Engagement: Ridgeway encourages listeners to engage with the podcast content and participate in discussions about ethical decision-making and accountability. By sharing insights and perspectives with others, individuals can foster a supportive community committed to ethical behavior and responsible stewardship.

Quotes:

"One night of pleasure can cause you a lifetime of pain... This one day on the water having fun dumping trash inside the ocean is going to cause them a lifetime of pain." - AB Ridgeway
"Picking stocks is like gambling... But financial planning, strategic investing is not the same. It's where you have a plan and you're systematically making sure the odds stay in your favor." -
"Do not be anxious about anything, but in everything by prayer and supplication with Thanksgiving, let your requests be made known to God... These boys have a lot to learn about discipline and long-term effects of short-term decisions." - Philippians 4:6

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Video Reference: https://www.youtube.com/watch?v=n18czzSAcdI

Credits to original owner

Catholic priest Bishop Barron delivers a profound explanation of God as being itself, transcending categorical definitions. He challenges the notion of attempting to confine God within human constructs and relates this concept to the financial world, emphasizing the importance of understanding what can and cannot be controlled.

Key Takeaways:

God Beyond Categorical Definitions: Bishop Barron's explanation of God as being itself, as opposed to a categorical object, invites listeners to transcend human limitations in understanding the divine. By embracing the concept of God's transcendence, individuals can deepen their spiritual connection and move beyond narrow perceptions.
Relating Spiritual Concepts to Finances: The analogy between understanding God and navigating financial principles highlights the importance of discerning what is within one's control. Just as God transcends human understanding, true wealth extends beyond material possessions to encompass spiritual abundance and wisdom.
Shift from External to Internal: The episode encourages listeners to shift their focus from external status symbols to internal spiritual growth. True wealth is not measured by material possessions but by the richness of one's spirit and alignment with divine principles.
Prudent Investing and Faith: Bishop Barron underscores the importance of prudent, patient investing grounded in faith and trust in divine guidance. While the stock market may fluctuate unpredictably, individuals can exercise control over their reactions and actions, guided by principles of prayer and faith.
Seeking the Kingdom of God: Drawing from biblical wisdom, the episode emphasizes the timeless truth of seeking the kingdom of God as the ultimate pursuit. By prioritizing spiritual growth and alignment with divine principles, individuals can experience true abundance and fulfillment.

Quotes:

"God is not a thing in the world that you can name... I am who I am, which means I'm the Prius that's Augustine's language. I'm prior to thought and to language." -
"Your wealth is not determined by what you have in your household but what you have in your spirit... What's the point of being in this world if you don't have God?" -
"Seek ye the kingdom of God first and everything else would be given unto you... Make that shift away from the status symbols of cars, clothes, and money." -

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: What does Tia Mowry, Britney Spears, Jeannie Mai, Jeezy, Idris, and Lynn Toler have in common? They all are dealing with what happens after divorce. In this episode, we delve into the emotional and spiritual challenges of divorce through the heartfelt testimony of a woman who experienced unexpected marital dissolution. Despite her deep faith, she found herself grappling with anger, confusion, and a sense of betrayal. However, through her journey, she discovered resilience and the power of faith to overcome adversity.

Key Takeaways:

Unpredictability of Life Events: Life's most significant events, such as marriage, children, and death, can be both predictable and unpredictable. Divorce, in particular, often catches individuals off guard, highlighting the need for emotional and financial preparedness.
Coping with Anger and Disappointment: The speaker's raw expression of anger and disappointment towards God reflects the complex emotions experienced during times of crisis. While it's natural to question and express frustration, faith provides a foundation for healing and resilience.
Navigating Faith Amidst Challenges: Despite facing immense pain and disillusionment, the speaker emphasizes the importance of maintaining faith amidst adversity. Through prayer, reflection, and community support, individuals can find solace and strength to navigate life's toughest trials.
Financial Preparedness and Protection: Divorce often brings financial challenges, underscoring the importance of proactive planning. Ensuring correct account titling, appointing trusted guardians for minor children, and having early "what if" conversations can mitigate financial risks and safeguard assets.
Reclaiming Faith and Hope: While divorce may shake one's faith, it doesn't have to shatter it entirely. With perseverance and a resilient spirit, individuals can emerge from divorce stronger and more grounded in their faith. There is hope for healing and restoration, even in the midst of pain.

Quotes:

"God can take it. He can take that anger... But I stayed there for a little while." - Reflecting on the struggle to reconcile faith with feelings of anger and betrayal.
"Divorce was never going to be in the cards for me... How did you let this happen?" - Expressing disbelief and grappling with the unexpected turn of events.
"Do not lose your faith. You can come back from this... And I have faith in that statement." - Offering encouragement and hope to those facing the challenges of divorce.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode, Dave Ramsey addresses a listener's dilemma after inheriting money from their deceased brother. The listener's brother had named them and their eldest son as beneficiaries, causing tension with the deceased brother's children who feel entitled to the money. Ramsey offers insights into the importance of proper estate planning and beneficiary titling to avoid family conflicts over inheritance.

Key Takeaways:

Importance of Estate Planning: Ramsey emphasizes the significance of having a clear estate plan and updating beneficiaries regularly. Failing to do so can lead to misunderstandings and disputes among family members after one's passing.
Family Communication: Proper communication within families regarding financial matters and estate planning can prevent misunderstandings and conflicts. Clear intentions and instructions regarding inheritance can help avoid disputes among relatives.
Legal Entitlement vs. Moral Obligation: While legally entitled to the inherited money, the listener considers the moral implications of the situation. Ramsey suggests considering both legal entitlement and moral obligations when making decisions regarding inheritance distribution.
Financial Planning for Future Generations: Planning for future generations involves not only financial allocation but also appointing guardians and updating titling to ensure assets are distributed according to one's wishes and minimize family conflicts.
Seeking Professional Guidance: Seeking professional assistance from wealth management services can help Christians navigate complex financial matters and create plans aligned with their values and beliefs.

Quotes:

"You want to financially plan. You want to make sure you appoint your executors, appoint your guardians, and you want to make sure you update your titling."
"People who financially plan versus people who just accumulate and die. Do not just accumulate and die. You want to financially plan."
"They help Christians like you develop financial plans that will make God proud."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Join us in this thought-provoking episode as we delve into Russell Brand's recent baptism and explore the profound implications of his spiritual journey. From battling addiction to finding solace in faith, Brand's transformation sheds light on the enduring struggle between worldly pleasures and spiritual fulfillment.

Key Takeaways:

Russell Brand's baptism signifies a profound shift in his spiritual journey, highlighting the quest for meaning beyond material indulgence.
Amidst skepticism and speculation, Brand's journey serves as a reminder of the complexity of personal transformation and the search for authenticity.

Memorable Quotes:

"Realizing that it's the spirituality, it's God in and of himself that brings that peace and tranquility." - Podcast Commentator
"The purpose is to worship God. The purpose is to be a servant of God." - Podcast Commentator

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In a surprising turn of events, Candace Owens reveals her conversion to Catholicism, prompting reflections on the intersection of faith, personal growth, and life circumstances. Delve into the significance of this decision and its implications for Owens' personal and professional journey. Join the conversation as listeners contemplate the timing and motivations behind Owens' late-life religious transition.

Key Takeaways:

Candace Owens announces her conversion to Catholicism, citing a deep spiritual journey guided by faith and truth.
Reflecting on her decision, Owens shares insights into the influence of personal relationships and life experiences on her faith journey.

Memorable Quotes:

"Praise be to God for his gentle, but relentless guiding of my heart toward truth." - Candace Owens
"God really guides us at our lowest point." - A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this illuminating discussion, Condoleezza Rice offers profound insights into pressing societal issues, challenging prevailing viewpoints with clarity and conviction. Here are the key takeaways from her remarks:

Accountability and Moving Forward: Rice unequivocally condemns the events of January 6th, emphasizing the importance of law enforcement determining accountability for those who violated the law. She underscores the necessity of acknowledging past events while also focusing on addressing present challenges and future generations' needs.
Parental Involvement in Education: The former Secretary of State advocates for increased parental engagement in children's education. Rice highlights the formative role of parents during children's school years and encourages active participation in shaping educational experiences.
Constructive Dialogue on Race: Rice offers a nuanced perspective on race relations, emphasizing the importance of empowerment without instilling guilt or disempowerment based on race. She calls for a balanced approach to teaching history, acknowledging both its positive and negative aspects while ensuring children are not made to feel culpable for historical injustices.
Rejecting Hyperbole on Race Relations: Rice challenges exaggerated narratives about the current state of race relations, pointing out that progress has been made despite lingering systemic issues. She urges against perpetuating divisive rhetoric and emphasizes the need for constructive dialogue and understanding.
Embracing Progress: Despite acknowledging the persistent challenges stemming from historical injustices like slavery, Rice celebrates the progress made in race relations. She emphasizes the importance of recognizing and acknowledging this progress while remaining committed to further improvement.

Memorable Quotes:

"I said at the time January 6th was wrong. I called it an assault on law and order and an assault under democratic processes. So full stop it was wrong."
"Yes it happened. We have to move forward. But moving forward doesn't mean forgetting. But how we move forward is most important."
"Progress is being made. For us to deny that is the same as it was 50 years ago. 100 years ago is denying all the pain, emotional, physical, and spiritual."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode, host AB Ridgeway delves into the comparisons between the hush money trial involving former President Donald Trump and the past incidents of high-profile litigation, particularly that of former President Bill Clinton. He navigates through the complexities of the legal cases, highlighting key differences and addressing misconceptions perpetuated by social media and the press. AB encourages listeners to engage critically with the information presented and offers a perspective grounded in faith and moral principles.

Key Takeaways:

Legal Distinctions: While there are parallels drawn between Trump's hush money trial and Clinton's past settlements, it's crucial to understand the legal nuances. Clinton's payment to Paula Jones settled a civil lawsuit and was public and legal, whereas Trump's case involves felony charges and allegations of campaign finance violations.
Media Narratives: AB highlights the role of the media in shaping public perception and emphasizes the importance of discerning factual reporting from sensationalism. Social media users often spread inaccurate comparisons, contributing to misconceptions surrounding the cases.
Moral Reflection: Drawing from scripture, AB underscores the significance of personal accountability and moral integrity. He urges listeners to reflect on the implications of immorality, emphasizing the importance of seeking forgiveness and moving forward with integrity.
The Power of Money: Despite the allure of financial solutions, AB warns against the illusion that money can solve moral dilemmas. Both cases exemplify how unresolved issues of immorality can resurface, irrespective of financial settlements.
Faith and Forgiveness: AB encourages listeners to prioritize spiritual growth and forgiveness, emphasizing the transformative power of faith in navigating life's challenges. He reminds listeners of the universal need for forgiveness and redemption in the journey towards spiritual fulfillment.

Quotes:

"Money can only get you so far, and we've noticed that. People think with money problems will go away, but as we see here even with a million dollars, $130,000, the problems of immorality and not settling with your sin can come back to haunt you for a year, four years, or even 25 years."
"For both of these individuals, I hope that they have scripture close to them. I hope that this is a lesson for my listeners that listen, you need to control your sexual immorality because you don't want these things to catch up to you 20 years later, 25 years later."
"We've all sinned and fallen short of the glory of God. I'm sure everyone makes mistakes in one form or another but what we need to do is forgive ourselves, allow God to forgive us, move forward and don't try to cover things up with money."

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode, host A.B. Ridgeway explores the controversy surrounding former President Donald Trump's sale of "God bless the USA Bibles" for $59.99 amid mounting legal challenges. The episode features commentary on the intersection of religion and politics, prompting listeners to consider the implications of combining the Constitution with the Bible.

Key Takeaways:

Blasphemy or Blessing?: Reverend Lauren Livingston denounces the "Trump Bible" as blasphemous and disgusting, emphasizing the sacredness of the Word of God over political agendas.
Separation of Church and State: Ridgeway delves into the debate over the separation of church and state, acknowledging the challenges of navigating faith and patriotism in a diverse society.
Biblical Authority: The episode highlights Romans 13:1, which calls for submission to governing authorities, prompting reflection on the role of government in religious discourse.
Hypocrisy and Profit: Ridgeway critiques the hypocrisy of political leaders using religious platforms for personal gain while condemning Trump's Bible sales, urging listeners to consider the ethical implications.
Engagement and Discussion: Ridgeway encourages listeners to engage in respectful dialogue, inviting them to share their perspectives on the controversy and the intertwining of faith and politics.

Quotes:

"The gospel is not an American gospel; it is the gospel of the Lord Jesus Christ." - Reverend Lauren Livingston
"If you glory in political mess, you do not know what the Word of God says." - A.B. Ridgeway
"Your faith supersedes everything, but you've also got to love your country and the Constitution." - A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," host A.B. Ridgeway delves into the recent scrutiny faced by Morgan Stanley's wealth unit over anti-money laundering practices. He explores the concept of money laundering, the investigation's implications, and how it pertains to Christian investors.

Key Takeaways:

Understanding Money Laundering: Money laundering involves concealing the origins of illegally obtained money through a series of transactions to make it appear legitimate.
Regulatory Scrutiny: Federal agencies are investigating Morgan Stanley's procedures for assessing the risk of money laundering among clients, highlighting the importance of due diligence.
Ethical Considerations: Christian investors are reminded to uphold integrity and diligence in financial dealings, avoiding involvement in illicit activities like money laundering.
Online Transactions: As more financial activities move online, individuals must exercise caution and discernment, ensuring they engage in legitimate business practices.
Guarding Against Greed: Referencing biblical principles, A.B. emphasizes the dangers of succumbing to the love of money and encourages listeners to prioritize faith and honesty in their financial decisions.

Quotes:

"For the love of money is the root of all evil... Don't let the love of money turn you away from the faith, which is about truth, justice, and honesty." - A.B. Ridgeway
"As we step back, we realize that Morgan Stanley... doesn't care where the money's coming from because they benefit from it being there." - A.B. Ridgeway
"We must change our mindset away from the fear of the internet... but also protect ourselves and embrace discernment." - A.B. Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, we delve into the nuanced differences between the prosperity gospel and the concept of stewardship within Christianity. The speaker aims to clarify misconceptions and provide insights into how Christians can lead a life aligned with biblical principles of stewardship.

Key Takeaways:

Understanding Biblical Stewardship: Stewardship, as defined by the Idol Wild Foundation, acknowledges that God owns everything, and humans are mere stewards entrusted with managing His resources. It's a commitment to dedicating all aspects of life to God's service, recognizing that everything belongs to Him ultimately.
Examining the Prosperity Gospel: The prosperity gospel, associated with charismatic Christianity, often promises believers material wealth and health through positive confessions and devotion. However, it blurs the line between God's abundance and the human desire for accumulation, potentially leading to a skewed understanding of faith and wealth.
Differentiating Intentions: The fundamental difference between stewardship and the prosperity gospel lies in intentionality. Stewardship focuses on managing resources in alignment with God's will, using wealth not for personal gain but for the betterment of others and the advancement of God's kingdom.
Navigating Wealth and Faith: While biblical scriptures acknowledge God's provision and the potential for prosperity, they also caution against the love of money and emphasize the importance of generosity and contentment. Christians are encouraged to discern their intentions behind financial pursuits and prioritize the principles of stewardship over personal wealth accumulation.
Embracing True Prosperity: True prosperity, as understood through stewardship, transcends material abundance and encompasses spiritual fulfillment and obedience to God's purpose. It involves responsibly managing resources, investing in eternal treasures, and leaving a legacy of generosity and faithfulness.

Conclusion:

In conclusion, understanding the distinction between stewardship and the prosperity gospel is vital for Christians seeking to align their financial practices with their faith. By prioritizing intentions rooted in stewardship principles, believers can navigate wealth responsibly, honoring God with their resources and contributing to the flourishing of His kingdom.

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

🏦 Download our Free E-book- https://www.abrwealthmanagement.com/freechristianfinancebook

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode host AB Ridgeway explores the concerning trend of individuals planning to work indefinitely due to financial insecurity in retirement. Drawing from his extensive experience in the financial industry, Ridgeway discusses the societal pressures and financial habits contributing to this phenomenon. He emphasizes the importance of proactive financial planning and seeking guidance, particularly from Christian financial advisors, to secure a comfortable retirement.

Key Takeaways:

Fear of Change: Many people resist seeking financial advice or making necessary changes out of fear, pride, or shame. Ridgeway encourages humility and acknowledges the challenges of admitting financial struggles. He stresses the importance of seeking help from professionals, especially Christian advisors who offer understanding and support
Living Within Means: Ridgeway explains how debt accumulates when individuals live above their means, spending future income on present expenses. He warns against the pitfalls of consumerism and urges listeners to differentiate between assets and liabilities, avoiding excessive debt
Financial Preparation: With the looming uncertainty of Social Security and Medicare funding, Ridgeway urges listeners to take control of their financial future. He emphasizes the need for proactive retirement planning, including savings accounts, IRAs, and 401(k) plans, to ensure a comfortable retirement
Hope and Action: Despite the challenges, Ridgeway offers hope and encouragement, emphasizing that it's never too late to start saving and planning for retirement. He encourages listeners to take practical steps toward financial security, reminding them that faith in oneself and proactive decision-making can lead to a prosperous retirement

Conclusion: In a society plagued by consumerism and financial insecurity, it's crucial for individuals to break free from unhealthy financial habits and embrace responsible stewardship. Ridgeway's insights underscore the importance of seeking guidance, living within one's means, and proactively planning for retirement. By aligning financial decisions with biblical principles and seeking support from Christian advisors, listeners can navigate financial challenges with confidence and prepare for a secure and fulfilling retirement.

