March 24, 2009
Most financial advisors lead people to produce financial plans that are fraught with risk.
Are you gambling with your financial security?
When it comes to “Protection,” such as insurance, financial advisors typically choose to offer plans in which you end up paying the highest premiums for the lowest benefit – exactly as the insurance companies like it. Using these plans people usually expose themselves to way too much risk in every single area of their insurance. One’s insurance should be a solid foundation that protects your financial house from ruin. Most people I first meet think they have their’s well taken care of, but as they become more educated end up changing almost every single decision they had previously made. Read the rest of this entry »
March 23, 2009
Almost all financial advisors recommend that you invest your money in the stock and bond market, usually through mutual funds, although it could be through wrap accounts, managed accounts, or in individual stocks and bonds.
The emotional rollercoaster of the stock market
All of these options are subject to the schizophrenic, emotional roller coaster of the markets. As you know well, the value of your accounts can go down because of something that has nothing to do with the value of the underlying company. And these negative years hurt far more than the positive years help. So no one does as well as the average return of the investment they are investing in.
Why expose yourself to these risks?
We here at Kingdom Calling are hesitant to take on any of this market risk. Many of our clients pulled money out of the stock market before the serious crash began as they were being educated in stewardship. Some have just recently started looking at the market, but with new eyes. Read the rest of this entry »
March 19, 2009
My years as a traditional financial advisor, before I questioned the status quo and began focusing on stewardship, taught me a lot. One of the most salient things I gleaned in those years was that fact that your standard financial advisor can’t, over time, really help you out-perform the market. But they may well help you under-perform the market. In fact that outcome is far more likely.
Do you feel like you're not going to make your dreams a reality?
I also realized that when you’ve acquired “enough” assets to reach your current “goals,” financial advisors will routinely encourage you to be less efficient moving forward. They won’t tell you this, of course, but that’s typically what their recommended course of action “says.” So one of the great products that a relationship with a financial advisor can offer you – is a shiny new glass ceiling for you, your money and your dreams. Read the rest of this entry »
March 17, 2009
Kingdom Calling cannot and does not try to predict the future.
Trying to predict the financial future can be misleading
If you’re working with a financial advisor that does, it’s probably time for you to question your direction.
Instead, Kingdom Calling tries to plan for every contingency while focusing on maximizing the efficiency of your plan. By doing so, we are able, in most cases, to grow your wealth far beyond what any financial advisor considers possible.
Kingdom Calling focuses on Cash Flow and Velocity, as opposed to Hoarding. In doing so, we employ the same effective growth strategy employed by the wealthy and most successful financial firms (those who practice sound principles), while simultaneously staying true to the word of God.
Financial planning is really quite simple: plug-in an assumed rate of return, inflation percentage, number of years until your retirement or goal, and an assumed amount of money you will “need” at that time. Then leather-bind the 200 page plan so it looks weighty, important and worth the price.
The problem with this method? Read the rest of this entry »
December 8, 2008
As I started my career as a financial advisor in late 1997, I had a few offers, of which American Express Financial Advisors seemed the best. They competently taught the ins and outs of traditional financial planning. And, for a few years, I taught and managed my clients using these traditional principles. But it wasn’t long before I realized that what I was teaching and implementing – though true in the traditional sense – actuality wasn’t. Money and math work very differently. And yet most financial planning advice given in this country is based purely on math, and never works the way it’s advertised in real life. Read the rest of this entry »