Stewardship Goals Later In Life With Ron Blue

Show Notes

Everyone to whom much was given, of him much will be required, and …to whom they entrusted much, they will demand the more.” Luke 12:48 is a powerful verse about stewardship. We should set goals for using the resources God gives us. Today, we’ll talk with Ron Blue about how those goals may change later in life

Ron Blue is the founding director of Kingdom Advisors and the author of many books on biblical finance.

• Blue tells us that setting goals for your finances and how you use money is extremely important.
• THINGS TO REMEMBER
• A few things to remember about goals: Goals give you direction. Set goals but write them on the sand. When the waves come and wash them away, you reset them. It’s not something that’s once-and-for-all. Your goals will change throughout the seasons of life. And as you set goals, you develop convictions about what you feel God wants you to do. It’s a process, not an event.
• As you age, you can set distribution goals and ask the Lord if you have enough. And how much is enough? Setting and achieving financial goals throughout your life helps you get to a point in life where you can focus more fully on the joy of giving.
• Blue also tackles the difficult question: How do you know how much money/assets to leave to each of your children?
• He says, “pray a lot!” And then ask yourself the following questions:
• - What’s the worst thing that could happen if I give X amount to X child?
• - What is the likelihood of that and what is the consequence of that?
• And as you think and talk that through, you begin to think about how you’re going to handle each child.
• If you love your children equally, you treat them uniquely. That’s just the way God treats us, uniquely.

On this program, Rob also answers listener questions:

• How can you ensure that you have the right amount deducted from each paycheck for federal taxes?
• When should you put your assets in a trust?
• Do online banks offer better savings and CD interest rates?

RESOURCES MENTIONED:

• IRS.gov
  

Remember, you can call in to ask your questions most days at (800) 525-7000. Also, visit our website at FaithFi.com where you can join the FaithFi Community, and even download the free FaithFi app.