Did you know that the wisdom books of the Bible include some sound concepts for investing? Consider the following:
1) Proverbs 13:11 says, “Dishonest money dwindles away, but he who gathers money little by little makes it grow.”
The best way to invest our money is to do so “little by little.” A good example of this is to contribute to a retirement account via payroll deductions. It’s best not to get impatient, just steadily investing a little here and a little there. Just keep it up, and your nest egg will grow. This concept also teaches that we should avoid wild speculation, investing in a long shot, or gambling, hoping to get rich quick. That’s not the Biblical way.
2) Ecclesiastes 11:6 says, “Sow your seed in the morning, and at evening let not your hands be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well.
This verse teaches the concept of diversity. We shouldn’t keep all of our eggs in one basket. It’s best to spread our investment funds around a little bit. Some will do better than others, although we don’t know which ones. We just need to keep working at it, and exercise patience.