Purpose-Driven Wealth with Joey Mure and Russ Morgan of Wealth Without Wall Street

[Steven Libman]

In this episode, we dive deep into purposeful investments with Joey Mure and Russ Morgan of Wealth Without Wall Street. Join us as Steven shares why aligning your investments with your core values is essential.

The heart behind Investing with Purpose

In business and entrepreneurship, company names could carry a profound message. They reflect a mission, a vision, or the values that drive the founders. Such as the creation of "Investing with Purpose." Below are the reasons behind this creation and the remarkable journey that led to it.

• ● The Why Behind the Investment: Investing with purpose, being Christian-owned and operated means more than just financial success - it's about giving abundantly to help grow the Kingdom, save souls, and spread the good news and love worldwide.
• ● The Journey of Giving: A journey started with a simple idea: to give 1% of the proceeds from their next deal. This initial step, taken with faith and purpose, grew over time. With each subsequent deal, the giving percentage increased, culminating in a remarkable 13% of company proceeds being given to charitable causes.

In conclusion, creating Investing with Purpose isn't just a name change. It represents a deep commitment to a higher purpose. It's a journey of aligning values with actions, of giving abundantly, and of making a positive impact on the world.

Importance of having core values and how to create them

In the hustle and bustle of modern life, it's easy to get caught up in the daily grind without reflecting on our guiding principles. However, having core values is like having a compass that helps us navigate the complexities of life. It provides us with the path fulfillment and alignment.

Here are some actionable steps on how to create your core values:

• ● Identify your core values: Consider people you deeply respect or admire, whether they are in your life or historical figures. What qualities in these individuals do you admire the most? Write down these qualities as they likely resonate with your own values.
• ● Choose your top value: After listing several qualities, narrow them down to five that resonate most with you. You may notice overlaps in qualities among the people you admire. These commonalities represent the aspects of yourself that align with your core values. By selecting these top values, you create a foundation for making decisions that are in harmony with your true self.
• ● Involve others in the process: For family core values, you and your spouse could work together to define what matters most to you. In a business setting, it's a team effort. Everyone in the organization participates in the process, providing input and perspectives. While the visionary may have the final say, the team's input is invaluable. It ensures that the core values are not just a poster on the wall but a living, breathing part of the organization's culture.

Remember that finding and living by your core values may be transformative. It's about aligning your life, investments, and actions with what truly matters to you for a more profound sense of fulfillment in all you do. So, take a moment to reflect on your core values and start living a life that is genuinely built right.

How can you be a good steward of your gifts?

In a world driven by financial pursuits and profit margins, stewardship often takes a back seat. However, a deeper understanding of stewardship emerged—one rooted in core values and a sense of purpose.

• ● Parable of the talents: The parable teaches that when entrusted with resources, it's not enough to preserve them. We must multiply them. Stewardship is about generating a return on investment, but it goes hand in hand with generosity.
• ● A balanced approach to wealth and purpose: Stewardship means multiplying resources while remaining generous.
• ● A multi-faceted approach to stewardship: Stewardship extends beyond managing money. It also involves stewarding the lives of tenants in their properties. They prioritize creating a sense of community and well-being, which aligns with their core values. For instance, they partner with organizations like Apartment Life to enhance the living experience for residents.
• ● Creating an eternal legacy: Stewardship isn't about choosing between leaving a financial legacy for your children and building a lasting legacy. It's about doing both.

Therefore, when aligned with core values, stewardship is a powerful force for positively impacting the world. By embracing this approach, you could live a life that reflects your beliefs and brings about meaningful change in the lives of others.

The impact of aligning your investments with your core values

Losing sight of our personal beliefs and values is easy in a profit-driven world. So, the decision to align your investments with your core values might be a profound and transformative one. We'll explore the impact of this alignment and why it matters.

• ● Creates an intersection of values and stewardship: This intersection is where your values guide your financial decisions and investments. The ultimate goal is to balance leaving a financial legacy for your family and building an eternal legacy through charitable giving.
• ● Leads to impactful giving: The real-world impact of charitable giving. The sheer numbers may sometimes obscure the life-changing stories behind them.
• ● Funding nonprofits: Evaluating investments not only for financial returns but also for their alignment with core values. They prioritize investing in companies that resonate with their worldview. It's about funding organizations doing meaningful work, even if they can't be directly involved.
• ● Investing with a Purpose: Many investors are beginning to realize that they could make a positive impact with their investments rather than inadvertently supporting causes they disagree with.

In summary, aligning investments with core values is more than just a financial strategy. It's a way to make a difference in the world by forming a legacy that reflects your beliefs and values while positively impacting the lives of others. This might be your decisive step towards a more fulfilling and purpose-driven financial journey.

Ways to align resources with values to make a positive impact

In a world filled with choices and opportunities, aligning our resources with our core values is increasingly important. Whether you're an individual, a business owner, or an investor, your impact on the world can be profound when it reflects what you truly believe in.

Here are several ways to align your resources with your values and create a lasting positive impact:

• ● Start a Family Donor Advised Fund: One powerful way to direct your giving towards causes that matter most to you is by starting a Family Donor Advised Fund (DAF). It's a giving strategy that allows you to contribute to a fund, receive an immediate tax write-off, and then recommend where that money should be donated.
• ● Involve your family in giving decisions: Engage your family, including your children, in giving. You could encourage them to share their ideas about where to allocate funds from the Family Donor Advised Fund. This may instill values of generosity in your children and encourage them to actively participate in causes they care about.
• ● Align business investments with your core values: As a business owner, assess your investments carefully. Do they align with your company's mission and your personal values? Do your assets support causes that matter to you? Regularly vet nonprofit organizations to guarantee alignment with your core values, ensuring your business's impact reflects your personal beliefs.
• ● Assess your investments: Take a closer look at your investments, whether in stocks, mutual funds, or other assets. Do they align with your core values?

Taking action to align your impact with your core values could be manageable. These practical steps help you integrate your values into your financial decisions and create a more meaningful and purposeful approach to your giving and investments. Remember, it's not just about making a difference - it's about making a difference that resonates with your heart and soul.