Some Unique but Truthful Components of Rock Solid Planning

 Five Key Principles of Rock Solid Planning

1.   Understand that God owns it all.                            Psalm 24:1

           ·We are simply managers of His resources.   

          · God can take whatever He wants, whenever He wants.  

           ·Every spending decision is a spiritual decision.  

           ·Stewardship cannot be faked.

2.   Set long-term written financial goals.                     Proverbs 16:9

3.   Spend less than you earn.                                     Proverbs 13:11

4.   Avoid the use of debt.                                            Proverbs 22:7

5.   Avoid a consumptive lifestyle.                                Ecclesiastes 5:10

Ten Principles of Rock Solid Investing

1.   Establish written financial goals.                                Proverbs 20:5, 21:5

2.   Seek wise financial and investment counsel.             Proverbs 19:20

3.   Cultivate a long-term perspective.                              Luke 14:28

4.   Diversify your portfolio.                                               Ecclesiastes 11:2

5.   Consistency is crucial, don't make haste to "get rich quick".            

                                                                                           Proverbs28:20-22

6.   Avoid risky investments if you can't afford a loss.       Ecclesiastes 5:13,15

7.   Avoid high leverage.                                                    Proverbs 22:7

8.   Monitor your anxiety.                                                    Psalm 131:1

9.   Establish limits on the amount you invest.                   Proverbs 15:16, 30:8

10. Share and discuss decisions with your spouse.          Genesis 2:24

Investment Perspectives:  Worldly Vs. Biblical

Worldly Perspective                                       Biblical Perspective

Get rich quick           Proverbs 28:20           Preservation and steady growth      

Short-term horizon                Luke 14:28                  Long-term horizon

Spend and consume first      Ecclesiates 5:13-15   Save and invest first

Time is an enemy                 Proverbs 6:6-8             Time is a tool

Market timing                         Ecclesiates 11:2          Diversify strategically

Past performance                 2 Peter 3:4                    Cycles are inevitable

Contrasting Mindsets

Worldly Mindset                                                         Biblical Mindset

Do it my way                     Proverbs 12:15                  Seek wise counsel

Get rich quick                   Proverbs 13:11/28:20       Grow little by little

Inheritance                        Proverbs 28:19  /               Work

                                             Ecclesiastes 2:18 

Instant gratification           Philippinas 4:11                 Delayed gratification

Keep it all for myself         Proverbs 22:9                    Give graciously to others

Mediocrity                          Proverbs 22:29                   Excellence

My generation                   Deuteronomy 6:2               Transgenerational thinking

My ownership                    Psalm 24:1                         God's ownership

 "Therefore everyone who hears these words of mine and puts them into practice is like a wise man who built his house on the rock.   The rain came down, the streams rose, and the winds blew and beat against that house; yet it did not fall, because it had its foundation on the rock.   But everyone who hears these words of mine and does not put them into practice is like a foolish man who built his house on sand.   The rain came down, the streams rose, and the winds blew and beat against that house, and it fell with a great crash." Matthew 7:24-26