I use to avoid the topic of investing like the plaque. I knew nothing about it except that men in fancy suits with lots and lots of money knew a lot about investing and made lots of money doing it. I had zero interest in doing it myself. That is until Jesus taught me to invest my money and not squander it or frivolously spend it.
First, lets address the rich man who came to Jesus. When Jesus told him to sell of all he had and then come follow him, he wasn’t condemning his wealth in any way. Scripture says that we’re not to love money or trust money, more than we love or trust God.
The rich man obviously chose money over Jesus, therefore, he went home feeling badly about his choice.
This story in NO WAY, means that we’re to be poor in order to be in the Kingdom. There were plenty of wealthy men and woman written about in scripture. Queen Esther, Joseph, King Solomon, King David, and several others whom God used to further his Kingdom.
This means that the first thing you need to ask yourself is if you have a mindset about money that is damaging. Do you think about it all day long? Do you worry about it, put your faith in it, fight over it, or even divorce over it? If you’ve responded with a yes to these questions, then perhaps its time to gain some freedom in your mind about money.
Lets see if this helps:
Proverbs 11:28 He who trusts in his riches will fall, but the righteous shall flourish as the green leaf.
Ecclesiastes 5:10 Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless.
Psalm 62:10 ..if riches increase, do not set your heart on them.
Philippians 4:11-13 Not that I speak from want, for I have learned to be content in whatever circumstances I am. I know how to get along with humble means, and I also know how to live in prosperity; in any and every circumstance I have learned the secret of being filled and going hungry, both of having abundance and suffering need. I can do all things through Him who strengthens me.
Now that you have more scriptural clarity around money, and you understand that its not an ‘evil’ thing, but simply a tool to enlarge your territory for God’s Kingdom, lets talk about HOW to control your money so you can invest wisely.
There are many methodologies taught for controlling money. The method I learned many years ago was taught to me by a man who created the The Millionaire Mindset. His name is T. Harv Ecker. Now most Christians learned the Dave Ramsey method, or perhaps the Joseph Sengl method. Whomever you choose to learn from, be 100% sure they are teaching you how to cancel debt and invest to get a return on your investment (often called an ROI).
Here is how I spend and save money:
GIVE = 10% Tithing Where You Feel Spiritually Fed
NEC = 55% Necessities; Gas, Food, Clothes, Insurance, Etc
FFA = 10% Financial Freedom Account For Investing
LTSS = 5% Long Term Spending & Savings Is An Emergency Fund
EDU = 5% Educational Expenses
PLAY = 5% Work Hard, Play Hard
You can choose to put any amount of percentage in each account. Many of my friends and I choose this method because it brings so much more freedom than simply paying off debts. It allows us to invest, have an emergency fund and even play after working so hard to earn it.
I want to challenge you today to choose freedom over being enslaved. Choose to invest in whatever you purchase rather than spend or hoard. The next time you go to the grocery store think about how you can invest in your health rather than deplete it with junk food. What you choose to Invest in is all a matter of perspective! :-)