with guest speaker Dave Ramsey
The Basics Of Biblical Finance
- Get out of debt
Debt = Risk
100% of foreclosures occur on homes that have a mortgage
It’s hard to serve two masters
“The rich rule over the poor, and the borrower is the slave of the lender.” Proverbs 22:7
- Act your wage
You need to learn to live on less than you make.
Godliness with contentment is great gain
“A foolish man devours all he has.” Proverbs 21:20
- Get on a budget
Parable of the talents
If you can’t handle a little bit of money, God will not bless you with more.
“For which of you, intending to build a tower, does not sit down first and count the cost, whether he has enough to finish it?” Luke 14:20
- Save and Invest
Save for an emergency fund.
Save up and pay cash for things.
McDonald’s did focus group studies, and they found that with credit cards, you spend 47% more at McDonalds than if you pay with cash.
“In the house of the wise are stores of choice food and oil.” Proverbs 21:20
“Bring all tithes into the storehouse, that there may be food in My house.”
Live like no one else, so that later you can live like no one else.