January 17 Investing for the Future (Christian)

Let your eyes look straight ahead, fix your gaze directly before you. Proverbs 4:25

Formulate clear-cut investment goals. No one should invest without having an ultimate purpose for the money. You may be laying money aside for education or retirement, but you should have an ultimate, clear cut financial goal.

Taken from the Investing for the Future calendar by Larry Burkett.

Comments: 10

Rebecca P. Jan 17, 2009, 10:21am UTC

Great verse

reply to this comment

Elaine S. Jan 17, 2009, 10:27am UTC

Thanks

reply to this comment

Infinity M. Jan 17, 2009, 10:31am UTC

stoppin by everyones posts to say 'hi' - apologize 4 generic

reply to this comment

J. Reid Jan 17, 2009, 10:43am UTC

Wise! Thanks for posting to ‘Not Gathering Dust ‘

reply to this comment

tammie p. Jan 17, 2009, 12:09pm UTC

thank you for the info

reply to this comment

C C. Jan 17, 2009, 4:14pm UTC

thanks for posting to commentsneeded.gather.com.

reply to this comment

Jeff S. Jan 17, 2009, 6:24pm UTC

After paying off debts (not including mortgage), build up 3 to 6 months in expenses. Then put 15% of gross income into retirement as follows:

1. Contribute up to matching fund into your 401(k) plan (if matching fund = 0%, go to Step 2)

2. Then contribute up to $5,000 ( up to $416 per month) into Roth IRA (for each spouse). $6,000 if 50 or older.

3. If you have not reached 15% of your gross income, then continue contributing into your 401(k) or 403(b) until you reach 15% of income.

reply to this comment

Marilyn M. Jan 17, 2009, 9:54pm UTC

Good advice.

reply to this comment

Lin B. Jan 18, 2009, 8:02am UTC

Thanks for sharing...Blessings ((((((((((HUGS))))))))))))))

reply to this comment

Bob B. Jan 18, 2009, 9:19pm UTC

Thank you, Marsha.

reply to this comment

January 17 Investing for the Future (Christian)

Comments: 10

Join the Conversation