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

🏦 Download our Free E-book- https://www.abrwealthmanagement.com/freechristianfinancebook

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say the Darnedest Things," host AB Ridgeway discusses the recent updates announced by the Biden-Harris administration regarding rules aimed at protecting retirement savers' interests. The Department of Labor's revised definition of fiduciary aims to ensure that financial advisors prioritize their clients' best interests. AB explores the implications of these changes and their significance for investors.

Key Takeaways:

Enhanced Investor Protection: The updated regulations emphasize the importance of financial advisors acting in their clients' best interests, ensuring prudent and honest advice free from overcharges.
Importance of Fiduciary Responsibility: The fiduciary standard requires advisors to prioritize clients' interests over their own, preventing conflicts of interest and unethical practices that may harm investors.
Christian Financial Advisory Principles: AB emphasizes the alignment of his firm's practices with biblical principles, highlighting the importance of shared values between advisors and clients for a successful relationship.
Advisors' Accountability: The new regulations hold financial advisors to a higher standard of care, promoting transparency and accountability in the industry to safeguard investors' retirement savings.
Empowering Investors: AB encourages listeners to consider the implications of these changes and engage in discussions about how the revised rules may impact their retirement planning, fostering greater awareness and empowerment among investors.

Quotes:

"Financial advisors on all levels are now required to adhere to high standards of care and loyalty when recommending investments, ensuring clients' interests come first."
"As a Christian financial advisor, we focus on biblical principles, prioritizing values alignment with our clients for a successful partnership."
"The new regulations aim to protect retirement investors from improper recommendations and conflicts of interest, ensuring they can retire with dignity."

Subscribe to "Financial Advisors Say the Darnedest Things" to stay informed about the latest updates and insights in the world of financial advising.

Prayer: "Lord, guide us as we navigate financial decisions, seeking wisdom and discernment in stewarding our resources. May our actions honor You and serve the well-being of others. Amen."

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Episode Summary: In this episode of "Financial Advisors Say the Darnedest Things," host AB Ridgeway discusses the implications of the new overtime rule introduced by the Department of Labor. This rule aims to ensure fair compensation for Christian workers who often find themselves working long hours for low pay. AB explores the biblical perspective on fair wages and how this new regulation aligns with Christian principles.

Key Takeaways:

Fair Compensation as Biblical Principle: The episode underscores the biblical mandate to compensate workers fairly, drawing from passages like Deuteronomy 25:4 and Luke 10:7. It highlights the importance of aligning labor practices with Christian values.
Impact of Overtime Regulation: AB explores how the new overtime regulation addresses the longstanding issue of overworked and underpaid employees, particularly in Christian workplaces. The discussion revolves around the significance of this change in promoting justice and equity.
Navigating Negotiations: Listeners gain insights into negotiating fair compensation and work hours in light of the new regulations. AB emphasizes the importance of advocating for one's rights while considering the needs of both employers and employees.
Potential Challenges: The episode acknowledges potential challenges arising from the new regulation, such as employers cutting costs by reducing workforce or hours. It prompts listeners to consider strategies for protecting themselves in the evolving job market.
Engagement with Audience: AB encourages listeners to share their experiences and perspectives on the new regulation, fostering a dialogue on its implications for Christian workers. The episode concludes with a call to action for audience feedback and engagement.

Quotes:

"The work that we do, we should be compensated for. It is biblical."
"Do not muzzle an ox while it is treading grain."
"Workers deserve their wages."

Call to Action: Share your thoughts on the new overtime regulation and its impact on Christian workers. How many hours do you typically work per week, and do you feel properly compensated? Engage with us in the comments below and rate this episode to join the conversation!

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

It doesn't matter if you have adult children, young children ,or your a child yourself. The idea of paying for college never goes away.

But there is some good news for those who are seeking to help pay for higher education for their loved ones.

There are some new rules coming out through the Department of Education for the revised Free Application for Federal Student Aid better known as the (FASFA). So if you're thinking about higher education for your grandchildren or your children...Tune in as we explain the new "grandparent loophole" that improves the attractiveness of 529 plans on this episode of Financial Advisors Say the Darndest Things.

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

One day you are going to die. I don’t like to be so blunt but it is true. But a majority of investors make decisions about their finances as if this is not the reality. And if you die without a Will, you are basically leaving your family with the responsibility of picking up all of the pieces of glass, we call life, as it shatters into a thousand pieces.

On this episode, we are going to answer the question, what happens to my family when I die without a Will? How can I make sure that my prayers and wishes don’t die with me? And at what age should you create a Will?

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Former Dave Ramsey Employee Anthony O'Neal was SCAMMED out of $40,000 by a person who claimed they wanted to pay him $10,000 to be on a interview show. Not only did they steal the money but they put pornography on his Facebook page to distract them as they continued to take money from his accounts.

Tune in as I give my perspective on how to protect yourself and hear the full story so this doesn't have to happen to you.

To some estimates, patience is mentioned in the Bible over 70 times. And as we know, when we come up with statistics like these, some are direct, and some might be indirect. But what does it mean to be patient when it comes to investing and following God’s word?

As a Certified Private Wealth Advisor profession (CPWA®️), long-term investing and being patient is one of the core principles to a successful financial plan.

Get-rich-quick schemes and fast money overnight are not biblically based and have a higher failure rate than long-term investing.

It says in Galatians 6:9 Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.

In this episode, we talk about how to turn patience into prosperity with the Word of God.

Have you ever wondered why people say you can be a millionaire if you invest in your retirement? There is a really good explanation but not like you think. As many Americans rush out to open IRA accounts, this account may not be the secret to becoming a millionaire…or is it?

We will explore the benefits of opening an IRA account and see with a few calculations, if it is possible for you to become a millionaire by contributing every year to this account.

On this episode of Financial Advisors Say The Darndest Things

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Next Steps

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

If you are giving so much in tithes and offerings that your family is suffering, that is not investing or giving like a true Christian. And if someone wants to shame you into giving pastor or not, WITHOUT knowing your financial situation, they are a hypocrite and doing the devil’s work.

It says in 1 Timothy 5:8 says Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.

So before you even THINK about helping the community, make sure your family is safe and secure.

During this LIVE lecture, I explain some principles behind Christian investing and how by taking the proper biblical steps, we will be able to give MORE to the church, without risking losing our financial or spiritual lives.

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Has your boss ever called you on your day off about a client or a work assignment? Have you ever tried to lay down and relax, spend the day with your family and your phone gets bombarded with text messages and missed calls? Are you sick and tired of getting messages like these?

Well, California is sick and tired of it, too!

It is being reported that a new California bill would let employees ignore boss's after-hours calls, messages

In this episode, we will break down the new rule, how we got here in the first place, and how you can leverage this new rule to improve your work/life balance, especially if you perform remote work.

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

🏦 Download our Free E-book- https://www.abrwealthmanagement.com/freechristianfinancebook

🏠 Visit our Website: https://www.abrwealthmanagement.com

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Ever wondered how much money you needed before you could retire? If you were like many Americans a few years ago you threw out a random number like 1 million dollars but it seems like this magic number has increased in recent years.

In a recent survey by Northwestern Mutual’s 2024 Planning & Progress study, the gap between what Americans have saved and what they need is bigger than we think.

In this episode, we will explore, what is this "magic" number for retirement?

How close are you to reaching it?
How to get there?
And How much do you really need before you think about retiring?

Jesus is a shining example for Christian investors. In this lecture, I draw a parallel between how Jesus handled the false accusations of the Pharisees and how you should handle your finances as a Christian investor. I touch on the difference between the Law of Finance and the Wisdom behind finances and how it is only through the combination of these two, that we will be successful.

Listen in as Jesus takes the "traditions taught by men" and gives us wisdom that will lead to our salvation and our ultimate success with investing.

Social Security Commissioner Martin O’Malley announced he is taking four vital steps to immediately address overpayment issues customers and the agency have experienced. Commissioner O’Malley testified before the U.S. Senate Special Committee on Aging and the U.S. Senate Committee on Finance and we discuss those changes on this episode.

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Next Steps

📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Many investors are obsessed with Net Worth and want to know if they are on track for their age. In this episode, we review the Federal Reserves Survey of Consumer Finances which breaks down the National Average of Net Worth by age group. We also discuss how to calculate your net worth, the difference between median and mean calculations, the importance of being content, and some reasons why, the numbers come out the way they do.

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Create your Financial Plan:

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Federal Reserves Survey of Consumer Finances

scf23.pdf (federalreserve.gov)

Scammers NEVER give up. Every day there are new scams going around the internet. In this episode, we discuss how to identify scammers, 3 qualities that will make you vulnerable to a scammer, and 3 ways to protect yourself and your family.

It is said that women are more vulnerable to scammers. So if you have an elderly parent or you are approaching retirement and want to protect the women you love. This episode is for you.

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📞 Have a question for the show? Email us at: aridgeway@abrwealthmanagement.com

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Link to full article: https://www.cnbc.com/2024/03/08/op-ed-financial-fraud-targets-older-adults-how-to-recognize-it.html

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This is NOT a prosperity gospel. Jesus makes it very clear about which riches we should be rushing to acquire in Matthew 6:19-21 during his famous Sermon on the Mount. In this lecture, I debunk a verse that has plagued the Christian Community and kept us in poverty for far too long.

There are many ways to interpret this verse and as I always say, God knows best. This is my interpretation and I pray you enjoy the shift from the materialist idea of riches to the spiritual accumulation of wealth. As Christian investors, as we create financial plans, our goal should be to fulfill God's Will and not our own.

I also go over 7 Biblical Principles you can apply to your life today, and transform the way you see God and Money. So relax, and enjoy.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

If you have never heard me speak in public. This is a lecture I give about my past, how I started in Finances, and how you can take control of your life and your finances by reconnecting yourself with God.

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Check out this episode as I share my thoughts.

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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A caller called into the Dave Ramsey Show and said that a close friend lost $600,000 of her life's savings investing. He used fake statements and ordered checks to wipe her clean. His strategy? Day Trading. He told her that he was making big moves and ended up broke. In this episode, we explore the things that happened leading up to this robbery, and 2 biblical principles you can lean on to lower your chances of being ripped off.

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audio/video rights to Dave Ramsey: https://www.youtube.com/watch?v=ala1v9Q-5vA

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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Tipping culture is getting out of control. More and more taxes are appearing on the bill of your favorite restaurants. They are not even giving you a chance to tip. First it was automatic gratuity for large parties, and now they are taxing us to pay the employee wages and insurance. What do you think? Do you agree with how tipping is going in America? Do you think we should tip more?

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Check out this episode as I share my thoughts.

Dave Ramsey's thoughts on Tipping

https://youtu.be/VgNp1S_Fin0

Video source/audio credit and rights: Candace Owens Podcast: https://www.youtube.com/watch?v=LQCvBAsjZw0

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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There is an attack on Christians. Is it so hard to believe that there are people who are Christian who love their country too? There is an attack on Christians and this MSNBC pundit tries to "educate" us on Christian Nationalism and link it to extremist. This is ridiculous and Bishop Robert Barron comes and destroys her argument. As believers, we have to stand up for each other. This has nothing to do with Republican or Democrat. Red or Blue. This is a Christian problem. Because if there is no faith in our government, then our money has no hope.

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

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Candace Owens seems to be under attack as she is labeled a Christian Nationalist. This term has been floating around as an extremist term to label those who have Christian values and unafraid to express them. It seems to penetrating Hollywood as well. Unfortunately, people are using their money, trying to cancel Christians, any way that they can. That is why it is important to build your wealth, so you don't have to depend on others to fund your causes.

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Click to create your Christian Financial Plan:

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

If you should withdraw or not is a personal question. That is why we react to these different individuals. So listen in as there is another caller with a unique situation.

0:00 - Introduction

0:10 - Should I take out Social Security Now or Wait?

1:55 - When will you break even for your Social Security Benefits?

2:55 - Dave Breaks Down the Social Security Calculations of the caller

3:03 - A.B. Ridgeway doesn't agree with Dave Ramsey

5:39 - How to Find Out How Much Social Security Benefits You'll Receive

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Hear stories of investors who decided to take their Social Security early at age 62. You will be surprised on the diversity of outcomes that occur when making the same exact decision.

Key Moments:

0:00 - Introduction

0:20 - Retirees shares EMOTIONAL stories of Social Security Withdrawals

1:54 - Why Retirees Take Social Security Early and Why They Wait

4:03 - Final thoughts from A.B. Ridgeway

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Tired of paying $32 for late charges? Well, you might be in luck. Because President Biden just announced that they are capping the late charges on credit cards. They estimate that it will save Americans $10 billion in fees. But is this good for the American people in debt? Maybe. But what about the people who are not? Will this cause the credit card companies to make obtaining credit more difficult? Leaving those who really need it, out in the cold?

Check out this episode to find out more

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All rights reserved to ABC News: https://www.youtube.com/watch?v=xc2hdxcOuXY

*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

A caller had a question about Social Security. Her husband wants to go back to work, and she is thinking about retiring. What should she do? Should she take it early? Should she wait? In this episode, I give my reaction and some things I would consider when figuring out when someone should take Social Security.

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Video/Audio source: https://www.youtube.com/watch?v=MFVuHk3fYeE&list=WL&index=7

All rights to Dave Ramsey

Are you paying into Social Security for nothing? What could you do if you invested that money instead of giving it to Social Security. In this video U.S. Senator Tommy Tuberville doesn't hold back on the government spending problem. If you are preparing for retirement, you need to hear this.

Key Moments:

0:00 - Can Retiree's live off of 2,000/month?

0:55 - What if I could invest my Social Security?

1:07 - Can we rely on the government to save for our retirement?

1:45 - Why is Social Security taxed twice?

2:50 - Low income and African-American may not get anything

3:55 - What is the solution to the Social Security Problem?

Weight Watchers stock plummets 20% as billionaire decides that drugs instead of hard work is the answer.

History just repeats itself, I guess, because Oprah Winfrey is promoting yet another weight loss program. After 50 years of promoting Atkins, WeightWatchers, and bringing on countless health experts. She is turning to drugs. Even as a billionaire, she is under to control what she eats. She has the resources to have someone cook every single meal for the rest of her life, and yet, she is taking a shortcut.

What do you think?

Do you think we can bypass work and discipline for a pill or a shot? Or are drugs the new answer?

God has made natural food perfect for us. If we stuck to the God made food instead of the man made food, we wouldn't need drugs in so many cases. Only when necessary. But definitely not for vanity.

You don't have to depend on wealthy parents to become a millionaire. In this video, I react to 3 tips that Ramit Sethi, who is the host of Netflix's "How To Get Rich" and New York Times bestselling author of "I Will Teach You To Be Rich" shares on this video.

Are you doing these 3 things? Are you are on track to becoming a millionaire? Check out this episode and find out?

To speak to a Christian Financial Advisor about your journey to becoming a millionaire click below:

https://www.abrwealthmanagement.com

Video and sound credit: https://www.youtube.com/watch?v=Sriduzz9NjM

In a viral clip, Chad "OchoCinco" Johnson explains why he saved nearly 83% of his salary from the NFL. As a multi-millionaire, he speaks to the insecurities and our need for validation that causes us to spend money unnecessarily. This clip was so viral the Dave Ramsey show picked it up and in this episode we both give our takes on what it means to live a luxurious life.

To speak with A.B. Ridgeway:

https://www.abrwealthmanagement.com

Dave Ramsey via YouTube sounds/video credit: https://www.youtube.com/watch?v=vqDwZY7HkCU

A deceased father did not leave a will. This was his second marriage and his surviving wife has left the state, leaving the home unattended and not paying the mortgage. His daughter wants to move in and has been paying the mortgage but she can't keep up with two households. To her surprise, she has NO rights to the home because it is community property and if she doesn't pay, they will love the home.

In this episode, we speak of the importance of a Will and how this could have been prevented.

If you don't have a Will and need one, schedule a call and let us help you through that process:

https://www.abrwealthmanagement.com

Texas millionaires have been a thing of legends. But what if I told you, that is wasn't a myth? This millionaire shares his secret to success. For believers, this is no surprise.

There may be some massive layoffs for companies coming. What will you do if it happens to you?

Late December 2023, Newsweek reported that over the 900 companies they surveyed 4 out of 10 of those companies were considering layoffs due to the anticipation of recessions and others stated they were reducing the workforce in favor of AI or artificial intelligent technology.

In a time like this, many employees are worried about their performance. Will last year’s performance review be the nail in your coffin or the nail that solidifies your job position?

In this episode, I am going to give you 3 things you can do to prepare yourself in case your number is called and you have to look for a new job.

And stick around to the end because I have a special gift for those who get through all the steps.

Download our resource guide: Things To Consider Before You Get Laid Off

Schedule A Consultation:

https://www.abrwealthmanagement.com

When a young couple gets together one of the first things they start to do is to combine their resources. OK! We're finally married, let's get a house together, let's get a bank account together, let's do this thing we call life... together!

