Discussion Board Instructions You are required to reply to 2


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Discussion Board Instructions You are required to reply to 2 other classmates’ threads. Each reply must be 200 words. ATTACHMENT PREVIEW Download attachment Discussion_Board_Instructions.docx DISCUSSION BOARD INSTRUCTIONS You are required to reply to 2 other classmates’ threads. Each reply must be 200 words. Each reply must be supported with at least 1 citation. All citations must be from current (published within the past 6 years), peer-reviewed, academic journals in the area of personal finance, not corporate finance (i.e., Journal of Financial Counseling and Planning, Journal of Personal Finance, etc.), and must be written using current APA format. Wikipedia, Investopedia, magazines, and newspapers are not considered peerreviewed, academic sources for this assignment. The information from your sources must be summarized in your own words, not direct quotes from the sources. Dana, Counsel meaning receiving wisdom and the question is should this wisdom come from some other source than God or a relative. It is clear that wisdom and or knowledge can come from many sources for example, “A wise man will hear, and will increase learning; and a man of understanding shall attain unto wise counsels” (Pr. 1:5). This passage from the Bible is somewhat broad in meaning; yet, it opens learning from other sources; thus, a person can now have knowledge in a specific subject; thus increasing wisdom. The passage of Matt. 25:14-30 is a great example for the financial planning process, because this passage is about a man and his servants. Yet, for the financial planning process we could say a man and is financial experts. The man gives his financial team each a level of responsibility with his property with the intent that each servant would increase the value of his property. The man is this passage and his financial team are ordinary people facilitating a business arrangement. The servants are acting as financial planners and working in a specific time frame with expected results; similarity, as an engagement letter. This process allow the experts to do their profession and the man to do his occupation; thus, each person in this working relationship is able to work in their own level of expertise. The best financial planners have over 10 years of work experience with certifications (Dalton and Langdon, 2014, pg. 17). According to Dalton and Langdon, there are different levels of expertise when it comes to financial planners. Hence, no different then the parable of the man and his servants. They were given a task of increasing the value of the man’s property and according to the parable most of the financial experts did exactly what the man expected. However, not all of the experts had an increase and; therefore, not giving the desire results the man was expecting. There is no shame in falling and or not producing and hoping that this expert will receive counsel from the professionals in his chosen profession and excel to be great. Kelly, Proverbs 19:20 says, “Listen to advise and accept instruction, and in the end you will be wise.” Obviously, we do not know everything. As instructed in this verse, we need to seek the advice of those who are more knowledgeable about a particular subject than we are. If we act on their instruction things will go well for us. In 2 Chronicles 25:7 a “man of God came to him (King Amaziah) and said, ‘O king, these troops from Israel must not march with you, for the Lord is not with Israel…” Unfortunately, the king did not listen to this Godly advice. The king was captured, part of the wall of Jerusalem was destroyed, all gold and silver in the temple were taken as well as the palace treasures and hostages. I think I am like many people when it comes to financial planning. I know it is important, but I had no idea how to do it. I know that retirement will be here before I know it and I am told that I need to have a large amount of money available to me. I knew I would not earn what I need if I put my money in a sa

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