Podcast: Play in new window | Download (Duration: 35:15 — 32.3MB)
Subscribe: Apple Podcasts | Google Podcasts | Spotify | Pandora | Stitcher | RSS
In this episode of the Teresa Blaes Show, Teresa discusses critical points and strategies regarding investment, with Jared Williams from Biblical Wealth Solutions. Also the host of the Biblical Wealth Podcast and Building Biblical Families Podcast, Jared shares from his pool of knowledge, describing the concept of Biblical wealth and Biblically Responsible Investing.
Be educated by this highly insightful episode
Conversation Highlights
[01:20] For financial education on investment strategies, Teresa recommends Brian Fouts who she previously had an interview with. Visit www.teresablaes.com/evg
[01:57] Jared’s opinion on Biblical wealth is to maximize our stewardship; our goal is not to have as much as we can but being thoughtful about how we use whatever God has given us
[04:21] The biggest obstacles to maximizing your stewardship are Knowledge and financial literacy
[06:44] When passive income exceeds your living expenses, then you have one of the biggest building blocks for financial freedom
[07:47] Biblically Responsible investing: knowing what’s going on behind the scenes of my investment; How is that money being made?
[09:20] Jared discloses that one of the problems with the typical wall street financial investment is that many of those families invested were losing up to 50% of their wealth without even knowing
[13:26] “When you look at the stock market performance and compare it to investor performance, they are not the same; Long term average returns do not equal actual returns”
[14:40] Jared’s recommendation of first steps for investors who want to invest by themselves
[16:45] Biblically screened mutual funds are not likely to be located by a single individual, Jared and his company however are offering such services
[20:24] Two other problems associated with the typical wall street financial investment are lack of stewardship and lack of control.
[22:28] Some of the services provided by Jared and his company
[28:22] Advice from Jared for anyone hearing this for the first time
[29:51] The first step when considering if an investment is Biblically Responsible, is to get a Stewardship Report”
[31:20] Proverbs 16:8 “Better is little with righteousness than great gain with injustice”
[33:07] Jared just released an E-book titled “The Biblical and Better Financial Approach”
He also offers his Biblical Investing Discovery Guide
Jared’s podcast: The Biblical Wealth Podcast
Remarkable Quotes:
[02:16] “We don’t have to be poor in order to be like Christ”
[13:26] “When you look at the stock market performance and compare it to investor performance, they are not the same; Long term average returns do not equal actual returns”
[20:40] “A lot of times when you’re using non-wall street investments you can get similar tax benefits without having to give up control of your money”
[25:00] “Most dividend-focused investments, unfortunately, are not what we would consider Biblically Responsible.”
[31:20] “Better is little with righteousness than great gain with injustice” – Proverbs 16:8
Sponsor: EVG