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Money for Life: How You Can Create a Financial Plan for Life
By Stephen R. Bolt with W. Terry Whalin VFN Publishing, 2000, 256 pages Review by John Todd
This is the first book that I have read on financial planning in general. I found it to be helpful as a general book about investing and insurance. The main drive of the book is that one must have a purpose in life first. Money comes second to purpose. I have read other books from a Christian perspective so I have some feel for his religious background. His style is quite personal in that he talks about his personal experiences with his family and in sports. Bolt underwent a life-changing experience---a deepening of his relationship with Jesus Christ---as a result of the still-born birth of his first child. He received a deepened sense of serving Jesus Christ. He writes, "Truly the Holy Spirit has given me entrance to this kingdom." His purpose in life comes from that conversion experience. Everything in his life, including his work as a financial planner, has been filled with purpose because of Christ's loving act of salvation. Bolt recommends that people hire an independent financial planner to whom they would pay a regular fee. This should be someone who can recommend a wide variety of products, who shares their values, and whom they would enjoy working with. He writes for men and women of all ages. His own basic recommendations are to buy mutual funds and to investigate insurance, especially a variable universal life policy. Bolt describes himself as a "socially conservative" financial planner.
Because we are driven in life by purpose, all that we do needs to be in line
with our core values. To this end there are on-line web-sites that we can
check to make sure that our investments do not support Planned Parenthood,
abortion technologies, pornography, tobacco, same-gender sexual orientation
and any involvements which conflict with socially conservative values. He
does not mention the environment, the defense industry or the treatment of
workers. He mentions Planned Parenthood in a negative way several times.
Bolt contends that "socially liberal" investors are much more involved in
values-based investing than socially conservative investors. |
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