By Bob Barber, CWS®, CKA®
- Establish written financial goals: PROVERBS 20:5, PROVERBS 21:5
- Seek wise financial and investment counsel: PROVERBS 19:20
- Cultivate a long-term perspective: LUKE 14:28
- Diversify your portfolio: ECCLESIASTES 11:2
- Consistency is crucial, don’t make haste to “get rich quick”: PROVERBS 28:20-22
- Avoid risky investments if you can’t afford a loss: ECCLESIASTES 5:13, 15
- Avoid high leverage: PROVERBS 22:7
- Monitor your anxiety: PSALM 131:1
- Establish limits on the amount you invest: PROVERBS 15:16, PROVERBS 30:8
- Share and discuss decisions with your spouse: GENESIS 2:24
REVIEW THESE SPECIFIC QUESTIONS BEFORE YOU MAKE ANY INVESTMENT DECISIONS:
Could I be investing unwisely due to any of the following attitudes?
Greed: I TIMOTHY 6:9, PROVERBS 22:9
Pride: PROVERBS 16:5
Fear: PROVERBS 18:11
Am I presuming on the future and creating anxiety for myself or my family? MATTHEW 6:25, PHILIPPIANS 4:6-7
