By Bob Barber, CWS®, CKA®
The foundation. God owns it all.
“The earth is the Lord’s, and everything in it, the world, and all who live in it.” Psalm 24:1
There is a time for everything. A time for economic booms, busts, and booms again.
“There is a time for everything, and a season for every activity under the heavens.” Ecclesiastes 3:1
It’s time, not gambling and trying to time the markets, that creates long term wealth
“Dishonest money dwindles away, but whoever gathers money little by little makes it grow.” Proverbs 13:11
The month to month value of my portfolio is not tied to my self worth
“I am not saying I need anything. I have learned to be happy with whatever I have. I know how to get along with little and how to live when I have much. I have learned the secret of being happy at all times. If I am full of food and have all I need, I am happy. If I am hungry and need more, I am happy. I can do all things because Christ gives me the strength.” Philippians 4:11-13
I will not allow social media or professional doomsayers with conspiracy theories, deceptions, lies, and alternative motives to influence me.
“Be alert and of sober mind. Your enemy the devil prowls around like a roaring lion looking for someone to devour.” 1 Peter 5:8
I believe in the Biblical guidelines of diversification.
“Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.” Ecclesiastes 11:2
I will pray and seek God’s word over social media, news, the internet, and TV driven by fear and emotions.
“Whoever dwells in the shelter of the Most High will rest in the shadow of the Almighty.” Psalm 91:1
I refuse to live in a spirit of fear over what the markets are doing from day-to-day
“For God has not given us a spirit of fear, but of power and of love and of a sound mind.” 2 Timothy 1:7
I choose not to go it alone
“Plans fail for lack of counsel, but with many advisers they succeed.” Proverbs 15:22
“If two lie down together, they will keep warm. But how can one keep warm alone? Though one may be overpowered, two can defend themselves. A cord of three strands is not quickly broken.” Ecclesiastes 4:11-13