He Said It! I Did It! Lesson 5: Invest, Invest, Invest!
In 2005, Georgia United Methodist Foundation former board of trustee Charles W. Buffington Jr. and his son, Charles W. Buffington III, co-authored and published a book. “He Said It! I Did It!” takes readers on a journey to financial freedom that results in a life of abundance that honors God.
In lesson five of this 10-part series, the Buffingtons underscore the power of investing. They recommend investing your monthly surplus dollars in financial tools like a 401(k), stocks, and mutual funds that will increase in value. Even if the market dips for a time, by steadily investing over the long haul, they note that you can achieve great results. Here are a few steps you can take to increase your net worth.
Lesson 5: Invest, Invest, Invest!
- Assets are anything you purchase. You can choose to put money into appreciating assets or depreciating assets. The choice is yours.
- Appreciating assets will exponentially increase your financial scorecard.
- Take advantage of 401(k)s, 403(b)s and Roth IRAs. Your company and the government are offering you free money. Take it!
- A little bit of money every month will grow into a mountain of wealth over time.
- Do not worry about fluctuations in the market. Dollar cost averaging will make up for any short-term losses.
- Homeownership is awesome! Find a way to own a home whether you are single or married. It is a great investment.
- Avoid investing in stuff. The money you invest in stuff will work against your long-term vision.
- There is a huge opportunity cost in spending money on depreciating assets.
Continue the Lesson. Study these Scriptures to understand what God says about investing.
Matthew 25:14-29: “Again, it will be like a man going on a journey, who called his servants and entrusted his wealth to them. To one he gave five bags of gold, to another two bags, and to another one bag, each according to his ability. Then he went on his journey. The man who had received five bags of gold went at once and put his money to work and gained five bags more. So also, the one with two bags of gold gained two more. But the man who had received one bag went off, dug a hole in the ground and hid his master’s money. “After a long time the master of those servants returned and settled accounts with them. The man who had received five bags of gold brought the other five. ‘Master,’ he said, ‘you entrusted me with five bags of gold. See, I have gained five more.’ “His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!’ “The man with two bags of gold also came. ‘Master,’ he said, ‘you entrusted me with two bags of gold; see, I have gained two more.’ “His master replied, ‘Well done, good and faithful servant! You have been faithful with a few things; I will put you in charge of many things. Come and share your master’s happiness!’ “Then the man who had received one bag of gold came. ‘Master,’ he said, ‘I knew that you are a hard man, harvesting where you have not sown and gathering where you have not scattered seed. So I was afraid and went out and hid your gold in the ground. See, here is what belongs to you.’ “His master replied, ‘You wicked, lazy servant! So you knew that I harvest where I have not sown and gather where I have not scattered seed? Well then, you should have put my money on deposit with the bankers, so that when I returned I would have received it back with interest. “‘So take the bag of gold from him and give it to the one who has ten bags. For whoever has will be given more, and they will have an abundance. Whoever does not have, even what they have will be taken from them.
- All that we have to invest is given as a trust from the Lord.
- Our resources are aligned to our current level of readiness to handle them.
- Good stewards (managers) study and invest wisely, looking for a good return on investment. The unwise steward is lazy and fearful. He also has a distorted view of the Lord.
- There is always a time of accountability where the faithful person is rewarded and the unfaithful suffers.