Welcome To Financial Advisors Say The Darndest Things Podcast

In this episode, A.B. Ridgeway dives into the recent sentencing of Caroline Ellison, former crypto executive, who played a significant role in the FTX fraud scandal, leading to billions in losses for investors. Ellison received a two-year prison sentence and a hefty financial penalty, which has sparked debate about justice in financial crimes. A.B. discusses the ripple effects of white-collar crime, the ethical dilemmas it presents, and the spiritual implications of such actions. Key Takeaways: The Discrepancy in Justice for Financial Crimes The two-year sentence for Ellison, given the scale of the FTX fraud, raises questions about consistency in sentencing, especially when compared to harsher penalties often faced by low-level offenders. The Human Impact of Financial Fraud Financial crimes like the FTX fraud don’t just impact finances; they dismantle family legacies, affecting generations and leading to long-term societal consequences. The Importance of Integrity in Wealth Management A.B. emphasizes the role of faith and morality in finance, underscoring that a God-centered approach to money management should prevent such destructive actions. Financial advisors must keep humanity and integrity at the core of their work. Notable Quotes: "This individual stole billions from families, destroying legacies, yet she only gets two years, while others are behind bars for much less." "When you lose touch with humanity, people start to become numbers, and that’s a scary thing about finances." "How can a God-fearing person do this to an individual? This is why faith must ground our decisions in finance." 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #sambankmanfried #ftx #scam #financialadvisorssaythedarndestthings #money #billion #carolineellison

In this episode, A.B. Ridgeway dives into the fascinating and unfortunate story of a woman who won a $9.8 million lawsuit and invested it all into a Golden Corral franchise, only to lose it all in just 52 days. Inspired by a clip from comedian Shuler King, A.B. dissects the financial decisions behind the scenes and offers his expert financial advisor perspective. What could she have done differently? And what lessons can we take from this bizarre scenario? Key Takeaways: 1. Diversification is Key: Rather than putting all of your money into one venture, spreading your investments across various asset classes like real estate or stocks can provide financial security. 2. Get Professional Advice: Consulting a financial advisor can help avoid impulsive decisions and ensure a strategic approach to managing large sums of money. 3. Understand Financial Products: Not all investments are created equal. It's crucial to understand what financial products (like money markets and fixed annuities) can realistically offer in terms of returns. 3 Quotes: 1. "There ain’t no way in the hell you spend $9.8 million on a Golden Corral." 2. "You mess around and win a lawsuit or get a lot of money, your safest bet is to invest in something solid, like rental property." 3. "A financial advisor can’t guarantee 12%, but they can help you make better choices to grow your wealth over time." Subscribe to Financial Advisors Say The Darndest Things for more financial insights and visit A.B. Ridgeway on YouTube to watch the full breakdown of the lawsuit. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: Shuler King

