The internet is full of information on financial planning, but you may find it challenging to find financial advice that’s based on biblical principles. The Bible has a lot to offer regarding monetary matters and has several verses dedicated to the topic. Followers of Christianity should therefore base economic planning efforts on Scripture.
Since the Lord blesses us with resources, it’s important to practice obedient stewardship of those resources. You may therefore be looking for the best Christian financial advisor who is an expert on finances and the Bible’s teachings related to them. A good financial advisor will help you secure your financial future while ensuring you steward your resources for the glory of God. But what should you look for in an advisor? Read more to find out which questions you should ask your prospective financial advisor.
1. Can they help you identify the right investments?
As a Christian, you should avoid working with businesses that encourage and fund sinful practices. A Christian advisor should help you identify such organizations and avoid investing with them. If you have 401k, IRA, or other investment accounts, your finances are likely inadvertently aligned with organizations that fund abortion, pornography, and other questionable human rights practices. Your financial advisor should assist you in investing with organizations that do not fund such practices and help you build a solid financial foundation by following the teachings of Scripture. Most advisors who pursue faithful stewardship would discourage you from aligning with companies that deal with anything that is dishonouring to God.
More About Finance: Why Choose Blutin Finance As Your Finance and Mortgage Broker?
2. How much do they know about Biblical stewardship?
Biblical stewardship occupies a high importance in Christianity since it emphasizes the responsible use of the resources, money, and possessions God has blessed you with. However, it can be challenging to manage your finances in a way that closely adheres to Scripture.
Before hiring an advisor, ask him or her about biblical stewardship and its importance. Biblical stewardship in financial planning incorporates the core principles of biblical living when it comes to dealing with money-related matters like saving, giving, investment, debt, and inheritance.
3. Will they assess your current financial plan?
If you have a financial plan, you might consider asking them about its viability and whether it meets the fundamental cornerstones of Christian financial planning. One of the cornerstones is determining your assets and liabilities and knowing how to manage them efficiently. Your plan should also involve having a long-term spending plan to ensure financial security and success. Retirement planning is also a crucial part of biblical finance planning. It allows you to save enough money for a comfortable retired life while devoting sufficient time to your family, ministry, and discipleship for God’s glory.
4. Do they encourage biblically responsible investing?
Biblically responsible investing involves an investment strategy where you invest in values-based companies that won’t compromise your biblical ethics.
Your financial advisor should assist you in recognizing quality companies, enabling you to invest with them. According to 1 Corinthians 10:31, “Whatever you do, all to the glory of God.” That includes your investments, which should align you with companies that make a positive impact and whose products encourage positive value-creation.
- Best Ways to Choosing an Earth Friendly Bank
- What You Need to Know before Opening a Bank Account
- Definitions of Public & Private Finance – Nature of Finance Money
- SME Finance: When Should You Take One?
5. Which companies have they worked with?
You should get an idea of your advisors’ work experience by checking which companies they have worked with in the past and if they include other faith-based companies. These are some ways to find the best Christian financial advisor. We hope they help you meet your long-term financial goals in alignment with biblical principles.