Do You Need a Financial Advisor? with Ron Blue
Do I need a financial advisor? Proverbs 19:20 says, “Listen to advice and accept instruction, that you may gain wisdom in the future.” This advice is especially important when it comes to money and how you manage it. Today, host Rob West talks with Kingdom Advisors founder Ron Blue to discuss the necessity of having a financial advisor and what to look for when choosing one.
· Your financial advisor should share the same values and worldview as you so they ask you the right questions. You can’t get the right answer from the wrong question.
· Ron says the main thing his financial advisor does is keep him accountable.
· Financial advisors should have no bias except to help you and guide you.
· Your financial advisor should want more than anything else to help you identify your goals, values, and priorities. They should then base their advice around that.
· It’s always good to know who your financial advisor has worked with in the past in order to judge how well they will work with you.
Here are a couple of questions we answered from our callers on today’s program:
· How do I pass my home down to my son without paying capital gains tax?
· I’ve never invested in the stock market and my family is telling me now is a good time to do so. I don’t know much about the stock market and I’ve gotten differing answers on whether or not to invest. Is this a good entry point for a novice, or is this a waste of time and money?
Ask your questions at (800) 525-7000 or email them at Questions@MoneyWise.org. Visit our website at MoneyWise.org where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources like the MoneyWise app.
Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.
Featured Resources From MoneyWise
Author Art Rainer has managed to bring an entertaining element to learning about money management. A fun read for ages 8 – 12, this early-reader fiction provides math problems to solve and giving lessons to learn. It gives parents a solid foundation for talking about money principles and things kids like to be grossed out about, like used chewing gum and stinky body odor. Rainer even congratulates readers halfway through and rewards with unusual money facts. An excellent three-book series, The Secret Slide Money Club will bring fun and laughter as the agents race to save their friend from the stinky Albies, agents of Albatross, while learning how to Give, Save & Live God’s way! Request your copy with your gift of $25 or more to MoneyWise. Your generous donation helps expand our outreach to share God’s financial principles with others.
