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Elisabeth Beasley
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1 ECONOMICS: Beyond the Tithe: Practical Lessons on Personal Finance Session 5: Trading the Talents: Principles on Investing: savingthecrumbs.com NAME PERIOD Link: What were the servants to do with their talents? In the parable of the talents, what is the literal talent in the parable? What do the talents represent? Who owns the talents? What are we to do with God s talents that He gives us? Counsels on Stewardship, The followers of Christ are not to they are to look upon wealth as the Lord's entrusted. By a wise use of His gifts, they may be eternally benefited, but we are to bear the fact in mind that God has not given us riches to use just as we shall, to indulge impulse, to bestow or withhold as we shall. Principles on Investing 1. is for defined, not for. Christ s Object Lessons, 352.1: is not merely useless, it is a curse. In this life it is a snare to the, drawing the affections away from the heavenly treasure. In the great day of God its witness to talents and opportunities will condemn its possessor. Counsels on Stewardship, Had you and your wife understood it to be a that God enjoined upon you, to your taste and your desires, and make provision for the instead of living merely for the, you could now have had a, and your family have had the. Why do we save? That s the purpose of a! 2. Everything should flow into God s.

2 Where is the best investment? Testimonies for the Church, Vol. 5, Brethren, awake from your life of, and act like Consistent. The Lord requires you to economize your means and let every dollar not for your into the. In investing what are three things to do? 3. Take advantage of the power of by making your ally The secret ingredient for compound interest is? Lifehack for Students Once graduated or after student loans are paid off, live on of earnings and invest the other Assuming returns, in, the amount you ve invested will be enough to cover your annual living expenses. Example: If you earn $50,000, live on $20,000 and invest each year for years at. In 10 years, you would have right around. Using the safe withdrawal rate, your investment will net you each year equivalent to your. You could theoretically! LifeHack for Couples The just one year after you get married, if you live on just one income and invest the second plus all cash wedding gifts, you may be done saving for retirement completely. Example: You get married at, and spouses work. One plus all of the from the wedding equal. If invested at in 4 when you turn 65, that has turned into almost. This will yield year income.

3 What are things to consider before you invest? What is the best investment when you have debt? Don t start investing unless you have what? 4. Investments should not take much of your. Your Time Your money should be for you, not you some more for your. It shouldn t be. 5. Never invest in something you don t. What are five questions to ask? (4) (5) What does Alistair ask himself when one of his friends has a hot stock tip? What about an investing fad? What about too-good-to-be true business opportunity? What is a Ponzi scheme?

4 6. Don t to get quick. Don t be. Don t. Proverbs 13:11: Wealth gained will, but whoever gathers little by little will it. Proverbs 28:20 ESVA will abound with blessings, but whoever hastens to be will not go unpunished. Speculating Vs. Investing What does speculating involve? (4) What does investing involve? (4) 7. risk and returns

5 What are returns? What are risks? What do all investments have? correspond with. (But doesn t always mean.) accounts are guaranteed (FDIC), but have returns that lag. has been historically for the past century. Investments that lag this figure actually is losing in the long-term. Example: It takes in 2015 to buy what cost in What are considered the safest low risk accounts? investments that beat in the long-term have short-term risk in the form of. Volatility is the up and down. The stock market index has returned annualized during the past century. (Factor in inflation, real returns are between 4-6%.) But it s a bumpy ride up. Example: in 1990 can be worth in 2015, but may have dipped down to or less along the way. In a savings account:

6 In the Stock Market: What do you want to do in the short term of money you need within five years? What do you want to do in the long term (Money you don t need for more than five years)? 8. Ecclesiastes 11:2 ESV. Give a portion to or even to, for you know not what may happen on. Don t put all your in one. What is a form of diversification? Putting some in short term savings and some in long term savings. 9. Be mindful of and. can Compound costs ( and ) will compound interest and higher returns. Beware of fees and charges. What are accounts should we use if possible?

7 What are examples of tax sheltered accounts? 10. Stay the, but have an Strategy We should invest in what portion of the brain? Don t invest based on or. Ignore the. Sometimes less i is better. Alistair says ignore the noise and focus on? Be, be, be in it for the. What is the number one reason why people lose money? Keep! Investment Exit Strategy Houses and lands will be of no use to the saints in the, for they will then have to flee before infuriated mobs, and at that time their possessions cannot be disposed of to advance the cause of present truth. I was shown that it is the will of God that the saints should cut loose from before the time of trouble comes, and make a covenant with God through. If they have their property on the altar, and

8 earnestly inquire of God for duty, He will them when to dispose of these things. Then they will be free in the time of trouble, and have no clogs to weigh them down. [CS 59.4] I saw that if any held on to their and did not inquire of the Lord as to their, He would not make duty known, and they would be permitted to keep their, and in the time of trouble it would come up before them like a to crush them, and they would try to dispose of it, but would not be able. I heard some mourn like this: "The cause was, God's people were starving for the truth, and we made no effort to supply the ; now our property is. O that we had let it go, and laid up in heaven!" [CS 60.1] I saw that a sacrifice did not, but it decreased and was consumed. I also saw that God had not required all of His people to dispose of their property at the same time, but if they desired to be taught, He would teach them, in a time of need, when to sell and how much to sell. Some have been required to of their property in times past to sustain the while others have been permitted to keep theirs until a time of need. Then, as the cause needs it, their is to sell. [CS 60.2] Selling the property is because of? Investment Exit Strategy: It is the will of God that the saints should cut from every before the time of trouble comes. God does not require of His people to dispose of their property at the. inquire of God for duty, and He will you when to dispose of these things. If we don t inquire of our, God will permit us to keep our property, and be a huge burden that we won t be able to of. What are eight questions to ask in investing screening?

9 (4) (5) (6) (7) (8) What are three short term short term accounts? What is a SDA Union Revolving Fund? What is one of the most common types of investments that is tried and true? Consideration of Real Estate: Lots of to manage and. It s not unless you have multiple. It s to manage and maintain. It is terribly, hard to get of quickly. Peer to Peer Lending:

10 Mutual Funds: Index funds: Why does Alistair not recommend investing in individual stocks? Session 5 Summary: Careful s - means we aren t God s money in the ground. Invest for not to. All extra should go to. Leverage.START NOW! Never invest in something you don t. Don t try to get rich. Don t be. Don t. for the short term, for the long term. Diversify Be mindful of and. Stay the, but have an. God permits the owning of, but we need to lay it all on the.

BEYOND THE TITHE. Practical Lessons on Personal Finance

BEYOND THE TITHE. Practical Lessons on Personal Finance BEYOND THE TITHE Practical Lessons on Personal Finance SESSION 1 NEITHER POVERTY NOR RICHES Redefining Wealth and Prosperity WHY LISTEN TO ME? NOT a professional! (Not giving legal advice.) Business major,