Jesus teaches us in Matthew 25, through the parable of the talents, not only that we should invest, but that a good steward periodically checks on the effectiveness of his investments and makes adjustments according to their performance.
Parable of the Talents
14“For it is just like a man about to go on a journey, who called his own slaves and entrusted his possessions to them. 15“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. 16“Immediately the one who had received the five talents went and traded with them, and gained five more talents. 17“In the same manner the one who had received the two talents gained two more. 18“But he who received the one talent went away, and dug a hole in the ground and hid his master’s money.
19“Now after a long time the master of those slaves came and settled accounts with them. 20“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.’ 21“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.’
22“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.’ 23“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.’
24“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. 25‘And I was afraid, and went away and hid your talent in the ground. See, you have what is yours.’
26“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. 27‘Then you ought to have put my money in the bank, and on my arrival I would have received my money back with interest. 28‘Therefore take away the talent from him, and give it to the one who has the ten talents.’
29“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. 30“Throw out the worthless slave into the outer darkness; in that place there will be weeping and gnashing of teeth.
There are a growing number of personal financial tools available to help us manage and steward our finances ranging from debt and spending to investing. Consider common software tools like Quicken or online tools as recently reported in an article in US News & World Report article, 10 Personal Finance Tools You Should Use Now. There are also tools to help manage personal investment performance across multiple investment accounts like the one available for free online at Personal Capital.
We have no affiliation with any of these specific tools, nor any financial incentive to recommend any particular tool. Neither have we tested all of these tools personally. Rather, our intent is to highlight to those who may not realize it that there are a lot of useful tools available today that you can review and consider to help steward your personal financial plan. Naturally, you can also consider professional investment advice, for a fee, but even with that you will want to validate the guidance they are giving you.
For those who are familiar with Microsoft Office or similar tools, there is always a simple Excel spreadsheet you can make yourself, with complete privacy to develop and steward key elements to your financial plan. And for those that prefer to avoid computers… who are probably not reading my article right now… pencil, paper and calculator still work just fine so long as you have the discipline to apply it frequently enough.
The bottom line is that to be successful in executing our personal financial plan we must steward it. We must track data on performance and then review the data and make decisions on whether to stay the course or make a correction or change to our strategy.
We must be vigilant to avoid laziness or complacency in managing the money we have already gained.
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.
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.
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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .