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Sequential Investing Hierarchy – Surplus
Now that a savings plan has been established for long-term goals, the next phase of the hierarchy is “surplus.” This phase includes experienced, active risk taking and major charitable giving. When entering this phase, it’s important to revisit the concept of the “financial finish line.” We want to revisit the question of “How much is enough?” If our lifestyle goals are funded, does it make sense to continuing taking risk? Other questions we can ask ourselves include:
· What am I trying to accomplish?
· Am I trying to achieve worldly wealth or spiritual wealth?
Even when we reach a place of worldly financial independence, we must always remember that we are fully dependent on God and His provision. When the surplus phase is reached, it can be an incredible opportunity to make a positive impact with the resources that have been accumulated. Remember, they don’t go with us when we die!
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