Investing can be an intimidating word to some. Others may think it’s too time-consuming or out of reach. But investing doesn’t have to be complicated and can be achieved even on a modest income. I recently visited with CIF’s Leadership Team about why people should invest. Below are some of those reasons gathered from those conversations:
- Retirement: Investing for retirement often gets pushed aside since there are seemingly more urgent needs and retirement may be a long ways away. However, starting early and being consistent is a key to having adequate retirement funds. Brett Roehr said, “A 2014 study by the US Census Bureau, as referenced by the Statistic Brain website, found the average 50-year-old has only about $44,000 set aside for retirement. This pales in comparison to what most need for retirement. The near elimination of traditional employee pensions in corporate America has made investing for retirement even more critical.” By investing for retirement, Barry Case adds that people are “less dependent on social programs and have more flexibility to pursue their dreams and callings during the later seasons of life.”
- Giving Funds Away to Those in Need: The CIF team strongly values being responsible stewards of investing and giving resources. Paul Anderson believes it’s important to invest in order to “give it away when you become aware of needs.” Investing provides “the ability to give freely and be generous,” said Scott Achterling. Barry Case adds, "this allows you to have resources available when you sense God is prompting you to give towards a specific need."
- Plan for future needs: Need to buy a car in the near future? Want to set aside funds for a future vacation? Future expenses can create debt if nothing has been set aside beforehand. Brett Roehr says, “the weight of debt for consumer purchases can impact relationships in your family and force you into poor decisions.” Investing for future purchases allows you to live without creating consumer debt, which, ultimately, frees up your resources for better uses.
Investing in these three areas reduces the bondage of excessive debt and brings long-term financial freedom. Ultimately it will enable you to have financial margin and give to God’s kingdom. When is it recommended to start investing? Steve Johnson says, “The best time to invest is 15 years ago. The second best time to invest is now.” Starting today helps better plan for tomorrow.
Investing with CIF makes you a part of impacting churches and ministries. Your money earns interest while also funds construction, renovation, real estate and refinancing loans to churches and ministries.