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Forrest Fenn’s Treasure—Update

MoneyWise / Rob West and Steve Moore
The Truth Network Radio
May 28, 2021 8:03 am

Forrest Fenn’s Treasure—Update

MoneyWise / Rob West and Steve Moore

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May 28, 2021 8:03 am

A few years ago, we reported on the curious tale of Forrest Fenn’s hidden treasure and how hordes of people became obsessed with finding it. And now, we wanted to find out what’s been happening lately with that treasure hunt. On the next MoneyWise Live, host Rob West will give an update on the status of Fenn’s treasure. Then he’ll take your questions on the financial topics you’d like to discuss. That’s MoneyWise Live, where biblical wisdom meets today’s finances, weekdays at 4pm Eastern/3pm Central on Moody Radio.

Finishing Well
Hans Scheil
Finishing Well
Hans Scheil
Finishing Well
Hans Scheil
Finishing Well
Hans Scheil

This is Doug Hastings, VP of Moody radio and were thankful for support from our listeners, and businesses like United faith mortgage. Let's call it the couch cushion this is the moment when you need a tip for the pizza man a few bucks for your kids lunch or you can't say no to the sweet eight-year-old and her thin mints you've got no cash and no other options but to tear apart the house searching for hidden money. It's Ryan from United faith mortgage and it's funny how we can usually find a way to scrounge together a few bucks, hidden around our house.

Shame on you if it's from your kids piggybacks for many listeners know there's enough money sitting inside your home to buy a swimming pool full of thin mints, home values have gone up across the country. The last few years, leaving many of us with a good chunk of equity tucked inside our homes that we could cash out to use for life. If you'd like us to help.

We are United faith mortgage United faith mortgage is a DBA of United mortgage Corp. 25 Millville Park Rd., Melville, NY.

Licensed mortgage banker for all licensing information, go to an MLS consumer corporate MLS number 1330.

Equal housing lender not licensed in Alaska, Hawaii, Georgia, Massachusetts, North Dakota, South Dakota and Utah and 7620 warns us the love of money is the root of all kinds of evil. Some people, eager for money, have wandered from the faith's Rob West a few years ago we reported on the curious tale of forest fins, hidden treasure and how hordes of people became obsessed with fighting they'll give you an update on your calls at 800-525-7000. That's 800-525-7000. This is moneywise live with today's financial decision.

No finding buried treasure been a popular theme in books and movies in these days even on reality TV shows, but in one case the story continues even after the treasurer has been found, like so many tales of buried treasure. The story of forest fins loss lewd proves to be all too real because it's no longer lost the proof of that surfaced about a year ago. If you're unfamiliar with the story. Finn was an aging amateur archaeologist reportedly amassed a fortune in gold and jewels while doing let's call them controversy all explorations in the Southwest, a self-described millionaire. Finn came under FBI scrutiny once for selling Native American artifacts.

He claimed to have found in the four corners area, but no charges were filed. He did however come under heavy criticism for buying and excavating some would say desecrating a Pueblo Indian site in New Mexico which may have been the source of his treasure. Finn said he'd hidden a foot square treasure chest stuffed with valuables. He claimed the chest was loaded with emeralds, diamonds and gold coins and weighed about 40 pounds diagnosed with cancer in 1988. Finn said he filled the chest with treasurer and plan to take it up into the Rockies to die beside it maybe thinking he could take it with him.

Well it turned out that Finn survived his brush with cancer and tucked the chest away in his house for 20 years. But when the great recession hit in 2008, he decided to buried in the Rockies and launch what became a massive international treasure hunt. The reason he did it. Finn set was to give hope to people who might have lost their jobs and encourage families to get outside and get some fresh air.

He published a poem with clues for finding the treasurer and challenge people to go out and look for all anyone knew was that it was hidden somewhere in a thousand mile stretch of the Rockies between Santa Fe, New Mexico and the Canadian border.

Finn estimated that some 350,000 people had trekked through the mountains looking for his treasure chest without finding it. He told no one.

The location, not even his wife.

The fear was that if Finn died. The secret of the treasurer's location would go to the grave with them to say that people became obsessed with finding the treasure would be an understatement. At least five people died while searching for it but the effort to find the treasure ended last June when Finn announced that one man had indeed recovered the hidden chest stuffed with valuables.

Finn lived just long enough to see that happen. He died a few months later. What many people don't know is that before his death. Finn had been hit with several lawsuits by disgruntled and angry treasure seekers who claim that they should have the treasurer even though they'd never found it.