But one vital question we don't ask is, Are you currently saving for retirement and if so how are you doing it?

In this episode we will discuss different vehicles like the 401k, IRAs, and Roth IRAs to help you better understand how they work.

Typically when two people meet they go on a few dates and they start to ask some important questions like: Where are you from? How how did you grow up? What are some things you like to do? And what are your plans for the future? But many times we don't ask important questions like How much debt do you have do you have, and do you have any plans to pay them off?

So today I'm going to meet you somewhere in the middle. I am not telling you if someone has outstanding debt that you shouldn't date them or that you shouldn't get married to them. But what I am telling you is that if you come across this important key factor of outstanding debt and they're willing to pay it off you can develop a strategy to pay it off. This way you can have the fairy tale story ending that you've always dreamed of which is to live happily ever after.

To schedule a consultation click the link below:

https://www.abrwealthmanagement.com

This concept is the cornerstone of a Retirement plan and can either make it or break it. If you are in debt, it can feel like quicksand that is slowly taking you down. If it is with your investments, it feels like a gift that keeps on giving.

In this episode, we go over the principle of Simple and Compound interest, the compound effect of our evil and our good deeds, and how you can grow your wealth in the right direction.

To create your Christian Financial Plan click below:

https://www.abrwealthmanagement.com

Many times when we think about unity we think about congregating amongst other believers. We surround ourselves with Bible study, Vacation Bible School, mission trips, and of course Sunday service.

But is this self-segregation to dwell JUST amongst Christians and turn our backs on society? Is it healthy? Is it what our Christian community needs? Or is it hurting us more than it is helping us?

In this episode, I'll like to address 3 points about the unity in the Christian community and how you can contribute to its growth as opposed to its destruction.

1) The basics of fellowship and staying true to your biblical principles

2) breaking free of the algorithm and social mirroring and

3) Avoiding conceit and vain ambitions

If the future of the Christian Community concerns you, be sure to tune in.

To work on your financial plan, click below to schedule some time to speak with A.B. Ridgeway:

https://www.abrwealthmanagement.com

For more articles from Carrie Mckean go to:

https://www.carriemckean.com

A pastor who is accused of stealing $3MM from his congregation in a cryptocurrency scheme and says he got help from the Lord.

This news is coming from the Associated Press as it is being reported that Colorado’s securities commissioner filed civil fraud charges against Eli Regalado and his wife Kaitlyn Regalado, saying the Denver couple targeted the Christian community and told followers that God would make them rich if they invested in a cryptocurrency he created called INDXcoin from 300 of its members.

In this episode, we explore 3 lessons:

1) Don't give money to God in hopes of making more money

2) Beware of blind faith

3) And always use your critical thinking skills

It is no secret that Americans are in trouble with consumer debt reaching over $1 trillion. But what is at the root of the spending habits? In this episode, I'll be able to help you overcome some of these spending habits so you can have more money and become a better steward of God's wealth.

Some topics we cover are:

-Spending on Convenience and not Value

-Making Impulse Decisions at The Store and

-Retail Therapy

If you struggle with some of these issues, this episode is for you.

To start overcoming some of your spending habits, schedule a consultation below:

https://www.abrwealthmanagement.com

As Christians, we have two sets of priorities: Financial and Personal. The financial priorities are savings for retirement, creating a financial plan, and investing. The personal priorities are taking care of your family, stewarding God's wealth, and enjoying the life God has blessed you with.

In this episode, we go into detail about how to set these priorities so you can be the person, you always wanted to be.

Speak with a Christian Financial Advisor and create your financial plan:

https://www.abrwealthmanagement.com

Everyone wants financial freedom in Retirement. But how do you achieve financial freedom? In today's episode, we go over the key points of establishing an Emergency Fund and how you can set realistic savings goals that can prepare you for life's biggest emergencies.

Bible reference: 1 Peter 3:15 - But in your hearts honor Christ the Lord as holy, always being prepared to make a defense to anyone who asks you for a reason for the hope that is in you; yet do it with gentleness and respect,

Click below to create your Savings Goals plan:

https://www.abrwealthmanagement.com

Simon Sinek is famous for his quote “Starting with the Why?”

This one line shook the industry as everyone started to quote it as if it were a new phenomenon. I appreciate him sending this message to the masses but this is a concept that Christians have known for thousands of years.

Our why brothers and sisters is to make it to the Hereafter.

The way we walk, the way we talk, the way that we treat our fellow believers and non-believers is nothing but a test for how we will conduct ourselves in the Hereafter.

In this episode, we discuss Moses and his attempt to get the minds of the believers off of false gods and turn their focus to meeting their Creator.

To speak with A.B. Ridgeway, schedule a meeting below:

https://www.abrwealthmanagement.com

Many Christian investors have a good income. And every year, their job gives them a raise but for some reason, they are still living paycheck to paycheck.

In this episode, brothers and sisters, we are going to help you determine your expenses and how to track them, so you can

See where your money actually goes and I’m sure it is different than what you think.
Make some adjustments and direct more money into the things you want to do and away from things you don’t
Take control of your money and empower yourself to be the best Steward of God’s Wealth.

Click to schedule some time to go over your budget:

https://www.abrwealthmanagement.com

When we are creating a retirement plan, we have to be very realistic with the numbers that we input. Because these numbers are correlated in many ways.

Your income is going to determine how much you can spend, it is going to determine how much money you can be loaned for things like houses and cars, and it is going to determine how likely it is that you won’t run out of money in retirement.

It feels like taboo to discuss your income. But why is that brothers and sisters? Because as a society, we have equated how much we make to the amount of VALUE we bring to society.

We think the person who makes $1,000,000 a year is more important than the person who makes $75k per year.

In this episode, we talk about what stage you are in: Growth, Maintenance, or Preservation, and how you can stabilize it to create more accurate financial plans.

To discuss your financial situation click below:

https://www.abrwealthmanagement.com

If you are thinking about retiring there are a few things you need to know such as, your income sources in retirement. How are you going to pay for things with no income? How much do you need to live the life you want? And how long can you live off of this money?

In this episode we talk about Social Security benefits and the ages you need to know, how to calculate how much you need in retirement, and how to stay retired once you leave your job.

If you are about to retire without a retirement plan, this episode is for you.

Schedule a consultation:

https://www.abrwealthmanagement.com

What does the Bible say about Love? In this episode, we explore love as defined in 1 Corinthians 13:4-8. As Christian investors, our success is not a dollar amount but a strengthening of our relationships especially with God. Join me, as I give 3 things you can do today to make love work in your life today.

Schedule a Consultation:

https://www.abrwealthmanagement.com

Everything is more expensive. In this episode, we take a look at the housing market and see what is causing it. Because if we are barely paying our bills when employment rates are low, what is going to happen when they get higher?

Create Your Christian Financial Plan:

https://www.abrwealthmanagement.com

After 180 episodes we decided to have a more light-hearted conversation. This episode is for those who are just getting into Christian Investing and starting their retirement plans. We briefly discuss the Emergency as an example of how we think about Finances.

The point of the episode is to let new investors know that God will give them signs. They will never be alone. But we have to develop an intuition and that only comes from reading his Word for yourself, and getting around financial information as much as you can. This will help with your discernment so you can make better financial decisions.

If you are looking for a light listen, this is the episode for you.

It is being reported that Joel Osteen's Lakewood Church as the victim of an open shooter. The suspect was killed during the incident by police on the scene. In this episode, we share the news coverage and what Christians can do going forward.

Your house is going to be one of the biggest purchases you will ever make in your life. What if I told you that you could pay it off faster with little to no extra money? In this episode we go over two mortgage repayment strategies that could possibly save you thousands if not hundreds of thousands of dollars in interest payments and knock years off of your loan.

If you own a home or thinking of getting one, you don't want to miss this episode.

Start your Christian Financial Plan;

https://www.abrwealthmanagement.com

What if I retire at 63 instead of 65? What if I pay the down payment on my child's first house? What if I take Social Security early? These are 'What If' questions many Christians ask when it comes to their finances. In most cases, they just go with their heart and make the leap of faith. Unfortunately, it is this blind faith that leads us to disaster.

In this episode, I explain how financial planners use a Monte Carlo Analysis to help you make better financial decisions. It runs over 10,000 scenarios and gives us a probability of success. If you have a lot of 'What If' questions about your retirement, this is the episode for you.

Retirement at 60 sounds great but are you ready? When we think of retiring, we think of all the leisure time we will have, but what are some things you need to prepare for. In this episode, we discuss social security and the 3 ages you need to understand when planning. 62, 67, and 70. Depending on when you retire, it can change what you spend in retirement and how much fun you actually have.

If you or a loved one is on a job hunt, you are not alone. It seems like the tides are turning. In 2020 and 2021 when everyone was hiring but no one wanted to work during the Great Resignation, it looks like now that the fun is over, they are looking for their jobs back. But employers are not quick to receive them. In this episode, I explain that the old 3-6 months of savings may be old news, as job seekers may need more time to look. So extending the savings to 9-12 months, may ease the pressure of the job search when it happens.

Schedule a consultation with us:

https://www.abrwealthmanagement.com

Audio Credit: CNBC

Words matter. More than we ever know. We potentially speak 20,000 words per day. How many of those words are kind? In this episode, I speak about Kylin's Kind Words that teaches us that no matter where we are in life, no matter what we have or don't have...we will always be able to give 1 kind word. And that one word, may be the word that changes someone's world.

Lust is not strictly about sex. Christians can fall victim to the LUST of money and the things it brings. In this episode, I break down using 1 Timothy 6:10 as a guide on how lust can take many forms in our lives and how money is one of them. We will discuss wealth and how God tests our faith with poverty and prosperity. So if you don't want to fall victim to the whispers of Satan, you don't want to miss this episode.

Start a Christian Retirement Plan:

https://www.abrwealthmanagement.com

As Christian parents we want our kids to be successful in life and give them a head start. But how long is too long to support a child? Are 44% of adult children really receiving support from their parents and pulling from their retirement savings? If so, this is very dangerous because we will have generation of adults that don't have any money and will have to depend on the government.

In this episode, we react to Fox News and their report and see if this is something we should be worried about, or it will go away soon.

If you need a Christian Financial Advisor visit us at:

https://www.abrwealthmanagement.com

All video credit to: Fox News

Life is short. We don't know when God will call us home. In today's episode, we take 5 minutes to report on the death of Mr. Michael Gill (56) who was brutally gunned down in a carjacking incident by a 28-year-old in Washington D.C. Tomorrow is not promised so what can you do today to make sure the people you leave behind are taken care of? Death doesn't have an age requirement. But God has a plan.

Over 40 percent of Christians surveyed said they were switching churches. It seems they are looking for churches that are more authentic and align with their values and beliefs. This may be the death of megachurches as Christians are looking for spaces where they can add value and not just give tithes. In this episode, we discuss some of the reasons and how you can leverage your finances to make a greater impact at the church you call home.

To start your Christian Financial Plan, schedule a consultation below:

https://www.abrwealthmanagement.com

To download your free e-book 4 Pillars to Christian Investing go to:

https://www.abrwealthmanagement.com/freechristianfinancebook

Full article:

https://cmsedit.cbn.com/cbnnews/us/2024/february/church-switchers-more-us-christians-are-hungry-for-authenticity-in-the-community

Which is better? Money affirmations or the power of prayer. In this episode, we explore the practice of famous books like Think and Grow Rich and compare them to the Bible. Are we paying for things that we have for free in our religion? Can we achieve the same goals by using the strategies in the Bible vs the strategies of these self-help books? And are these books just copying the Bible and selling it to you? We answer all of these questions and more.

Click below to schedule a consultation and start your Christian Financial Plan:

https://www.abrwealthmanagement.com

Account titling is one of the main reasons why Christian Financial Plans fail. Without the proper titling, the money will NOT go where you think it will go. In this episode, I tell the story of a hard-working child who helped her parents through 2 deaths and couldn't fulfill her mother's dying wish because she didn't title the accounts properly. Don't let this happen to you. Listen to the 3 FREE and EASY steps to updating your account titling.

Schedule A Consultation:

https://www.abrwealthmanagement.com

Have you ever rushed to get somewhere, only to realize you forgot to enjoy the ride? That is what happens to us when we don't have beautiful patience. We spend 20-30 years of our lives rushing and worrying about our money, and then when we retire, we realize we missed most of our lives for nothing. In this episode, I talk about 3 ways to have beautiful patience when investing, so you can enjoy your present and your future.

What happens when the accounts for the inheritance are unfair? Can you do anything once a person adds others to their accounts as a co-owner? Today, we answer a question of someone who is getting the short end of the stick. Out of their mother's nearly $2MM estate, she is only getting $100,000 as she watches her brother own about $1.3MM of it. Tune in as I give my take.

🎯 Work with me 🎯 I am a Christian Financial Planner providing financial planning services in the US. If you would like to find out more about working with me, please follow this link: https://www.abrwealthmanagement.com (LIMITED AVAILABILITY)

Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf

Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt

Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation

Leave a Comment If You Like This Video

Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. This channel is for education purposes only and does not constitute financial advice - A.B. Ridgeway is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst A.B. Ridgeway is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer).

Do you believe that God Owns It ALL? If you do, you are half way there. As Christian investors we must understand that God is in control. That we are merely stewards of his wealth. In this episode I explain 2 qualities and their impact on a financial plan. Without them. The plan will fall apart.

🎯 Work with me 🎯 I am a Christian Financial Planner providing financial planning services in the US. If you would like to find out more about working with me, please follow this link: https://www.abrwealthmanagement.com (LIMITED AVAILABILITY)

Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf

Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances?

Schedule A Consultation https://www.abrwealthmanagement.com/consultation

Leave a Comment If You Like This Video

Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. This channel is for education purposes only and does not constitute financial advice - A.B. Ridgeway is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst A.B. Ridgeway is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer).

You are about to retire, now what? Well for Christian investors this is a new opportunity to figure out what God has called them to do. They have served the needs of a company for 20 years and now it is time to serve their purpose. Don't let this opportunity pass you by. In this episode, we discuss 3 steps you can do today, to not just plan TO retirement, but to plan THROUGH retirement.

🎯 Work with me 🎯 I am a Christian Financial Planner providing financial planning services in the US. If you would like to find out more about working with me, please follow this link: https://www.abrwealthmanagement.com (LIMITED AVAILABILITY)

Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf

Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt

Need Help With Your Finances?

Schedule A Consultation https://www.abrwealthmanagement.com/consultation

Leave a Comment If You Like This Podcast

Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. This channel is for education purposes only and does not constitute financial advice - A.B. Ridgeway is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst A.B. Ridgeway is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer).

Can a rich man get into the kingdom of heaven? What if I told you that you were rich according to global standards? Would that mean that you were destined to an eternity in Hell Fire? In this episode, I give a financial perspective to the story of the Rich Man and Jesus and how you can be wealthy and still get into the kingdom of heaven, as explained by Jesus himself.

To download a copy of the 4 Pillars of Christian Finance and schedule a consultation go to:

www.abrwealthmanagement.com

We all fear something. But is it a rational fear or an irrational fear? And if so, how do we overcome this fear, or lower it? In this episode we give you 3 steps every Christian can take to overcome their fear of losing money and we reference the Book of Genesis and it's emphasis on 'Fear Not'

Schedule a Consultation:

https://www.abrwealthmanagement.com

If you left your job, why would you keep your money there? There are many things to consider before you do, but one thing we strongly advise is to always be in control. In this episode we give you 3 things to consider before taking your retirement and how to avoid the common mistake of forgetting about your retirement savings.

Visit us at: www.abrwealthmanagement.com and schedule a consultation if you need help withdrawing your retirement account

Today we react to Dave Ramsey and his take on how some professions do better than others and how we can be successful if we just do this...

https://youtu.be/ZvfYUUTTnHM

Did you know that 'FEAR NOT' is in the Bible over 60 times, and some say it is referenced up to 365 times?

We all get scared. But is it a rational fear or an irrational fear. In today's episode we talk about fears we can control, and fears that we cannot as Christians.

Scripture reference: 2 Timothy 1:7- For God gave us a spirit not of fear but of power and love and self-control.

https://youtu.be/wHAZQ57FkkA

Audio credit: DaveRamsey

What is a "good" income? A caller by the name of Kelly from Ohio called in with this exact question and I am going to give my perspective on the situation. Do you think $36,000/year is a good income?

"I don't want to run out of money." That is the number one question I hear from Christians planning to retire. In this episode, I share 4 factors that may increase or decrease that retirement savings goal. As inflation rises, Christians need to make sure they are saving enough, so once they are retired, they can stay retired.

Set up a consultation:

https://www.abrwealthmanagement.com

Have you ever felt like you were doing all the right things for the wrong reasons?

In this episode, I share my story on why I started a Christian Investment firm and this Christian Finance podcast. This podcast is going in a different direction and it will never be the same.

Social media advice is scary. This man makes 10 false accusations about financial advisors while encouraging people to disregard them. It took less than 6 minutes to debunk every single last one of them. If you haven't hired an advisor because of clips like these, I hope you reconsider after listening. Also be sure to share to save your friends. Only the Lord knows how many people he has attracted.

The Employee Stock Purchase Plan is a little known program where you can get a discount on the company stock that you purchase. Tik Tok has a new trend where creators are making videos about not being motivated to earn more money for the Shareholders. But what if I told you that if you own the stock you are a shareholder as well? So you are basically working to make yourself more money. That's the win/win. In this video, I explain how they work and why you should consider them.

