If you’re a devoted Christian, you should be striving to do everything in your life with the right intention and the utmost faith. That includes learning about and practicing biblical stewardship.
Many people believe that it’s not possible to make faith-based and righteous investments. But some financial companies offer faith based financial planning services to help you manage your money in a biblically acceptable way.
The Bible defines stewardship as employing gifts from God “in serving one another, as good managers of the grace of God in its various forms” (1 Peter 4:10). Becoming a better steward starts by studying biblical financial principles.
Below are five principles of being a faithful steward that a biblical financial planner can help advise:
1. Understand what you’re stewarding
This is the first step toward biblical investment management. A faith-based financial planner can help you understand where your money is going. They’ll also help you understand the importance and details of your assets and liabilities.
For instance, traditional investments in various funds often indirectly support sinful practices such as abortion, pornogrophy and human rights violations. It’s important to make sure your hard-earned money isn’t invested with companies that are aligned to sinful activities.
2. Understand your spending, savings, and investments
As a faithful steward, you’ll become more in control of your money. You’ll know where you’re spending your money and making investments. This will ensure that you’re more in control of your money in the long term and are diligently stewarding your money.
When you accurately understand where you’re spending your money, you’ll be able to adjust your spending habits to become a good stewards of your money.
3. Plan for retirement.
Many Christians plan to stop working or earning money to free up time to devote to serving others and God.
With careful and righteous investment planning, you can attain financial freedom and continue being a diligent steward even after you stop working. A faith-based financial planner will seek to understand your goals and ensure that you have everything you might need to perform your duties as a steward even after you stop earning money.
4. Safeguard your family.
Uncertain events happen throughout life, which can cause tremendous stress and burden on you and your family members.
A company providing faith-based financial planning services will help you choose the right insurance to prepare for such life events and safeguard your family’s financial interests even after you’re gone.
This will protect your family’s financial resources in the long run and help you achieve your goals of being a good steward.
5. Chart a legacy plan.
Faithful stewardship can continue after you leave this earth. A faith-based financial planner will ensure that you have the right documents to ensure that righteous stewardship lives on in your family for generations.
For additional reading, study bible verses about stewardship and saving money, such as Proverbs 11:25, Psalms 40:4, Proverbs 22:7, and Proverbs 13:22.