Recently, I had a discussion with Dave, my financial advisor. He wanted to update me on investments, as well as guide me in making decisions on what to do with the money I have been saving. He says this every time, but he knows it’s worth repeating: “Our ultimate goal is to get you ready for retirement.”
When I first met Dave and he discussed us working together, he mentioned three points of importance:
- You need a plan. If you don’t have a financial plan, you will never be prepared for retirement.
- While the short term is important, it’s really all about looking at the long term picture. Don’t be afraid of mistakes and failures. You will win in the long run.
- You need to be persistent. Your money needs to keep growing. You can’t borrow against it or use it for an emergency with plans to pay it back. (You never will.)
While many of us have financial plans for our future, we don’t always talk about our spiritual investments.
- You need a plan. Living a life of faith just doesn’t happen. You need to invest in the power of doing good. Everything starts with a good intention. The secret is to discover how to put your intention into action.
- While the short term is important, it’s really all about looking at the long term picture. Living a life of faith takes energy. As humans, we get selfish. We get crabby. We often forget about taking care of each other. If we stick with our plan, the long term picture only gets stronger.
- You need to be persistent. Living a life of faith is not a part-time-Sunday-morning-when-I-feel-like-it type of job. It’s a life choice. Who do you want to be? What’s your plan? How are you going to stick with it every single day of your life?
I trust Dave to guide me with my money. I trust God to guide me in my faith. And I know both will be earning interest and paying high dividends.