Blog2023-06-14T09:49:13-07:00

Resource Center

Financial wisdom produced by award winning and experienced financial professionals.

Your Home is Probably Underinsured

By |June 21st, 2023|

Once upon a time, in a quaint little town, there lived a woman named Sally. Sally was a vivacious and hardworking individual who had recently purchased her dream home. It was a picturesque house with a white picket fence, nestled in a friendly neighborhood. Sally had poured her heart and soul into making her house a home, with all the upgrades and luxurious features she had always desired. Inside, Sally's house boasted state-of-the-art appliances, elegant cabinets, and gleaming granite countertops, custom wood floors, a theatre room with all the proper technology, and the most perfect pergola that created an [...]

What if I invested every time CNBC said not to?

By |June 14th, 2023|

If you are looking for an edge in investing, maybe try doing the opposite of what the news tells you to do. CNBC has a well-known segment called “Markets in Turmoil” whenever stocks are in a drawdown. They bring out the graphic complete with bold red lettering and a bear in the background. CNBC doesn’t use the segment flippantly, only when things are scary. Here’s a sampling: May 2010: A Flash Crash causes the Dow Jones to fall 1,000 points in minutes. August 2011: The European Sovereign Debt Crisis, downgrade of the United States’ credit rating. October-December 2018: The [...]

Common Myths That Impact Your Insurance Rate

By |June 7th, 2023|

Insurance is a vital aspect of our lives, providing financial protection and peace of mind in the face of unforeseen events. However, there are several myths surrounding insurance rates that can mislead policyholders and impact their understanding of how premiums are determined. In this blog, we will debunk three common myths that often influence people's expectations about their insurance rates and shed light on the reality behind them. Myth 1: Turning age 26 makes my rate go down. This is not true. One common misconception is that once you turn 26, your insurance rate automatically decreases. While it is [...]

What Is A HELOC?

By |May 31st, 2023|

Even though housing prices have cooled, many homeowners saw their real estate values explode over the past few years. This has caused people to begin exploring options to tap into their newfound home equity. One popular choice is a Home Equity Line of Credit (HELOC). A HELOC is a flexible borrowing tool that allows homeowners to draw from the equity they have built up in their homes. But is it a good idea? Let's delve into the details and weigh the advantages and disadvantages of a HELOC. Understanding a Home Equity Line of Credit (HELOC) A Home Equity Line [...]

Top 3 Things to Focus on When Buying a Home

By |May 24th, 2023|

Buying a home is a significant decision, and it's essential to consider various factors. By focusing on the following three key aspects, you can simplify the process and find the perfect home for you and your family. 1. Location The location of your home is crucial. Consider factors like the neighborhood, schools, proximity to work and other amenities that matter to you. Living in the right location can greatly enhance your overall experience and quality of life. For instance, being close to other families with young children or near their friends can be beneficial if you have kids. Similarly, [...]

What To Do When You Receive An Inheritance

By |May 17th, 2023|

Receiving an inheritance can be a significant and life-changing event, providing you with an opportunity to secure your financial future. However, it's crucial to approach this windfall wisely to make the most of it. We will discuss smart financial moves to make when you receive an inheritance. We also want to give you a free resource to assess your current financial situation so you can make sound financial decisions. Millennials and Gen Z If you were born between 1981 to the early 2000’s, you fall in this camp. You are more likely to have fewer assets and higher human [...]

Affordable Housing: Three Steps to a Lower Payment on Your Home Purchase

By |May 10th, 2023|

The topic of housing affordability has become a hot-button issue. Home values continue to rise and the government's response to the inflation issues they created has sent interest rates up after record lows from a few years ago.  There is a way to get your interest rate and payment much lower. Yup! No special government program, no bill needed to pass the Senate and House. All you need is some intelligent contract structuring, quality realtor relationships, and a wise home loan advisor. With the right approach, you can make house financing better and more affordable. Here are three steps [...]

