6. This series:
• How to make better decisions
• How to get out of debts – 19/20 Oct
7. This series:
• How to make better decisions
• How to get out of debts – 19/20 Oct
• How to gain financial margin – 26/27 Oct
8. This series:
•
•
•
•
How to make better decisions
How to get out of debts – 19/20 Oct
How to gain financial margin – 26/27 Oct
How to have a strong marriage 9/10 Nov
9. This series:
•
•
•
•
•
How to make better decisions
How to get out of debts – 19/20 Oct
How to gain financial margin – 26/27 Oct
How to have a strong marriage 9/10 Nov
How to build a healthy dating life /
parenting life 16/17 Nov
14. What the Bible says about FINANCE
• It can LORD over us
Matthew 6:24 “No one can serve two
masters. Either you will hate the one and love
the other, or you will be devoted to the one
and despise the other. You cannot serve both
God and money.
15. What the Bible says about FINANCE
• It can ensnare and ruin us
16. What the Bible says about FINANCE
• It can ensnare and ruin us
1 Tim 6:9-10 9 Those who want to get rich fall
into temptation and a trap and into many
foolish and harmful desires that plunge people
into ruin and destruction. 10 For the love of
money is a root of all kinds of evil. Some
people, eager for money, have wandered
from the faith and pierced themselves with
many griefs.
17. What the Bible says about FINANCE
• It is a mean to serve God, family and others
18. What the Bible says about FINANCE
• It is a mean to serve God, family and others
1 Tim 6:17-19 17 Command those who are rich
in this present world not to be arrogant nor to
put their hope in wealth, which is so
uncertain, but to put their hope in God, who
richly provides us with everything for our
enjoyment.
19. What the Bible says about FINANCE
• It is a mean to serve God, family and others
1 Tim 6:17-19 18 Command them to do good,
to be rich in good deeds, and to be generous
and willing to share. 19 In this way they will lay
up treasure for themselves as a firm
foundation for the coming age, so that they
may take hold of the life that is truly life.
20. What the Bible says about FINANCE
• It is a mean to serve God, family and others
Lk 16 And he told them this parable: “The
ground of a certain rich man yielded an
abundant harvest. 17 He thought to himself,
‘What shall I do? I have no place to store my
crops.’
21. What the Bible says about FINANCE
• It is a mean to serve God, family and others
Lk 18 “Then he said, ‘This is what I’ll do. I will
tear down my barns and build bigger ones,
and there I will store my surplus grain. 19 And
I’ll say to myself, “You have plenty of grain laid
up for many years. Take life easy; eat, drink
and be merry.”’
22. What the Bible says about FINANCE
• It is a mean to serve God, family and others
Lk 20 “But God said to him, ‘You fool! This very
night your life will be demanded from you.
Then who will get what you have prepared for
yourself?’ 21 “This is how it will be with
whoever stores up things for themselves but
is not rich toward God.”
23. The bible exhorts beyond financial
freedom, but to be rich towards God
42. Malaysian local scene
• Malaysia’s household debt is ballooning
– as high as 80% to GDP
• Bankruptcy is on the rise:
The star 22 Sep 2011
“On average, 41 are declared bankrupt every
day, mostly due to credit card debts”
43.
44. Malaysian local scene
• Young adults are getting into serious
debts:
– The Consumer Research and Resource
Centre (CRRC) conducted a survey on
1,000 Malaysians aged 18 to 35 living in
urban areas:
45. Malaysian local scene
•
Close to 50% of young Malaysians are in
“serious debt” (debt payments amount to
30% or more of their gross income)
46. Malaysian local scene
•
•
Close to 50% of young Malaysians are in
“serious debt” (debt payments amount to
30% or more of their gross income)
65% earn less than RM3,000 a month, but
monthly debt (including car, credit card etc
… amount to RM 2k)
47. Malaysian local scene
•
•
•
Close to 50% of young Malaysians are in
“serious debt” (debt payments amount to
30% or more of their gross income)
65% earn less than RM3,000 a month, but
monthly debt (including car, credit card etc
… amount to RM 2k)
Less than 50% of Malaysians settle their
credit card bills in full every month
48. Malaysian local scene
•
Main reason for suicide in Malaysia is
financial stress related:
– 23 Sep 2013, Free Malaysia Today
reported – main reason for suicide in
Malaysia is financial stress related.
51. God DOES NOT want us
to be in DEBTS.
Deuteronomy 28:12
The LORD will open the heavens, the storehouse
of his bounty, to send rain on your land in season
and to bless all the work of your hands. You will
lend to many nations but will borrow from none.
55. What the bible says about DEBT:
•
DEBT enslaves us
Proverbs 22:7 - The rich rules over the poor,
and the borrower becomes the lender’s
slave.
56. What the bible says about DEBT:
•
DEBT erodes your peace and security
57. What the bible says about DEBT:
•
DEBT erodes your peace and security
Proverbs 22:26-27 - Do not be a man who
strikes hands in pledge or puts up security
for debts; if you lack the means to pay, your
very bed will be snatched from under you.
58. What the bible says about DEBT:
•
DEBT ensnares us from achieving our fullest
potential.
62. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
63. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
64. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
• Know your total debts
65. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
• Know your total debts
• Know your income / expenditure
66. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
• Stop increasing debts
67. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
• Stop increasing debts
• Stop unnecessary spending
68. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
• Start increasing income
69. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
• Start increasing income
• Start debt repayment
70. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
– Consistent tracking
71. Handles of getting out of DEBTS:
1. Presence of God
2. Principles (ABC)
– Admit the problem
– Build a plan
– Consistent tracking
1. People
72. Decide today – Decision, not desires,
determines your financial
destination.