Notes for
Build Your Unshakable Finances-2
Two Values to Add to Your Life
Key #1: all money, everything we have and own, belongs to God.
Key #2: God doesn’t want everything we have, but wants to make sure that what we have doesn’t control our life.
Key #3: How I handle money shows God the condition of my heart.
Key #4: God uses money as a test to see if we qualify for more. The question God asks of us is “Can I trust you with more money?”
Proverbs 22:7 The rich rule over the poor, and the borrower is a slave to the lender.
Key #5: God hates debt and tells us to get out of debt.
Duet 28:15, 43-44 However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come upon you and overtake you:… The foreigners who reside among you will rise above you higher and higher, but you will sink lower and lower. They will lend to you, but you will not lend to them. They will be the head, but you will be the tail.
Hebrews 13:8 keep out of debt and owe no man anything, except to love one another
We must change our play now, pay later mentality to pay now and play later.
Proverbs 6: 6-11 Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.
-80% of the US is more worried about their debt than they are about national disasters and terrorism.
-25% of American families can’t pay all their bills.
-Only 51% of people pay off their credit cards at the end of the month.
Acts 13:36 “Now when David had served God’s purpose in his own generation, he fell asleep.”
We will never fulfill our purpose in life if we are enslaved to debt.
1. I don’t earn enough money.
2. I’m deeply in debt.
3. I can’t afford to buy a home.
4. My car is broken. How do I find the money to fix it?
5. I have $10,000. What should I invest in?
6. My child wants to go to college, but we don’t have the money.
7. I don’t have enough money for retirement.
8. I don’t like my job, but I can’t afford to quit.
9. I’m retired, and I’m running out of money.
10. I can’t afford the surgery or I can’t afford to go to the dentist.
Proverbs 3:13-18 Blessed is the man who finds wisdom, the man who gains understanding, for she is more profitable than silver and yields better returns than gold. She is more precious than rubies; nothing you desire can compare with her. Long life is in her right hand; in her left hand are riches and honor. Her ways are pleasant ways, and all her paths are peace. She is a tree of life to those who embrace her; those who lay hold of her will be blessed.
Proverbs 8:17-21 I love those who love me, and those who seek me find me. With me are riches and honor, enduring wealth and prosperity. My fruit is better than fine gold; what I yield surpasses choice silver. I walk in the way of righteousness, along the paths of justice, bestowing wealth on those who love me and making their treasuries full.
Proverbs 3:19 By wisdom the Lord laid the earth’s foundations, by understanding he set the heavens in place.
Step One: Know how much you make and how much and where you spend money every month.
Matthew 25:18 But the man who had received the one talent went off, dug a hole in the ground and hid his master's money.
*According to Dave Ramsey, here is the Recommended Percentage of Household Income:
Charitable Gifts 10-15% Savings 10-15% Housing 25-35%
Utilities 5-10% Food 5-15% Transportation 10-15%
Clothing 2-7% Medical/Health 5-10% Personal 5-10%
Recreation 5-10% Blow 2-5% Debts 5-10%
Step Two: Pay off your bad debt.
Proverbs 6:1-5 Dear friend, if you’ve gone into hock with your neighbor or locked yourself into a deal with a stranger, if you’ve impulsively promised the shirt off your back… Quick! Get out of it if you possibly can! Swallow your pride; don’t let embarrassment stand in the way… Don’t put it off. Do it now. Don’t rest until you do.
The old rule is: if you don’t have the money to buy something you want, you don’t buy it.
Proverbs 13:7 One man pretends to be rich, yet he actually has nothing.
Value #1: We have to embrace the value of sacrifice.
Hebrews 12:2 fixing our eyes on Jesus, the pioneer and perfecter of faith. For the joy set before him he endured the cross, scorning its shame
Sacrifice is giving up something you love for something you love even more.
Value #2: We’re going to embrace the value of self-control.
Proverbs 25:28 Like a city whose walls are broken through is a person who lacks self-control.
Proverbs 13:18 He who ignores discipline comes to poverty and shame, but whoever heeds correction is honored.
Titus 2:1-2 You must teach what is in accord with sound doctrine. Teach the older men to be temperate, worthy of respect, self-controlled
vv. 4-5 Then they can train the younger women to love their husbands and children, to be self-controlled
v. 6 Similarly, encourage the young men to be self-controlled.
I Peter 1:13 Therefore, prepare your minds for action; be self-controlled;
I Corinthians 9:24-25 Do you not know that in a race all the runners run, but only one gets the prize? Run in such a way as to get the prize. Everyone who competes in the games goes into strict training. They do it to get a crown that will not last; but we do it to get a crown that will last forever.
Titus 2:11-12 For the grace of God that brings salvation has appeared to all men. It teaches us to say "No" to ungodliness and worldly passions, and to live self-controlled.
1. Millionaires understand delayed gratification
2. Millionaires stay away from debt.
3. Millionaires budget.
-Millionaires in the $1–1.99 million range spend $417 per month on groceries.
-Millionaires in the $2–2.99 range spend $27 less, or $390 per month.
-Millionaires in the $3–3.99 range spend $361 per month.
The average non-millionaire spends $647 per month. 57% more.
The definition of a budget is placing a name on every dollar in your wallet or life.
