The Money Map

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The Money Map

• A visual guide to true financial freedom

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Financial Peace Scale
Where Are You?
What needs to change?
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What is True Financial Freedom

• God has a special purpose for your life. He
  doesnt want anything to prevent you from
  fulfilling the purpose for which you were
  created.
• True financial freedom is
• knowing God owns it all
• finding contentment with what he provides
• being free to be all he made you to be

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Foundational Principles

• God owns everything
• We are to be faithful managers
• Invite God to take control
• Faithfulness with money requires self-control
  God will help us
• Celebrate each step

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My Life Purpose

• What do you want your life to count for?
• How do you want to be remembered
• What do you believe God created you to be

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Describe your purpose as it relates to -

• My relationship with God
• My relationship with family and friends
• My service to others
• Summary of life purpose__________________
• ______________________________________________
• ____________________________________________
• The bible verse that communicates my life purpose
  is _________________________________

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My Life Goals

• Action statements that help you achieve your life
  purpose
• Simple and measurable
• Short-term goals should be accomplished in one
  year

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Short-term Goals

• God
• Family and friends
• Service to others/ministry
• Financial (income, debt, savings, investments,
  giving, spending)
• Career/skills
• General

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Long-term Goals

• God
• Family and friends
• Service to others/ministry
• Financial (income, debt, savings, investments,
  giving, spending)
• Career/skills
• General

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Start Your Journey

• Begin with a budget (spending plan)
• Makes some cringe, but . . .
• The critical element throughout journey.
• Provides freedom and makes decisions simpler.
• Its not complicated.
• Presents the whole picture no more guessing.

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Steps to develop your budget

• Determine where you are now.
• Determine your income
• Accurately record all spending

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Destination 1Emergency Savings

• Start emergency savings
• Start spending plan
• Do you know where your money goes?
• Your finances will control you if you have no
  savings at all
• Save 1,000 for emergencies

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• The wise man saves for the future, but the
  foolish man spends whatever he gets.
• Proverbs 2120

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Destination 2Credit cards paid off

• Pay off credit card
• Increase savings to one month living expenses
• Plastic surgery may be necessary any scissors
  will do
• Increase savings to one months living expenses

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• Just as the rich rule the poor, so the borrower
  is servant to the lender
• Proverbs 227

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Destination 3Consumer debt paid off

• Pay off all consumer debt (motor vehicle loan,
  hire purchase, student loan, etc)
• Increase savings to three months living expenses

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• Keep out of debt and owe no man anything.
• Romans 138

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Destination 4Save for major purchases

• Begin saving for major purchases (home, car)
• Begin saving for childrens education
• Begin saving for older age (retirement)
• If you want to start your own business, begin
  saving for it

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• Steady plodding brings prosperity hasty
  speculation brings poverty
• Proverbs 21 5

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Destination 5Buy home? and begin investing

• Fully count the cost before buying a home
• Buy an affordable home
• Pay the mortgage off more quickly
• Begin investing wisely

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• Ive seen something very evil on earth.
• Its when wealth is stored up and then brings
  harm to its owner
• Its also when wealth is lost because of an
  unwise business deal. Then there wont be
  anything left for the owners son
• A man is born naked. He comes into the world with
  nothing. And he goes out of it with nothing. He
  doesnt get anything from his work that he can
  take with him
• Ecclesiastes 5 13 -15

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Destination 6Home mortgage is paid off

• Home mortgage is paid off
• Childrens education funded
• Estate plan is in order

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• You will know the truth, and the truth will set
  you free
• John 832

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Final Destination

• Retirement is funded
• I am free to be more generous with my time,
  talents and money

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• His master replied, You have done well, good and
  faithful servant! You have been faithful with a
  few things. I will put you in charge of many
  things. Come and share your masters happiness
• Matthew 25 21