Time to write again! I've been too busy (see my other recent post). But here are some thoughts:
My wife Kim and I have spent a good deal of time recently studying financial planning and concepts. I of course have been studying economics for years, so extending this knowledge into the more practical applications of "What should I do with the resources that God sends my way?" is a fairly easy fit. Happily, this has coincided with a sermon series at church, so we've been getting information from all angles.
It has been quite informative. It has helped me to better define some ideas I've had for a while, and Kim's enthusiasm and vigor on the subject has been a great way for the two of us to grow closer. To oversimplify the various financial books we've been reading:
- Don't spend more than you make. Save lots. Be cheap.
- Study money and how it is made and discover what your talents are that can help you use the money you save to make more money.
Couple this with the spiritual lessons:
- You are merely a steward for resources God has given you.
- Money (and indeed anything wordly) will never give you the satisfaction and wholeness you are looking for. It can very well keep you from those things.
Finally, throw in some basic economics:
- Wealth is created when consumption is delayed in order to invest current goods to improve future production. Think taking time (current goods) to build a spear (captial good) to catch fish instead of just catching them with your hands all day.
- Having money or goods now is always worth more than later. The degree to which a person or society values now over later is called "time preference" and is the single most influential economic indicator for future success. The more you value later compared to now, the better off financially you will be later.
So, take these principles, throw them in the pot of my always too busy and over complicated mind, stir for about three weeks and what do you get? Stay tuned for part 2...