Category Archives: Plan Carefully and Seek Wise Advice

How Do I Diversify My Investments?

Congratulations to those of you who are ready to consider investing as part of actively managing your finances. Now… a common question is “How do I know how much to invest in what assets?”

Truly it can be overwhelming at first. To start, it is important to assess your personal risk tolerance. Are you wanting to take more risk for more potential gain or minimize risk and accept more modest returns?

There are lots of good tools online if you look for them. For example, Charles Schwab provides good information to get started investing on their How To Invest page. Vanguard also has a similar investor page to help you assess your risk tolerance to guide your investments as well as information on asset allocation. Fidelity.com also provides a lot of information for those getting started. There are many sites you can research, and you probably want to look around for more than one. Another example may be the Motley Fool, a funny name to be sure, but a good site.

There are also investment advisory firms like TradeSmith and Stansberry Research.  These last two will try to sell you investing tools or research. You can consider carefully and decide if or what you want to buy. For a few hundred dollars a year you can get good investment advice without a big financial commitment. If you are interested in managing your own investing more actively, some of their tools are worth considering.

Information on sites like these is available to a large extent even if you don’t invest with them. Of course, each website will have contact information for you to contact them and get more information.

It is important to get a feel for how you may want to invest and diversify your money. How aggressive or conservative do you want to be? Always consider that the highest returns generally bring the highest risk, meaning that you could lose money chasing high returns.

I encourage you to pray and take time to assess your comfort with the various risk/reward balance associated with different asset allocation approaches. Do not rush into investing. It is a long-term activity not to be hurried and decided in 30 minutes or even a single day. That said, you will never get there if you don’t get started.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Are Fear and Greed Really an Investment Strategy?

Warren Buffet is a well-known and well-respected long-term value investor. He invests in companies when he sees the cost is low relative to the value of the company and then sells later after the stock value has increased. He is not a day trader and typically invests with a long-term horizon. When Buffet speaks, many who want to make money investing will listen closely.

We should take caution whenever we put someone on a pedestal as a role model or guide for our lives. We should test what they say against what God teaches in the Bible to ensure we are not following a “false prophet” who appears to lead to prosperity but in reality leads to destruction or separation from God.

Whatever I may think of Mr. Buffet’s political opinions, he certainly has some real credibility with regard to investing.  One of his well-known quotes can actually be quite helpful in establishing a certain mindset for us to consider when we are investing.

“Be fearful when others are greedy and greedy when others are fearful.” Warren Buffet

I could certainly do a study on the words “fearful” and “greedy” and make a case that we should not literally let fear and greed make our investing decisions, but that would truly be missing Mr. Buffet’s point. What he is suggesting is that the average investor, and many professionals as well, have a tendency to allow emotions to guide their investing and not for the better.

When the market is priced very high, people get greedy and forget about the danger of a market pullback. The same investors who were too fearful of buying when stocks were low now jump in when stocks are high.  Then when difficulties around the world cause the same stocks to tumble in value, people become fearful and sell while stock values are low. This represents “buying high” and “selling low”, which is not a robust strategy.

Of course, Buffet is not suggesting we blindly buy when people are fearful, as we could easily buy stocks that are still going lower. He is simply suggesting that we take note of when people are widely fearful about stocks plunging down and look for bargains that we are confident will increase in value over a several-year time frame as market forces settle out. On the flip side when the market seems “unstoppable” and we are tempted to keep putting more money in… consider selling some of what you bought and taking profits. Then you are once again ready with cash in the account to buy the next time people panic and the stock values fall.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org

A Wise Man Will Hear and Increase in Learning

Who among us believes it foolish to seek wise counsel from those who have experienced the same things in life that we now face? Not me. Quite the contrary, I value advice from others who have already experienced the challenges I face. We must carefully discern who is providing wise counsel and who is providing only loud opinions… but once we do we can feast on the wisdom they share and seek to apply it to our lives.

Scripture tells us that Solomon received a gift of great wisdom from God. He used it to lead God’s people and govern a prosperous nation.  People came from near and far to hear his wisdom.

1 Kings 4:29    29Now God gave Solomon wisdom and very great discernment and breadth of mind, like the sand that is on the seashore. 30Solomon’s wisdom surpassed the wisdom of all the sons of the east and all the wisdom of Egypt. 31For he was wiser than all men, than Ethan the Ezrahite, Heman, Calcol and Darda, the sons of Mahol; and his fame was known in all the surrounding nations. 32He also spoke 3,000 proverbs, and his songs were 1,005. 33He spoke of trees, from the cedar that is in Lebanon even to the hyssop that grows on the wall; he spoke also of animals and birds and creeping things and fish. 34Men came from all peoples to hear the wisdom of Solomon, from all the kings of the earth who had heard of his wisdom.

We have it available to us in the book of Proverbs in the Bible. How much easier for us to learn from him than even those of his own time! What good reason would we have to avoid reading what Solomon wrote and considering how to apply it in our lives? It is free and we can test what he says for ourselves.

Proverbs 1:1-7

The Usefulness of Proverbs

      1The proverbs of Solomon the son of David, king of Israel:

      2To know wisdom and instruction,
To discern the sayings of understanding,

      3To receive instruction in wise behavior,
Righteousness, justice and equity;

      4To give prudence to the naive,
To the youth knowledge and discretion,

      5A wise man will hear and increase in learning,
And a man of understanding will acquire wise counsel,

      6To understand a proverb and a figure,
The words of the wise and their riddles.

      7The fear of the LORD is the beginning of knowledge;
Fools despise wisdom and instruction.

Solomon covers a lot of ground for how to improve our life in interacting with other people and with God. Much of it applies specifically to finances as well. To begin with we should recognize that to become wise, in any area, we must first admit we do not have all the answers and we can learn from others. If we stubbornly believe we already have all the answers than we will get no wiser because we will reject or not listen to the wisdom others share with us. If we admit we have more to learn and we seek wise counsel we will increase in learning.

   5A wise man will hear and increase in learning,
And a man of understanding will acquire wise counsel,

Two more fundamental building block for a solid foundation on growing in wisdom are captured in verse 7.

      7The fear of the LORD is the beginning of knowledge;
Fools despise wisdom and instruction.

Honoring and obeying God is not just “something we do”, like going to church or praying or doing a Bible Study. Obeying God is “a way of doing everything”. Respecting, loving, and yes fearing God is the beginning of knowledge. From this foundation we can gain much wisdom.

Finally, we must admit that those who despise wisdom and instruction are quite plainly fools. Those who refuse wise counsel will remain fools. Let us strive to not be that fool, but instead remain humble enough to listen thoughtfully to advice from God, plainly available in scripture, and to advice from others whom we discern as having credible wisdom. That is how we grow wiser… and wiser… all the days of our lives.

Challenge yourself… are you listening to and considering God’s advice? the advice of others?

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Find a Financial Mentor You Can Trust

Each of us has the potential to have certain “blind spots” in developing or executing our personal financial strategy. For some it may be in developing skills or applying themselves to earn money. Many have a blind spot for spending without a budget or blowing the budget by overspending even if they have one. Still others have blind spot in long term planning or in how to honor God by what they give to others.

Finding a mentor or mentors you can trust in these areas can be very helpful, in some cases crucial, for success. When choosing a mentor, look at their life and finances to see if it reflects what you are pursuing for your life. Don’t just pick someone who has a lot of money but has made a wreck of their family life. Pick someone that represents the result or outcome you wish to achieve.

If you don’t already have someone you know that would fit this description, consider getting involved in your community or local church to develop relationships with the type of people you admire and want to be like.  Invest in developing a relationship with them. Get to know them. Let them get to know you.

Once you have established this relationship you probably want to ask them directly about being a mentor or accountability partner for your personal finances. Make sure they are ok making that commitment so they can put the proper time toward it.

You do not have to involve them in every detail but can have even general discussion that can help you get an unbiased “cold eyes” assessment of your plan and execution of your financial strategy. They can help you see more clearly where on your own you had a blind spot.

For a simple example… let’s assume Peter is trying to get out of debt and stick to a budget. Peter has always accepted that having over $100 / month spend on television programming is not only normal, but necessary. He may continually overlook this as an item he could cut from his spending. When he talks to Paul, Paul recognizes this is a “want” and not a “need” and can help challenge Peter to target spending reductions in that area. In this case, Paul is more objective to the decision, where Peter may be biased because he really likes to watch lots of TV. Peter finds a solution by signing up for a streaming service which replaces his expensive TV programming for less than half the cost.

