Principles of Finance - 101 by GeAb2hXa

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									                         Personal Money Management
                                      Using Biblical Concepts

                                                Outline

        Introduction

                 The Bible Connection

                 The Mission Statement


        World View vs God’s View of Wealth

                 History of Christianity & Wealth

                 God’s Will for Money or Wealth


(Session 2): Accumulating Money or Wealth

                 Earning Money by Employment

                 Receiving Money as a Gift from God

                 To Borrow or Not to Borrow


        Money Management or Stewardship

                 Providing for Your Family

                 Providing for Others

                 Leaving “True” Riches

                 False Financial Concepts

                 Other Good Tips

        Case Study

                 A day in the life of the “Goodfellow” family.

        Conclusion

                 Financial Freedom & Release from Servitude



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                         Personal Money Management
                                      Using Biblical Concepts

        Accumulating Money or Wealth

        Earning Money by Employment

        It is just as important how we earn our money as how we spend it.

        “A good name is to be chosen rather than great riches, loving favor rather
        than silver and gold.” (NKJ) Prov 22:1

        1.       How should a man earn money?

                 God assigned all men through Adam to work for a living.

                 “In the sweat of your face you shall eat bread till you return to the
                 ground..." (NKJ) Gen 3:19

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        2.       How much time should it take?

                 God gave man a six day work week, but man has shortened it.

                 “Six days you shall labor and do all your work, but the seventh day
                 is the Sabbath of the LORD your God. In it you shall do no work:
                 you, nor your son, nor your daughter, nor your male servant, nor
                 your female servant, nor your cattle, nor your stranger who is within
                 your gates. (NKJ) Exod 20:9-10

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        3.       What is the best kind of work to do?

                 If we obtain our living honestly, we will gain respect even from
                 outsiders and we will not lack.

                 “...that you also aspire to lead a quiet life, to mind your own
                 business, and to work with your own hands, as we commanded
                 you, that you may walk properly toward those who are outside, and
                 that you may lack nothing.” (NKJ) 1Thes 4:11-12

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                         Personal Money Management
                                      Using Biblical Concepts

        Earning Money by Employment (Continued)

        4.       What is the easiest kind of work to do?

                 A man’s desire to earn his living without work will result in poverty.

                 “The soul of a lazy man desires, and has nothing; but the soul of
                 the diligent shall be made rich. (NKJ) Prov 13:4
                 “Be diligent to know the state of your flocks, and attend to your
                 herds...” (NKJ) Prov 27:23

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        5.       What is the fastest way to earn money?

                 Get rich schemes will lead to ruin.

                 “The plans of the diligent lead surely to plenty, but those of
                 everyone who is hasty, surely to poverty.” (NKJ) Prov 21:5

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        6.       Isn’t it normal for businessmen to cheat a little?

                 Gathering riches by wrongdoing is sinful and calls for judgment.

                 "Woe to him who builds his house by unrighteousness and his
                 chambers by injustice, who uses his neighbor's service without
                 wages and gives him nothing for his work...” (NKJ) Jer 22:13

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        7.       What if I refuse to work?

                 A man who refuses to work will not eat.

                 “For even when we were with you, we commanded you this: If
                 anyone will not work, neither shall he eat” (NKJ) II Th 3:10

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                         Personal Money Management
                                      Using Biblical Concepts

        Earning Money by Employment - Continued


        8.       How should I treat employees?

                 God gave special instructions about how to treat employees.

                 "You shall not oppress a hired servant who is poor and needy,
                 whether one of your brethren or one of the aliens who is in your
                 land within your gates.” (NKJ) Deut 24:14

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        9.       What if my boss doesn’t appreciate me?

                 A man should do his work as if he were doing it for the Lord.

                 “And whatever you do, do it heartily, as to the Lord and not to
                 men...” (NKJ) Col 3:23

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        10.      If I do all these things, will I get rich?

                 God does not promise monetary riches to men, but He is our
                 richness and security beyond measure. We should seek Him.

                 “Do not overwork to be rich; because of your own understanding,
                 cease! Will you set your eyes on that which is not? For riches
                 certainly make themselves wings; they fly away like an eagle
                 toward heaven.” (NKJ) Prov 23:4-5

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                         Personal Money Management
                                      Using Biblical Concepts

        Receiving Money as a Gift from God

        There are times when God wants to stretch our faith and provide
        something we want or need in a supernatural way.

        “Now this is the confidence that we have in Him, that if we ask anything
        according to His will, He hears us. And if we know that He hears us,
        whatever we ask, we know that we have the petitions that we have asked
        of Him.” (NKJ) I Jn 5:14-15

        1.       We must believe God.

                 Abraham is an example of a man who believed God would do what
                 He said. It was counted to him for righteousness.

                 “But without faith it is impossible to please Him, for he who comes
                 to God must believe that He is, and that He is a rewarder of those
                 who diligently seek Him.” (NKJ) Heb 11:6

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        2.       We must ask in Jesus’ name.

                 "And whatever you ask in My name, that I will do, that the Father
                 may be glorified in the Son. If you ask anything in My name, I will
                 do it.” (NKJ) John 14:13-14

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        3.       Our request must not be selfish.

