(#116) What Would An Advisor Say About Creating A Plan That Makes Everyone in the Family Happy?
Financial Advisors Say The Darndest Things by A.B. Ridgeway Wealth Management
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 makin ... See more
60% of wealth is lost because of communication breakdown and a lack of trust. So if you're unwilling to communicate or to trust the next heirs, then everything you are fighting to preserve is going to be lost anyway. So why not take the time to listen to them and figure out their thoughts and how they earn money, how they save it, and how they spend it, and how they invest it, and how they ultimately will share it. And together, worked on a plan that makes everyone more what? More comfortable. As Christians, we were taught to be good stewards over our tithing and giving to the less fortunate. But when it came to our own personal finances and investments, we are clueless on what the Bible says. What does the Bible say about managing debt, leaving a legacy, investing, or even planning for re
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