Tools of the Trade: Investing From Your Phone

WEBVTT

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Hey there, and welcome to Faith in Finance, where

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your values and your financial vision come together.

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I'm your host, Geil Thompson, Registered Rep

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for Joseph Eden Capital, a sister firm of Joseph

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Wealth Management. Every week, I'll be walking

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with you through the tools, truths, and strategies

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that help you build wealth with purpose, clarity,

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and peace. Because your money isn't just about

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what you have. It's about what you're building.

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Let's get started. If you've ever said. I want

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to invest, but I don't know where to start, this

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episode is for you. Because here's the truth.

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If you have a phone, you already have what you

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need to begin. Today, we're going to walk through

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simple tools, practical steps, and a kingdom

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perspective to help you get started with investing

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right from your phone. Let's begin with the most

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common question I hear. Where do I begin? Here

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are some of the most beginner -friendly platforms

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that you can download and use today. You have

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companies like Vanguard that are great for long

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-term investors who want low -cost index funds.

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Fidelity, easy to use with tons of research tools.

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Charles Schwab, clean layout and strong customer

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support. And as a matter of fact, it's the very

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platform that Joseph Wealth Management uses to

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manage many of our clients. Robin Hood, mobile

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first. Let's say that mobile first and simple

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to navigate, especially for hands on learners.

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Each of these platforms let you open accounts

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like a brokerage account for general investing,

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a Roth IRA or traditional IRA for retirement

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and custodial accounts. If you're thinking about

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investing for your children or even your grandchildren,

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because remember, we think about legacy. Not

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just what we're building for ourselves and today,

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but for future generations. And yes, you can

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do all of this from your phone. Listen, it takes

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less than 20 minutes for you to open these apps,

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complete the application process, and get started.

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This is about access, and access changes everything.

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So what do you actually need to open an account?

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Well, I have a quick checklist that I want to

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run down for you. Primarily, we need your name,

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address, social security number, your bank account

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information, because ultimately you'll use this

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in order to fund your investment account. And

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most importantly, I'll say this again, most importantly,

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I want you to have a goal. What is your reason

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for opening the investment account? Is it retirement?

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Do you need to maybe purchase a home in the future?

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Is it for your children's education? Or maybe

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you're thinking about generational wealth. Once

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your account is open, here's what you can do.

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And this is really what I want you to do. I want

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you to first start with setting up automatic

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contributions. I need you to let this become

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a new habit for you. Every time you get paid

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or every time you can maybe set it for once a

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month, I want you to contribute towards your

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retirement account or contribute towards your

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investment account. You can choose from stocks,

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ETFs, or even index funds. Track your progress

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right from your phone, anytime, anywhere. And

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for those of you, because I know you're new to

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the market, I do want you to know, because we're

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located here in Chicago, that the market is open

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from 8 .30 a .m. to 3 p .m. Central Standard

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Time. Now, you can convert that to whatever time

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zone you're in so that you get an idea of how

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the market is moving and when it's open. But

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this is more than just opening an account. This

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is building confidence. It's building consistency.

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And I want to say it's about building legacy.

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It's not just access. It's about empowerment.

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You can empower yourself. You don't have to wait

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for someone to tell you what to do. You have

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a phone. Use it. Now maybe you're thinking, Jill,

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I am not ready to pick my own investments yet.

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And I hear you. That can be quite intimidating.

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And if you haven't done so already, you can check

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out. There's two episodes that we've done that

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show you how to pick the right investments for

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yourself, whether it be a stock, whether it be

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a mutual fund. Because guess what? We have a

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4P process that we use in Joseph Wealth Management

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that I want you to master. So check out our previous

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episodes so that you can pick stocks that are

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best for you. Listen. I hear all your thoughts

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because guess what? I was there. But the good

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news is there are apps that do the work for you.

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Let me introduce them to you. Betterment. You

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can literally use Betterment to set your goals,

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connect your bank and invest based on your own

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risk level. Yes, everything has some risk, but

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we have to identify what your risk level is.

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Then they have apps like Acorns, which rounds

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up your purchase power. So every time you purchase

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or swipe from your card, let's say you purchase

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something for $8 .41, they round up the additional

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59 cents into your Acorn account for use of investment

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purposes. Use that spare change. Don't let it

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come back into your account. Use it to go into

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your investment account. These apps are great

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for people who want to set it. and forget it.

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However, if there is a budgeting issue that you're

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experiencing right now, and that's more so of

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the bigger challenge as to why you're not getting

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started, there are a couple apps I want you to

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consider. YNAB, which is you need a budget, excuse

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me, and then we have EveryDollar, which is created

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by Dave Ramsey. They help you see where your

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money is going, so you can free up dollars to

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invest. Listen, the Bible says no one counts,

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doesn't count the cost before they go to war.

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So sometimes we do need to start with a budget

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because if you're figuring out, hey, I don't

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have the capital, the budget will help you see

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where you can cut some costs. You don't have

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to be hands on to be financially faithful. Sometimes

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it's just about building a new habit, exercising

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a new muscle. And so right now we're going to

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learn a new muscle called investing. And let's

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bring it back to the word. Luke 16 and 10 says,

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whoever is faithful with little will also be

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faithful with much. Let's pause right here. If

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you've got a smartphone, you're already holding

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more access than generations before us ever had.

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There's really no excuse. That's not just a convenience.

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That's about stewardship. You have the ability

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to align your finances with your faith and allow

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God to be in the midst of it to take you to the

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next level. And what God puts in your hand, he

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expects you to manage it with wisdom. It's not

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a question. You have to do it. You don't have

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to wait until you have more money, more time

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or even more confidence. You can start today

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right where you are. That phone in your hand.

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If you're using a phone right now to watch me,

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it's not just for distraction purposes. Yes,

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we've consumed ourselves and we live in a world

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where we're consumed with social media. OK, but

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it goes beyond just being used for distraction.

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It's a tool for transformation, a portal to purpose.

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Let's make sure we use it well. But before we

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end, you know how I am. I always like to give

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you a challenge. This is what I want you to do.

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Number one, download one investing app. Even

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if you don't have the funds for it yet, I still

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want you to do it because it's an act of faith.

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As you download the app and you believe that

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you'll actually begin investing, trust me, God

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says he'll open up windows of heaven and pour

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you out blessings that you won't have room enough

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to receive. Number two, open a free account and

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explore the dashboard. Don't get intimidated.

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Most times if you look through these apps, they

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have educational aspects or parts or portions

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where you can click, and they'll even educate

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you how to use the app, where to go and create

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your watch list so that you can put your stocks

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in there, or even the mutual funds that you want

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to look at. They also have educational places

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or portions within the app where they'll teach

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you about what investing looks like. Number three.

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Learn the language. Familiarize yourself with

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investing terms. We use words all the time like

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capital. We use terms like 52 -week average.

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We use terms like volatility and volume. Don't

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run away or shy from these words. These are investment

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terms that you should embrace because as we bring

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on more speakers or even as you continue to keep

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watching me, I want you to be ready to be a great

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investor. Because here's the truth. Familiarity

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builds confidence and confidence builds action.

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You don't need to be perfect. You just need to

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begin. This is where your faith moves. So if

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you're ready to turn access into action, let's

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build your plan together. You can always feel

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free to visit josephwealthmanagement .com or

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call us at 800 -807 - to schedule your free consultation.

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But again, for those of you who are just getting

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started, Joseph Wealth Management uses Charles

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Schwab on a consistent basis to manage much of

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our clients' money. And it's a great place for

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you to start. Open your account today. And if

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you feel at all unsure, uncertain, give us a

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call and we can assist you. Let's turn your phone

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into a financial engine. and build by faith.

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Until next time, I'm Jill Thompson reminding

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you that with faith and strategy, your future

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is already in motion. Welcome to our faith perspective.

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Before we close, I want to leave you with this

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reminder from scripture. In Exodus 4 and 2, when

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God called Moses to lead his people, he asked,

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what is that in your hand? Moses replied, a staff.

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And with that ordinary staff, God performed extraordinary

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miracles. Today, you may be holding something

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ordinary in your hand, a phone. But in the hands

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of a faithful steward, it can be a tool for extraordinary

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impact. We often look for signs that it's time

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to start investing. But sometimes the sign is

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what's already in your hand. a resource, a device,

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a moment of opportunity. Luke 16, 10 says, whoever

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is faithful with little will also be faithful

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with much. It's not about starting big. It's

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about starting where you are with what you have

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and letting God guide your steps from there.

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So whether you're using your phone to invest

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for the first time or you're setting up auto

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transfers or tracking your giving and growth,

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Remember, you're not just managing money, you're

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multiplying mission. Let's be faithful with the

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tools God has placed right in our hand. The Faith

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and Finance podcast is intended for educational,

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informational, and entertainment purposes only.

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The views and opinions expressed by the hosts

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and guests are their own and do not necessarily

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reflect those of Joseph Wealth Management, Joseph

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Eden Capital, or any affiliated entities. Nothing

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shared on this podcast should be construed as

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personalized, financial, legal, tax, or investment

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advice. All investing carries risk, including

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the potential loss of principal. Listeners are

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strongly encouraged to consult with a licensed

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financial advisor or fiduciary who understands

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their unique circumstances before making any

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financial decisions. Joseph Wealth Management

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and Joseph Eden Capital are registered entities

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and operate in accordance with applicable regulatory

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guidelines. Business is conducted only in jurisdictions

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where they are duly licensed or exempt from registration.