Mentors that you trust and that have demonstrated the results you want for yourself in their own lives can be very helpful to involve in our financial plans and strategies.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

What Guidance Does God Provide for Finances?

God has a lot to say about wisdom and folly, righteousness and wickedness in His word. Proverbs, in particular, is filled with wisdom that applies as much today as it did when Solomon wrote it thousands of years ago. Human nature has not changed and neither has application of God’s word for how we are to deal with our fellow man.

Let us explore some of what God has said in Proverbs 11 that pertains to finances. I have included a link to reference to the whole scripture but pulled out some selected verses that are more directly relevant to finances. We can walk through them together.

Proverbs 11

1A false balance is an abomination to the LORD,
But a just weight is His delight.

God clearly calls us to be treat one another as we would want to be treated. Be just and fair. Note the emphasis revealed through scripture… God is not just academically identifying right and wrong, but actually considers one an abomination and the other to bring delight! It matters to God and thus it should matter to us.

2When pride comes, then comes dishonor,
But with the humble is wisdom.

Let us not act in such a way as to honor ourselves or make ourselves feel better than others, but rather seek humility and seek to honor the Lord and treat others with respect.

3The integrity of the upright will guide them,
But the crookedness of the treacherous will destroy them.

Knowing and following God’s way provides a clear path to righteousness. Temptation of the flesh often tempts us to go the way of the world, but God wants us to live His way. When we pursue deceit and treachery, it will consume us and we will find no lasting satisfaction or joy.

4Riches do not profit in the day of wrath,
But righteousness delivers from death.

There is no amount of riches that will mean anything when it is time for us to leave this world and face judgment before God. Only our right relationship with God will matter. Why give that up just to try to get a few dollars more or even a lot of dollars more?

5The righteousness of the blameless will smooth his way,
But the wicked will fall by his own wickedness.

6The righteousness of the upright will deliver them,
But the treacherous will be caught by their own greed.

In business as in life, a righteous lifestyle of godly attitudes and behavior will take us closer to God and bring much success. Greed is an empty pit which can never be filled, it will consume you and dominate your life if left unchecked or worse, embraced.

14Where there is no guidance the people fall,
But in abundance of counselors there is victory.

In personal finances, whether budgeting or reducing debt or investing, do not try to do it all alone as if you have all the answers. Seek good counselors to help you! Seek firm guidance from God and those who have already experienced and overcome the challenges you face today.

15He who is guarantor for a stranger will surely suffer for it,
But he who hates being a guarantor is secure.

It is unwise to be a guarantor for someone you do not know. How can you trust them? Do not lend what you are not willing to give.

17The merciful man does himself good,
But the cruel man does himself harm.

18The wicked earns deceptive wages,
But he who sows righteousness gets a true reward.

Show mercy to others as you would like to receive yourself. Avoid cruelty. Treat others as you would like to be treated. You may think you get ahead with deceit and wicked schemes, but it brings much emptiness and trouble along with the ill-gotten gain.

24There is one who scatters, and yet increases all the more,
And there is one who withholds what is justly due, and yet it results only in want.

25The generous man will be prosperous,
And he who waters will himself be watered.

26He who withholds grain, the people will curse him,
But blessing will be on the head of him who sells it.

Be generous in helping others and give the glory to God. Bless others in His name and watch as the blessings flow into your own life. The blessings will almost surely outweigh what you gave, though it is not necessarily dollars that God gives you but rather joy and closer relationship with Him!

28He who trusts in his riches will fall,
But the righteous will flourish like the green leaf.

Trust not in money and wealth, but in God, Himself, and you will flourish.

It is not right or helpful to say “I was born this way” as an excuse to continue in wickedness or foolishness. To remain in foolishness does not improve our situation, does it? It does not help us manage our money or our lives more effectively, does it?

We are all born to sin and selfishness. No one needs to teach a child to grab or demand something for themselves or hit someone when they are angry, but we certainly need to teach them to forgive and share and think of others. We can say that an alcoholic may be born with a tendency to become addicted to alcohol but do we not encourage them to turn from it and overcome that sin rather than embrace it and accept it? Of course! So it is also with other sins.

We must be careful to look to God’s definition of sin, of right and wrong, rather than the world’s definition. If we follow a broken compass, will we not get lost?

Each of us must decide if we will take the difficult, narrow path that leads to Jesus or if instead we will stay on the wide, easy path that leads to eternal separation from God… following our own selfish desires and the deception of Satan.

I pray as many as will hear the good news of the gospel of Jesus Christ will accept it and travel the narrow path.

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Remember that all you have belongs to God. Manage your money God’s way and use it for His glory rather than your own. Visit GrowGodsMoney.org .

How Do We Deal With Those We Cannot Trust?

How shall we deal in business with those we know we cannot trust or even perhaps just those we are not sure we can trust?  We stand firm to the principles and values inherent in God’s word. Even while we work diligently to ensure others do not take advantage of us, we hold ourselves accountable not to take advantage of them.

Let us consider how Jacob prospered, documented in Genesis 30:25-43. Remember that Jacob was a relatively new believer at this point while he labored under Laban. Jacob was living his life committed to God but doing so imperfectly… like all of us who try to serve God.

As we read this scripture, remember that Laban was certainly not one to be trusted. He deceived Jacob quite significantly, in tricking him to marry the wrong daughter after seven years of work. Laban was looking out only for Laban. So, too, we can remind ourselves that Jacob was also not one to be trusted before he committed to follow God on his way to Laban’s. Prior to that, Jacob actually deceived his own father and brother to steal Esau’s birthright from him. However, here we see Jacob is maturing and learning to do things God’s way… hard work and honest accounting with the flocks.

Jacob Prospers

      25Now it came about when Rachel had borne Joseph, that Jacob said to Laban, “Send me away, that I may go to my own place and to my own country. 26“Give me my wives and my children for whom I have served you, and let me depart; for you yourself know my service which I have rendered you.” 27But Laban said to him, “If now it pleases you, stay with me; I have divined that the LORD has blessed me on your account.” 28He continued, “Name me your wages, and I will give it.” 29But he said to him, “You yourself know how I have served you and how your cattle have fared with me. 30“For you had little before I came and it has increased to a multitude, and the LORD has blessed you wherever I turned. But now, when shall I provide for my own household also?” 31So he said, “What shall I give you?” And Jacob said, “You shall not give me anything. If you will do this one thing for me, I will again pasture and keep your flock: 32let me pass through your entire flock today, removing from there every speckled and spotted sheep and every black one among the lambs and the spotted and speckled among the goats; and such shall be my wages. 33“So my honesty will answer for me later, when you come concerning my wages. Every one that is not speckled and spotted among the goats and black among the lambs, if found with me, will be considered stolen.” 34Laban said, “Good, let it be according to your word.” 35So he removed on that day the striped and spotted male goats and all the speckled and spotted female goats, every one with white in it, and all the black ones among the sheep, and gave them into the care of his sons. 36And he put a distance of three days’ journey between himself and Jacob, and Jacob fed the rest of Laban’s flocks.

      37Then Jacob took fresh rods of poplar and almond and plane trees, and peeled white stripes in them, exposing the white which was in the rods. 38He set the rods which he had peeled in front of the flocks in the gutters, even in the watering troughs, where the flocks came to drink; and they mated when they came to drink. 39So the flocks mated by the rods, and the flocks brought forth striped, speckled, and spotted. 40Jacob separated the lambs, and made the flocks face toward the striped and all the black in the flock of Laban; and he put his own herds apart, and did not put them with Laban’s flock. 41Moreover, whenever the stronger of the flock were mating, Jacob would place the rods in the sight of the flock in the gutters, so that they might mate by the rods; 42but when the flock was feeble, he did not put them in; so the feebler were Laban’s and the stronger Jacob’s. 43So the man became exceedingly prosperous, and had large flocks and female and male servants and camels and donkeys.

Laban realizes that he is blessed because of association with Jacob, who serves God. Jacob, despite his mistakes, has been a witness to Laban and Laban wishes him to stay. Before we give Laban too much credit, though, his reason for wanting Jacob to stay is selfish and greedy. He has financially prospered with Jacob. Laban shows no interest in worshipping or serving God or even thanking God.

Jacob, however, also realized that he needed to begin investing not only in Laban’s flock but also in preparing for his own household for the future.  Jacob was willing to leave without pay other than the wives (and children) he had agreed to previously… even though Laban’s flocks have clearly prospered under Jacob’s care. Jacob demanded nothing extra, and was willing to leave with only his agreed upon wages (e.g. his wives and children) and God’s promise. He did not demand more than he agreed to just because Laban had prospered. He did not resent Laban and wish him ill because of his success.

However, God made a way for Jacob to prosper from his hard work helping with Laban’s flocks for those fourteen years. When Laban suggests Jacob name his price, Jacob finds wisdom in a solution that meets both his need and Laban’s, so he stays. Jacob tends the flocks and prospers exceedingly.

Each of us should consider:

  • Am I planning responsibly for my future needs and those of my family similar to Jacob?
  • Do I trust God to provide for me, adhering to His principles and values?
  • Do I keep my word and live up to my agreements? or do I demand more from someone just because they prosper from the work I agreed to do?
  • Do I resent someone else’s success or am I satisfied with the wages I agreed to?
  • Of course, it is also acceptable when our agreements have concluded to negotiate for better terms in the future based on the quality of our work. If all parties agree, we have a new agreement. If not, we should not resent the other, but just make a different choice to pursue our goals… just as Jacob was willing to leave. At no point did Jacob perceive Laban to be his enemy or adversary.
  • Do I recognize that if / when God blesses his people in financial matters it seldom comes overnight or without hard work, faith, and planning? Jacob, like Abraham before him, trusted God and worked hard over many years to generate his wealth. God blessed his hard work and it was fruitful. God does not reward laziness or lack of faith.

Prayerfully consider how to apply these lessons to both how you generate your income as well as how you fairly deal with people you may not feel you can trust. We have the opportunity to represent God to those who do not know Him. Imagine their surprise when we deal fairly and unselfishly with them! Plan and prepare and work hard and trust God by doing things His way, rather than the way of the world.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

God Is Bigger Than the Mission He Gives Us

It is very tempting for each of us to plan our finances in a way that we can completely control every aspect. Trust only in ourselves. Take no or little risk.

What if God calls us to give in a way that stretches us beyond our comfort zone?  What if He calls us to accomplish a task that we don’t know how to fund? Are we foolish to take such a risk?

That depends on whether or not you trust God and your ability to hear from Him.

We can often get wrapped up in how big a challenge appears. We can think as if we have to make it happen all by ourselves. We do well to consider, however, that if God is the one who told us to go accomplish the mission, then He already knows how He will enable us to accomplish it. He will provide. We need only listen and obey, even if we don’t see how He will finish the task with us and through us.

Exodus 38:21-31

The Cost of the Tabernacle

      21This is the number of the things for the tabernacle, the tabernacle of the testimony, as they were numbered according to the command of Moses, for the service of the Levites, by the hand of Ithamar the son of Aaron the priest. 22Now Bezalel the son of Uri, the son of Hur, of the tribe of Judah, made all that the LORD had commanded Moses. 23With him was Oholiab the son of Ahisamach, of the tribe of Dan, an engraver and a skillful workman and a weaver in blue and in purple and in scarlet material, and fine linen.

      24All the gold that was used for the work, in all the work of the sanctuary, even the gold of the wave offering, was 29 talents and 730 shekels, according to the shekel of the sanctuary. 25The silver of those of the congregation who were numbered was 100 talents and 1,775 shekels, according to the shekel of the sanctuary; 26a beka a head (that is, half a shekel according to the shekel of the sanctuary), for each one who passed over to those who were numbered, from twenty years old and upward, for 603,550 men. 27The hundred talents of silver were for casting the sockets of the sanctuary and the sockets of the veil; one hundred sockets for the hundred talents, a talent for a socket. 28Of the 1,775 shekels, he made hooks for the pillars and overlaid their tops and made bands for them. 29The bronze of the wave offering was 70 talents and 2,400 shekels. 30With it he made the sockets to the doorway of the tent of meeting, and the bronze altar and its bronze grating, and all the utensils of the altar, 31and the sockets of the court all around and the sockets of the gate of the court, and all the pegs of the tabernacle and all the pegs of the court all around.

Think about how overwhelming the mission could or perhaps did appear to Moses and the Israelites to build the tabernacle. They were in the desert, not in a land of plenty! Yahweh laid out very specific instructions and a grand scale for the tabernacle. The people could easily have thrown up their hands and made excuses why it was not possible. They could have quit even before they started. They did not. And consider what they accomplished!

Are you facing a mission or challenge that God has called you to complete? Does it feel overwhelming? Do not be discouraged or find reasons to reject the challenge. Instead, trust in Him, seek Him, and obey His instructions and guidance. You will be amazed at what He can accomplish through His people.

Want to learn more about how to pray effectively? This includes listening as well as asking… try the following resources:

  • HearingFromJesus.org /Learning To Pray Effectively – teaching on effective prayer based on scripture
  • HearingFromJesus.org/categories/HearingFromGod – collection of devotions and scripture referencing hearing from God
  • Experiencing God, by Henry and Richard Blackaby, is a modern classic that has sold millions of copies worldwide. Experiencing God is based on seven Scriptural realities that teach us how to develop a true relationship with the Creator. By understanding how God is working through us even as we try to fathom His ways, we can begin to clearly know how to relate to Him.
  • Experiencing Prayer with Jesus, by Henry and Norman Blackaby,  takes you into what many aren’t experiencing in their prayer life – intimacy with God. Experiencing Prayer with Jesus is not simply more information about prayer, but rather a leading into a life-changing encounter with Christ.
  • Hearing God’s Voice, by Henry and Richard Blackaby, is for those who are ready to listen. Henry Blackaby and his son Richard help those who are listening to discern the voice of God, to identify ways He speaks, and to respond to His revelations of His will.

Remember that all you have belongs to God. Manage your money God’s way and use it for His glory rather than your own. Visit GrowGodsMoney.org .

Wise Are Those Who Follow God’s Instruction

Are you looking for some “get rich quick” schemes and gimmicks? or are you looking for wisdom and advice that has stood the test of time. I find all of the wisdom in Proverbs to be applicable to our lives and situations today. Human nature has not changed and neither has God’s wisdom for how we should manage our relationships with other people and manage our own decisions for how to live our life and manage our finances.

Read Proverbs 10 with the belief that God can speak to you through it about specific things you should keep doing or change regarding your life decisions. Pray He would give you insight into applying the wisdom specifically for your life.

Proverbs 10

  1The proverbs of Solomon.
A wise son makes a father glad,
But a foolish son is a grief to his mother.

      2Ill-gotten gains do not profit,
But righteousness delivers from death.

      3The LORD will not allow the righteous to hunger,
But He will reject the craving of the wicked.

      4Poor is he who works with a negligent hand,
But the hand of the diligent makes rich.

      5He who gathers in summer is a son who acts wisely,
But he who sleeps in harvest is a son who acts shamefully.

      6Blessings are on the head of the righteous,
But the mouth of the wicked conceals violence.

      7The memory of the righteous is blessed,
But the name of the wicked will rot.

      8The wise of heart will receive commands,
But a babbling fool will be ruined.

      9He who walks in integrity walks securely,
But he who perverts his ways will be found out.

      10He who winks the eye causes trouble,
And a babbling fool will be ruined.

      11The mouth of the righteous is a fountain of life,
But the mouth of the wicked conceals violence.

      12Hatred stirs up strife,
But love covers all transgressions.

      13On the lips of the discerning, wisdom is found,
But a rod is for the back of him who lacks understanding.

      14Wise men store up knowledge,
But with the mouth of the foolish, ruin is at hand.

      15The rich man’s wealth is his fortress,
The ruin of the poor is their poverty.

      16The wages of the righteous is life,
The income of the wicked, punishment.

      17He is on the path of life who heeds instruction,
But he who ignores reproof goes astray.

      18He who conceals hatred has lying lips,
And he who spreads slander is a fool.

      19When there are many words, transgression is unavoidable,
But he who restrains his lips is wise.

      20The tongue of the righteous is as choice silver,
The heart of the wicked is worth little.

      21The lips of the righteous feed many,
But fools die for lack of understanding.

      22It is the blessing of the LORD that makes rich,
And He adds no sorrow to it.

      23Doing wickedness is like sport to a fool,
And so is wisdom to a man of understanding.

      24What the wicked fears will come upon him,
But the desire of the righteous will be granted.

      25When the whirlwind passes, the wicked is no more,
But the righteous has an everlasting foundation.

      26Like vinegar to the teeth and smoke to the eyes,
So is the lazy one to those who send him.

      27The fear of the LORD prolongs life,
But the years of the wicked will be shortened.

      28The hope of the righteous is gladness,
But the expectation of the wicked perishes.

      29The way of the LORD is a stronghold to the upright,
But ruin to the workers of iniquity.

      30The righteous will never be shaken,
But the wicked will not dwell in the land.

      31The mouth of the righteous flows with wisdom,
But the perverted tongue will be cut out.

      32The lips of the righteous bring forth what is acceptable,
But the mouth of the wicked what is perverted.

Notice how God’s word integrates how we deal with our money into a broader context of righteousness or wickedness. How we manage our money is absolutely a function of our relationship with God and the condition of our heart in submission to Him. One can not be fully righteous without learning how to deal properly with finances according to God’s word. Conversely, one who becomes increasingly righteous will understand much about managing finances.

God provides clear warning about the dangers of the love of money. Money must never be our master, but rather a tool or servant to help us serve God while we are here on this earth.

Matthew 6:24 “No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to one and despise the other. You cannot serve God and wealth.”

1 Timothy 6:10 For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.

What behaviors or attitudes do you need to change in your life? Pray for God’s help in dealing with money.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

How Is Financial Planning Like the Super Bowl?

The Super Bowl is considered by many to be one of the most important sporting events in the world each year. Many from around the world tune in to watch it even if “their team” did not make it to the final game. Much time and preparation is spent certainly by the teams in preparing for the game, but even by many spectators and fans around the world as they prepare parties and tailgating and other such events to watch the game.

Many people spend more time preparing for, watching, and then talking about the Super Bowl then they actually spend preparing their personal financial strategies. One could spend a little time reflecting on which will ultimately be more important for each of us… but we quickly conclude that perhaps we should spend a little more time planning our finances, even if we have to wait until the big game is over and behind us.

Financial planning may not sound like much fun, so let’s try to make it a bit more interesting. In some ways it is like preparing for the Super Bowl.  Without good planning and execution, you will never win. “Luck” or “winging it” is just not good enough to carry you to victory. Proper preparation for a Super Bowl victory begins before the season every starts.

Start with the end in mind. Teams don’t just show up in training camp with the intent to “play football”… if they do, they do not win very much. They must define success and goals along the way to evaluate their performance in moving toward that success. Winning teams come into the season planning to play for the Super Bowl rings! They don’t just plan to play catch and throw and suddenly find themselves in the Super Bowl. There is short term sacrifice for long term success.

Similarly, for our financial planning you must define what success looks like for you. Define your personal goals and steward progress toward them. Think big! Do not limit yourself to simply having money for earthly things, but also to store up treasure in heaven. How you view your success will strongly influence how you play the game!

Define your goals… define success.

  • Matthew 6:20-21 20“But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; 21for where your treasure is, there your heart will be also.
  • 2 Corinthians 9:7 –  7Each one must do just as he has purposed in his heart, not grudgingly or under compulsion, for God loves a cheerful giver.
  • Proverbs 22:9 –   9He who is generous will be blessed, For he gives some of his food to the poor.

Steward your progress toward those goals and make adjustments when called for. If something is not working as you expected, do not be afraid to consider making “in game” adjustments to your game plan.

  • In Matthew 25:14-30, Jesus teaches us through the parable of the talents that a good steward periodically checks on the effectiveness of his efforts and makes adjustments according to their performance.

With every game there are rules. If you do not know the rules and play by them, you will likely not do well on the field. Penalties for failing to follow the rules can ruin your game. In finances, as with most of life’s challenges, God has laid out the rules for us in the Bible. Know what God says about how we should treat others and how we should conduct our earthly affairs. It is also true that man has added some rules, called laws, as well. We should heed both sets of rules.

  • Proverbs 22:11A good name is to be more desired than great wealth, Favor is better than silver and gold.
  • Proverbs 22:55Thorns and snares are in the way of the perverse; He who guards himself will be far from them.
  • Ecclesiastes 12:13-1413The conclusion, when all has been heard, is: fear God and keep His commandments, because this applies to every person. 14For God will bring every act to judgment, everything which is hidden, whether it is good or evil.

Plan carefully and seek wise counsel. Do you ever see a winning Super Bowl coach who did not have a staff of assistant coaches… advisors? The head coach makes the final decisions, but the good ones listen to the advice of others and weigh carefully in their decisions the counsel of others.  Surround yourself with bad counselors and you will fail.

