Five Efficient Uses of Money

Our clients find it helpful to understand the five efficient uses of money.

When you earn a dollar or are given a dollar, you can:

  • Give it away

  • Spend it on your living expenses

  • Spend it on taxes

  • Spend it paying off debt

  • Save it

Our process helps our clients:

  • Increase their standard of giving over the course of stewarding their lives

  • Monitor and regulate their standard of living so they spend less than they earn

  • Avoid paying unnecessary taxes

  • Eliminate bad debt first, then good debt in the most strategic manner

  • Prudently save, invest, and grow their earnings or gifts over their lives

As a full service advisory firm, we do more than advise and get paid by our clients for managing their money. We work hard to develop comprehensive life stewardship plans tailored specifically to the values-driven goals of our clients. We often find ourselves working with our clients’ other advisors — their accountants, attorneys, financial advisors, and insurance agents. Most often we end up serving as the quarterback to the advisory teams of our clients.

Many clients express their wish that they had found us much earlier in their life stewardship journey. Perhaps they would have made fewer mistakes along the way.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

Relationally Focused Stewardship Cures Anxiety

When put into practice the first BRS distinctive that stewardship is primarily relational, not financial, can provide a great cure for anxiety about the future.

We help our clients focus on relationships and transform their retirement goals into a simple question:

“How much do you need in savings to fund your living expenses through death.”

Note that it’s not a net worth goal of $X million. (What’s your number?).

It’s not a goal to save enough so that you can spend an amount equal to 80% or 90% of your highest income earning years until you die.

Have you noticed how most advertisements by financial advisors and firms subtly play off your fears of not having enough money in retirement?

This is a common selling technique backed by psychological and neurological research on perennial human fears related to safety and security. The ads are designed to tap into your “lizard” brain, that deep part inside of you that reacts instinctively either with a “flight” or “fight” response.

As advisor fiduciaries who must earn your trust, we do not believe that selling ourselves or services through fear-based, anxiety-producing techniques is right. It’s not how we want to be treated by those who advise us.

And we do not believe it builds the kind of trust between an advisor and client that should be built. At the most fundamental level, we do not believe it values relationships over finances. If you think about it, you really don’t want an advisor who stokes your fears to move you to decisions that might put his financial interests ahead of yours.   

So what we do is flip the motivation for planning around by emphasizing its relational core. Instead of negative, fear-driven reasons for decision-making, we help our clients cultivate a vision of life motivated by positive, trust-driven planning.

What we and our clients have discovered is that this kind of relationally driven stewardship becomes the cure for financial anxiety. And it creates a freedom from money worries rooted in unhealthy self-focus and fears about the future, liberating clients into living a life of self-giving for the good of others.

Clients find their minds and their time freed up. Their talents and experience become more and more available to serve others. And, being assured that they have enough to live on until they die, they realize that they have much more financial and other resources available to help others, as well. Once our clients realize that they have more than enough in retirement savings to live on, they begin to experience the liberty of finding the kind of deep-rooted, soul-satisfying joy that comes from being a generous steward.

This is the cure for financial anxiety induced by the American Dream.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

Sixteen Threats to Your Retirement

Ancient wisdom tells us that a prudent steward sees danger and takes refuge, but the unwise ignore it and suffer for it.

Seeing potential dangers and taking refuge is at the heart of effective risk management and mitigation. At BRS, we are passionate about helping our clients avoid unnecessary risks.

We apply help our clients avoid:

Unnecessary taxes on:

1.  Capital gains

2.  Estate

3.  Gifts

4.  Income

Unnecessary market risk from:

1.  Debt crisis

2.  Global events

3.  Natural disasters

4.  Recession/Depression

Unexpected, premature life events due to the four deadly “Ds”:

1.  Divorce

2.  Disability

3.  Disease

4.  Death

Unnecessary asset class risk to creditors and predators creating:

1.  Judgments

2.  Lawsuits

3.  Louse spouses

4.  Unprotected assets

We work with our clients and very often with their other advisors and consultants, such as their tax attorneys or accountants, their insurance agents and financial advisors, to help ensure that all risks have been assessed, reviewed, and mitigated to the maximum extent possible.

We call this kind of comprehensive, integrated planning the “Ultimate Dress Rehearsal.” Watch this video to understand more about it:

 


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First

Managing the Threats That Could Affect Your Retirement

We integrate risk management assessment into a comprehensive life stewardship plan.

Two of the central tenets of our planning process are diversified construction of each client’s savings portfolio with risk management.

We believe that thinking and acting for the long-term is absolutely essential, and it is at the heart of our client service and savings portfolio stewardship process.

We expend considerable energy and time with our clients to help them transform their anxieties and fears into trust-driven behaviors and decision-making with their investments and savings. If we can help them think long term in their goals and develop the discipline of utilizing “time arbitrage” and wise risk management to their advantage, we believe we have served our clients well.

 

Our planning process and the software we use encompasses all of this. To see more, watch this video:

 

With a constant focus on risk management integrated with life stewardship goals, we consistently help our clients balance shifting short-term fears with longer-term needs and objectives. This helps our clients develop the discipline to stay on track and committed to their plans.

Clients who practice BRS’s planning fundamentals find that they have greater success in reaching their goals than those who act on their emotions or make frequent changes based on current events of the day and shifting tides in the markets.

We help our clients consistently integrate risk management with their planning goals. We have designed a savings, investment, and risk management approach that allows our clients to focus and leverage on the long-term, without allowing volatility and the inevitable drops and rises in the markets to interfere with our clients’ decision-making processes.


We at BRS believe stewardship is about relationships. Careers, reputation, financial stability, and personal goals are all important pursuits. However, none should come above our relationships with family, friends, and our community. Our relationships are the cornerstone by which we leave a positive impact and lasting legacy.

Put Relationships First