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Scripture: Joshua 1:8 “This book of the law shall not depart out of thy mouth; but thou shalt meditate therein day and night, that thou mayest observe to do according to all that is written therein: for then thou shalt make thy way prosperous, and then thou shalt have good success.”
Reflection: As you embark on the journey of estate planning and consider the legacy you'll leave behind, it's essential to ponder beyond material wealth. While financial assets are undoubtedly valuable, they are but one aspect of inheritance. In the scripture, we witness Joshua stepping into leadership following the passing of Moses. Despite Moses' physical absence, his teachings and laws continue to guide the Israelites. Similarly, in our financial planning endeavors, we must contemplate what we're passing on beyond mere money.
Consideration: While financial wealth can set up future generations for success, it's equally crucial to equip them with the intangible riches of wisdom and knowledge. What laws, principles, and values will they inherit from you? Just as Joshua was instructed to internalize the laws of Moses, we must ensure our heirs understand the principles of responsible stewardship. Our financial legacy should not only be measured by the size of our bank accounts but by the depth of our imparted wisdom.
Consider incorporating regular discussions about financial responsibility and biblical principles into family gatherings. Share personal anecdotes and lessons learned from your own experiences. Encourage questions and curiosity, fostering a culture of open dialogue surrounding finances.
Furthermore, consider creating a legacy document outlining your financial values, principles, and goals. This document can serve as a guiding light for future generations, ensuring continuity in financial decision-making aligned with your beliefs and priorities.
Prayer: Gracious Lord, thank you for the abundant blessings you have bestowed upon us. As we navigate the complexities of estate planning and financial stewardship, grant us wisdom and discernment. Help us to recognize the importance of passing on not only financial wealth but also the invaluable treasure of knowledge and guidance rooted in your teachings. May our legacy be one of faith, integrity, and responsible stewardship, bringing glory to your name for generations to come. Amen.
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About Financial Advisors Say The Darndest Things Podcast:
As Christians, we were taught to be good stewards over our tithing and giving to the less fortunate. But when it came to our personal finances and investing we were left clueless on what the Bible says. What does the Bible say about managing debt, leaving a legacy, investing, and planning for your retirement? Mr. Christian Finance answers these and many other questions because we want to teach you how to become rich and righteous!
Meet A.B. Ridgeway:
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 tithing. A.B. Ridgeway helps tithing Christians become cheerful givers but unlocking their money-making potential, so they can prosper and be the 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.