Welcome to Day #21 of your “30 Days To Breakthrough” journey.

Today is the last day of the 7 days series about Stewarding Your Treasure. Tomorrow we begin our fourth 7-day series about Stewarding Your Temple (Body).

Here is a summary of what we covered this week:

Day 15 – The 10-10-80 Principle
Day 16 – God’s Five Principles Of Financial Freedom
Day 17 – Keep Good Records
Day 18 – Plan Your Spending
Day 19 – Breaking Out Of The Debt Trap
Day 20 – Emergency Savings and Insurance
Day 21 – Investing

Before we move on to today’s topic, I’d like you to write down the most important life lesson you learned this week.

QUOTE
Fear should never drive investment decisions!

LESSON
An investor must begin somewhere. But before you allocate money to any investment option, first pray, set goals, and understand basic investment wisdom. Realize that investing isn’t meant to be an overnight get-rich-quick success; it’s a long-term undertaking that shouldn’t adversely impact your daily life.

Investing 101 – Simple guidelines for wise investing

1) An investment should be simple to understand and easy to track.

2) Investments mustn’t change your lifestyle or cause stress or worry for you or your family.

3) Investments must have liquidity so you can get your money back in case of an emergency.

4) You should be able to handle the investment yourself, and develop it with little administrative time.

5) Invest with purposeful goals, such as retirement, education, tax shelter, and so on.

6) Don’t allocate money for investing if your family budget doesn’t allow for investing.

7) Avoid personal liability and remember that surety is always an unwise investment strategy.

8) Evaluate risk and return, and if you can’t afford to lose it don’t invest it.

9) Never encumber all of your assets, keep at least half of your investment debt-free.

10) Be patient and remember that most get-rich-quick schemes rely on greed and quick decisions.

11) Follow Solomon’s counsel – diversify and don’t put all your eggs in one basket.

QUESTION
Lord, what counsel do you have for me regarding investing?

LINK
How to Make the Right Investing Decisions by Austin Pryor for Sound Mind Investing

PRAYER
Heavenly Father, you teach us in the Bible to seek to multiply what you entrust to you. Guide me to invest my money wisely. In Jesus name, I pray. Amen.

Blessings to invest your money wisely!

R. Joseph Peck, M.D.
“Blessed to be a blessing”
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