Financial Advisors Say The Darndest Things A.B. Ridgeway

In this episode of Financial Advisors Say The Darndest Things, host AB Ridgeway guides listeners through the process of hiring a Christian financial advisor. The discussion emphasizes the accessibility of financial advisors to people of all income levels and delves into the specifics of different types of advisors, the importance of identifying personal financial needs, and how to choose the right advisor for those needs. Ridgeway also highlights the unique value of Christian financial advisors who align financial planning with biblical principles.
Key Takeaways
Financial Advisors for Everyone Financial advisors aren't just for the wealthy; people of all incomes can benefit from their services. They assist with a variety of financial planning needs such as debt management, savings, and investment strategies. Understanding that these services are accessible can empower more individuals to seek professional advice to reach their financial goals.Identifying Your Financial Needs Before hiring a financial advisor, it's crucial to identify your top financial issues. Whether you're worried about retirement, managing investments, or charitable giving, knowing what you need help with will guide you to the right type of advisor. Writing down your primary concerns can clarify whether you need a simple financial coach or a more complex advisor.Types of Financial Advisors There are various types of financial advisors, including fee-only advisors, investment advisors, and Christian financial advisors. Fee-only advisors are paid directly by clients and have a fiduciary responsibility to act in their best interest. Christian financial advisors integrate faith-based principles into their advice, avoiding investments that conflict with Christian values.Understanding Financial Advisor Costs The cost of working with a financial advisor varies based on your financial situation and the services you need. Those with less than $100,000 might benefit from a one-time financial plan, while those with more substantial assets might seek ongoing advisory services. It's also possible to find pro bono financial planning services through organizations like the Financial Planning Association.The Role of Technology in Financial Advising Online financial advisors offer the convenience of remote services, allowing clients to work with advisors across different states without the need for travel. This can be especially beneficial for families spread across various locations. While there is a learning curve with technology, modern tools like Zoom and DocuSign facilitate seamless interactions and document management.Quotes
"A financial advisor is not a luxury only reserved for the ultra-wealthy. Investors of all incomes can work with a financial advisor.""Writing down your top three issues you want to solve will help you decide which financial advisor you need or if you even need a financial advisor at all."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
*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.

Episode Summary:
In this episode AB Ridgeway reflects on the retirement of Pat Sajak after 41 years of hosting "Wheel of Fortune." Ridgeway discusses the implications of Sajak's departure and the broader themes of retirement, identity, and financial preparedness.
End of an Era in Television:Pat Sajak's retirement marks the end of an iconic era in television history. Hosting "Wheel of Fortune" since 1981, Sajak has been a fixture in American homes, making his departure a significant cultural moment.The transition to Ryan Seacrest is a reminder of the inevitability of change, even in long-standing traditions. This shift reflects broader trends in the entertainment industry where legends are succeeded by new faces.The Complexity of Retirement Decisions:Retirement is not just about financial readiness but also emotional and identity considerations. Sajak's decision to retire at 77 underscores the complexity of such a life transition.Many individuals, including celebrities like Sajak, find it challenging to step away from a career that has defined them for decades. This episode highlights the importance of preparing mentally and emotionally for retirement, not just financially.Financial Preparedness and Planning:AB Ridgeway emphasizes the critical need for comprehensive financial planning to ensure a comfortable retirement. This includes updating beneficiaries, managing assets, and understanding tax implications.The episode advises listeners to prepare for retirement early, highlighting the risks of inadequate savings and the potential financial struggles that can arise without proper planning.Navigating Post-Retirement Life:Adjusting to life after retirement involves several stages, including the honeymoon period, potential regret, and eventually redefining one's identity. Sajak's journey serves as a case study for these phases.The episode suggests that retirees engage in meaningful activities and hobbies to fill the void left by their professional careers. This helps maintain mental and emotional well-being during retirement.Legacy and Ethical Will:Ridgeway discusses the importance of leaving an ethical will, which includes sharing stories, values, and experiences with loved ones. This ensures that the legacy goes beyond material wealth.For public figures like Sajak, documenting their journey through autobiographies or documentaries can preserve their legacy and inspire future generations.Quotes:
"How many times have we dedicated our lives and our ambitions to one organization only to be turned away by their own personal agendas?""Creating a life that you don't have to take a vacation from is a goal we should all strive for.""When will you stop working? Is your family prepared for when you stop? Do you have your finances in order?"💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
*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.

