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A matter of time

Personal Finance | Different timelines require different strategies for investment
by David L. Bahnsen
Posted 2/09/08, 12:00 am

My last article laid out the importance of "compounding" in the process of accumulating money toward financial goals. (Because of compounding our money grows, then that amount grows, then that amount grows, and so forth, thereby enabling our money to grow faster through time than we would normally envision.) Time is a gift to those seeking to accumulate wealth, and the law of investment return is this: With less time, a higher return is needed; with more time, a lower return is needed.

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Accumulation basics

Personal Finance | Time is on the side of those who begin building wealth when they are young
by David L. Bahnsen
Posted 1/26/08, 12:00 am

A comprehensive financial plan addresses the accumulation, preservation, and transfer of money. A godly person gives money wisely and faithfully leaves an inheritance-but both transfer and preservation first require accumulation. Let's look at three guiding principles concerning accumulation: defining goals, using time wisely, and finding the right blend of risk and reward.

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Have a plan

Personal Finance | Financial planning suggests good stewardship, not mammon worship
by David L. Bahnsen
Posted 1/12/08, 12:00 am

Familiar teachings from chapter 16 of Luke's gospel: "No man can serve two masters" and "You cannot serve God and mammon." Hanging on these two phrases, and likely with the best of intentions, many believers have asked whether financial planning is mammon worship. My sense is that the opposite is true: When we faithfully and responsibly exercise good stewardship, we avoid the danger of our money controlling us.

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