Treavor Dodsworth CFP®, CPA, CKA®
#104 - Receiving Wisdom
On Thursday, I watched a video of Ron Blue, one of the more well-known and respected financial advisors. When he was faced with a client’s question or situation that he didn’t know how to answer, he would put into practice James 1:5.
James 1:5 ESV - “If any of you lacks wisdom, let him ask God, who gives generously to all without reproach, and it will be given him.”
It seems obvious. When you are unsure of the way forward, why wouldn’t you reach out to the all-knowing Creator? Occasionally, I forget to just stop and pray.
I do need to mention verses 6 and 7 though. James 1:6-7 talks about believing and not doubting as then you should not expect to receive anything from the Lord.
The video was a reminder to me to stop and pray- to seek the wisdom of God. Wisdom is something you can never have enough of and God gives it generously.
Interesting Article(s) or Video(s)
Learn More Indiana - 21st Century Scholar FAQ
One of the benefits of working as a financial advisor is I get to learn about many different personal financial strategies and opportunities. This is honestly one I was not aware of until a client brought it up. The 21st Century Scholar program is something that Indiana students can enroll in during 7th or 8th grade. If they maintain certain qualifications (GPA, not doing drugs, etc.) they can receive a scholarship for up to four years of up to 100% tuition at many different Indiana universities. There is a maximum income requirement to enroll and then a separate income requirement when the student gets to college and is actually using the scholarship.
IRA Help - Making Sense of the 401(k) Multiple Plan Limits
Most people are aware of the deferral limit but are unaware that there is actually a much higher overall limit if you are factoring in some other types of contributions. Interestingly, it is possible to have separate overall limits (not deferral limits) at plans sponsored by two unrelated companies.
Thank you for reading!