Do you think that God wants you to invest? Yes, He does. God understands that there is a risk when the assets He has entrusted to you grow. The risk is that you will begin to not trust and rely on Him but on money. However, God knows what is going to happen. He knows who is going to be a good steward and not hold onto or hoard the increase. The good steward will not only grow the wealth but will be generous towards others and he will take care of future generations.
Proverbs 13:22 states, “A good man leaves an inheritance to his children’s children, And the wealth of the sinner is stored up for the righteous.”
God instructs to take care of our families.
1 Timothy 5:8 Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.
Good stewardship requires that you trust and rely on God. He also instructs us to be sure and diversify our investments.
“Give portions to seven, yes to eight, for you do not know what disaster may come upon the land.” (Ecclesiastes 11:2)
You see God knows that if you place everything in one type of investment there is no guarantee that it will grow. In fact, you could lose everything. However, if you diversify (spread around) your money among different types of investments, you will be secure that everything will down at once. Spread your money between a savings account, mutual funds, stocks, and if you want safe investments Treasury bonds. I personally don’t like bonds, but that’s just me. Bonds offer safe investments, especially as you get older. However, when you are younger, you can invest in ETFs, mutual funds, stocks, precious metals, IRAs, etc. These investments are considered higher-risk investments. However, they also provide a better return on your investment.
Don’t be one of those investors who panics when the markets go down and sell everything. Markets go up and down over the years. In the long run, a good mutual fund, stocks, and ETFs will average a healthy rate of return, so that when you are ready to retire you’ll have a nice nest egg. The key is to start investing early and let the power of compound interest work for you.