Wow, what about that magic show at the end of 2008, some disappearing act right! Ouch. I think we’re all reviewing our investment plans. What is your strategy? Here are some things I am keeping in mind:
1. Invest in a plan. You know the saying of having a plan and working a plan. No direction will get me nowhere. Visit with a number of wise folks, friends, financial planners; don’t put all of your eggs in one basket. We are working to have a couple of different revenue streams at retirement (if the Lord wills). Use financial planners and services. For ministers, if you are not using Guidestone, check them out. Also, as far as getting a picture of the impact of planning, check out Dave Ramsey’s investment calculator, plus many other solid resources he has.
2. Invest in a CPA. If you are a self-employed minister, get a solid CPA who understands you and stick with them.
3. Invest in yourself. You are (with the Lord’s help) your best investment. You and your work and earning potential are the most valuable part of your retirement. So find a way to continue to stretch, train, grow in your work and field. Find (or finish) books, seminars, schooling, and leadership development opportunities that will push you to be the best at what you do. Listen to your call. Perhaps make a complete change due to the Lord’s leading. One resource that has been valuable to me is Giant impact.
4. Invest in the Kingdom. As I read this week, the Lord promises, that’s right promises, that He will take care of you and me if we stay focused on Him from Matthew 6. So as I am rightfully planning for the future as a good steward of what the Lord has given me, I must not ever let my focus shift from my ultimate trust in Him, and also the things that truly have eternal value. This is a prime time to share the Hope of the Gospel of Jesus Christ.