041: Biblical Investing—What Keeps Us From Action?

 Matthew 25:18 But he that had received one went and digged in the earth, and hid his lord’s money.

While most of us would hesitate to align our thinking with the unfaithful steward, there are still many hindrances that we allow to keep us from saving and investing for the future.

 

In This Episode, We Look At:

Obstacles that keep us from investing:

Time

Time seems to be the most prominent deterrent. I don’t have spare time to try and learn about investing; there are more important matters that require my full attention. {editor's note from Troy: This was my problem for decades. I'm a smart guy who simply didn't bother to put much thought into personal finance.}

Money 

Many believe they do not have the resources to start investing, or they view the amount they are able to invest as too insignificant to make an impact.

That belief can lead to putting off action, resulting in the thought that they will start investing when they are making more money.

Misconceptions

Some people struggle with the belief that they could actually accumulate a large sum of money for the future. $500,000 or $1,000,000 seems unattainable to them. Another misconception is that investing is an activity through which people lose a lot of money. It’s a dangerous game that only the pros can play.

We are comfortable with the “Here and Now”

Suddenly we find ourselves with all of these needed bills and very little financial breathing room.

One day we wake up and realize we are not twenty anymore, and that we are way behind in this business of saving!

We Spend

“Beware of little expenses; a small leak will sink a great ship” –Benjamin Franklin

Of course we have no problems spending money in areas that bring us pleasure, satisfaction, or areas we deem as important.

 

Today's Resources and Links:

Article: "Why We Don't Save, and How to Change That", by Tim Rosen

Article: "How to Boost Your Retirement Confidence"

 

One Thing You Can Do Today to Improve Your Faith and Finances:

Think 5, 10, and 20 years down the road. Should the Lord tarry His return, you will still need income. Saving and investing are the more effective means to prepare for such time. I want to encourage you to determine to take care of you and your family by planning for your financial future.

 

What Are Your Thoughts?

If you have a question or comment about today's topic, we invite you to share your thoughts.