• Be patient. Taking your cue from the Parable of the Talents where the master was away for "a long time," make your strategy a long-term one that aspires to get-rich-slow. This will allow you to take up-and-down market cycles in stride. Time is the enemy of the speculator, but the friend of the investor. 

• Be accountable. Show your plan to your spouse or a trusted Christian friend, and sit down with them quarterly to show how you are being faithful in following it. Any thoughts of taking steps outside your strategy will be tempered by your realization that you will have to give an accounting.

Taking these steps will help assure that you are honoring the Lord and His priorities as you strike a wise balance between the risks and rewards of the marketplace. Then, while occasional bear markets and economic storms may threaten, you can be of good cheer, for the Lord has said: "I will instruct you and teach you in the way you should go; I will counsel you and watch over you...the Lord's unfailing love surrounds the man who trusts in Him" (Psalm 32:8,10).

© Sound Mind Investing

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