GoldenEagle Posted April 30, 2015 Group: Royal Member Followers: 4 Topic Count: 764 Topics Per Day: 0.18 Content Count: 7,626 Content Per Day: 1.81 Reputation: 1,559 Days Won: 44 Joined: 10/03/2012 Status: Offline Share Posted April 30, 2015 (edited) Though not a guarantee by any means I think these are good principles. What do you think? Do you agree? What else would you add to this list? 5 Keys to Financial Success & Stewardship 1. Remember God owns it all. Ex. 19:5, Ps. 24:1-2, Ps. 50:10, Haggai 2:8 2. Set long-term goals. Prov. 16:9 3. Establish an emergency or rainy day fund. Prov. 6:6-8 4. Avoid the use of debt. Prov. 22:7 5. Spend less than you make. Prov. 13:11 6. Give generously and cheerfully! 2 Corinthians 9:6-7 God bless, GE Edit: Added #6 Edited April 30, 2015 by GoldenEagle Link to comment Share on other sites More sharing options...
Guest shiloh357 Posted April 30, 2015 Share Posted April 30, 2015 I think #5 is key. Sometimes, we have to do without. We have to be content with the car we have or lesser computer or whatever. I do not have an iPhone or Smart Phone, etc. All l need is a cell phone that makes calls. I use a cell phone as a phone. I don't text or use a cell phone as a personal computer. My cell phone is from 2001 and it works. I am happy with it. I don't have the best computer. I have one that does what I need it to do and I refuse to be conned into buying something that only someone who works at NASA needs to have. I have what I need to be clean and functional in my residence, and don't waste money on home décor or the Smart TVs or whatever. My car is also a 2001. It runs perfectly and I keep the oil changed and the belts and hoses in good working order. Way cheaper than buying a car and then being strapped down with huge payments for something that will continue to depreciate.. I know people who have to have the best and latest and the greatest. That's is why they live outside their means and they are spending more than they make which is why in some cases, they go into debt with payday loans, signature loans , car title loans, which only puts a temporary stop gap on their problems. You've got to be responsible and have some discipline. You just can't eat steak on a bologna budget. Link to comment Share on other sites More sharing options...
wingnut- Posted April 30, 2015 Group: Royal Member Followers: 39 Topic Count: 101 Topics Per Day: 0.02 Content Count: 7,673 Content Per Day: 1.31 Reputation: 7,358 Days Won: 67 Joined: 04/22/2008 Status: Offline Share Posted April 30, 2015 I agree with your list, and also with what Shiloh had to say. People try to live beyond their means, and that gets a lot of folks into debt. Link to comment Share on other sites More sharing options...
Guest Posted April 30, 2015 Share Posted April 30, 2015 For some, consider starting a family later in life, establish some financial independence and stability, before taking on responsibilities that could strain relationships., and I agree with previous posts also. Take the time to learn about economics, how economies work, the time value of money, both in interest you pay out, and in interest you might earn. Have priorities, in where your money goes, consider paying yourself (as in savings and investments) before you pay for things on your wishlist (like that new iPhone that you do not need). Make a formal budget, figure out what you make in income (after taxes) and live on that consistently. Lower your expectations to within your means. Never buy something expensive that is a long term commitment (like a house) on an emotional basis, do so if and when, it makes actual economic sense. Take time to realize the true cost of things, for example, a car is not only it's purchase price, it is the price, but taxes and fees, the cost of routine maintenance (oil changes and tires etc) the cost of thos emergency repairs which WILL come up (need a new transmission), the cost of recurring license and registration and insurance etc, When you add all ot that up, see if that is really affordable. Some times a car that is a few years older, might cost you 30% less, and give you 90% of the same service life. The biggest advice I can offer, is think, think, think, not feel, fee,l feel, and get others to think things out with you, help you see what you might be failing to consider. Link to comment Share on other sites More sharing options...
GoldenEagle Posted April 30, 2015 Group: Royal Member Followers: 4 Topic Count: 764 Topics Per Day: 0.18 Content Count: 7,626 Content Per Day: 1.81 Reputation: 1,559 Days Won: 44 Joined: 10/03/2012 Status: Offline Author Share Posted April 30, 2015 Perhaps also... 6. Give generously and cheerfully! 2 Corinthians 9:6-7 Link to comment Share on other sites More sharing options...
Guest shiloh357 Posted April 30, 2015 Share Posted April 30, 2015 Giving cheerfully is made much, much easier when you are living well within your means. Link to comment Share on other sites More sharing options...
other one Posted April 30, 2015 Group: Worthy Ministers Followers: 29 Topic Count: 597 Topics Per Day: 0.08 Content Count: 56,117 Content Per Day: 7.56 Reputation: 27,851 Days Won: 271 Joined: 12/29/2003 Status: Offline Share Posted April 30, 2015 Giving cheerfully is made much, much easier when you are living well within your means. Amen to that. Link to comment Share on other sites More sharing options...
missmuffet Posted April 30, 2015 Group: Royal Member Followers: 34 Topic Count: 1,991 Topics Per Day: 0.48 Content Count: 48,689 Content Per Day: 11.81 Reputation: 30,343 Days Won: 226 Joined: 01/11/2013 Status: Offline Share Posted April 30, 2015 I agree with shiloh on this. Link to comment Share on other sites More sharing options...
TJW Posted May 1, 2015 Group: Members Followers: 0 Topic Count: 1 Topics Per Day: 0.00 Content Count: 3 Content Per Day: 0.00 Reputation: 2 Days Won: 0 Joined: 05/01/2015 Status: Offline Share Posted May 1, 2015 Especially #4. I'm so fortunate to have been reared in a Christian home where this was practiced. I was taught early that I had to be satisfied not only with God's amount of provision, but His RATE of provision. I rejected these ideas in my 20s but learned very quickly not to buy things if I didn't have the money, and that having to borrow was the basic indication that I was "ahead of God". Link to comment Share on other sites More sharing options...
udx Posted May 1, 2015 Group: Senior Member Followers: 2 Topic Count: 18 Topics Per Day: 0.00 Content Count: 684 Content Per Day: 0.12 Reputation: 230 Days Won: 2 Joined: 04/15/2009 Status: Offline Share Posted May 1, 2015 If you guys won't borrow, how did you guys buy a house? Did anyone of you buy your houses in cash? Link to comment Share on other sites More sharing options...
Recommended Posts