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In this show you will hear a recording of an exposition of 1 Timothy 6.3-10 that Steve Donahue recently provided to Mt. Tabor Baptist Church. This section of the Scriptures deals with money. The outline is as follows:
Avoid Gain Teachers 3-5
Be Content with Godliness 6-8
Don't Love Money 9-10
I thank you for listening and supporting the podcast.
As 2013 approaches most people are thinking about what will happen during that year and what happened this past year. The end of the year then is a great time to address the issue of goal setting and what is involved in that and how to achieve the best results from it. There is a great book from which some of the subject matter of this podcast comes: Tommy Newberry's Success Is Not an Accident: Change Your Choices; Change Your Life. Here are the Eight Rules to Effective Goal Settings:
They must be written down
They must be state in the present tense
They must be stated positively
They must be consistent with your core values and mission statement
They must be specific and measurable
They must be time-bound
They must be balanced between reasonableness and challenge
In this show we complete the series on the varies forms of capital. This last type of capital is Cultural Capital. First I review the eight different types or capital discussed.
Social Capital
Material Capital
Financial Capital
Living Capital
Intellectual Capital
Experiential (Human) Capital
Spiritual Capital
Cultural Capital
I then discuss what Cultural Capital is.
Then I discuss the uniqueness of Cultural Capital
This is followed by looking at several different examples of groups that form their own unique cultural capital, including:
Family
In a business
In community
In an ethnic group
In a nation
Pop culture
CONCLUSION
Why is learning about and working at building more of the various kinds of capital important?
We want to build a legacy of abundance. Abundance comes from obtaining and developing your capital.
Go back through and review the 8 forms and what you can do to develop the various forms of capital in your life. Set some goals for each form of capital for 2013 and a plan to achieve it.
In today's show I discuss the concept of Spiritual Capital as we continue our series on the eight forms of capital described by Ethan C. Roland of Appleseed Permaculture. I will probably be taking a little different direction than most who comment on the concept. First, I discuss what it is not. Second, I discuss briefly the idea that spiritual capital can be looked at as a subset of Social Capital. Third I look at spiritual capital and its acquisition from an eternal perspective as indicated by Matt. 6:19-21 and highlighted from three other Scripture texts (2John 1:8, John 4:36, 1Cor. 3:8, 14). When taken from this perspective it encourages us to be involved in sound doctrine, evangelism, and discipleship.
In this show I discuss the 6th form of capital identified by Ethan C. Roland of Appleseed Permaculture which is Experiential or Human Capital. This form of capital is the acquired experiences of individuals that are used as assets. Join me as I discuss:
What is Experiential or Human Capital
Two ways to look at this form of capital
Some benefits of Human or Experiential Capital
What to do to acquire more experiential capital or leverage the experiential capital you already have.
Relationship between experiential capital and wisdom
In this report we find that the US is slipping quickly in its economic freedom. The question is how far down the list will we fall? Here is the outline of the show.
1) What kind of legacy are we going to leave our children
Will they inherit the blessing of abundance by being in the land of opportunity
2) What is the Economic Freedom of the World report 2010?
the Fraser Institute, a free-market think tank in Canada and the washington-based Cato Institute measure 41 indicators of the 144 countries.
The work of Economists James Gwartney, Robert Lawson, and Joshua Hall
3) What do they measure? 5 main areas
Size of the government
Legal System and Property rights
Sound money
Freedom to Trade Internationally
Regulations
4) Why is the study important? What are the general findings?
freer markets are better for:
per-capita income
economic growth
amount of income earned by poorest
life expectancy
political rights and civil liberties
unemployment rates
debt per capita
income inequality
gender inequality
Child labor
air pollution
forest growth
CO2 emissions
5) Where does US stand and where is the US trend?
In 2000 US was 2nd
by 2009 we had dropped to 12th
In 2010 we had dropped to 18th.
One estimate was that if the statistics were in for 2012 we would be 40th. (That would put Spain ahead of us)
Others around. (Kuwait 19), Qatar (17)
Protection of private property rights showed the greatest decline (thanks war on terror)
6) 5 reasons for the decline
increased use of eminent domain
war on drugs and terror
uncertainty in the business environment (who will get bailed out when)
growth in size and scope of government (adjusted government spending has growth b by more than 50 % since President Clinton left office.
regulations
Inflation
7) What does this mean for you and me?
If no change all the other things listed earlier will decrease
8) What can we do?
Prepare for worse economic conditions in the US
Strengthen your own economic position
Remove investments in US unless they are countries that do business in growing economies.
In this show we discuss the 6th of 8 forms of capital first discussed by Ethan C. Roland of Appleseed Permaculture
which is intellectual capital. Here is an outline of what is discussed.
What is Intellectual Capital: The knowledge that you have on any particular subject specifically and all things combined generally.
Some benefits of intellectual capital
Cannot be taken away
A tornado can wipe out your material capital
An economic depression can wipe out financial capital
A drought or plague can wipe our your living capital
But unless you have an accident and get amnesia or acquire alzheimers at your old age you will not loose you intellectual capital
Can be acquired readily today by use of the internet
There is so much information available today through the internet.
There are whole courses on subjects
There classics online in audio and eBook form
YouTube how to..
Can bring leverage to all the other assets
For example, the knowledge on how to increase your rabbit yield will help your living capital
The knowledge of economic cycles can help increase your financial capital.
Some things to consider
Intellectual capital must be applied to be most valuable
A PhD with our experience and application is simply a piece of paper.
Investing in intellectual capital is one of the few forms of capital that is concentrated on one own self development which results in a exponential benefit.
For example, if you invest some financial capital to acquire some living capital like some fruit trees that is a trade of one thing for another of personal property.
