How To Invest For The Future Using Biblical and Proven Principles
Plan Ahead — Depending on the world's way of doing things will NOT work but God’s Word will always work.
Plan Ahead — Depending on the world’s way of doing things will not work.
Luke 14:28–30 “For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it — lest, after he has laid the foundation, and is not able to finish, all who see it begin to mock him, saying ‘This man began to build and was not able to finish’?”
Investing for a divine future, saving for college for the kids or other goals are not impossible dreams. But you do need a plan and you need to follow it systematically to achieve your goals. One of our licensed Financial Advisors can help you get started right now. The sooner you start the better — put time on your side.
You Make Plans But God Control’s Your Future
Proverbs 16: 9 In their hearts humans plan their course, but the LORD establishes their steps.
There are no guarantees but, to a great extent, you can control the quality of life you and your family will enjoy years from now. Whether it is saving and investing for retirement, school, or both, these are goals that are still achievable but they will require a commitment to a financial game plan over decades.
The Concept and Funding For Your Future Has Changed
Proverbs 6:6–8 Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler,yet it stores its provisions in summer and gathers its food at harvest.
For many decades, financial experts have compared a secure future and inheritance to a three-legged stool. Three sources of income supported a good financial future.
- Company pensions
- Social Security
- Personal savings
The three legs could often supply an ample and steady income during retirement. But, today, company pensions have just about gone the way of the Dodo bird. And if nothing is done to shore up its finances, Social Security will be forced to pay out benefits at much-reduced rates to seniors and others who depend on the program sometime around 2033. (Status of the Social Security and Medicare Programs: A Summary of the 2013 Annual Reports, ssa.gov.)
People could work until they reached 65 and then depend upon their pensions, Social Security, and personal savings to provide a stable income. But, today, company pensions have just about gone the way of the Dodo bird. If nothing is done to shore up its finances, Social Security’s “trust fund” will run out by 2033 — leaving the program to pay out benefits at a much-reduced rate to seniors and others who depend on the program. (ssa.gov, Status of the Social Security and Medicare Programs: A Summary of the 2013 Annual Reports)
What Does This Mean for You?
Because later years of resources are shrinking, it’s really up to you to build inheritance savings that you can count on. Schedule an appointment and we can help you get started for as little as $50 per month. Sit down with your securities-licensed representative to learn the basics of investing — it’s never too late to get started — and plot your course to financial security and inheritance legacy as you build your business!
The Three Accounts You Need
To build a complete savings program and inheritance income we believe most people need three types of basic accounts:
- Emergency Fund — for unexpected emergencies
- Short-Term Savings — for big-ticket items like vacations or a computer
- Long-Term Savings — for business windfall income, college for the kids, etc.
Put Your Savings on Autopilot
Proverbs 21:5 The plans of the diligent lead to profit as surely as haste leads to poverty.
If you’re not as disciplined as you want to be, try direct deposit. The temptation to spend can be irresistible … so why not take the money out of your wallet before you can spend it? We make it easy to help you arrange to have a set amount of your business income deposited directly into your savings or investment account.* Ask us for more information about direct deposit.
*Not all businesses offer a direct deposit option to their employees. This is something to consider doing, not only for yourself but for your employees.
The High Cost of Waiting
Proverbs 27:23 Be diligent to know the state of your flocks, and attend to your herds.
The biggest mistake you can make is assuming you don’t have any money to save. If you earn an income, it’s simply a matter of how you’re spending it. You can put some money aside each month — if you make saving for your future a priority. The longer you wait the more money you will need to save each month to make up for the lost time.
Don’t Make The Mistake Of Waiting:
If you Invest $100/month at 9% at age 25 at 67 you will have $566,920.
It Cost to Wait:
At age 26 it goes down to $517,150 that’s a loss of $49,770
At age 30 you get $357,240 that’s a loss of $209,680
At age 40 you get $137,780 that’s a loss of $429,140
Matthew 25:14–30 “For it is just like a man about to go on a journey, who called his own slaves and entrusted his possessions to them. To one he gave five talents, to another, two, and to another, one, each according to his own ability; and he went on his journey.
Immediately the one who had received the five talents went and traded with them, and gained five more talents. In the same manner the one who had received the two talents gained two more. But he who received the one talent went away, and dug a hole in the ground and hid his master’s money.
Now after a long time, the master of those slaves came and settled accounts with them. The one who had received the five talents came up and brought five more talents, saying, ‘Master, you entrusted five talents to me.
See, I have gained five more talents.’ His master said to him, ‘Well done, good and faithful slave You were faithful with a few things, I will put you in charge of many things; enter into the joy of your master.’ Also, the one who had received the two talents came up and said, ‘Master, you entrusted two talents to me.
See, I have gained two more talents.’ His master said to him, ‘Well done, good and faithful slave. You were faithful with a few things, I will put you in charge of many things; enter into the joy of your master.’
And the one also who had received the one talent came up and said, ‘Master, I knew you to be a hard man, reaping where you did not sow and gathering where you scattered no seed. And I was afraid, and went away and hid your talent in the ground. See, you have what is yours.’
But his master answered and said to him, ‘You wicked, lazy slave, you knew that I reap where I did not sow and gather where I scattered no seed. ‘Then you ought to have put my money in the bank, and on my arrival, I would have received my money back with interest.
Therefore take away the talent from him, and give it to the one who has the ten talents.’ For to everyone who has, more shall be given, and he will have an abundance; but from the one who does not have, even what he does have shall be taken away. Throw out the worthless slave into the outer darkness; in that place, there will be weeping and gnashing of teeth.”
Rates of return are constant and nominal rates, compounded monthly. Contributions are assumed to be made at the beginning of the month. The chart above is not indicative of any particular investment or savings vehicle where rates of return fluctuate. It does not take into consideration taxes or other applicable deductions, which would lower results.
The bible is very clear about money, here are the few scriptures that we shared,
you can meditate on to help you stay or get on track.
The Bible is very clear and gives us wisdom about how to deal with our money, and the area of investing is no different.
While this blog is about finding Biblical wisdom about investing, it should be made clear in closing that we’re told to NOT put our hopes in wealth and riches, but in God.
Grab a Bible and start discovering biblical principles about, “How To Invest For The Future Using Biblical and Proven Principles” Also if you need help in implementing these strategies in your life and business along with a winning marketing game plan like Jesus go to biblebusinessacademy.com to learn more.
PS: If you are ready to grow your business and create the life that your heart desires with mission marketing and biblical principles so you can help more people while growing in faith and finances, go to biblebusinessacdemy.com download the FREE report, read it, watch the webinar and then book a strategy call.
Got questions? Email us at info@cathymcreynolds.com
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Cathy McReynolds
CEO of Bible Business Academy
Cathy McReynolds
A Bible Business Strategist & Financial Advisor who has over 25 years of experience and is dedicated to helping you grow in faith and finances by using biblical principles & mission marketing and sales strategies in your business.
Get Bible Business Strategies & Financial advice that helps you grow in faith & finances by using biblical principles and mission marketing & sales strategies at biblebusinessacademy.com
