Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | January 16, 2021

Select a Page:
Select a Page:
Scroll to top

Top

Email Featured
No Comments

Why Having A Financial Plan Matters Now More Than Ever

(Photo by Ken Teegardin) (CC BY-SA) (Resized/Cropped)

In our culture of 24 hour financial news channels and websites, we are blitzed with news stories and articles which claim to be for our benefit but in substance are truly crafted to provoke clicks and views. Flip or click on any financial news outlet and you are likely to meet numerous flashing red banners declaring “breaking news” and article after article of financial strategies written by content creators who know nothing about your personal financial circumstance- yet bid you to make drastic changes to your investments and finances.

The reason financial planning matters now more than ever is because we find ourselves barraged by impersonal and unsound financial advice, advocating for short-term fixes that don’t really work, now more than any other point in history.

Contradictory to today’s conventional wisdom, the foundation of a strong and successful financial life is not the blind quest for a higher net worth through short-term strategies. The foundation for strong and successful finances is the process of making personalized life decisions with wisdom and purpose, also known as financial planning.

Proverbs 21:5- The plans of the diligent lead to profit as surely as haste leads to poverty.

Almost all financial plans should address long-term investing, retirement planning, budgeting, debt management, and estate planning. But a simplified and biblical way to think about managing finances wisely is through Ron Blue’s Four Principles for Managing Money:

  • Spend Less than you earn
  • Avoid the use of Debt
  • Build Flexibility and Margin into your finances
  • Set Long-Term Goals to achieve.

If there is anything certain the Corona Virus has taught us throughout this crisis it’s that the world is uncertain. We’ll never know exactly what lies around the corner economically in the next week, month, year, or decade; but we can control how we manage the resources God has given us to steward and use. Financial Planning and taking a long-term approach with our finances is the cornerstone of wise financial stewardship, despite our culture telling us opposite.

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Trending Now on Affluent Christian Investor

Sorry. No data so far.

What We’re Looking At Today

  • Full video: Jordan Peterson on the Channel 4 Controversy and Philosophy of "How to be in the World"
    January 28th, 2018
  • Be Grateful for the Intelligent Design of Your Eyes
    December 23rd, 2017
  • TAX REFORM: The Most Important Things You Need to Know
    December 22nd, 2017
  • What Is 6th Gear? » Intermittent Fasting And Keto
    December 18th, 2017
  • DiscoveryInstitute
    December 7th, 2017
  • The King’s Choice – SAMUEL GOLDWYN FILMS
    October 12th, 2017

    • Follow Us

    Facebooktwitterrss

    Like us on Facebook

    Affluent Investor

    The Affluent Mix

    Become An Insider!

    Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "The Christian’s Handbook For Transforming Corporate America."

    Send this to a friend