Tyler Shamblin - Wealth Advisor

Guess who was humbled by a 1-year old this morning 🙋🏻‍♂️

In the middle of this constant grind to build a business…

To deliver value to clients…

To fulfill a vision for my family…

I find my 1-year-old doing the thing I haven’t done in weeks.

She’s reading her own Bible.

(Pointing at the animals on Noah’s Ark and making noises, but still.)

Trust me, as a very long-term planner, I understand wanting to leverage resources to create your ideal life.

It’s kind of my job to help you with that.

But don’t forget that we’re stewards of what God gives us.

It’s important to:

• Buy term life insurance
• Invest in diversified assets
• Focus on growing income over reducing expenses

But it’s also important to:

• Talk to God
• Listen to God
• Apply what He teaches

And that starts with reading Scripture.

Our spiritual responsibility isn’t mutually exclusive from our financial responsibility.

Thanks to Ivy for the reminder!

How to fix college sports (coming from a former D-II walk-on safety/punt returner):

Have you been following the Wild West that is college sports right now?

One of the latest developments is a QB quitting on his undefeated* team because an NIL deal went wrong.

And this story is just the tip of the iceberg.

More and more players are sitting out games in the middle of the season.

I wonder if there’s a solution that benefits BOTH the schools and the players.

⛹️‍♂️ The players want to benefit financially for their hard work.

🏫 The schools want security that the players will produce what they recruited them to do.

MY PROPOSAL:

Using my financial planning brain, the boosters/schools/whoever is paying the kids should open a non-qualified deferred compensation package (NQDC).

The players get paid based on fulfilling certain obligations, such as playing a certain number of games.

They still get their money, but they have to produce something.

And being a contract, the schools can’t back out of paying if the players fulfill their roles.

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💡 And if you’re a business owner, you can use this same strategy.

If you have a key employee that you want to pay well, but you also want him/her to perform the duties to a certain level or work a certain amount of time…

…the NQDC plan is meant to help serve both parties in this respect.

—

What do you think?

Is it finally the players’ time to cash in?
Or is structure desperately needed in college athletics?

Can you be a Christian and be wealthy?

I’ll probably wrestle with this question my entire career.

But let’s go to the source.

📖 Luke 12:16-21

A parable about a man who has stocked up so much money that he says, “alright let’s party until I die.”

But Jesus says that day was his last. Everything he worked for was for naught.

📖 Matthew 19:16-22

A rich man approaches Jesus and asks what he must do for eternal life. The man swears he’s followed all the moral law.

Jesus tells him to sell his possessions and give them to the poor, and the man walks away discouraged.

Was Jesus saying money = bad?

I don’t think so.

Based on context, both men put their trust in money, not God.

They loved the security they found in money more than they loved the God who gave it all to them in the first place.

So if you’re a believer and wondering what to do about money:

1) Work hard (to earn money)
2) Manage your money wisely
3) Give money generously
4) Listen to God when He asks you to change your course in life

All of these are biblical commands.

“Don’t have a lot of money” is not, however, an explicit biblical command.

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No sales CTA today.

On Sundays, expect to hear more faith & finance content from me. 🙏🏻

Because of my career, I’ve spent a lot of time learning the role that God wants money to play in our lives.

Message me if you want to have a conversation about it. ✌🏻

Was the Atari on your birthday wish list as a kid? If so, you may want to read this:

You may have done a fantastic job putting away money in a 401(k) plan, IRA, and brokerage account.

But do you have a plan for:

- Your long-term tax bill
- How much $$ to take out
- Which accounts to draw first
- A long-term healthcare situation
- Transferring money to your loved ones
- What day to start your Social Security income
- How much investment risk is appropriate for you
- Maintaining your peace when the world looks chaotic

Your financial plan may have graduated from:

Step 1: Save money.
Step 2: Pick a fund.
Step 3: Let it rip.

So, where do you stand?

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Just now realizing that the Atari is almost 47 years old?

Want to make sure you go into retirement with no regrets?

Here’s what you can do:

💬 Send me a message.
💻 Visit our website.

⭐️ My firm and I can help you retire ASAP… and STAY retired.