The NXR Podcast - August 12, 2026


THE SPECIAL - Why Children Are Assets, Not Liabilities (w⧸Joe Garrisi)

Topics
family economy children are assets legal tax avoidance
Hosted by
Joel Webbon Harrison Smith Antonio Griffith Dale Partridge Wewsley Todd Calvin Robinson
Mentioned
Caleb Hammer Joel Webin Jerry Springer Jesus Christ Jose Garza John Moody Stombergs Austin
American Glory - Religious Wars Are Coming — Build Christian Towns Now The Next Crusade - Professional Pollster Reveals the Numbers Killing Trump With Young Voters (w⧸Mark Mitchell)

Episode Stats


Length

58 minutes

Words per minute

161.89

Word count

9,482

Sentence count

255

Harmful content

Misogyny

5

sentences flagged

Toxicity

12

sentences flagged

Hate speech

29

sentences flagged


Transcript

Transcript generated with Whisper (turbo).
Misogyny classifications generated with MilaNLProc/bert-base-uncased-ear-misogyny .
Toxicity classifications generated with s-nlp/roberta_toxicity_classifier .
Hate speech classifications generated with facebook/roberta-hate-speech-dynabench-r4-target .
Topics generated with Qwen2.5-3B-Instruct.
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00 The modern view of children is that they're financial leeches.
00:00:04 You pay for their schooling and you pay for their sports and then you pay for their college
00:00:10 and then you pay for their wedding and then finally they're off the payroll and you can breathe.
00:00:17 No, in, you know, just a few generations ago, we had family businesses
00:00:21 and the children immediately were taught to be productive in the family business.
00:00:30 Radical Christian nationalist pastor, Joel Webben.
00:00:34 Joel Webben.
00:00:36 I'm going to talk about Joel Webben.
00:00:37 Joel Webben is an accident.
00:00:39 all right we are back with the third and final episode between myself and joe garracy from
00:01:03 backwards planning financial we're talking about how christians can be successful in building
00:01:08 generational wealth so that they can leave an inheritance to their children's children.
00:01:13 In this episode, right out of the gate, I wanted to start by mentioning an individual,
00:01:18 namely Caleb Hammer. Caleb Hammer does his weekly financial audit. This is a guy who does media
00:01:25 and podcasting. He's actually local in the greater Austin area. We're just north of Austin with NXR
00:01:32 Studios. And so he's in our backyard and you've probably seen, it's wildly popular. He gets a
00:01:38 ton of views where he's bringing in people who basically, you know, it's almost like the financial
00:01:48 version of Jerry Springer, right? He's bringing in different couples, you know, or individuals
00:01:53 every single week and going through their expenses and what is their income and how much debt do they
00:01:58 have, all these kinds of things. And every single episode, you know, is pretty much, wow, you're
00:02:04 stupid you know wow you're an idiot um and to be fair to caleb hammer the people that he is 1.00
00:02:09 bringing on the show they kind of are uh irresponsible uh foolish uh bad financial 1.00
00:02:17 planning bad spending habits bad budgeting all those kinds of things um he gives a lot of good
00:02:24 practical advice so we're not really going to be critiquing his financial advice in this episode
00:02:30 that we're basically doing the opposite of what we did in the first two episodes. In the first
00:02:34 two episodes, we talked about how there is an epidemic of people who are virtuous. They are
00:02:41 Christians, they are conservatives, they have families, they love children, they have multiple
00:02:46 children, and they're poor, right? That they have virtue, but spiritual maturity and Christian 0.96
00:02:54 character does not necessarily transfer automatically into financial savviness. It
00:03:02 doesn't necessarily translate to being able to build wealth. You can be a virtuous person and
00:03:08 still be financially foolish. Maybe you're doing all the basics, right? Living beneath your means 0.96
00:03:14 and trying to save and not being lavish in your spending. But that doesn't mean that you're wise
00:03:19 and strategic in your investing. It doesn't mean that you're going to be wealthy. Well, today I
00:03:24 kind of want to you know pick a little bit on Caleb Hammer his advice is actually from the
00:03:29 financial practical side is good advice the problem is the opposite of what we've addressed
00:03:35 virtuous people that don't understand financial investments well what Caleb Hammer is doing is
00:03:42 being someone who understands financial investments and financial practices but not a virtuous person
00:03:49 it's not just the guest he has on his show for this financial audit he himself is a progressive
00:03:56 when it comes to his character when it comes to his values he does not see it as being valuable
00:04:03 to have traditional families to have traditional values to seek to be fruitful multiply seeing
00:04:10 children as as a moral obligation for the good of the world and the glory of god seeing children as
00:04:17 a blessing. And so most of the people that he has on the show and even his own counsel to these
00:04:23 people is kind of avoiding children or holding off on having kids because children are a financial
00:04:31 burden. So that's what I want to talk to you, Joe, about in today's episode is what do we say
00:04:37 as Christians that, yeah, we want to get ahead financially. We want to be wise. We want to save.
00:04:43 we want to invest, we want to build wealth, and maybe you could do more of it by not having
00:04:49 children. But for us as Christians, opting out of children is not actually something that we
00:04:55 want to advocate for. We want to see people build wealth and also build the wealth that is their
00:05:01 family, that is the next generation, their legacy, their lineage, so that they actually have someone
00:05:07 to pass this wealth down to. So we're going to be talking about the financial mistakes,
00:05:13 that are killing large families, the avoidable financial decisions that turn children from a
00:05:19 blessing into a burden. So I'm going to give it to you just to begin giving some initial thoughts.
00:05:26 What are some of the pitfalls that people like us who are conservative, who are Christian,
00:05:31 who see children as a blessing, what are some of the mistakes that they're making in their
00:05:36 financial habits that are causing these children to be a financial liability instead of a blessing
00:05:45 great uh so the modern view of children is that they're financial leeches right and that you pay
00:05:55 for their schooling and you pay for their sports and then you pay for their college and then you
00:06:01 pay for their wedding and then finally they're off the payroll and you can breathe uh no in you
00:06:09 know just a few generations ago we had family businesses and the children immediately were
00:06:15 taught to be productive in the family business and there's i'm thinking of uh john moody who
00:06:24 started a coffee company specifically to teach his kids entrepreneurship. So we can actually
