Financial Advisors Say The Darndest Things A.B. Ridgeway

AB Ridgeway delves into California's budget deficit crisis, sparked by Governor Gavin Newsom's proposal for spending cuts. Ridgeway discusses the implications of these cuts, their impact on various programs, and the broader significance for Newsom's political career.
Key Takeaways:
Leadership by Example: Ridgeway underscores the importance of leadership by example, drawing parallels between individual responsibility and governmental accountability. By highlighting California's budget deficit and Newsom's proposed spending cuts, Ridgeway prompts listeners to reflect on their own financial management practices.Political Accountability: The episode emphasizes the accountability of political leaders amidst fiscal challenges. Ridgeway acknowledges Newsom's efforts to address California's deficit but also scrutinizes the potential consequences of his decisions, particularly in the context of his political ambitions.Personal Financial Planning: Through Newsom's budget proposal, Ridgeway advocates for personal financial planning and self-reliance. He urges listeners to prioritize saving, investment, and debt management, emphasizing the limitations of governmental support in achieving long-term financial stability.Critical Analysis of Promises: Ridgeway encourages critical analysis of political promises and the underlying motivations behind policy decisions. By dissecting Newsom's proposed cuts and their impact on various social programs, Ridgeway prompts listeners to question the sustainability of government-funded initiatives.Importance of Engagement: The episode concludes with a call to action for audience engagement, urging listeners to subscribe, rate, comment, and share the podcast. Ridgeway emphasizes the role of audience support in amplifying the podcast's reach and facilitating ongoing financial discussions.Quotes:
"Leadership by example is crucial, whether in personal finances or governance. California's budget deficit serves as a stark reminder of the importance of fiscal responsibility." - AB Ridgeway"Personal financial planning is paramount. Relying solely on governmental support is precarious, especially in times of economic uncertainty." - AB Ridgeway"Analyzing political promises with a critical lens is essential. Understanding the implications of budget cuts fosters informed decision-making and financial preparedness." - AB Ridgeway💵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.

A.B. Ridgway discusses the recent decision by a federal judge to temporarily halt the Biden administration's plan to lower credit card late fees. Ridgway reflects on his earlier predictions about potential resistance from credit card companies and emphasizes personal financial responsibility in light of regulatory interventions.
Key Takeaways:
Personal Financial Responsibility: Ridgway underscores the importance of personal accountability in managing finances. Quoting Proverbs 22:7, he highlights the biblical principle that borrowers become slaves to lenders, emphasizing the need to prioritize savings and avoid excessive borrowing.Understanding Credit Card Usage: The episode delves into the pitfalls of credit card usage, echoing sentiments expressed by financial guru Dave Ramsey. Ridgway emphasizes that being in debt creates a cycle that can be challenging to break, suggesting that reliance on credit cards often leads to financial instability.Potential Consequences of Regulatory Intervention: Ridgway expresses skepticism about the effectiveness of regulatory measures in addressing financial issues. He warns listeners that while policies like lowering late fees may seem beneficial, credit card companies might respond by raising interest rates, ultimately leading to higher costs for consumers.Learning from Past Mistakes: Using the analogy of the grasshopper and the ant, Ridgway urges listeners to learn from past financial mistakes and prioritize saving for future needs. He suggests that Americans often fail to heed financial lessons, leading to persistent debt despite experiencing financial hardships.Advocating for Financial Education: The episode concludes with Ridgway encouraging listeners to prioritize financial education and prudent money management. By subscribing to the podcast and sharing it with others, he aims to empower Christian investors to achieve spiritual richness and righteousness through sound financial practices.Quotes:
"The rich rule over the poor, and the borrower is slave of the lender." - Proverbs 22:7"Don't reach over dollars trying to grab pennies." - A.B. Ridgway"As long as you buy something from someone else, you're going to have to do what they say." - A.B. Ridgway💵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.

