Making the effort to save
Proverbs 21:20 The wise store up choice food and olive oil, but fools gulp theirs down.
Proverbs 30:25 Ants are creatures of little strength, yet they store up their food in the summer;
The context of this is regarding food. But when we delve in deeper, this can be applied to our finances. 8 out of 10 Americans do not even have $400 in savings. You see, the prudent take the time to save, whether that’s a good portion of your paycheck or a few dollars here and there. We have a problem here. Everyone wants to CONSUME and throw their money for something inane. Only a fool thinks for today, not for anything beyond tomorrow. Yet ants can save…
Ecclesiastes 11:2 Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.
Spreading out your investments through different assets increases your safety.
Dollar Cost Averaging
Ecclesiastes 11:4 Farmers who wait for perfect weather never plant. If they watch every cloud, they never harvest.
While the adage is “buy the dip (low, fear) sell the tip (high, hope),” is common, you can never truly time the markets. If you wait for the absolute best price for the dip, you might miss it. You are constantly gaining a share. It also helps mitigate volatility.