00:06:33 have them be productive members of the family instead of leeches. What can they do to help
00:06:38 grow the business, help grow the finances for the family? They are workers. Are you employing them
00:06:48 as laborers for the mission.
00:06:51 It's also a very unclear mission
00:06:53 for the father has for the family,
00:06:55 thinking long-term for their kids
00:06:58 and for the legacy and for the next generation,
00:07:01 thinking as a king is what he should be doing
00:07:05 instead of thinking as a dad in modern society.
00:07:08 Hey, I have my job.
00:07:10 I take my briefcase too, and I have my lunch,
00:07:12 and then I come home, and then I'm done.
00:07:14 And there's two different dynamics there going on.
00:07:17 Right.
00:07:17 Instead, so I was trying to brainstorm some ideas.
00:07:22 Imagine, even if you just have this W-2 job, right, which is common.
00:07:26 And so the dad goes off to labor and he goes and buys lunch or et cetera.
00:07:31 And what can that six-year-old do for dad?
00:07:35 Well, imagine the glory of that six-year-old gets up and makes dad's lunch and he gives it.
00:07:42 And so when dad eats lunch, he goes, this is what my six-year-old made for me today.
00:07:47 and then at the end when he comes home what's that six-year-old gonna do they're gonna jump up and
00:07:52 down say hey daddy what how did you enjoy the lunch i made for you the the joy that they're
00:07:58 gonna have helping him even in that two w-2 job so but they're thinking as a family instead of
00:08:04 thinking you know in two worlds here the family world and the work world we should have them be
00:08:11 merging together on that. So my wife works for me. She's an employee, okay? And that's because 1.00
00:08:18 she helps my mission to grow my business. Who am I going to trust more to make sure that work
00:08:26 gets done well and quality other than my own wife, other than my own family? That should be 0.81
00:08:32 the one working the hardest and most glorious is my own family for my mission. But so I have
00:08:41 been able to bring her under the fold and have her do that. So it's thinking of a family economy,
00:08:48 thinking of a long-term vision. Okay, what do we want this family and income for the family
00:08:55 and where the family lives five years from now and 50 years from now and a hundred years from now? 0.90
00:09:04 So I was having lunch just Sunday with some friends, the De Reuters, and we're having lunch
00:09:10 talking about, hey, they want to have their family together. Imagine the financial savings 0.98
00:09:17 of buying land, and so they can combine their finances and have houses on the land together.
00:09:27 Right? So when you look at finances together at multi-generational families, you can be more
00:09:33 efficient. The difficulty of the 18-year-old launching or the 22-year-old right out of
00:09:39 college launching and they don't have the money for a down payment and so they go and rent and
00:09:44 the first thing to do is well you have to have first month's rent and last month's rent and a
00:09:48 security deposit and this is thousands of dollars it's difficult for a young family to support that
00:09:55 rather if they were able to stay with loved ones for the beginning and save up money or if if even
00:10:03 have a down payment or have land to build on spoke to a member of your church that's building
00:10:09 a house because of an inheritance they were given, and they're able to use that to buy a house. What
00:10:15 a glorious thing that they're able to do is do that. So it's unfortunately a lack of long-term
00:10:22 foresight and desire to have long-term glory for the sake of current comfort. We live in America's
00:10:29 culture. The American dream is comfort, unfortunately, and the Bible doesn't talk 0.92
00:10:34 about, hey, you should work hard so you have comfort, right? And physical comfort. Physical
00:10:39 comfort is not a sin, but it's not the ultimate goal. That's where I see our problem is that we
00:10:46 have had that culture filter into our Christianity and that we focus our finances on what's comfortable
00:10:53 rather than what honors God. What does God say that we should be doing with our finances?
00:10:58 Let me ask you a question. Does the person who's managing your money actually share your values?
00:11:03 For most Christians, the answer is probably no. 0.78
00:11:07 Your retirement account is likely sitting with firms like Vanguard or BlackRock, companies
00:11:12 that don't share your worldview and certainly are not helping you build wealth with a distinctly
00:11:18 Christian vision for your family.
00:11:21 That's why I want to tell you about my friend Joe Garracy and the team at Backwards Planning
00:11:27 Financial.
00:11:28 Joe is one of us.
00:11:29 he understands that financial planning is not just about chasing returns. It's about stewarding what
00:11:36 God has entrusted to you. Whether it's investments, estate planning, tax strategy, insurance,
00:11:43 debt structure, or protecting your business and your family, they help Christians make wise
00:11:49 financial decisions that actually align with their convictions. You don't have to figure it all out
00:11:55 on your own. And you don't have to keep swimming upstream with advisors who don't share your
00:12:01 beliefs. So go to backwardsplanningfinancial.com, backwardsplanningfinancial.com, and you can
00:12:09 request a conversation with Joe and his team today. Again, that's backwardsplanningfinancial.com.
00:12:18 Right. That's super helpful. What does God say we should be doing with our finances? Also,
00:12:22 So at a foundational level, what does God say about who people are?
00:12:28 So as Christians, we think, all right, we need to have good theology, right?
00:12:32 That's the study of God himself.
00:12:33 Who is God, right?
00:12:35 What is his character?
00:12:36 What is his nature?
00:12:38 But then there's also anthropology.
00:12:39 And as Christians, we don't just look at the Bible and the word of God when it comes to
00:12:44 our theology, answering the question, who is God, but then move over to pop psychology
00:12:49 and the world humanism when it comes to understanding man we we go to the christian
00:12:54 source for both so we're going to look at the scripture in determining our theology who is god
00:12:59 we're going to look at the scripture likewise when it comes to determining our anthropology who is
00:13:03 man and that anthropology is almost equally as important to understanding god because it's it's
00:13:12 really understanding both and i mean this is part and parcel of even the core of our christian faith
00:13:18 namely the gospel of jesus christ you cannot appreciate the gospel by merely understanding
00:13:23 who god is you must also understand who man is because if you understand god even rightly
00:13:29 accurately that god is justice god is love god is thrice holy you know all these things that are
00:13:35 true about god but you get your anthropology wrong your understanding of man so if you think
00:13:40 god is thrice holy but man is pretty holy god is righteous man is kind of righteous god is just
