1. How much money should we earn?
1.1. We should earn as much as possible in the reasonable amount of time dedicated to economics.
1.2. Colossians 3:23
1.2.1. Whatever you do, work at it with all your heart, as working for the Lord, not for human masters,
1.3. Matthew 6:33
1.3.1. But seek first his kingdom and his righteousness, and all these things will be given to you as well.
2. Don't invest your time to get money; invest your money to get time
2.1. This will be a positive focused study of finances and their use
3. Take away
3.1. We have a biblical responsibility to earn as much as possible in integrity; so that we can utilize our resources towards achieving our purpose
4. Pay for your most important priorities first
4.1. If your purpose is to glorify God
4.1.1. Proverbs 3:9-10
4.1.1.1. Honor the Lord with your wealth, with the firstfruits of all your crops; 10 then your barns will be filled to overflowing, and your vats will brim over with new wine.
4.1.2. 2 Corinthians 9:7
4.1.2.1. Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.
4.2. Tithe
4.2.1. Save
4.2.1.1. Invest towards your purpose
5. Money insights:
5.1. It is more difficult for a rich man to enter the kingdom of heaven; than a camel pass through the eye of the needle
5.1.1. It's just hard; not impossible
5.2. What is money?
5.2.1. Rarity
5.2.2. Divisibility
5.2.3. Acceptability
5.3. Loan family money with the expectation of never getting it back
5.3.1. This will protect the relationship which is more important than the money
6. Ten Financial Principles
6.1. 1. Identify net monthly income
6.1.1. Proverbs 27:23
6.1.1.1. Confront Brutal Reality
6.1.1.2. Be sure you know the condition of your flocks, give careful attention to your herds;
6.2. 2. Document all expenses
6.2.1. Luke 14:28–30
6.2.1.1. Unless you know what you have to work with; you can't set a reasonable goal
6.2.1.2. “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? 29 For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, 30 saying, ‘This person began to build and wasn’t able to finish.’
6.3. 3. Set a financial goal to save 25%
6.3.1. 1 Timothy 5:8
6.3.1.1. Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.
6.3.2. Proverbs 21:20
6.3.2.1. The wise store up choice food and olive oil, but fools gulp theirs down.
6.3.3. Proverbs 21:5
6.3.3.1. The plans of the diligent lead to profit as surely as haste leads to poverty.
6.4. 4. Never finance a liability
6.4.1. Assets increase in value; liabilities decrease in value
6.5. 5. Set a price limit on spontaneous purchases
6.5.1. James 5:7
6.5.1.1. Waiting makes the reward sweeter
6.5.1.2. Be patient, then, brothers and sisters, until the Lord’s coming. See how the farmer waits for the land to yield its valuable crop, patiently waiting for the autumn and spring rains.
6.5.2. Galatians 6:9
6.5.2.1. Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.
6.6. 6. Pay off credit card debt and only use cash
6.6.1. Proverbs 22:26–27 ??????
6.6.1.1. this has to do with cosigning
6.6.1.2. Do not be one who shakes hands in pledge or puts up security for debts; 27 if you lack the means to pay, your very bed will be snatched from under you.
6.7. 7. Wipe out all consumer debt before starting to save
6.7.1. Matthew 6:24
6.7.1.1. This ties back into purpose; which is another reason purpose is the foundation of our study
6.7.1.2. “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.
6.8. 8. Know the difference between an investment and an expense
6.8.1. Matthew 6:19-21
6.8.1.1. Invest in things which cannot be taken from you
6.8.1.2. “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.
6.9. 9. Focus on quality of life and peace of mind
6.9.1. Matthew 6:30
6.9.1.1. Take this principle to the extreme
6.9.1.2. Finding ways to get in the present is what brings you alive
6.9.1.2.1. positive and negative things can bring you to the present
6.9.1.3. If that is how God clothes the grass of the field, which is here today and tomorrow is thrown into the fire, will he not much more clothe you—you of little faith?
6.10. 10. Be a blessing to others
6.10.1. Refer to Purpose
6.10.2. 1 John 3:17
6.10.2.1. If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person?
6.10.3. 1 Timothy 6:17-19
6.10.3.1. 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. 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.