Wealth Well Done
You’ve heard the narrative that the super wealthy don’t pay taxes and the rich keep getting richer. Unless your net worth has reached family office status, you likely don’t have access to understand how they do it. In this weekly podcast designed for affluent stewards, we will go deep into the financial planning tactics of the high net worth community. You will learn how “the rich” pay so little in taxes, and how that can apply to you. You will learn how the wealthy invest differently than the standard investor. You will learn how the biggest philanthropists in the world maximize the assets they give. All of this will be shared through a lens of understanding the responsibility associated with wealth and its impact on you, your family, and the world around you. In one facet, Eric, in cooperation with his expert guests, will demystify the _complexities and share some of the best strategies in the categories below to help you make informed decisions and grow your wealth. Getting healthy with money Investment portfolio design Real estate investing Alternative assets Tax planning Stewardship Philanthropy Risk assessment Estate planning Insurance Marital finance Succession planning Training the next generation Cash flow To accompany these wealth-enhancing strategies, we will also expose the significant, yet often overlooked, burden that comes with wealth. The increase in depression, suicide, and addiction amongst trust fund beneficiaries has been well documented. The changes people often undergo and the reduction in peace they have as their net worth increases points us to the conclusion that more money is not the answer. If the effects of an increase in finances haven’t been properly planned for, it can be devastating to a family for generations. We aim to equip you with practical and tested tools to transform your increase into a life-giving asset for your consumption and for your impact in the great commission. Eric Scovill considers himself to be a businessman for the Kingdom of God. His Christian faith shapes everything that he does, from the way he leads his family to the way he runs His businesses. Once a contractor, he followed God’s call on his life to leave it all behind and step into the great unknown. Now, he has an exclusive financial planning practice for HNW clients that don’t fit into the mold of the standard financial advisor’s plan. He is a co-founder of a cryptocurrency hedge fund, Bedrock Digital Assets Management, and a venture capital business consulting and syndication company, YouAre Launched. Together, these companies serve his clients and investors to provide a suite of alternative assets that fit inside a highly valuable financial plan tailor-fitted to the individual’s aspirations for their own finances. Wealth, and its impact on humanity, are among the most intriguing concepts worth pondering. The endless pursuit and insatiable craving for more, the collection of knowledge and assets held amongst the elite few, its ability to positively and negatively impact lives, the many teachings devoted to it in the Bible, and yet the relative unimportance placed on it by God; there is much to be studied and understood about this concept called money. The love of it is the root of all evil, yet a proper heart toward it can lead someone into a deeper faith and relationship with Jesus. Eric and his guests are sure to provide the listeners a nearly unquantifiable amount of value, exposing you to solutions you probably didn’t know existed and teaching you how to implement them yourself or with your own financial team. After listening, not only will you know how to maximize your income and your investments like the wealthy, you’ll also know how God’s rules and teachings around money can guide you into exponentially more while also protecting you from the pitfalls of excess wealth. Target audience: A couple seeking the tactical strategies employed by the high net worth community to multiply their wealth through a reduction in what goes out and a multiplication of what has remained within. They are growing in the awareness of the responsibility that accompanies this blessing and desire to be intentional with how money impacts their own lives as well as the lives of others. They want to be effective and efficient in their technical strategies and thorough in the assessment of the intangible effects their wealth brings.
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Episodes
Monday May 08, 2023
Monday May 08, 2023
Is it God’s will for you to be rich? God wants you to have enough so that not only are all of your needs met all the time, but that you have plenty to distribute to others.
In today's episode, you will hear Cal Rychener join Eric Scovill as they dive deep into the topic of settling the issue of ownership. They discuss the importance of remembering that God is the owner of everything and how money is not everything, but just a tool for God's purpose. They touch upon the sufficiency gospel, which emphasizes being rich in every way - body, soul, and spirit. Listen in and learn why having money is a good thing – as long as it is used in accordance with God's will.
Here are some topics from today’s discussion:
Settling the issue of ownership
God’s will is God’s bill
Having money is a good thing
The sufficiency gospel
Your definition of rich vs. God’s definition of rich
How Christians should approach the tithe
Episode Highlights:
[03:35] Settling the Issue of Ownership: God’s Will is God’s Bill
God is the owner of everything and if He calls you to do something, it may not necessarily require finances. Money is important, but it is not everything. It is essential to trust God for provision. Since God is the owner, your job is just to put one foot in front of the other, follow him, and watch Him provide.
[14:05] Why Having Money is a Good Thing
Especially, when you come from a spiritual background where simpler is better, you could have this mindset that money is inherently worldly and not synonymous with being spiritual. But having wealth is not a bad thing, as long as ownership belongs to God and the resources are used for His purpose. Without resources, a church’s vision cannot thrive. And so, sometimes you have to be comfortable speaking to business people and asking them to use their gifts to contribute to the church's vision. This doesn’t constitute favoritism towards people with money, but rather a recognition of the value of resources in serving God's purpose. Therefore, if giving is a good thing, then having more is also a good thing, as long as it is used in accordance with God's will.
[19:37] The Sufficiency Gospel
It's God's will for you to be rich, but the way he defines rich is different than maybe the way we define rich. He wants us to be rich in every way – body, soul, and spirit. The Bible teaches what Cal calls the “sufficiency gospel” found in 2 Corinthians 9:8, which says, “And God is able to bless you abundantly, so that in all things at all times, having all that you need, you will abound in every good work.” Therefore, God wants you to have enough so that not only are all of your needs met all the time, but that you have plenty to distribute to others.
Resources Mentioned
Spirit of the Disciplines: Understanding How God Changes Lives
Monday Mar 13, 2023
Monday Mar 13, 2023
If you’re honest with yourself, money is likely one of the most important aspects of your life. It’s woven into nearly every relationship. Its pursuit consumes over half the waking hours of the average adult’s life, and its usage fills a good chunk of the other half. It is a key trigger behind most failed marriages. Safe to say, the stakes are high to get our relationship with money right. No wonder the Bible is bursting with guidance on how to steward it well. Yet, as is common with human nature, there are complexities and deceitfulness everywhere to make your money management that much more difficult.
Most of us have no problem putting in the effort to make it, but unless you’re amongst the ultra high net worth, you probably aren’t as successful in deploying the best strategies to maximize it
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