8 Things A Christian Financial Advisor Teaches His Kids About Money

By |May 3rd, 2023|

As a Christian financial advisor, I’m asked what I teach my own children about money. While budgeting may seem like an obvious answer, I believe instilling strong values in our children is far more important when it comes to making wise financial decisions. In this blog, I will share with you the eight things I teach my kids about money which have helped shape their mindset toward earning and spending. Be others focused. I teach my kids to think about others, not just themselves. Serving others is the best way to earn an income, and being others-focused helps them [...]

This News Story is Misleading: A Good Credit Score is Still Good

By |April 26th, 2023|

There has been a lot of buzz surrounding an image from Fox News claiming higher credit score borrowers will be charged a 1% fee, while lower credit score borrowers will receive a discount of 1.75% on fees they would normally have to pay. This graphic is misleading and not entirely accurate. Borrowers with good credit will still receive a much better rate on their mortgage than those with a lower credit score. Context From Me Before I break down the details of this adjustment to mortgages going forward, I need to say the following: I am politically conservative and do [...]

Adjusting Your Insurance After Your Teen Graduates

By |April 19th, 2023|

As a parent, seeing your child graduate can be both exciting and nerve-wracking. Amidst all the preparations for college or their next step, it's essential not to overlook your insurance policies. Whether your child is moving away or coming back home, there are several adjustments you'll need to make to your auto, home, and health insurance policies. This topic should not be taken lightly. Adjustments need to be made to your insurance. Moving forward without making the necessary adjustments can cost you money and place your child in situations where they are uninsurable. Auto Insurance If your child is [...]

Should I Buy Gold?

By |April 12th, 2023|

Gold has been used as a store of value and a medium of exchange for thousands of years, making it one of the oldest forms of currency in the world. Because gold is often seen as a “safe haven” asset, you see more “BUY GOLD!” commercials during times of economic and political uncertainty. “Gold IRAs” promise to protect your hard-earned retirement funds, making investors wonder if they should be buying gold. Investing in gold is not without its considerations. It’s important to understand the risks and benefits before making any investment decisions. What does it mean to invest in [...]

Shopping For A Mortgage Made Easy

By |April 5th, 2023|

Would you believe me if I told you that almost all lenders have the ability to offer the same interest rate on a home loan? It's true! For the most part, all lenders work from the same set of available market interest rates on any given day.  If this is the case, why shop around for a mortgage at all? Because the cost to obtain the best interest rate is different with each lender.  When comparing mortgage options from multiple lenders, it's important to consider both the interest rate and fees associated with each loan to find the best [...]

Is My Money Safe?

By |March 30th, 2023|

The recent failures of Silicon Valley Bank and Signature Bank have left many wondering if their own bank accounts are safe. We are going to explore FDIC insurance, how to calculate it for your own bank accounts, and provide alternative options if you have uninsured funds. What is FDIC insurance? The FDIC (and the NCUA for credit unions) provide peace of mind that your deposits in your bank or credit union are safe in case your banking institution fails. Member banks and credit unions pay premiums to these entities. In exchange, depositors in a member institution receive protection on their [...]

How To Sell Your House

By |March 22nd, 2023|

Many sellers focus on the wrong things when listing their house. This leads them down a rabbit hole of actions that don’t make a big impact causing frustration and poor results. What most think helps sell a home is not really what sells a home. With over 50 years of combined experience, we here at Stewardship have been able to simplify what actually sells your house into three areas. We’ve also identified the mindset buyers have as they engage in each of these aspects. The three areas are: price, product, and presentation. Price Pricing your home correctly is potentially [...]

What Is A Discovery Trip?

By |March 14th, 2023|

Reading Time:  3  minutes We offer free discovery trips to help you find the perfect house without any cost or commitment to help you decide on your next home.

Silicon Valley Bank

By |March 13th, 2023|

On Friday, the FDIC took control of Silicon Valley Bank (SVB).  On Thursday, the bank reported it was trying to raise new capital to help shore up its balance sheet.  This caused a bank run as customers were trying to withdraw their deposits. Silicon Valley Bank wasn’t a household name to a lot of people.  That’s because they were largely focused on providing banking and lending services to technology companies and startups. Why did this happen? A simplified explanation is that SVB took in a lot of deposits in the last few years.  They parked a lot of that [...]