Matthew 26;41 Watch and pray that you may not enter into temptation. The spirit indeed is willing, but the flesh is weak.” The credit card companies prey on the fact that you want something TODAY. So they provide you with the capital to do it at outrageous rates. Knowing that you can't afford it now, or later. This cycle keeps us in debt as new things catch our eyes, and new lines of credit is extended to us until we nearly go bankrupt. On this episode, we examine this demon and hopefully you gain some insight on the evil that is perpetual debt.

Tipping is out of control. Many companies argue using the Appeal to Emotion Fallacy. It is because the servers are so underpaid and need your help. But this is not the truth. Legally, they should get the same minimum wage but employers don't want to pay them. Why? Because servers are also lying about their wage. In this episode, I expose who tipping practices can be illegal and expose the lies they tell us to make them pay what they should be paying to their employees.

Americans hit the $1 trillion mark in debt and if you don't want to fall deeper into this trap stay tuned as we breakdown why consumers are in debt, how to read the warning signs from credit card companies, and the dangers of Buy Now Pay Later programs.

Need help with your finances? Schedule a consultation by using the link below:

www.abrwealthmanagement.com/consultation

Former Philadelphia Eagles wide receiver and punt returner DeSean Jackson officially retired as a Philadelphia Eagle on Friday, Dec. 1 but he doesn't look ready. After looking at his body language, listening to his press conference. I believe that he doesn't have a financial plan for the next 30+ years he has until he officially retires.

Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf

Like you, I’ve read all of the get rich books like Think and Grow Rich by Napoleon Hill Rich Dad Poor Dad, Awaken the Giant Within, and all the books that you could even imagine on Self-Help and Finances. But there is one book that none of these gurus can ever top and it's the Bible. Here I give my top 5 lessons that can instantly change your financial situation.

Elon Musk tells advertisers that they can go F*** themselves when asked about a recent boycott involving Disney’s CEO. In this clip from Fox News, I break down how this attitude of Me against the World is not such a bad idea when you are talking about planning your personal finances. Retirement saving would be so much easier if we took this approach.

Warren Buffet must be saddened by the passing of Charlie Munger, a long term business partner. Charlie was more than a retirement guru. He knew finances but was an honorable person as well. And in this episode I just share a few kind words to help him on his journey to meet his Creator.

Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf

You wouldn't believe what happened. Well maybe you would believe it. The stores got caught manipulating prices for sales. A woman exposes them and goes viral with over 30MM views.

And I am here to share with you how they do it and how you can protect yourself from it.

Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know"

http://eepurl.com/hXdQjf

Click below to subscribe on your favorite podcast platform:

https://pod.link/fastdt

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Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Financing a car is easy. Getting a good deal is hard. Here are 3 things you need to consider before you buy your next car or think about selling your current car.

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Leave a Comment If You Like This Podcast:

Meet the Host:

A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

Whether you have a lot of money, or very little money. You deserve to be happy. In this episode we share 3 scriptures, one from Jesus, one from Paul, and one from John that will help you find happiness in whatever financial situation you are in.

The fear of missing out comes from our desire to be accepted in society. We are social creatures and therefore social investors. What others do, matters...to an extent. On this episode we explore how you can overcome this fear of missing out, and I give 5 things you can do today to help defeat this cognitive monster.

Why are smart individuals making bad decisions when it comes to their finances. Stay tuned as we discuss financial dysfunction, establishing a check and balance system, and how leading with your faith can change the way you handle your finances forever

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During this episode, I bring on Cary Carbonaro which is one of the most decorated women in the financial industry. You probably heard her amazing story on the Michael Kitces podcast, or seen her on your TV screen. If you go to her website carycarbonaro.com you will find pages and pages of Press coverage telling her story how you went from an abusive relationship to ranked one of the top 100 financial planners by Investopedia.

Do you constantly look at your investments? Always looking at your phone or your computer, trying to see if it is moving in the right direction? Are you anxiously waiting for the statement and nervous to open it up? On today’s episode, we talk about why that is not a good idea and give you a way to avoid this investment trap.

Recently Dave Ramsey had a rant where he claimed that an 8% withdrawal rate was a safe rate to take out of your investments. On this episode, I run the numbers and show you how the one mistake he made could cost that investor in the hypothetical over a quarter of a million dollars.

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4 Pillars of Christian Finance

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Article Referenced:

Supernerds Unite Against Dave Ramsey’s 8% Safe Withdrawal Rate Guidancehttps://www.thinkadvisor.com/2023/11/13/supernerds-unite-against-dave-ramseys-8-safe-withdrawal-rate-guidance/

Money without money management skills is worthless. Today we discuss the biblical mindset you can experience INSTANTLY that will take your happiness to the next level.We discuss:* The power of using Anchors * The meaningless of life but the fulfillment given by God and * How to build a portfolio you will be happy with.

All of this and more on this episode.🎯 Work with me 🎯 I am a Christian Financial Planner providing financial planning services in the US. If you would like to find out more about working with me, please follow this link: https://www.abrwealthmanagement.com (LIMITED AVAILABILITY) Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. This channel is for education purposes only and does not constitute financial advice - A.B. Ridgeway is not responsible for investment actions taken by viewers. Please seek out a regulated advisor if you require assistance (whilst A.B. Ridgeway is a financial adviser, he does not provide advice through this Youtube Channel, which is not affiliated with his employer).

In this Episode We Discuss:💵 How to change your money story and achieve ultimate success💵 The top mental traps that keep investors from growing true wealth💵 Building a legacy that you will be proud to pass on to the next generationSchedule A Consultation with Marcella Mollon-Williams, BFA™️ https://www.marcellamwilliams.com/ Subscribe to our podcast Financial Advisors Say The Darndest Things https://www.abrwealthmanagement.com/podcast Join our Newsletter: http://eepurl.com/hnxGcD Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video

Kevin is a former New York Yankee baseball player who was a victim of the Allen Stanford $7.2 Billion Ponzi Scheme. From that day forward, he has dedicated his life to spreading financial literacy to the community. On this episode, we discuss:⚾ What qualities should you look for in a financial advisor⚾ How To master the spiritual side of wealth⚾ How you can expand your community and the kingdom of God by learning finances.Be sure to check out 9i Capital Group to find out more about Kevin and his amazing contributions.9i Capital Group Website

Join us as we explore the world of passive real estate investing. Go behind the scene of a sponsor who can help you take the leap of faith and invest in a future that you can be proud of.About Angie Aki:Founder, Ohana Investment Partners in Orlando, FloridaAngie Aki has been a real estate investor for the past 4 years. She left a successful pharmaceutical sales career in 2019 after 18 years in corporate America to enter (active) real estate investing full-time and made multiple six-figures the year she quit her job. This is about the time she discovered passive real estate investing. And she fell in love. Angie has made well over 6 figures in the past 4 years by investing passively in real estate.Angie is now combining her active and passive investing experience to bring you opportunities so YOU can grow your wealth alongside her. She is focusing on small to mid-size multifamily & commercial projects in the Southeast US, as well as building and entitlement projects in Florida.Working on her mindset and limiting beliefs allowed her to catapult to success as a real estate entrepreneur very quickly. Angie now lives the life she has dreamed of. She runs multiple, successful businesses while growing her wealth and enjoying the freedom of time. She makes more money and impacts more lives than she ever imagined and she is now helping others do the same.If she can do it, so can you! Let’s get you to where you want to be!Website: https://ohanainvestmentpartners.com/

Casey Stubbs is the host of the popular podcast "How To Trade It," where he shares his insights and expertise in the world of trading. In addition to his podcast, Casey is also the founder of TradingStrategyGuides.com, a website that offers a variety of trading strategies and resources for traders of all levels, Learn To Trade For Profit, a lead-share opportunity, and Global Prop Trader, a proprietary trading site. With over two decades of experience in the industry, Casey has a wealth of knowledge to share with his audience, and his podcast and websites are widely considered to be among the most valuable resources for traders looking to improve their skills and increase their chances of success in the markets. He's recently released a new book, entitled The Complete Trading System: How to Develop a Mindset, Maximize Profitability, and Own Your Market Success. Connect With Casey Stubbs Website: https://tradingstrategyguides.com/ Website: https://caseystubbs.com Website: https://globalproptrader.com/ YouTube: https://www.youtube.com/TradingStrategyGuides YouTube: https://www.youtube.com/caseystubbs Twitter: https://www.twitter.com/caseystubbs Facebook: https://www.facebook.com/TradingStrategyGuides LinkedIn: https://linkedin.com/in/caseystubbs Subscribe to our podcast Financial Advisors Say The Darndest Things https://www.abrwealthmanagement.com/podcast Join our Newsletter: http://eepurl.com/hXdQjfNeed Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt

Today we will discuss:

🦁 Why society has made it almost impossible for men to express themselves

🦁 Finding a community of men who fully understand your trials and tribulations

🦁 How mastering your finances can add stability to an already volatile world.

Be sure to check out The Lion Within Us to find out more about Chris and his amazing contributions.https://lnkd.in/gRAuu3kT

Don't forget to like and leave a comment.

Definitely 2 men of God and their company is based on the scripture from Malachi 3:10- Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.And to say these men have been blessed by the spirit is an understatement. As soon as you hear them speak, you know they are filled to the brim with inspiration and love for all mankind.If you don’t smile when you meet these two that means your hearts are hardened. They have been close friends for years and just as they won’t let their business get in the way of their faith, they won’t let a business get in the way of their friendship.To Learn More Visit:Storehouse 3:10 Mastermindhttps://www.storehouse310.com/mastermindStorehouse 3:10 Turnkey Websitehttps://www.storehouse310turnkey.com/

Listen to our new guest Bracha Goetz

You are doing financial affirmations WRONG...

In this episode, I break down, why you can't seem to get ahead. You are trying to invest but nothing seems to work. You are in business and praying but your prayers don't seem to be answered.

You have the business plan, the resources, but something isn't clicking.

Today, we explain the principle you are missing!

#positiveaffirmation #finance #investing #God #money

A.B. Ridgeway starts off the year by explaining the difference between faith and works and the purpose of this podcast. If you want to feel a greater purpose in life, feel less stress, feel closer to God, feel free from selfishness and money, and learn how to be faithful in what God has entrusted you with, you are listening to the right podcast. As believers, we share your values, and strong moral character, and with our technical skills and Christ centered network, our show aims to help you give faithfully. Because we want to help you, make financial decisions that will make God proud.

He is the CEO of Finlit Tech which is a combination of Financial Literacy and Financial Technology. He is creating a space where children as young as 5 years old can have access to financial education through fun and interactive platforms that are engaging and encourages growth.

Today’s conversation is going to get really deep but it is said that we can’t help others unless we are able to help ourselves.

We discuss the 3 challenges families face when it comes to finance: lack of awareness, receiving financial education too late, and diversity gaps.

We discuss his new book The 4 Money Bears that correlate with the 4 ways we manage money and how we have only been leveraging half.

And finally we break down what the future looks like for us, and the next generation and how you can be the change you want to see.

So if you wish you would have received better financial education earlier in life, then tune in, because your listen just may help save a generation.

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We will be discussing an article from Fox News that says Victoria Cobb, president of the non-profit Christian lobbying organization Family Foundation of Virginia told Fox News Digitial that several members of her group were scheduled to hold a private event at a side room at Metzger Bar and Butchery in Richmond, when they received a call an hour and a half before the reservation saying their reservation had been canceled...because they were Christian! This is sad and sick.

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Full Article:

https://www.foxbusiness.com/politics/virginia-restaurant-cancels-family-foundation-event-groups-views-abortion-traditional-marriage

Does this sound familiar? I am looking for an investment that I can put my money in and live off of the dividends. I don’t want to touch my principle but I just want to take out what it makes. If you are like millions of investors, this sounds like the perfect plan. Your money is making money. Your money is working for you. And you are on your way to living like the rich and famous….

Well…hold on just a moment.

All of these adages or sayings are great and all but they are cheap and shallow if I am going, to be honest. They are catchphrases that are as deep as a Mississippi mud puddle.

Today I want to teach you a few principles around dividends, what they are, how they work, and how much money would you need to live off of them.

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Nothing in this world is free. The excitement you feel seeing your points accumulate after a long month of spending can give you a false sense of victory. That somehow out of all the spending you did to put yourself deeper in debt…. was all worth it because now you have some cash back, to buy some more stuff.

It is a vicious cycle.

Today we are going to talk about the dangers of heavy credit card usage and how the increase in credit card rates can impact your debt repayment plan.

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Well…well…well…as a believer in the constitution of the United States, I believe in limited government. But I don’t believe in a lawless government either. The things we are seeing in the cryptocurrency space is some of the scariest things I have seen in recent years. We are seeing instant crytpo-milionnairs and billionaires pop up over night (within 5-10 years) and we are seeing some of those same fortunes collapsing in a day or two. One death caused a $190 Million lost of funds because only he knew the password. Today we talk about what happened, and what the future of cryptocurrency could be.

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Links to article:

Reuters

https://www.reuters.com/business/finance/after-ftx-collapse-pressure-builds-tougher-crypto-rules-2022-12-02/

Fox News

(https://www.foxnews.com/tech/cryptocurrency-exchange-chief-dies-with-passwords-needed-to-unlock-customers-190m-reports-say)

New York Post

https://nypost.com/2022/11/29/russian-billionaire-vyacheslav-taran-killed-in-helicopter-crash/

The keyword today is CONTROL. We have a lot to cover so I will dive into it. I am going to take you from understanding Control, how our false sense of control is stopping us from making rational financial decisions, and wrapping up with identifying and focusing on what we can control to have better financial outcomes. This episode is for those who are serious about working with an advisor or investing on their own. If you have ever been scared of the market, or felt helpless, this is for you.

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What does Man’s Search For Meaning by Victor Frankl, Find your Why by Simon Sinek, and A Purpose Driven life by Rick Warren all have in common? They are all about meaning. One is about concentration camps and one man’s realization that those who survived were the ones who had a reason to live. Find Your Why is about finding out what is meaningful, and A Purpose Driven life is more about religion and about you getting closer to God and THAT being the meaning of life.

Today, as Christian investors we speak about the importance of meaning when creating and reviewing your investment strategy. We go beyond the numbers in search of meaning.

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We have dedicated 2 episodes to this fiasco already but I truly feel this is going to be the story of this generation. I can see movies, book deals, and Netflix specials about the collapse of FTX, the cryptocurrency giant!

We spoke about the initial filing of the Chapter 11 Bankruptcy where they needed a chance to reorganize their debt. We talked about the new CEO who was the lead man in recovering debt after the Enron Scandal. And now we are here to tell you…that even though Sam Bankman-Fried has resigned, he only has $100k in his bank account, and you won't guess who is after him.

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According to a CNBC article working from home wasn’t solely a pandemic-era phenomenon — the share of remote workers had been doubling every 15 years prior to 2020, according to data compiled by Jose Maria Barrero, Nicholas Bloom, Shelby Buckman and Steven Davis, economists who have studied remote work.

I think remote work is here to stay and if you want to take advantage of working from home. Being in control of your hours. Being at to have more flexibility over household and business tasks. Then you need to listen to this episode.

Link to full article:

(https://www.cnbc.com/2022/12/01/why-labor-economists-say-the-remote-work-revolution-is-here-to-stay.html

We are still in the holiday season! If you caught our latest episodes we talked about the predatorial marketing these companies have come up with to ensure that you spend, not just your money now, but your future cash flows as well. They don’t just want you to be broke, they want you to be in debt.

We give you 3 tips to save yourself and share a personification of credit card bills and how they would be if those letters were real people.

Well Thanksgiving is over and now it is time to prepare for Christmas. But are we really ready? Over the past year, we have seen high inflation, a stock market with a lot of volatility, and seeing lay offs at some company’s reaching their historic highs.

But…it’s Christmas right. You have to have a good Christmas.

But what does that really mean? A good Christmas. Is there a dollar amount that we must spend in order to have a good Christmas?

We speak on the dangers of this holiday shopping and ways you can have a Merry Christmas and still get the things you want.

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Link to Article Referenced:

https://www.cnbc.com/2022/11/30/buy-now-pay-later-for-holiday-gifts-is-horrible-harvard-fellow.html

Which talked about the opportunities and the limitations of church giving today. We were shocked to learn of statistics that 98% of churches are funded by tithing and that was the primary way to give back over alternatives such as: missions, serving in ministry, service projects, community events, etc.

Now in a recent article in Philanthropy Daily by Jack Fowler, is asking questions about the gospel of generosity and says that studies find that scripture-engaged Americans are among the most generous.

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Barna Research Report:

https://www.barna.com/revisiting-tithe-offering/

Giving is not loud. You don’t have to broadcast your giving. God promises that he will reward you openly for the things you do privately. So there is no need to do God’s work out loud. Even this podcast. You found the podcast out of the thousands that you could have chosen. God sent you hear for a reason. Even if it is to just get one word of encouragement.

So let’s not give out of fear, or give out of duty, obligation, or greed, let’s give because God has put something on our hearts to do so.

Let’s not be boastful. Let’s not be loud. Let’s be humble. Let’s be quiet, and allow God to work through you. And you will be well on your way to being rich and righteous, the way God intended.

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Many of these “investment thought leaders” were screaming hold, hold hold, and don’t invest money that you can’t lose and that is exactly what happened. They lost it. So instead of allocating 2-5% into this highly speculative financial asset, and potentially losing 1-4% of your assets, many people invested 100% and are down 95-99%. On this episode we look at the recent Chapter 11 bankruptcy filing of BlockFi and what Christian Investors should know.

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Are you making memories that are priceless, or priceless? Your memories can either be free, without price, or not up for sale. In this episode, we teach you some ways to make memories you wouldn't sell for any price, without breaking the bank trying to make them. We talk about how to travel with family and friends. Understanding the wealth languages of everyone involved. And how to have a GREAT time, every time. It all just starts with a little planning.

The point of this episode is not to make you a tax guru. It is to get you familiar with the terminology you are going to come across as a high-net-worth Christian Investor. And if you are not at that level, being aware of some of these options will help you get there.

It says in Titus 1:7 For an overseer, as God's steward, must be above reproach. He must not be arrogant or quick-tempered or a drunkard or violent or greedy for gain.

We are not greedy for gain, but we are aware of the money that we can save by making prudent decisions. I say this all the time. You can’t make decisions about things you have no knowledge of. I hope that this episode shined some light on the subject

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There are only two things that are certain in life…death and taxes. But for some reason, these are the same two things that people avoid learning about because it is hard, it feels overwhelming, and unfortunately, it is how you handle these two subjects that will determine financial success. We will be talking about graduated tax brackets, marginal tax rates, and the average tax rate. We will go over a financial planning scenario to drill home the importance of speaking with your financial advisor.

Even I was a little scared addressing this topic. I questioned myself. Will my listeners care? Will they skip over the episode? Or even worst, would they unsubscribe because they don’t want to hear about taxes as much as they want to hear about making money.

But I made an executive decision and had to think about the greatest good. Medicine doesn’t always taste good, but if we are going to get better, we need it. Or learn to withstand the suffering. And I don’t want you to suffer. So I challenged myself. To do 2 things…make taxes easier to understand, and make it halfway fun.

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IRS. GOV

(https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2023)

IRS.GOV and go to the tax holding estimator (https://apps.irs.gov/app/tax-withholding-estimator)

And as a financial advisor, it is my job to work with families to maintain this harmony when it comes to their finances. Asking questions such as how do you define success now that your children are older? What concerns do you have for your children, now that they are adults? Now that your youngest child is giving birth, will you be making any changes to your financial plan to include the child?

All of this can be accomplished by establishing a Family Education Plan. As in most aspects of planning, even if you don’t have a plan, your plan is not to have a plan. But what we are doing here is creating a plan with intention and purpose that the whole family will love.

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Traditionally, creating a financial plan is not a one-man sport. Even those who have no children or spouse, still outline what they want to happen with their wealth after they pass. This could include philanthropic intentions, an inheritance to a niece or nephew, or a close friend that they grew up with. Regardless of your current situation, whether you have no family members or 10 beneficiaries, it is important to establish guidelines and expectations on how the money is to be distributed and under what circumstances, those distributions will be made.

Today, I want to talk about how might we help families to purposefully navigate the intergenerational complexities of family wealth dynamics and governance. Governance in this case, being “how we execute this strategy”.

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Part 2 of Cognitive biases.

We talk about how the devil uses these cognitive biases against you. Especially as believers. The devil wants you to discount the fact that all money isn’t good money. The devil wants you to believe that just because you invest as a true Christian according to your beliefs, and tell you that you can’t be rich. The devil wants you to believe that the information that God has given to you, is not good information. That the information that the world has given you is right.

But we are here to help you make the right investment decisions by clearing the mind and making better, rational decisions about investing.

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Your mind can be your own worst enemy when it comes to making rational investment choices. It is sad to say but as much as we like to think that we are rational investors, in most cases, we are not. But one thing is for certain, we are rationalizing most of the time. In this episode, we explore mental barriers such as cognitive dissonance that are stopping you from making rational investment decisions.

This is one of our most difficult podcasts and is only for those who are ready to open their mind to the world of behavioral finance. It was so much information, we had to do two parts.

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If your dreams of buying a home has been put on the back burner for right now, you are not alone. It seems as if consumer confidence in the housing markets are hitting an all-time low. The Federal National Mortgage Association better known as Fannie Mae is reporting Home Purchase Sentiment Index® (HPSI) decreased 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since the inception of the index in 2011. The HPSI summarizes data from the National Housing Survey on consumers’ conditions, attitudes, and intentions about housing.

Hear my thoughts and what has stopped investors from getting a great deal.

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Someone call the fire department because there seems to be a roaring blaze covering the financial planning industry. There is a new philosophy in town and if you haven’t heard of it, it is called the F.I.R.E. movement. That’s right, F-I-R-E….which stands for Financial Independence and Retiring Early. According to Wikipedia, the FIRE (Financial Independence, Retire Early) movement is a lifestyle movement with the goal of gaining financial independence and retiring early. The model became particularly popular among millennials in the 2010s, gaining traction through online communities via information shared in blogs, podcasts, and online discussion forums.

I give my take and what I think...

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Is your financial advisor doing the right thing? You know how it feels to walk into an office and feel like a financial advisor sees you as a dollar sign instead of a person.

You are there because you need help, and it seems as if they are there because they just want your money. It can be a scary feeling. But we are going to equip you with some tips that go beyond just IQ when evaluating a financial advisor but dig deeper into EQ or emotional quotient.

This podcast is not bashing any financial advisors, so we won't speak about the negative things, an advisor can do. We will focus on the positives, and allow you to judge if your financial advisor lives up to or exceeds this standard.

This standard is not meant to be used as justification for disassociating with an advisor but used as a reference of options and qualities that an ethical advisor will possess. So you can make a choice that is not strictly correlated with returns but based on morals and ethics.

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Target seems to be the joke of Wall Street the past couple of days. It won’t take you long to start hearing the Target jokes as they “missed the mark” for their 3rd quarter earnings by a large margin as they are also impacted by the economic slowdown.

Inflation, rising rates, and economic uncertainty, definitely played a role in the numbers. If they didn’t directly impact the retailer, it seems to be a legitimate reason to tell stakeholders. And who can argue?

But you won't believe what they blamed the low returns on.

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Article Referenced:

Yahoo Finance:

https://news.yahoo.com/target-earnigs-miss-consumer-shopping-patterns-113025639.html

Bankrate Definition:

www.bankrate.com/glossary/d/discretionary-spending/)

It is almost the end of the year and there are so many things to do. We are approaching Thanksgiving, so that is at least one week of prep, and a week of recovering from a food coma, just in enough time to wake up and hear the sleighbells ringing to let you know that Christmas is right around the corner.

On top of all of this, you have your financial advisor breathing down your neck trying to get you to contribute to your IRA before the end of the year.

So to make things easier this year, I am going to give you a short checklist of things to do financially, to wrap up the end of the year. And share a story of Isaac, Jacob, and Esau and how proper account titling can be the difference between inheritance and a life of regret.

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https://www.abrwealthmanagement.com/resource

Article Referenced:

https://finance.yahoo.com/news/end-financial-planning-checklist-170922478.html

First Facebook, then Twitter, and now Amazon. This post-pandemic era is getting crazy. Luckily, we break down the layoffs from one of the globe's biggest companies and give you 3 tips you can use to protect yourself before you get fired and a few tips to ensure that your move to your next job is as smooth as possible.

Schedule A Consultation:

https://www.abrwealthmanagement.com/consultation

Subscribe To The Podcast:

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Article Referenced:

https://www.nytimes.com/2022/11/14/technology/amazon-layoffs.html

Today, we have some good news out of kind of a bad situation. We recently discussed how the democratic Darlene who's FTX cryptocurrency exchange collapsed this week amid reports of up to $2 billion in missing customer funds, was spotted Saturday in the Bahamas.

FTX has recently undergone a $16 billion implosion amid reports that co-founder, Sam Bankman-Fried had been funneling money to a sister trading company run by his girlfriend.

And now there may be a glimmer of hope for investors, as it's been reported by Reuters, that the new CEO, John J. Ray, the third has been called to clean up this mess after the company filed for Chapter 11 bankruptcy.

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Reuters Article:

https://www.reuters.com/technology/ftxs-new-ceo-helped-bolster-enron-victims-recovery-2022-11-15/

GameStop, Robinhood, and Gamification have changed the way this generation sees saving for retirement. In a time where we saw robo-advisors on the rise and technology taking the investment world by storm, all that came to a halt, when real life hit. Technology doesn't care about your feelings, they care about the input. Join us as we discuss the importance to leaving technical issues to technology and personal issues to people.

Today we are going to talk about Christian investors that don’t feel like they have enough, and have NEVER received Financial advice on retirement planning.

Don't worry.

You are not alone.

There are millions of individuals that have never received financial advice, or just don’t know where to look for good advice, better yet, good Christian advice.

Many investors depend on the old “wing it” strategy. They feel that since they made it this far and figured it out, that they will do the same thing in retirement. And others are following in the footsteps of their parents.

We will give you a list of questions that you will want to ask your financial advisor on your search. We also will give you a few tips on how to approach your meeting with your advisor.

Links mentioned:

Schedule a Consultation:

https://www.abrwealthmanagement.com/consultation

Receive Your Free Gift for Subscribing:

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Article:

https://money.usnews.com/financial-advisors/articles/how-to-find-a-financial-advisor-if-youre-not-rich

Music by: Airtone- reCreation

At some point, we all know we will have to decide to receive care in our home or choose a facility. According to AARP 65% of individuals would prefer to stay at home. But what should you consider when choosing care? On this episode, we offer suggestions such as Geriatric Management services, or local agency resources. And this is just the tip of the iceberg. If you are 5-10 years away from retirement or recently retired, this episode is for you.

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Links mentioned:

https://www.aarp.org/content/dam/aarp/research/surveys_statistics/liv-com/2021/2021-home-community-preferences-chartbook.doi.10.26419-2Fres.00479.001.pdf

https://www.cnbc.com/2022/11/09/how-to-plan-your-support-systems-if-you-want-to-age-in-place-at-home.html

https://christianseniorcarenetwork.com/about/

According to an article from the New York Post

The Democratic darling whose FTX crypto currency exchange collapsed this week amid reports of up to $2 billion in missing customer funds, was spotted Saturday in the Bahamas.

FTX underwent a $16 billion implosion amid reports that co-founder Sam Bankman-Fried had been funneling money to a sister trading company run by his girlfriend.

Sam Bankman-Fried the former CEO of FTX resigns. What can we learn from this 30 year old man's mistakes? The Bible scripture we reference to avoid these types of situations is Proverbs 13:11. Join us as we learn more about Sam and how you can protect yourself in the cryptocurrency market.

Speak with a Christian Advisor:

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Link to article:

https://nypost.com/2022/11/12/ftxs-sam-bankman-fried-in-bahamas-after-collapse/

New York Times:

https://www.nytimes.com/2022/11/11/business/ftx-bankruptcy.html

What would you do? Would you take the lump sum or the annuity payments? What is an annuity payment? Tune in for tips on how to properly receive and manage that amount of money. If you think you would take the lump sum, you may want to listen to this first.

I know it can be overwhelming. Here are 6 terms you need to know to help you make a better decision about your coverage.

On our journey to financial freedom, sometimes, we have to deny ourselves, deny our desires for instant riches, and deny our favorite forms of entertainment, because we have a bigger goal that we want to achieve.

There is a saying, “Stop reaching over dollars trying to grab pennies?”

Ask yourself...

Are you sacrificing the important things in life, for the little things? Are you worried about buying a new car and not seeking salvation?

Are you worried about you keeping your job when God wants to lead you to your purpose?

Well, I want to bring on our next guest that is going to break down some of these questions as we address selflessness, the ability to serve in different environments, serving on a budget, and how taking accountability for your financial situation can propel you into a Servant Leader role and Fisher of men.

The clearer you are about your vision, the clearer the path to success will be. Today we explore the difference between uniformity and unification. When we understand our church's vision, then we can better contribute to it. Whether that be financially or spiritually. Today, we talk about how we can focus more on unity and less on unification.

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We all have pleasures that we work hard to enjoy. But what happens when we stop paying for pleasures and start paying for convenience? The cost start to rise and rise quickly. Today we breakdown a story of a man who was spending nearly 50% of his income on the convenience associated with his pleasure and not just the pleasure itself. Are you struggling with the costs of your pleasures? Tune in as we give you some tips to help you save more so you can spend more on the things you love.

Many investors have their heads in their hands and they are crying right now. This year has been one for the history books. It has been a struggle to navigate the market trying to find profits, as even the bond market is not safe to run to. A.B. Ridgeway addresses some things we need to keep in mind while trying to navigate through the volatility. He also gives some words of wisdom straight from the book of Proverbs that predicted the reactions most investors would have.

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Prenups and divorce are not the same. Prenups have been demonized in the media. We are shown nasty divorces where one spouse is left starving and homeless as the other wallows in all of their greed and wealth, all because of a prenup.

This is so wrong on so many levels. As with many financial topics, the general public is left in the dark about the true intent and purpose of many financial tools. Prenups are a tool and when used properly, can create a strong harmonious relationship that is strengthened and not weakened. And our next guest is here to prove all the haters wrong, because as she says...

"You haven't landed on a good financial plan until everyone feels good about it...it's the same way with prenuptial agreements" -Kaylin Dillon

A.B. Ridgeway shares one of his newsletters where he teaches his readers how to overcome the devil's biggest lie which is that you can't create your own wealth and success. We explore the story of EVE and how she did not act according to the Word of God and paid the ultimate price. We teach you the power of counsel, the truth about half-truths, and how to change your mindset so you can enjoy the abundance that God has given to you.

Tyler Hackenberg of Drexel Day Financial joins us to talk everything about Catholicism and Investing.

We explore:

How Christian Executives can change the world by teaching Christ-like ethics
How Christian Executives can build wealth in the marketplace to support missions
Being authentically Catholic and debunking the myth of negative performance for biblical investments

Together tap into the core values of a believer and why the discussion about fees is nothing when it is not backed by a discussion about morality.

Christian Executives need help too! We see professional athletes make millions but have no idea how to manage it. At no point in our lives will we be 100% self-sufficient. That is why we all need God in our lives. So, who are helping executives and those who made a lot of money but have little to no knowledge of how to manage that money? I'll tell you. Our next guest Leo Marte, CFP®️, MBA is going to help us understand the challenges executives face in life and the workplace, and how to overcome them, so they can be better stewards of God's wealth.

Abundant Advisors: https://www.abundantadvisors.com

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In Part 1 we explain that there are only two ways to be wealthy. Either you can buy anything that you want. Or you can want everything you have.

Money isn't everything.

Today, we are going to give you the secret to true financial freedom. So if you are tired of hearing all of these motivational gurus online, preaching the prosperity gospel. Driving Lamborghinis down the highway, with money flying out of the sunroof.

If you want to start taking the steps to reach financial freedom and teach your children how to live abundantly that aligns with the Word of God then stay tuned as we tell you everything you need to know to start your journey to financial freedom on this episode of Financial Advisors Say The Darndest Things.

Links Mentioned:

Order our Reflective Journal on Amazon:

Investing God's Money

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We all need help at some point. But how much are you willing to pay to get it right? In a recent Forbes magazine article, they listed the fees associated with Financial Advising as a disadvantage. Today we discuss the question, "Do you need a Financial Advisor?" and the Pros and Cons of professional help.

Need help with your personal finances? Schedule a free consultation:

https://www.abrwealthmanagement.com/consultation

Link to article:

Do I Need a Financial Advisor Or Should I Go At It Alone?

As Christians, we understand that whatever we do in this life is an outward expression of our inner intentions. Whether it is through prayer, praise and worship, or our acts of service, our focus is to uplift and glorify God.

It says in Mark 7:15, There is nothing from without a man, that entering into him can defile him: but the things which come out of him, those are they that defile the man. So our outward expressions of our inner intentions should be used to do righteous work for our brothers and sisters in Christ. And that is what our next guest is doing with his work with Revo Financial.

He is letting us know that the work we do does not just happen in the church, but in our homes, and in the workplace. Stay tuned as our next guest explains how he maintains a healthy balance of God, Family, and work and how you can too.

Speak with Lucas: https://www.revofinancial.com

Schedule a FREE Consultation: https://www.abrwealthmanagement.com

It looks like, after a 2-day session, the Federal Reserve with a unanimous vote decided to raise the Federal Fund rate by .75% Wednesday. They stated their target inflation rate to be between 2.25%-2.50% annually. This is yet another aggressive move by the Federal Reserve which justified its decision by stating that we have robust job gains and low unemployment rates.

As a Christian investor should you be worried? Should you go to a more "safer" investment? And has this happened in the past?

We answer these questions and more in this episode.

Links mentioned in the podcast:

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Every Financial Advisors wants you to join their mailing list but you are scared. Because you don't know what expect. Are you going to be bombarded by ads? Are you going to get emails with a bunch of links? Or are you going to get something of value?

Well on this short episode, A.B. Ridgeway takes the time to actually READ one of our newsletters that goes out Monday-Friday so you get an idea of what you expect. We love God and that is always our focus, but because we are stewards of his blessings, we need to know how to manage money as well.

