You don’t have to settle for merely existing when God’s plan is for you to truly live. Most people spend more time planning their vacation than they plan their future because it’s easier to escape than it is to change. Notes from this workshop are below these links:
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These sessions will help you understand the purpose of your finances, strategy in managing your finances, and how to leverage your finances. so you may truly live.
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My very difficult to read notes from the 10/3/18 Financially Empowered Workshop:
FINANCIALLY ACTIVATED
supernaturally empowered
We are going to look at a variety of ideasand I believe God is going to highlight certain things to certain people as we move along.
Pay attention& take notes.
Forbes magazine lists 400 wealthiest people in the U.S.
Jews make up 2.3%of the population in the U.S. Proportionately speakingthey should make up about 9 of the 400.
Actually make up between 60-100depending on that yr’s assessment.
Ps 115:14May the LORD give you increase, you and your children. NAS
You work for money but doesmoney work for you? God’s plan is to financially activate and empower God’s peopleto expand God’s kingdom in the earth!!!
- Exchanging hours for dollarsis working for money.
- Investing dollars for dollarsis money working for you.
- Leveraging dollars with a strategic planis where money begins to work without you!
To move from being a consumerto a producer you must thinklike an investor= diligently exchanges hours for dollarsand
view dollars as hours of their lives!
Consumer/Producer which are you?
$8,580 in C.card debt= Min pymnt = $150/mo = $20 principle 1stmo
- 18% interest will take 40 yrs= paying $72,000!!!
That same $150/mo paymentinvested for that same 40 yrsis $72k 6% =$300k 12% = 1.78m
Prov 22:7 The rich rule over the poor, and the borrower is servant to the lender. (NIV)
Fin Consultant spoke = worst 15 yrs of market just after 9/11.
co’smake products ppl use routinely– not high risk high fliers = 12%
Proctor & Gamble, OGE,HD, J&Jnsn
Ours = 13.8%over past year
Consumer/Producer which are you?
What would you do if you were given $1milion?
Don’t spend principle/ 10%= $100k/yr for rest of your lifeand beyond your life to your kids!
I want to address what you thinkabout moneybut more than that I want to address whyyou thinkwhat you thinkabout money.
Dn’t just believe everything you thnk!
THINK PENNY NOT DOLLAR
The more self-absorbed you are the more problematic your life will be: $, marriage, friendship, career…
Jesus came to get you free from you
Matt 16:24Take up cross deny self
4 pillars to what I’m bringing:
- Listen to God’s direction
- Work Hard
- Make sacrifices
- Learn a prudent lifestyle
- THE GOD COMPONENT:
Matt 25:15-18 “And to one he gave 5 talents, to another, 2, and to another, 1, each according to his own ability; and he went on his journey. “Immediately the one who received 5 talents went & traded w them, and gained5 more talents. 17 “In the same mannerthe one who {had received} the 2 {talents} gained 2 more. 18 “But he who received 1 {talent} went away and dug in the ground, and hid his master’s money. (NAS)
1411 dunamis(doo’-nam-is); force; miraculous power (usually by implication, a miracle itself):
Tithes & Offerings unlocka supernatural blessing in your legacyin the realm of favor & finances!
Luke 6:38Give, and it will be given to you. A good measure, pressed down, shaken together and running over, (men will give to you). For with the measure you use, it will be measured to you.
God’s plan is to financially activate and empower God’s pplto expand God’s kingdom in the earth!!!
Have you ever tried to help somebdydo something they were learningand you knew you could do it much better if you just did it yourself. God’s not like that. He doesn’t impatiently bypass us He includes bc He wants us to learn chrctrstcs of K!
Matt 25:25 3 people = 2 took calculated risks. One took no risk due to fear. MUST GIVE HIM SOMETHING TO WORK WITH.
Faith without works is dead!
- HARD WORK:
Thomas Jefferson, “I find that the harder I work the more luck I seem to have.” Work Hard & Smart!!!
Give God something to work with!!!
SHON, SYLVIA, TIM & ESTHER!
Prov 13:11“…money earned little by little will grow and grow.” CEV
Here is the plan:
- Save $500 to show you can
- Repeat = $1k
- List debts smallest first.
- Snowball debts knocking out payments – saving more.
- 3 mos living expense
- Short term savings every mo = furniture, hot water tank, etc
- Long term savings IRA
Tracy and I sought out mentors.
- Spiritual life= spiritual father
- Financial life= personal finance mentor & business mentors
- Marriage= who marriage looks like something I’d like to have?
- Parenting= Kids love parents, love Jx & love ch.
Daily podcast Greg Coveltold me sources of income wo quitting ur job.
https://businessradio.wharton.upenn.edu/shows/
Launchpad – Ins & outs of planning a new business, raising money u need, & making the connections that count.
Marketing Mttrs – Analysis & research into advertising, marketing, customer behavior, & new product launches.
Dollars & Change – Individuals and organizations that are using their business smarts to change lives.
In the Workplace – The art of hiring the right people, changing careers, resolving workplace conflicts, and effectively motivating employees.
- SACRIFICIAL DETRMNATION:
All about mindset. Homeless guy ill:Give him money yes or not? Unless fixes the mind increased blessingwill simply leak frm his life. Easy to see for him what abt u?
Big secret is no big secret. God rewards faithfulness. Sometimes you hav to do little thing for long time until something big happens.
The life you live tomorrowis connected to choices u make today.
Get acctble!SHN, SYLV, TIM ESTH
- PRUDENCE REPOSITIONS:
Once u have somthg to wk withyou can begin to apply strategic movesto reposition urself long term.
19 yrs old – $2K/yr for 7 yrs until 26
$14k principle / age 65 = $2¼m+
27 yrs old – $2K/yr for 38 yrs until 65
$76k principle / age 65 = $1.53m
$2 IRA at birth = $4,695,713 Roth
HOUSE ILL: You can buy a home in 10 years instead of 30 yrs: $100k house = $1k/mo = $360,000.00 for house!
$50k = $1k/mo = 5 yrs = $60k + Repeat = 10 yrs = $120k total (Saved $240k)
Not only saved $240k–
$1k/mo remaining 20 years @ 9% = $667,886.91 / 12% = over $1m
Gen 2:10 Now a river flowed out of Eden to water the garden; and from there it divided and became four rivers. (NAS)
These four rivers speak of 4 streams of provision:
Pishon = Increase
Gihon = Bursting forth
Tigris = Rapid =
Euphrates = Fruitfulness
You must change your attitude toward money and change your spending habits! Downsize!!!
BASICfood, clothes, shelter & transportation are your needs. Everything else is a want. If kids want $150.00 pair of shoes and you buy them for them, I think you’re making a mistake as a parent….
BUY WHAT YOU CAN AFFORD, SAVE FOR WHAT YOU WANT – Afford /pay for
GET STARTED!
Direction not intention determines our destination
Tulsa / singing Livin’on Tulsa time while driving South on I-35
You’re hoping for Tulsabut you’re going to Texas. Direction not intention = destination!
Get on a budgt& purpose to spend money on paper before spending$!
Here is the plan:
- Save $500 to show you can
- Repeat = $1k
- List debts smallest first.
- Snowball debts knocking out payments – saving more.
- 3 mos living expense
- Short term savings every mo = furniture, hot water tank, etc
- Long term savings IRA