If you are trying to figure out how to distribute your 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.

Have you ever been approached by someone offering financial returns so great that it must be too good to be true? Bob and Shawn discuss the patterns and tactics that these financial wolves may use to lure you and your finances into unwanted territory. Some of these tactics include the ever famous “free, luxury steak dinner” to entice you and peak your interest.

However, these financial advisors can be just like “wolves in sheep’s clothing” when it comes to their manipulative tactics that they use. Many of the products they promote are rarely benefiting the consumer, and they actually benefit the advisor more than the client. When you begin to look through the minefield of promises that really sound too good to be true (because they usually are), you begin to see a pattern.

Many have succumbed to the common pitfalls of emotional investing. In this episode, Shawn and Matthew provide some quick, Biblical guidance for avoiding making emotional decisions when it comes to your finances. Unfortunately, emotional investing can lead to poor financial decisions, which in turn can lead to trouble sleeping and being OCD about constantly checking market values.

Instead of letting emotions guide our decision making, especially when it comes to the ups and downs of the market, it can be important to take a step back and take a long-term, disciplined approach to investing.

“The grass is always greener on the other side” is a famous phrase that far too many people succumb to, especially when it comes to comparing their financial situations and investment returns to others. Shawn and Matthew highlight the importance of not comparing your investment returns to others since every financial situation is unique based on household, expenditures, goals, and more!

They cover why each investment portfolio is unique, and why investors should focus on the importance of understanding one’s financial goals and meeting those. Some key questions to consider after listening are: “Who owns it?”, “How much is enough?”, and “Are your next stewards chosen and prepared?”

One quote you may have heard before is that, “History is doomed to repeat itself.” Bob and Shawn take this quote to heart as they discuss the various times in history that the stock market has plummeted and then come back, thus repeating itself over and over again. They look at some of the most famous “crashes” of the last 50 years, break down their causes, and then discuss the after effects of the market. Some of these famous events include: 1973-1974 oil embargo, Black Monday in 1987, And the market volatility during the COVID-19 pandemic. Despite significant market drops during these events, the past markets have consistently recovered and gone on to reach new highs in the following years or months. Bob and Shawn caution against panicking during market downturns and highlight the importance of staying invested through market cycles.

One of the biggest stressors as humans probably has to do with our finances. Almost everything requires a payment, and treating finances in a way that glorifies God is just another add-on that Christians may have, something Christian Financial Advisors calls “Christian Stewardship”. Bob and Shawn discuss Christian stewardship and its relevance in today's society. Christian stewardship is the belief that everything we have, including our time, talents, and resources, is a gift from God to be used responsibly and for His glory rather than only for personal gain. We are his managers of the money, gifts, and blessings that have been bestowed upon us. So how exactly does a Christian honor God with their finances? Biblically responsible investing is one way of showing Christian stewardship. Christians can invest in companies that demonstrate Christian values and avoid companies that violate those values, regardless of investment returns.

Have you ever considered rental house income as an extra source to add to your finances? Things may not be as easy as they seem, as rental homes are often not delivering the expected returns for investors, especially in high property tax areas like Texas. Bob and Matthew cover the estimated yield income from a rental home property in comparison to other investment choices. If rental income is something you’re interested in delving into a little more, a better alternative to rental homes may be to invest in a diversified portfolio of publicly traded real estate investment trusts (REITs). Not only can they provide higher yields of over 5% with more liquidity, they are also much less time and hassle than owning individual rental properties.

Do you ever feel like your household isn't in order, especially when it comes to your finances? This is something many people struggle with, and why it's important to have a trusted financial advisor by your side to walk you through the steps of getting your finances in proper order. Bob and Matthew discuss 10 of the areas that they see people struggling with the most when it comes to organizing finances. From choosing the proper insurance for your house and health to having an up-to-date estate plan, there are several important areas of discussion in today's episode. If you are looking for help with putting your financial household in order, our fee-based, fiduciary-driven financial advisors and planners are here to help.

Investment risk vs reward vs time is a great topic that allows us to better understand how the market works when it comes to timing and longevity. Bob and Matthew divide various investment styles up into 5-6 portfolios, with comparisons between investment portfolios and driving speeds. These include: Cash and cash equivalents, Ultra-conservative, Conservative, Moderate or balanced, Growth, Aggressive Growth. The higher the risk, the higher the possible reward, but it's also extremely important to keep in mind your time horizon when it comes to choosing an investment portfolio. Emotions can lead investors to make poor decisions, so professional guidance from fee based advisors, like Christian Financial Advisors, is valuable to help maintain a long-term perspective and disciplined approach.

Free money? Sounds too good to be true! However, Bob and Matthew discuss several ways that you can earn free money without compromising your values. This isn't a “get rich quick” scheme, but rather using your investments in wise ways in order to build wealth over time while remaining content and glorifying God. Some of these strategies are best for retirees, while others are better suited for younger investors. Sit back and listen as we discuss 3 ways to uncover “free” money.