AB Ridgway explores the intersection of money, intellect, and faith by delving into the insights of two influential figures, Dave Ramsey and Jordan Peterson. He discusses the importance of intellectual engagement and articulation, especially in defending traditional Christian values and beliefs amidst societal challenges.
Key Takeaways:
Speaking Up for Traditional Values: Jordan Peterson emphasizes the necessity for intellectuals to speak up against radical ideas and defend traditional values without succumbing to societal pressures. This requires articulation and engagement, especially in the face of opposition.Defending Conservative Virtues: AB Ridgway highlights the challenge conservatives face in articulating their ethos and defending their beliefs against ideological attacks. Despite this, he reassures listeners that being unable to articulate does not equate to being wrong or guilty.Articulating Traditional Ethos: Both Ramsey and Peterson stress the importance of articulating traditional ethos, particularly in defending conservative virtues like marriage and voluntary exchange. This involves active engagement and understanding of societal and political landscapes.Standing Firm in Faith: Ridgway encourages listeners not to be ashamed of their faith or wealth but to learn to articulate themselves confidently. He underscores the importance of making ethical choices in managing finances and advocating for traditional values.Engagement in Political Discourse: Understanding the significance of engaging in political discourse, especially at the local level, is crucial in defending traditional values. Ridgway urges listeners to actively participate in shaping societal narratives and values.Quotes:
"Just because you don't know how to articulate yourself doesn't mean you are wrong.""You don't have to be ashamed of your wealth. You don't have to be ashamed to be a Christian. You can be both.""We need you to understand that God is going to judge us on our intent... I hope that you choose the former."💵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.
Video Credit: https://www.youtube.com/watch?v=SbJe868Kw-c
I do not own the rights to this video

Episode Summary:
The recent layoffs in Tesla's electric vehicle charging team have raised concerns about the future of charging infrastructure, potentially affecting President Biden's initiative to electrify U.S. highways. This episode explores the implications of these layoffs and their impact on the expansion of charging stations across the country.
Key Takeaways:
Uncertainty in Electric Vehicle Expansion: The layoffs at Tesla's charging team signal potential delays in the rollout of new charging stations, raising questions about the future of electric vehicle adoption. This uncertainty underscores the challenges of transitioning to electric vehicles on a large scale.Impact on Biden's Infrastructure Plan: Tesla's decision to scale back its charging network could hamper President Biden's ambitious plan to expand the country's charging infrastructure. The $5 billion allocated for building 500,000 electrical vehicle chargers over five years may face setbacks due to Tesla's reevaluation of its expansion strategy.Elon Musk's Strategy: Elon Musk's emphasis on focusing on 100% uptime and expanding existing locations suggests a cautious approach to scaling Tesla's charging network. This strategic shift reflects Musk's commitment to sustainable growth and maintaining the reliability of Tesla's infrastructure.Opportunities for Competitors: Rivals like EVGO are poised to capitalize on Tesla's restructuring by hiring laid-off employees and potentially expanding their own charging networks. This competition highlights the dynamic nature of the electric vehicle market and the opportunities it presents for other players in the industry.Navigating Financial Markets: The episode concludes with a reminder of the unpredictability of financial markets and the importance of diversification in investment portfolios. As developments in the electric vehicle sector impact market dynamics, investors are urged to maintain a balanced approach to investment.Quotes:
"This doesn't tell you that no matter what you do, someone is always trying to take your spot. Let this be an eye opener for you." - AB Ridgeway"Once again, we cannot control the stock market. We can only control our participation in it." - AB Ridgeway"Well, that is it for me. My name is AB Ridgeway and I'll see you on the other side of your blessing." - AB Ridgeway💵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:
Former NBA champion Glenn "Big Baby" Davis has been sentenced to 40 months in prison for his involvement in defrauding the league's healthcare plan of millions of dollars. This episode delves into the consequences of greed, the love of money, and how Davis went from being a sports star to a convict.
