Helping Your Divorced Daughter With Ron Blue

Show Notes

Ron Blue is the co-founder of Kingdom Advisors, author of a shelf-full of books on biblical finance, including Master Your Money.

HELPING A DAUGHTER WHO'S GOING THROUGH A DIVORCE: WHAT'S THE BEST APPROACH?

• Support must be dynamic, adapting as circumstances change.
• Emotional, spiritual, and financial challenges intertwine, requiring sensitive navigation.
• Equitable treatment among siblings means addressing each child's unique needs, especially in crisis.

HOW DID YOU AND JUDY DECIDE ON THE EXTENT AND MANNER OF HELP?

The decision on how much to help was made progressively, acknowledging the fluid situation post-divorce.

• The process involves constant reassessment based on changing needs and situations.
• Supporting a child who feels like they've failed requires careful emotional and financial consideration.
• The principle of loving your children equally but treating them uniquely guided their approach, especially in allocating resources differently from other siblings.

WHAT DID THE JOURNEY TO REESTABLISHING SELF-SUFFICIENCY FOR YOUR DAUGHTER LOOK LIKE?

The path to self-sufficiency was gradual, spanning several years until she remarried and established her career.

• Support extended beyond financial help to include significant time spent babysitting and being involved in her and her son's life.
• The closeness to their grandson is a testament to the time and care invested during this period.

HOW SIGNIFICANT WAS PRAYER IN THIS PROCESS?

The power of prayer and the support of friends played a critical role in navigating the challenges of divorce and single parenthood.

Ron Blue emphasizes the importance of adaptability, empathy, and a tailored approach when supporting a family member through divorce, underpinned by a strong foundation of prayer and support.

ON TODAY’S PROGRAM, ROB ANSWERS LISTENER QUESTIONS:

• I found out my 403(b) contributions stopped without my knowledge, and now I have $49,000 sitting unmanaged; what should I do with this account moving forward?
• My daughter, who has moved away from her faith, wants to buy land in a foreign country and is asking for a significant financial contribution from us; how should we handle this as believing parents?
• I'm considering investing in a fixed index annuity offering a 40% initial bonus and subsequent returns based on interest rates; is this a good investment for me?
• I acquired two properties through a 1031 exchange and want them to transfer to my son upon my death without tax implications; how can I ensure this happens smoothly?

RESOURCES MENTIONED:

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