Impact – Why we do what we do!February 6, 2023
by Ron Bare
“Through intentional stewardship and extravagant giving, Bare Wealth Advisors help generous people shift the culture and change the world for the glory of God.”
As we have been writing about in our latest series of blogs and articles, our vision is to not only help you plan strategically with your finances, but our main desire is to help you maximize your impact (with the financial capital you are stewarding) for the next generation and for the good you desire to have on this earth. The quote that begins this blog is what we are calling our “impact statement.” We have seen and believe that intentional money management and generosity are a key element to making the impact we desire.
Throughout history there have been individuals that God has used to shift culture for the glory of God. Billy Graham, William Wilberforce, Dietrich Bonhoeffer, Corrie ten Boom, Rosa Parks, and Martin Luther King all come to mind as individuals that used their time, talent and treasure to make a difference in our world. To a great extent, we are benefactors of their efforts. You can read more about some of these individuals in Eric Metaxas Books; Seven Men and Seven Women.
Often as you look behind the names mentioned above you can find others who have supported these movements with their gifts – including financial gifts. I think of William Tyndale, responsible for translating the Bible into English (putting his life on the line!) and how this may never have happened without Humphrey Monmouth who financially backed the endeavor. I also think of John Newton, responsible for writing many hymns including “Amazing Grace”, who also mentored William Wilberforce to use his gifting’s in politics rather than go into “ministry.” Wilberforce went on to help lead the abolishment of the English slave trade. Without John Thornton’s financial support from his successful business enterprises we may not know of the name John Newton or William Wilberforce – that jolts me! You can read more about these stories in John Rinehart’s book, “Gospel Patrons.”
These stories inspire us to think about our impact. We may not be Billy Graham, William Wilberforce or Mother Theresa – however what if we are those who are to support and financially fund the movements in 2023 that will shape the next 50 – 100 years of history? There has never been a more prosperous time in history, and with that in mind, we must ask ourselves – what does God want me to do with his resources (that He has entrusted to us) to make an impact in our culture today?
We have a great opportunity. Lets expand our vision of what God may want to do through our stewardship and generosity so we can shift the culture and change the world for the glory of God. William Wilberforce had a dream to end the slave trade – as a result of him fulfilling this calling, generations have been changed, culture has shifted and God has been glorified. We can do the same! Our desire at Bare Wealth Advisors is to help you leave this kind of impact!
2023 – The Year of StoryJanuary 16, 2023
We have themed 2023 “The Year of Story”. Over the past 21 years of hearing your stories, we have come to believe that capturing your story is an important piece of preparing the next generation for successful stewardship. Therefore, in 2023 we are making an intentional effort to give you tools to help you capture your story.
In Biblical times, stories were often passed down orally from one generation to the next. In Deuteronomy Moses reminds the people of Israel about their story and journey to freedom. He tells them to “remember” and gives careful warnings of how to live as they enter the promised land under new leadership from Joshua. “Remember” is a word that Moses repeats often! By remembering their story of the past the Israelites will be protected from repeating mistakes as well as prepared for the impact and purposes God had for them.
As we begin 2023, I feel the burden of helping the next generation be prepared to enter life and make the difference God has called them to. I’m sure you think about this as well. I believe we can model what was done in Moses’ time today. This current generation (Us!) can intentionally prepare the next to enter their calling. Some of this preparation involves passing down wealth. But more importantly, we should be passing down our stories – which allows the next generation to understand the wisdom you’ve gained, lessons you’ve learned, the challenges you endured during hard times and the perseverance you employed to overcome those challenges. We believe your stories will help prepare the next generation to pick up where you leave off so they can continue to create positive change to impact the world for good.
As mentioned above, money is an important part of our story. When managed with wisdom, we can use financial capital in a way that helps us tell a story that inspires the next generation. Think about it, you could do a lot of great things in life, however if you do not learn to manage and handle money well it will most likely lead to regrets as part of your story. We have all learned a lot through our successes and failures in managing money – why not intentionally pass these lessons learned to the next generation? Here are 3 suggestions to help you tell a successful story:
- Build a financial plan tailored to your story, values, purpose, and goals. This will create clarity on the purpose of the money and help you stay focused on what matters most in life – it’s like putting guardrails on the side of the road. They protect you from going over the edge while you retain control of where you are heading financially.
