One of the new blogs I enjoy reading is called The Simple Dollar. It’s a personal finance blog. Recently, there was an article about social capital, what it is, how to get it, and why you should engage in it.
This issue became very real to me today as I talked with our new financial guy today. We had a financial guy for thirteen years who retired back in the Spring. He handed us off to someone else in the firm who contacted us both via letter and a phone call. The new guy seemed like a nice guy. About a month later, I set up an appointment with him on the phone as we live in a different state. He was to call me; fifteen minutes after the appointed call time I still had not heard from him. So I called the office and asked for him. When he came on the phone he acted like it was a surprise that we had a scheduled meeting, like he didn’t know where I lived, and he certainly didn’t know anything about our accounts.
After talking with him for a few minutes he told me that he would keep an eye on some investments and give me a call. Three months later, as the market had picked up, I had never heard from him. One of the accounts was a SEP IRA under my name alone, so I began looking for other companies that could offer what I needed. After making a few calls, I was able to sign up for an account online, schedule a transfer from the old firm, and have that money available to invest in less than four business days.
My wife is visiting this week in the state where that financial guy has an office so she scheduled a meeting and they called me on the phone as well. It was the first time he had attempted to talk to my wife about her retirement fund as well, which really did disturb me. I shared with him my experience, that I had moved an account (which got his attention) and noted that he managed my in-laws and parents accounts as well. He lost his social capital. Now, to maintain that relationship with us far into the future, he will have to expend social capital to continue to receive our business.
But I also think that social capital can be a benefit for the church. As individuals build up social capital, it offers opportunities to move in circles relationally that people may not have the opportunity otherwise. It also offers you the opportunity to bless people, to bless organizations, and to bless institutions. I promise you, this will open doors for evangelism, build your reputation, and the reputation of Christ as well.
But this is hard work. It also takes a lot investment of time, energy and relationships. However, it is definitely worth it. I have had multitudes of opportunities to talk about Jesus simply because I did something for folks and businesses without expecting anything in return. “Just Because!”
Let’s get into The Simple Dollar’s post. According to the post, social capital is: Read the rest of this entry »
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