MoneyWalk 162 Saving & Investing
This program will help you undo financial bondage.
Most people never reap asset growth because they never save and invest. Spending is their highest aim. Others never reap because they invest savings only when the market is at high valuations - they never feel comfortable investing when valuations are low and only do so after the media declares very high current values. Unfortunately, most people pull their money out of an investment immediately after the investment value tanks and thus suffer loss. They will not make up the loss in the future because the experience made them fear putting money back in the market and hold it there long-term to overcome emotional market-timing tendencies that cause loss.
The bottom line is you should put and keep yourself in a position where you can regularly save a substantially amount of your monthly income so you can eventually invest the lions share for the long-term. In fact, after you save three to six-months of emergency funds, you should directly invest ten percent or more of your gross income in 401k or brokerage plans. Learn to utilize the historical long-term growth pattern of the stock market to your advantage because this would be a blessing to you, your family, your friends, and other people that God wants you to help throughout your lifetime.
Saving should be constant whereas investing should be done only with money that is not needed within five years. Money you may need within five years should not be put in risky investments that do not protect the principal invested. This money should be put in savings accounts, money market accounts, certificates of deposits, or the like because these accounts protect principal.
Don’t let the feeling of not wanting to suffer loss make you try to out think conventional investment wisdom, which is to buy low and sell high - this is the only way to reap growth no matter what savings and investments are put toward (CDs, stocks, bonds, real estate, antique autos, art, etc.). The Lord’s instruction helps you maximize resources entrusted to you just like the two servants in the Parable of the Talents and the Parable of the Minas. Consistent long-term saving and investing reaps great returns that can be plowed back into caring for family, evangelizing the lost, making disciples, and helping people in need.?
领英推荐
Job 1:3, 42:12, Proverbs 11:24-25, Ecclesiastes 11:1-6, Luke 19:13-27
Please pray for this ministry and email questions to [email protected] and share the links below with others who need guidance. May the LORD bless you richly as you follow His plan!
Share https://kminfo.org/ministries/financial-freedom weekly with family and friends so these bondage-breaking articles and other financial information can help them gain helpful insight!
The book at the link below provides principles and practical steps that help you use the Power To Get Wealth. By 1992, we had $135,000 of debt and a negative $35,000 net worth. Financial bondage and turmoil led me to seek principles and a process for employing good stewardship. As a result, we became constructively debt-free in 1998, mortgage free January 2004, millionaires in 2012, multi-millionaires shortly thereafter, and retired in 2018 in my mid-fifties from public servant jobs while giving abundantly to fund the gospel of our LORD Jesus Christ. The same power is available to you!
You can find books authored by Randy and Karen Parlor at www.Amazon.com.
You can also connect with Randy Parlor on Facebook, Twitter, Linkedin, Instagram, Google Blogger, WordPress, Jesus Social Network, Social Cross, Pinterest, Tumbler, and You Tube.