CSoM 4: LEVERAGE
Abrahams Wallet3 Touko 2023

CSoM 4: LEVERAGE

Mark Parrett and Steven Manuel describe one of the most important skills anybody can master when it comes to financial acumen: the ability to deal with debt. First of all, what does the Bible say? Is it legal for Bible people to borrow (or lend) with interest? Then: is getting out of all debt ASAP always the best policy? Might there be GOOD debt as well as BAD debt? And what does LEVERAGE really mean? Also: what about that time the fellas went out to Las Vegas to watch some hoops?

Abraham's Wallet exists to inspire and equip Biblical family leaders. Please partner with us in inspiring and equipping multi-gen families at https://abrahamswallet.com/donate/

Resources mentioned in this episode:

About Abraham's Wallet:

AW website: https://abrahamswallet.com/2017/11/27/what-is-abrahams-wallet/

Apple Podcasts: https://podcasts.apple.com/us/podcast/abrahams-wallet/id1462593706

Spotify: https://open.spotify.com/show/6xbcf3IhayaoKB4sTegPRw?si=4M-m7mwUR0GigEkgrf3aJA

YouTube full episodes: https://www.youtube.com/@abrahamswallet

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This Week's Episode Rundown:

1:45 basketball in Vegas

9:15 Series summary

10:50 Leverage

12:30 What does the Bible say about debt?

27:15 How do you handle debt wisely?

31:45 How people think wrongly about mortgages

37:15 A simple leverage example (that produces 350K in profit!)

42:45 Thoughts on buying a car

50:15 Sam the Shopper: A Short Story (about bad debt)

52:45 Twitter account recommendations

59:48 Final thought from Steven- don’t give up!

Jaksot(343)

Talking Tech and Boredom

Talking Tech and Boredom

Steven and Mark sit down to chat through a couple of articles that we wrote on technology and the value of sometimes being bored. As we’re trying a new format here, we’d love your feedback. You’ll notice that we had a technical issue mid-pod that forced Steven to the phone lines, but we think you’ll get good stuff none the less. Please let us know what you think! Articles we discuss: Alright, let’s talk about smartphones And: Give Boredom a Chance

22 Tammi 202043min

Insurance Finale: Disability & Umbrellas

Insurance Finale: Disability & Umbrellas

We made boys! Kinda how you felt when you sat down for the 32nd session of Netflixing and finally finished The Irishman, we’re at the end of our insurance series. In this double whammy, we discuss disability insurance, umbrella policies and provide you with the cautionary tale of Arsenio the Alpaca. Don’t be like Arsenio – finish strong and tune in for our parting shot on insurance.

15 Tammi 202025min

Steven, Paul and Benedict

Steven, Paul and Benedict

Live from the Aronoff Theatre, and then Live from Steven’s treehouse! This week is a longer chat that Steven and his buddy Paul Nichols had about one of our favorite books around these parts – The Benedict Option.

8 Tammi 20201h 8min

The First Part of Your Money

The First Part of Your Money

Join Steven in the coffee shop this week as he lets you in on a little secret: God is preeminent over all things, at all times.  Even if you deny Him this and temporarily steal His glory, He will eventually be proven right and you will be disappointingly corrected. As first and preeminent, He demands the first part of ANY and EVERYTHING to either be sacrificed or redeemed.  The first part matters An Awful Lot To Him. Sponsor link: www.outpostadvisors.net

1 Tammi 202027min

Permanent Insurance: Hero or Villain?

Permanent Insurance: Hero or Villain?

Join us for an instructional Q&A with mild mannered reporter Jimmy Olsen. First off, permanent insurance – which includes products like whole life insurance and universal life insurance – combines savings and investment with insurance coverage. If you’re already unsure that you’re going to make it to the end of this article, then you can just jot down our thesis statement right here: We believe that investing and insurance are both important and good, but it rarely makes sense to combine the two objectives. Head over to www.outpostadvisors.net if you want to talk in depth about your own decision process as you navigate complex financial issues!

18 Joulu 201918min

Fear makes you stupid.

Fear makes you stupid.

Operating out of a position of fear will cause you to make stupid decisions when it comes to your money, your family or pretty much any other arena in your life. In this episode Steven and I discuss how we’ve seen fear stop guys (including ourselves) from making wise moves.

11 Joulu 201934min

How to Insure Your Life Without Breaking the Ponderosa

How to Insure Your Life Without Breaking the Ponderosa

When It comes to life insurance, you most likely fall into one of two camps.  Either you’re all jumbled up in your brain about coverage amount, policy types, term vs. whole life, where to title your policy, etc. OR you have no questions at all about insurance and are just now considering that you might need to purchase some. (“Didn’t my employer say I get free life insurance at work? I’m sure that’ll be enough…?”)  In this episode we’ll explore four key questions on life insurance and hopefully give you a starting point for how to think about your own needs in this area!

4 Joulu 201917min

Who needs insurance?

Who needs insurance?

Gents, it’s time we broached a subject that I KNOW impacts all your lives. You’ve either worried about it, scoffed about it, or perhaps given in to it to a degree that concerns you. Because, for faith-guided missiles like us, these waters are murky, and it’s unclear if playing ball is wise or faithless. You know what I’m talking about because it’s in the title. We talkin ‘bout INSURANCE. Giveaway Alert! Send your insurance questions to mark@abrahamswallet.com and one lucky inquisitor will receive a copy of Jeff Davenport’s new book – I am a Field.

27 Marras 201916min

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