00:13:45 and man is, you know, somewhat just, then you're going to say, okay, the chasm between God and man
00:13:49 is only yay big, and the cross of Jesus Christ, the bridges said chasm, is only so large. And so
00:13:57 you have actually a truncated, narrowed, minimized gospel, because it is the gospel, right, the work
00:14:05 of Jesus on the cross, the grace of God, that grace will be as large in your mind. Now, objectively,
00:14:12 the grace of god remains the same no matter what um but subjectively our perception our understanding
00:14:20 of god's grace is enlarged subjectively through our perspective based off of how accurately we
00:14:27 understand who god is coupled consequently with how accurately we understand who man is now a guy
00:14:35 like Caleb Hammer because he's not a Christian. He is a product of the world, the wokeity-woke 0.59
00:14:43 progressive world. Because of that, take aside his theology, which I have no doubt is atrocious,
00:14:49 he probably doesn't have really any thoughts about who God is whatsoever. And if he does,
00:14:53 it's probably some new agey, you know, cliche agnosticism. But I guarantee he has a view of man.
00:15:02 he has a view so maybe not a view of who god is but who people are what are people and i'm willing
00:15:11 to bet i i call it a disney anthropology i'm willing to bet that he has being a woke progressive
00:15:18 secular person he has a disney anthropology right a woke progressive secular company
00:15:24 disney disney anthropology i sum it up like this right there's the outward man man temporally
00:15:31 externally on the outside, and then man in the more eternal essence, internal. Who is man truly
00:15:42 on the inside, and who is man temporally, effectively on the outside, right? The Christian 1.00
00:15:48 doctrine teaches us that man externally is good. Now, this is what I mean by good. I don't mean
00:15:59 morally i mean that the doctrine of the imago dei that mankind is made in the image of god whether
00:16:06 he's a believer or an unbeliever whether he's christian or not all people are made in the image
00:16:11 of god and that coupled with the doctrine of common grace says that an atheist who internally
00:16:18 is totally depraved and and morally speaking on the inside is not only indifferent or neutral but
00:16:26 as romans chapter 8 says the mind of the sinful man is at war enmity hostile towards god's law
00:16:33 he cannot submit or does not submit to god's law nor can he he is unwilling and unable he must be
00:16:40 born again he must become a new creature in christ jesus a work of the holy spirit have a new heart
00:16:45 the heart of of stone replaced with a heart of flesh so internally biblical anthropology the
00:16:51 christian anthropology on the inside man is immoral he is hostile towards god on the outside
00:16:58 even unregenerate the non-christian man because he's made in the image of god and because of
00:17:04 common grace a man who is unregenerate and immoral internally can still be wildly productive
00:17:12 and even productive in good ways externally so you can have an atheist who hates god on the inside
00:17:20 making suspension bridges or curing cancer or a whole host of different things externally
00:17:27 so the christian anthropology and this is vital to understand for this episode the christian
00:17:32 anthropology is um even non-christian people are lowercase c creators god is the only capital c
00:17:42 creator who creates ex nihilo meaning out of nothing so god he speaks the word and by his
00:17:50 word that which was not comes into being right god says let there be light and there is light
00:17:58 so god is the only one who creates ex nihilo out of nothing capital c creator because he created us
00:18:05 and out of all creation we're the only ones that he created in his image we are lowercase c creators
00:18:12 now we don't create ex nihilo out of nothing but what god has enabled us to do is to create
00:18:19 and produce effectively and beautifully and wonderfully with the resources that he's baked
00:18:26 into the fabric of creation so us as lowercase c creators made in the image of god who is the
00:18:32 capital c creator we're able to take the resources in god's creation and produce and multiply whether
00:18:40 we're whether we love god or hate him even the person who hates god is able to multiply resources
00:18:47 So we as Christians with a Christian anthropology, a biblical anthropology, we believe on the outside, man is a creator and producer.
00:18:57 On the inside, man is totally depraved, immoral, and hostile towards God.
00:19:03 Disney anthropology, which is probably Caleb Hammer's anthropology, is the exact opposite.
00:19:09 Disney anthropology says on the inside, deep down, in your heart of hearts, you're a snowflake.
00:19:14 you're unique you're lovely you're pure you're beautiful and you just you just gotta let it go
00:19:22 let it go you know and and if i just let go of the restraints of society and tradition and my
00:19:29 parents then this beautiful butterfly will emerge from the cocoon and internally i'm gorgeous and
00:19:37 wonderful uh that's what disney says and then disney also with this worldly anthropology
00:19:43 view of man which caleb hammer has says inside you're beautiful outside what are people outside
00:19:51 they're not creators they're consumers they're not producers they're not uh assets they're
00:19:59 liabilities right this is why oh a global population it's too much uh people should 0.89
00:20:05 stop having kids dot dot dot fine print mainly just white people yeah should stop having kids 0.98
00:20:09 funny how that works right africans continue to be on usaid and we'll give them billions of dollars 0.99
00:20:15 so that they can each have 10 kids but you white guy you should probably stop having kids because
00:20:20 of the sun monster you know and environment etc etc etc guarantee you caleb hammer has this view
00:20:27 of man his anthropology all everyone's anthropology is twofold outside inside outside inside
00:20:33 biblical anthropology our anthropology outside because we're made in the image of god whether
00:20:38 you're a christian or not lowercase c creator producer multiplying resources yes right uh and
00:20:46 then inside apart from a work of the holy spirit totally depraved not just neutral and or indifferent 0.58
00:20:52 but at enmity hostile towards god the disney anthropology of caleb hammer exact opposite so 0.98
00:20:58 he looks at all these couples and most of them aren't even married it's two lesbian chicks you
00:21:03 or it's two gay guys or whatever or boyfriend and girlfriend who are cohabitating they come in
00:21:10 and he thinks of the question of children and he sees children merely as a financial liability
00:21:19 extra mouths to feed extra responsibility um downside no zero upside that's how he views it
00:21:30 which i don't blame him he's not a christian and this is how the world views children because it's
00:21:36 not just related to children it's how the world views humanity do you like to chew gum well
