Generous Business Owner

Russ Crosson: Leveraging Your Wealth with Biblical Wisdom

Listen Later

What if the real measure of your success isn’t the size of your business, but how intentionally you leverage your wealth for generosity, family harmony, and impact that outlasts your lifetime?

In this episode, Jeff and Russ discuss: 

  • Separating the business finances from the personal.
  • Intentional communication around wealth.
  • Teaching and learning biblical financial principles for decades.
  • Integrating family communication in wealth conversations.
  • Leveraging business wealth for generosity, donor-advised funds, and eternal impact.

    •   

    Key Takeaways: 

    • Growing wealth increases complexity, not simplicity. Intentional planning and communication must increase as net worth grows.
    • Separating business and personal finances is foundational; confusion between the two creates stress, conflict, and poor decisions.
    • Assets should match the skills and calling of the recipient. Misaligned inheritances often create frustration instead of freedom. Joint ownership among heirs also commonly creates frustration and conflict and should be approached with caution.
    • Don’t tie your ego to your assets so much that you don’t have the courage to begin to convert the form to help your kids.

      •   

      "Take your specific assets, run them through, and see where the unintended consequences are, and come back to not a lot of joint ownership. You want your kids to do what God's called them to do, not what God called you to do." —  Russ Crosson

       

      About Russ Crosson: Russ Crosson is a senior partner of Blue Trust and was hired in 1980 as the second employee of Blue Trust. From 1999 to 2002, Russ served as Executive Director of the National Christian Foundation (NCF) and president and CEO of Blue Trust from 2002 to 2017. He currently serves as Chief Mission Officer for BlueTrust, working to ensure the mission never changes and is inculcated into future generations.

      Russ is the author of several books, including Your Life… Well Spent, The Truth About Money Lies, What Makes a Leader Great, Your Money Made Simple, and Leverage. He has also been a featured speaker in many venues. Russ graduated from Kansas State University with a BS in mathematics and a master’s degree in education.

      Russ and his wife Julie live in Roswell, Georgia, and have been married for 46 years. They have three sons, three daughters-in-law, and ten grandchildren. In his spare time, Russ enjoys playing pickleball and spending time with his grandchildren.

       

      Connect with Russ Crosson:

      LinkedIn: https://www.linkedin.com/company/blue-trust-wealth  

      Facebook: https://www.facebook.com/bluetrustfinancial

      Instagram: https://www.instagram.com/_bluetrust/

      Books: 

      • Your Life… Well Spent: The Eternal Rewards of Investing Yourself and Your Money in Your Family
      • The Truth About Money Lies: Help for Making Wise Financial Decisions
      • What Makes a Leader Great: Discover the One Key That Makes the Difference
      • Your Money Made Simple: The Key to Financial Freedom
      • Leverage: Using Temporal Wealth for Eternal Gain

        •   

        Connect with Jeff Thomas: 

        Website: https://www.arkosglobal.com/

        Podcast: https://www.generousbusinessowner.com/

        Book: https://www.arkosglobal.com/trading-up

        Email: [email protected]

        Twitter: https://twitter.com/ArkosGlobalAdv

        Facebook: https://www.facebook.com/arkosglobal/

        LinkedIn: https://www.linkedin.com/company/arkosglobaladvisors

        Instagram: https://www.instagram.com/arkosglobaladvisors/

        YouTube: https://www.youtube.com/channel/UCLUYpPwkHH7JrP6PrbHeBxw

        ...more
        View all episodesView all episodes
        Download on the App Store
        Generous Business OwnerBy Jeff Thomas, Alan Barnhart, Jeff Rutt
        • 5
        • 5
        • 5
        • 5
        • 5

        5

        33 ratings

        More shows like Generous Business Owner

        View all
        Timothy Keller Sermons Podcast by Gospel in Life by Tim Keller

        Timothy Keller Sermons Podcast by Gospel in Life

        16,027 Listeners

        The Briefing with Albert Mohler by R. Albert Mohler, Jr.

        The Briefing with Albert Mohler

        8,641 Listeners

        BibleProject by BibleProject Podcast

        BibleProject

        19,481 Listeners

        Faith & Finance by FaithFi

        Faith & Finance

        120 Listeners

        The World and Everything In It by WORLD Radio

        The World and Everything In It

        7,118 Listeners

        Faith Driven Investor by John Coleman, Luke Roush

        Faith Driven Investor

        83 Listeners

        The Finish Line Podcast by The Finish Line Team

        The Finish Line Podcast

        54 Listeners

        Practicing the Way by Practicing the Way

        Practicing the Way

        433 Listeners