A Vision For Personal Finance
What does the Bible say when it comes to integrating stewardship into a personal financial plan? That’s the crux of this six-part series on personal finances. An abridged version of the series originally appeared in the April 2001 issue of COMMAND magazine.
While some of the specific examples in this series may not be updated according to the latest tax codes or financial data and markets, the principles of stewardship and personal finance still hold true today. The advice and insight in these articles alone should not be used to make personal financial and investment decisions. Always consult a financial advisor or accounting professional before making any decisions with regards to your personal finances and investments.
About the author: COL Ray Porter, USA (Ret.), is a longtime OCF member and former Council member. He created and taught an elective course on personal finance at the Army War College in the late 1990s—widely regarded as one of the most popular elective courses during his tenure. After retirement from active duty in 1997, he spent several years teaching personal finance and stewardship for churches and military units throughout the U.S. and Germany.
Six-part Personal Finance Series
In Part 1, we ask: What do you think of when you hear someone mention stewardship? Money, talents, or ownership? For many, money is the first thing on their minds and that often leads to uncomfortable feelings.
In Part 2, knowledge and tools are great for your head, but you also need a heart to shape experience into judgment and wisdom. Learn to understand the numbers and balance them with what you value in your heart.
In Part 3, financial goals are the basis of personal financial planning. A great many people are working hard to save and invest, but do not have a plan, or at least not one sufficiently specific to assess progress.
In Part 4, the essence of planning is found in your knowing the return you need and the risk you can accept.
In Part 5, to get beyond tithing and on to gifting you need to multiply His blessings. This is the purpose of investing, and the better we do it, the more we can give back to His work.
In Part 6, God expects us to use what we need then multiply and return the rest. The blessings of stewardship are in the giving. Knowing when and how to do it is our responsibility.