Sunday, August 29, 2010

MoneyWalk 65: What Is Your Net Worth

This program will help you undo financial bondage.

On a sheet of paper, describe each individual asset you own (property, stocks, bonds, savings, etc.) and list its dollar value next to it under Asset column.

Then describe each debt that you owe (mortgages, car notes, credit cards, loans, etc.) and list the full amount owed next to it under Debt column.

Total the amount of all assets, and then total the amount of all debts.

Now subtract total debt from total assets.

The result is your net worth.

If your net worth is negative or low in comparison with income that has come your way over the years, you're not in a hopeless situation. I had a negative net worth and owed more than ten creditors when I first learned of God's money management plan. Now is the time to start managing your life and money differently in order to accumulate resources for rainy days, future expenses, and giving.

God’s money management instructions are designed for people of all ages, backgrounds, income levels, and occupations to help them prosper, take care of their families, and fund ministry at home and around the world.

Your true worth is not dependent on how much money you’ve accumulated at any one time, rather it's determined by your relationship to Jesus Christ. However, calculating your net worth annually can be an indication of how well you are following God’s principles for managing the earthly estate He entrusted to you.

Please email any questions and pray for this ministry. May God bless you richly as you follow His plan!!!

Genesis 13:2, Job 42:12, Proverbs 27:23-27, Luke 19:2-10, James 5:1-5

Please forward these bondage breaking articles to other people who can use helpful insight!!!

No comments: