Are you investing?
After eliminating consumer debt, and giving and saving first, start investing. Research well, because it’s money that’s at risk of loss. Start small and invest regularly. Imagine planting a tree. If you nurture it, it will grow with time. The longer it’s kept in one spot, the more likely it will produce good growth yields. That’s the philosophy of value investors as opposed to traders or gamblers.
Solomon said to diversify. In Proverbs 27 he advises: “Know well the condition of your flocks, and give attention to your herds, for riches do not last forever; …” (Proverbs 27:23) Simple adjustments to a budget can create investment dollars.
For help on adjusting your budget, download our “Easy Guide to a Budget You Love” at crown.org.