Building wealth, comparing risk

I’m Miriam  Neff-with STARTING OVER FINANCIALLY,-and I’m Valerie Neff Hogan, and we’re here to talk about money.

 M Yes, its biblical to build wealth.  Our culture encourages taking risks and being impulsive.

 Proverbs 13:11Dishonest money dwindles away, but whoever gathers money little by little makes it grow.

 Working diligently to gather money is applauded.  Once you have it, determine where to invest.

 V  An important concept here is risk.     Whether as a couple or individual, determine your risk tolerance.  How quickly might you need that money?  Educational expenses, vehicle.  Money needed quickly should not be in stocks--it might be a down day--or real estate that might languish in a down market.

 M Proverbs repeatedly advises us to plan.  Know where and when you likely need funds before you invest them. That’s good stewardshipPODCAST