Where as if you invest some financial capital into some books that you read and apply what is learned in those books you and that to which you apply the knowledge benefits.
How to acquire more intellectual capital
The Traditional route
school
trade school
college
university
take advantage of these opportunities to learn something. Do not consider what you are doing as meaningless, consider it as building your intellectual captial.
Non Traditional route
Internet
E-books
Audios
Online courses
For example Liberty classroom
ie. podcasts
ie. audio books
ie. online articles
What to do?
Consider where you have areas of expertise
Consider where you would want to learn more
Evaluate where and how you intend to acquire the needed intellectual capital.
In this show you will hear about one of the eight forms of capital namely, Living Capital. These were originally described in Ethan C. Roland of Appleseed Permaculture. Living capital is resources and assets that are alive in some way. Obviously, most people are familiar with some forms of living capital such as livestock but there are others forms you may not consider. Join in learning about some different kinds of living capital, some things to think about living capital, how to acquire more living capital, and what can you to today in light of living capital.
In this show I talk about the second of eight forms of capital identified by Ethan C. Roland of Appleseed Permaculture which is Material Capital. Join me as I talk about:
In this show I talk about the first of eight forms of capital identified by Ethan C. Roland of Appleseed Permaculture which is Social Capital. Join me as I talk about:
What is Social Capital?
What are some examples of people with lots of Social Capital?
The typical American family buys a huge house but spends little time in it. This is because we have gradually delegated away and outsourced many of the activities that are suppose to be done in the home. In this show I discuss nine of these activities that need to be brought home. Join me as a discuss the following:
In today's show I discuss nine tips that can help you in your retirement investing. It is important if you are planning on leaving a financial legacy to invest for the time when you cannot work for money and your money has to start working for you. This is what retirement is. Join me today as we look at these nine retirement tips:
Rollover Old Retirement accounts
Max the Match
Use a Roth IRA
Don't forget about the Spousal IRA
Consider actively managed money strategies.
Know and understand how to figure how much you need
Buy assets that people use in your portfolio
Don't forget the importance of your own business in your retirement calculations
Financial Success is essential to building a legacy in many respects. Further, there are certain essentials to achieving success financially. They are not often hard to understand but they are often hard to do because they require maturity of character to accomplish them. Join the show today to hear a discussion of these five essentials:
We are only given so much time in this life in which to build a legacy which means that we need to make the most of every moment. In this episode I share some tips and principles that I have learned about time management. The most important time management principle is knowing what activities fall into which category in the Time Management Chart.
Many times people use terms with the thought that everyone else knows what is meant by these terms. I don't want to do that. So in this episode I discuss 15 basic financial terms that everyone should know so that if you don't know them after this episode you should be able to. If you already know them..well it will be a refresher. Join me today as we describe the following:
In this episode I interview Doug Pruiett who has recently started a family business. I interview him on why and how he started his business with the hope to inspire others to start a family business where the next generation can be discipled, learn a trade, and contribute to society and the church.
Pruiett and Sons is a “father and sons” business that hand-crafts farm-style dining tables, benches, coffee tables, and more.
Doug spent seventeen years as an aerospace engineer at Cape Canaveral, working in the design and testing of long-range nuclear missiles.
In 1996 He went into full-time Christian work as a missionary, then pastor, and now an assistant VP of information technology for a Good News Jail and Prison Ministry.
He has always maintained his engineering interests and work in his Christian assignments. “My sons and I were taught the building and carpentry trades by a master-carpenter for over five years. One of my first lessons was that buildings (and most other things) do not require aerospace tolerances. Once I quit using a micrometer on everything, I began to build some nice things in a reasonable amount of time.”
In this show I talk about the Consumer side of food legacy. I address 6 considerations for those who are not producing their own food but want to be good stewards of resources
Why this is an important topic?
Not everyone is able to produce significant amounts of their own food.
Episode-43- The National Debt and A Legacy of Indebtedness, Servitude, and Poverty[ 32:25 ]Play Now | Play in Popup | Download (248)
In this show I talk about the National Debt and the legacy of indebtedness, servitude, and poverty that it is leaving. I answer three questions: What is the extent of the problem?
What caused the problem? and What are some solutions?
Join me for a short look at the various investment risks and their relationship to various products and investment vehicles. You can see the relationship in the chart below. What this shows is that whatever investment you choose you have to be willing to accept the risk of the investment.
In this show I talk about 15 Financial Myths that I have heard repeatedly over the years. Buying into these myths could derail your finances and prevent a financial legacy. Here they are:
1) A house is a great investment because it always goes up in value
See Chart
The gauge is down about 35% from its peak before the housing bubble burst in 2006
2) This is a risk free investment
3) Bonds are safer than stocks
4) You need life insurance your whole life
5) Life insurance is a good way to save for college tax free
6) Term life insurance is like renting, it is throwing away your money
7) Buy and Hold portfolio is the best investment strategy
8) If you dollar cost average you don’t need to worry about fluctuations in the market
9) If I had 1,000,000 dollars I would be set for life
10) Money isn’t very important
11) Gold is a good/lousy investment See article An ounce of gold can buy about what an ounce of gold bought 100 years ago.
12) All 10 year periods in the stock market have made money
Dave Ramsey on his article
1906-1924 18 years had a -4.29% cumulative return
1929-1953 25 years had a 1.69% cumulative return
1965-1981 17 years had a .83% cumulative return
2001-2010 10 year depending on what month you start and end on had a best return of 2.66% and a worst of -2.28% cumulative returns
13) You can never loose your money in an annuity
14) I need a job with benefits
15) Debt can be good if it is used right
Episode-51- 15 Financial Terms Everyone Should Know [ 37:52 ] Play Now | Play in Popup | Download (283)
. Here are the Eight Rules to Effective Goal Settings:
