On episode #338 of “Let’s Talk Money with Dave and Reb”, the co-hosts continue some of the themes from the previous show. They tackle a few more questions from More Than Enough (MTE) financial clients, but they also discuss the challenges of “financial advice giving”.
Referencing a book by Morgan Housel, called The Psychology of Money—Timeless Lessons on Wealth, Greed, and Happiness, Dave and Reb share that there are some financial principles that are helpful for everyone. But because each person is different with varying risk tolerances, financial habits, and understanding, each one can draw different conclusions from the same information.
“The bottom line is that we need to take responsibility for our financial decisions,” Reb says. “Responsibility for our finances rests with each one of us, not our financial coaches or advisors. So even though we would love someone to tell us what to do with our money, we need to do the work—for ourselves and our families.”
Listen to today’s episode sponsored by Financial Discipleship Canada and notmine.ca—a ministry to the body of Christ that voices and encourages dialogue and new conversations regarding finance and our discipleship to Christ. To learn how you can connect your finances to being a disciple of Christ go to https://www.financialdiscipleship.ca/. To order Reb’s e-book, audio book, or soft-cover copy of Cultivating Trust: Finding God’s Hope and Freedom for Your Finances, go to www.morethanenoughbooks.ca. One recommended book from today’s show comes from Morgan Housel called The Psychology of Money—Timeless Lessons on Wealth, Greed, and Happiness. Find out more here: link.