Bridging the Gap between FAITH & Finance with Austin Thoms

Austin Thoms, a financial advisor and host of the podcast '2300 Reasons Why,' shares his journey from being a basketball coach to entering the financial services industry. He discovered the significance of money, wealth, and possessions in the Bible and felt called to help bridge the gap between faith and finances. Austin emphasizes the importance of focusing on personal character and the spiritual process rather than just the results when it comes to stewardship. He discusses the challenges of living counterculturally in a society driven by consumerism and offers insights on how to navigate financial decisions with wisdom. In this conversation, Austin Thoms discusses the importance of aligning finances with biblical principles. He highlights the parable of the sower and identifies five competing forces that challenge our character and stewardship: comparison, lack of contentment, comfort zone, culture, and coveting. Austin emphasizes the need for intentionality and trust in the process of financial wellness. He encourages readers to read 1 Timothy 6 for profound wisdom on money and to focus on the ultimate goal of hearing 'well done, thou good and faithful servant.' Austin can be found on the podcast '2300 Reasons Why' and at Wealth Advisors Group.TakeawaysStewardship is the goal, but not the direct focus. It is important to prioritize personal character and the spiritual process, as they drive the results of being better stewards of our resources.Living counterculturally is a constant challenge, especially in a society driven by consumerism. It requires intentional choices and a commitment to aligning our actions with our faith.Financial decisions should be guided by wisdom and the principles found in the Bible. There are over 2300 verses in the Bible that address money, wealth, and possessions, making it a valuable resource for financial guidance.Chapters00:00Introduction and Background05:08Austin's Journey and the Inspiration for '2300 Reasons Why'13:23Bringing Faith Front and Center in Financial Planning16:04The Significance of Personal Character in Stewardship23:23Living Counterculturally in a Consumer-Driven Society25:38Guiding Financial Decisions with Wisdom and Biblical Principles28:32The Five Competing Forces in Stewardship30:41The Importance of Contentment36:17Stepping Outside the Comfort Zone