If you are trying to figure out how to distribute your large inheritance after your passing, then this is the episode for you! Bob and Shawn touch on key points on how a large inheritance can lead to a spending frenzy, a lack of understanding of how long it takes to build wealth, and more dangers when it is not distributed properly.
Instead, a large inheritance has various steps and safeguards that can be put in place in order to have a better success rate so that it might last for several generations. The goal should be to pass on not just the wealth, but the wisdom and good money management habits that allowed the wealth to be built in the first place.
*Christian Financial Perspectives Episode 232*
*VIDEO CHAPTERS*
00:00 – Intro
04:50 – Danger 1: Spending
05:58 – Danger 2: Speculative behaviors
06:38 – Danger 3: Fraud
07:05 – Danger 4: Distortion
07:57 – Danger 5: Not taken seriously
08:08 – Danger 6: Compound irresponsible behaviors
08:29 – Danger 7: Incentive to work
08:45 – Danger 8: Entitlement
08:50 – Danger 9: Boastful
08:55 – Danger 10: Lack of understanding
09:55 – Danger 11: Unsure
10:17 – Answer 1: Set it up correctly
10:47 – Answer 2: Keep it together
11:18 – Answer 3: Family meetings
11:53 – Answer 4: Financial principles
12:01 – Answer 5: Understanding wealth
12:15 – Answer 6: Pre-inheritance experience
13:25 – Answer 7: Slowly
14:57 – Final Thoughts
_About Christian Financial Perspectives_
Christian Financial Perspectives covers everything from “Investing in stocks, mutual funds and ETF’s” to “Planning for Retirement” to “Buying Investment Real Estate” to “Creating a Family Legacy” from a Biblical Worldview. The Bible has over 2000 scriptures that speak wisdom into how Christians can successfully structure their finances for a victorious life that honors God. Most people do not realize that Jesus spoke more about stewardship than Heaven and Hell combined.
_About Christian Financial Advisors®®_
Christian Financial Advisors®® is headquartered in Central Texas and serves clients nationwide with offices in New Braunfels and Boerne, Texas. Our focus is guiding you toward your financial goals by integrating values based advice into financial planning, retirement planning and investment management.
*» Facebook* | https://www.facebook.com/HelloCFAdvisors/
*» Twitter* | @HelloCFAdvisors (https://twitter.com/HelloCFAdvisors)
*» Instagram | @hellocfadvisors* (https://www.instagram.com/hellocfadvisors)
*» Podcast Website* | https://www.christianfinancialpodcast.com
*» Podcast Version of Videos* | https://open.spotify.com/show/74Rg1ho1LOG2YbC3j5D7B5
https://podcasts.google.com/feed/aHR0cHM6Ly93d3cuY2hyaXN0aWFuZmluYW5jaWFscG9kY2FzdC5jb20vZmVlZC9wb2RjYXN0Lw?sa=X&ved=0CAMQ4aUDahgKEwiAw_bDpKX2AhUAAAAAHQAAAAAQnAE
https://music.amazon.com/podcasts/7cb016df-18d2-47a4-ba8e-955b4ccb12d4/christian-financial-perspectives
_* Investment advisory services offered through Christian Investment Advisors Inc dba Christian Financial Advisors®, a registered investment advisor registered with the SEC. Registration as an investment advisor does not imply a certain level of skill or training. Comments from today’s show are for informational purposes only and not to be considered investment advice or recommendations to buy or sell any company that may have been mentioned or discussed. The opinions expressed are solely those of the hosts, Bob Barber and Shawn Peters, and their guests. Bob and Shawn do not provide tax advice and encourage you to seek guidance from a tax professional. While Christian Financial Advisors® believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability._