If you want your investments to align with your faith and biblical teachings, you need to look for Christian based financial advisors. Here are factors to consider before choosing any Christian-based financial service.
The Christian-based financial advisor should operate with high standards of integrity. There are many verses in the Bible related to money and they give us God’s perfect wisdom for how we should handle our money. The Bible teaches that you should not be greedy for money and warns us that we cannot be devoted to both God and money (Matthew 6:24).
The financial advisor should follow the biblical teachings and use them as a guide to managing their client’s investments. He should help the client pursue a biblical view of their financial future that focuses on finding God’s Kingdom as a focal point for all investments. The finance professional should not have a secular view about investments that focus only or primarily on accumulating wealth.
Emphasis on Stewardship
Christian-based financial advisors are different from regular financial advisors. The finance professional should understand that everything in this world belongs to God and people are only managers of what God entrusts to them. The financial advisor should be aware of the biblical teachings about money and be faithful to follow these teachings as they help you to faithfully steward the money that God has entrusted to you. Stewardship is one of the most important teachings in Scripture and it emphasizes the duty of managing and utilizing resources provided by God for the welfare of people.
The financial advisor’s actions or decisions about investments should align with the Bible’s teachings about money and Stewardship.
The Christian financial advisor should guide the client toward responsible spending that avoids a wasteful lifestyle. The advisor should encourage clients to spend responsibly and avoid spending more than their earnings. Financial advice should focus on saving and investing and avoiding debt whenever possible.
The financial advisor should maintain the highest level of integrity when interacting with clients. Besides having a firm commitment with each client, the financial advisor should also maintain confidential relationships with clients. Also, the financial advisor should put the client’s interests above themselves when making any financial decision for the client.
The finance professional should have obtained proper education to provide financial services. In addition, the advisors should have years of experience as financial consultants and have a good track record of offering competent financial services to their clients.
The advisors should pursue ongoing education and development by taking additional courses to improve their knowledge and skills.
A good reputation is a crucial trait when looking for a financial advisor. The advisors you choose should be held in high regard by their clients. Also, they should be considered leaders in their community.
You should consider these factors before choosing any Christian financial advisor.