Integrating Faith Into Your Finances
While your religion and your finances may appear to be separate entities, like everything else in life, they are intertwined. As many Christians wonder, how should you integrate your faith into the financial aspect of your life? Including your faith in your finances is something that can be done with the help of a Christian financial advisor, particularly one that specializes in Biblically responsible investing.
In this article, we will discover the best ways to implement your spiritual connection and daily worship of God into your everyday finances, and how working with a Christian advisor in Texas can help.
For Christian financial planning in San Antonio, TX, contact the investment advisors at PAX Financial Group
STEWARDSHIP IS A DEFINING PRINCIPLE
Money itself is not inherently evil. What individuals choose to do with it is what can enable their actions and reveal their character. This is why strong faith is so important; you have free willpower to determine how you spend and invest your money, and you get to decide if your wealth will enable you to do good things or wicked things.
Responsibility for your finances is a requirement, as is gratitude. Understanding that giving to those in more dire circumstances than you is a foundation of good financial stewardship. Use your wealth to do good in the world.
For Christian individuals looking to see how they can apply this to their everyday life, they should practice the following:
- Take pride in your work or profession
- Give to charity and use any excess wealth to help out your community
- Set financial goals with your advisor
- Be mindful of your budget and the companies you invest in
- Have an estate plan for how you plan to pass down wealth to the next generation
Christian financial planners utilizing faith-based principles can help you budget appropriately, set realistic financial goals, and invest in a Biblically responsible way. This helps you and your family have a healthy financial standing while also doing so in a way that integrates your Christian faith so that its principles are present.
DON’T STRAY FROM YOUR CHRISTIAN BELIEFS AND VALUES
There is no shortage of investment strategies and financial plans available to investors. With so many options available to investors, the finer details can get lost in the mix; while everyone wants to make a quick buck, that does not mean you have to set your Christian principles and beliefs to the side when it comes to your finances.
A faith-based financial professional can not only help you strategize to meet your financial goals, but they can also do so in such a way that does not require you to set aside your beliefs. Biblically responsible investing is a smaller subset of social values investing (SVI), where individuals choose to only invest in companies that reflect their values and beliefs.
There are many options out there for individuals who are faith-conscious when it comes to investing, as well as for those who care about social issues and the environment. Faith-based financial planners know that your Christian faith is a large influence in your life, and they always have this in the forefront of their minds when deciding which companies and investment avenues to take concerning your portfolio.
VIEW OUR PAX FINANCIAL QUICK GUIDES AS YOUR RESOURCE FOR WHATEVER FINANCIAL CONCERNS OR QUESTIONS YOU MAY HAVE
DON’T FORGET ABOUT THE NEXT GENERATION
Legacy is important. It may be higher or lower on the totem pole, depending on your personal situation, but estate planning is vital to your overall financial plan. Just as you want to pass down the beliefs and values of your Christian faith to the next generation, taking care to do so with your finances is an integral part of your life as well.
A faith-based advisor should discuss your comprehensive financial plan with you and include your plans for how you want to pass down wealth. This can also include things should as college savings and investments for grandchildren. A good comprehensive plan will cover all of the bases, including plans and potential life insurance needs, and discuss health insurance options.
Take care to set up a plan for your assets after you pass, either through a last will and testament or a trust. Each method will have its advantages and distinctions, but ultimately both will ensure your heirs will receive your assets in a way that fits your preferences. You can also leave your assets behind to certain charities or other organizations. Whatever you decide to do, comprehensive estate planning is a pillar of good stewardship.
The advisors at PAX Financial are a team of CERTIFIED FINANCIAL PLANNER™ Professionals specializing in faith-based investing. We offer a wide range of comprehensive financial planning services that guarantee we can handle any concern or issue you and your family need assistance with.
Download our complimentary eBook to learn more about Biblically Responsible Investing.
This material is provided by PAX Financial Group, LLC. The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. The information herein has been derived from sources believed to be accurate. Please note: Biblically Responsible Investing(“BRI”) involves, among other things, screening for companies that fit within the goal of investing in companies aligned with biblical values. Such screens may serve to reduce the pool of high performing companies considered for investment. Investing involves risk. BRI investing does not guarantee a favorable investment outcome. Past performance is no guarantee of future results. Investments will fluctuate and when redeemed may be worth more or less than when originally invested. This information should not be construed as investment, tax, or legal advice and may not be relied on for the purpose of avoiding any Federal tax penalty. This is neither a solicitation nor recommendation to purchase or sell any investment or insurance product and should not be relied upon as such.