A.B. Ridgeway’s insights emphasize the importance of early saving, thoughtful spending, and a spiritual approach to wealth. By mastering these fundamentals, listeners are empowered to be both financially successful and spiritually grounded. 1. Start Early. The earlier the better. The best day to start saving was yesterday, the second best day is today. 2. Treat every dollar like a newborn child.. You can’t save money, if you don’t know where it is at. You need to know what is coming in, income, and what is going out, expenses. 3. Think twice, Buy Once- you have to become cost conscious. Think about what you want, why you want it, and what are you giving up, if you buy it. 4. Set financial priorities- when we say Yes to something, we are saying No to something else. You can save and buy anything you want, but you can’t buy everything, so choose wisely. 5. Read a book- We can’t know everything, but we can learn anything. Do some research and collect ideas around your financial problem. If you have debt problems, look up debt management strategies. If you want to learn how to save for retirement, read a book on retirement. 6. Don’t show off your wealth- No one needs to know how much your stuff costs. As long as you are happy with it, it was worth it. This will stop you from overspending on brands and items just to impress others. 7. Get professional help- You will need your financial Five at one point or another, your financial advisor, tax professional, lawyer, power of attorney and executor. You don’t need to hire them all at the same time, but just know who you will use if you need advice 8. Spend less than you make- everyone says it, because it is true. Why fix something that isn’t broken. 9. God owns it all- Money comes and goes. The goal is to have a good life, help other people, and still have money to give when you pass. 10. Pay off your debts, save money for an emergency, invest the rest, and give your money to people you trust when you pass. 3 Key Takeaways Start Early and Stay Consistent The earlier you begin saving, the greater the financial impact. Starting today is the next best thing to starting yesterday, so take action now for long-term rewards. Set Clear Financial Priorities Make wise choices about what you spend on. Remember, saying “yes” to one thing often means saying “no” to another. Focus on what aligns with your goals and values. Embrace Financial Stewardship Recognize that ultimately, “God owns it all.” Use your resources to live well, help others, and leave a legacy. Balancing spending, saving, and giving is key to a fulfilling financial life. 3 Memorable Quotes “Treat every dollar like a newborn child. You can’t save money if you don’t know where it’s at.” “You can always save and buy anything that you want, but you can’t buy everything. So choose wisely.” “If you don’t get these things right, no amount of money that you make is going to help you.” Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #retirement #christianfinance #abridgeway #fastdt #financialadvisorssaythedarndestthings #money #christian #finance

In this eye-opening episode, A.B. Ridgeway takes us through the harrowing experience of a man whose ex-wife drained their joint account of nearly $100,000. We explore the dangers of joint accounts, the importance of confirming financial paperwork, and how to stay calm when faced with financial crises. A.B. also provides actionable advice on preventing this kind of disaster and dealing with customer service effectively. Key Takeaways: 1. Joint Accounts Come with Risks: No matter who contributes the most, joint account holders have equal access to all the funds. Removing a person from the account doesn’t take effect until the paperwork is fully processed. 2. Verify Paperwork with Financial Institutions: Never assume the process is complete until you receive written confirmation. Regularly follow up to ensure all actions are reflected on your account. 3. Stay Calm with Customer Service: Emotions run high during financial crises, but keeping calm and strategic can help build bridges and resolve issues faster. Treat the customer service rep as an ally, not the enemy. Quotes: 1. “When you have joint owners, regardless of who puts the money in, they have 100% access to every dollar.” 2. “The person that you’re dealing with is not the person who actually did the transaction. You can burn a bridge or build one to someone who can help.” 3. “Sit and relax… you want to maintain your mental capacity to fight what’s going forward.” Tune in for practical advice and insightful financial lessons! 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: DLAITV (https://youtube.com/watch?v=06Iqk08gJi8)

In this eye-opening episode, A.B. Ridgeway takes us through the harrowing experience of a man whose ex-wife drained their joint account of nearly $100,000. We explore the dangers of joint accounts, the importance of confirming financial paperwork, and how to stay calm when faced with financial crises. A.B. also provides actionable advice on preventing this kind of disaster and dealing with customer service effectively. Key Takeaways: Joint Accounts Come with Risks: No matter who contributes the most, joint account holders have equal access to all the funds. Removing a person from the account doesn’t take effect until the paperwork is fully processed. Verify Paperwork with Financial Institutions: Never assume the process is complete until you receive written confirmation. Regularly follow up to ensure all actions are reflected on your account. Stay Calm with Customer Service: Emotions run high during financial crises, but keeping calm and strategic can help build bridges and resolve issues faster. Treat the customer service rep as an ally, not the enemy. Quotes: “When you have joint owners, regardless of who puts the money in, they have 100% access to every dollar.” “The person that you’re dealing with is not the person who actually did the transaction. You can burn a bridge or build one to someone who can help.” “Sit and relax… you want to maintain your mental capacity to fight what’s going forward.” Tune in for practical advice and insightful financial lessons! Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Full video credit to DLai: https://www.youtube.com/watch?v=06Iqk08gJi8 Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #savings #bank #jointaccount

