Do you want to be rich or are you a faithful steward? These two things are not necessarily in conflict. Building wealth is not contrary to a godly life as long as wealth comes from being a faithful steward, and getting rich is not your primary goal.
The ideas we discuss today are from the Simple Dollar
It‚Äôs okay to build wealth as long as it‚Äôs a byproduct of being faithful and getting rich is not your primary focus.
The resources we need are:
- ¬†¬† ¬†Hard work
- ¬†¬† ¬†Self-control
- ¬†¬† ¬†Patience and time
- ¬†¬† ¬†Understanding your current situation and your personal financial pitfalls
- ¬†¬† ¬†Willingness to change bad habits (which can be hard and painful)
Here are some ways items you can use the hard work, responsibility and self-control to build wealth:
1.¬†¬† ¬†Manage your spending and your lifestyle
2.¬†¬† ¬†Work hard to maximize personal Income
3.¬†¬† ¬†Eliminate debt
4.¬†¬† ¬†Take advantage of legal tax breaks
5.¬†¬† ¬†Take advantage of free money (employer matching funds in the company‚Äôs 401k and the pre-tax dollars that are being invested)
6.¬†¬† ¬†Make long term investments so compound interest works for you
7.¬†¬† ¬†Invest in yourself. Get an advanced degree or certification that will make you more valuable at work
8.¬†¬† ¬†Invest any financial windfalls that come your way (bonus, gifts, inheritance, etc.)
If you are looking for a financial professional, check out Kingdom Advisors and be sure to interview at least 3 people before making a decision.