Finance Course 5

Session 5   Financial Planning & Investment for future needs


1. God Provides our needs


At first glance, the need to provide for one’s future and that of one’s wife and family appears to conflict with the certainty that God will provide all our needs.


1.1          “But seek first His Kingdom & ______     ______ will be _______to you” (Luke12:13)

1.2         “He _______ ________ for those who ______ Him” (Psalm 111:5)

1.3         “Trust in the Lord with all ______ _______ and lean not on your own __________” (Proverbs 3:5)


2. Planning for the Future


We must not only be


2.1     Faithful Stewards “Well done good & faithful _______, you have been _________with a few things…..” (Matthew 25:21)

2.2     Accountable           “……who then is the _______ and wise manager whom the master puts in charge of ________to give them their food allowance at the proper time? It will be good for the _______when the master finds doing so when he returns” (Luke12:42-43)

But we must plan


“Suppose one of you wants to _______ a _____,will he not first sit down and ________ the _______…..” (Luke 14:28)

3. Why should we plan for the future?




3.1     “If anyone does not ________ for his _______ ______, He has denied the faith and is worse than an   unbeliever” (1 Timothy 5:8)

3.2     “In the house of the wise are ______of _______ and ____but a foolish man devours all he has” (Proverbs21:20)

3.3     “The plans of the ________lead to profit……” (Proverbs 21:5)



“Financial decisions made today have lifetime implications.  If you fail to plan you plan to fail.”


We have no choice!



4. The Contrasts


Do we rely totally on God                    or


Do we provide for the future


Who drives a car without a spare wheel?



5. Planning for the future


5.1     For a “rainy day” – Savings Account


5.2     For the education of children – Unit Trusts or Education Policy

Young people saving R100 per month until they are 30 (say 12 years) will Have more at age 65 than if they were to save R100 per month from age  30 to age 65 (35 years)


5.3     Medical Aid – most people have this


5.4     Sickness or “living death” – Insurance

To provide for one’s family in the event  of permanent disability or sickness.


5.5     Retirement Income – Retirement Annuity Policy, Pension or Provident Fund. Most people don’t plan properly for their retirement and live in substantially reduced income in their twilight years in the face of inflation, failing health etc (BUT be careful that the Retirement Annuity Policy is tax efficient).


5.6     Retirement needs – Endowment Policy or Unit trusts.

To provide a lump sum on retirement to pay off debts (e.g mortgage bond, hire purchase), or to provide for the replacement of household appliances, car etc so that one doesn’t have to do so out of one’s reduced retirement income.


5.7     Death – Life Insurance Policy

To provide for family in the event of sudden death (e.g to pay off mortgage bonds and other debts) (especially where there is a young family) or in one’s old age to boost the income of one’s spouse.



6. Take Counsel


There are many unscrupulous brokers in the market place who will persuade you to invest in products which are not in your best interests.  Before making a decision, discuss it with an elder or deacon.


“For waging war you need _______ and for victory you need many ___________” (Proverbs 24:6)