In this episode, host A.B. Ridgeway discusses a common misconception about retirement: the idea that if you haven't saved enough, you can simply work longer. Featuring insights from economist Teresa Ghilarducci, A.B. Ridgeway challenges this notion and breaks down the harsh realities that many retirees face when trying to extend their working years. From the uneven distribution of longevity gains to the fallacy that all Americans can continue working well into their older years, this episode tackles one of the most critical financial issues today. Key Takeaways: 1. Working longer isn’t always an option: Many people assume they can just continue working if they haven't saved enough for retirement, but job loss, health issues, or caregiving responsibilities often prevent this. 2. The wealthy live longer: Longevity gains are primarily enjoyed by wealthier individuals who have the resources to invest in their health, leaving the less wealthy with fewer options and more health-related retirement challenges. 3. 401k and savings systems need improvement: Although tools like the 401k have been available for decades, many Americans still don’t save enough for retirement. A bold reform in retirement savings plans may be necessary to secure future financial stability. Top 3 Quotes: 1. "Not everybody is living longer. The longevity gains over the past 40 years have mainly gone to the wealthiest Americans." 2. "Half the people who are retired say that they didn’t retire—they were retired. They were pushed out of their jobs due to layoffs, health issues, or caregiving responsibilities." 3. "The 401k system just doesn’t cut it. After 40 years, only half of the workforce is participating in a 401k plan at any one point in time." Tune in to this episode for a deeper understanding of why working longer might not be the safety net many believe it to be, and how you can better prepare for retirement. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.

In this episode, host A.B. Ridgeway discusses a common misconception about retirement: the idea that if you haven't saved enough, you can simply work longer. Featuring insights from economist Teresa Ghilarducci, A.B. Ridgeway challenges this notion and breaks down the harsh realities that many retirees face when trying to extend their working years. From the uneven distribution of longevity gains to the fallacy that all Americans can continue working well into their older years, this episode tackles one of the most critical financial issues today. Key Takeaways: Working longer isn’t always an option: Many people assume they can just continue working if they haven't saved enough for retirement, but job loss, health issues, or caregiving responsibilities often prevent this. The wealthy live longer: Longevity gains are primarily enjoyed by wealthier individuals who have the resources to invest in their health, leaving the less wealthy with fewer options and more health-related retirement challenges. 401k and savings systems need improvement: Although tools like the 401k have been available for decades, many Americans still don’t save enough for retirement. A bold reform in retirement savings plans may be necessary to secure future financial stability. Top 3 Quotes: "Not everybody is living longer. The longevity gains over the past 40 years have mainly gone to the wealthiest Americans." "Half the people who are retired say that they didn’t retire—they were retired. They were pushed out of their jobs due to layoffs, health issues, or caregiving responsibilities." "The 401k system just doesn’t cut it. After 40 years, only half of the workforce is participating in a 401k plan at any one point in time." Tune in to this episode for a deeper understanding of why working longer might not be the safety net many believe it to be, and how you can better prepare for retirement. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #working #retirement #savings #money

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway delves into a cautionary story about the complexities of life insurance policies. We examine the experience of a family who discovered that their loved one's life insurance policy wasn't what they thought it was. Listen in as we break down the details of decreasing death benefits, unexpected payout amounts, and how to protect yourself from falling into similar traps. Key Takeaways: 1. Decreasing Death Benefits – Many life insurance policies reduce payouts as the policyholder ages, leaving families with far less than expected. 2. Understanding Your Policy is Critical – It’s essential to know exactly how your life insurance policy works, from the premiums to the payout structure. 3. Credit Card Payments Raise Red Flags – Paying life insurance premiums via credit card could signal financial strain and might be a sign of choosing the wrong type of policy. Memorable Quotes: 1. “Insurance is meant to give people peace of mind that expenses will be taken care of after they pass, but not all life insurance policies are created equal.” 2. “When I hear ‘decreasing death benefit’ and ‘credit card payment,’ my ears start bleeding as a financial advisor because I know this is going down a bad road.” 3. “The majority of Americans don’t know how their policy works. So how can they tell their loved ones in truth? They can't.” Tune in to learn how to avoid these pitfalls and ensure that your life insurance policy truly protects your loved ones. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. audio/visual credit: NBC (https://www.youtube.com/watch?v=CXgHu56kDUQ&list=PLT485DJP9NhHe28PoPGbFkL0LKVO4f6Bu&index=37)

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway delves into a cautionary story about the complexities of life insurance policies. We examine the experience of a family who discovered that their loved one's life insurance policy wasn't what they thought it was. Listen in as we break down the details of decreasing death benefits, unexpected payout amounts, and how to protect yourself from falling into similar traps. Key Takeaways: Decreasing Death Benefits – Many life insurance policies reduce payouts as the policyholder ages, leaving families with far less than expected. Understanding Your Policy is Critical – It’s essential to know exactly how your life insurance policy works, from the premiums to the payout structure. Credit Card Payments Raise Red Flags – Paying life insurance premiums via credit card could signal financial strain and might be a sign of choosing the wrong type of policy. Memorable Quotes: “Insurance is meant to give people peace of mind that expenses will be taken care of after they pass, but not all life insurance policies are created equal.” “When I hear ‘decreasing death benefit’ and ‘credit card payment,’ my ears start bleeding as a financial advisor because I know this is going down a bad road.” “The majority of Americans don’t know how their policy works. So how can they tell their loved ones in truth? They can't.” Tune in to learn how to avoid these pitfalls and ensure that your life insurance policy truly protects your loved ones. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. audio/visual credit: NBC Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #lifeinsurance #money #policy

In this episode, host A.B. Ridgeway dives into the rising trend of multi-generational living as an unexpected but beneficial solution to the financial challenges retirees are facing. With inflation and high living costs, many families are blending households, but is this a step backward or an opportunity to strengthen family bonds? A.B. discusses the importance of planning for retirement, the benefits of combining resources, and how unconventional solutions, like accessory dwelling units (ADUs), can enhance both financial and personal well-being. Key Takeaways: Financial Strain on Retirees: High inflation is making it difficult for many retirees to maintain their standard of living, causing some to move in with relatives. The Benefits of Multi-generational Living: Combining households not only reduces expenses but also offers emotional and practical benefits, such as shared childcare and closer family ties. Unorthodox Solutions Can Work: Accessory dwelling units (ADUs) and other shared living arrangements can be a practical, cost-saving approach without sacrificing independence. Memorable Quotes: "The goal is to retire and stay retired, but for many, that’s no longer the reality." "Why pay for two mortgages when you can take those assets and put it into one family?" "Just because it's not the way it's traditionally done doesn’t mean it’s not a way to be done." If you're unsure about your retirement plan or want to explore innovative ways to prepare for the future, schedule a free 30-minute consultation with A.B. Ridgeway. The link is in the episode description. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #retirementplanning #money #moving

In this episode of Financial Advisors Say The Darndest Things, host A.B. Ridgeway breaks down a complex financial decision faced by many: should you roll your traditional 401k into a Roth? A listener from Dallas, Texas, asks whether it makes sense to convert her traditional 401k, with a large tax bill looming over her decision. A.B. provides expert insights into both the benefits and the potential drawbacks of making such a move. Key Takeaways: Tax Implications: Rolling over a traditional 401k into a Roth triggers taxes immediately, which could amount to a significant bill depending on the total assets. In this case, it could be as high as $300,000. Long-Term Planning: If you expect a higher tax rate in the future, converting to a Roth 401k could save you on taxes when you withdraw the money in retirement. This may be advantageous if your income will be lower after you retire. Company-Specific Options: Not all companies offer the option to roll over a traditional 401k into a Roth. You may need to check with your HR department to confirm what options are available for Roth In-Plan Conversions. Quotes: "A Roth In-Plan Conversion allows you to elect to convert any or all of your pre-tax assets to Roth assets. This gives you the chance to build tax-free retirement income." – A.B. Ridgeway "If we put it into a Roth, we can get it tax-free after five years." – A.B. Ridgeway "Make sure you check your company benefits or maybe check in with your human resource department to see if that's even available." – A.B. Ridgeway Catch this episode for a deep dive into the intricacies of Roth 401k conversions and how to weigh the financial pros and cons! 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: Dave Ramsey Solutions Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #401 #rothira #money #retirementplanning