- Write down your story and how it interacts with money. Answering questions like: what was money like growing up? What was I taught about money and how to manage or care for it? What is your first memory of money? What do you want to be remembered for? Putting pen to paper with these types of questions will help you clarify your values and what you want to communicate to the next generation.
- Define what is enough. Once you know how much is enough you will unlock potential resources to pour into your purpose and the next generation. This could help you accomplish more than you imagined during your lifetime to continue to build on the story you have told to this point in time.
We look forward to connecting with you in 2023 and helping you explore these steps above and work together to help you capture and tell the story you desire. Blessings to you and your family as we embark on another year together!
By Ron Bare
Why “Beyond Abundance” for Our Tagline?December 12, 2022
by Ron Bare
As we mentioned in our last blog post, we have recently gone through a rebranding process and now have a “new” look and feel! We hope you love this new look as much as we do! As we mentioned last month, as part of our rebranding, we created a new tagline – “Beyond Abundance.” This tagline connects to our core value of “biblical wisdom” and ultimately connects to our approach of helping you with your financial decision making. We believe that living “beyond abundance,” is a posture of confidence in God, acknowledging that He can richly provide for us beyond what we need so we can generously share with others (2 Cor 9:8-12). A “beyond abundance” way of living offers freedom and opportunities to live a life of fullness (John 10:10), to impact the world far beyond what we could hope or imagine (Eph 3:20).
As we began thinking about what our tagline should be we first thought of what would resonate with you! And this is what we know – you love to be generous, and we love to promote generosity! We were reminded of all the generosity stories we have heard from you, and we have watched so many of you walk in a generous life that we can confidently say that 2 Cor 9:8-12 is true! We believe generosity is the most important part of a financial plan and a necessary component of a lasting legacy. A fulfilling and abundant life must contain living with open hands – looking for ways to be a blessing to those in need, our families, and others who we can love and serve.
In addition to generosity, we believe that it is important to be intentional to think about and expand our vision to align with desired impact, and then connect finances to this vision. Proverb 29:18 says in the KJV “Where there is no vision, the people perish”. We know as well as you do that people follow “visions” they deem worthy. What vision are you following? Have you paused to think intentionally about the vision for your life, family members and others you care about? Through our intentional process, we will help you bring clarity to your vision as well as work with you to align your money decisions to help carry your vision forward.
By living generously and clarifying your vision you can be confident that you are leaving a lasting impact in our world! You will be able to truly say you are living, “Beyond Abundance!” We look forward to connecting with you soon to continue to explore ways to do this together as well as share some new tools we are developing to help you tell your loved ones and the world your story of a “Beyond Abundance” life!
Celebrating 21 Years & A New Look For Us!November 21, 2022
by Ron Bare
At the end of October, we held a 21-year anniversary celebration event! It was a wonderful evening with great food and friends, an encouraging challenge from Chuck Bentley and amazing musical entertainment from Voices of Lee. In addition, we looked back at the last 21 years of Bare Wealth Advisors and Ron set a great vision for where we hope to head in the coming years. We are committed to helping you have great impact and tell your story intentionally for generations to come. For those of you who were in attendance, we hope you were blessed and inspired. If you could not make it, we missed you!
At our celebration, in addition to the above, we launched a new look and feel for Bare Wealth Advisors! As many of you know, 2021 was our “Year of Intentionality.” We felt that this was the right time to be sure that we were intentionally telling an accurate story of who we are and what we do. We worked through an in depth 6-month process being sure we did this well. We are so excited with the results! We will be sharing more of the details of our rebranding in the coming months through our blogs and social media.
When going through the rebranding process our goal was to listen and think about you and your needs or desires when working with financial professionals. We know one of your biggest desires is to make a difference, an impact – in your families and in our world through causes you support with your time, talent, and your treasure. Knowing that the busyness of life and sometime the worries of this world can get in the way of this kind of living, we are committed to forming trusted partnerships with you to help you plan intentionally and give generously to your impact areas (family and giving decisions). Ultimately, we believe, as many of you do, what we invest into the next generation and charitable causes are what will last well beyond our lifetimes.
Our focus is helping you maximize your impact (with the financial capital you are stewarding) for your family and the causes or good you wish to make on this world as part of your legacy. We do this by providing wealth management and holistic financial planning grounded in Biblical wisdom to encourage generosity, empower vision, and influence the world for good. In the coming months we will continue to share the details of our rebranding including our NEW tagline…”Beyond Abundance.” We look forward to helping you grasp this exciting vision!
