In this episode, AB Ridgeway, a certified private wealth advisor (CPWA®️) professional, delves into the concept of patience as it relates to financial planning and investing, drawing insights from biblical principles. He emphasizes the importance of long-term investing over get-rich-quick schemes, highlighting the need for patience and faithfulness in financial stewardship. AB discusses four key aspects of patience that are crucial for both financial and spiritual success, encouraging listeners to reflect on their own practices and attitudes towards waiting.

Key Takeaways:

Thoroughness Over Haste: AB emphasizes the significance of thoroughness over haste in financial planning. He illustrates how impatience often leads to missed opportunities and dissatisfaction, urging listeners to enjoy the journey rather than rushing towards the destination.
Steadfastness in Pursuit: Being steadfast in financial endeavors is paramount, according to AB. He compares the journey of investing to navigating through traffic, where unexpected obstacles may arise but perseverance ultimately leads to success. AB encourages listeners to remain committed to their financial goals despite challenges.
Systematic Approach: AB advocates for a systematic approach to investing, cautioning against being swayed by sporadic fluctuations in the market. He emphasizes the importance of setting realistic goals and sticking to a consistent investment strategy to avoid emotional reactions to short-term fluctuations.
Avoiding Complaints: AB distinguishes between complaining and problem-solving, urging listeners to focus on finding solutions rather than dwelling on setbacks. He emphasizes the need to maintain a positive attitude and trust in God's plan, even in the face of financial challenges.
Faithful Patience: AB concludes by emphasizing the biblical principle of patient endurance, rooted in faith and hope. He encourages listeners to trust in God's timing and remain faithful in prayer, believing that diligent financial stewardship will ultimately lead to blessings.

Quotes:

"Wealth gained hastily will dwindle, but whoever gathers little by little will increase it." - Proverbs 13:11
"Through waiting, God is still going to test you. But even in those times, we must trust in God's decree." - AB Ridgeway
"Being thorough means enjoying the journey, no matter if you are in moments of poverty or prosperity." - AB Ridgeway

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*Disclaimer: This communication is not intended as an offer or solicitation to buy, hold or sell any financial instrument or investment advisory services. Any information provided has been obtained from sources considered reliable, but we do not guarantee the accuracy or the completeness of any description of securities, markets or developments mentioned. This is strictly for information purposes. We recommend you speak with a professional financial advisor.