In this episode, A.B. Ridgeway dives into the fascinating and unfortunate story of a woman who won a $9.8 million lawsuit and invested it all into a Golden Corral franchise, only to lose it all in just 52 days. Inspired by a clip from comedian @ComedianShulerKing A.B. dissects the financial decisions behind the scenes and offers his expert financial advisor perspective. What could she have done differently? And what lessons can we take from this bizarre scenario? Key Takeaways: Diversification is Key: Rather than putting all of your money into one venture, spreading your investments across various asset classes like real estate or stocks can provide financial security. Get Professional Advice: Consulting a financial advisor can help avoid impulsive decisions and ensure a strategic approach to managing large sums of money. Understand Financial Products: Not all investments are created equal. It's crucial to understand what financial products (like money markets and fixed annuities) can realistically offer in terms of returns. 3 Quotes: "There ain’t no way in the hell you spend $9.8 million on a Golden Corral." "You mess around and win a lawsuit or get a lot of money, your safest bet is to invest in something solid, like rental property." "A financial advisor can’t guarantee 12%, but they can help you make better choices to grow your wealth over time." Subscribe to Financial Advisors Say The Darndest Things for more financial insights and visit A.B. Ridgeway on YouTube to watch the full breakdown of the lawsuit. Lawsuit against Sherrance Henderson from the Department of Labor saying that employees weren't paid: https://www.poughkeepsiejournal.com/story/entertainment/dining/2017/03/24/golden-corral-under-investigation-department-labor/99586572/ 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: Shuler King Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #money #court #shulerking #goldencorral

8Do you consider yourself smart or dumb? Today, I just wanted to share a mind shift I had about what it really means to be smart or dumb. Is someone who studies physics truly smarter than someone who is a mechanic? Think about it. If you put a mechanic in a physics lab, he may be lost and confused...and we would call that dumb. But if we put a physicist under a car and tell him to change the transmission, he would be just as clueless. I love the idea that if you judge the intelligence of a fish by his ability to climb a tree, he will feel dumb his whole life. And I use to be that fish. Until I realized life is balanced. There will be things we know, and things we don't. And not knowing doesn't make you dumb and knowing something doesn't make you smart. It is purely, knowledge versus ignorance. You can humbly be ignorant, without being dumb. And you can be knowledgeable without being smart. I hope this helps some of us who feel we aren't good enough because we don't have certain knowledge about life. But I'm here to tell you, you are not dumb. And no amount of knowledge will make you smart. There will always be something that you don't know. So for me, listening is my superpower. And realizing that everyone you meet knows something that you don't. And you know something that they don't. So go into your day with confidence and love. And pursue your dreams. Don't be afraid of being the last person in the fastest group. Be okay with being uncomfortable. Because with enough time and effort, you can learn anything your heart desires. Feel free to share with anyone who feels they have to get a certain certification or degree to finally see themselves as worthy. #smart #dumb #intelligence #finance

