Kingdom Calling vs. Financial Advisors: Hoarding Hurts
Financial advisors encourage you to be miserly and have the smallest possible impact on the world. This is the same financial advice given in most churches, either because that advice is coming from lay people or from church members who are practicing “traditional financial planning.” And for a lot of folks it’s not horrible advice, because most Americans, and most Christians for that matter, have a terrible spending problem. So the advice is to scrimp and save.
Now, saving is important. And not wasting your money frivolously is important. But if that’s where most of your focus goes, you can’t focus on being more productive. If such frivolous spending is a problem, then it needs to be addressed (and sometimes we spend considerable time with clients on this), but once there’s a reasonable amount of discipline here, there is far more that can be accomplished by focusing on producing more with what we have.
So where financial advisors encourage hoarding, Kingdom Calling focuses on cash flow, so your assets can actually send you money instead of giving you only paper gains. Think about it: you can’t eat a paper gain, but you can definitely be hurt by a paper loss.
We at Kingdom Calling also focus on “Velocity.” Velocity is an economic principle dealing with how hard your money works for you. Does it earn multiple rates of return, instead of being stuck somewhere only earning one rate or return (or possibly losing value)?
So where is your money, and what is it doing for you?
More on the financial advisor vs. Kingdom Calling duel Monday – so share this post with someone so they can join the conversation.