Had a couple walk in and being all of our requisite info etc. Worked through their financial plan and in the budget discovery phase found two things. I need help with how to fix it.
(continued below)

likehelpful
Posting as :
works at
You are currently posting as works at

You don't, they will be offended. Just explain factually they are creating a shortfall, and if they arrive at the conclusion on their own, good for them. If not, probably can't be helped.

likesmart

Not client material

likesmart

If you follow what the Bible says, you will bring a tithe to the church. This 10% of your income. Not whatever extra you have. They will not and should not adjust their beliefs to fit a financial plan. I promise you that they do not see this as a luxury giving. They will see it as Obedience. You should ask them about there beliefs and let them explain why it’s so important.

likesmart

You don’t and you shouldn’t. You lay out all the numbers and let them discover it for themselves. Don’t ever suggest against/question someone’s faith.

like

Some people are so poor and destitute, all they have is money. Everything honorable and good comes from above. We are commanded to be hilarious, cheerful givers. The Lord always provides for our needs. The Lord requires our first fruit. I admire their obedience to His will.

likeuplifting

I spent 11 years doing financial and logistical support in Central Europe for a missions organization. We got paid the same as everyone else in the non-profit organization. We tithed and invested. Because we made wise spending decisions there was enough to do both. Other people with two (like us) or fewer kids left the field in those years saying “they don’t pay us enough to survive here.” I don’t believe that two people with full-time employment in the USA can’t provide for a family and tithe. It all comes down to living within your means.

likesmart

1) they live paycheck to paycheck and are hardly able to have any excess from month to month.

2) they give 541 dollars to their very large church every month.

I am in the south east. Aka the Bible belt.

How do I suggest they stop giving money away to this medium sized mega church and pay down debt/save for retirement....?

helpfulfunny

At the risk of sounding like a preacher and not an fa, the Bible indicates that it is wise to save prov 21.20. in addition, prov 22 7 says it's wise to be out of debt. In addition, I don't see anywhere in scripture where borrowing so you can tithe, but isn't that what they are doing when they take on payments and then give to the church?

like

I’m sorry, but people actually believe this stuff? I’m very much a Christian, but common sense tells you that the Bible, which consists of stories told over hundreds of years through many people, is bound to have some self serving attributes to the story teller.... women must be obedient, tithe to the church... are you telling me that those things weren’t put in there to be able to have women do what you want, and so the church always has money? People couldn’t have mentally been all that different back then, and look at today... our politicians do it to us now. Back then it was the church. Now it’s Washington.

like

OP - You don’t. Giving is a priority for many true Christians. You failed to ask what’s most important to them. Everyone has different priorities and goals.

like

Do they have any assets? Sounds like they won’t be clients. If they work to 70 and take SSI then it could work?

like

You really just seem personally bitter they are giving to a church. Tell them to give 10% of gains, if they have a problem with that, suggest meeting with there pastor and have him tell them. As far as medical bills, what's the hurry? They are often 0% and can be paid in very low monthly payments. Lower there monthly payments. If they are low on money and income they can sometimes, be forgiven by the hospital.

like

You can’t!

like

Do they have a home or life insurance policies? If so, perhaps cut the tithing in half but endow assets after death. This way you honor their priority to give and improve their cash flow.

like

Suggest they find a way to make more money

like

I did not fail to ask them what is important to them because it is my job to understand it. They don't pay for much other than car, phone, regular utilities, and food. No cable/wifi etc. They live very frugal but have lower I comes. And they take that income and give a large chunk to their church instead of pay down their medical bills.

They want to retire but SS isn't gonna cover it. The only identifiable extra in their budget is their donations to the church.

Without knowing the situation, they need to accelerate paying off debt before they give and invest, and yes, they sound like the crappiest clients, but if you want to help them out, I hope your reward is great in heaven

Unfortunately you can’t help everyone. By no means am I knocking their religion, but people that short themselves but pay their church large amounts of money that they can’t afford, just aren’t going to be good for business.

$541 per month x 12 mos = $6500 annually

That implies their income is $65,000 or less.
The size of church is immaterial. Their obedience to God is material.

I’d echo much of what has been said here. You can’t help everyone and this sounds like a case where you tried but their situation doesn’t allow it. Once they get 3-6 months of expenses set aside in cash and their debt in check or receive an inheritance....then it’s game on.

How can you possibly make money from these folks?

Related Posts

How many years we need to spend to eligible for gratuity in infosys?
My DOJ in infy is may 2017.

like

Hello all, any idea on moving rupees to usd here? Large amount like by selling property in India...

Arey kidhr gaya mumbai ka spirit 🤣

like

I have 16 months of experience in ZS. Should I go for CAT?. Doing an MBA will add value?

