This program will help you undo financial bondage.
Are you familiar with the term, "don't put all of your eggs in one basket?" This advice was given so that a majority of eggs would survive and be useable in the future in the event of an accident. If you place eggs in several different baskets, you are less likely to drop all of the baskets. However, if you place all the eggs in one basket you chance that many if not all of the eggs will be broken if you drop the basket.
This concept makes the diversification principle in scripture a most worthwhile principle to include in your wealth building plan. The bible identifies the most important features as giving a portion to seven or eight and using a multitude of counselors to help you manage your life and resources. Yet, many people foolishly put all their savings and investments in one vehicle in one person’s or institution’s control instead of spreading the risk. They risk the loss of their entire life savings if that one vehicle goes bankrupt or they lose a lot of purchasing power if the value of that one investment vehicle drops substantially.
By diversifying your investments among a variety of counselors (advisors and saving/investment accounts), you drastically reduce the chance that you will lose your entire savings or much purchasing power. So, for future financial protection, invest your money with at least several reputable counselors and accounts. The accounts can hold investments ranging from stocks to bonds to fixed income government guaranteed investments. Some risk of loss should be considered an acceptable risk, especially if you are young and starting without a multi-million dollar inheritance.
You can further minimize your risk by:
Saving for short-term and emergency needs.
Investing for the long-haul (10+ years).
Thoroughly researching and intricately learning the vehicles you choose to invest in.
Choosing investment vehicles with positive long-term historical track records.
While diversification has not stop investment markets from going up and down and negatively affecting your investments in some short-term periods, it limits the size of such swings on your assets so they won’t be anywhere near those for people who had all of their money in the most risky investments. It also allows you to obtain greater overall long-term return than those who put all their money in risk less accounts. In addition, it definitely stops the ability of one person to Madoff with all your money.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 11:14, Ecclesiastes 11:2, Luke 19:13, Acts 6:2-3
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Wednesday, October 14, 2009
Sunday, October 4, 2009
MoneyWalk 29: Promotions come from the LORD
This program will help you undo financial bondage.
Excellent, faithful work (a job well done) should be appreciated via promotions for you (i.e., generous raises, higher level positions, accolades, awards, etc.). However, your employer and other people will fail to recognize your worth at different times during your life. Thus, you may find that you do not receive a raise, promotion, or even an atta boy when you feel you deserve it. The fact that you didn’t receive some type of promotion is an opportunity for you to display great humility, patience, and love toward your perceived oppressors. This will only happen if you believe that God is the author and finisher of your life and faith and that He will open doors of promotion that are specifically for you when you’re ready to handle the new level of responsibility.
In the meantime, in between time, and when you get the promotion, use biblical financial principles such as working hard, respecting the authorities that supervise you, and completing assignments well and on time in order to help others see it is in everyone’s best interest to make other opportunities and responsibilities available to you. This attitude and course of action helps you build treasures on earth and in heaven in a manner that help you obtain access to the treasury in Heaven when God knows you need money and resources to complete steps toward your destiny.
Almighty God is totally reliable and has the master plan for your life. When you use His plan it additionally generates more peace, joy, and right-standing from which to receive even greater blessing. You must recognize this building block and order your life in such a way that you utilize it to move you ever forward. In the financial arena, biblical money management principles are what make up His plan.
Sometimes, people have been promoted but fail to recognize their promotion because it didn’t seem to show up in the form of more money or a more prestigious title. However, God is also able to promote you by causing people to give you things free that you otherwise would have to pay for. He also can cause events to take place that can reduce your expenses. These scenarios give you more disposable income to give for ministry and care for your family. Everyone committed to working as unto the LORD throughout life will see numerous promotions over time. So, don’t let satan blind you to the reality of your promotions and don’t be envious of promotions that others receive. Keep working effectively and God is sure to order your promotions from His throne when the time is right.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalms 75:6-10, Proverbs 3:31-35, Daniel 4:28-35, 1Peter 5:6-7
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Excellent, faithful work (a job well done) should be appreciated via promotions for you (i.e., generous raises, higher level positions, accolades, awards, etc.). However, your employer and other people will fail to recognize your worth at different times during your life. Thus, you may find that you do not receive a raise, promotion, or even an atta boy when you feel you deserve it. The fact that you didn’t receive some type of promotion is an opportunity for you to display great humility, patience, and love toward your perceived oppressors. This will only happen if you believe that God is the author and finisher of your life and faith and that He will open doors of promotion that are specifically for you when you’re ready to handle the new level of responsibility.
In the meantime, in between time, and when you get the promotion, use biblical financial principles such as working hard, respecting the authorities that supervise you, and completing assignments well and on time in order to help others see it is in everyone’s best interest to make other opportunities and responsibilities available to you. This attitude and course of action helps you build treasures on earth and in heaven in a manner that help you obtain access to the treasury in Heaven when God knows you need money and resources to complete steps toward your destiny.
Almighty God is totally reliable and has the master plan for your life. When you use His plan it additionally generates more peace, joy, and right-standing from which to receive even greater blessing. You must recognize this building block and order your life in such a way that you utilize it to move you ever forward. In the financial arena, biblical money management principles are what make up His plan.
Sometimes, people have been promoted but fail to recognize their promotion because it didn’t seem to show up in the form of more money or a more prestigious title. However, God is also able to promote you by causing people to give you things free that you otherwise would have to pay for. He also can cause events to take place that can reduce your expenses. These scenarios give you more disposable income to give for ministry and care for your family. Everyone committed to working as unto the LORD throughout life will see numerous promotions over time. So, don’t let satan blind you to the reality of your promotions and don’t be envious of promotions that others receive. Keep working effectively and God is sure to order your promotions from His throne when the time is right.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalms 75:6-10, Proverbs 3:31-35, Daniel 4:28-35, 1Peter 5:6-7
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Saturday, September 26, 2009
MoneyWalk 450: The eight cornerstones of God’s financial plan
This program will help you undo financial bondage.
The Holy Spirit shared that faithful tithing and offering were indeed a cornerstone of good Christian stewardship but not the only cornerstone. We know that Christ is the only cornerstone for the faith!!! Yet, in our earthly stewardship of money there are eight cornerstones that practically need to be put in place from which the rest of the building can be rightly built.
Work in a legitimate field and ministry. Man shall live by the sweat of his brow (caused by the work of his hands). If a man does not work, he also should not eat. Work exercises Christ's command to serve others and properly care for yourself, family, others in need, and the church (local and global). It also gives you a vital mission field in which you can glorify Jesus Christ, find witty ways to evangelize the lost, and disciple (build up) other believers in the workplace. Of all the get-rich-quick schemes this is the only sure-fire method to start and continue making money!!!
Tithe and give abundant offerings. This honors God and opens the door for Him to move mightily to rebuke the devourer on your behalf and to pour blessings you don't have room to receive. Even though His authorities (churches/church leaders) receive your tithes and offering on earth, it is witness that the One Who lives receives them in heaven. This means not only will you receive an abundant supply but others will receive many benefits through you as well. In addition, faithfully adhering to this cornerstone teaches you to live beneath your income and helps discipline you so you can adhere to the other cornerstones.
Budget your income and spending. What man would first build a house without counting the cost! You must know the state of your flocks and herds otherwise you wealth will not last through your generation. This is a very important principle that most people do not want to follow. However, all sound businesses and wealthy people (most have grown to such abundance over many years) adhere to a budget. There are several different method used but they all amount to the same thing - live well beneath your income. As your income grows your comforts grow.
Sacrifice short-term pleasure for long-term financial soundness. Delayed gratification now (because you need to employ it) results in great benefits accruing to you in the long-run. I buffet (beat my body into submission) lest having told others about the way I myself become a castaway (do not get to receive the benefits of following the principles I've told others about). And Barnabas sold land that he owned and gave it to the Apostles for the work of the ministry!!!
Stay out of debt and eliminate the debt you have. God desires that you prosper and that you be in the position of a lender and not a borrower. He does not desire that you be a slave. But you will be if your eyes and heart are on borrowing to get what you think you need and want. I'm convinced He desires that we live debt-free lives and only use credit as a short-term convenience that we can immediately pay off next month and that He is prepared to guide us to live that way and make it happen. However, you must plan to live this way and budget income and spending to make it happen.
Save a reasonable portion of your income each pay period. There is much tillage in field of a poor man, but it is all wasted for lack of judgment. There's oil and wine in the dwelling of the wise but a foolish man spends all his income. I believe saving 10% and growing from there is a reasonable starting point. However, start wherever you can immediately (2%, 5%, etc.) by building an emergency fund of 3 to 6 months of income (longer if you're self-employed or your job is not stable). God will help you do this as you adhere to the cornerstones above.
Diversifying your money and resources. Give a portion to seven or eight for you do not know what troubles you'll face. There is safety in a multitude of counselors. This means you don't have to be an expert at picking the right stock, bond, or other investment. While you should educate yourself to how these asset building/wealth management tools work, you only have to remember not to put all your eggs into one basket but over time into seven or eight types as well as seven or eight brokers/financial institutions as well as learn short and long-term investing basics for these tools as well as the histories of the types of returns they have produced over short (1-3 year), medium(4-10 years), and long (11-30 year) periods of time. Putting all your eggs in one basket results in all or a huge portion of your assets getting spoiled in market downturns, whereas putting your eggs in seven baskets results in a very small portion of your assets getting spoiled when the market dives or people attempt to snare you in fraudulent investment schemes.
Invest your excess savings. The Master gave His servants talents. The one He gave five talents went about trading (investing) and increased the talents to ten. The one He gave two traded and produced four. The lazy/wicked servant who received one talent hid it in the ground and brought no increase for the Master. On another occasion the Master gave each servant one mina. One of them traded and produced ten minas. Another traded and produced five. The lazy/wicked servant hid it in a napkin and brought no increase for the Master. The Master gave the wicked servants’ talent and mina to others who produced using kingdom principles and cast the wicked servant into outer darkness. God through the discipline of His financial plan and guidance of the Holy Spirit brings you to the point of investing when you use the above principles as the cornerstone of your finances.
I hope these eight cornerstones (principles) help you get on the road that God prepared for His people that together we may do His will and serve His people!!!
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Deuteronomy 28:12, Proverbs 21:20, 22:7, Matthew 25:14-30, Luke 6:38, 14:28-30, Hebrews 7:8, Acts 4:36
Please forward these bondage breaking articles to other people who can use helpful insight!!!
The Holy Spirit shared that faithful tithing and offering were indeed a cornerstone of good Christian stewardship but not the only cornerstone. We know that Christ is the only cornerstone for the faith!!! Yet, in our earthly stewardship of money there are eight cornerstones that practically need to be put in place from which the rest of the building can be rightly built.
Work in a legitimate field and ministry. Man shall live by the sweat of his brow (caused by the work of his hands). If a man does not work, he also should not eat. Work exercises Christ's command to serve others and properly care for yourself, family, others in need, and the church (local and global). It also gives you a vital mission field in which you can glorify Jesus Christ, find witty ways to evangelize the lost, and disciple (build up) other believers in the workplace. Of all the get-rich-quick schemes this is the only sure-fire method to start and continue making money!!!
Tithe and give abundant offerings. This honors God and opens the door for Him to move mightily to rebuke the devourer on your behalf and to pour blessings you don't have room to receive. Even though His authorities (churches/church leaders) receive your tithes and offering on earth, it is witness that the One Who lives receives them in heaven. This means not only will you receive an abundant supply but others will receive many benefits through you as well. In addition, faithfully adhering to this cornerstone teaches you to live beneath your income and helps discipline you so you can adhere to the other cornerstones.
Budget your income and spending. What man would first build a house without counting the cost! You must know the state of your flocks and herds otherwise you wealth will not last through your generation. This is a very important principle that most people do not want to follow. However, all sound businesses and wealthy people (most have grown to such abundance over many years) adhere to a budget. There are several different method used but they all amount to the same thing - live well beneath your income. As your income grows your comforts grow.
Sacrifice short-term pleasure for long-term financial soundness. Delayed gratification now (because you need to employ it) results in great benefits accruing to you in the long-run. I buffet (beat my body into submission) lest having told others about the way I myself become a castaway (do not get to receive the benefits of following the principles I've told others about). And Barnabas sold land that he owned and gave it to the Apostles for the work of the ministry!!!
Stay out of debt and eliminate the debt you have. God desires that you prosper and that you be in the position of a lender and not a borrower. He does not desire that you be a slave. But you will be if your eyes and heart are on borrowing to get what you think you need and want. I'm convinced He desires that we live debt-free lives and only use credit as a short-term convenience that we can immediately pay off next month and that He is prepared to guide us to live that way and make it happen. However, you must plan to live this way and budget income and spending to make it happen.
Save a reasonable portion of your income each pay period. There is much tillage in field of a poor man, but it is all wasted for lack of judgment. There's oil and wine in the dwelling of the wise but a foolish man spends all his income. I believe saving 10% and growing from there is a reasonable starting point. However, start wherever you can immediately (2%, 5%, etc.) by building an emergency fund of 3 to 6 months of income (longer if you're self-employed or your job is not stable). God will help you do this as you adhere to the cornerstones above.
Diversifying your money and resources. Give a portion to seven or eight for you do not know what troubles you'll face. There is safety in a multitude of counselors. This means you don't have to be an expert at picking the right stock, bond, or other investment. While you should educate yourself to how these asset building/wealth management tools work, you only have to remember not to put all your eggs into one basket but over time into seven or eight types as well as seven or eight brokers/financial institutions as well as learn short and long-term investing basics for these tools as well as the histories of the types of returns they have produced over short (1-3 year), medium(4-10 years), and long (11-30 year) periods of time. Putting all your eggs in one basket results in all or a huge portion of your assets getting spoiled in market downturns, whereas putting your eggs in seven baskets results in a very small portion of your assets getting spoiled when the market dives or people attempt to snare you in fraudulent investment schemes.
Invest your excess savings. The Master gave His servants talents. The one He gave five talents went about trading (investing) and increased the talents to ten. The one He gave two traded and produced four. The lazy/wicked servant who received one talent hid it in the ground and brought no increase for the Master. On another occasion the Master gave each servant one mina. One of them traded and produced ten minas. Another traded and produced five. The lazy/wicked servant hid it in a napkin and brought no increase for the Master. The Master gave the wicked servants’ talent and mina to others who produced using kingdom principles and cast the wicked servant into outer darkness. God through the discipline of His financial plan and guidance of the Holy Spirit brings you to the point of investing when you use the above principles as the cornerstone of your finances.
I hope these eight cornerstones (principles) help you get on the road that God prepared for His people that together we may do His will and serve His people!!!
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Deuteronomy 28:12, Proverbs 21:20, 22:7, Matthew 25:14-30, Luke 6:38, 14:28-30, Hebrews 7:8, Acts 4:36
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Monday, September 21, 2009
MoneyWalk 28: Debt Elimination Methods
This program will help you undo financial bondage.
This strategy seeks to minimize the amount of finance charges you pay during the process of eliminating debt. Before using this approach it's best to close all retail store charge cards and cut them up, so you won't be tempted to use them again because they charge you nearly twenty-five cents on the dollar in interest. At most, keep a low-interest visa type account for extreme emergencies, if you can truly be responsible by not charging anything more unless an extreme emergency occurs for which you simply have no cash to cover. However, after a year or so of disciplined debt repayment and saving in an emergency fund you should not be in this type of situation.
You should consolidate as much higher interest debt as possible onto this card so you can more quickly pay off your debts if the visa type card allows you to transfer other card balances and pay interest on them at rates lower than what you are currently paying on the retail store charge cards. If you’re prone to undisciplined spending and charging purchases you should apply for a low-interest closed-ended consolidation loan instead so whatever amount is paid off is not re-chargeable.
If you have equity in your house you may be able to consolidate credit card and other debt into a mortgage or home equity loan. Such loans usually charge much lower interest rates than would be charged by credit card companies. The interest you pay on these loans can generally be deducted on your federal tax returns to reduce the amount of taxes you would otherwise owe. If you decide to use these methods to help pay down your debt beware that the financial institution can start foreclosure proceedings on your home if you miss a payment. This could result in the loss of your home and equity that you’ve built up over many years. That is why it is not good in many instances to use home loans to pay off other consumer debt.
Each of these methods requires you to become and remain disciplined in spending and saving in order for them to work to benefit you. They are not for the faint of heart, rather they are for those who are resolute in their desire to be a godly steward of their money, eliminate their debt, and become debt-free. Such people are willing to make necessary sacrifices to help themselves reach this financial position. They will engage biblical financial principles such as tracking income and expenses, cutting spending, reading financial literature to learn more about how to properly manage, honoring God by giving to help spread the gospel and help others, and saving for rainy days and future purposes.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Deuteronomy 28:12-14 and 43-45, Proverbs 22:7, Luke 16:8-9, Romans 13:8
Please forward these bondage breaking articles to other people who can use helpful insight!!!
This strategy seeks to minimize the amount of finance charges you pay during the process of eliminating debt. Before using this approach it's best to close all retail store charge cards and cut them up, so you won't be tempted to use them again because they charge you nearly twenty-five cents on the dollar in interest. At most, keep a low-interest visa type account for extreme emergencies, if you can truly be responsible by not charging anything more unless an extreme emergency occurs for which you simply have no cash to cover. However, after a year or so of disciplined debt repayment and saving in an emergency fund you should not be in this type of situation.
You should consolidate as much higher interest debt as possible onto this card so you can more quickly pay off your debts if the visa type card allows you to transfer other card balances and pay interest on them at rates lower than what you are currently paying on the retail store charge cards. If you’re prone to undisciplined spending and charging purchases you should apply for a low-interest closed-ended consolidation loan instead so whatever amount is paid off is not re-chargeable.
If you have equity in your house you may be able to consolidate credit card and other debt into a mortgage or home equity loan. Such loans usually charge much lower interest rates than would be charged by credit card companies. The interest you pay on these loans can generally be deducted on your federal tax returns to reduce the amount of taxes you would otherwise owe. If you decide to use these methods to help pay down your debt beware that the financial institution can start foreclosure proceedings on your home if you miss a payment. This could result in the loss of your home and equity that you’ve built up over many years. That is why it is not good in many instances to use home loans to pay off other consumer debt.
Each of these methods requires you to become and remain disciplined in spending and saving in order for them to work to benefit you. They are not for the faint of heart, rather they are for those who are resolute in their desire to be a godly steward of their money, eliminate their debt, and become debt-free. Such people are willing to make necessary sacrifices to help themselves reach this financial position. They will engage biblical financial principles such as tracking income and expenses, cutting spending, reading financial literature to learn more about how to properly manage, honoring God by giving to help spread the gospel and help others, and saving for rainy days and future purposes.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Deuteronomy 28:12-14 and 43-45, Proverbs 22:7, Luke 16:8-9, Romans 13:8
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Monday, September 7, 2009
MoneyWalk 27: You choose the reward
This program will help you undo financial bondage.
The bible is full of promises and rewards that can be obtained by faithfully honoring Jesus Christ. This means following the guidance and instruction of the Holy Spirit in order to obey Christ’s commandments. Each time you stumble or sin or by immaturity make a wrong decision, be quick to repent of it and turn to God asking Him to help you and resolve to never do it again.
When reading the bible, you'll find numerous Old Testament scriptures in which God promised Israel blessings in return for loving Him by living holy. He made similar promises in the New Testament to born again believers and identified that many blessing contained in the Old Testament still apply to present day believers. Rewards that faithful followers can count on:
1. Being given a positive future, a worthwhile earthly purposes, and sure eternal destiny in heaven upon confessing with your mouth that Jesus is Lord and Savior and believing in your heart that God raised Him from the dead to provide your salvation, eternal life, and fulfill His purposes throughout eternity.
2. Being made the head and not the tail.
3. Being in the wealthy position of lenders instead of the poor position of borrowers.
4. Being prosperous and having good success.
5. Having your storehouse filled with increase and overflowing.
6. Having more blessings poured out from the windows of heaven than you can use on yourself.
Simply put, it's been God's plan all along that mankind would respect and worship His son Jesus Christ and live in a way that's pleasing to Him. These blessings have been available throughout the ages to any race, culture, or nationality of people that would honor God and kiss His Son. If you want a blessed, peaceful, and joyous life financially and otherwise with treasures in heaven awaiting you, honor God by using His biblical money management principles.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalm 2, Proverbs 3:9, Malachi 3:8-12, Matthew 6:33, Luke 6:38
Please forward these bondage breaking articles to other people who can use helpful insight!!!
The bible is full of promises and rewards that can be obtained by faithfully honoring Jesus Christ. This means following the guidance and instruction of the Holy Spirit in order to obey Christ’s commandments. Each time you stumble or sin or by immaturity make a wrong decision, be quick to repent of it and turn to God asking Him to help you and resolve to never do it again.
When reading the bible, you'll find numerous Old Testament scriptures in which God promised Israel blessings in return for loving Him by living holy. He made similar promises in the New Testament to born again believers and identified that many blessing contained in the Old Testament still apply to present day believers. Rewards that faithful followers can count on:
1. Being given a positive future, a worthwhile earthly purposes, and sure eternal destiny in heaven upon confessing with your mouth that Jesus is Lord and Savior and believing in your heart that God raised Him from the dead to provide your salvation, eternal life, and fulfill His purposes throughout eternity.
2. Being made the head and not the tail.
3. Being in the wealthy position of lenders instead of the poor position of borrowers.
4. Being prosperous and having good success.
5. Having your storehouse filled with increase and overflowing.
6. Having more blessings poured out from the windows of heaven than you can use on yourself.
Simply put, it's been God's plan all along that mankind would respect and worship His son Jesus Christ and live in a way that's pleasing to Him. These blessings have been available throughout the ages to any race, culture, or nationality of people that would honor God and kiss His Son. If you want a blessed, peaceful, and joyous life financially and otherwise with treasures in heaven awaiting you, honor God by using His biblical money management principles.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalm 2, Proverbs 3:9, Malachi 3:8-12, Matthew 6:33, Luke 6:38
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Monday, August 31, 2009
MoneyWalk 26: Develop a budget
This program will help you undo financial bondage.
Diligence in mapping out your financial future month-to-month and year-to-year and writing it down on paper is what it takes to repair damaged finances and maintain good financial health. A negative financial condition should make you turn from the money management principles you've used and turn to God's principles for managing money, which always have your best interest in mind and result in blessings for you and other people.
If your situation is going to positively change, you must develop a monthly budget that lists all your bills and subtracts them from your net monthly income. Such budgeting shows, after all other bills are paid, what you have left to spend on personal items, savings, and investments. It should be calculated for each month for an extended period of times like six to twelve months.
This short-term planning of anticipated income and expenses is vital for bettering your financial health, because it lets you know what you can afford to purchase now and in the future. It shows how much money must remain in your account to cover deficits that will arise during future months and it shows how much money remains each month.
The remaining money should be used to give abundantly to the spread of the gospel, build at least a six-month emergency fund, and accumulate a size-able investment nest egg. It helps you care properly for yourself, your family, support godly ministry, and build wealth to serve your children.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 27:23-27, Habakkuk 2:2-4, Luke 14:28-30, Philippians 4:11-20
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Diligence in mapping out your financial future month-to-month and year-to-year and writing it down on paper is what it takes to repair damaged finances and maintain good financial health. A negative financial condition should make you turn from the money management principles you've used and turn to God's principles for managing money, which always have your best interest in mind and result in blessings for you and other people.
If your situation is going to positively change, you must develop a monthly budget that lists all your bills and subtracts them from your net monthly income. Such budgeting shows, after all other bills are paid, what you have left to spend on personal items, savings, and investments. It should be calculated for each month for an extended period of times like six to twelve months.
This short-term planning of anticipated income and expenses is vital for bettering your financial health, because it lets you know what you can afford to purchase now and in the future. It shows how much money must remain in your account to cover deficits that will arise during future months and it shows how much money remains each month.
The remaining money should be used to give abundantly to the spread of the gospel, build at least a six-month emergency fund, and accumulate a size-able investment nest egg. It helps you care properly for yourself, your family, support godly ministry, and build wealth to serve your children.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 27:23-27, Habakkuk 2:2-4, Luke 14:28-30, Philippians 4:11-20
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Monday, August 24, 2009
MoneyWalk 25: You Have Financial Hope
This program will help you undo financial bondage.
The only hope worth having is contained in Jesus Christ who gives eternal salvation. Upon declaring Him Savior and Lord, your eternal hope is secure. His resurrection and your belief in Him afford you a place in heaven and begin the fulfillment of your purpose on earth.
Eternal hope in Christ is not like worldly hope where you wish for things that may not come to pass, rather there is a surety that you will see your Redeemer face to face in heaven and spend eternity with Him. Also, by the power of the Holy Spirit you will encourage many friends and family to put their faith in Christ, so they can spend eternity with you.
Naturally, you hope to avoid catastrophes and daily turmoil or at least come through them victoriously, to have all your financial needs and at least some of your desires met. The bible says we will suffer persecution but will be delivered from it all to receive abundant blessing. Eternally, you planted this seed the moment you accepted Christ. Rest assured that your place in heaven is secure.
Remember, each seed produces after its own kind, which means the seed of salvation produces obedience to Christ through worship, prayer, bible reading, church attendance, evangelism, disciple-making, tithing, debt-elimination, saving, and planning. This lifestyle forms the attitude, actions, and resources necessary to bring forth fruitfulness while you’re on earth. It secures your financial hope.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalm 71:5, Proverbs 14:32, Colossians 1:5, 1John 3:3
Please forward these bondage breaking articles to other people who can use helpful insight!!!
The only hope worth having is contained in Jesus Christ who gives eternal salvation. Upon declaring Him Savior and Lord, your eternal hope is secure. His resurrection and your belief in Him afford you a place in heaven and begin the fulfillment of your purpose on earth.
Eternal hope in Christ is not like worldly hope where you wish for things that may not come to pass, rather there is a surety that you will see your Redeemer face to face in heaven and spend eternity with Him. Also, by the power of the Holy Spirit you will encourage many friends and family to put their faith in Christ, so they can spend eternity with you.
Naturally, you hope to avoid catastrophes and daily turmoil or at least come through them victoriously, to have all your financial needs and at least some of your desires met. The bible says we will suffer persecution but will be delivered from it all to receive abundant blessing. Eternally, you planted this seed the moment you accepted Christ. Rest assured that your place in heaven is secure.
Remember, each seed produces after its own kind, which means the seed of salvation produces obedience to Christ through worship, prayer, bible reading, church attendance, evangelism, disciple-making, tithing, debt-elimination, saving, and planning. This lifestyle forms the attitude, actions, and resources necessary to bring forth fruitfulness while you’re on earth. It secures your financial hope.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Psalm 71:5, Proverbs 14:32, Colossians 1:5, 1John 3:3
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Saturday, August 15, 2009
MoneyWalk 24: Balancing your checkbook
This program will help you undo financial bondage.
You must diligently balance your checkbook in order to have a healthy financial life. Good financial stewards at all times know exactly how much money they have at their disposal or they are able to quickly find out from their account ledger. People who don’t immediately add deposits and deduct withdrawals from their account balance are usually in poor financial shape. They often write checks and take on debt payments for more than they can afford to spend.
Getting a current account balance from the teller doesn’t show how much you really have to spend because many checks are cashed days or weeks after they're written. The fact that $1,000 was payroll deducted into your account on Friday doesn't mean that $1,000 is available for you to spend on desires until your next paycheck. You cannot know what you truly have available to spend unless you know what's in your account after you subtract monthly bills you have yet to pay and save 5-10% for emergencies (unexpected bills) that are sure to periodically arise.
It’s almost impossible to reduce your debt and increase your wealth without using processes based on biblical principles such as balancing your checkbook which lead you to budget your income and spending, save for the future and eventually invest, and immediately record account deposits and withdrawals so you know the state of your flocks and herds at all times.
If you do not follow such a plan, banks and financial institutions will rake you over the coals with NSF fees, late fees, overdraft fees, and other account charges. In addition, you are likely to find yourself deeply in debt (possibly facing foreclosure, repossession, and/or bankruptcy) without ever really having to be in that position.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 9:10
Please forward these bondage breaking articles to other people who can use helpful insight!!!
You must diligently balance your checkbook in order to have a healthy financial life. Good financial stewards at all times know exactly how much money they have at their disposal or they are able to quickly find out from their account ledger. People who don’t immediately add deposits and deduct withdrawals from their account balance are usually in poor financial shape. They often write checks and take on debt payments for more than they can afford to spend.