Summary: In this episode, host AB Ridgeway, a Christian Financial Advisor, delves into the importance of family unity in financial planning and the role of communication in preserving wealth across generations. AB shares personal anecdotes and real-life stories to illustrate the impact of collective family efforts and the dangers of communication breakdowns. Listeners will gain insights into how giving as a family can strengthen bonds and ensure a lasting legacy.
Key Takeaways:
The Power of Collective Responsibility: AB highlights how dividing household responsibilities among family members, like children doing chores, benefits everyone and teaches valuable life skills. When each family member contributes, it creates a sense of unity and shared purpose, making the family more cohesive and efficient.Communication is Key to Preserving Wealth: One of the biggest threats to wealth is not poor investment decisions but a lack of communication between generations. AB shares a cautionary tale of an elderly woman whose $4 million estate was squandered due to a lack of clear instructions and open dialogue with her heirs.Involving Children in Giving: Teaching children about the importance of giving and involving them in the decision-making process can instill lasting values. AB stresses that children should understand the family's philanthropic goals and the reasons behind them, which helps ensure they carry on the legacy responsibly.Establishing Values Over Organizations: Family values should guide philanthropic efforts rather than specific organizations, as organizations and their policies can change over time. By focusing on core values, families can adapt their giving strategies as needed while maintaining their foundational principles.The Impact of Personal Experiences on Giving: Personal experiences, such as AB's family's struggle with Alzheimer's, can significantly influence one's charitable priorities. AB encourages listeners to share their motivations for giving with their children to foster a deep, personal connection to the family's philanthropic mission.Quotes:
"The family that gives together, stays together." - AB Ridgeway"Communication breakdowns, not bad investments, are the biggest threat to preserving wealth across generations." - AB Ridgeway"Do not neglect to do good and to share what you have, for such sacrifices are pleasing to God." - Hebrews 13:16 If you found this episode helpful, please like, comment, and share. Don't forget to subscribe and hit the bell icon to stay notified of our latest content. Let's build a future where faith and finance walk hand in hand!
💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
*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.

Embrace the Beauty of Fleeting Moments | Financial Advisors Say the Darndest Things
Join AB Ridgeway, the host of "Financial Advisors Say the Darndest Things" and his mom's favorite Christian financial advisor, as he shares profound insights from a famous TV judge reflecting on life during his final hours. In this heartfelt episode, AB explores the concept of fleeting moments and the importance of living a life true to oneself.
💡 Key Takeaways:
Cherish the Small Moments: Life is a series of fleeting moments that we often overlook. By slowing down and being present, we can appreciate the small, beautiful gifts life offers every day.Mindfulness Matters: Embracing mindfulness allows us to find peace, joy, and fulfillment in the present moment. These moments of awareness help us connect more deeply with life.Life is a Self-Assignment: We are responsible for deciding what brings us fulfillment and happiness. Don’t let societal pressures dictate your path.Live Authentically: Avoid the burden of external pressures and lead a life that aligns with your true values and desires.The Journey of Becoming: It's not just about the destination or the journey, but about the person you become along the way.📖 Quotes to Reflect On:
"Life is simply a series of fleeting moments. If I'm too worried, hurried, obsessed, or depressed, I'm going to miss all of these small, beautiful, momentary gifts that life gives us every day.""Let's pause, observe, and immerse ourselves in the beauty of every fleeting moment. For I believe it is in these moments where we will find peace, and joy, and fulfillment.""Life is a self-assignment. The things that we want to accomplish in this life are up to us. We decide what brings us fulfillment, not necessarily society."Don't miss this thought-provoking episode with AB Ridgeway. Embrace the fleeting moments and discover the true joy and fulfillment life has to offer. 🌟
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*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.

