The Biblical Wealth Podcast Jared Williams

Today's Questions:

1) We have a family run business and my teenage daughters are earning paychecks from the business. Right now they are contributing to a simpleIRA plan set up through Northwest Mutual with a 3% match from the business. My question is, is there a better place for 15 and 17 year olds to save their money. These contributions are made pre-tax so I'm a little worried about their tax liability down the road. Any help would be appreciated! 

2) I have a question about Term Life Insurance. I am getting ready to retire (I’m 55), but my husband will continue to work for at least 10 years (he is 42). We will be living off his salary until he retires.  
We have around $500k invested in 401ks, Roth IRAs and brokerage accounts. Good emergency fund. No debt. Paid off house. He will continue to put at least $3000 a month into investments until he retires. We live very frugally, but do take one nice vacation every year. 
I am concerned that something could happen to him while we are still living on his salary. My grandfather and father died very young, and their wives were left with almost nothing, so I feel like it’s a valid concern for me.  
Do you think Term Life insurance is something we should look at, for maybe a 10 year policy? 

3) What are your thoughts on living off dividends with about $1.5M at age 56? 


Access all the links and resources from the Biblical Wealth Podcast.Schedule a 15-minute Q&A CallSign up for a free Biblical Wealth Coaching call.
Get my free video course, First Step to Financial Freedom.  In it I'm going to show you a simple, profound strategy that can make a massive difference in your financial future.Submit your questions to www.biblicalwealthsolutions.com/askjared 

Today I interview Danny Cole of Spartan Invest to ask how appreciation and rising interest rates are affecting turnkey residential real estate investors. 

We discuss how certain markets will likely fare better long-term than others, how mortgage rates - while higher - are still cheap, efficient money especially for long term investors, and how residential real estate is still a great hedge against protection. 

I even drop in a few nuggets to help investors find higher CoC properties when comparing. 

To contact Spartan Invest and learn more about investing with them visit biblicalwealthsolutions.com/spartan-invest



Access all the links and resources from the Biblical Wealth Podcast.Schedule a 15-minute Q&A CallSign up for a free Biblical Wealth Coaching call.
Get my free video course, First Step to Financial Freedom.  In it I'm going to show you a simple, profound strategy that can make a massive difference in your financial future.Submit your questions to www.biblicalwealthsolutions.com/askjared 

Today's Questions

1) For young people that don’t have a large portfolio, how do they find multifamily or other syndications that they would be allowed to invest in? The ones I keep finding, require that the investor be accredited.

2) Am I missing something? Where I live a nice 2 bed, 1 bath house rents for 850 to 950. OK so 20% down on a 85,000 house with 2b,1b would be 17,000. After buying 8 of these houses or 135,000 worth of 20% down payments , I'd receive 3,600 per year, per house or 28,800 per year in profit. This goal seems highly attainable to me, am I missing something.  I could live very comfortably off 22k to 28k. 

3) I’m 58 years old, no debt, SS and pension in four years. I want to quit my job this year and I need a bridge to 62. 
Don’t want to touch investments until 62. That’s why I have now 160k totally (budget of 40k each year for four years) in savings accounts. Losing value due to inflation, but no risk of a stock market crash.  
Is there something better that I can do with 160k, when I can’t take a risk during the four years when I use this money, between 2022-2026?







Access all the links and resources from the Biblical Wealth Podcast.Schedule a 15-minute Q&A CallSign up for a free Biblical Wealth Coaching call.
Get my free video course, First Step to Financial Freedom.  In it I'm going to show you a simple, profound strategy that can make a massive difference in your financial future.Submit your questions to www.biblicalwealthsolutions.com/askjared 

Jared talks with Lisa Isbell, owner of Senior Care Authority of Central Virginia, about how adult children can best help their aging parents find care. 

Lisa gives great about what really matters most when it comes to finding living and care options for seniors and cautions adult children to not be drawn in by certain bells and whistles.

Lisa explains how her company is able to help families nationwide find the best care facilities without a cost to families. 

To connect with Lisa go to www.seniorcare-richmond.com



Access all the links and resources from the Biblical Wealth Podcast.Schedule a 15-minute Q&A CallSign up for a free Biblical Wealth Coaching call.
Get my free video course, First Step to Financial Freedom.  In it I'm going to show you a simple, profound strategy that can make a massive difference in your financial future.Submit your questions to www.biblicalwealthsolutions.com/askjared 

Today's Questions

1) What should I do with my money in my employer’s 401k now that I’m retired?

2) Should I pull out home equity to invest or invest the monthly mortgage payments?

3) When is 8% CoC way better than 12% CoC?



Access all the links and resources from the Biblical Wealth Podcast.Schedule a 15-minute Q&A CallSign up for a free Biblical Wealth Coaching call.
Get my free video course, First Step to Financial Freedom.  In it I'm going to show you a simple, profound strategy that can make a massive difference in your financial future.Submit your questions to www.biblicalwealthsolutions.com/askjared 

Today I'm talking with Jean Burk about how her program helps student significantly increase their SAT, ACT, and other exam scores and how this can help them get full ride scholarships to not only undergraduate, but graduate, law, medical and other post graduate schools. 

Author Jean Burk is a homeschooling mother and creator of the revolutionary and award-winning College Prep Genius curriculum which has helped thousands of high school students prepare for the SAT, ACT, and other exams.   Jean currently travels across the US speaking about how to go to college for FREE!

Learn more and get College Prep Genius program here. 

Finally Jean is hosting a free virtual conference - Parent Prep University - May 2-6 2022.  You can register for that event here.


Access all the links and resources from the Biblical Wealth Podcast.Schedule a 15-minute Q&A CallSign up for a free Biblical Wealth Coaching call.
Get my free video course, First Step to Financial Freedom.  In it I'm going to show you a simple, profound strategy that can make a massive difference in your financial future.Submit your questions to www.biblicalwealthsolutions.com/askjared