If you’re a Christian, you may feel as though your finances are part of a larger calling. Beyond planning out our personal finances, you may also prioritize charitable giving. This is where biblically responsible investing comes into play, combining your faith with giving to companies that operate ethically and contribute positively to society.
Biblically responsible investing includes ideas of peace, wholeness, and well-being for everyone. When you invest responsibly, the idea is that you’re participating in a broader effort to create a just and equitable world. There is also the commitment that extends to using resources to continue the work of religion in society.
Biblically responsible investing is a growing movement that aims to align your investment decisions with your Christian values. It's a way of using your finances to promote the work of religion in efforts to make a positive impact on the world.
There are a few guiding principles of biblically responsible investing. Investments made should exclude companies involved with unethical or harmful practices, like violating human rights, exploiting workers, or contributing to environmental degradation. Companies instead should focus on social justice, sustainability, and other positive causes.
The overall goal is to use your finances to make a difference in the world that aligns with your faith-based values.
You may want to start with an understanding of your core beliefs and how they can be reflected in your financial investments. Take a look at your financial situation—including your retirement goals and current finances—and research biblically responsible investing to learn key principles and find companies that fall within them. You may look into investment options that align with your values and regularly review and adjust your investments to keep them on track with both your financial goals and your values.
Talking with a financial advisor or retirement expert is a great way to understand how your financial situation fits in with your religious and moral values.
Biblically responsible investing offers a way to align your retirement planning with your Christian values. By investing in companies that positively contribute to society, you may use your finances to make a tangible difference in the world. As you plan for your retirement, remember that it's not just about accumulating wealth, but it may also be about using your resources to promote the values of your faith. By investing responsibly, you can build towards the financial future you want while also leaving a lasting legacy that reflects your faith and values.
Biblically Responsible Investing (BRI) is a method designed to aide in the management and investment selections in your account. BRI is only a label for an investment strategy that aims to incorporate biblical principles in investing, however it is not an official classification of companies. It is possible that companies exist within a portfolio labeled as BRI hold principles that are not in line with biblical philosophy. Employing a strategy that limits investment options has the potential to eliminate exposure to investment options that may increase had they been owned in the account. Electing to remove certain investment options based on certain criteria related to the business practices of a company may result in the loss of potential gains. Additionally, it is possible that an over concentration in certain types of companies may result in employing this type of investment strategy.
Interested in learning more about biblically responsible investing during retirement? Consider attending one of our retirement seminars or webinars, hosted by experienced financial advisors who can assist with all your retirement planning needs.
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