Key Takeaways:
The Temptation of Fast Money: Glenn Davis's story illustrates the allure of quick wealth and the dangers it presents. Despite his successful NBA career, Davis fell into the trap of seeking even more money through fraudulent means, leading to legal repercussions.Consequences of Financial Mismanagement: Davis's case highlights the importance of prudent financial management. His inability to adjust his lifestyle after leaving the NBA drove him to participate in fraudulent schemes, ultimately resulting in legal and financial ruin.Ethical Considerations in Pursuit of Wealth: The episode emphasizes the biblical admonition that the love of money is the root of all kinds of evil. Davis's actions demonstrate how prioritizing wealth above ethical principles can lead to personal and societal harm.Lessons from Athletes' Financial Mistakes: Davis's downfall mirrors a broader pattern of financial mismanagement among professional athletes. Listeners are urged to learn from such examples and prioritize responsible money management to avoid similar pitfalls.Quotes:
"For the love of money is the root of all kinds of evil. And for some people, craving money have wandered from the true faith and pierced themselves with many sorrows." - (1 Timothy 6:10, New Living Translation)"Fast money doesn't last." - Proverbs 13:11"He's 38 years old and now he has a criminal record, and this is going to slow up his ability to make money in the future."💵Sign up for a Christian Finance Consultation and create your Financial Plan Today!
https://calendly.com/abridgewaywm/consultation
Episodes Mentioned:
Charles Barkley SHARES the SECRET to Staying Rich During and after NBA Career with Shannon Sharpe (#248)
Burger King Is Giving Away Free Whoppers: The Psychology of Coupons in Finance (#257)
What Does Morgan Stanley's Money Laundering Investigation Mean To You? (#232)
*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 current economy can you afford to leave your job if it is too toxic? It looks like miss USA's resignation letter accuses the organization of toxic work culture so this raises the question are you who you want to be or are you only what you have to be?
Episode Summary:
In this episode of "Financial Advisors Say the Darndest Things," host AB Ridgeway explores the theme of toxic work environments, inspired by recent events in the Miss USA organization. Ridgeway delves into the importance of aligning personal values with work environments and the necessity of faith when facing challenging situations.
Key Takeaways:
Aligning Values with Work: Ridgeway emphasizes the importance of ensuring that personal values align with the values of the workplace. He applauds the decision of Miss USA and Miss Teen USA to step down from their roles when their values no longer aligned with those of the organization, highlighting the maturity and integrity of their decisions.Trusting in God's Provision: Ridgeway encourages listeners to trust in God's provision, particularly when faced with toxic work environments. He suggests that fear of the unknown may prevent individuals from leaving toxic situations, but faith in God's plan can provide the strength and guidance needed to navigate challenging circumstances.Maintaining Integrity and Identity: Ridgeway urges listeners to prioritize integrity and identity over financial gain or professional status. He emphasizes that one's job does not define their worth and encourages individuals to remain true to their values, even in difficult work environments.Preparing for Change: Ridgeway advises listeners who are considering leaving toxic work environments to prepare a thorough plan for their transition. This includes evaluating financial stability, exploring job opportunities, and ensuring a smooth transition that minimizes disruption to family life.Seeking Support and Balance: Ridgeway underscores the importance of seeking support and maintaining a healthy work-life balance. He acknowledges the tragic consequences of overwork and encourages listeners to prioritize their well-being over career ambitions.Quotes:
"You are not bound by the rules of this world. Don't allow these toxic people to influence you to change who you are and what you are all about. I want you to have faith in God." - AB Ridgeway"Remember, you're not your job. You are you and you are a child of God. Whatever title, respect or money that you're going to get is not worth your integrity. It is not worth your identity." - AB Ridgeway"If you're stuck in a toxic work environment, please prepare your plan to leave. Just don't leave on a whim and leave your family in turmoil." - AB Ridgeway💵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.