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Click HERE to Join

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You are a very intelligent person. Graduated with high marks. A top performer in your career. You raised some beautiful children who are also smart. But for some reason, when it comes to your personal finances, you could lead your way out of a wet paper bag. Why is that? Why are smart individuals making stupid decisions when it comes to their finances. Stay tuned as we discuss financial dysfunction, establishing a check and balance system, and how leading with your faith can change the way you handle your finances forever.

Schedule a FREE consultation with a Christian Advisors

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“For God so loved the world that He gave His only begotten Son, that whoever believes in Him shall not perish but have everlasting life” John 3:16

If you have spent at least one weekend at Vacation Bible School, then you know that scripture like the back of your hand. It is one of the cornerstone scriptures of our faith, and continues to be the beckon of hope for many lost souls. You may not know this but the book of John has 879 total verses, … and our next guest… knows them all.

In today’s episode, our next guest will share his story about he built his company that has put him in front of large crowds year after year from a serendipitous meeting of Bruce Kuhn. Stay tuned you don’t want to miss this!

Today we will be talking about:

How do you read the Bible so you can understand it, apply it, remember it and enjoy it.
His 4 Step Process called the Complete Communication System™ to Develop your message and how to be more efficient in your business

Connect with Keith:

Ministry: www.keithferrin.com

Corporate Messaging: www.iSimplyCommunicate.com

Relational Bible Study Course: www.keithferrin.com/rbs

Self-Publishing Coaching Program: www.MyFinishedBook.com

Connect With Us:

Subscribe to our podcast Financial Advisors Say The Darndest Things https://www.abrwealthmanagement.com/podcast

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If your child was in their early 20s, recently married, with $8,000 in debt and a husband with $80,000 in student loans, what would you tell them to do? Well, our next guest, Charissa Quade, knows exactly what to tell them, because that 20 year old was her. Our next guest shares with us how she got out of debt and has been spreading the gospel of prosperity and money management for over 18 years to entrepreneurs. Stay tuned. You don’t want to miss this one.

This 4th of July just might be the most expensive Independence Day you have seen in recent history because of inflation. So as you fire up the grill, send out the invitations via Facebook, and clean out the pool…we want to give you 4 tips to make sure that you and your bank account have the time of your life.

No one wants to laugh now, and cry later…

Join us during this quick episode, so you can learn a few tips, and get back to your bar-b-que before the hamburgers burn on this episode of Financial Advisors Say The Darndest Things.

We are talking about personal finance classes in our high schools. According to an article by CNBC High school students in Michigan will soon be guaranteed a personal finance course before they graduate.

The Michigan House of Representatives on Tuesday passed HB 5190 by a vote of 94-13. The bill passed the state’s Senate in May with a vote of 35-2. Next, it will be sent to Gov. Gretchen Whitmer for her to sign into law.

Her signature will make Michigan the 14th state to mandate personal finance education at the high school level, according to Next Gen Personal Finance’s bill tracker.

What do you do after 20 years of faithful servitude to God through church ministry and God leads you down a different path? How do you balance business and the pursuit of profit with faith? And is the church the only way to do God’s work?

He is a retired Pastor of 20 years who just can’t retire. He’s eager to see the family of Jesus actually be the people of God in this world.

Upon reflecting on his own need for a daily “shot in the soul” to get his mind aligned with the truth of God, he realized that short daily audio might be a helpful tool for others to use as well. As host of his own podcast Morning Mindset Daily Christian Devotional With Over 71,000 daily downloads I think he was right.

Ladies and gentlemen this episode took us nearly 2 months and 2 recording sessions and 3 rescheduled events to make, but by the Grace of God, he made it happen on his time. So I want you to give the biggest hand clap of praise for Carey Green.

The Government is trying to pass the Secure Act 2.0. In an age of political gridlock, one cause is gaining rare bipartisan momentum in Washington: helping Americans save for retirement. This may be one of the first time where the American people win from the passing of legislation.

The House of Representative just passed The Securing a Strong Retirement Act, H.R. 2954, also known as the Secure Act 2.0. This act aims to improve the retirement savings systems. Here are a few key takeaways of the proposal:

· Required minimum distribution age will increase from 72 up to 75 by year 2032

· If you are 62,63,or 64 your catch up provision will raise from $6,500 up to $10,000

· Your employer can use your student loan payments as a match so you can pay down debt AND save for retirement!

This is a major victory for retirement savers of all ages, and their employers. Here are some break downs for different investors.

According to a recent news article from CNBC it states that “Panic is not a strategy” How investors and advisors can look beyond the traditional 60/40 in the second half of 2022.

Hmm…This should be interesting.

Join us as we discuss volatility, recession risk, and how rebalancing your portfolio to your investment risk may be the best strategy to prepare for the next phase coming at the end of the year.

Also, what does God say about fear and how to overcome this fear.

Links mentioned in the podcast:

Full Article

Schedule a Consultation

Are you living paycheck to paycheck? If you are in America there is a 60/40 chance that you are. We discuss inflation and how a few changes can help bring you peace of mind so you thrive and not just survive!

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inflation #paycheck #abrwm #christianfianance #fastdt

The finance world is in a whirlwind. The Feds are trying to curve this inflation as we are officially in a bear market and headed into a recession. Legislation has been submitted to eliminate the penalty for unused 529 assets if they are rolled over into a Roth IRA, and the SEC charges its first broker since the introduction of Regulation Best Interest (BI). Join us as we break down these topics and how you can protect yourself.

We are going to see troubling times and this is not going to be any different. But that doesn’t mean that we hide under a rock. God has something better for us. In today’s scriptures it says that no matter how much suffering we may encounter there is no comparison to the glory that will be revealed to us if we stay faithful to God’s word

The federal Trade commission is really cracking down on Walmart for it’s money transfer services. According to the article published by Reuters, The FTC is filing a lawsuit against the retail giant because it alleges that Wal-Mart has not done enough to stop finance fraud through their transfer services such as Western Union and MoneyGram.

No more parties in LA. Air BnB announces a permanent ban on parties. According to the news outlet Reuters, Air BnB Inc plan of making a permanent ban on its parties in homes listed on its platform since a sharp drop in reports of unauthorized gathering since the prohibition was put in place in August 2020.

So if you are a traveling and looking for lodging, stay tune because this may change your travel plans.

To speak with a Christian Advisor:

https://www.abrwealthmanagement.com/consultation

Talks of a recession have been on the tongues of every investor in the finance industry but one man Peter Schiff who called the 2008 financial crash says that this downturn will be the worse. If you are worried about what is coming up next and how to prepare yourself

Should employers give employees more Mental Health Days?

I say NO!...well not yet, anyway...Here are my reasons

To hear from a Christian Financial Advisor and Schedule A Free Consultation:

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To be or not to be that is the question…that William Shakespeare asked but To Prenup or Not to Prenup is what Christians are asking. Today we are going to look at it from a Biblical perspective and also a financial perspective.

This is the earliest introduction that we receive in the Bible. The 24th verse of the 2nd chapter. First creates the universe, and then he creates the concept of marriage. Definitely high on God’s to-do list. But today we are going to talk about the concept of prenuptial agreements because many Christians are torn between if they have any biblical significance and if they choose to create one, are they going against the word of God?

Links mentioned in the podcast:

Lucy Lazarony's Tips for Newly Weds Article

Kaylin Dillon Financial Planning (Prenuptial and Postnuptial Expert)

Schedule a Consultation with a Christian Advisor

Today we will be breaking down some of the ideas from a recent article from ThinkAdvisor:

In a recent survey, half of the retirees said that they would have changed their financial habits during their working years

But those who paid a professional to develop a financial plan were satisfied and felt the service was worth the expense.

Now listen to this, unexpected medical expenses, preventive health spending, inadequate retirement savings, and inflation led the list of reitree’s pre-retirement financial concerns.

Links mentioned in the podcast:

Full 21 page EBRI Survey

Schedule A Consultation with A Christian Advisor

ThinkAdvisor Article

You want to protect your family but you don’t know where to start. What happens, if something happens to you? What if I told you, you can transfer some of that risk? What if there was a way that you would be able to protect your family and still live the retirement that you dreamed of. Well, our next guest is going to help us explore some of those possibilities. So stay tuned, you don’t want to miss this one.

On today’s show we are going to discuss if seeking personal financial advice from family and friends a good idea? We speak with a woman who was living pay to pay check to support her daughter, and how one piece of bad financial advice encouraged her to start her own investment firm. And right now, our guest is here to help you, the listener, gain confidence and clarity around your finances so it doesn’t happen to you. Stick around. You don’t want to miss this.

Meet Shea:

https://www.financialjourneyllc.com/

You have questions and we have answers. Due to our recent success with the top Tweets on Twitter about Money and the Bible podcast episode. We have decided to do an episode where we answer questions sent to us by our loyal listeners. We talk about how to calculate if you have enough to retire, how to improve your credit score, and how to pay down debt.

If your friends and family are holding you back from unlocking your true potential. If you believe that you have been wasting your God-given talent and want to make a change. Then stick around because our next guest is going to show you how to create an environment where you can be and thrive as your authentic self.

In today’s episode, we want to explore the power of the mind. We must understand that who we are today is an accumulation of the choices and the ideas we had and continue to have about ourselves. At the moment, you may be going through some difficult situations with work, your marriage, or life in general and you can’t seem to get on your feet long enough to make any progress. But don’t worry because we are bringing on a special guest that is going to provide some techniques and solutions to help you get started back on your journey to success.

We will talk about: The mindset that is stopping you from being rich, Copy Culture, vulnerability, and transparency, and finally how you can CHANGE your life TODAY so stick around until the end because we have something special for you.

If you need help with your finances, be sure to schedule your consultation below:

https://www.abrwealthmanagement.com/consultation

All information is not good information. That is why we are going to find out what information is out there about Finances and give our perspective. We are going to take the top Tweets on Twitter with the hashtags Money and the Bible and break them down.

Today, we are going to do something a little bit different. We are going to help you break through some of the noise that you may read on the internet. During this episode, you are going to figure out what information is good financial information, and what is just speculation and garbage.

Schedule a consultation with a Christian Advisor:

https://www.abrwealthmanagement.com/consultation

You are here because you want to know how to align your financial choices with the Word of God. But you have questions that no one seems to be able to give you a good answer for like “How can you be rich and righteous, doesn’t the bible say that money is evil?” or “Isn’t seeking wealth sinful?” or how about this one “Didn’t Jesus say it is easier for a camel to walk through the eye of the needle than to get into heaven?” We hear you, we had some of those same questions on our financial journey.

But today, we are going to tackle those same questions with our special guests because Jesus says in the book of Matthews, “For where two or three are gathered together in my name, there am I in the midst of them.” So turn up the volume, turn off your notifications, and allow the spirit of the Lord to guide you on your path to gaining wisdom around wealth.

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To Hear More From The Stewardology Podcast:

Https://www.stewardologypodcast.com

You know you need to do something about retirement. You Google Financial Advisors near me and you schedule a meeting with the first search result. You nervously wait for your appointment a week out, you show up early, and they just called your name into the office…what do you do?

If you have ever been in a situation like this, or don’t want to be in a situation like this. Turn the volume up because we are going to go over the 3 things you need to know that no one talks about when hiring a financial advisor on this episode of Financial Advisors Say The Darndest Things.

Mother’s day is a day to celebrate the bridge between God and humanity. The pathway, by which all men and women are birthed. Life as we know it, has been created, nurtured, and inspired by the love of a mother. So, this Mother’s Day, join us as we celebrate the contributions and impact of women all over the world.

1 Timothy 5:2- “Treat older women like your mother, and treat younger women like your sisters with appropriate respect.”

You did everything the experts taught you. You worked hard. You hired a financial advisor. You stuck to the plan, saved and invested your money. You raised your kids in a loving home, and you are ready to enjoy your retirement, right? Well, my next guests says, NO. Tune in and find out how retiring when you aren’t ready, may be a risk you and your family are not ready to take.

On today’s show we are going to talk about mental health. Many times when we think of retiring, we have a 20 page document that goes over our expenses, our debts, our tax liabilities, our estate plan, and crucial advocates to carry on your legacy upon your passing. Traditionally, this was everything you need to enjoy the 3rd stage in your life. But what about your back up retirement? Yes! what about your back up retirement. Our next guest discusses the reasons you should hurry up and get one as if your life depends on it…because it does

The battle between Good and evil is a battle as old as time. Do you feel frustrated when you try to convince someone you love to do the right thing? Does it seem like no matter how much you talk, they just can’t seem to come to the light? Well today, we are going to explain why you can explain all about financial freedom, planning for your future, and passing on your legacy and it falls on deaf ears and how to help those who are not willing to help themselves on this bonus Episode of Financial Advisors Say The Darndest Things.

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In this episode we discuss how parents can focus on their children's spiritual health and their spiritual wealth. We give a short summary of all important topics from the past couple of weeks. And we follow up with the Secure 2.0 Act and how the potential changes will affect how you save for retirement.

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Are you praying but it doesn’t seem like your prayers are not being answered? The Bible says Ask and you shall receive, doesn’t it? Are you still plagued by depression and anxiety even though you feel like you are doing God’s work? In this episode we break down some of these key concepts and teach you, how by changing your prayer about your finances, can change how you see your blessings.

Links mentioned in the podcast:

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Meet the contributor of the inspired quote:

Mark Willis, CFP Lake Growth Financial Services

Are you paying too much in mortgage fees? I will be answering a listeners question “Why are so many people in debt”, Elon Musk is encouraging the US to increase gas and oil outputs during the war in Russia, and App Exodus: Young People Walking Away From Social Media, Calling It 'Toxic and Obsessive'

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Netflix stock plummeted and lost over 30%. This can cause a lot of stress since money issues has been at the top of stress levels in families year over year. What does the Bible say about all of this?

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Nisla Love speaks on what you need to prepare for tax season. The importance of hiring a tax professional, and how Choose Love Solution can help you overcome your fear of taxes.

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Join us as A.B. Ridgeway gives a stunning performance, as we relive the persecution, suffering, crucifixion, and resurrection of Jesus Christ according to Luke. We pray you are blessed and share with friends and family and turn this into a family tradition.

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It's not always what happens to you, but how you react. After a successful career and putting trust in a bad business partner. Florian Fritz found himself $500,000 in debt. Join us as we figure out what he has been doing to correct it, and what mindset he had to have in order to keep going.

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We want to welcome you to Financial Advisors Say The Darndest Things. We encourage everyone to come as you are. Here on our show we master our finances and we master our faith. So come fellowship with us as we teach you how to be rich and righteous.

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NFL Quarterback for the Pittsburgh Steelers Dwayne Haskins has been killed by a truck. Mark Wahlberg has a new movie Stu, about a former boxer turned priest. And we talk about how having a Christian worldview directly impacts how young people manage their money.

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Our next guest, Kaysian Gordon,CPA, CFP, MBA is owner of Kaysi Gordan Financial Planning, shares her journey from managing over half a billion dollars with a team of advisors, to taking her expertise to her own investment firm to serve, the underserved.

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It was reported that on *March 30, 2020 Dan Celia passed away in the hospital. In this episode we pay our respects and let Christian Investor know what they should do going forward.

The actual date of death, was March 30, 2020 and not April 1, 2020

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What would you do if you found God in the garbage? Is our ignorance around how happiness work, causing us to be unhealthy? Stay tuned, as a Harvard educated author, Bracha Goetz makes the complex topics of heaven, gratitude, and health as simple as reading a Children’s book. If you are struggling with food addiction, appreciating what you have, or just need a spiritual boost. You don’t want to miss this!

All links mentioned in the podcast are below:

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Bracha Goetz is the Harvard-educated author of 40 books that help children's souls shine and a candid memoir for adults. Her books can be found here:

https://www.goetzbookshop.com

https://www.linkedin.com/in/brachagoetz

https://www.facebook.com/BrachaGoetzBooks

https://www.instagram.com/brachagoetzbooks

https://twitter.com/BrachaGoetz

Today we speak with Bill Jensen a retired Colonel who worked at the Pentagon and has gone from protecting families to serving families. In this episode he explains the "Servant Leader" and how he is able to attract new clients with one strategy, relying on God's provision. Join us as we discuss these topics and more.

If you have questions for Bill or a show idea, email us at: info@abrwealthmanagement.com

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Today, we have special guest Lew Christman owner of Christman Financial Advisors

LLC. We share a heart touching conversation about his love for his family and how he made a decision that he was not going to give up on life, when he had every right to. If you want to know what a real financial advisor sounds like, you don't want to miss this one.

Lew also shares strategies for helping clients achieve uncommon freedom by:

Control and Simplicity in the planning process

Appropriate products and strategies tailored to each client

A passion for putting client's best interest in front of his own

Join us as we dive deeper into why the financial world would be a better place if we had more Lew Christmans in it.

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Are women operating in a system they don't understand?

In our discussion, our guest Hadriana Leo, owner of Money Navigator made a very great point!"

It is hard to maneuver with any sort of confidence in a system that's not created for you"

One system we discussed is the financial system that has traditionally been dominated by men.

There are micro-aggressions and stereotypes that still plague even normal transactions such as buying a car. These nuances have been swept under the rug for far too long.

Her ultimate goal is for women to move more confidently in these systems so they can take more control of their financial independence not because they are women, but because they belong there as well.