Episode Summary: In this episode of "Financial Advisors Say the Darndest Things," host AB Ridgeway uncovers a deceptive practice by mortgage companies that prevents homeowners from saving on interest. As a Certified Private Wealth Advisor®️ professional, AB shares his insights and offers actionable advice to help you navigate these challenges and save money on your mortgage. Tune in to learn how to protect your financial future from these unscrupulous tactics.
Key Takeaways:
Mortgage Company Tactics: AB Ridgeway exposes how mortgage companies make it difficult to switch from monthly to bi-weekly payments. This strategy forces homeowners to pay more in interest over the life of the loan. He highlights the deliberate obstacles set by companies to keep you paying more.Understanding Unapplied Funds: AB explains the concept of unapplied funds, where mortgage payments are held in a separate account until the full amount is received. This tactic prevents partial payments from reducing the principal, causing homeowners to accrue more interest unnecessarily.The Importance of Principal Payments: Making principal-only payments is crucial. AB advises homeowners to take control by manually making extra payments toward the principal. This reduces the total interest paid over the loan’s term and accelerates mortgage payoff.Challenges with Bi-Weekly Payments: Switching to bi-weekly payments can be beneficial, but mortgage companies often create barriers. AB recounts a client's struggle with this process, including issues with account numbers and additional documentation, underscoring the need for persistence.Strategies to Save on Your Mortgage: AB shares practical steps to overcome these challenges, such as making one extra payment per year or dividing your monthly payment by 12 to add to each monthly payment. These methods can significantly reduce the interest paid and shorten the loan term.Quotes:
"Mortgage companies are lying about your mortgage payment and they're taking money right out of your pocket.""The reason we have bi-weekly payments is because every dollar that goes to principal doesn't accrue interest.""How greedy can you get that you limit how people pay you so you can make more money?"For more insights and to schedule a consultation with AB Ridgeway, visit our website. Let's take control of your financial future together!
💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
*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 of "Financial Advisors Say the Darnedest Things," host A.B. Ridgeway dives deep into the often unspoken challenges of retirement. While many dream of endless vacations and leisure, the reality can be starkly different. A.B. explores the stages of retirement, emphasizing the importance of planning and staying engaged to avoid the pitfalls of boredom, anxiety, and depression. Tune in to learn how to navigate retirement with purpose and fulfillment.
Key Takeaways:
The Illusion of Retirement Bliss: Retirement is often seen as a reward for decades of hard work, filled with relaxation and freedom. However, without a solid plan, this period can quickly become overwhelming and lead to unexpected emotional and mental health challenges. It's crucial to prepare not just financially, but also mentally and emotionally.The Honeymoon Phase: The initial stage of retirement, known as the honeymoon phase, is characterized by the excitement of newfound freedom and leisure activities. This period can be enjoyable but is often short-lived. Financial advisors need to help clients understand that this phase will transition and should plan accordingly to avoid financial pitfalls.Hitting the Wall: After the honeymoon phase, retirees may experience a sense of boredom and lack of purpose. This "hitting the wall" stage can lead to depression and unhealthy coping mechanisms like substance abuse. It's essential for retirees to find new hobbies, engage in social activities, and maintain a sense of purpose.Redefining Identity: Retirement requires a redefinition of one's identity, shifting from a career-focused life to finding new roles and passions. This can be a time of personal growth and fulfillment if approached with a proactive mindset. Activities, volunteering, and continuous learning can play significant roles in this redefinition.The Importance of Social Connections: Maintaining strong social connections is vital for a happy and healthy retirement. Engaging with family, friends, and community activities provides emotional support and helps combat feelings of isolation and loneliness. This social engagement can significantly impact overall well-being and longevity.Quotes:
"Retirement is often seen as the answer to all of your life's problems, but without a solid plan, it can lead to bouts of boredom, anxiety, and even depression.""The goal is to retire and to stay retired, not to rely on a company to support your lifestyle. Work if you choose to work, and fellowship when you choose to fellowship.""Your job is supposed to be a place where you use your skills to gain money to fund your personal life, not to give them the best years of your life while waiting to finally have some fun later."For more insights and personalized financial planning, don't hesitate to book a consultation. Let's ensure your retirement is not just financially secure but also fulfilling and joyous. Click the link in the description to get started!
💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
*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.