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway breaks down the concept of lifestyle creep and how it could be silently sabotaging your financial freedom. Even with a six-figure salary, many Americans find themselves living paycheck to paycheck. A.B. dives into the psychology behind why we spend more as we earn more, and how this behavior can impact long-term financial security. Listen in as we explore practical strategies to overcome lifestyle inflation and build a more secure financial future. Key Takeaways: Understanding Lifestyle Creep: Even high earners can fall into the trap of lifestyle creep—spending more as they make more—often resulting in financial stress and reduced savings for the future. Psychological Factors Behind Overspending: Many people tie their perceived self-worth to material possessions, feeling like they "deserve" more due to hard work, which can drive excessive spending. The Importance of Living Within Your Means: Rather than upgrading your lifestyle with every raise, A.B. advises staying mindful of your long-term goals, encouraging listeners to save more and spend wisely to reduce financial anxiety in retirement. Memorable Quotes: “More than half of Americans with an income of $100,000 or higher are still living paycheck to paycheck. This may be the result of lifestyle creep.” “We feel entitled to live a certain lifestyle because we work so hard, but does the person with a million-dollar lifestyle really need two pairs of everything?” “You’re only hurting yourself when you overspend. The person with the million-dollar lifestyle could be living a $500,000 lifestyle and saving the rest for future investments.” Tune in for actionable advice on how to avoid lifestyle creep and secure your financial future! 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: CNBC Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #debt #credit #creditcard #money #savings

In this episode of Financial Advisors Say The Darndest Things, A.B. Ridgeway answers a question from Dominic in New Jersey, who asks, "How much should be my target for retirement?" Dominic is aiming for $3 million by age 62-67, but still worries that it might not be enough. A.B. breaks down how much you really need to retire, and whether those high retirement figures are realistic. He discusses 401k contributions, the importance of lifestyle in retirement planning, and how to balance aggressive versus conservative investment strategies. Key Takeaways: Retirement Targets Vary by Lifestyle: The amount you need for retirement depends largely on your lifestyle choices, including how much you plan to travel, give, and spend. Maximize Contributions Early: Maxing out your 401k and utilizing catch-up provisions after age 50 are key strategies for building a strong retirement nest egg. Contentment is Key: While financial targets are important, true contentment comes from learning to appreciate what you have, rather than always striving for more. Quotes: "The trick is to have a nest egg you can live off without touching the principal. Don't crack the egg or shoot the goose that's laying the golden eggs." "I've never met someone who says, 'I have too much,' but I have met people who can't find contentment because they're spiritually inept." "As Christians, we need to learn to be content with what we have—the food, water, shelter, and clothing that God has provided us." 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: Dave Ramsey Solutions Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #daveramsey #retirement #savings #money

We have been producing a lot of content over the past month and here is a compilation of some of our best shows. Christian financial advice is hard to find. Tune in and watch as a Financial Advisor breaks down the news you need about the finances you want. 💵Sign up for a Christian Finance Consultation and create your Financial Plan Today! https://calendly.com/abridgewaywm/consultation 📖Free E-Book- 4 Pillars to Christian Investing: https://mailchi.mp/abrwealthmanagement/christianinvesting 🏠 Visit our Website: https://www.abrwealthmanagement.com *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. Video/Audio Credit: Ramsey Solutions Join our Newsletter and receive our free 19-page e-book "4 Financial Principles Every Christian Should Know" http://eepurl.com/hXdQjf Click below to subscribe on your favorite podcast platform: https://pod.link/fastdt Need Help With Your Finances? Schedule A Consultation https://www.abrwealthmanagement.com/consultation Leave a Comment If You Like This Video Meet the Host: A.B. Ridgeway, MBA (info@abrwealthmanagement.com) is the owner and Christian Financial Advisor with A.B. Ridgeway Wealth Management. With a decade in the finance industry, his goal is to give believers clarity around the most confusing topic in the Bible, money, and retirement. A.B. Ridgeway helps Christians become cheerful givers by unlocking their money-making potential, so they can prosper and be great stewards of the wealth God has entrusted them with. *Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor. "Scammer" Warning ➡ PLEASE READ! ⚠️ Be careful of scammers. In the comments section, I will NEVER ask you to contact me, offer any investment products, recommend a stock broker, or anything similar. Some scam bot commenters 'ask' for investment help, and later, other comment bots reply with "how great X idea/investment/person is" in the replies. These are scam threads. Do not fall for them. This information is being presented without consideration of the investment objectives, risk tolerance, or financial circumstances of any specific investor and may NOT be suitable for all investors. #money #financialadvisor #retirement #christian #financialplanning