Divide your wealth into three piggy banks for optimal returns

If you feel like you’re not in control of your finances, you’re not alone: ​​Many people have taken devastating hits lately, losing large amounts of their money. For those whose retirement money is invested in the stock market, including many baby boomers, this is truly a troubled time.

Regardless of the current economic situation, there is one very important step investors can take to keep their wealth safe and growing.

Here it is, in a nutshell: For optimal performance and to ensure that they still have money left over at the end of the day, smart investors need to divide their wealth between three ‘piggy banks’. There is a universal truth in a balance of three. The three-legged stool has better balance than a four-legged stool. If one leg is a bit shorter, the three-legged stool fits naturally and remains solid. The seat will now tilt a bit, but it won’t rock back and forth, since the weight is shifting like it would on the four-legged stool.

These piggy banks include:

Savings. This is a piggy bank that you should never touch under any circumstances. I don’t care if you’ve been given the deal of a lifetime that will increase your wealth 100 times, your savings bank must remain intact. The money in your savings bank will be your safe blanket that will keep you covered in times of need and that you can count on to feed and clothe your family in case the other banks break. Also, the money in your savings bank is generational wealth that will be passed on after your death. Psalm 12:6-7 proclaims: ‘The words of the Lord are pure words. Like silver refined in an earthen oven. Purified seven times. You will keep them. O Lord, You will preserve them from this generation forever.’ Here I think God is saying that the word of God is pure and true, but he equates it with silver, a commodity that will be passed down from generation to generation.

Investment. This piggy bank is available to invest in the opportunities mentioned above. You can afford to take some risks with this money because if you lose it all, as emotionally painful as it may be, you will still be able to survive physically. Matthew 25:15 states: ‘To one he gave five talents, to another two, and to another one each according to his ability; and immediately he went on a journey.’ In this story, the people who received the five and two talents doubled their money and the Lord said, ‘Well done, good and faithful servant.’ But the person who received a talent buried it in the ground and the Lord called him ‘lazy’ but he said that he was ‘afraid’. I see many people who are afraid to invest money because they could lose it. The balanced approach discussed in this article will help eliminate fear. 1 John 4:18 says: ‘There is no fear in love; but perfect love casts out fear, because fear involves torment, but he who fears has not been perfected in love.’

Donation. This piggy bank is reserved for charity. You can distribute your funds to less fortunate individuals and families, causes you believe in, or a combination of the two. Our money comes from God, so it is important to give back to our neighbor if he is blessed with healthy finances. You can also give your time, which many people believe is even more valuable than money. Numbers 18:26 says: ‘…When you take from the children of Israel the titles that I have given you as your inheritance, you shall offer from them a heave offering to the Lord, the tenth part of the title. .’ The 10% title is the minimum generally agreed upon in religious circles, but an offering is something that is given in addition to the title. I think we should all aim high and want to maximize our donations. Count your blessings as there is always someone with less. Generousgiving.org is a great source to learn more about giving.

No matter what your salary is, you must divide a certain percentage of your finances among these three piggy banks. Even if you can only pay $0.75 per day, you must divide that $0.75 equally among the three piggy banks. After all, even $.75 a day adds up in the long run. The important thing is that you commit to dedicating a certain amount of money to your three piggy banks every day, and you will see your wealth grow.

There’s an important distinction to make: Most people mix savings and investments, which is the absolutely last thing they want to do.

These people may have $100,000 in mutual funds, IRAs, 401k or other retirement funds and believe they are covered in terms of savings. Big mistake!

That’s not to say that retirement accounts are bad or that you shouldn’t put your money in them. Instead, keep as much money as you can afford in those accounts…as part of your investment piggy bank. Then match that investment into your savings box and donation box, and you’re good to go.

That way, if the stock market crashes like it has been lately, you won’t panic because your retirement account, aka life savings, has caught fire. Losing money still hurts, of course, but it won’t be as bad as if all your money was wrapped up in the failed accounts.

Having your wealth divided between three piggy banks means that you will have real diversity in your finances and you will be able to keep your head above water while many other people find themselves drowning in financial trouble and unable to get back on their feet. The balance of the Father, the Son, and the Holy Spirit will help you keep all money matters in perspective.

Ask yourself this all-important question: Are you looking for your riches on earth or in heaven?

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