Ron Blue has an investment philosophy you don't hear very often these days. Specifically, the Founder and Managing Director of Kingdom Advisors says the old proverbs found in the Bible hold the keys to today's investment success.
Blue began reading and studying the bible only after becoming well-versed in the tenants of financial reporting as a Certified Public Accountant. What surprised him was the degree to which doing either effectively came down to the same basic rules. Blue recently came on Breakout to share some of these proverbs and how their meanings apply to investors of any faith.
1) Establish Written Financial Goals
"The plans of the diligent lead to profit as surely as haste leads to poverty." -Proverbs 21:5
Write down your end target then determine your steps towards getting there. A little bit at a time, all of the time, is a wiser plan than taken frantic all-or-nothing shots.
2) Save and Invest Before You Spend
"Put your outdoor work in order and get your fields ready; after that, build your house." -Proverbs 24:27
As Blue puts it, "don't spend in the short-term because you won't have it in the long-term."
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