Of the many kinds of people in the world, I would be the one looking a little further down the road, trying to think where I would be in life at a certain demarcation. Because of that, I love setting goals. The other day, our youngest daughter came to me to ask about how she can start to set some money aside for her future, and wanted to know the best way to plan. One of the most important things is although our ultimate goal might be to be free financially at a certain point in life, it begins with small steps.
Another time, I was working with a couple who had found themselves in serious financial difficulty, both of them tithers, but due to their situation, they even stopped doing what they knew to be the most important thing. Some people say money is not important, but when the lack of it is present, is sure can affect our lives. Because of the seriousness of their situation, they had to put an immediate end to all spending. Nothing but the absolute necessary items to survive, and start tithing and giving again immediately. God doesn’t get people into financial problems, but He will help to get them out.
Next I told them to not focus on their mountain of debt. If all you ever do is focus on eliminating debt, it can be demoralizing, discouraging and you can feel overwhelmed and defeated. Yes, get a plan to reduce the debt, but at the same time, set in order a plan to start accumulating wealth. The debt came down, the increase account grew, and they are now debt free, and have been able to do many things they never thought possible because they stuck to the plan.
Having faith cannot be used as a reason not to plan and set goals. Living for God is giving ourselves fully to Him in our commitment and our consecration, but it is not putting our life on the shelf and waiting for Him to do everything. The Bible says "If any man lacks wisdom, let him ask of God who giveth to all men liberally." There is no lack of wisdom available, but there is a lack of operating in wisdom in many today.
Faith is trusting God in all things, but wisdom, is the ability to hear God’s voice when you pray and then apply what He leads you to do. So let’s talk about that $500 check. To some it’s not a lot of money, to others, it would be a stretch to do, but what if it needs to be done. How do we get ourselves in a better and stronger financial position? You may at some point inherit some money, that is one way, but not the ideal way, because often, the value of money is not learned that way. Working hard, and setting goals is always the best way to accumulate wealth.
I know this is as much a practical blog today as it is spiritual, but then again, if all you do is ask God to bless you and never act, you can find yourself in trouble down the road.
Rule number one if you want to be in a better position financially one year from today is START NOW! People who say, “at the end of this month” or “I plan someday to start” are really saying, never. By starting now, I mean, find yourself five or ten dollars, and put it somewhere that you can’t touch it. My recommendation is an auto debit account apart from your bank account that will reach its hand into your bank account on a set day weekly and pull out the amount you tell it to do automatically. Thats the starting point.
Also, remember, this is in addition to whatever amount you apply to debt, loans, mortgages or credit cards. Clear your cards and keep them clear, pay your auto loans consistently to keep your credit rating high and do not go into any more debt.
Second, don’t touch that money! Let it grow, one hundred, three hundred etc. Until it reaches a place where you can begin to pray about a higher interest secure investment, then transfer some, not all into that higher yield account.
As your financial picture begins to change, and it will, you will learn more and more about low, medium and higher risk investments and your money will begin to grow exponentially! Most important of all, pray and ask God for Wisdom, and He will help you along with the healthy guidance of those who have seen success in their finances this way also.
James 1:5 “If any of you lacks wisdom [to guide him through a decision or circumstance], he is to ask of [our benevolent] God, who gives to everyone generously and without rebuke or blame, and it will be given to him”.
Deuteronomy 8:18 “But you shall remember [with profound respect] the Lord your God, for it is He who is giving you power to make wealth, that He may confirm His covenant which He swore (solemnly promised) to your fathers, as it is this day”.