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Title: Biblical Financial Principles Author: Jim Sutherland Last modified by: Jim Sutherland Created Date: 4/29/1997 3:33:26 PM Document presentation format – PowerPoint PPT presentation

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Title: CONTENTMENT


1
CONTENTMENT
  • Are you content right now ? 1 Tim. 66
  • Debt often indicates lack of contentment.
  • What are the minimums? 1 Tim. 68
  • Will Christians always have them? (2 Cor. 1127
    Matt. 820 2 Pet. 13). How was Paul content?
    Phil. 413
  • What would it take to make you
  • content, if youre not ?
  • What is abundant life? (John 1010)

2
CONTENTMENT
  • Life possessions? Luke 1215
  • Life Christ? Colossians 34
  • Loss despair? Job 120-21 Hab. 316-19

3
DIS-CONTENTMENT
  • Advertisements-- 850 _at_ American in 2000
  • Materialism the shopping mall temple
  • Giving fights materialism
  • The prosperity of the wickedPsalm 733- 5,12
  • The prosperity of other believersActs 2033
  • Is God enough right now? Psalm 7325

4
WHO IS THE OWNER ?
  • YOU ? THE BANK ? GOD ?
  • What does God claim? Ps. 241 5010-12 Haggai
    28
  • Where do you actually go when you need money ?
  • Ask, Seek, KnockMatt. 77-11 Ps. 5014-15
  • How does God meet needs?
  • God burdens folks to desire to give2 Cor.
  • 85,16 Jews, 1 Chron. 298-14
  • How can I admit Gods ownership?

5
FAMILY FINANCES
  • Should a wife or mother work outside the home?
  • Adam providedGen. 317-19
  • Male provision for the wife is illustrated in
  • 1 Tim. 58, Hos. 22-9 Ezek. 168-13.
  • The wife assists her husbandGen. 218, doing
    him goodProv. 1822.
  • She raises the children and manages the home1
    Tim. 514 Titus 23-5.
  • God wants godly offspringMalachi 215.
  • The Prov. 31 lady successfully met family needs
    and was a businesswoman (vs. 16, 24).
  • An empty nest presents new opportunities for
    a mother.

6
FAMILY FINANCES
  • If a mother of young children works to increase
    the standard of living, she may gain little net
    increase due to her expenses.
  • She may end up with work both at home and the
    office.
  • Daycare means someone else raises the child and
    usually extra sickness (1-2 year-olds,
    especially).

7
FAMILY FINANCES
  • An average of 55 of US mothers with children
    under 1 worked in 2003-2004. Bureau of Labor
    Statistics www.bls.gov/news.release/famee.t06.htm,
    accessed 7/30/05
  • A separate income may promote an independent
    spirit in the wife and divorce. 33 of married
    Christians (and 34 of non-Christians) divorce
    (Barna 4/8/2005). A job may be seen as an
    insurance policy against it.
  • Sometimes wives and singles must work outside the
    home.
  • Divorce, death, out-of-wedlock pregnancy and
    desertion may force a mother to work.

8
FAMILY FINANCES
  • The Institute for Social and Economic Research
    (British) found that Married men earn more than
    single men, but only if their wife stays homeand
    does all the chores.
  • Sociologists Vincent Duindam and Ed Spruijt of
    Utrecht Univ. found that the more hours the
    mother works, the worse the fathers physical and
    mental health.
  • Housewives make their men healthy and wealthy
    6/30/05 www.telegraph.co.uk/health/main.jhtml?xml
    health/2005/06/30/hworking30.xml

9
GIVING How much?
  • Christians are to give an unspecified percentage
    of our increase to God, but we give
    proportionately to our receiving.
  • 1 Cor. 162 2 On the first day of every week,
    each one of you should set aside a sum of money
    in keeping with his income, saving it up, so that
    when I come no collections will have to be made).
  • We receive proportionately to our giving. Giving
    7, for example, is not a sin. The Spirit will
    lead you.
  • However, a tithe is the least that God has asked
    His people to give (Larry Burkett). A tithe was
    given before the Law (Gen. 1418-20) and was
    commanded in the Mosaic law (Lev. 2730).

10
GIVING How much?
  • Generosity is commanded of the rich in the NT (1
    Tim. 618)
  • The Law of receiving and giving governs our
    giving (1 Cor. 162 2 Cor. 96 Eccles. 111
    Prov. 1124-25).
  • Attitude is crucialwhy do I give?
  • For love (I Cor. 133), cheerfully (2 Cor. 97
    81) and secretly (Matt. 61-4) ?
  • Do I give to receive ? To buy God off (Amos
    26-8 41-5, 12) ?

11
GIVING
  • Can we first give to God ? (Rom. 1135-36)
  • What part does God request ? (Prov. 39)
  • How much do Christians actually give ?
  • 9 of born-again Christians tithed to churches
    alone, and 27 of evangelicals tithed to churches
    and other non-profits together in 2004. Only 2
    of adults under 20 tithe (Americans Donate
    Billions to Charity, But Giving to Churches has
    Declined, 4/25/05, barna.org accessed 8/13/05).
  • . Globally Christians give 2 of personal income
    to Christian causes (Barrett Johnson, Intl
    Bulletin of Missionary Research, 1/05, p. 29)
  • Overall giving in the US is about 3 (Americans
    Donate Billions to Charity, But Giving to
    Churches has Declined, 4/25/05, barna.org
    accessed 8/13/05).

12
GIVING
  • Dont give due to being pressured (2 Cor. 97)
    via phone, mail, or solicitations from friends.
    Ask for time to pray for guidance. Many
    ministries use the most effective marketing
    techniques to generate income. Because someone
    found you does not mean that you are to give.
    Some have very high overhead (firemans charity
    concert).
  • A need does not necessarily mean that you should
    meet it, just as a ministry opportunity does not
    necessarily mean that you should engage it. We
    are to walk by the Spirit, and keep seeking Gods
    wisdom (Gal. 525 Prov. 35-6).

13
GIVING
  • Should all giving go to the church?
  • Is the staff adequately paid? (1 Cor. 97-14, 1
    Tim. 517-18, Gal. 66)
  • Are the truly needy supportedbelievers and
    unbelievers? (Jas. 215-17 Gal. 610)
  • Are missions advanced? (Matt. 28-19-20 3 John
    15-8)
  • Is the property maintained? (Haggai 17-9)

14
BIBLICAL FINANCIAL PRINCIPLES
  • ..\Documents and Settings\Jim\My
    Documents\_RMNiLogotype.jpg
  • Jim Sutherland, Ph.D., Director
    www.RMNI.org/financial

15
GIVING
  • Guidelines for giving outside the church
  • Whose kingdom is glorified? (1 Cor. 1031)
  • What percentage is spent on administration?
  • Check www.give.org for organizations giving 60
    to programs and www.charitynavigator.org for
    evaluations of charities.
  • Form 990 can be obtained from Guidestar for many
    not-for-profits at www.guidestar.org
  • Follow the burdens (work) God gives specifically
    to you (Eph. 210). Only God can meet all needs.

16
DEBT
  • The Problem
  • 33 of born again adults say it is impossible
    for them to get ahead in life because of the
    financial debt they have incurred. Barna.com
    BarnaPageStats.htm accessed 8/20/98
  • For at least a half century, household debt has
    been rising faster than income, as ever-higher
    levels of discretionary income have increased the
    proportion of income spent on assets partially
    financed with debt. Alan Greenspan (Oct. 2004)
    www.federalreserve.gov/boarddocs/speeches/2004/200
    41019/default.htm

17
DEBT
  • The Problem
  • Throughout the 1960s, '70s, '80s, and '90s,
    households showed a surplus of varying degrees.
    It wasn't until 1999 for the first time in
    about 50 years that U.S. households started
    spending more than they took in. What started as
    a small deficit of about 50 billion among
    households quickly spiked to a deficit of more
    than 350 billion in the second quarter of
    2004. U.S. Consumer Credit Card Debt May Crash
    Economy, 12/31/04 By Susan C. Walker
    ww.foxnews.com/story/0,2933,143037,00.html

18
DEBT
  • The Problem
  • On average, we carry eight cards per person and
    have a balance of 8,400 in credit card debt.
    Twenty percent of our cards are maxed out,
    reports CardWeb.com, which tracks the lending
    industry's machinations. And just 40 of
    Americans pay off their accounts in full at the
    end of the month. The average line of credit is
    around 3,500. (A decade ago it was just 1,800.)
    The average household pays their lender 1,000 a
    year in finance charges. Our Credit Crunch
    Dayana Yochim www.fool.com/ccc/secrets/secrets01.h
    tm accessed 8/20/05

19
DEBT
  • The Problem
  • Home equity loans are more popular than ever as
    people borrow against their home to feed their
    spending binge. Today, average homeowners owe
    nearly 50 of their home's value. Twenty years
    ago that figure stood at 30. Can't you just
    picture the modern-day needlepoint plaque? "Home,
    Sweet Credit Line." Our Credit Crunch Dayana
    Yochim http//www.fool.com/ccc/secrets/secrets01.h
    tm accessed 8/20/05
  • The US government owes over 7.9 trillion dollars
    in 8/05. (www.brillig.com/debt_clock accessed
    8/20/05)
  • What is your debt/income ratiomore than 10
    (non-household debt to monthly income)?

20
DEBT IS DISCOURAGED
  • The Bible discourages debt (Rom. 138 Prov.
    227 Dt. 2844), but it isnt sin (Matt. 542
    Dt. 2320).
  • Bankruptcy should be avoided and all debts
    satisfied (Ps. 3721).
  • Debt is usually poor stewardship.
  • Paying only the balance due (2) on 2,000 at 18
    would take 30 years and cost 8,000 in interest
    (Cardweb). A mortgage may triple the face amount
    borrowed.
  • Debt may reveal a lack of self-control--Gal. 523.

21
Jims Badboy 13 Omens
  • If you missed a paycheck, youd apply for federal
    disaster aid.
  • You hit-up your friends for a loan until payday,
    or youve gotten a check-advance loan.
  • Your first strategy to meet an unexpected bill
    for 1000 is the Lotto 5.
  • You owe more than you own. If you died, your
    family would need help.

22
Jims Badboy 13
  1. You skimp on groceries and work clothes.
  2. You have no plan to (1 save for your childrens
    education (2 pay off your home (3 have enough
    for retirement.
  3. Because of debt, your paycheck is already spent.
    But you might be able to rent a movie.
  4. You try to stay one-jump ahead of disaster by
    rolling over credit card balances, and carefully
    picking who to pay this month.

23
Jims Badboy 13
  1. Dollars stick to you like Superglue when you
    have the chance to give.
  2. You argue almost every week about money.
  3. Youll really be content when you get the new
    .
  4. Bankruptcy is looking good.
  5. Youre trying to get rich quick.

24
What Are Your Savings Goals?
  • Save money/pursue investments
  • 8 of those having non-retirement income make
    this their main goal (not all goal responses are
    noted)
  • Home purchase or renovation 8
  • Be debt-free 4
  • Emergency fund 2
  • But 100 have emergencies.
  • No goals 6 Is this you?
  • 67 of workers aged 35-44 and 74 of workers aged
    45-54 saved something for retirement in 2004. Of
    those 55, only 69 saved something.
  • But 100 of old folks will need something.
  • Source Retirement Confidence Survey 2004

25
Social Security Is Not Enough
  • Currently, if you were born in 1960 or later, you
    will not be eligible for full Social Security
    benefits until youre 67.
  • As of 2000, if you are a man and live to 65, you
    will live another 16.3 yearsto 81.3. Thats a
    lot of Christmases.
  • Women at 65 live an average of 19.2 more
    yearsuntil they are 84.2almost 3 years longer
    than men. Will you be able to take care of both
    of you, and will your wife be provided for when
    youre gone?
  • The average Social Security payment is
    10,500/year

(http//moneycentral.msn.com/content/Retirementand
wills/Playingcatchup/P34625.asp 7/24/04)
26
One dollar can be spent today or sometime in the
future
  • 23 of all workers are very willing to cut back
    on current spending to save for retirement
  • 38 are somewhat willing
  • 19 are not too willing
  • 15 are not at all willing
  • Are you among the 34 unwilling to curtail
    spending for retirement?
  • Source Retirement Confidence Survey 2004 (not
    all responses were given)
  • Earlier this year 2005, Fidelity Investments
    said that, based on the current rate of savings,
    the average American household will live on 59
    percent of pre-retirement income once they stop
    working. A third of U.S. workers retire late,
    lack savings, Wed Aug 24, 2005, Reuters

27
Reasons not to save
  • Present pleasure
  • He who loves pleasure will become poor, whoever
    loves wine and oil will never be rich. Prov.
    2117
  • Misunderstanding
  • Im not supposed to worry about tomorrow.
    However, The prudent see danger and take refuge,
    but the simple keep going and suffer for it.
    (Prov. 2712).

28
Reasons not to save
  • I have too much debt to be able to save.
  • Go on a survival budget. Spend only what you must
    to survive and pay down debt.
  • Pay off your smallest debt first and work up.
  • Laziness
  • Ill start when things arent as tight.

29
Reasons to do nothing
  • I cant budget.
  • You can budget. Only my wife likes to budget. The
    alternative is to spend without a plan. Only the
    very wealthy can afford that.
  • I cant save.
  • Unless you are devoured by debt, you can save, if
    you want something in the future badly enough.
  • Im beyond hope.
  • Ive never seen anyone in about 20 years of
    financial counseling who was beyond hope, or who
    had to file bankruptcy.

30
Saving
  • We are far more concerned about having good
    creditthe privilege to accumulate more
    debt--than about saving.
  • In June 2005, the US consumer savings rate was
    0. http//money.cnn.com/2005/08/02/news/economy/s
    avings/ Accessed 8/27/05
  • Even breaking even is foolish (Prov. 2120).
    Why?

1 http//www.bea.doc.gov/bea/newsrel/pi1201.htm,
Department of Commerce, accessed 2/5/02
31
Saving
  • The Spirit can put to death the desires of the
    flesh (Rom. 813).
  • Irresponsible spending is a spiritual
    problem.
  • We save against future evils (Prov. 223,
    2712) such as breakdowns and disability.
  • An emergency fund of at least 3-6 months income
    is prudent.

32
Saving
  • Know why you are saving.
  • You need an emergency fund to cover potential
    major expenses. They should be expected.
  • Appliance or major system failure in the home.
  • Medical, dental and other un-reimbursed expenses.
  • Cash for national emergencies
  • Large auto costs/replacement costs
  • Track how much in savings is for a particular
    purpose
  • Other savings goals
  • Inheritance for children/grandchildren (Prov.
    1322)
  • Retirement and old age careThe average SS
    payment is about 10,500/year http//moneycentral.
    msn.com/content/Retirementandwills/Playingcatchup/
    P34625.asp 7/24/04
  • Kingdom funding

33
Saving
  • To make it harder to raid your savings, make it
    harder to access.
  • Automatically debit your checking account to
    savings at a bank account hard to access.
  • Automatically debit your checking account to
    invest in the stock of a solid company through a
    dividend reinvestment plan (DRIP). Such stock
    purchases may cost little or nothing. Visit
    www.DirectInvesting.com for details on how to
    establish this account.

34
Saving
  • Establish a ladder of savings.
  • Begin with a passbook savings account.
  • When you have sufficient funds, transfer it to an
    out-of-town money market account with low fees
    (such as Vanguard Prime Money Market Fund).
  • From there move into higher-paying
    investmentsbonds, CDs if interest rates are
    high, mutual funds and stocks, or into tangible
    investments such as land.
  • Try to save at least 10 of your gross income.
    You only think you are saving if it is not there
    at the end of the month.

35
Saving
  • Social Security is solvent only until 20411.
    Expenses will exceed income by 2017. Today 3.3
    workers contribute per 1 retireeit will be 2.2
    by 2030.
  1. http//www.ssa.gov/pressoffice/pr/trustee05-pr.htm
    , accessed 4/15/05

36
Saving
  • The earlier you save and invest the better. If
    you start investing 2,000 annually at 8 in an
    IRA at 25, you will have 606,487 at 65. If you
    delay until 35, youll have only 266,427, a loss
    of 340,0601.

1 Dean O. Webb, Dont delay, start saving
today, Christian Financial Concepts, Money
Matters, 10/99, p. 3
37
Retirement
  • The only mention of retirement is at Numbers
    825-26a, where priests were to retire at age 50,
    probably due to physical depletion (see Eccles.
    12).
  • If you live to 65, youll probably live to 831.
  • First, be rich toward God (Lk. 1221), unlike
    the rich fool who tried to construct heaven on
    earth.
  • Ask God what standard of retirement living He
    wants you to have, then plan toward it.

1 www.cdc.gov/nchs/fastats/lifeexpec.htm,
accessed 4/17/02
38
PLANNING WITH YOUR SURPLUS
  • Gods plans never fail (Is. 1427 Ps. 3311), so
    we need to try to understand Gods will (Eph.
    517 Jer. 923-24).
  • Planning is spiritual (Prov. 125 163)
  • Get good counsel (Prov. 1215 1310)
  • God can will in our will (Phil. 212-13)
  • What has God given you faith to believe Him for
    ? Bill Gothard
  • Try constructing a financial timeline, using 70
    years.

39
TWO APPROACHES TO SPENDING
  • From a false assumption
  • of what ought to be able to spend.
  • I owe it to myself! I deserve to be able to
    .a deductive approach
  • From actual income/provision
  • From within the circle of Gods provisionan
    inductive approach

40
HOW TO BUDGET-- 7 STEPS
  • 1. Pray for wisdom (James 15) and for
    self-control (Galatians 523). Habitual
    overspending is a spiritual issue.
  • 2. BEFORE spending, plan MONTHLY expenses and
    LONG TERM GOALS (greater than 1 year, requiring
    savings).
  • 3. Record DAILY expenses in a ledger or software
    programkeep a running total in each expense
    category (using the ledger or on the outside of a
    cash envelope).

41
BUDGETING STEPS
  • 4. At months end, TOTAL expenses in each
    category and compare with target figures, and
    adjust for next month, if needed.
  • 5. Compare ALL expenses and with ALL
  • income.
  • 6. Move any surplus to savings, earmarking it for
    a particular need.
  • 7. Deduct any shortfall from your next pay before
    spending it.

42
Go to www.crown.org/Tools/budgetguide.asp to
find percentages for each category for your
income.
Budget busters
Print this form at www.rmni.org/financial/income_a
nd_expense.pdf
43
Typical Budget Problems -1
  • Spending over 40 of net spendable income (gross
    income, less taxes and giving) for housing
    utilities
  • Long distance/cell phone bills too high
    Tip use www.OneSuite.com
  • Food category out-of-control, including eating
    out Tip shop from menus
  • Over-recreating, including cable, trips and
    fitness clubs Tip spend from envelope
  • Paying too much for auto insurance having
    inadequate life insurance

44
Typical Budget Problems -2
  • High debt load and failure to even list and total
    all debt Tip debt list at www.rmni.org/financial
    /debt_list.pdf
  • Little or no savingsfailure to plan for future
    needs and goals
  • Miscellaneous spending out-of-control
  • Unable to pay for private schooling
  • Putting too much or too little into retirement
    investments

45
Typical Budget Problems -3
  • Little giving to Christian causes too much
    giving to relatives
  • Inadequate or inordinate tax deductions
  • High cost of health insuranceconsider a good
    Christian health cooperative see
  • www.samaritanministries.org

46
6 LEVELS OF GIVING
  • 1. Giving little or nothing. Among Baby-busters
    (18-35), only half gave anything to the church in
    2002.1
  • 2. Inadequate giving. Giving less than 10.
  • 3. Obedient giving. Giving a tithe.
  • 4. Giving beyond obedience--beyond the tithe.
  • 5. Giving generously, being willing to share (2
    Cor. 96).
  • 6. Surpassing generosity. Giving out of Gods
    bounty, becoming a conduit of His blessing (2
    Cor. 98,10-11). In Larry Burketts terms, we
    become a pipeline, instead of a pail.

1 George Barna, Americans Were More Generous in
2001 Than in 2000, 4/9/02, accessed at
www.barna.org on 2/7/03
47
BUDGETING TIPS
  • At years end, total all expenses for each
    category and divide by the number of months
    included, to refine your budget figures.
  • You will probably have to adjust your budget each
    month if your income varies (using a computer
    spread-sheet helps). See www.rmni.org/financial/b
    udgetsheet.asp

48
More BUDGETING TIPS
  • Expect UNEXPECTED expenses. Satan will try to
    discourage you. This is the reason for an
    emergency fund. The budget may take at least 6
    months to begin to work smoothly.
  • If you use software (Quicken,
  • Money Matters, or MS Money), use both a
    checking account (checks debit cards) AND a
    cash account, then combine them when running
    reports. You may also need a credit card account
    (if you pay them off each month), and again,
    combine accounts for a report. Using software
    makes tax season fairly simple.

49
  • FINANCIAL STATEMENT
  • As of_________________
  • (Courtesy of Christian Financial Concepts, Inc.)
  • Visit the Financial Ministry section of
    www.RMNI.org
  • ASSETS
  • Liquid Assets1
    LIABILITIES2
  • ___________________ ____________
    ___________________ ___________
  • ___________________ ____________
    ___________________ ___________
  • ___________________ ____________
    ___________________ ___________
  • ___________________ ____________
    ___________________ ___________
  • ___________________ ____________
    ___________________ ___________
  • ___________________ ____________
    ___________________ ___________
  • Total liquid assets ____________
    TOTAL LIABILITIES ___________

  • Invested Assets3
  • ___________________ ____________
  • ___________________ ____________
  • ___________________ ____________
  • ___________________ ____________
    NET WORTH __________

50
www.Crown.org
  • To find out how to join a 10-week small group
    Crown Ministries financial accountability group,
    call 800-722-1976.

51
Are You Ready to Invest?
  • Is consumer debt (non-mortgage) paid? We should
    not tell creditors to wait for their money (Prov.
    327-28).
  • How is your emergency fund?
  • Are you adequately insured (auto, home, health,
    life)?
  • Can you invest without debt?
  • Do you know your investment goals?
  • What is your toleration for risk and your freedom
    to risk?

52
Pre-investment Principles
  • The best investment is in Gods Kingdom. The
    return is guaranteed and nothing can diminish the
    principal (Luke 1233).
  • Do I believe that God will reward the generous,
    or am I building my own heaven on earth?
  • By application, the parable of the talents
    indicates that we should try for the best return
    on investments, consistent with biblical
    ethics (Matt. 2514-28).

53
Solomons Principles
  • Solomon, of incredible wealth, counseled to be
    vigilant with the wealth we have (Prov.
    2723-27).
  • Investing requires ongoing scrutiny.
  • Money takes wings (Prov. 235).
  • Dont try to get rich quick (Prov. 23-4-5). In
    fact, dont try to get rich (1 Tim. 69). This
    is an American heresy.

54
Solomons Principles
  • Spread risk (Eccles. 112, 6).
  • Buy mutual funds.
  • Diversifyamong size of companies, between stocks
    (equities) and bonds (debt), or among
    geo-economic spheres or kinds of economies, etc.
  • Gain understanding, even if costly (Prov. 47).
    Libraries of investment information are on the
    Internet. Investment books, magazines and
    newsletters abound.

55

Investment Strategies
  • Own your home debt-freea retirement foundation.
  • Mortgage calculators, etc. are at
    www.mortgage-calc.com
  • Invest while young, so you can tolerate greater
    risk.
  • With age, risk should decrease.
  • Bonds generally become a larger part of the
    portfolio with age.

56

Sources of Understanding
  • Invest in areas you understand (Larry Burkett).
    Gain information.
  • Crown Ministry www.Crown.org
  • Christian financial resources
  • The Motley Fool has online courses glossary
    www.Fool.com
  • http//MoneyCentral.msn.com Very current
    information

57
Selecting Mutual Funds
  • Sound Mind Investing Newsletter
    www.SoundMindInvesting.com
  • Currently about 8 per month for web
  • www.Morningstar.com Great rating system, current
    articles and a free university.
  • Use Morningstar ratings5 stars is best, (top 10
    of sector). Your library may have a
    subscription.

58
Some Mutual Fund Types
  • Index funds match indexessuch as the SP 500
    (500 biggest companies1), and the Russell 2000
    (small companies).
  • Large capitalization funds invest in companies
    of about 10 billion in market value, mid-cap in
    companies of 1-10 billion1 and small-cap in
    smaller companies.

1 www.fool.com/school/Glossary
59
Some Mutual Fund Types
  • Risk increases as company size decreases. Having
    some stock in each (large, mid, small cap)
    category is good diversification.
  • Generally there are value funds/stocks, good
    for current price, and growth funds, with
    potential for company earnings1. Blend funds
    combine both. Growth funds have greater risk.

1 www.fool.com/school/Glossary
60
Buying Stocks
  • Sector funds invest in specific areas, such as
    technology, real estate, energy, pharmaceuticals,
    etc. Risk increases as the breadth of investment
    decreases.
  • No-load funds do not charge a commission, but
    do have administrative expenses, and are
    preferable to loaded funds.

61
Buying Stocks
  • You can purchase stocks through discount brokers,
    such as Sharebuilder, Ameritrade or Datek, or
    through brokers offering investment advice.
  • www.sharebuilder.com
  • www.Ameritrade.com

62
Retirement Plans
  • Company 401-Ks and 403-Bs (for non-profits)
    offer tax-free accumulation of any earnings and
    shelter current income.
  • Particularly good are employer-matched funds.
  • Beware of over-concentration in an employers
    stock.

63
Retirement Resources
  • www.quicken.com/retirement/planner
  • Vanguard GroupIRAs, etc. http//flagship2.vangua
    rd.com/
  • CNN/Money http//money.cnn.com/ Do a site search
    on retirement.
  • Social Security www.ssa.gov
  • 401k plans www.psca.org

64
Estate Planning Resources
  • Legal information www.nolo.com
  • National Network of Estate Planning Attorneys
    www.netplanning.com
  • www.elderweb.com Elderly issues
  • Deloitte Touche Financial planners
    www.deloitte.com

65
What if your personal income rises?
  • Will you spend it upon yourself and your family?
    Are you a bucket or a funnel (L. Burkett). Will
    you give at least a tithe of your income to the
    work of God? Or will more money lead you away
    from God (Matt. 1114)?
  • Will you be more generous and better steward of
    your life and gifts, or simply enjoy personal
    financial freedom with a focus upon this life?

66
What if income increases to your church?
  • Will the church spend it upon its own people,
    upon African Americans, and ignore the global
    Kingdom of God?
  • Do we care about the 37,000 people who God didnt
    wake up this morning, who never even had a chance
    to hear of Jesus Christ?

67
OK, What Is Left to Do?
  • With 72.5 of the world adequately evangelized
    by mid-2004, 1,747,034,000 are unevangelized1.
  • There are 1,271,884,000 Muslims and 841,078,000
    Hindus (as of mid-2004). Both are growing at a
    faster rate than Christianity1.
  • 1 David Barrett and Todd Johnson Annual
    Statistical Table on Global Mission 2004
    International Bulletin of Missionary Research,
    Jan. 2004, p. 25.

1 From Annual Statistical Table on Global
Mission 2002, International Bulletin of
Missionary Research, Jan. 2002, p. 23
68
Perspective
  • The tragedy is that after we are born again, we
    can build upon the Rock things that are going to
    be consumed, so that after we have stood before
    the Lord Jesus Christ as Judge we have little
    left. This is a danger not only to businessmen
    but to missionaries and ministers, not only to
    individuals but to congregations and
    organizations. By Gods grace, let us not be
    infiltrated by the values of affluence and
    personal peace. Let us use the treasures God has
    given us in such a way that when we come to that
    day we will have treasures laid up in Heaven and
    people eagerly waiting for us.
  • Francis Schaeffer, No Little People, ISBN
    0891073345, 3191.

69
CHRIST and Developing Nations
  • When people turn to Christ they generally
    experience economic lift.
  • Secular sociologists recognize this across
    cultures
  • Born again men and women refrain from spending
    money on alcohol, gambling and illicit sex. They
    start taking care of their families, giving and
    more carefully manage their finances.
  • By the power of the Spirit, they have
    self-control (Gal. 523).
  • They are less inclined to waste their time and
    more inclined to be industrious.
  • They avoid corrupt work and business
    practicesbribes, stealing, slothfulness at work.

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CHRISTIANS RISE ECONOMICALLY
  • The Church is the hope of developing nations. It
    is not leaders, some of whom have hoarded wealth
    unto themselves.
  • Church leaders must model not greed and
    avariciousness, but contentment and
    self-sacrifice.
  • Pastors need to model faithfulness with little,
    as an example to the flock. If God blesses with
    more, wonderful.
  • It isnt international aid. No nation, including
    the US, even the UN, has the resources to bring
    continents like Africa out of poverty.
  • Even if huge amounts are given, historically it
    has often gone to administrators and foreign bank
    accounts, rather than to meet peoples needs.
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