Put Your Money Where Your Heart Is. Including Faith and Values in ...
In this segment, I?m very excited about it. I just got my manuscript and I have to review it in case there are any errors. I have a book coming out at the end of July. The title of the book is: Put Your Money Where Your Heart Is. Including Faith and Values in Your Financial and Estate planning.
Many of you are not aware of it, most people come in to talk to our firm about money, but we also have a 3 prong approach. We?re interested in your health and we?re interested in where you?re going to spend eternity. So when I collaborated with some other authors, attorneys, and some other certified financial planners (I?m a certified estate planner and my daughter is a certified estate planner), we wanted something that we had some things in common. So this is a book that really matches up with our values. Let me give you some of the table of contents. If you call ahead of time, the book will probably come out at the end of July or the first part of August, so we?ll take reservations ahead of time. We?ll tell you how you can get this book later on at no cost to you. It?s going to be chock full of stuff. Here is an example of some of the chapters.
- Connection between faith, values, and money.
- What is financial planning and who needs it?
- What if I don?t plan?
- General investing principles.
- Risk analysis and portfolio diversification.
- Faith and values based investment choices.
We?ve had shows in the past talking about more responsible investing.
- Retirement planning.
- It?s all about estate planning
- What is estate planning and who needs it?
- What if I don?t plan?
- Preparing for estate planning.
Chapter 8 is broken down into 4 parts, faith and values.
- Big choices about your helpers. Guardians for minor children. Healthcare decisions during incapacity. We?ve talked about power of attorney in the past. Property managers during incapacitation. Trustees after death. Section 4 has to do with foundation planning techniques, power of attorney for health, power of attorney for property, wills, and probate. We?ve had several shows in the past on that.
There are over 22 chapters? 27 chapters in this book. I didn?t write every chapter but I?ve written certain chapters of this book. So if you?d like to get a copy of this. It will be out the end of July or beginning of August. Just call in and say you?d like to have more information and have it autographed. It?s called Put Your Money Where Your Heart Is. It?s including faith and values in your financial and estate planning. One of the topics in the book has to do with irrevocable funeral trusts, which we?ve been talking about. So there?s a table of contents. Let me give you some information. There?s an appendix, Appendix A, and some of the topics in it. One of them the question asked ?is leaving behind an inheritance biblical?? Well our website is Leave a Legacy. We didn?t come up with that name by chance. In fact, it cost a lot of money to get that domain, especially that ?A? in leavealegacy, but is leaving behind an inheritance biblical?
Leaving an inheritance is a biblical concept. Generally, the history behind it is that it was given to adult children while the parents were still living. It was considered good estate planning. According to Jewish tradition, a father would begin to pass along his inheritance to his oldest son when he reached his mid 30s. Now you might wonder why was that. I tend to think it was so he could monitor his son in managing his wealth while he was still living. Proverbs 13:22 states that a good man leaves an inheritance to his children?s children. Ecclesiastes 7:11-12 says ?wisdom along with an inheritance is good and an advantage to those who see the sun.?
Here?s another question in Appendix A. How should my faith impact my financial decision making? You know, on past shows we talked about yellow money, gray money, and red money. Yellow money is your emergency money, that?s checking account, savings account, money markets, credit union. And we say you should have anywhere from 3 months to 12 months. Red money is money at risk, that?s mutual funds, stocks, bonds, ETFs, commodities, anything that can go up and down. Green money is money that has these characteristics: Your principal is protected. Your interest gain is locked in every year. That would be a CD, a savings bond, an indexed annuity, a fixed annuity. And we talked about being good stewards. We are instructed to pursue wisdom. So when I?m talking about the economy I?m trying to instruct wisdom and understanding. Proverbs 23:22. In Psalms 15:22 it says ?without consultation, plans are frustrated but with many counselors they succeed. We are called to be good stewards of money that God?s given you.? And also Proverbs 16:13 states that if we commit our work to the Lord your plans will be established. And 1 Timothy 5:8 states that if anyone does not provide for his own and especially for those of his household, he is denied the faith ?an unbeliever or infidel. So it?s very important. That?s what we talk about in this retirement roadmap. Something that?s guaranteed. Something that is predictable.
In the Appendix it talks about, Is retirement biblical? There?s only one scripture reference to retirement in the Bible. Isn?t that something? It?s in Numbers 8:25, and it was only for the Levite priests who would retire, and basically they stepped aside at age 50 and that?s it. There?s no other mention specifically of retirement in the scripture. In fact, God created us to work to be producers, to stay active, to influence lives, to impact our world in a positive way. Biblically it appears that retirement should simply be a transaction to a different location or a different focus in our use of time, not a lapse into laziness or non-productivity. Don?t you find that interesting?
Right. So again, if you?d like to get this book we?re talking about the book that I helped author, by the way, is Put Your Money Where Your Heart Is. Including Faith and Values in Financial and Estate Planning. Even if you?re not a believer, you should get the book because it talks about being good stewards of your money. And we?re talking about estate planning, financial planning, power of attorney, wills, trusts, all kinds of good information in there. Let?s talk about another one in this Appendix A. How much is enough? This is a very commonly asked question. Warren Buffet and Bill Gates are traveling the world to enlist billionaires to join the club of billionaires, who have pledged to give away at least 50% of their wealth to charities. Certainly they believe they have more than enough. Scripture gives guidance in answering this question. Ecclesiastes 5:13 states ?There is a grievous evil which I have seen? under the sun. Riches being hoarded by their owners to his herd.?? And Proverbs 15:16 says ?Better a little with a fear of the Lord than great treasures in turmoil with it.? And I go on and on. Is it worth it to try to squeeze an extra 1 or 2%, to be too greedy? Or is it better to have a more predictable. You have to ask the question. What is God calling me to do? We also talk about the moral fabric of responsible investing. Does your money where it?s invested match up with your values? We?ve talked about on past shows we have software called The Evaluator and Investigator which can tell you if your investments are matching up with your moral values.
Now you know, interestingly, we see people who don?t want to know. Some people once their shown they?re really? What do I do now? Now I have to change my behavior. But we just had a couple in last week and they were shocked that some of these companies that are almost made in America type companies they were shocked to find out some of the things they invest in. So that?s really something that if you?re a Christian you should really want to know where it is you?re putting your money.
So if you?d like to get a copy of this book (it?s not out yet but it will be out the end of July or early August), it?s not going to cost you anything for this book, but you have to call our office and we?ll tell you how you can get it. What you will have to do is come in. You don?t have to spend much time. I want to shake your hand. If you want to sit down and talk, that?s fine. But there?s no cost for this book. If you?d like to get a copy of it, call Legacy Financial Strategies. When it first comes out we?ll give you a call and tell you how you can get it at absolutely no charge. The name of the book is Put Your Money Where Your Heart Is. Including Faith and Values in Your Financial and Estate Planning. I?m one of the authors. There are several other authors. There are some attorneys and some other certified financial planners. Thanks for tuning in and we?ll talk to you next week.
Tags: biblical approach, faith based investing, financial planning, General investing principles, how to invest, Put Your Money Where Your Heart Is, retirement planning
ryan tannehill cispa pittsburgh steelers detroit lions seattle seahawks space shuttle space shuttle new york