Manage Your Money God’s Way - How to Create Wealth

August 6, 2016

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.

SHOW NOTES:

The ideas we discuss today are from the Simple Dollar
It’s okay to build wealth as long as it’s 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’s 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.

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