Fiscal Responsibilities

[TexasHighlander]

As conservative christians, how should one spend his spare money. Should this be the time to invest say in stock or 401s or what not? Or would this just do as good as putting it into a interest drawing saving account.

 

[Auntie]

Dave Ramsey has a great radio talk show about finances. I listen to him every day, Mon.-Fri. Listeners call in with their financial questions, usually about how to get out of debt, but also questions on investing.

Dave is a great guy, gives sound Christian advice. I have learned a LOT listening to him.

You can listen to his radio program online, live or archives, at no cost.

(I'll try to find a link for you)

 

[Auntie]

Link to the radio program:

http://www.daveramsey.com/radio/home/index.cfm?strMode=listen

 

[TexasHighlander]

Thank y'all. Im just trying to get my life in order as God would have it. This is the year I totally turn everything over to him.

 

[Auntie]

Sounds like a good plan!

 

[JustAsIam77]

As bad as it sounds Certificates of Deposits. Put your cash in CD's. Although the interest rate is low it won't be lost no matter what the economy and market does.

A fairly decent rate of return can be locked in long term if you shop around and no possibility of losing the principle deposit. (Unless more than FDIC insurance covers per banking institution).

 

[Maranatha27]

I believe, that a tenth of your increase should go to the work of the Gospel, A favorite pastor J Vernon Mcgee in one of his messages went beyond that even to the point of 2/10 - 3/10. I shyed away from that, but strongly believe that giving to the Lords work is you most important finacial responsibility. Speaking from an amatures perspective; after losing 30% in my 401k last year, I lowered my contribution from 7% to the portion that my company matches (3%). As we pull away from Israel, I believe we will go into sharp decline and eventually merge with other countries like Europe did. I put my money in a bank with intrest.

 

[GreenMunchkin]

Thank y'all. Im just trying to get my life in order as God would have it. This is the year I totally turn everything over to him.

What an encouraging thing to read

I've never quite understood the issue of money, actually... are we even supposed to have spare money? Are we to give it too to those in need? Does having a savings account imply a lack of faith in His provisions?

And prosperity teachings have kind of leaked into mainstream Christianity and made it all dreadfully confusing. We tithe, and we ought to be looking after and helping those in need - to the point of an empty bank account, or with the amount we feel comfortable with?

 

[StreetPreacher82]

Speaking of Dave Ramsey... he also comes on the Fox Business Channel every night. So, if you have a satellite, you can tune in.

 

[Izdaari Eristikon]

I see Dave Ramsey has been recommended, and I agree. In addition to his radio program and FNC appearances, he has books out also.

If you're interested in general business news and opinions on the state of the market, I like Neal Cavuto on FNC. His show is called Your World with Neal Cavuto.

 

[CaDan]

How conservative do you want to be? The most conservative christian position would be that usury is sinful. I doubt many will go that far.