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A strategy that works
Session 4 (Master your money DVD) has helped us get a handle on cutting our expenses (living, debt, and taxes) so that we can increase our cash flow. Now we must ask a key question: Why?
Who do we need more money? Perhaps that's a foolish question. But we need to answer it honestly.
As stewards we are responsible to manage prudently the resources God has given us. This involves investing.
What is an investment? Something you put money into that is growing in value or has an economic return. Therefore, a car is almost never an investment. Rarely does it grow in value or have an economic return. A home may fulfill that defination, but its primary purpose is not to make money but to provide shelter. Follow the Sequential Investment Strategy step by step (See page 73 in the Master your money workbook) and you can grow prudently rather than jumping ahead into risky ventures you're not prepared to take.
Remember the story of the talents (Matthew 25:14-30)? Our Father obviously prizes diligence and ingenuity in investing His reources so that they expand and grow.
Even so, we need to step back and gain some prespective on investing. While He encourages us to be wise managers, He also wants us to maintain balance in pursuing our financial goals. So here's a timely reminder from His Word:
Do not overwork to be rich; because of your own understanding, cease! Will you set your eyes on that which is not? For riches certainly make themselves wings; they fly away like an eagle .... (Pro 23:4-5)
Our Father's priorities are clear. There's no get-rich-quick scheme in His Word you can follow. If you pursue money, it will only fly away from you faster. And lead you down paths that head toward destruction.
Instead, He calls for faithfulness. Is that your top priority?
Action Item:
Look again at the Sequential Investment Strategy on page 73 in the workbook. Evaluate any investments you have currently. Where do they fit in the steps? Have you taken any steps out of sequence? What actions will you take to get started properly with step one?
Today's Bottom Line
Investments of excess cash flow should be made with a sound strategy, pure motives, and diligent faithfulness.
This article is adapted
from Master your money
