Building a Foundation of Biblical Principles…

God’s Ownership – we have been entrusted with what we have to manage effectively.  “The earth is the Lord’s, and all it contains, the world, and those who dwell.” Psalms 24:1.  For the believer, we start with the concept of stewardship.  God owns it all.  We are just the managers.

Giving – controlling our money so that we can tithe to our church/charitable organization.  “I fast twice a week and give a tenth of all I get.” Luke 18:12.  However, we live in the most marketed to culture on the earth.

Saving Money – saving money as a priority for emergencies, purchases, and long-term goals.  “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.” Proverbs 21:20

Living on Less than you Make – learning to be content with what we have and developing a power over purchase.  “Godliness actually is a means of great gain, when accompanied by contentment.” 1 Timothy 6:6-10

Life After Debt – You need a plan to attack the debt systematically and regain your freedom.   “Just as the rich rules over the poor, the borrower is slave to the lender.” Proverbs 22:7  We have yet to have a client facing credit card debt that did not feel like they were slave to the system.

Agreed On Purpose Cash Flow Plan - Having an “on purpose” cash flow plan agreed on with spouse, if married, or accountability friend, if not.  Managed money works harder for you and your family.  “For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it (29) lest, after he has laid the foundation, and is not able to finish, all who see it begin to mock him, (30) saying, This man began to build and was not able to finish.” Luke 14:28-30

Four Walls – putting four walls around our basic living expenses first before attacking the debt snowball is a priority. (shelter, food, clothing, transportation).    “If anyone does not provide for his relatives, and especially for his immediate family, he has denied the faith and is worse than an unbeliever.” 1 Timothy 5:8

** This material was adapted with permission from Russ Carol at The Lampo Group.