Tag Archives: savings

Finding Financial Freedom PART 5

Psalm 62:10 Trust not in oppression, and become not vain in robbery: if riches increase, set not your heart upon them.

In an effort to encourage and help you have more financial freedom, the following resources are recommend:

How to Manage Your Money, Larry Burkett
Giving & Tithing, Larry Burkett
Never Enough?, Blue & Guess
The Total Money Makeover Workbook, Ramsey
Complete Financial Guide for Young Couples, Burkett
Investing Through Your Building Years, Burkett
Investing for the Future, Burkett
Faith Based Finances, Focus on the Family
Living on God’s Economy, Chappell
Faith and Finances, Tim Rosen
Money Map, Crown Financial
Free and Clear, Howard Dayton
The S.A.L.T. Plan, Howard Bentley
Your Money Map (Audio CD), Howard Dayton
Money Matters Workbook for Teens, Larry Burkett
How to Manage Your Money, Larry Burkett
Using Your Money Wisely, Larry Burkett
Business by the Book, Larry Burkett
Money Before Marriage, Larry Burkett
Financial Peace Revisited, Dave Ramsey
Smart Money; Smart Kids, Dave Ramsey

 

 

 

 

 

 

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Finding Financial Freedom PART 4

III. Consider Others.
“According to the Guinness Book of World Records, Hetty Green may have been the biggest miser who ever lived. Her father died when she was thirty leaving her an inheritance of more than $100 million in today’s money. Though it was unusual for a woman to be involved with banking and investments at the time, she concentrated all of her efforts and attention on growing the family fortune.
Her focus on money drove a wedge between her husband and their two children. And the family was scattered. Known for eating cold oatmeal to save money for heating and washing only the hem of her dress to save money on soap, she was sometimes called the “Witch of Wall Street.” When her son, Ned, broke his leg as a boy, she tried to have him treated in a free clinic for the poor, before treating him at home. His leg would later have to be amputated. When she died, Hetty Green was worth the equivalent of some 4 billion dollars today, but she was alone and miserable.” -Min127
1 Timothy 6:10 For the ___________ of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.
IV. Consider Cash: Do Not Spend More Than You Have.

Remember when you could “lay an item away” at K-Mart? “Some people buy things on the “lay awake plan.” They lay awake each evening trying to figure out how they will pay for it!” -Min127
Luke 14:28 For which of you, intending to build a tower, sitteth not down first, and counteth the ___________, whether he have sufficient to finish it?
Proverbs 22:7 The rich ruleth over the poor, and the borrower is _________________ to the lender.

V. Consider Your “Wanter.”
“The story is told about a clever salesman who closed hundreds of sales with this line: “Let me show you something several of your neighbors said you couldn’t afford.”” -Min127

We all “Want” certain things in life.  If we are not careful – our wants will control our thoughts and decisions…  Consider the following Scriptures:

Exodus 20:17 Thou shalt ________ covet thy neighbour’s house, thou shalt not covet thy neighbour’s wife, nor his manservant, nor his maidservant, nor his ox, nor his ass, nor any thing that is thy neighbour’s.
Psalm 119:36 Incline my _______________ unto thy testimonies, and not to covetousness.
Proverbs 21:26 He coveteth greedily all the day long: but the righteous _____________ and spareth not.
1 Corinthians 5:11 But now I have written unto you not to keep company, if any man that is called a brother be a fornicator, or covetous, or an idolater, or a railer, or a drunkard, or an extortioner; with such an one no not to eat.
Guard your eyes and your thoughts. Avoid dwelling on “what you do not have” and be thankful for what God has already given you.
When I was a boy, my parents would teach me to tithe, give, save, and spend little. Only things I bought were some baseball cards and new shoes. The rest was either given away or saved. When after college Natalie and I were married, I had several thousand dollars that we lived on for a while.
Personal Financial Discipline Honors the Lord.
“$1.00 spent for lunch lasts five hours.
$1.00 spent for a neck-tie lasts five weeks.
$1.00 spent for a cap lasts five months.
$1.00 spent for an auto lasts five years.
$1.00 spent for a railroad lasts five decades.
$1.00 spent in God’s service lasts for eternity.”  -Roger W. Babson

Psalm 62:10 Trust not in oppression, and become not vain in robbery: if riches increase, set not your heart upon them.

Finding Financial Freedom PART 3

Finding Financial Freedom PART 3

How Can I Be Rich Towards God…
I. Consider God First.

I like this money story:  “A torn and ragged one-dollar bill discovered that it was about to be retired from circulation. As it slowly moved along the conveyor belt to the shredder, it became acquainted and struck up a conversation with a fifty-dollar bill that was meeting the same fate.

The fifty began reminiscing about its travels all over the country. Life has been good,” the fifty exclaimed. “Why, I’ve been to Las Vegas, the finest restaurants in New York, political fund raisers, and I just returned from a cruise on the Caribbean.”
The one-dollar bill said, “You’re fortunate to have been able to visit all those places.”
So where all have you been in your lifetime, my little friend,” said the fifty?” “Well, I’ve been to the Methodist church, the Baptist church, the Episcopal church, the Presbyterian church, the Lutheran church, the Catholic church, the Salvation Army church, the Orthodox church, the Assembly of God church, the Brethren church, the Quaker church, the Pentecostal church, the Charismatic church, and the Church of Christ.
“Excuse me,” said the fifty, “but what’s a Church?”” -Min127
• First Fruits. Proverbs 3:9 Honour the LORD with thy substance, and with the firstfruits of all thine _________________:
• First Withdrawal.  Have a thought-out plan.  Schedule Tithing, giving, saving, etc. These disciplines should be habit. They are not based on how I feel. You may not feel like brushing teeth or cleaning your clothes but you do it. 1 Timothy 6:7-8 For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith ____________________.

II. Consider Savings Second
Have a Savings Strategy.  Have long term planning.  Save up a short term savings for emergencies. Start with $1000 in emergency cash.  Follow your budget. Have one.  Find Ways to Save Pennies. Delay purchases one more month. Wait. Don’t buy things you will seldom if ever use.

BTW: It does not matter if it is a good deal – if you do not need it – don’t buy it.  Avoid the sales pressures of “Buy In next 15 minutes or you will lose the sale.”  Walk away.  Avoid the Checkout Lane items.
BTW: Many people in perpetual poverty are the fastest to buy on impulse the items at the checkout lane. Higher priced stuff. You get more product for less at the back of the store.

Here are some ideas to stretch your dollar farther…
o Keep using appliances till they die.
o Buy cars slightly used. Saves thousands on depreciation.
o Pay off the credit card each month. If you struggle to be disciplined, cut the card up, pay the rest of the bill. Use cash or debit.
o Take less vacations until house is paid off.
o Visit family for vacation. Go camping.
o Use Coupons. Mom used to save $10,000 or more with them.
o Learn the “art” of cutting your kids hair.
o Lunch not dinner at restaurants.
o Limit gift costs. Have discipline.
o Smaller birthday parties. Events should not be hundreds of dollars.
o Pay extra on principal not interest

Hebrews 13:5 Let your conversation be without covetousness; and be _____________________ with such things as ye have: for he hath said, I will never leave thee, nor forsake thee.

 

Finding Financial Freedom PART 2

Do you ever find that you have more month than money?
• Would you like to get out of debt?
• Would you like to not have credit card payments hanging over your head and dragging out for months or years?
• Would you like to be able to buy anything you need at any moment?
• Would you like to be able to help others in need ($1000) as soon as you see the need?
• Would you like to be able to retire from “income work” and have time to do “ministry work” in your retirement years?
What is your story concerning finances?
Personal Financial Discipline Honors the Lord.

We need Principles of Stewardship instilled in our financial and living choices.
Principle #1. “It all Belongs to God.”
• Exodus 19:5 Now therefore, if ye will obey my voice indeed, and keep my covenant, then ye shall be a peculiar treasure unto me above all people: for ________ the earth is mine:
• Psalm 50:10 For every beast of the forest is mine, and the cattle upon a thousand hills.
Principle #2. “I Am A Steward.” 1 Corinthians 4:2

  • Be Faithful.
    Luke 16:10 He that is ____________ in that which is least is faithful also in much: and he that is unjust in the least is unjust also in much.
    Steward = oikonomos, oy-kon-om’-os = a house-distributor (i.e. manager), or overseer, i.e. an employee in that capacity; by extension, a fiscal agent, treasurer.” -Strongs

God trusts us to some things in life. He adds more to those who are more trustworthy.

BTW: Not all blessings are measured in tangible physical things.

  • Be Fruitful. Tithe.
    Giving to God first is like planting finances to grow for the future.  This is an Old Testament concept that pre-dates the Law. Malachi 3:10 _____________ ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the LORD of hosts, if I will not open you the windows of heaven, and pour you out a _____________________, that there shall not be room enough to receive it.

When we believe principle #1 – “it all belongs to God” it is easier to practice.
Malachi 3:8 Will a man ________ God? Yet ye have robbed me. But ye say, Wherein have we robbed thee? In _______________ and offerings.

BTW: We still follow the civil law of the OT. The ceremonial law, and the laws indicating salvation, we do not follow. The practical law still works.

  • Tithes are Expanded on in New Testament
    Matthew 5:21. Hate is like murder.
    Matthew 5:28. Lusting is same as adultery.
    The idea is that the “Spirit of the Law” and the attitude with which one follows the Bible teaching is more important than the “letter of the Law.”  That would indicate that 10% is a great place to start with the “spirit of tithing and giving.”

That is why 2 Corinthians 9:7 says, “Every man according as he purposeth in his heart, so let him give; not grudgingly, or of necessity: for God loveth a __________________ giver.”

Principle #3. Money is Temporary.
Take a moment to read Matthew 6:19-20.  1 Timothy 6:17 says, Charge them that are rich in this world, that they be not highminded, nor trust in __________________ riches, but in the living God, who giveth us richly all things to enjoy;

Principle #4. Eternal Investments Can be Made.

God Does Not Need Your Money.  Please read Psalm 50:7-13

You Need the Financial Discipline that Tithes and Offerings Provide. Psalm 50:14-15.

There is a difference between controlling your money or allowing money to control you! God does not reprove His people for bringing the offering, but for thinking that they were doing God a favor, or helping Him out with the offering. God does not want your money – He wants your heart! Love Him more than money!  We bring tithes and give offerings, not because God depends on us – but because we depend on God!

“The story is told of a man who was asked, “Are you a believer in the Christian religion?”
“Oh, certainly!” “You are a member of some church, then, I suppose?”
“Member of a church? No, indeed. Why should I be a member of a church? It is quite unnecessary; the dying thief wasn’t a member of a church, and he went to Heaven.”
“But of course you have been baptized; you know the command—”
“Been baptized? Oh, no; that is another needless ceremony! I am as safe as the dying thief was, and he never was baptized.”
“But surely, since you will not join a church or be baptized, you will do something in acknowledgment of your faith. You will give of your means—you will help the cause in some way?”
“No, sir; I do nothing of the kind. The dying thief—”
“Let me remark, my friend, before you go any further, that you seem to be on pretty intimate terms with the dying thief. You seem to derive a great deal of consolation from his career. But, mind you, there is one important difference between you and him. He was a dying thief—and you are a living thief.”” -Min127

Luke 12:31 But rather seek ye the kingdom of God; and all these things shall be added unto you.

Check out Luke 12:13-21.

 

The “Value Equation”

The “VALUE EQUATION” 

He that loveth silver shall not be satisfied with silver; nor he that loveth abundance with increase: this is also vanity. Ecclesiastes 5:10

More money and more stuff that money can buy will not satisfy the deepest needs of your heart.  Because we tend to overvalue money and stuff, we can get caught into bad spending habits.  Today, please consider the God given stewardship He has entrusted to you.

How much is money worth to you?  How much are the items you buy worth to you?  What value do you place on the new TV, Phone, Car, etc.???

We can work the math to determine our money and materialistic values.  The “Value Equation” takes into account how much money you make per hour and then divides the total cost of the item you hope to purchase to then tell you how many hours you need to work to buy that item.  For example:

Suppose you make $15 per hour and work 40 hours per week.

Let’s say a new TV will cost $640. You make: $15 an hour.  (Divide cost of item by hourly wage.)

How many hours does it take you to buy the TV?  42.6 hours of work or nearly a full week of work.  That is how you determine value.  Is the TV worth it?  Should you save up a little longer?  Should you wait for the TV to go on sale or consider a different model?  Are discount codes and coupons worth looking for and using this purchase?

Have you ever said “It is only $5?”  That is about 20 minutes of work (at $15/hour).  Looking at money and value this way will help you make better fiscal decisions.

A new iPhone is $800.  800/15 = 53.3.  It will take a person 53.3 hours of work to be able to buy an iPhone.  Factor in all the other real needs you have and the iPhone may not be worth 6 long days of work to.

Remodeling a room in your house? Let’s say a new remodel is $3000.  That is 200 hours of work or 5 weeks of work (at $15/hour and 40 hours per week). Again, the power, gas, and water bill must be paid and you still must eat each day and feed your family.  Consider the insurance bill comes every 6 months and the house payment is a big portion of your budget.  It may be a good idea to save up a little longer to do the remodel.

IF Christians understood the value of money, while learning not to love money, we would become better stewards of the money God has entrusted to us.  “How much is it?” is not the best question to ask.  “How much do I value it?” is better. Greater still, “Is this what God would have me to purchase?” Ask the Lord to help you become better disciplined with His finances.