But one of those lawsuits now targets the eventual finder of the treasure. He tried to remain anonymous, fearing both litigation and physical harm to the plaintiff in that case, claims the finder stole his strategy to recover the treasure.

Even though the finder had never heard of the plaintiff, by the way the treasure finder turned out to be a 32-year-old medical student from Michigan. Finn's family has since weighed in and announced that the man had indeed found the treasure of the finder only revealed his identity when the discovery phase of the lawsuit threatened to expose and he apparently had deciphered Finn's poem he said, not by science but by understanding Finn's emotions know all of this would seem pretty silly.

If it weren't for the human lives and untold thousands of dollars lost in litigation over something that may have been ill-gotten to begin with Proverbs 119 says such are the ways of everyone who is greedy for unjust gain.

It takes away the life of its possessors. The Bible doesn't say that searching for buried treasure is a sin, but it does say that the love of money is a sin, obviously risking your life's sometimes harsh environment of the Rocky Mountains. Well, it can be foolish. The Bible does tell us that we must avoid getting rich quick mentality. Proverbs 21 five tells us the plans of the diligent lead to profit as surely as Hades leads to poverty so that your modern-day tale of buried treasure. We hope you find it a cautionary tale calls and asked 800-525-7000 800-525-7000 on Rob West and this is money wise life with biblical wisdom. Today's financial decisions will look forward to hearing from you.

Just around the corners. So glad you joined us today on moneywise live were taking your calls and questions years the number 800-525-7000. We have lines open 800-525-7000. Would you like to connect with a moneywise coach we have them available ready to serve you. These are men and women who have been especially trained to walk alongside you and teaching you biblical principles of handling money. But really, practically speaking, helping you get set up in the moneywise app by developing a spending, saving plan of perhaps a debt repayment plan or giving plan. Whatever it is the walk with you over a series of weeks and to answer your questions, get you set up and perhaps help you break through what's been holding you back from being the steward of God's resources that you wanted to be that you can take advantage of a moneywise coach by heading to our website. It's just one of the many ministries and services we offer click connect with the coach and will get you connected very very soon again moneywise click connect with the coach all right to the phones 800-525-7000, about five lines open 800-525-7000 were to begin today in beautiful Colorado Springs, Colorado. Samuel, thank you for your patience and for your call today.

I can help user all my question all I didn't want to come to the fall of 1 to 15 years. I have some company stock. I'm leaving the company, but I was. My question is whether it's okay to leave the company stock would accompany if I did it without pause man a lot to wall in order to open. I don't what are some of the suggestion motion video stock and my next question would be, I also think about selling 200 shares because all clichs about one all hallows and I'm going about selling about 200 shares so don't all put it on my my mortgage to do my markers to speed on some principles because I owe about 1000 make sure updated all quick as possible. Very good. Samuel well. Clearly this is a blessing. And just like any asset that we have. We need to determine how's the best way to use it according to your overall goals and objectives. Whether that's your paying off debts or giving generously perhaps saving for the future, whatever it might be and so I think you're asking the right question here.

How many total shares did you receive about no okay, about six shares.

You said that this is the proof is price per shares around $200. Is that right three Loki today goes okay right so you got about 100 and 1500 and 20,000. Saugus is a good bit of money there.

Do you have retirement accounts, in addition to that, or is this really the extent of your retirement savings. All the household want. There would accompany which is close to 3000 mile and you will be contributing to a retirement account in your new job yet my new job got me about that and I felt my salary, which I want to even increasing the new job still I think the key here for you is number one. We want to make sure you're not too highly concentrated in what I mean by that is enough. You look at your overall investments having you know what is potentially one fourth of your total investable assets in one company stock is not properly diversified. You have too much riding on the performance of one particular company so that would be the first and I think primary reason to think about in a tax efficient way and you want to check with your tax preparer on this liquidating that position so you can diversify away from that tech companies holding you know you just don't have too many of your eggs in one basket in the Bible is very clear about that as well. As to what you would do with the proceeds of that roughly hundred and 20,000. I love the idea of you becoming debt free. Boy got 60,000 left again thinking about the taxes in the most efficient way to do it if you were going pay off that mortgage, if not all at once. You're very soon. Over the next year or two that would put you in a really solid financial position where you're completely unencumbered.

You create more cash flow more margin on a monthly basis because you're not paying that mortgage payment and you know at that point so you could plow that back into additional giving or additional savings, and I think you'll be delighted that you have that freedom and flexibility of being completely debt-free, so I'm on board with paying down or paying off the mortgage. I'm on board with selling this position in a way that makes sense so that you can be properly diversified and at that point you would want to be looking for the right proportion that remains to redeploy that and invested, and if you have the ability to do that on your own grave if not you could connect with a certified kingdom advisor in your area. Does that make sense of Samuel much okay very good. We appreciate your call today.

All the best in your new endeavors and don't hesitate to call his back at some point in the future. This is moneywise live on Rob West taking your calls and questions. Here's the number we do have some lines open today we'd love to hear from you. Whatever's on your mind. Are you thinking about paying off your mortgage sure are you wanting to save for the future. Is it how to position your portfolio in light of everything going on around us. Or maybe it's trying to pay down debt.

Whatever it might be. We'd love to hear from.

Here's the number 800-525-7000, but let's head next to Chattanooga, Tennessee Gary, thank you for your patience are to help him having to sell my house and move into an apartment on not my own choosing. A lot of hard circumstance, but right Found a house to buy.

There are some out there, but I have to know you can't stay in the house so one act is what would be a good place to conceal how that agreement I wanted place to put my money where what kind of an account. Whatever. But some of the liquid display also like to get to pay off. Well, not Carl only, and that sort of thing in the total amount of exactly but it's probably around 100 and probably hundred and 69,009 will have okay is not electric okay I see very good Gary what you think perhaps would be the timing on you redeploying these funds that whether that's into a home that you would buy or something else would be less than five years. Yeah. Oh yes I'm going to be purchasing a home one viable that Alaka get hard in my area is just hard enough. Yes, no, that makes sense. I like the idea. When you don't have something in the it's not clear where you need to go next of you renting and taking your time not forcing it and buying something that isn't a good fit for you will given that time horizon and the uncertainty of when you might redeploy these assets. I think the key there is we don't want to invest that money because you know if you put it at the risk of the stock of the bond market you know and it were to lose value right at the time you need to sell it. You could have less than you need them. With this money, it's all about protecting and preserving what you have, earning a little bit interest if possible.

But that's secondary what's primary is you hang on to what you've got, so that when it's ready to redeploy it.

You can, but what I would do. Gary is just put that into a high-yield online savings account. FDIC insured up to 250,000. The money will be there when you need it. You could link it to your checking account and move it over electronically with a day or two's notice, and that you are in right now than 1/2 of a percent. Not a lot, but again, the key right now is not the return on your investment. It's the return of your investment when you need it to redeploy it.

So I check out to Ally Bank. Perhaps Marcus capital one 360 any of those, no fees, no minimums get some get some interest and again they have a great website or have a life. Transfer this money. All the best to you as you pursue God's plan for you and find that this is moneywise live. Thanks for turning in today to moneywise live. So glad to have you along with us as we apply God's truth to your financial life recognizing God at all skewered money is a tool and it's to be used to accomplish God's purposes and that his word 2315 versus of them really gives us the principles the pathway to experience God's best to set me will always have everything that we need financially.

No, absolutely not, and will be in times of need will be in times of plenty. The key is to find contentment being content in what God has already provided wherever were beginning with, not the financial beginning with his promises he'll never leave us or forsake us, beginning with first and foremost that he sent his son to die on the cross. The cross for us if we just start there will recognize we already have in abundance now financially speaking. Where ever were at whatever passes through our hands.

We want to be found faithful in using God's resources for his glory and the principles are so clear and they can be profoundly simple if we just look at God's word and see what he has for us. Well, let's try to apply those to what's going on in your financial life just around the corner will talk to Ed in Cleveland about his credit rating will talk about refinancing with Monica, but next up. Let's head to Grand Rapids, Michigan Jake, thank you for your patience can help you call you chapter and am in seminary and public minded institution has applied for a covert release grant and a portion of that is funds that get passed on to the students and for my understanding those funds are to be used related to covert release issues, consummate school, given the opportunity to either apply that directly to my tuition or take it as a check now with being a part of the court that I'm in there and my church as think we kind of stepped into the gap to help me cover tuition costs. I don't really have a direct need to apply this to my tuition on some wondering if I can take this as a check, and if I do not know what sort of strings come along. Attach without it. The something where I have to verify that I spent these on now spent those funds on something related to my tuition are related to you know a covert release issue on this one. If you have any wisdom on that. That's a great question, Jake, and obviously you want to be found faithful in honoring the Lord with these resources and only taking what you're entitled to using it for its intended purposes and I commend all of that, you know this nearly $2 trillion American rescue plan allocated I believe was little over 100 billion for K to 12 education

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