Do you think this is true?

Do you believe that the systems in place are fair and equal?

Have you ever been exposed to a system that wasn't built for you?

We also discuss:

Are the traditional gender roles keeping families from financial success?
How do women navigate the current economic landscape and still fulfill their biblical duties?
How women can take more responsibility in the financial future of the family and how men can partner in this endeavor?

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As Christians we struggle with our faith and the pursuit of financial security. We were raised to think being rich kept you from heaven. We were taught how to tithe and give to the less fortunate, which is great, but when it came to our personal finances like how to manage debt, invest into our retirement, or even build our legacy, we were left in the dark.

But God has shined a light on you today. Because this episode we speak to you and Christians like you as we use biblical scriptures to prove that riches and righteousness, don't have to be separate.

Fellowship with us as we explore these topics in depth and answering the questions:

Am I going to lose money?
How do I get out of debt?
How to pay down debt?
How to overcome the fear of loss, and debunk the lies we tell ourselves about investing.

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Our special guest this week is an exercise physiologist and certified wellness coach. She has been the National Operations Manager for the YMCA in Australia, a business development manager, the daughter of a very successful financial advisor, and now for the past 6 years, has dedicated her life to helping business professional regain their health as founder and CEO of Grow Wellthy™.If she is not doing push ups on mountain tops, or saving the lives of stressed out financial advisors, she is spending time with her beautiful family and we are lucky enough to have her on our show. Ladies and gentlemen, I would like to welcome our next guest....Stevyn Guinnip!!!

We discussed:

The Tale of Two Men: Do you want to be Wealthy or Wellthy
How to Start Small To Make A Big Impact
The Dangers Of Ignoring Your Health

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Do you feel weak in your faith? Does it make you feel uncomfortable having conversations about it, because maybe you are not as strong in it, as you feel you should be?

Picking cheap stocks can be a dangerous game that you don't want to play. If you are new to investing, you want to lean more on the conservative side. Choosing penny stocks for a beginning is like learning to swim in the ocean. The risk is not worth the reward.

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In this episode we discuss:

The 2 biggest mistakes you want to avoid when trying to save for your retirement.
What lessons about money are you teaching your kids?
Things to consider before leaving your job

This is a fun episode that adults of all ages can benefit from. Is your retirement account protected? What are some mistakes that you made, you wish you could change.

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One of the best episodes to date. This is the first time that we are exploring the intimate topics of: Love, Judgement, Giving, and Values. We believe these are some of the core concepts we need to master in order to live a more fulfilled life.

We discuss:

How to judge your investment portfolio
The value of time and its correlation to love
The ability to give without seeking admiration
And passing on your values and beliefs so the next generation will be financially successful.

This is an episode that you don't want to miss. If there is one episode that embodies what we mean by keeping your faith and your finances together...this is it.

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In this episode we have a special guest Randa Hoffman, MBA, EA who is going guide us through her process of establishing a Spiritual Financial Plan using our elder self as a guide.

We discuss:

Spiritual Financial Planning- How much should you allocate to your eternal life
How do you find your divine purpose through your finances?
How to make more money, by giving assets away

When you think of retirement, what do you think of?

A quiet vacation home?

A family event?

Or just a quiet time at the beach?

Well, if that is what makes you happy then, why don't we start working toward that goal now?

And that is what she is going to help you with.

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Love is the most powerful emotion you can experience. Listen to this episode as we break it down and how it applies to our finances and how we deal with others.

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Do you feel unfulfilled in life? Do you feel that if you just had some more money that life would be perfect? What would have to change in your financial life for you to be happy?

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Money is the root of ALL evil!

And if you have money, you are evil TOO! So, give up all of your money and cleanse yourself of its filthy ways. Any takers? Anybody? None?! I didn’t think so. I didn’t think I would get too many people to agree with me. But why? Have we all not heard this phrase “money is the root of all evil?” We have. But this and many scriptures in the Bible are taken out of context, used to control individuals, and leaves many of us broke and unfulfilled.

What we will cover in this episode:

1 Timothy 6:10 and what it really means when they say money is the root of all evil
I’ll tell you a story of a client whose greatest fear came true because she didn’t answer these 2 simple questions.
And we will wrap up with one final key to unlocking your power to making investment decisions from a biblical perspective and what this means to your finances

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Prayer will get us through. A.B. Ridgeway speaks on the power of prayer, how to pray, and how that affects how we see the markets.

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Can you really pray without ceasing? In this episode, A.B. Ridgeway speaks on what that truly means.

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Has this happened to you? You call to set up your annual doctor's appointment and you find out that he disappeared without a trace. Well, in this video we explain what we think happens in this situation. And just a little hint, I'm sure your doctor wants to reach out to you but can't.

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In this episode we give our opinion on a recent article that Suze Orman is asked about the market and the imminence of a market crash.

We will discuss:

Buying Low
Investing on a Schedule
And developing an investment strategy

Need A Financial Advisor?

ABRWM: https://www.abrwealthmanagement.com/schedule-an-appointment

Financial Advisors Say The Darndest Things Podcast:

Apple: https://podcasts.apple.com/us/podcast/financial-advisors-say-the-darndest-things/id1546970147

Spotify: https://open.spotify.com/show/0nkiUkwoJalvgFhZnsIbkk

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Social Media:

LI: https://www.linkedin.com/company/abrwm

FB Company: https://www.facebook.com/abridgewaywm

When times are tough, especially in a pandemic, anything that promises to get your out of it sound enticing! But this is nothing new. Multi-Level Marketing schemes better known as pyramid schemes have been the same rose with different names, so they all smell the same...they stink. In this episode we go over things to look for to protect you and your loved one, because they prey on those who are unaware.

We will cover:

What is a Pyramid Scheme
What's the difference between a Ponzi Scheme and a Pyramid Scheme
What are the sign you should look for?

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We all have ages we want to teach our kids about driving, about dating, and even about what really happens in college. But why don't we have an age when we talk about finances? In this video A.B. Ridgeway discusses his

Top 5 Lesson Kids Should Know About Finances:

With patience, anything is affordable.
Before you buy anything think about the price, the cost, and the value.
If you live below what you are able to afford, you'll always have money
Some think saving is about not buying what you want when really, it's about making sure you have enough for other things you may want when you do.
How much your money is worth has nothing to do with how much you are worth.

Need A Financial Advisor?

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Financial Advisors Say The Darndest Things Podcast:

Apple: https://podcasts.apple.com/us/podcast/financial-advisors-say-the-darndest-things/id1546970147

Spotify: https://open.spotify.com/show/0nkiUkwoJalvgFhZnsIbkk

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FB Company: https://www.facebook.com/abridgewaywm

Are you ready at the opening bell to purchase the next IPO, or are barely waking up on a Tuesday looking at your statement on a quarterly basis? In this podcast, A.B. Ridgeway goes over the difference between passive and active investment management and helps you get a better understanding of these strategies.

Full article: https://finance.yahoo.com/news/active-versus-passive-investing-yahoo-u-120903152.html

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Jesus understood that just because it was tradition, doesn’t mean that it is right. Just because you dad, and your dad’s dad, and your dad’s, dad’s, dad put money in a jar, doesn’t mean that is the best say to save for your future
Everyone is not going to understand why you speak about generational wealth, the power of solid financial principles like compound interest, or estate planning but they see not, and it is not your job to attack them, but just show them by example and in deed
The best thing is to hang around those who know the knowledge you seek, but if you have to spend time with those who don’t, make sure you are the one that is influencing them in the right direction. Just like Jesus, he could hang with Pharisees but he didn’t think as they did. He was constantly teaching.
Develop a Gifting plan, how are you going to do good in this world?

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Does knowing everything about Finance make you a great Christian advisor? I venture to say, no! It is nearly impossible to know all the nuances that comes with a specific industry. You may be a savvy shopper, but the employees at Target, know the specific dates that certain clothes go on sale. You may have an understanding of your insurance, but an agent will know certain governmental regulations that may pass that can change your coverage. The point is that a great financial advisor will help you find the best answer for your situation. Never relying strictly on his knowledge but leveraging the knowledge of other professionals as well.

You will learn that:

Advisors are just like general practitioner doctors that help diagnose issues and refer to specialist if needed.
An advisor should be concerned with preventative care and future foresight and not strictly the short term ups and downs of the market.
There is a difference between helping a client implement a recommendation and executing that recommendation.

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Are you afraid of a Market Crash? Then maybe you don't have the right strategy. In this episode we talk about the 2 things that cause us to act irrationally doing market positions, greed and fear. Greed when the markets are going up, and fear when they are going down. Many new investors have not witnessed the devastation of living through a 30-40% recession in the market. But those that have, and learned from their mistakes, or congratulated themselves on not making them, have a a different perspective. They understand that losses are a part of the game. In this episode, we speak on what to look for when developing your contribution strategy such as: Dollar Cost Averaging, and benchmarking your ability to contribute based on your total assets.

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Did you know that money was the #2 reason people get divorced? What does your spending say about you?

Well, whether you have a large estate or no estate, the underlining risk to your wealth is a breakdown in communication and trust with the ones you love.

Have you ever heard of Love Languages? Well this episode we explore Wealth Languages. We discuss 4 Wealth Languages that was presented during a Study Group with material from Cale Dowell from Kingdom Advisors.

Stability
Moments
Opportunity
Future

Which one are you? Are you and your spouse opposites? What changes will you make to open up lines of communications so you can stay together longer and happier.

As always "Be Prepared, To Be Prepared"

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Has this happened to you? You call to set up your annual doctor's appointment and you find out that he disappeared without a trace. Well, in this video we explain what we think happens in this situation. And just a little hint, I'm sure your doctor wants to reach out to you but can't.

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In this episode you will learn:

How to seek many counselors and advisors before making your choice
How to determine how much money you need to start investing
Is your debt holding you back, and techniques to lower it

We are all excited to invest in the stock market and start making our money work for us. But if you don't know its job role, how can you ever know what it should be doing? So in this episode we talk about finding people you trust to bounce ideas off of. Also making sure the money you invest is not risking money that you may need in case of an emergency.

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We will be discussing a recent article from CBNNews written by Abigail Robertson titled “Biden Announces All U.S. Adults Eligible for COVID-19 Vaccination by April 19.

In a recent address from the White House President Biden announced that all American ages 16 and older will be eligible to get in line to receive a COVID-19 vaccination by April 19. I’m not here to tell you how to feel about COVID, nor am I telling you if you should wear a mask or not. That is a personal choice.

My biggest concern is that I’m worried that this vaccination and COVID is becoming a scape goat to pass certain political agendas that are causing frustrations with the American people.

Click To Watch On YouTube:

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We all are working for one thing and one thing only. To make enough money that we don’t have to work when we get older so we can “enjoy” life, right? Maybe. You might be like some and have a passion for what you do and could do it, even it they didn’t pay you.

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Today we are talking about inflation!

How inflation can erode the purchasing power of excess cash in your savings
How stocks can help fight inflation and maintain your purchasing power in the future
Developing a strategy with your financial advisor to figure out how much hedge do you need to combat inflation.

Click Below To Watch On YouTube:

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Today I spoke with Beau Bryant. He is an advocate of giving back to the teaching industry. We discussed:

How to fund a retirement inside of your teacher's retirement and outside of it
Is it cheaper to invest with your company or own your own?
Programs available to teachers and government benefits

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Best Buy is adopting the subscription model. In this episode we give you 3 tips on how to prepare for the clash of the titans.

Research- Know who offers what and how it effects your budget
A La Carte- What stores do you use for a one time purchase, and which ones do you consistently shop at
Necessity vs luxury- Remember you pay for convenience. Is that $2 burger from McDonalds worth that $5 delivery charge and tip? So a $2 snack turns into a $10 expense.

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Hello, I’m your favorite faith based financial Advisor, Alajahwon Ridgeway and today there is something we need to talk about. It looks like, we may see a battle royale occurring like King Kong vs Godzilla. As we all know Amazon has changed the landscape on how consumers, consume goods. With their subscription model, we have seen millions of consumers turn to Amazon for all of their shopping needs. Well, Best buy is not going down without a fight. They are planning to launch their own subscription model that includes Geek Squad technical support, free standard shipping, and a laundry list of other services that are going to be exclusive to their store. Brian Sozzi goes into depth in an article listed on Yahoo! Finance titled “Best Buy is the latest retailer to attack Amazon Prime”

You may be asking. Why should I care? Well, even if you have been living under a rock, it probably has GPS under it. Which means that up to date technology has clearly been the theme of the past 20 years. As turn around times between technological advances is shortening, we are seeing a surge in the purchase of electronics. And who can profit more than a company that specializes in it.

I guess if you can’t beat them, join them. If you can’t develop an innovative business model, adopt and adapt. And that is exactly what they are doing...

5 tips you never heard before about how to protect yourself from being ripped off. Today we discuss an article written by the Financial Times about fraud in financial ads and how regulations are not where they need to be. So we need ways to protect our clients.

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Today we are going to talk about the 5 ways to know if an online investment add is too good to be true. We all know, where there is money, there is fraud. We are finding an up tick in fraudulent ads that are nothing but scams. And this is causing a forever increasing distrust of the financial industry. The unfortunate part is that we rely on technology so much already. We are using it to order our food, we are using it to do our shopping, and yes, we are even using it to do our banking.

In a recent article written by the FINANCIAL TIMES they reference Andrew Bailey who says that consumers are at much greater risk than from offline media because of weaker regulation. And I would have to agree. Anyone with a microphone, $5 and a Facebook account can run an ad claiming to be a finance professional.

As an advisor, I am bombarded with these ads from my clients from these self proclaimed financial gurus. So I put together some things to consider, to figure out if it is fact or fiction.

1) Don’t run to the comment section- We love to read reviews. But in the cyber world, reviews can be written by bots, and sometimes the purchase of the service is not even verified. It is a good place to start, but don’t let reviews determine if you are going to give your money away.

2) Information shouldn’t cost you money- An introductory conversation shouldn’t cost you money. I wish I could put a verbal asterisks after this. Because there are two schools of thoughts. Either you give free consultations because you don’t have any clients, or you charge because you have too many clients and don’t want to waste your time. Both of these approaches hold some merit. That’s why it is good to look for a combination. A short free consultation. When you are offered long consultations with no time limit that should be a red flag. And if they are charging you to introduce yourself and ask a few questions directly, that may not be the relationship you want, either...

Clients need advice, and they looking for the next Wolf of Wall Street and stock guru, it seems as if these advisors are moving from the movie screen and onto statements of many Americans. The glitz and glamour of a fast paced life in my opinion seems to many Americans. But is switching investment strategies from long term passive to short term aggressive to get a market edge a good idea? And if you do, will you get closer to your goals faster? We will discuss, how to choose a strategy, become aware of confirmation bias, how to use patience and discipline to be successful in this podcast.

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Social media is changing how many people see the stock market. Before it use to be this big intimidating arena where only the well educated dared to travel. With the "gamifcation" of many platforms and the GameStop frenzy, investors see the barrier of entry may not be has hard as they once thought. Well that may cause some problems for investors and the stock market alike. Join us as we address these concerns such as: uninformed investors, the reliance on Facebook and Twitter for investment advice, and how these sentiments have an impact on the market.

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Today we break down what is a Banker's Acceptance and Euro Dollar.

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This is the 3rd installment of a series of podcasts around cash and cash equivalents. We spoke about what is cash, we spoke about CDs, money market funds, money market deposit accounts, commercial papers, repurchase accounts, and negotiable CDs. But today we are going to talk about Banker’s acceptance and Euro Dollars.

Bankers Acceptance are short term drafts by private companies. Just like treasury notes they are traded at a discount but sold on the secondary market and these companies are too small to issue commercial paper to fund their short term debt needs. Because of this most of the times a bank will act as an intermediary. This usually deals with imports and exports. SO the banks helps the transaction between the American and the foreign company and provide credit. In this transaction, the bank pays the supplier and the importer has to pay the bank in 3 to 6 months. And if the bank needs cash, they may sell the debt at a discount to another bank. So think of it, as a line of credit but this one is unsecured line given to the company. For tax purposes, these are federal and state taxable.

Let’s move on to Euro Dollars. In simple terms, these are dollars in U.S. denomination in banks OUTSIDE of the united states. And usually in the millions. And the product is usually a Eurodollar CD which works just like a domestic CD but it isn’t not a domestic bank but a non-U.S. Bank. Once again you don’t get paid for the risk you don’t take. So since it is a little less liquid than domestic CDs they have a higher yield. Because of this, traditionally only large institutions invest in this market directly. Mostly, individuals invest indirectly using money market mutual funds.

During this series, there is one thing I want you to take away. There are many ways to have low risk investments. But just you have seen, it can be complicated to understand the ways these instruments work. But once you sit down with your advisor and you determine your level of risk and where you want to be, you can see it is more than just picking a money market and calling it a day. Your financial advisor works very hard to hear you as a client and find out what may work best for you and your situation.

Whether a CD or a Bankers Acceptance draft, they may have a place in an investors portfolio. This is a great introduction because all of these are short term, low risk investors that are considered cash and cash equivalents. Also take this away. Even though the returns may be low, they are something, which is better than nothing.

