The Stewardship Podcast

A retired police officer and a professional photographer, Scott and Shawna Yarbrough decided to venture into operating a Chick-fil-A about 2 years ago. With no experience making chicken sandwiches or running a bustling restaurant, they navigated the uncertain waters of a wild new adventure. This journey has given them unexpected opportunities to invest in the lives of their employees. They have had to learn how to negotiate a marriage, kids, and a business partnership. Today, they share that voyage with Grant and offer some timeless wisdom about taking risks, adjusting expectations, and helping people in need.

HOPE Ministries: http://helpovercomingpainfulexperiences.org/

All Things Possible Ministries: https://victormarx.com/

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Two finance experts answer Google's most-searched money questions. How can you protect against inflation? How can you create passive income? Should you invest in gold? They tackle these questions with tons of information and some stories on this week's podcast!

You can listen to the Podcasts featuring Jean about Real estate here:  https://stewardship.libsyn.com/how-to-be-successful-with-short-term-rentals

 https://stewardship.libsyn.com/how-to-successfully-own-rental-property

Here you can find the podcast about investing or paying off your mortgage:  https://stewardship.libsyn.com/invest-your-cash-or-pay-off-your-mortgage

We all want to take good care of our kids and set them up for a great future, but is saving for college really what's best? A traditional 529 plan, or college savings plan, has been the norm for a very long time, and but for many, it's not the best option. In addition, many people mix up their priorities when planning for the future and save for their kids' college while paying no attention to retirement savings. In today's podcast, Grant and Jeremy discuss how you may want to set your priorities, and what things you need to consider to help your kids in the best way possible. In last week's podcast, Grant and Jeremy talked about important financial milestones we all need to reach if we plan to retire, but the reality is, you might not be set up in those ideal situations. With that in mind, it is unwise to save for college when retiring will end up requiring much more financially and you really need the time-value of money on your side. There are ways you can plan your finances that will allow you to save what you need for retirement while also preparing to help your kids at the start of their adult lives too. This podcast presents real, practical wisdom to do just that.

We wrote a blog on the topic here.

and we made a video about it here.

It's midnight, you are lying on your pillow, eyes wide. You're in your 30's, growing in your career, you have started your family, things seem pretty good. Yet, here you are, lying awake. Do you know where your money is? Are you saving enough? Will you reach your goals? Are you setting your family up for future success? 

These questions can keep us up at night. There is nothing worse than not knowing if something is wrong. Today, Grant and Jeremy talk through what questions you should be asking about your finances in your thirties, and they outline some ideal situations to ensure you are on the right trajectory. They help us understand if we are doing this right. If you are not in the position that they outline, don't despair! You're in the right place. Make the small changes now in order to have BIG impacts later on.

“You should be far more concerned with your current trajectory than with your current results.”
 ― James Clear

Here is the article about Betterment:

Betterment Article

If you would like a financial plan, get in touch with Jeremy:

https://stewardship.pro/jeremy/

A million dollars is a LOT of money. For many of us, becoming a millionaire may seem totally out of reach, but it's not!

In today's podcast, Jeremy and Grant discuss 6 simple and vital steps to becoming a millionaire. These steps are simple, but they are not easy. They will require discipline, but if executed well, you can set yourself up to build wealth and have the freedom to make a huge impact on the world. These steps aren't flashy, they aren't exciting, they could even be considered boring. At the same time, they are tried and true and they simply work. This is not a way to get rich quick, it takes time and dedication.

Here is the link to Jake's blog on the topic:  https://stewardship.pro/2020/02/11/6-steps-to-become-a-millionaire/

Here is the link to the Research Paper that Jeremy and Grant reference in the podcast.

 https://stewardship.pro/wp-content/uploads/2020/07/2020-03-NY-Life-Center-Research-Project-Life-Insurance.pdf

We all work so hard for what we have, but are you truly protected from losing those things? When it comes to insurance, we have auto coverage, home insurance, and health policies in place. For life insurance, most of us have heard to put a term policy in place and set it and forget it. This plan leaves your most valuable asset completely exposed - your income. In today's podcast, Grant and Jeremy explain the different kinds of safeguards you need to put into place to protect your income and your growing wealth. They outline how to make a wise approach to disability insurance, life insurance, and other ways to protect your assets with things most people don't think about.

Be sure to contact your fiduciary advisor to find out what policies you need in place.

In 2008, the US economy crashed because banks were lending money to people without concern for the financial wellbeing of those people. There were lots of less than moral practices happening at this time. Grant Botma saw all of this happening and decided it was not okay, so he decided to do something about it. He started Stewardship Mortgage in the midst of a mortgage industry collapse. SPOILER ALERT: Stewardship didn't just survive, but thrived throughout the crisis and beyond. That isn't even the end of the story. In today's podcast, Jeremy and Grant discuss the history of Stewardship Mortgage and then onto Stewardship Insurance and Stewardship Financial. They talk about what Stewardship is doing to change the landscape of the financial industry. The secret to success - be a financial expert and always do what is right for the customer.

Check Stewardship out at stewardship.pro

Everybody makes mistakes. If you're smart, you learn from those mistakes and make changes in your life. If you're really smart, you can learn from other people's mistakes without having to make them yourself. Today, Grant and Jeremy talk about 5 common financial mistakes that they have seen over their years in the financial industry. These mistakes aren't the obvious mistakes you will hear on all of the other podcasts. These mistakes are more subtle but can really destroy a financial plan and really inhibit any goals you have set. Better than that - our expert hosts give actionable steps to take in order to correct or avoid these mistakes in your own life. 

Our podcast about Goals:  https://podcasts.apple.com/us/podcast/052-setting-goals-that-actually-work/id1445962184?i=1000461895069

Inheriting money can be a very impactful event in your life. The feelings surrounding it can be confusing. In most cases, it means the loss of someone very close to you. But it also could mean a complete change to your financial picture. 

So how should you handle this transitional phase of life? It can be very risky to make big financial decisions based on emotions. So in today's podcast, Grant interviews Jeremy about what to do when you receive an inheritance. together they outline 7 steps you can follow to ensure you can meet your financial goals and honor your loved one's legacy. 

Ultimately, the best thing to do is to work with a professional advisor who has your best interest at heart, so that you can focus on your family and getting through this difficult season.

We discussed a few blogs in this week's podcast:

 https://stewardship.pro/2020/06/23/you-received-an-inheritance-now-what/

 https://stewardship.pro/2020/02/11/6-steps-to-become-a-millionaire/

Investing in the year 2020 has been nuts! Bears and Bulls all over the place! If you need a refresher on what a bear market is and what a bull market is, check out our recent youtube video here.

Today, Jake and Jeremy give an update on the current state of the stock market and break down some of the reasons why the market can be so unpredictable, and they tell you what you can do about it. Here's a hint: get a plan, and stick to it.