Release Date:- 1900-01-01
Availability:- In Stock
Kind:- ebook
This book uses Bible verses to present the following principles and strategies of biblical wealth
management.
ā¢ Invest in public companies where ownership and management are separate.
ā¢ Make a long-term investment with a minimum of 10 years.
ā¢ Apply the principles of asset diversification and time diversification.
ā¢ Do not borrow money to invest.
ā¢ Invest in financial assets with periodic cash flows that can earn compound interest.
ā¢ Invest in pooled financial assets such as mutual funds or exchange-traded funds.
ā¢ Buy index funds in regular intervals to maximize the effect of time diversification.
ā¢ Choose to invest rather than save.
ā¢ Do not rely on speculation.
ā¢ Maximize earned income in the workplace and invest a portion of the earned income for
retirement.
ā¢ Equip with vision and mission from Biblical perspectives and arm oneself with Biblical
work ethics to maximize earned income.
Additionally, this book explains the difference between saving, investing, and speculating
through a biblical lens and describes diverse savings instruments. It defines speculation and
warns that buying and selling speculative assets can drive one into poverty, destroying oneself
and one's family. Moreover, this book explains retirement plans such as 401(k) and Roth IRA and
teaches how to create private pensions to prepare for the 20% cut of Social Security benefits in
2034, when the Social Security Trust Funds will be exhausted.
The purpose of biblical wealth management is to be a channel of blessing for Christians through
biblical investing. According to the Ten Commandments and Matthew 22:36-40, the core values
of the Bible are love of God and love of neighbor. We often need money to practice love of
neighbor. When we are young, we can use the income we earn from our jobs to help our
neighbors. In retirement, we can use our investment income to help our neighbors. From a
biblical perspective, this book teaches us how to maximize earned and investment income.
