A well-defined investing strategy is one of the cornerstones of a successful financial life. While investing techniques vary widely, all good strategies are built on the same foundation. Here are six core principles you should keep in mind as you plan your own strategy.
Have you ever stopped to consider the potential "future value" of the money you spend today? That is, if you were to save it rather than spend it, what would it be worth as you near retirement, say in 20 years?
What wonderful news to know that, in Christ, the slate is wiped clean and we do have the opportunity of beginning again.
When I was growing up, one of the worst things that could be said about you was that you were a quitter. But being a quitter has gotten a bad rap.
When you enter an investment, always have a specific plan in place that will trigger your exit. No exceptions. Even when you know you're right. Especially when you know you're right.
"Lord, use me more!" What Christian doesn't want to come to the end of his or her life and know that it was a life well spent for God and His kingdom? But give thought to how you pray, my friends.