Christian Investing: Is Your Money Working For You?

Christian investing, as used in this article, is a reference to allocating money into items with the hope of making a profit, in a godly way.

Stocks, bonds, real estate, and businesses are common items in which to invest. Believers should strive to make a profit without causing harm to others.

In other words, Christian investing excludes our being "loan sharks" who commit violent acts for the sake of profit (smile), among other things.

This subject matter is important because one day many of us will want to live without working - retirement. If we don’t have enough money working for us then we will have to keep working for the money or live off of the charity of others. Charity is running mighty thin these days.

Financial literacy and financial discipline are key elements in Christian investing. The following sites that do a great job of offering financial literacy:

1. Christian Personal Finance. This site has numerous articles in categories like budgeting, investing, getting out of debt, making money, "organize and simplify," and "money and the Bible."

2. Financial Planning. This site features many helpful articles. Budgeting, planning for life stages, tax planning, and financial tools are just some of the many article categories. You can even sign up for a free news letter to receive the newest information.

As for financial discipline, I offer the following tips:

1. Remember that Christian investing is a spiritual matter. Some think that this is simply a personal matter. However, it is a spiritual matter that we will have to give an account for at judgment (see Financial Stewardship).

2. Secure a helpful advisor. (click here to see full article) Here are four things to look for in securing a financial advisor. First, look for the advisor's education and experience. Second, look for how the advisor is paid (i.e., flat fee, commission, etc.).

Third, look for testimonials and referrals of actually customers. And fourth, look at their plan (i.e., what information do they need from you, what will they put in your hands, and by when).

3. Remember that knowing is not the same as doing. It is easy to be a professional student of stewardship, without practicing what you have learned.

Push yourself to put into practice the things you are learning about and that fit into your goals and plans. The more you learn, the more you should actually do what you learned.

4. Consider securing an accountability partner. There is something about two people being accountable to one another that helps them carryout what they set out to do.

It is easier to talk ourselves out of doing right than it is to talk our accountability partner out of doing right (see Accountability Partners).

In summary, Christian investing calls for financial literacy and discipline. These three websites will help with literacy. And the four tips will help with discipline.

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