Can anyone from UPMC share their experiences there? I'm looking to apply for a role in the UPMC enterprises translational team. Thanks!

like

Can anyone pleaae recommend some good PG near DI Blr office (Prestige Trade Tower)? Thanks!!

like

Can you PM me if you have any recommendations for a decent therapist in Dallas? TIA

like

Anyone interested in learning React? I have 8+ years exp on frontend. I'm planning to start an online training batch for React + Redux..

Best Marriott hotel and location to stay in NYC for a weekend? Looking to optimize for food, night life, and daytime exploring. Thinking Times Square but not sure.

like
like

How many days does Capgemini takes to reply back after asking documents for offer. They ain't replying 😞

like

Anyone nervous about their international flight getting cancelled?

like

I attended HCL interview for service desk analyst. Current Package is 3 LPA. I have 5.9 years of experience. But they offer me only 25
% hike. Please suggest can I join or negotiate for more.

Reasons to use Lexis over Westlaw?

like

Trying to decide what to get next for my garage gym. Here is what I have now. I’m thinking a plyo box set or something more cardio/athleticism focused. I want to work on my general coordination and athleticism to get ready for ski season. Thoughts?

Post Photo
likeuplifting

Hi everyone🙂

This is my first time posting on this app. I see here working professionals from almost all the big companies, so I would be really grateful if someone could help in switching from my current company.
I joined SoftwareONE as a fresher and it has been 2.4 years working here. I would be suitable for profiles like procurement Specialist, vendor management, customer portfolio management, operations and end to end customer account management (i.e. from RFQs to invoicing)

Thank you

like

“Why do you want to work here?” How do you answer this question early in the interview process? I get it often in the first round and what I really think is - “I don’t know yet, that’s why we’re talking! It’s a two way street.” But that obviously isn’t a good answer….

like

I am on FMLA before Christmas break and admin knows, but grades were due and my sub couldn't do it. However, the grading system which is new messed up my grades up but I am not allowed to do anything during my fmla school related. Praying I dont get in trouble when I get back in January. Was I in the right not to stress about it until I get back?

like

What are some changes you’ve made in your life that helped you better your mental health?

like

What’s the stupidest mistake you’ve made as a young lawyer?

like

Additional Posts in Financial Advisors

Married peeps, joint or separate checking accounts?

like

I feel like I can't do anything efficiently. My managers give me really simple tasks and it takes me 16+ hours to complete them. No one has made a comment but I feel SO SLOW. Any advice?

like

Does anyone have any idea how well RIA employees are paid? pecifically portfolio managers and analysts who actually run the money for the "lead advisor"

like

Hi! I have an interview for the role of financial consultant/financial planning and analysis @ computershare.. please share words of advise for me please... This is the highest role I have ever interview for.. I am currently a credit analyst! Any tips help. Thank you in advance.

like

Anyone using short term structured notes in an advisory account?

like

How do people have time to workout during the week? I work so many hours.

like

Any good book recommendations? Would prefer if applicable to the business or self development. But doesn’t have to be.

like

The only 5 people who have EVER asked me if I am a CFP... BTW I'm not... have been Millennials and gen-xers looking to start DCAing $250 a month into a Roth. Not 1 person of significant wealth. LOL

likefunny

Any tips for an introvert at a networking event? Find it hard to talk to people and keep a conversation going

like

I hate making mistakes and I'm so hard on myself and I can't stop crying about this thing that doesn't even matter!! I know we're not saving lives here so why does it feel like the end of the world

like

Happy day. Firing a client that is a time suck and emotional drain today. Life is already better.

likeupliftingsmart

Anyone else feel extremely sleepy once 2 pm hits? Any solutions apart from coffee?

like

What exactly do mean by cold calling? Who do I call? What do I say? I'm really untrained in this art.

like

What does a mental health day look like for you? Took one today & it was the best thing I’ve done for myself. Bonus Q: did you own up to it being a mental health day or did you go to “the dentist"

like

Can some of you experienced folk recommend some good books for rookies? What are your favorites for investment strategies, marketing, selling, etc.?

like

Just curious, what do you all think of WSJ? Do you think it’s worth the price? I’ve been a subscriber for several years but have been finding myself questioning its worth lately.

like

What benefits, perks, and other work life balance things would you like your firm to have in an ideal world?

Anyone have any suggestions on a RIA-Friendly custodian for 529 Plans? TD Ameritrade has an affiliation w the Nebraska Educational Savings Plan Trust (NEST). Has anyone had any experience with them?

like

Has anyone heard of, or tried using, the Paladin Registry?

like

Has anybody come up with a way to purge the words “like”and “you know” out of somebody’s speech patterns? I don’t want to be insulting, I truly want to help. It’s not a young person either

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal