When you get into college (or even better before) it is insightful to stash some money for a future house, property, business etc. If it never makes it to those ends, it will help ward off debt (which should be top priority). But how does one do this in an economy where money is hard to come by?
Investment
Using our money wisely has a lot to do with spending it well. However, the other half to effective stewardship is saving it well too. You may have never thought about it like this, but in a way, money can be idle. Just saving it for future use puts it in limbo where it sits static: not increasing (unless you add to it) and most likely decreasing because of inflation. So what do you do? You put your money to work and invest it… Where? That is a fantastic question that will take a lot of research. But to start you out, here is a fantastic informative six minute video on investing in precious metals. Josh Renfro is a good friend of mine and a fellow Alumni at Patriot Academy. He is working for Lone Star Bullion, which is one of the fastest-growing precious metals suppliers in the US. His video is a good resource on the profitability of investing in Gold and Silver. Please watch it and support him by dropping a comment at his website. I know he would appreciate it immensely.
Check out the original article here.
Entrepreneurship
Another great way to put your money to work (with slightly more risk) is to invest in local entrepreneurs. These up and coming business’ can posses a great amount of potential. Be careful which ones you choose to support. To be frank, I would invest in an entrepreneur I know to be humble, transparent, God fearing and hard working.
The Most Reliable Investments…
…are investments you make in the talents, blessings and relationships God has given you. Today, we have forgotten that our mental and physical capabilities (talents) are one of the most important investments we can make. How many people do you know set aside time every day to sharpen their minds by reading and commenting on a good book? (it works wonders you know) How many people do you know are devoted to self development for the benefit of others, the glory of God and their own efficiency? How about family? What about a relationship with your Creator? Can some one say video games?
Silver Time
In summary, time is your currency. It can sit idle, but it will not be saved for another time. Orison Swett Marden stated, “God never gives but one moment at a time, and does not give a second until he has withdrawn the first. The worst of a lost hour is not so much in the wasted time as in the wasted power.” That currency should be invested in what is important and immediately available: Family, Talent, God… You fill in the blank. Time may be money, but I prefer to think of it as potential power.
Wisely was it said that lost wealth may be regained by industry and economy, lost knowledge by study, lost health by temperance and medicine, but lost time is gone forever.
~ Orison Swett Marden







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