STEWARDSHIP SKILLS: Successful Money Management

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Presentation transcript:

STEWARDSHIP SKILLS: Successful Money Management PRST 3301 Lifelong Learning Donovan Fredricksen, Ph.D. PRST 3301

Principles for Success Principle #1: We Are Not to Love Money For the love of money is a root of all kinds of evil (1 Timothy 6:10)

Principles for Success Principle #2: We Must Be Prepared to Lose Our Money Though the tree does not bud and there are no grapes on the vines, though the olive crop fails and the fields produce no food, though there are no sheep in the pen and no cattle in the stalls… (Habakkuk 3:17-19)

Principles for Success Principle #3: We Must Determine His Priorities PRIORITY 1 - GOD (Proverbs 3:9-10) PRIORITY 2 - FAMILY (Proverbs 17:1)

Principles for Success Principle #4: We Must Understand the Requirement of Work Dishonest money dwindles away, but he who gathers money little by little makes it grow (Proverbs 13:11)

Principles for Success Principle #5: We Must Place Proper Value on Honesty A greedy man brings trouble to his family, but he who hates bribes will live. (Proverbs 15:27)

Principles for Success Principle #6: We Need to Understand the Benefit of Sharing He who is kind to the poor lends to the Lord, and he will reward him for what he has done. (Proverbs 19:17)

Principles for Success Principle #7: We Must Be Aware of the Problem of Borrowing The rich rule over the poor, and the borrower is servant to the lender. (Proverbs 22:7)

Principles for Success Principle #8: We Must Understand How to Give REQUIRED GIVING - (Malachi 3:7-12) SACRIFICIAL GIVING - (2 Corinthians 8:1-9)

Procedure for Success Success Begins With Desire Success Takes Time Success Requires a Plan

Plan for Success Make a List of Creditors Go to Creditors with a Plan An Alternate Plan After Debts are Paid Off Conclusion