Getting a current account balance from the teller doesn’t show how much you really have to spend because many checks are cashed days or weeks after they're written. The fact that $1,000 was payroll deducted into your account on Friday doesn't mean that $1,000 is available for you to spend on desires until your next paycheck. You cannot know what you truly have available to spend unless you know what's in your account after you subtract monthly bills you have yet to pay and save 5-10% for emergencies (unexpected bills) that are sure to periodically arise.
It’s almost impossible to reduce your debt and increase your wealth without using processes based on biblical principles such as balancing your checkbook which lead you to budget your income and spending, save for the future and eventually invest, and immediately record account deposits and withdrawals so you know the state of your flocks and herds at all times.
If you do not follow such a plan, banks and financial institutions will rake you over the coals with NSF fees, late fees, overdraft fees, and other account charges. In addition, you are likely to find yourself deeply in debt (possibly facing foreclosure, repossession, and/or bankruptcy) without ever really having to be in that position.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Proverbs 27:23-24, Isaiah 55:10-11, Luke 14:28-30, 2Corinthians 9:10
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Sunday, August 2, 2009
MoneyWalk 23: Managing money by love
This program will help you undo financial bondage.
In order to have a solid spiritual foundation, you must believe with all your heart that God loves people so much that He sent His son Jesus Christ to die on the cross to eliminate the judgment due your sins in order that you, believing on Him, will have everlasting life.
He loves you immensely and desires that you would choose to have relationship and fellowship with Him thru Christ even though you deserve eternal punishment for the sins you've committed throughout your life. He already provided the blood sacrifice and every spiritual tool necessary to secure your eternal life and blessing when you display faith in Jesus Christ.
The Holy Spirit living in you and guiding you as a result of your relationship with Christ enables you to forsake sinful, worldly ways of living via a continual maturity process (sanctification and commissioning to good works in service to Him and others on earth). You must love Jesus Christ with all your heart, mind, soul, and strength, which is the first and greatest commandment. Also, you must love your neighbor as yourself, as this is the second greatest commandment. These are the foundation that must undergird all that God called you to be and do.
This means you must manage your life, including your finances, in the way that God has identified in the bible; loving Him so much that you care more about spending money on earth in a manner that brings people to the Lord and builds treasure in heaven than you care about how much you can increase your material lifestyle and comfort.
This love leads to daily prayer and scripture reading which hides the Word in your heart. It also leads to regular weekly fellowship with other believers so you can move on to deeper fellowship with Him. These love-based disciplines constantly and faithfully aim you in the direction of engaging in biblically based good stewardship of your income, assets, and resources. This in turn ensures that you fulfill your God-given purpose and ministry calling to be blessed in order to be a blessing to many others.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Deuteronomy 7:13, Proverbs 8:21, John 14:21, and Romans 13:8
Please forward these bondage breaking articles to other people who can use helpful insight!!!
In order to have a solid spiritual foundation, you must believe with all your heart that God loves people so much that He sent His son Jesus Christ to die on the cross to eliminate the judgment due your sins in order that you, believing on Him, will have everlasting life.
He loves you immensely and desires that you would choose to have relationship and fellowship with Him thru Christ even though you deserve eternal punishment for the sins you've committed throughout your life. He already provided the blood sacrifice and every spiritual tool necessary to secure your eternal life and blessing when you display faith in Jesus Christ.
The Holy Spirit living in you and guiding you as a result of your relationship with Christ enables you to forsake sinful, worldly ways of living via a continual maturity process (sanctification and commissioning to good works in service to Him and others on earth). You must love Jesus Christ with all your heart, mind, soul, and strength, which is the first and greatest commandment. Also, you must love your neighbor as yourself, as this is the second greatest commandment. These are the foundation that must undergird all that God called you to be and do.
This means you must manage your life, including your finances, in the way that God has identified in the bible; loving Him so much that you care more about spending money on earth in a manner that brings people to the Lord and builds treasure in heaven than you care about how much you can increase your material lifestyle and comfort.
This love leads to daily prayer and scripture reading which hides the Word in your heart. It also leads to regular weekly fellowship with other believers so you can move on to deeper fellowship with Him. These love-based disciplines constantly and faithfully aim you in the direction of engaging in biblically based good stewardship of your income, assets, and resources. This in turn ensures that you fulfill your God-given purpose and ministry calling to be blessed in order to be a blessing to many others.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Deuteronomy 7:13, Proverbs 8:21, John 14:21, and Romans 13:8
Please forward these bondage breaking articles to other people who can use helpful insight!!!
Sunday, July 26, 2009
MoneyWalk 22: What are you worth?
This program will help you undo financial bondage.
You must calculate your net worth in order to determine the state of your finances. Your net worth is the value of all your assets minus the amount of all your liabilities. Assets are material goods you own that have a market value that can be expressed in dollars. This means they are already in cash based accounts or could be sold to someone for a specific dollar amount.
Cash items and some other accounts are considered liquid assets (e.g., savings, checking, certificates of deposit, mutual funds, most stocks, and most bonds), which means they can be cashed in at a financial institution or sold very quickly to obtain a cash value. Other assets are considered illiquid, which means they cannot usually be converted into cash very quickly (e.g., houses, land, cars, artwork, and artifacts). In fact, you may not get the amount that you believe they’re worth because their value is based on what a willing buyer is willing to give a willing seller. The best assets are those that historically appreciate (rise in value) over a period of time and which history generally shows you can count on getting the appreciated value from the assets quickly after you put them up for sale.
Liabilities are debts you owe someone else for material goods, services, or loans. This includes such items as home mortgages, car notes, revolving charge card balances, personal loans, etc. Liabilities are generally not good to have when it comes to personal finance. Business and other loans usually lead to much trouble down the road after you personally guarantee them with your income and assets. Scripture tells you to avoid borrowing and surety (guaranteeing debt, especially for another person) because you will become a slave to the lender. In addition, you will be likely have assets taken from you and eventually be thrust into a much lower standard of living via exorbitant interest charges, repossession, foreclosure, and bankruptcy when you cannot pay the debt.
At least annually, you should calculate your net worth to measure how successful your financial plan or lack of one has been. This will give you an idea of how far into the future you could pay your current debts or expenses if all income stopped coming in. This measurement is necessary because two decades ago the economy changed and layoffs became commonplace in many industries. Today, we see this in a more extreme way in that it has encumbered many of our main economic engines (e.g., banking, mortgage, housing, commercial real estate, automobile, and retail industries).
The ‘lifetime employment with one company dream’ came to a screeching halt. This current trend of changing jobs every 5-7 years, bouts of unemployment, and untimely emergencies and catastrophes that occur in your life should help you understand that you will suffer financial hardships and great amounts of stress that will negatively affect your relationships when you don’t follow God’s plan for building worth.
A Christian who continuously uses good stewardship will accumulate a greater net worth throughout his life that will allow him to weather economic storms better than others. He will also be motivated to help more people and give more to ministry work than people who are poor stewards who spend all their money on consumer purchases and debt service.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Genesis 13:2, Job 42:12 Luke 19:2-10, James 5:1-5
Please forward these bondage breaking articles to other people who can use helpful insight!!!
You must calculate your net worth in order to determine the state of your finances. Your net worth is the value of all your assets minus the amount of all your liabilities. Assets are material goods you own that have a market value that can be expressed in dollars. This means they are already in cash based accounts or could be sold to someone for a specific dollar amount.
Cash items and some other accounts are considered liquid assets (e.g., savings, checking, certificates of deposit, mutual funds, most stocks, and most bonds), which means they can be cashed in at a financial institution or sold very quickly to obtain a cash value. Other assets are considered illiquid, which means they cannot usually be converted into cash very quickly (e.g., houses, land, cars, artwork, and artifacts). In fact, you may not get the amount that you believe they’re worth because their value is based on what a willing buyer is willing to give a willing seller. The best assets are those that historically appreciate (rise in value) over a period of time and which history generally shows you can count on getting the appreciated value from the assets quickly after you put them up for sale.
Liabilities are debts you owe someone else for material goods, services, or loans. This includes such items as home mortgages, car notes, revolving charge card balances, personal loans, etc. Liabilities are generally not good to have when it comes to personal finance. Business and other loans usually lead to much trouble down the road after you personally guarantee them with your income and assets. Scripture tells you to avoid borrowing and surety (guaranteeing debt, especially for another person) because you will become a slave to the lender. In addition, you will be likely have assets taken from you and eventually be thrust into a much lower standard of living via exorbitant interest charges, repossession, foreclosure, and bankruptcy when you cannot pay the debt.
At least annually, you should calculate your net worth to measure how successful your financial plan or lack of one has been. This will give you an idea of how far into the future you could pay your current debts or expenses if all income stopped coming in. This measurement is necessary because two decades ago the economy changed and layoffs became commonplace in many industries. Today, we see this in a more extreme way in that it has encumbered many of our main economic engines (e.g., banking, mortgage, housing, commercial real estate, automobile, and retail industries).
The ‘lifetime employment with one company dream’ came to a screeching halt. This current trend of changing jobs every 5-7 years, bouts of unemployment, and untimely emergencies and catastrophes that occur in your life should help you understand that you will suffer financial hardships and great amounts of stress that will negatively affect your relationships when you don’t follow God’s plan for building worth.
A Christian who continuously uses good stewardship will accumulate a greater net worth throughout his life that will allow him to weather economic storms better than others. He will also be motivated to help more people and give more to ministry work than people who are poor stewards who spend all their money on consumer purchases and debt service.
Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!
Genesis 13:2, Job 42:12 Luke 19:2-10, James 5:1-5
Please forward these bondage breaking articles to other people who can use helpful insight!!!
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