Intentional Family TimeJune 3, 2022
by Jim Wahlberg
As we focus on our “Year of Intentionality” one of the most important areas where we can be intentional is with our family. Unfortunately, this can also be the area that is easiest to neglect. When I think of being intentional or deliberate with family, my mind immediately goes to my childhood and the example that was modeled to me. I think it is safe to say that each one of us was shaped by what we experienced in our childhood. When I think back on my upbringing, I’m thankful that I can reminisce on mostly fond memories and experiences.
A few things that my family did intentionally were:
- Eating dinner together as a family each night. I remember playing with friends in the evenings and being told I needed to be home by 5:00. Many times, I argued that it wasn’t fair that I had to be home while my other friends were still playing. My parents put a value on making sure we had a time each night that we were all together and we could talk about our day.
- Family vacations. These are one of my most cherished memories. My parents grew up in Minnesota and most of my extended family were still in that area, which meant we had to be intentional to see our grandparents, aunts, uncles, and cousins. Most summers, we would pile in the station wagon for a road trip to see family. I’d sit in the back with my two sisters and proceed to drive everyone crazy while I’d see how close I could get to the imaginary line dividing our seats without crossing it. When my dad’s “claw” would reach around the seat and latch onto my knee, I knew I’d crossed the line! The 20 or so hours each way that we’d spend in the car were all worth it when we had time away from our normal distractions at home and got to make incredible memories on those annual vacations.
Now that I have the responsibility as a parent of three young kids, I am tasked with being intentional with both my wife and our kids. James 4:14 says, “Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes.” As summer is about to begin, I’d encourage each of you to take a moment to identify what you are doing intentionally with your family, whether with a spouse, children, grandchildren, or maybe even friends whom you see as family. Eat ice cream, day trip to the beach, jump in the pool! Understand that our time on earth is a mist that will soon vanish…take time today to make an intentional moment!
Intentional Financial PlanningApril 11, 2022
by Adam Black
When you hear the term “financial plan”, what is the first thing that comes to mind? Maybe it’s planning for retirement, finding a way to get your kids through college, or buying your first home. Personally, the first thing that I think of is “process”. When I think of the goals I have in my life, I know that most of them will not be accomplished overnight. To determine the best path forward, I had to sit down to evaluate what I have, what I’ve done so far, but most importantly, where my heart is. Taking the time to do that was an awesome process of self-discovery – but that was just the beginning.
Once I knew what I wanted to accomplish, I had to take action-steps to get there. The most important financial aspect of my plan was to live within my means. Without this discipline, most (if not all) plans would fail. I had to discern where money was flowing – how much I was spending money on takeout, how much I was giving, how much I was spending on gas, and so on. This process wasn’t fun, but from it I was able to figure out how I could achieve my goals and set guardrails on my financial journey.
No matter what stage of life you’re in, it’s important to intentionally take the time to go through this process. As you dream of your future, think about how it is impacted by your finances and consider the steps you need to take to make that dream happen.
You may not have the know-how on earning the most money in your investment account, how to save for your goals while being tax-efficient, or how to effectively give your money generously to make your financial plan flourish, but that’s okay. We would love to help you discern what those goals are and help you get there, all while building a deep relationship of trust and intentionality. For those we already serve – we love serving you! For those who we do not have the honor to work with yet, understand it’s a process, but a fulfilling one when done with intentionality and purpose.
I’ll leave you with my favorite catchphrase that I believe summarizes a key point to an intentionally built financial plan: “Trust the Process”.
Thoughts on the crisis in UkraineMarch 9, 2022
by Ron Bare
Like you, all of us at Bare Wealth Advisors are concerned about the recent world events, most significantly the Russian invasion into Ukraine. In the days ahead, please contact your team here at Bare Wealth Advisors if you have specific questions on how this affects your personal financial plan. In the meantime, I feel compelled to share some overall thoughts and words of encouragement.
- There will be plenty of blame to go around for this event in the days and months ahead – for now, I suggest praying for peace and protection for the nation of Ukraine.
- We are seeing extreme price movement in food and energy, which is likely to continue. Keep in mind, the US was energy independent within the last couple years. I believe our country has the capability to produce the energy we will need in the long-term. Since Ukraine is a large producer of wheat, we will continue to see increases in our food costs until this uncertainty is behind us.
