How to put the Five Ways to Handle Money into action. Gives a picture of what a steward's financial life actually looks like. Plus, a strategy to get started on handling money faithfully.
2. Which one best describes you?
1. I’m experiencing some serious financial problems. I
need some help!
2. I’m barely making it between paychecks. I know I owe
too much, but I’m getting by for now.
3. I’m pretty good with money. Not in debt. Save regularly.
Might even try investing sometime.
4. I’ve taken a look at what the Bible says, and it has
made a big difference in the way I handle money.
Money Quiz
3. How do I put the Five Ways to Handle
Money into action?
What does a faithful steward’s financial life
actually look like?
Where do I start?
Build a Strong Financial House
Common Questions
4. Build a Strong
Financial House
Control Cash Flow
Implement a
Sequential
Investment
Strategy
Plan Your
Estate
Manage Risks
of Life
5. Control Cash
Flow
Build a Strong
Financial House
Implement a
Sequential
Investment
Strategy
Plan Your
Estate
Manage Risks
of Life
Charitable
Giving
Manage
TaxesUtilize Spending Plan:
Outflow Less Than Inflow
Channel the Excess Properly
Eliminate Short-Term
High-Interest Debt
Set Aside 3-6 Months Living
Expenses for Emergencies or
Unexpected Needs
Save for Planned
Purchases of Major Items
(House, Auto, Furniture)
Accumulate Funds for
Long-Term Goals
(Education, Retirement)
Select an Attorney
Draft Your Wills
Consider Need for
Trusts or Other Options
INCOME DISRUPTION
Disability Insurance
EARNING ABILITY
Life Insurance
PROPERTY LOSS
Homeowner’s or Renter’s
Insurance
6. • Effective stewards are made - not born!
• Focus on the NEXT ACTION STEP
• Be honest with yourself about money
• Take setbacks as opportunities
Bringing it all together…
INDEX CARDS…Write down which one of these statements best describes your situation.This talk is for you if you are . . .PERSON #1 - You are in crisis, and this will show you there is hope.PERSON #2 - You have a false sense of security that is only one mis-step away from disaster.PERSON #3 - You are in good “financial” shape but maybe you need to look at what it means to lead a financial lifestyle from God’s perspective.PERSON #4 - You are apparently honoring God with your lifestyle. Maybe you need to step up and help out other people in this area.Everybody falls into one of those categories. And, the topic of handling money is relevant for every person in the room. That’s probably why you are here!
I have asked these same questions AND put together a model to help you make practical application
Building a Strong Financial HouseWhat is this good for?Model is a snapshot of a well-rounded life according to sound financial principles.Also can be used as a step-by-step guide for “putting your financial house in order”READ SEGMENTSFOCUS ON FOUNDATIONKEEP UPPER LEVELS IN MIND AS YOU ARE READY FOR THEM
Caveats:Not everyone’s house will look the same! We all start to build our financial house at different places.Don’t try all of these at once! Start with the foundation and build from there.If your house is already messy, don’t give up! You can put it back together with some work and commitment.