Kingdom Calling vs. Financial Advisors: Hoarding Hurts

March 21, 2009

Financial advisors encourage you to be miserly and have the smallest possible impact on the world. This is the same financial advice given in most churches, either because that advice is coming from lay people or from church members who are practicing “traditional financial planning.” And for a lot of folks it’s not horrible advice, because most Americans, and most Christians for that matter, have a terrible spending problem. So the advice is to scrimp and save.

What has your money done for you lately?

What has your money done for you lately?

Now, saving is important. And not wasting your money frivolously is important. But if that’s where most of your focus goes, you can’t focus on being more productive. If such frivolous spending is a problem, then it needs to be addressed (and sometimes we spend considerable time with clients on this), but once there’s a reasonable amount of discipline here, there is far more that can be accomplished by focusing on producing more with what we have.

So where financial advisors encourage hoarding, Kingdom Calling focuses on cash flow, so your assets can actually send you money instead of giving you only paper gains. Think about it: you can’t eat a paper gain, but you can definitely be hurt by a paper loss. Read the rest of this entry »


Kingdom Calling vs. Financial Advisors: Who Benefits

March 20, 2009

If you’ve been reading this blog for some time, you may remember me asking the following questions:

Are you in control of your money?

Are you in control of your money?

1)Does a bank, or other financial institution want all of your money or just some of it?

2)When you make more money in the future, do they want that too?

3)Do they want to give your money back to you soon or a long time from now?

4)When they do give it back, do they want to give it back all at once or over a long period of time?

Do you remember, or know the answers? Read the rest of this entry »


Kingdom Calling vs. Financial Advisors: Building Glass Ceilings

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?

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 »


Kingdom Calling vs. Financial Advisors: Forfeiting Your Power

March 18, 2009

I feel sorry for most of the common people I hear about who have lost wealth, lost their way, or both in the financial storm we’re currently weathering.

You are your best ally

You are your best ally

“Why cry for those whose fault it is?” I’ve been asked. Certainly these people were at fault.

One can throw blame upon many right now, and that’s not my goal. What’s more important is what has been lost. And I’m not talking about money. That’s easy enough to get back. The worst thing that happened to those who followed the direction of a financial advisor to their present state, is their forfeit of power and self-direction.

This forfeit occurred the first time money and trust were handed to a financial advisor. Which is why the FA/client model is such a bad idea. It teaches you to follow others and their direction, not you and yours. Read the rest of this entry »


Tithing, Leverage & Velocity

March 13, 2009

The tithe can also help us understand a couple of financial principles. We’ll cover these in more concrete ways later, but tithing utilizes both leverage and velocity.

When we tithe, the velocity of our money creates an impact greater than we can imagine

When we tithe, the velocity of our money creates an impact greater than we can imagine

We’ve already spoken about the fact that when we tithe, we are giving something that is not ours to help someone else and in return receiving future benefit. This is the concept of leverage.

Velocity involves the movement of money through a system that actually increases the amount and affect of money simply through the movement. This is measured in national economies and corporations, but too often ignored in personal finance – as we’ll see later. Read the rest of this entry »


“I Don’t Tithe Because…”

March 6, 2009

Our temptation is to look at our own circumstances and decide that they are too difficult and to say that God understands your reasons for not tithing. Please understand that Satan tells everyone this when they’re not in the habit of tithing. By following the wrong master you’re are not allowing God to bless you in the way that He wants to and promises that He will.

Ever feel like you're in a tug of war with your money?

Ever feel like you're in a tug of war with your money?

In Malachi 3, God tells us that we are robbing Him when we do not give a tithe. This is hard to understand if we don’t see that God owns everything and that which you have, He has freely handed to you. But He has also instructed you to give back to Him a tithe and offerings. He also says that when we do not, we are under a curse. This is not the framework from which we want to build wealth.

The good news is that He goes on to say that He will bless us immensely when we do bring the tithe to Him. He even says that we can “test Him” on this and watch as He “opens the floodgates” to us. He will protect our assets and cause them to grow. Why wouldn’t we want God actively blessing our labor to create wealth like this? Read the rest of this entry »


On What to Focus

February 26, 2009

Let’s talk about our spiritual walk for a moment. Because of the ease of our lives and the fact that we grew up in a supposedly Christian society, many American Christians go through life thinking that because Jesus is their Savior, they are going to Heaven when they die and can then check that box off. It’s as good as done. You’re in.

Focusing on the Now: The key to both your spiritual walk and your finances

Focusing on the Now: The key to both your spiritual walk and your finances

 

But Christ never says this. In fact, He speaks constantly about the Kingdom of Heaven being at hand…Now! He teaches that we are supposed to draw near to Him and that as we do this, we will be transformed by the renewing of our mind. That we will more and more come to resemble Him and come to know our Father in Heaven. That we should and will actually usher in the realities of Heaven to Earth. And He’ll do it right now. Read the rest of this entry »