Should Boomers Pass on Wealth Sooner?? The Key to a Lasting Inheritance
Abrahams Wallet13 Nov 2024

Should Boomers Pass on Wealth Sooner?? The Key to a Lasting Inheritance

In today’s economy, waiting for an inheritance feels like a luxury millennials can’t afford. But is it right to ask for your parents’ financial help now? Should boomers be stepping in while their children are still raising young families or is this idea unbiblical? In this episode, we dive into the controversial conversation about generational wealth, debt, and stewardship. Should parents help pay off their children’s debts, or is there a bigger lesson to be learned? Tune in as we explore how to cultivate a family vision of stewardship, faith, and preparing the next generation for financial success.

Links in this Episode Family Wealth (book) Family Fortunes (book) Course on Writing a Family Vision Statement

About Abraham’s Wallet: 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/ AW website Apple Podcasts Spotify YouTube Facebook LinkedIn Instagram

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HOME: Taking Dominion

HOME: Taking Dominion

Steven Manuel and Mark Douglass (his old friend from Texas) talk about the concept of ‘dominionism’ that’s moving around some circles and inspires a new group of books (listed below). This is NOT a thorough dissection of the subject; Mark is a novice at the topic and Steven is just trying to get his head around it. They discuss whether God wants his sons “taking over”, where godly ambition and selfish ambition diverge, and the “pope of Bastrop, Texas,” Bob Long. Mark Douglass’ community, training center, and equipping confab is The Viceroy Project. Get him out into your neck of the woods to train your families to be stronger for the Kingdom. Seriously. Do it. Today’s episode mentions the following books and products: [“Dominion” books: It’s Good to Be A Man, Michael Foster and Dominic Bnonn Tennant Gathmu Saith It, Douglas Wilson In the House of Tom Bombadil, C.R. Wiley The Household and the War for the Cosmos, C.R. Wiley] The Benedict Option, Rod Dreher The Fellowship of the Ring, J.R.R. Tolkien TheViceroyProject.com

12 Jan 20221h 13min

HOME: Opportunities for training your children financially

HOME: Opportunities for training your children financially

Mark Parrett and Steven Manuel continue their series on training children financially (20:30). In PART THREE of this series, they review an overall plan of 11 teaching opportunities for fostering financial literacy among your progeny. They cannot help themselves, though, from discussing Christmas lights for about 20 minutes, wasting precious minutes of your day.  Mentioned in today’s episode are the following products: Pay Day, by Hasbro Cashflow [board game] by Rich Dad Greenlight.com Famzoo.com charitynavigator.org Busy Kid app Investopedia App

5 Jan 20221h 9min

HOME: HOW to train your children financially

HOME: HOW to train your children financially

Mark Parrett and Steven Manuel continue their series on training children financially. In PART TWO of this series, they discuss the HOW of financial training (9:30). Before they get into the actual, useful information, they talk about shower processes, and Orator’s Corner makes an appearance (5:45).  Mentioned in today’s episode are the following books and products: Smart Kids, Smart Money, by Dave Ramsey and Rachel Cruze Raising Financially Fit Kids, by Joline Godfrey The Millionaire Next Door, by Thomas J. Stanley The Richest Man in Babylon, by George Samuel Clason Financial Peace Jr., by Dave Ramsey

29 Dec 202153min

HOME: WHY train your children to be financially skilled?

HOME: WHY train your children to be financially skilled?

Mark Parrett and Steven Manuel begin a series on training children financially. In PART ONE of this series, they discuss the necessity of training one’s children (17:30). The church at large doesn’t talk about this issue, but leaving a godly inheritance necessitates this kind of training. They also get into whether Christianity, as known in the culture, is going to make it or not (1:00), and the cultural issues surrounding Dave Chappelle (9:00).

22 Dec 202153min

MISC: 2021 Book List

MISC: 2021 Book List

Mark Parrett reprises his “best books I read this year” gimmick with AW friend Jeff Davenport. They discuss books old and new, fiction and nonfiction, funny and profane- basically, whatever they ingested in the past year. It’s a review of interesting books, and and advertisement for reading in general. it’s 2021’s Book List!

15 Dec 20211h 16min

DOUGH: iBonds

DOUGH: iBonds

Mark Parrett gives a quick overview on an inflation hedge: iBonds. They’re treasury certificates and you can buy up to $10k worth of them annually. If you’re looking for short-term returns with good interests rates… Listen to this quick primer and consider iBonds!

10 Dec 20219min

MISC: False Teachers, Loving Truth, and Being Oppositional

MISC: False Teachers, Loving Truth, and Being Oppositional

Steven Manuel tells us what to look for, Biblically, as the promised “wolves in sheep’s clothing” come out of the woodwork to deceive the church. How can we recognize false teachers, how can we respond to them, and what kind of people are “false teacher-proof” in treacherous days?

8 Dec 20211h 14min

MISC: Legalism vs Obedience

MISC: Legalism vs Obedience

Steven Manuel, in a live talk recorded 10/30/21, speaks on the purpose of the Gospel, the urgency of obedience, and the contemporary’s church misuse of the terms “grace” and “legalism”. He shares insights about what’s happening in the church today, and how God-fearing families can respond. (0:00-9:00 is introduction to the Abraham’s Wallet audience.)

1 Dec 20211h 39min

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