                 Moses asked God to change His mind and his request was
                 granted. (Exodus 32:11-14)

                 “You ask and do not receive, because you ask amiss, that you may
                 spend it on your pleasures.” (NKJ) James 4:3

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        4.       Our request must be in the will of God.

                 Moses and the Israelites prayed and God parted the Red Sea and
                 provided them with food, shelter and clothing for 40 years.
                 “Now this is the confidence that we have in Him, that if we ask
                 anything according to His will, He hears us.” (NKJ) I Jn 5:14

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                         Personal Money Management
                                      Using Biblical Concepts

        Receiving Money as a Gift from God - Continued

        5.       We must give to receive.

                 “Whoever shuts his ears to the cry of the poor will also cry himself
                 and not be heard.” (NKJ) Prov 21:13

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        6.       We must be thankful for what we have.

                 “Be anxious for nothing, but in everything by prayer and
                 supplication, with thanksgiving, let your requests be made known to
                 God...” (NKJ) Phil 4:6

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        7.       We must confess our sin.

                 “Behold, the LORD'S hand is not shortened, that it cannot save;
                 nor His ear heavy, that it cannot hear. But your iniquities have
                 separated you from your God; and your sins have hidden His face
                 from you, so that He will not hear.” (NKJ) Isa 59:1-2

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        8.       We must pray in the Spirit.

                 “Likewise the Spirit also helps in our weaknesses. For we do not
                 know what we should pray for as we ought, but the Spirit Himself
                 makes intercession for us with groanings which cannot be uttered.
                 Now He who searches the hearts knows what the mind of the Spirit
                 is, because He makes intercession for the saints according to the
                 will of God.” (NKJ) Rom 8:26-27

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                         Personal Money Management
                                      Using Biblical Concepts

        To Borrow or not to Borrow

        Until recent times, financial bondage meant physical bondage. Hence,
        the scripture “borrower is servant to the lender” was a physical reality. If a
        man could not pay his debts, he could be thrown into debtor’s prison.

                 "Agree with your adversary quickly, while you are on the way with
                 him, lest your adversary deliver you to the judge, the judge hand
                 you over to the officer, and you are thrown into prison. Assuredly, I
                 say to you, you will by no means get out of there till you have paid
                 the last penny.” (NKJ) Matt 5:25-26

        Physical bondage no longer exists, but mental bondage does. Thousands
        of marriages and families are destroyed each year because of financial
        pressures.

        What would God have us do?

        1.       Is borrowing unscriptural?

                 a.       “Owe no one anything...” (NKJ) Rom 13:8

                          This is taken out of context; read Rom 13:7.

                          ………………………………………………………………………
                 b.       "He shall lend to you, but you shall not lend to him...”
                          (NKJ) Deut 28:44

                          This verse refers to their poverty due to disobedience.
                          Therefore, they had nothing to loan. Read Deut 28:15-43.

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                 c.       “...and the borrower is servant to the lender.”
                          (NKJ) Prov 22:7b

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                 d.       “Neither a borrower nor a lender be.” Shakespeare

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                         Personal Money Management
                                      Using Biblical Concepts

        To Borrow or not to Borrow (Continued)

        2.       Where was borrowing allowed?

                 a.       "To a foreigner you may charge interest, but to your brother
                          you shall not charge interest...” (NKJ) Deut 23:20

                          The law allowed lending, even with interest to strangers.

                          ………………………………………………………………………
                 b.       “A good man deals graciously and lends...” (NKJ) Ps 112:5

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                 c.       "Give to him who asks you, and from him who wants to
                          borrow from you do not turn away.” (NKJ) Matt 5:42

                          Jesus Himself did not condemn borrowing.

                          ………………………………………………………………………

        3.       What shall we do then?

                 Borrowing in itself is not a sin, but why then does it so often lead to
                 destruction? Our heart attitude is the key. Therefore, what man be
                 acceptable for on person may be sin for another. Following are
                 attitudes to consider when thinking about borrowing.

                 a.       Do I really need it or is it just an impulse?

                 “Also it is not good for a soul to be without knowledge, and he sins
                 who hastens with his feet.” (NKJ) Prov 19:2

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                 b.     Have I misspent money that God already provided for food
                 and clothing?

                 “And my God shall supply all your need according to His riches in
                 glory by Christ Jesus.” (NKJ) Phil 4:19

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                         Personal Money Management
                                      Using Biblical Concepts

                 To Borrow or not to Borrow - Continued

                 c.      Could God be using your lack of funds to change your
                 direction?

                 “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.” (NKJ) 1 Tim 6:9

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                 d. Have I violated scriptural principles?

                 “You ask and do not receive, because you ask amiss, that you may
                 spend it on your pleasures.” (NKJ) James 4:3

                 “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.” (NKJ) 1 Tim 6:10

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                         Personal Money Management
                                      Using Biblical Concepts


        Further Assistance

        If I can be of any further assistance to you in any way, please do not
        hesitate to contact me.


        Mike Means
        INVEST ETERNAL
        331 N First Ave, Suite 100
        Phoenix, AZ 85003

        Phone: (602) 452-2901
        Fax: (602) 452-2920
        Email Metro900@aol.com




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