- In my opinion, Russia desires control and money from both energy and agriculture (mostly energy) and that is what this war is about. In my opinion, Putin does not want to start World War 3.
- Financial Steps to take:
- Live within your means – spend less than you earn
- Give generously to those in need – here is a link to 20 organizations that are helping people in Ukraine: https://www.ncfgiving.com/stories/help-for-ukraine-10-charities-on-the-frontlines/
- Minimize debt
- Think long term – this too will pass. Continue to “work” the financial plan we have put in place. If you are adding to investment accounts, please continue to invest and possibly increase the amount of money you are investing. You are investing into some great companies that over the long term may reward you with good profits. If you have excess cash (margin) in your financial plan this may be a great time to consider buying some of these companies shares.
- Do not fear: Read Matthew 6: 19-34 (read verses 25-27 below)
- V25: That is why I tell you not to worry about everyday life – whether you have enough food or drink, or enough clothes to wear. Isn’t your life more than food, and your body more than clothing? V26: Look at the birds. They don’t plant or harvest or store food in barns, for your heavenly father feeds them. And aren’t you far more valuable to him than they are? V27: Can all your worries add a single moment to your life?”
Thank you for trusting in our team. We are here to serve you and we would be happy to help bring clarity to any questions you have concerning your personal financial plan.
Ron Bare and the entire Bare Wealth Team
Intentional GenerosityMarch 2, 2022
by Curtis Burkholder
As a young boy growing up on a dairy farm, I remember my mom talking about adding money to her Christmas Club. At the time, I didn’t understand what this meant. What I understand now is that she was intentionally setting money aside each month so that when Christmas came around my parents would have money saved to be able to buy gifts. Instead of just buying gifts out of their monthly income they had a lump sum saved to buy gifts. My parents valued generosity at Christmas time and knew that it wouldn’t happen naturally. They intentionally planned to save monthly so they could be generous at Christmas time. They had a vision of being able to enjoy giving as well as experience the joy of my sisters and I opening our gifts. This was one of the earliest examples of intentional generosity that I remember.
For many of us, giving and generosity does not occur naturally but requires intentional thought and planning. 2022 at Bare Wealth Advisors is the “Year of Intentionality.” In addition, one of our core values is generosity. Today, we’ll consider how intentionality and generosity are related. Generosity is a way that we can inspire others, a way to enrich our relationships, and allows us to expand the influence of what we manage. This kind of generosity requires intentional thought and planning.
Generosity inspires others by making an impact upon their current situation. It may be a gift that is made right when funds are needed to pay a bill or to meet the current need of a charity. Generosity can also provide funds for an organization to venture into new areas of opportunity. Then, as we share stories of generosity, others are inspired to give as well. This can cause a community to gain momentum around generosity.
Giving generously enriches relationships as it communicates, “I value who you are and know what is important to you.” Generosity requires intentional thought and planning to find a gift that reflects who the person is as well as their interests. With an organization, giving can also enrich the relationship between the giver and the organization as it allows gratitude to flow back and forth between the giver and the recipient.
Generosity expands the influence of what we manage by sharing what we have with others. Instead of keeping money, time, or talent to ourselves, as we share our resources it allows us to influence others in ways we would not have been able to do otherwise. We can encourage, train, and teach others as we share what we have.
The apostle Paul in a letter to the church at Corinth encouraged them to excel in the “grace of giving.” To excel in something requires hard work and effort. It does not occur naturally but requires sacrifice and discipline. To intentionally live a generous lifestyle requires us to say “No” to some things and make sacrifices so we can say “Yes” to others and be generous. This requires us to have a vision for our giving and to intentionally plan. Just like my parents saw on Christmas morning when they watched the joy on our faces, the energy that it takes to intentionally be generous is well worth the effort.
As you think about your personal life and giving strategy, take time to consider one area or cause that you feel inspired to be more generous in. Consider the potential impact of an increase in your generosity and develop a plan that will help you accomplish that goal. (We would love to help you create this plan!) As you develop a plan, make sacrifices, and take steps towards greater giving, you will be living in intentional generosity and experience the truth, “It’s more blessed to give than to receive.”
No more waiting!December 8, 2021
by Ron Bare
I remember as a child waking up on Christmas morning full of excitement and anticipation for what the morning would bring – a special breakfast, stockings, and…presents!