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00:22:38 dollars these guys are christian nationalists you should support them instead and the best part is 0.96
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00:22:50 to luxcoffee.co, not .com, .co, luxcoffee.co. Use promo code NXR15, NXR15 to get 15% off,
00:23:03 or you can use the link in the description below. The world thinks whether you're a little human
00:23:08 or a big human, whether you're five years old or 50, the world truly believes that human beings
00:23:14 are a net negative on the planet that they are a liability a parasite a leech a drain that is how
00:23:25 our world sees people and and so it it doesn't surprise me that he has the kind of counsel
00:23:33 that he has but this is absolutely incorrect the last thing i'd be remiss if i didn't say it i know
00:23:38 it's not exactly financial um but i'm laying the groundwork but this is a moral and political
00:23:44 implication of what i'm saying is the last one i'll use abortion so many people we have murdered
00:23:52 70 million babies in their mother's womb at least this doesn't even include the pill and all all
00:23:58 these other but 70 million just that we have counted in the last 50 years since roe roe v wade
00:24:06 and that's just in america i if we go global i mean it's it's probably billions but just in our
00:24:12 country just in the last half century 70 million children and although caleb hammer who i i can
00:24:20 just about guarantee is pro choice right not not saying that if he was here he'd say yes abort every
00:24:26 baby but i guarantee he would defend uh the right to choose well it's your choice to abort that baby
00:24:32 And I wouldn't be surprised. I haven't watched all of his episodes, but I wouldn't be surprised if there's at least one case where that's come up, where, you know, so-and-so is thinking about having children. He's either advising them not to, or so-and-so is even pregnant. And he's saying, well, you might want to think about whether or not you're going to continue that pregnancy, right?
00:24:54 um here's the deal with abortion it's like a caleb hammer uh disney anthropology our world
00:25:01 would say 70 million babies murdered well i'm not necessarily going to celebrate it
00:25:06 maybe i won't jump in down you know being ecstatic kind of i i kind of am but i just
00:25:11 i'm not going to show it i'm going to exercise some restraint but overall hey 70 million less
00:25:18 mouths to feed 7 million less this less that you know 70 70 million less people you know
00:25:24 taxing the ozone layer, you know, contributing to the sun monster and blah, blah, blah. Like
00:25:29 they kind of, if they're honest, they view it as a net positive. Whereas I look at that and I think
00:25:36 70 million people created in the image of God, who's to say whether or not one of these babies,
00:25:43 these 70 million in the last 50 years, would have been the person who grew up and cured cancer,
00:25:49 would have been the person who grew up and found um insane solutions for the entire global
00:25:56 environment right it would have solved this that like think of just elon musk first trillionaire
00:26:02 1.4 or so at the time of this recording trillion dollars uh i'm closer to being a billionaire than
00:26:09 elon musk yep and that's like it's like hey that's a good no what i'm what i'm saying is that he is
00:26:15 he has 400 billion more than being a billionaire and i'm still within one billion of being a
00:26:22 billionaire give or take so uh but my point is that's just one person is that an extraordinary
00:26:28 person yes a unique person but um i don't know maybe that one person maybe he's one out of i
00:26:34 don't know let's say 70 million what if in those 70 million babies murdered in their mother's womb
00:26:40 there would have been just one more elon musk who would have solved this problem this problem this 0.55
00:26:44 problem been able to lift entire nations up out of poverty so if you think of people as mouths
00:26:50 to feed rather than hands to serve and to create to make to produce then um you're just you're not
00:26:58 a christian you're not so a christian says whether the person is a believer or not because they're
00:27:04 made in the image of god because of common grace on the outside externally speaking people produce
00:27:10 and internally people need to get saved right disney anthropology on the outside uh people
00:27:18 are mean and systems and society hold you down and they're abusive and toxic and they are a drain on
00:27:26 gdp and they're a drain on resources and they're bad for the environment and blah blah blah blah 0.86
00:27:32 but on the inside snowflakes and beautiful and precious and and great um it's literally the
00:27:38 opposite of what the bible teaches and so for you and i taking what you said right here at the outset
00:27:44 of the episode um if we're christians and we claim to believe the bible then each and that doesn't
00:27:51 mean that there's no family planning that doesn't mean i'm knocking my wife up every second that i
00:27:56 possibly can hey you know you're nursing that two-month-old time to wean them right so that
00:28:01 you'll start to ovulate again so that we can have another child and have irish twins like i'm not
00:28:06 saying we're going for that. And if you have Irish twins, God bless you. That's great. The Lord
00:28:10 decides. But you can have some ethical forms of family planning and spacing children out in
00:28:18 reasonable ways. So I'm not saying you can't consider what's my income, what can we afford,
00:28:24 all those things. But on the whole, the big picture is as Christians, we believe that children
00:28:30 are assets we believe that children are a blessing children are a heritage from the lord
00:28:37 and blessed is the man whose quiver is full we believe psalm 127 we believe the word of god
00:28:43 and not just as some um some trite spiritual platitude yeah no we we literally believe it
00:28:51 i believe the word of god that when it says that children are a blessing i i don't think that
00:28:56 children are just an eternal blessing or a blessing in the 17th dimension a spiritual blessing i
00:29:02 believe that in every single regard including the practical the tangible the earthly and the
00:29:08 financial sense that children are a blessing and like any blessing any blessing in life whether it
00:29:16 be starting a business that company becomes a blessing is it a a net blessing immediately day
00:29:23 one yeah no no right so it's like my company's losing money for the first three years right
00:29:29 well uh come back check back in on me in 20 right this company is an immense blessing right and so
00:29:36 too with children children are initially in investment but the thing about investment
00:29:41 notice i said investment not liability the thing about investments is investments eventually pay
00:29:47 off right and the fact that some people's children are not ever paying off is is simply because they
00:29:55 have a boomer mentality which is a very novel very modern western idea that when the children
00:30:01 grow up exactly like you said and we're done you're on your own you're 18 kicking you out of
00:30:06 the house if you want to go to college you need to rack up debt i'm not giving you a dime you know 0.85
00:30:11 and we see the tiktok videos of boomers you know or gen xers you know celebrating uh dancing in 0.58
00:30:17 the kitchen you know because their son just turned 18 and now he's he's off of the payroll and it's
00:30:22 it's not only tragic and sad it's it's it's sin it's actually wicked it's a wicked attitude but
00:30:28 the reality is if i'm willing to say no you're always my child you you will always be my son
00:30:34 always be my daughter i am with you everything i have is yours like the father says to the
00:30:39 prodigal son right uh to his to his not to the prodigal son but the older brother son everything
00:30:43 I had was always yours. You have been living under this mentality that you've been a servant
00:30:49 in my household, in my estate. You have never been a servant. You have always been a son.
00:30:55 Everything I've ever had has always been yours. All you had to do is come and ask, and I would
00:31:01 help you along the way. I'm with you. I'm for you. You are attached to me. We're in this together.
00:31:07 Yes.
00:31:08 If I win, you win. If you win, I win, and vice versa. If you have that kind of mentality,
00:31:13 So children are negative financially if you have this boomer mentality, this modern novel idea that I'm going to pay to feed them and to house them and to clothe them for 18 years, and then they're going to be completely severed and completely autonomous, and therefore I don't have any more responsibility. 0.75
00:31:34 right you're trying to save yourself cash in a wicked selfish way but also um by doing so uh 0.75
00:31:40 yeah you're right that when he's 35 uh no wonder he doesn't come back around and say hey dad can
00:31:46 i help right or hey you know what instead of shipping you guys off to the glue factory now
00:31:51 that you're 70 years old uh why don't you come live with me and my wife and my family right but
00:31:56 why is he not inviting you back in now that he is well established and has resources because you
00:32:01 kicked him out and he's treating you the same way you treated him right but if if you viewed
00:32:07 children as as as always belonging to that family and viewing the family as a collective in a unit
00:32:15 where every one person wins everybody wins right and you treated them that way in young adulthood
00:32:20 and in their 20s and continue to partner with them it doesn't always mean handouts of cash but
00:32:25 counsel and advice and all and doing things together then children would not actually be
00:32:31 strictly a liability but actually an investment first 18 years of your their lives yeah you're
00:32:37 you're spending more money on them than you're getting yep but later in life you could hit the
00:32:42 jackpot you could absolutely it's like my goodness uh we only had five kids and i wish we had seven
00:32:49 because uh we'd be even richer look at the way that they're creating the way they're producing
00:32:54 the way they've brought us along into their endeavors we've all benefited together as an
00:32:59 extended family um that is the christian view and caleb hammer i'm afraid although he has some
00:33:06 decent practical advice for spending for debt for investing for these kinds of things he has decent
00:33:11 practical advice he does not have a biblical anthropology and so children never make their
00:33:17 into the equation and if they come up at all in the counsel he gives it's essentially um only
00:33:24 viewed through the lens of children being an added cost exactly no um i agree 100 yeah i knew you
00:33:33 would so what are some practical ways that people can in today's economy which is tough yes it is
00:33:40 tough to have a single income household because here's the thing about children um it's not just
00:33:44 that we have more mouths to feed but in terms of working outside of the home at least initially
00:33:49 when the children are young yes we have more mouths to feed and we have one pair of less hands
00:33:55 to work right because you're going from right you're newly married you're typically more often
00:34:00 than not uh newly married and you haven't had kids yet you're going from two people working right
00:34:06 and two mouths to feed and then you have kids and you go to one person working yeah so half the
00:34:13 labor and more people that need stuff, right? And so what is some of your practical advice
00:34:22 to young Christians who are saying, I want to be financially wise, I want to build generational
00:34:31 wealth, but one of the implications of generational wealth is there's actually going to be a next
00:34:37 generation for me to pass it down to. What do you say to them?
00:34:40 so there's not one universal for everyone because everyone's starting from a different place so
00:34:47 let's talk about different starting places and what are the different things that they can do
00:34:50 at different places so what unfortunately a lot of people are missing is that help from the previous
00:34:56 generation our parents to help going and so therefore we're starting from scratch okay i
00:35:02 started with massive student loans myself and so how do you do this um how did i do this i did this 0.99
00:35:10 by living at stupid poverty level 1.00
00:35:14 and working a stupid amount. 1.00
00:35:17 That's what I did to accomplish this, okay? 0.98
00:35:20 My story's not ready for everybody.
00:35:22 That's not where I'm trying to go.
00:35:25 I'm thinking of a family that I know up in Minnesota
00:35:28 where the husband is a pastor and the wife stays at home.
00:35:32 I think they have six kids.
00:35:35 This is the Stombergs, they have a podcast.
00:35:37 but they do massive bulk food where they're buying bulk foods or raising bulk foods and
00:35:46 canning bulk foods and they're teaching their kids to actually do all the work to grow this
00:35:52 and save it for long term. The tiny little income that they have for the six kids is amazing that
00:36:00 they're able to accomplish what they do. So there is a uncomfortable way to accomplish goals in life
00:36:10 and most breakthroughs are accomplished through pain. Nobody likes pain. No one likes it.
00:36:18 But the necessity of invention comes typically through pain. So from, hey, we need food or,
00:36:28 hey we're gonna do work to accomplish this or hey we need the kids to go and create labor in a job
00:36:38 to raise money or we're gonna take on a second job there's no one size fits everyone because we
00:36:43 have different rural or urban situations that we're living in there's not just one thing that
00:36:50 a family can do unfortunately um if there's at any way possible that they have another generation
00:36:56 that can help them out um that is it sometimes what i have seen is that the they need to actually
00:37:03 ask their boomer parents and or gen x parents or uncles and aunts they are sitting there waiting
00:37:13 to help but they're waiting for the ask which which to me is kind of bizarre like shouldn't
00:37:18 the older member saying, hey, look, this is how we can help. Let us move close to you so we can
00:37:26 watch those kids so you can be freed up for more labor. That's actually the biblical model is
00:37:31 helping physically the next generation. This is why having kids young is important,
00:37:38 is so that the grandparents have energy. They still have vitality. Yes, right. 70-year-old
00:37:44 grandparents can't help four-year-olds yeah can't handle it right so so if you have kids young
00:37:50 right when first born having children you will be able to be grandparents to them and but you
00:37:57 have to be thinking long term and that's not the situation we have right now in our culture we've
00:38:03 had massive gaps in ages before kids we're having that a lot people are waiting to getting married
00:38:10 till their late 20s and then having a couple kids.
00:38:14 So we have this perpetual large age gap.
00:38:17 That's a problem.
00:38:18 Well, we need to have that different 1.00
00:38:19 in our Christian culture, 0.95
00:38:21 but we need help to accomplish that.
00:38:24 What we need are wealthy folks in our church
00:38:27 helping that, surrogate parents.
00:38:30 We have a lot of first-generational parents
00:38:32 or a lot of young folks
00:38:34 that have their parents unwilling to help.
00:38:38 The wealthy folks,
00:38:40 and there are wealthy folks in Christian churches.
00:38:43 They need to be willing to be surrogate parents
00:38:46 financially to these young folks.
00:38:48 You can provide jobs.
00:38:49 This is what we talked about earlier,
00:38:51 the glory of providing jobs for them that pay well,
00:38:55 that give them an opportunity to make unlimited money.
00:38:58 You want more money?
00:38:59 If you work more, you will make a direct increase
00:39:02 in proportion to your income based on your work.
00:39:04 What a glorious opportunity to give a father,
00:39:06 say, look, yep, you're starting off hard
00:39:09 and i'll give you a direct increase just work hard go get it yeah that's good um so um we can
00:39:15 provide that business owners can provide that opportunity um we can provide money in loans
00:39:21 right you talked about on sunday we it is absolutely reasonable and honorable to be
00:39:28 providing loans right could we those that have money offer loans internally at our own detriment
00:39:36 Yes, we could offer that.
00:39:38 If God has provided us funds,
00:39:40 why not take the risk and provide loans
00:39:43 at a detrimental interest rate?
00:39:46 It's not something you have to do
00:39:47 and you want to do it and et cetera,
00:39:49 but it's something we can help these young generations.
00:39:53 Yeah, we're not just talking about strangers,
00:39:54 but for family, it's like, okay, we're doing really well.
00:39:59 We actually don't have to make a return on this,
00:40:01 but this money would be life-changing.
00:40:05 yes right for for my son and daughter-in-law um at this stage of their life at 30 years old
00:40:12 um and so maybe we can't afford to give it but uh but maybe we can afford to loan it without
00:40:18 interest right you know right or loan it at a low interest yes um or even at the normal interest
00:40:26 but they they wouldn't get approved but we but we can do it like in all those ways um you are
00:40:33 providing an advantage yes um to your your children that's going to directly benefit your
00:40:39 own grandchildren why wouldn't that be right to consideration uh here's here's one question that
00:40:45 i think is really important maybe we could even just spend the rest of our time on this we're
00:40:49 getting near the end of the episode but it's important how can parents christian parents help
00:40:53 adult children launch successfully uh but also without creating dependency right i think that's
00:41:01 what a lot of people struggle with now i i think that you know people give in to their own
00:41:05 selfishness and their own stinginess and and they'll they'll cope right they'll use well i
00:41:12 don't um like it meaning it's it's not honest they're not being honest it's like i don't want
00:41:17 to create codependency or whatever you know with my adult child so i'm not going to give them
00:41:22 anything you know or my dad didn't give me anything and i had to learn the hard way and so
00:41:26 he's going to learn too like i mean you have billionaires you know uh heads of companies
00:41:32 who are like yeah we uh our children are not in the will or we're going to give each of them you
00:41:36 know 150 bucks and the rest is going to go to charity because because we want to teach them a
00:41:41 lesson right so um i i think that that that mentality that a lot of boomers actually have
00:41:47 sadly uh well i just uh the inheritance that i'm leaving for my adult children is uh is the school
00:41:54 of hard knocks right learning learning the hard way getting their teeth kicked in you know
00:41:59 financially um i think that that's wrong yes but to be fair on the flip side um i i think that you
00:42:07 know there is some kind of mitigating principle like there is a way of just having the trust fund
00:42:12 baby who never gets a job who never learns responsibility so so obviously there's got to
00:42:18 be some kind of happy medium sure how can um how can those seasoned saints the older generation
00:42:25 help their adult children to ensure that they get ahead but also ensure that their that their
00:42:34 financial aid that their help isn't um taken advantage of so that it actually puts them
00:42:40 behind because it instills bad lessons of entitlement and so on and so forth so there's
00:42:46 a principle in finance at both the family level, at the national level, there's a principle that
00:42:53 absolutely applies here. And that is reward what you want to continue and tax what you don't.
00:43:02 So if you see the young man, the young man and wife with children, this young single,
00:43:09 you see them working hard okay you see them doing the uh god honoring labor that's the person that
00:43:20 you can infuse money to and and you can give them a little and see what they do and if they treat it
00:43:27 honorably and then you support more and then you can support more like you can this doesn't have
00:43:32 to be here's five hundred thousand or nothing right you can start with well you know what i'll
00:43:38 make the next three car payments for you right and what do they do with the difference watch them
00:43:44 oh you went out to a movie and vacations and took an extra trip yep you you're gonna not get more
00:43:51 because you're not being honorable with the gift you know are they willing to hear that okay the
00:43:57 young the young man and woman need to be willing to say hey you weren't being wise here i want to
00:44:02 help you but i'm but i'm hesitant because you're not being wise with your own money right and then
00:44:08 hopefully they learn from this and you give them more as some help and some more and it can be an
00:44:14 increasing because some people who are young most people are young can't handle large amounts of
00:44:21 money right they can't handle the load the heaviness of that amount of fruit to be wise
00:44:26 so you trickle it over to them you can help them with the down payment on the house or maybe it's
00:44:32 5,000 of the down payment on the house and see what they do. But that should not start when
00:44:38 they're adults. It could be because you're just learning this now. You should start this when
00:44:42 they're young little kids, right? But some people are not little kids now. And we have folks that
00:44:48 are 65 and 70. How do I help the younger generation now? How do I make a difference?
00:44:54 Well, you can have an education. Okay. Son, daughter, grandson, et cetera. We would like to
00:45:00 pass on money but this is what we would prefer to use it for for long-term growth and this is how
00:45:08 we suggest you do it right and see if they do that now what what's most likely is going to say
00:45:15 hey let's pay off your four percent house which is not the greatest use of money see the other
00:45:19 podcast that we just did um but if that's what the grandparents want to do it'll still be a help
00:45:25 it'll be a slower help for the multi-generations but take it and have gratitude for that you know
00:45:31 show gratitude for the small amounts and if it's a loan work hard and repay that loan they'll
00:45:37 likely start sending gifts if you have a loan and you repay it yeah so the older generation can start
00:45:45 small and grow should be willing to do so right away and offer that help hey i see you fighting
00:45:52 you know can I be helpful or are you open to some help and where would be the best place to deploy
00:46:00 it and help them strategize help that young couple hey you know where do you want to be 30 years from
00:46:07 now do you want to have two kids or do you want to have seven and do you need a young father do you
00:46:14 need some tooling to re-change your trajectory because you got into a low trajectory industry
00:46:21 maybe we can help you finance that trajectory change right like so if you're thinking of
00:46:28 your family long term in the gloriness that you can provide if you're doing wise with your own
00:46:34 money there's all kinds of tax strategies that can be helped how about educating them on taxes
00:46:40 okay most generations i find the biggest hole biggest one of the biggest hole is being efficient
00:46:49 and not paying taxes they don't need to this is called legal tax avoidance i'm not talking about
00:46:55 tax fraud there's a drastic difference but tax avoidance is legal and we're actually called to
00:47:02 do it we're called to be shrewd that means not giving money to this evil government that's
00:47:07 supporting things that are against our beliefs let's limit the amount based on the rules they've
00:47:13 given us to reduce. Let's pass on that generational knowledge. Let's have conferences
00:47:20 on do that. Let's learn about these things, about how to tithe or how to flow income into the family
00:47:29 if you're a business owner. One of the businesses I recently took over from another financial advisor
00:47:34 was the husband and wife were both employees. They had 20 employees in total. Husband and wife
00:47:39 were being paid the same and i was like that's inefficient they wanted to have a retirement plan
00:47:46 for have both to contribute they were making roughly 200 000 each and and i said well you're 0.87
00:47:51 already an s corp correct yes take three quarters of the wife's income put it underneath the husband
00:47:59 have it as k1 and then you don't pay self-employment tax on that which you are paying 0.99
00:48:05 self-employment tax now on that money still going to go to the family by just flowing it different
00:48:11 you'll reduce the taxes so understanding how money flows that can be passed on from one generation to
00:48:17 the next how about how about the grandparents bringing on and taking time and hiring the kids
00:48:24 if you have a business owner hire the grandkids that's a wonderful thing you can do because one
00:48:30 you can give some relief because those young kids have energy and parents need relief right you can
00:48:35 take time off of the parents and give them relief and you can hire them and you can teach them the
00:48:40 principles because grandparents should be involved in the lives of those grandchildren. It's a
00:48:45 glorious blessing. Grandkids love being with grandparents, right? It's somebody different.
00:48:51 It's not mom and dad. It's different that provide love for them, but that love doesn't just need to
00:48:56 be emotional. They can teach them how to work. They can teach them how to run money. They can
00:49:02 teach them about taxes they can teach them about growth what are those skills that you want passed
00:49:08 on right and then support that with money right right it's not just money to buy candy and toys
00:49:14 we don't need more candy and toys right what we need is more growth mindsets at all generation
00:49:20 and working together as a family unit that's what real love is if you're looking at love for the
00:49:26 next generations well what do you want them to know about life that you have now okay so that's
00:49:35 that's the love of thinking generationally with your money and thinking generationally with your
00:49:41 skills and generationally with your time we're not just here for comfort and and enjoyment of
00:49:49 god's creation which is an honoring thing to god but we also are called to think in how to grow
00:49:54 long term right that's what i want love uh people to be able to do um also and then thinking of the
00:50:01 gentleman and i just brain farted his name earlier that you're mentioning with the podcast
00:50:05 um that the financial podcast oh yeah caleb hammer thank you um he's bringing on folks about
00:50:13 finances but he's doing the finances in a twist of a god-honoring way if i may talk a little bit
00:50:19 about this craziness that my life had recently.
00:50:23 And that is actually switching
00:50:27 from one financial company to a next
00:50:29 so that we could honor God with our company
00:50:33 and honor God with our finances,
00:50:34 which we were restricted in doing.
00:50:37 We had a values disalignment that happened.
00:50:39 When I started originally in this industry,
00:50:42 we were actually at a company that prayed in Jesus' name
00:50:45 at every single level,
00:50:47 at the large company level of tens of thousands of people
00:50:50 and at the small level of 20 people.
00:50:54 They had, and this is why I joined them
00:50:56 besides being an excellent firm.
00:50:58 But now in the month of June,
00:51:01 the entire corporate headquarters is lined up in rainbows
00:51:04 and they are proud of the fact
00:51:07 that they are one of the most respected
00:51:09 and open companies to hire the LGBT crowd.
00:51:17 Hmm. Totally different switch. And so we moved, this was as a few months ago, we moved and now
00:51:24 we have a suite of tools for those of our clients that want it, that actually will invest money
00:51:31 based on God's principles. We are desiring purposeful to eliminate the porn and the LGBT 1.00
00:51:38 and those unbiblical, horrible things out of someone's portfolio. So we don't make money on 1.00
00:51:44 those right and then we're voting this is one i think things people miss a lot we're voting the
00:51:50 shares based on god's principles what vanguard and blackrock are doing in state street is they're
00:51:57 actually voting by proxy when you buy their etfs and their mutual funds you're giving your right
00:52:04 to vote to them you're they're voting by proxy in the communists we are taking over that power
00:52:11 and say, no, we're going to vote based on God's principles.
00:52:15 And then we're doing corporate outreach.
00:52:18 We're using that power to go to market and not just be passive by voting,
00:52:23 but reaching out to these companies. 0.92
00:52:24 Like recently, Walmart was going to bring transvestite surgeries
00:52:29 as a medical benefit to their employees' kids. 0.97
00:52:32 And we said, hey, we don't like that.
00:52:35 And because we have enough power, they took that away.
00:52:38 Wow.
00:52:38 we we're able to have costco pull abortion drugs off of their shelves so we are reaching out to
00:52:46 take dominion for christ on every aspect of finance in the world and we're doing that because
00:52:52 we have a lot of clients and we're using their combined finances to go to market with power
00:52:57 if you go to market by your own self you're not gonna have enough power right so that's the whole
00:53:03 sleeve of tools we are bringing to our clients look do you want to take dominion you want to
00:53:08 take dominion in wall street and in main street well we will help you use your money powerfully
00:53:14 in this way this is one of the major reasons why we change so now we can continue supporting
00:53:19 organizations like nxr like new christian press like we desire to use profit to support christian
00:53:28 organizations promote themselves and grow and have their own power in their industries that's
00:53:32 incredible um so right here at the end um i want to highly recommend and commend you as someone
00:53:41 that our listeners should consider working with thank you um i know that you're very busy and
00:53:46 have very many clients but um i know at the same time that you want to help uh the type of person
00:53:52 who listens to nxr yeah young men who are ambitious who are trying to get ahead and you specialize
00:53:59 not only in investment strategy and building wealth,
00:54:03 but also, like you mentioned briefly a moment ago,
00:54:05 legal tax avoidance, right?
00:54:08 Not tax fraud, but legal tax avoidance
00:54:10 to help guys who are losing thousands
00:54:13 or even tens of thousands of dollars
00:54:15 on a wicked government that hates you
00:54:16 and is promoting all the things
00:54:19 that we would stand against.
00:54:21 And lo and behold, the tax book is 14,000 pages long,
00:54:25 but you know some of the tricks of the trade
00:54:27 to legally get them their own hard-earned money
00:54:31 where they can keep it
00:54:32 and not be supporting this behemoth
00:54:34 that's doing all this destruction.
00:54:37 So what do people do?
00:54:38 Where do they go if they want to use you
00:54:41 as a financial advisor?
00:54:42 Sure.
00:54:42 Website is the easiest place to start.
00:54:45 That's backwardsplanningfinancial.com.
00:54:49 Okay, backwardsplanningfinancial, all spelled out.
00:54:52 No spaces, no periods, et cetera, .com.
00:54:55 You'll see my team.
00:54:56 there's a way to just hey contact me we'd like to have a conversation initial conversations don't
00:55:01 cost right just having hey where are you what are you trying to accomplish etc and then hey do we
00:55:08 work well together right we have a have to have a meeting of the minds type tour because i'm not
00:55:13 right for everybody and i'm fine for that right i have team members also for different stages of
00:55:18 people's wealth like i enjoy the complex the wealthier someone is the more complex the more
00:55:23 things we can do the more thing the more uh investments we get involved in both the private
00:55:29 and the public investment world okay so there's sec requirements at accredited uh investor
00:55:36 qualified client and qualified purchaser to have different levels of sophisticated investments that
00:55:42 we do for clients um helping business owners flow money through is something we enjoy and helping
00:55:49 the those that are charitable gifting okay to their church and to other charities how to accomplish
00:55:56 that in the most efficient way there's lots of different ones they're also age dependent and
00:56:00 wealth dependent and home ownership dependent there's lots of different aspects of how to
00:56:05 accomplish that um i have also young advisor that helps with young families um we have multiple
00:56:12 staff members to help people at different stages we work across the country they need to be a
00:56:18 resident of the u.s that's the main thing that they have to be we're sec regulated so it doesn't
00:56:24 matter what state yes we have alaska and hawaii and florida and new york and everywhere across
00:56:29 the country kinds come to us um you can also my phone number's on there 615-767-255 uh it's my
00:56:37 direct number you can give me a call i answer my phone right have a short conversation with you to
00:56:42 see how we can be helpful um so really we're trying to help families of all stages where
00:56:48 we love having competition hey if you already have another financial advisor but you're open
00:56:52 for a look let's go um it's not often i have i can't remember the last time that i found someone
00:57:00 that had a more efficient robust qualified plan than what we provide and it's because we're
00:57:07 Christians. So we should be outstanding and excellent in our profession. And that's one of
00:57:13 my passions. And that's why I'm always learning. I'm bugging other people. Hey, if you know more
00:57:18 than me in a subject, then I'm going to bug you and learn what you know, because I want to
00:57:22 incorporate that and bring strategies into my clients. Right. Backwardsplanningfinancial.com.
00:57:28 Yes. Awesome. Joe, thank you. Thank you. Everything we do here at NXR Studios is simply
00:57:33 one part of a three-pronged approach to winning America for Christ. On the ground, we have our
00:57:40 local church, where I preach the Bible and administer word and sacrament. Here at NXR
00:57:46 Studios, we focus on politics and culture. But we have a third organization that I am the president
00:57:52 of, Right Response Ministries, that sits between the church and NXR Studios. Right Response Ministries
00:58:00 puts out weekly written and audio content
00:58:03 focused on theology, discipleship, and the church at large.
00:58:08 If you'd like to support what we do over there,
00:58:11 Right Response Ministries is a 501c3 charitable organization
00:58:15 and your donation of any amount is tax deductible.
00:58:20 If you'd like to donate,
00:58:21 you can simply go to rightresponseministries.com
00:58:25 forward slash donate.
00:58:27 Again, that's rightresponseministries.com forward slash donate.
00:58:32 Thank you very much.