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Author Topic: Investing for retirement while avoiding usury?  (Read 5153 times)

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Offline Last Tradhican

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Re: Investing for retirement while avoiding usury?
« Reply #30 on: June 06, 2019, 10:04:55 AM »
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    • Quote from: confederate catholic on June 06, 2019, 09:31:00 AM
    ..you need to speak to a priest who is knowledgeable in financial matters. 
    I don't ask my financial consultants about spiritual advice, nor my priest about financial advice.
    Easier to find a real Catholic financial consultant
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    Offline SeanJohnson

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    Re: Investing for retirement while avoiding usury?
    « Reply #31 on: June 06, 2019, 10:15:58 AM »
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    • Quote from: Last Tradhican on June 06, 2019, 10:04:55 AM
    I don't ask my financial consultants about spiritual advice, nor my priest about financial advice.
    Easier to find a real Catholic financial consultant

    Careful you don’t fall into Lockean nominalism, which asserts a division between business and morality.

    I would say a Fr. Fahey type priest would be an ideal consultant.
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    Rom 5: 20 - "But where sin increased, grace abounded all the more."

    Offline Ladislaus

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    Re: Investing for retirement while avoiding usury?
    « Reply #32 on: June 06, 2019, 02:15:54 PM »
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    • Right, and careful not to use the legal definition of "usury" vs. a Catholic one.  In legal terms, only exorbitant interest is usury, but in Catholic terms, any interest is.  As I said, though, modern banking is a little different because of the costs and overhead required to operate the business.  They have to make money somehow, and you can consider the interest as helping pay for their operations.
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    Offline Quo vadis Domine

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    Re: Investing for retirement while avoiding usury?
    « Reply #33 on: June 06, 2019, 04:21:44 PM »
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    • Quote from: Ladislaus on June 06, 2019, 02:15:54 PM
    Right, and careful not to use the legal definition of "usury" vs. a Catholic one.  In legal terms, only exorbitant interest is usury, but in Catholic terms, any interest is.  As I said, though, modern banking is a little different because of the costs and overhead required to operate the business.  They have to make money somehow, and you can consider the interest as helping pay for their operations.
    Lad, correct me if I’m wrong, but I thought that in Catholic terms, usury was the accruing of interest only from non-productive loans.
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    For what doth it profit a man, if he gain the whole world, and suffer the loss of his own soul? Or what exchange shall a man give for his soul?
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