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Workshop on Personal Finance
Week 4

Investments
Why do we “hold on to” resources ?
to pay for lifestyle
to cover current emergencies
to meet future needs
Is a legacy necessary to our children ?
what kind of legacy do we want to leave

Life/Health Insurance

Home/Auto Insurance

Investments

Basic Investment Concepts

College Education

Retirement

GIFT home
counseling resources
giving techniques

Sequential Investment Strategy
Step 1: Eliminate all high interest debt
Step 2: One month's living expenses in checking account
Step 3: 3-6 month's living expenses in a Money Market Fund
Step 4: Major purchases savings in a Money Market Fund
Step 5: Invest to meet long-term goals in Money Market Funds, Growth Mutual Funds, Real Estate
Step 6: Speculate..Tax Shelters, Hard Assets, Venture Capital

Financial Time Periods of Life

Principals of Investing
Do not presume on the future James 4
Avoid hasty decisions
Evaluate the risk - make sure you “understand it”
Check our mood swings - caught up in the gain or (loss)
Be in unity with your spouse - seek opinion of mature Christians
Do not leverage
Pray for wisdom with whom to do business with

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