However, growing up on a dairy farm meant it was also a morning of waiting. The cows still had to be milked on Christmas morning just like every other day, and that meant that I had to wait until all the morning work was done, showers for my parents who were doing the work, and breakfast to feed those who already put in half day’s work until I could get to those presents! Ugh! Time seemed to move so slowly!
Then, the moment finally came -the Bible was opened, and the Christmas story read. And we could begin opening presents! Whatever the gifts were, they were usually worth the wait! However, by the next year I somehow would forget the gifts from the prior year and be looking ahead to what the next Christmas would bring.
Christmas Day more than 2000 years ago the world was also in waiting. Waiting on a promised Savior who had been foretold hundreds of years prior. But finally the wait was over. Jesus Christ was born! Unexpectedly, he came as a baby…. grew into a man…and died on a cross for the sins of the world. This was and is great news! He lived a perfect life, performed many miracles, and taught and modeled for us all how to live a life of impact. A life that is willing to serve, put others first, and ultimately die for others who are underserving of such sacrifice. Jesus was and is THE gift of Christmas.
“For God so loved the world that HE gave his one and only son, that whoever believes in him will not perish but have everlasting life” John 3:16. This gift lasts throughout eternity and is not like earthly gifts that rust and rot away or are quickly forgotten. He is the gift that forever changed the world and was worth the wait. He is the gift we should all reflect on every day, but especially during the season of Christmas, not to be lost in the hustle and preparations of the upcoming day.
Throughout 2021 at Bare Wealth Advisors, we have carried the theme “Year of Impact” both internally and with our valued clients. As we come to the end of another year and bring the “Year of Impact” to a close, I am drawn to the impact the life Jesus had on all of humanity. 2021 years after his birth we are still celebrating this life on the most widely known holiday celebrated each year. The life of Jesus Christ is the most impactful life of anyone who has ever lived and one we should look to model. He did it not with much wealth (actually very little), but rather with a life that served, loved, and ultimately was laid down for others – you and me. So, as we celebrate another Christmas season let us remember that the wait is over! The best gift ever has been given to all! And we are free to live a life like Jesus, a life of impact.
Thanks be to God for his indescribable gift!
Larry Burkett – A Life of ImpactSeptember 27, 2021
by Ryan Kurtz
As many of you know, our theme at Bare Wealth Advisors for 2021 is “Impact.” Specifically, we are challenging our staff and clients to ask, “how can we use our resources and lives to have an impact on others?”
As I reflect on my life and career, a man comes to mind that was very influential in my own life as well as extremely influential in our industry. Even though he is no longer with us on earth, Larry Burkett epitomizes a life of impact.
Larry passed away when I was 25 years old, and I was never able to meet him. My remembrance of Larry Burkett was when I spent afternoons as a young boy feeding animals and milking cows in the barn on our family farm. Typical of many farmers, the radio was playing, and every midafternoon a show called “Money Matters” aired. It was a “call-in” type of show where people would ask Larry financial questions and he would answer them. I was always struck by the way Larry gave answers to callers with knowledge for each financial situation while simultaneously integrating Biblical wisdom with the answer. His words were full of love for each person regardless of the financial situation – even if the caller found themselves in very negative appearing circumstances. Years later, as I began my career in the financial field as an advisor, part of my desire to help others came from wanting to “be like Larry” – to give loving financial advice integrated with God’s Word.
In addition to the radio show, Larry published over 70 books in his lifetime, and sales of these books now exceed 11 million copies. As I prepare for meetings with clients, I still have many of his books in my office that I pull out from time to time to see what Larry said about a certain topic. It is interesting to me that when I look up the advice he gave in his writings there is almost always a Bible reference included.
Not only did Larry impact me personally (and many others) through his radio broadcasts and writings, Larry was also instrumental in starting or helping to start a number of wonderful Christian financial ministries. At Bare Wealth Advisors we still are closely connected to several of these ministries, and they continue to impact so much of what we do each day. Some of these organizations that we use and connect with regularly are Kingdom Advisors, National Christian Foundation, Crown Financial Ministries, and the Money Wise radio show.
As I reflect on the impact that Larry’s life had on me and many others, I ask myself, “on who am I having an impact?” “Am I having the same life changing impact on others as Larry’s life impacted mine?” I will always be forever grateful for Larry’s life and the way God used him to influence me in so many areas of my life.