Commercial papers-Repurchase Agreements-Treasury Bills

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On our episode on Cash equivalents we spoke about money market funds and how they were high quality short term funds. Usually you can purchase taxable money market funds- which seeks a stable net asset value and has a maturity of less than 90 days. You can invest in tax-exempt money market funds, which are national. They are municipal funds and the income is free from federal income tax. Also keep in mind if some of the income comes from the state, it can be tax exempt as well, but you need to check.

So now onto U.S. Treasury Bills- usually issued in $100 increments with $100 minimum purchase. They are issued at different intervals, a 52 week t-bill is auctioned every 4 weeks, and there are 4, 13, 26, and 52. There are also cash management bill which are auctioned sometimes in a matter of days and not weeks. Basically, they don’t auction on a regular schedule. The way they work is that they are sold at a discount. Which is taxed at ordinary income (whatever you tax bracket is) But remember, they have a maturity date of less than one year. They are not subject to the original issue discount taxation rules that apply to other bonds. The interest is taxable on the federal level, but not the state or local income level.

In modern portfolio theory which we will discuss in another episode, U.S. Treasury bills because of their low risk and high liquidity and marketability, are used as the risk free rate in most calculations, specifically the 13 week U.S. Treasury Bill. The risk-free rate is used as a benchmark to measure the return of other assets and represents the lowest level of return an investor expects to receive. So if all else fails, you will at least get that much.

Commercial paper is a negotiable, short-term, unsecured promissory note issued by a large corporation to finance accounts receivable and inventories. This type of debt is usually issued in denominations of $100,000 or more and is a substitute for short-term bank financing. Money market mutual funds are the primary purchasers of commercial paper. Which we discussed in our last episode concerning cash equivalent instruments.

Repurchase Agreements or known as repos is another form. And it is pretty simple. Dealers will agree to sell a security at a certain price, and buy it back at a higher price at a later date, and the difference will be interest that the buyer would receive.

In this market update, I go over some things to look out for, such as the VIX, volatility in the market (or lack thereof), inflation, and short term market highs. Letting investors know that they shouldn't get "used" to these times of markets due to fiscal policies and stimulus packages that are keeping this economy afloat. Check out this episode to see what other information I provide on this market update.

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When we speak about cash and cash equivalents we speak about liquidity and marketability. In these cases, we can includes these equivalents in our emergency fund because they are easily accessible and the loss in principle in minimal if any.

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Certificates of Deposit or CDs is a term many of us are familiar with. They are deposits that are made with banks or savings and loan for a specified period. The terms can vary but usually one month up to 5 years. The benefit use to be that the longer you kept the money in the bank, the higher the interest rate they paid you. But investors beware, if you put a CD in for too long or put in money that you needed, there is usually a penalty to take your money out. And before, sometimes it was more than the interest you made. So not only did you not make any money, you owe money. This helped in 2 ways. There was always money that could be taken out without penalty, and you could take advantage of any rate changes. These interest rate are fixed and secured by FDIC for up to $250,000 per ownership category, so if you had a personal account and a trust, (depending on the number of trustees) you could insure up to $500,000 or more.

There are also negotiable CDs which are $100,000 or more and usually for terms up to one year. Just remember these are sold on the secondary market and they determine the prices, so that might be different than the original principal invested.

There are also Money Market deposit Accounts better known as Savings account and not to be confused with Money Market Mutual Funds. This savings account has a limit on how many withdrawals you can take without a penalty or being converted from an interest bearing account to a non interest bearing account. I think it is 6 per month. It is supposed to be a savings account and not treated like a checking account. Because banks depend on that number to determine how much they can lend. All in all, Just know this is a great place to put funds that you are saving before you invest.

Money Market Mutual Funds are offered as both taxable and tax-exempt investments. Usually investing in high quality short term investment with low risk such as U.S. Treasury bills, commercial papers, and as we discussed before negotiable CDS. They have very short maturity dates, the average is less than 60 days Now keep In mind most rates can change due to short term interest rates by the federal funds rate or the overnight lending rate between banks but they are pretty consistent.

What is Cash?

Sounds simple...but it is more complicated than the money in your wallet.

On this episode of Financial Advisors Say The Darndest Thing

Learn what is the technical term for cash and cash equivalents.
Figure out if you have TOO much cash
Learn about inflation and how you could be losing on the money you have in the drawer or safe deposit box.

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Well when we do financial planning, when we think of cash, we think of an asset that has a high liquidity. What is liquidity? Liquidity is the ability to sell or redeem an assets at a known price without a lot of principal loss. For example, if you have $200 in a savings account at 9 am in the morning, in most cases, you will be able to get that $200 in the afternoon without much issue. That is because those funds are liquid.

But if you have $200 in XYZ stock in the morning and the news comes out that they are going bankrupt, at noon, you may not have $200 by that afternoon. Now, this isn’t to scare you from investing. It is to let you know that investing in stocks is less liquid than holding in cash or a cash equivalent.

If you are an investor, you are going to need some form of cash or cash equivalent, no matter how well the stock market is doing. If you don’t have cash for any other reason except to pay current expenses, it would be a good reason.

In this episode you will learn:

The two primary factors that drives the stock market (Fundamentals and Sentiments
The benefits of Dollar Cost Averaging
And how having a long term view will help with fears in current markets

There are many things that can cause the market to go up and down and because you are invested in the market with your 401k that includes your retirement. We break down things you should look for when determining a strategy.

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Is the job market getting better? Is the economy getting better? And what can you expect coming up.

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Is the job market getting better? Is the economy getting better? And what can you expect coming up.

The proper protocol around Covid is still unclear but one thing is…we all are trying to find ways to cope with it. Whether you are wear masks, against vaccinations, or just stay at home. The truth is the matter is that everyone is doing what they feel is right.

According to the article unemployment dropped from 6.2% down to 6.0% and claims to the be lowest in a year says the Labor department on Friday.

So once again, let’s address what this means for you the investor.

Since you had low to no income and was able to surprise. Now that you have your job back take the time to figure out what you were able to eliminate to make ends meet. Then live on that amount as you save up an emergency fund, just in case this happens again. You may even try for 6-12 months before you start to think about adding any more to your investments
There will be an increase in investment options coming your way. As new job opportunities present themselves, it is important you get some guidance in the matter. Visit with your investment advisor or start to look for one.
Speaking of investment advisors, speak with your Human Resource department and request your retirement options. Some companies are able to match retirement savings as an employee benefit. For example, if you put 3% in the account some companies will match you up to that percentage dollar for dollar. Make sure you speak with your human resource department to see your specific options

I think it is obvious that COVID spikes late last year and early this year stalled the job recovery but we are going in the right direction. With vaccinations going out, whether you believe in them or not, we are seeing businesses using this data to speed up the re-hiring process. Some are predicting that the job market will be back to normal by 2022. Until then, we just need to continue to have our faith in God and make sure that we protect ourselves. And not just form the bacteria but financially.

We started to realize the difference between what we needed and what were luxuries. Not only that, we started to appreciate what we have. There is a saying: There are 2 ways to be wealthy. To be able to buy whatever you want, or wanting everything that you have.

Do You Have An Advisor Of The Future?

Many of us know we will need a financial advisor at some point of our life. Whether a mortgage officer, a lawyer, a CPA, a banker, or a holistic financial planner like me. But the question remains, will he/she be an advisor that can keep changing with the financial landscape.

In this episode, we speak about what to look for in the advisor of the future. And spoil alert: it is not the advisor of your parents.

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Technology is going to be number one. In this digital world, access to information and the advisor is critical. As the oldest of the millennials are approaching age 40, they have been through 2 recessions and they are realizing that they can’t do it on their own. The arrogance behind picking a few good stocks when the market was rising, gave this false sense of control. And now they are afraid that they won’t have enough money to reach their retirement goal. On that same note, it isn’t uncommon for the next generation to compare visiting their parent’s financial advisor like visiting the dentist.

We live in a very sensitive time, and transparency around what your advisor beliefs are, are becoming the non-negotiables in selecting an advisor.

Consumption, when you provide information, potential clients have a chance to consume information about the advisor when they have the time. The days of the in-person seminar is slowly fading away. People want webinars they can enjoy at home, and most importantly, replays they can watch if the time doesn’t match up with their schedule.

Next is branding. The general practitioner is going to find his business slowly fade away. We spoke about it earlier, how people want to be able to identify with their financial advisor. The information they provide should directly impact the clients that they serve.

So here are a summary of things to look for:

1) Common interest- As a faith based firm, we believe that faith and finances don’t have to be separate. That you can make money, and still do the work of God in your life. Your financial advisor should also share your perspective about life. Because they will be making decisions on your behalf.

2) Technology- You need an advisor that is able to meet you where you are. We spend a majority of our time on our computers and our phones. Finding out what technology they have to make access and information fast and fun will be a plus

Is your job saying you have to go back to work? Let us help you.

COVID VACCINATION: How choices can affect your paycheck and how to prepare

Check out our video on 3 financial tips you can do now, to prepare for your potential return to work.

We will be breaking down the article "Employees could be heading back to the office sooner than they think" posted by CNBC.

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$400 Million Ponzi Scheme EXPOSED!!!!

In this episode of Financial Advisors Say The Darndest Things we discuss the recent event, where a legitimate business woman gets caught up in a web of deceit, as she was taking the money of friends and family to fund her luxury lifestyle.

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We are going to talk about Trust. A.B. Ridgeway is about full transparency. That is why I provide so much content. When most investment firms hide behind their big names and high minimums. Even though our firm’s average client as $250k or more, we still take the time to inform those who are working toward this goal. And not only that, protect those that have those assets from running towards the next get rich quick scheme. Because we see clients who come to us and say “Hey A.B. I’ll be retiring in a few years and I have about $500,000. And a friend of mine said there is a business where I can double my money in 3 years…”

So before you turn your back on your traditional financial planner for bigger returns, take listen to this.

“SAN DIEGO WOMAN SENTENCED FOR NEARLY $400M Ponzi Scheme”

The article by the Associated Press reads, that A San Diego Business woman whose Ponzi scheme bilked hundreds of people out of nearly $400 million was sentenced to 15 years in prison.

Here are a quote by the judge, “This went on for seven years. This wasn’t just strangers hoping to get rich, This is a level of deceit and betrayal I wasn’t fully aware of”

Gina Champion-Cain was behind this betrayal. She encouraged friends and families to invest in a business- American National Investments- that supposedly made high-interest loans to businesses seeking California liquor licenses. Now keep this in mind. She did have a legitimate Patio restaurant style business. I think she even had rental property.

Cheap plug. But earlier today I just spoke about leverage and the dangers and benefits of using it, to acquire more profit. But just as you can make more on leverage, you can also lose more. She was leveraging her debt by using other peoples money, HOPING that the success of her business would one day pay back the investors that initially trusted her.

So was it bad investment choices? Maybe. But the money was going to fuel her IMAGE. And that is something I want to tell my followers. Your image and who you think you want to be, can be detrimental to your actual finances.

Are you afraid to talk about your finances? We get that. Sometimes we are embarrassed about where we are financially. In this short 5 minute session we talk about making new decisions based on new information. Understanding who you are. Our guiding principle comes from 1 Samuel 16:7

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Today we are going open up the discussion around one of our guiding principles. This is going to be ideas that you can share and pray over as you make your financial decisions. As a firm we use them to help our clients through challenging financial decisions. Whether it is from marriage, divorce, the birth of a child, the passing of a loved one, or even a major purchase. These guiding principles help us stay grounded and focused on God when the world wants to pull us away. I think every one’s favorite quote is “Money is the root of all evil”. But we all know that money is not evil, but it is saying that if you look at the motivation for the evil, at the core, you will see a monetary gain.

So let’s dive into today’s guiding principles. This is one that is on our website. It is

Know Thyself

GIVING PEOPLE THE FREEDOM TO BE WHO THEY ARE

1 Samuel 16:7- For the Lord sees not as man sees: man looks on the outward appearance, but the Lord looks on the heart.”

We encourage everyone to be open and fear not judgement for being who they want to be. Because God loves all of his children. But in order for us to help you. You must be honest with yourself. Just as the scripture says. We look on the outside but the Lord can look on the heart. And who knows the heart better than you? When you are making financial decisions, those who are helping you needs to know your heart. In today’s society it is a little scary to expose yourself. We tend to put up this image of who we want people to see us as, as opposed to who we truly are out of fear of judgment. Because if they critique the image, our egos are protected because we feel that was not us in the first place. That is why we give people the freedom to be who they are. And this guiding principle is important because the moment our clients are not who they truly are, all of the other numbers go out of the window. If you tell me you save $400/month and I calculate that based on that total, you save $3600/year and a percentage of it can go into your contribution into your Individual Retirement Account for some tax deduction to your adjusted gross income…guess what?

Are you married or dating someone special but y'all just don't agree on money? Sometimes it feels that how they spend, save, and view money, that you two are from two different planets? Well don't worry...we have an event called Wealth Languages which I'm going to have as an open discussion event. We will go over the different types of Wealth Languages and answer some questions couples and those looking for their mate, might want to consider.

One of the major causes of divorce is money. We love our significant others. But sometimes when it comes to money, it feels as if we are talking to a stranger. Join us as we learn to break down these language barriers and learn the 4 Wealth Languages so you can have a happy relationship.

A study conducted by The Williams Group, surveyed over 3,000 wealthy families and concluded that 70% of those families lost their wealth by the end of the second generation. By the third generation, an incredible 90% of wealth had been lost. While those statistics are sobering, they don’t provide much context as to why this is happening. To answer that question, a follow-up study was conducted and the results were staggering. Less than 5% of the wealth loss across generations was due to poor investment, legal, or tax advice. In contrast, 95% of wealth loss was rooted in a breakdown of family communication and trust.

This will give you, a base on which you will be able to open up a conversation with your spouse and children about how you manage the blessings that God has put into your life. We will discuss opening the lines of communication with your heirs, discussing your wealth language with your spouse, and how to use discernment when expressing yourself.

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How do you make financial decisions
What changes do you see occurring in the next 5, 10, 15 years?
Putting finances to the side, what is the one thing you want to accomplish in your life going forward?

These are just 3 of the 5 questions we review in helping you decide on which advisor is right for you. It's a hard choice, but you don't have to go into a meeting unequipped. Have a seat, sip some tea, and be prepared, to be prepared.

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In this episode A.B. Ridgeway talks about the honeymoon period. The time after the relationship is built. It takes time to learn a person. Don't make your first impression, the only impression. He teaches you to continue courting your advisor and figuring out if it is a good fit or not.

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We discussed the 4 pillars of a strong a Financial Foundation: Managing Debt, Savings, Investing, and Wealth Transfers.

We don't just provide financial planning services. We give our clients confidence. Some are ashamed that they have been managing their finances with closed eyes, afraid to see what is really there.

We provide you the tools and resources to open your eyes and dream of a better tomorrow. So you know what to do with your retirement. So you know what do with your inheritance. So you know how to give to your children when you pass.

We give you that confidence and all from a biblical perspective. Because your faith and your finances don't have to be separate.

To see the full video presentation click the link below:

YouTube: A.B. Ridgeway Wealth Management

https://www.youtube.com/watch?v=bvdsP61N1vI&t=781s

Website:

www.abrwealthmanagement.com/event

If you have any questions you can email us at:

info@abrwealthmanagement.com

For what advisors do, the value can far exceed the cost. So that is a good thing. Now, advisors are more affordable than ever. With so many ways to engage an advisor, you can pick a price range and fee schedule that fits your budget. A.B. Ridgeway encourages every one to do their due diligence because even a quarter of a percent can erode some of the gains in a portfolio over the long term. Tune in to learn more.

Need A Financial Advisor?

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Find us on LinkedIn:

https://www.linkedin.com/company/abrwm

In this episode we tackle issues such as the difference between thematic, exclusion, and integrated sustainable investing. We explore the client experience and what things you should look for when exploring the world of sustainable investing. Our special guest today will be Stuart Peskin, CFA, CFP.

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In this episode we break down the services that a financial advisor can provide. It is more than just calculations. It is humanity and a loving spirit. We trust in God to lead us down the right path, but we must use discernment and gather as much information as possible. A.B. Ridgeway explains that it takes someone special to handle the complex.

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Are you confused with all these titles? Do you need a stock broker? A financial consultant? A robo-advisor? Traditional advisor? A wealth manager? Well let us help you. We break down the differences in these titles (psst...it's not as hard as it looks) and let you know some things you will want to look for in each.

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Many of us never heard of a fiduciary before. So what is a fiduciary. In simple terms, it is someone who acts in your best interest...like a parent. But in this case, it is someone who helps you make decisions about how to manage your finances, instead of how to manage your school work. In this episode you will learn:

What is a Fiduciary?
How to choose a Fiduciary.
What separates the good from the bad ones

If you are looking for a financial advisor who is a true fiduciary. Click HERE to go to our website for a complimentary consultation to discuss how we may serve you.

January 6, 2021 was a historic day in American history and may not have been the brightest moment. A.B. Ridgeway reflects on this occasion and speaks on who he addresses his clients. He also takes some time to discuss money for the heirs of his clients and things they should know about their employee benefits and where they can get help.

Key Takeaways

We have freedom of speech but not freedom from the consequences of that speech
You don't have to face your financial decisions alone, we help you find professionals that can help and some are free
Seek professional help whenever possible. The more advisors you have, it can potentially increase your probability of success.

Need A Financial Advisor?

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