Financial Advisors Say The Darndest Things

di A.B. Ridgeway

Looking for Christian Counsel on Money Matters?

This podcast provides Christian Stewards like you with professional insights about creating a Financial Plan and strengthening your bond with God, all from a biblical perspective.

Each episode is based on current news events and insights around the 4 pillars of Christian Investing:

-Debt Management

-Savings

- Investing and

-E ... 

 ...  Leggi dettagli

Episodi del podcast

  • Antonio Brown Files Bankruptcy But May Not Be BROKE- Here's Why

    Antonio Brown Files Bankruptcy But May Not Be BROKE- Here's Why

    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." 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation *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

  • Is Your Phone Listening To You?

    Is Your Phone Listening To You?

    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." 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation *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.

  • You Cannot Serve God and Money (Quick 2 minute Message)

    You Cannot Serve God and Money (Quick 2 minute Message)

    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 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation *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.

  • Candace Owens FIRING from Daily Wire Questioned by Piers Morgan with Ben Shapiro

    Candace Owens FIRING from Daily Wire Questioned by Piers Morgan with Ben Shapiro

    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. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation *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.

  • Dave Ramsey WARNS Caller To Stop Investing If They Are In Debt

    Dave Ramsey WARNS Caller To Stop Investing If They Are In Debt

    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." 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation *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.