“...Well done, my good and faithful servant. You have been faithful with few things; I will put you in charge of many things...” Mat. 25:23
“Thou oughtest therefore to have put my money to the exchangers, and then at my coming I should have received mine own with usury” Mat. 25:27 KGV
God is not going to give more than what you’re capable of handling: Money, work, responsibilities, family, etc.
Stewardship - Commitment Finances Goals Health
Personal Finances Do you know how much you spend & how much you invest? Do you know how much you save?
Investment or Expense? Investment Expense
Do I need it or want it?
Cars Need Want
TV’s Enough Want
The Consumer System WantNeed
Enemy No. 1 Debts and Use of Credit Cards Make you a Slave “The rich ruleth over the poor, and the borrower is servant to the lender” Prov. 22:7
Debts destroy Families Divorce Separation FightsStress Children suffer
Debts Make You Slave “The rich rules over the poor, and the borrower is servant to the lender” Prov. 22:7
Do you want to be DEBT FREE? Is it Possible?
Resources to Pay off Debts Debt #1: $600 with $100 Monthly Payment Monthly Payment Additional Payment Total Payment Debt #1 Total Debt $100 $200 $600 Debt paid in 3 months instead of 6 months
Resources to Pay off Debts Debt #2: $1,600 with $200 Monthly Payment Monthly Payment Additional Payment (#1) Total Payment Debt #2 Total Debt $200 $400 $1,600 Debt paid in 4 months instead of 8 months
Resources to Pay off Debts Debt #3: $3,000 with $300 Monthly Payment Monthly Payment Add’l from #1 & #2 Increment Payment 20% Total Payment Debt #3 Total Debt $300 $400 $100 $800 $3,000 Debt paid in 3.3 months instead of 10 months
Resources to Pay off Debts Debt #6 (car): $13,000 with $400 Monthly Payment Monthly Payment From Debt #5 Total Payment Debt #6 Total Debt $400 $1,200 $1,600 $13,000 Debt paid in 8 months instead of 32.5 months
Summary of Debts Number of Debts Original Months to pay Actual Months paid You can be Totally DEBT FREE
Do you have a written Budget? If you spend what you have every month and don’t have for emergencies and vacations then you don’t have a budget
What is a Budget? Budget doesn’t give you more money Budget organizes you and helps you fund for all of your needs Budget controls your expending Budget helps you with your savings Budget helps you plan in the right direction
How do you make a realistic budget?
Budget Step #1 Take your bank statement or check register and list all your expenses: Church, utilities, mortgage, food, car, eating out, cloths, school, medicines, etc. Make sub-groups like: car, utilities, etc Identify what is a monthly expense Use a Miscellaneous line for expenses that are not frequent, but list them here.
EXPENSES Church (Tithes & Offerings) $550 Rent - Mortgage (Monthly Payment) $2,000 Food (Monthly Average) $450 Insurance (Monthly Average) $150 Gasoline (Keep your Receipts) $200 Eating Out (Keep it to the Minimum) $550 School (You or Someone at home) $150 Electricity/Gas (Ask for Budget Plans) $210 Trash/Water$100 Telephone (Not land line necessary) $60 Cellular (Family plan/Pre-paid plan) $120 Internet (Plans) $80 Cable TV (Not Needed) $80 Miscelaneous (Repairs/Others) $300 TOTAL$5,000
Budget Step #2 Income Husband & Wife $$ Minus Expenses: Church Food Utilities Mortgage/Rent Car Clothing Medicines School, etc. Left Over The goal is to spend less than what you earn to be able to save!
Budget Step #3 Savings Savings for Education Savings for Emergencies Savings for Medical expenses Savings for Vacations Savings for big purchases: Car, house, etc Savings for Retirement (Investments, IRA)
HOW TO INVEST FOR THE FUTURE Years$100/m $200/m $300/m $400/m $500/m 10 19,125 38,250 57,375 76,500 95, , , , , , , , , , , ,111 1,062,222 1,593,333 2,124,444 2,655, ,396,690 2,793,380 4,190,070 5,586,760 6,983,450 (Based on 10% average compound return) 401k 403b Roth IRA
“The desire to accumulate wealth is an original affection of our nature, implanted there by our heavenly father for noble ends.” COS p. 148
Wealth is not a matter of chance, Wealth is an issue of choice!
3 Steps to achieve 10-15% Average Annual Yield on all your Investments for life!
Step 1 Take Advantage of Trends
Step II Purchase High-yield dividend Paying Securities with History of Appreciation
Step III Purchase Long Term QUALITY High-Yield Investment
You Need a Financial Advisor
What Is An Estate? $$Money$ $ $$Money$ $
What Is An Estate Plan? Choosing When and How You Plan to Give Your Money Away
Everyone Has a Will You Choose Now YoursORGovernment
Estate Distribution Only Three Places FamilyChurchGovernment
“The Lord will make you the head, not the tail. If you pay attention to the commands of the Lord your God that I give you this day and carefully follow them, you will always be at the top, never at the bottom” Deuteronomy 28:13
606 Greenville Ave., Staunton, VA (540) (909) Cell Call today to obtain your FREE Estate Planning documents, courtesy of Potomac Conference. Trust Services Potomac Conference