History documents the fact that freedom is not free. Achieving independence requires conviction, personal sacrifice and action. Living by faith requires the same commitment. The faith of Biblical characters was evidenced by their action – obedience to God’s instructions against all odds. And scripture admonishes us to prove our faith by our action.
The Bible teaches that God’s people should leave a spiritual and financial legacy; lend and not borrow; and do good works, including financing the spread of the gospel of Jesus Christ. A wealth-building plan is necessary to achieve and maintain this type of financial lifestyle!
The plan should incorporate our earning and spending, saving and investing, and charitable giving goals. Time, sacrifice and discipline will be mandatory. First, take a picture of your financial situation (net worth). Review your income and expenses (cash flow). Write down your goals. Then prepare an action plan for success. Do not forget to monitor your progress as the ultimate goal is to build wealth for Kingdom purpose.
As a consumer, single or married (with or without kids) , a basic understanding of essential financial products and services and the financial systems in which you routinely operate will empower you to make informed decisions. More….
Planning for the expected and unexpected requires putting money away for short-term and long-term goals. The purpose of each of your goals will determine whether the money should be put into deposit accounts or investments. More….
Excluding a decision to work all your life or a premature death, retirement will come voluntarily or involuntarily. Social Security payments will not be sufficient to cover all income needs in retirement, especially with the ever-increasing costs of healthcare. More….
Employer-sponsored benefits are a life-saver for many workers, both in terms of the monetary savings and the wide-range of benefits (basic & fringe). Every employee should be knowledgeable about the benefit package offered by their employer. More….