Lesson 5, Activity 3
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Section 1

Read the following verses

Genesis 41:34-36; Proverbs 21:20; Proverbs 30:24-25.

1. What do these passages say about saving?

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2. If you are not saving yet, what are some ways you can begin to?

Read the following verses

Luke 12:16-21, 34.

3. Why do you think the Lord called the rich man a fool?

4. According to this parable, why do you think it is scripturally permissible to save only when you are also giving?

Section 2

Read the following verses

1 Timothy 6:9-11.

Based on these verses answer the following:

1. What is a scripturally unacceptable reason for saving?

2. Why is it wrong to want to get rich?

3. What should you do if you have the desire to get rich?

Read the following verse

Proverbs 21:5; Proverbs 24:27.

4. What investment principles can you learn from the above verses?

5. How could you practically apply these principles?

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Go to the Compound Interest Calculator and enter the following scenarios

$1000 at 5% interest

$2000 at 5% interest

$5000 at 7% interest

$8000 at 9% interest

6. How have the compound interest scenarios impacted your thinking on investing?

Section 3

Read the following verses

Proverbs 27:23-24; Ecclesiastes 3:1; Ecclesiastes 11:2.

1. What investment principles can you learn from the above verses?

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Use the Savings Calculator to explore scenarios such as the following to figure out how much money you would make if you invested consistently over 30 or more years.

$1000/ annually at 7% interest

$1000/ quarterly at 7% interest

$100/ per month at 7% interest

$500/ per month at 7% interest

2. How has the Investment Goal Calculator impacted your thinking on long-term investing?

3. How might you practically apply this now or after college?

Section 4

Read the following verses

Proverbs 12:15; Proverbs 13:10.

1. What are some of the benefits of seeking counsel?

2. What are some of the benefits you’ve experienced from seeking counsel? What hinders you from seeking it?

Read the following verses

Psalm 16:7, Psalm 32:8.

3. Does the Lord actively counsel His children?

4. How do you seek the Lord’s counsel?

Section 5

Read the following verses

Psalm 119:105; 2 Timothy 3:16-17; Hebrews 4:12.

1. Should the Bible also serve as your counselor? Why?

2. Do you consistently read and study the Bible? If not, what prevents you?

3. In your opinion, who should be the number one human counselor of a husband? Of a wife? Why?

Read the following verse

Psalm 1:1-3; Proverbs 12:5.

4. Who should you avoid as a counselor and why?

5. Is there ever a circumstance in which you should seek the input of a person who does not know Christ? If so, when?

Section 6

Read the Investing & Counsel Notes below and answer the following questions.

1. What did you learn about counsel that will be especially helpful to you? In what way?

2. What was the most important thing you learned about investing and how will you apply it?

3. I will take the following action as a result of this week’s study: