Published on March 8, 2014
Wisdom for Financial Mastery
Key Vocabulary Income Expense Cashflow Escrow Passive Income
4 KEY Paradigms! • • • • Your Money is Not Yours! It’s God’s Imitate God as His Children – Eph 5:1. Gen 1. Clear Goals! Hab 2:4 – Increase your drive! God First – Prov 3:9,10
Paradigms for Putting Your Finances on Auto-Cruise • Money is Discipline – Once you learn discipline you will master money. Prov 23:3-5, Prov 27:23,24. Keep scores! • Money is a Game – You need to learn the rules, and play to win. E.g. Understand Credit, Understand financial statements, understand vocabulary, Understand Leverage Prov 11:15,16. • Safety is in Godly counsel – Get counsel – from the word, counselors, Prov 11:14, Prov 15:22, Ps 1:1, Prov 12:15, Ps 119, 24, 98,99. Get a mentor or a coach. • Money is Relationships and Leverage! Prov 18:24 (NIV), 1 Cor 15:33, Prov 27:17, Prov 17:17, Ecc 4:9-12, Job 6:14, Prov 22:24-27. Get a book keeper or empower your spouse.
Laziness! • Prov 10:4 - He who has a slack hand becomes poor, But the hand of the diligent makes rich. • Col 3:23 – “And whatsoever ye do, do [it] heartily, as to the Lord, and not unto men” • 2 Thessalonians 3:10 - For even when we were with you, this we commanded you, that if any would not work, neither should he eat. • Proverbs 18:9 - He also that is slothful in his work is brother to him that is a great waster. • 1 Timothy 5:8 - But if any provide not for his own, and specially for those of his own house, he hath denied the faith, and is worse than an infidel. • Proverbs 21:25 - The desire of the slothful killeth him; for his hands refuse to labour. • Proverbs 26:13-16 - The slothful [man] saith, [There is] a lion in the way; a lion [is] in the streets • Proverbs 12:24 - The hand of the diligent shall bear rule: but the slothful shall be under tribute.
Key Lessons • How you manage your money has eternal implications. • Seek first the Kingdom of God and His righteousness and others will be added. When you seek His priority, he knows how to decorate you with everything else. • Stewardship Matt 6:24 Choose the One you want to serve. Luke 14:33. Criteria for becoming a disciple. Matt 25. God Owns. We manage! • Plenty of Lessons from Solomon! 1. Keep Records – Prov 27:23,24, Prov 23:23 (I, E, C, A, L) Money goes if not sent. Prov 24:3,4. 2. Plan your spending and follow it – Prov 21: 5 Yearning>Earning Prov 21:20 3. Save! Pay attention to the Ants. Prov 21:20, Prov 13:11, Prov 22:3 4. Start your financial Plan with God -Give! Prov 3:9,10. Prov 11:25 5. Manage Debt Ps 37:21, Prov 22:7, Borrowing Interest > Savings Interest 6. Work Hard: Prov 14:23, Prov 28:19, Ecc 9:10, Col 3:23 7. Get Godly counsel Prov 15:22, Ps 1:1, Prov 12:15, Ps 119:24, 98,99 8. Be Content! Ecc 6:9, Phil 4:11, 1 Tim 6:6-8, 2 Cor 10:12 9. Invest and be a disciple! Prov 21:5. Luke 12:16-21 God, Family, 10. Prioritize! Matt 6:33, 1 Kings 3:5-14 – Live on the Margin.
Review : 45 mins • 8 In a Group: Know your members • 3 Things to evaluate 1. Income vs Target Income 2. Expense vs Target Expense 3. Cashflow vs Target Cashflow 4. The most important goal is +ve Cashflow • If you were not around last week, join a group, listen and learn. • If you don’t earn any income, make sure your team lead knows. • Ensure your cashflow is positive next week. Take calculated risks.
Fin Statement: Target $0 $150 $100 Fixed Asset$2200 +50 Loan $1150
Fin Statement: Actuals $0 $200 $120 Fixed Asset$2280 Loan $1150
Fill the Welcome Form • We want to know that you came or know when you don’t come. • We want to know what your DECISIONS are. • We want to know where you want to SERVE • It’s just for us to be able to communicate with you like the ants. • We fill this every Sunday. For Financial Mastery Class and for Service.
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