Archive for

Finances and Financial Discipline

Generally speaking, everyone knows what to do to secure one’s financial future. However, some don’t take action. What you really have to do is quite simple. First, you have to earn money. Second, you have to spend less than you what you earned. And third, you have to save and invest.

One of the first things you ought to do is sit down one day and write what your expenses are and also what your income is. Then you have to figure out how much you can save and also whether you can cut down on some of your expenses.

Think about ways to increase your income. My drink machine brings me about $3,000 a year. We also have t-shirt and Proshop sales. Take some of the income from these sources and invest.

You have to get rid of all your debts. If you have four credit cards, pay them off one by one, starting with the one with the least balance. It won’t happen overnight, but with financial discipline, it can definitely be done. If need be, cut back on your spending as much as possible while trying to be rid of debt.

Don’t wait for the perfect time to arrive to begin your investments. Today is the perfect time.

You need to open an investment account. Find a company like Schwab or E*TRADE and find an accountant and get involved in your investment account, so as to ensure tax benefits.

The rules for investment are simple. Keep it simple. Pick something that may not give you a huge return, but also carries less risk. It’s a good idea to diversify your investment by investing in mutual funds (which consist of a variety of stocks-some of which will go up and some of which will go down) as well as bonds and treasuries. Don’t jump into investment too quickly. Go in slowly.

Try to automate your investments every month, so that you can be on track toward achieving your financial goals

Don’t be afraid to ask questions. Talk to people who know more than you about the financial world. Just walk into a bank and ask questions. “Well, if I gave you $500, what can you make it do for me in five years?”

Don’t be afraid to invest just a small amount. But make sure you do it all the time.

My advice to others is that if you don’t know where you want to be, you won’t get there. So analyze your goals. And then take the steps to get there. Make sure your goals are realistic.

Figure out an age for retirement or at least an age where you’d like to be prepared for retirement. This will make it easier for you to figure out how much you have to invest every month in order to reach that magic number. I use a website called http://www.mycalculators.com. This shows you how much you would have in the long-term along with your interest, if you invest a certain amount every month.

If you have kids, you have to figure out if you’d like to save money for their college education, and also if you would like them to inherit money after you pass away.

Your Finances and Biblical Prosperity

People sometimes equate money with Biblical prosperity. They sometimes measure it with the way their money piles up in their bank accounts. This is absolutely wrong.

Biblical prosperity cannot be found in the form of finances. It is something that can be found inside one’s self. Ironically, the very thing that man desires becomes the root of all evil.

“But those who desire to be rich fall into temptation and a snare, and into many foolish and harmful lusts which drown men in destruction and perdition. For the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows.

1 Timothy 6:6-10.

Money seems to be able to buy everything, but only when it is too late that you’ll understand that it cannot buy you true happiness. Happiness cannot be measured by the amount of money in your wallet. Biblical prosperity will elude you forever if you keep on looking for money to be happy.

Understand that even the poorest among the poor finds it easy to get Biblical prosperity. Why is that so? It is because they are happy with whatever God decides to bestow upon them. God provides people with ways to have all this. It is up to man to decide if he indeed wants that Biblical prosperity in his life.

The state of your finances can very well provide you with Biblical prosperity. How? Look beyond the numbers. Choose to look at how wonderful a life God provided you. Count your blessings. And surely, you’ll say that indeed you have found your kind of Biblical prosperity.

Read your Bible every day. Find that it comes to those who are ready to have it. It is not as elusive as some people have described it to be. As a matter of fact, it is one of the easiest to achieve.

Stop doing your Mathematics in the wrong way. Be guided with the philosophy behind it. Subtract your greed, envy and fears. Add appreciation, belief and values. With this, you’ll end up with blessings you have never asked to have. This is Biblical prosperity.

And of course, ensure that your prosperity will last by sharing it with others. Live by it and let others live.

Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously.

Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.

2 Cor. 9 6,7

Always remember that there are also those who seek the Divine Providence of prosperity. Be their selfless guiding light, the way God did it for you.