  • Proverbs 22:3 – 3The prudent sees the evil and hides himself, But the naive go on, and are punished for it.
  • Proverbs 15:2222Without consultation, plans are frustrated, But with many counselors they succeed.
  • Proverbs 14:15 –   15The naive believes everything, But the sensible man considers his steps.

To win at any level, you should carefully evaluate your gear… your tools. In football, you need the right shoes, gloves, helmet, pads, ball, etc. In financial planning, the tools you use (or don’t) are also important. They can be of great help or set you up to underperform your abilities. We recommend you visit our Resources section of our website to find some organizations we recommend that provide helpful tools to assist you in “elevating your game”… to be more effective and successful in planning and managing your finances.

It is important to focus on fundamentals to excel. No team will win the Super Bowl on trick plays and misdirection if they do not also have strong foundation in executing the fundamentals well.

Super Bowl Champions do not start with trick plays and 80 yard touchdown plays as their foundational strategy and neither should you in your financial planning.  Avoid greed… assuming you can win with a few big plays… a few high risk investments that are “sure to pay out”. You may want to put a few in as diversification, but don’t put yourself in a position to win or lose solely on “making the big play” over and over again. To those who love money, they will never have enough. Money is a tool to serve God and to support yourself and your family. The draw to “get rich quick” brings much risk.

  • 1 Timothy 6:10 –  10For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs.
  • Ecclesiastes 5:1010He who loves money will not be satisfied with money, nor he who loves abundance with its income. This too is vanity.

Let’s talk more about your Offense (e.g. earning money) . Offense wins games. Your offensive stars:

  •  Hard work and a great attitude are a formidable pair. Develop a skill and work hard to generate income.
    • Colossians 3:2323Whatever you do, do your work heartily, as for the Lord rather than for men,
    • Proverbs 6:9-11 – 9How long will you lie down, O sluggard? When will you arise from your sleep? 10“A little sleep, a little slumber, A little folding of the hands to rest”— 11Your poverty will come in like a vagabond And your need like an armed man.
  • Invest your financial resources for growth. Don’t stuff your mattress with cash in hopes of avoiding risk.
    • Matthew 25:14-30 – Jesus teaches us through the parable of the talents. Click the link to read the scripture.
    • Ecclesiastes 11:1 –   1Cast your bread on the surface of the waters, for you will find it after many days.
  • Diversify investments to manage risks.
    • Ecclesiastes 11:22Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.

Finally… Defense wins championships! No one can win unless they can stop the other team from scoring. Similarly, no one can earn enough money to win the game if they spend like drunken sailors. Just consider government spending, which almost always outpaces essentially unlimited income from taxes – it is never enough to satisfy those in government. Defense requires discipline.

  • Control spending.  Set a budget that matches your income and stick to it in order to control spending. This budget should include short term “monthly expenses” but also saving ahead for long term expenses like a house, university education, future medical expenses, retirement, and contingency funds for the unknown.
  • Control debt. Carefully consider any debt before committing.
    • Proverbs 22:77The rich rules over the poor, And the borrower becomes the lender’s slave.
    • Romans 13:8 –  8Owe nothing to anyone except to love one another; for he who loves his neighbor has fulfilled the law.
  • Save money. Save for known expenses and for unknown. Save for today, and save to have money to invest tomorrow.
    • Proverbs 6:6-8 –  6Go to the ant, O sluggard, Observe her ways and be wise, 7Which, having no chief, Officer or ruler, 8Prepares her food in the summer And gathers her provision in the harvest.

Perhaps with a little less fanfare, do not forget Special Teams. They may not affect every down, but they can make the difference in a win or a loss. Prepare for long term expenses such as buying a car, paying off a house, paying for college education, preparing for retirement. To be successful, you must prepare for these things in advance… you can not wait until the special teams is on the field to start planning !

One last piece of advice for your game plan in financial planning… even with the best game plan, you can’t win if you don’t start playing the game! Don’t wait for the “perfect” time to get started.

Ecclesiastes 11:44He who watches the wind will not sow and he who looks at the clouds will not reap.

(If you are too worried about the clouds and winds to start preparing the fields and planting the crops… waiting for perfect conditions… you will not have a harvest. The perfect time never comes. Look only for a good or appropriate time to get started.)

Hope you enjoyed reading as much as I enjoyed writing it. If you prefer a “non-football” version, please review our Guiding Framework.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .