Friday, May 1, 2009

21 Steps to Building Financial Wealth

1. Write out your financial goals
2. Live within your means
3. Set aside something from every paycheck
4. Set up a short-term contingency account
5. Keep proper records

6. Get out of debt.
7. Learn how to make money work for you
8. Open a no-load or rear-load mutual fund
9. Establish an IRA
10. Use money marketing accounts

11. Eliminate all unnecessary waste from current income
12. Avoid buying insurance you may not need
13. Reduce or eliminate all existing interest payments
14. Save up to 50% on the cost of an automobile
15. save 25-45% on home purchases 1

6. Save over 30% on existing home mortages
17. Learn how to reduce your taxes
18. Establish a workable estate plan for your family
19. Look for creative ways to increase current income
20. Plant a seed to help others

21. Be patient

Mark 11:23-24
For assuredly, I say to you, whoever says to this mountain, 'Be removed and be cast into the sea," and does not doubt in his heart, but believs that those things he says will be done, he will have whatever he says. Therefore I say to you, whatever things you ask when you pray, believe that you receive them and you will have them.

2 Corinthians 9:8
And God is able to make all grace abound toward you, that you, always having all sufficiency in all things, may have an abundance for every good work.

James 2:17-18
Thus also faith by itslef, if it does not have works, is dead.
But someone will say, "You have faith, and I have works." Show me your faith without your works, and I will show ou my faith by my works.

Proverbs 27:23-24
Be diligent to know the state of your flocks, And attend to your herds; For riches are not forever, Nor does a crown endure all generations.
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Above is an exerpt from the book God's Plan for Your Finances. I took these notes almost exactly a year ago and definitely did not keep the principles at the forefront of my mind. I posted them here just so I would look at them more often. I love the verses that accompany the list... If I believe with all my heart that I will be successful and financially wise and ASK for that, I will recieve it. If I am generous in my work, I will be rewarded. My faith without action behind it is useless. And my actions, my intentions with my work and the people around me are more permantant than my riches.

As April wraps up, my finances have drastically improved... mainly because of my tax return, but still I have become more wise by giving more attention to this area of my life. I plan to continue to grow in this area, never will my hunger for knowledge cease. I am looking forward to beginning a new career tomorrow!! May the Lord continue to bless the road I am on. Praise be to Him, for sure!!!

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