Today's speaker, a financial planner, helped us gain some perspective on money and how to plan for our future.
We learned that stewardship is how we relate to the time, talents, and treasures that God has blessed us with. And that money is only a TOOL to accomplish the things that are truly important.
The number one tip for financial planning is to:
HAVE A PLAN/GOAL!!!!
Investing is a long term goal/plan.
It is not a game/hobby/competition to be won.
We need to keep the long term goal in mind. There may be "bumps" and detours along the way. Just keep asking: "Are we making progress towards our GOAL?"
We should consider what God is asking us to do with what we have.
Also, practice contentment instead of always wanting more (or better) things.
When you do invest, the KEY is to DIVERSIFY. You want to find just the right investment mix (asset allocation). Do not put all of your money into one stock/investment; that is too RISKY. Also, do not buy into all the advertising. You want to have about 30-50 different investments and they just have to be above average investments.
If you have more questions or are interested in working with a financial planner, I will be posting our speaker's contact info on our Facebook group's timeline.
This blog is dedicated to the Moms of Influence group at Northbrook Church in Richfield, WI.
