Wednesday, December 13th, 2017

Christian Investing?

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“A good man leaveth an inheritance to his children’s children: and the wealth of the sinner is laid up for the just.”
Proverbs 13:22

A good man is saving an inheritance for his grandchildren.  He isn’t just thinking about his children.  He is working on leaving an inheritance to his grandchildren also.  Over 95% of Americans are broke by the time they’re elderly.  They leave little or no inheritance to their kids.  In many cases, the children are often called upon to support the parents financially when they get older.  It shouldn’t be this way.  The Bible paints a picture of a person who still has wealth when they’re old.  They leave so much wealth that both their children and their grandchildren get a share.

The average family is only one or two paychecks from being homeless.  A lot of the problem comes from debt and making spontaneous purchases.  It also comes from the whole poverty mindset.  They have been taught to borrow money for purchases instead of saving for purchases.  I’m shocked by how many “Quick Cash” companies can be found around most cities.  People go to them and take a loan out on their next paycheck.  Most people don’t even have a couple hundred dollars saved up for an emergency.  Do you?

People used to save for things they wanted.  Instead now, we just buy on credit.  We pay two or three times as much for those things once we finish paying off the interest.   Plus, we’ve established habits that will keep us in bondage for years to come.  We need to become savers instead of spenders.  You need to immediately start a savings plan.

A good rule of thumb is to start taking 10% of the money you make and put it in a savings account.  Don’t put it in your regular checking account.  Put it in a savings account.  This is to save for your future and to save for any larger purchases you may make.  It may be a struggle to start saving like this at first.  You have already learned you should discipline your flesh to be giving 10% or more.  Now you need to save another 10%.  So you now should start living on 80% of your income.  You may have to learn how to be more frugal at first.  You’ll have to cut some of your unnecessary expenses.

There may be a set of furniture you’ve been thinking of buying for your living room.  Instead of buying that furniture on credit, save your money to buy it.  It felt so good the first time we were able to go buy a set of furniture with money in the bank.  Buying a car without borrowing was even better, but each one was a step in the process for us.  Focusing yourself on a prize and saving to get there is much more satisfying than buying it on borrowed money.

Debt can be very deceptive.  Buying a house for most people is a good investment.  You have to pay rent no matter where you live.  When you buy a house and have payments at the same level as the rent you were paying, then you’re better off.   You are actually gaining a little equity and ownership in the house with each payment.  So borrowing money for a house can be a wise decision.  Here is where the deception comes in.

You move into your nice new house, but you only have furniture for half the house.  Your flakey mind starts telling you you need to go buy a whole bunch of new furniture on credit.  Don’t fall for this.  Pray for the furniture you need instead.  You may even want to go to the furniture store so you can pick out exactly what type of furniture you want.  Make a list and then pray over the list of furniture you need.

Believe you receive the furniture when you pray.  God has answered your request.  So from now on, anytime you think of the furniture, simply thank God that you have all the furniture you prayed for.  Someone may give you the furniture.  You may get a bonus at work for some of the furniture.  God could give you an investment idea where the profits pay for the furniture.  Leave the “how” up to God.  You simply believe He has given you the furniture you’ve asked for.

Thank God for your new furniture.  Don’t bow your knee to the VISA god.  If you’re praying for the furniture, but the back of your mind is thinking of using VISA, then you’re serving the wrong god.  Remember, a borrower is servant to the lender.  Are you God’s servant or VISA’s servant?  Who supplies your needs…God or VISA?

About Terry Dean

I’ve been in full-time business online since 1996. I’ve been an ordained minister since 1993. Yes, business and ministry are my passions. I also love God, my wife Julie, my two dogs, the outdoors, and video games.

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