1. Controlling Spending Your wealth = Income – Spending So, increasing wealth can be done by: Investing and saving more, or Spending less. The BIG SECRET to generating wealth: Spend less than you earn

2. You might say… DUH! …but you might be surprised how many people don’t get it. “Wealth” is not “large income” “Wealth” is not “big spending” “Wealth” is not “large income” “Wealth” is not “big spending”

3. Americans are not saving money -1.0% -0.5% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 200020012002200320042005 US Personal Savings Rate (2000-2005)

4. and Don’t Spend Anything! Save, 1. Wait overnight. 2. Consider your motives – is this a need, or a want? 3. Don’t buy what you don’t understand. 4. Consider the opportunity cost – if you buy this item, what will you not be able to do with your money? 5. Seek wise counsel. 1. Wait overnight. 2. Consider your motives – is this a need, or a want? 3. Don’t buy what you don’t understand. 4. Consider the opportunity cost – if you buy this item, what will you not be able to do with your money? 5. Seek wise counsel. and Spend Your Money Wisely

5. Living Below Your Means Your budget will help. Automatic, forced savings will help too. You don’t have to give up buying nice things – just delay buying them. Delayed gratification makes things cheaper. Financial security is worth more than stuff. Your budget will help. Automatic, forced savings will help too. You don’t have to give up buying nice things – just delay buying them. Delayed gratification makes things cheaper. Financial security is worth more than stuff.

6. Save, and Spend Your Money Wisely 1. Wait overnight. 2. Consider your motives – is this a need, or a want? 3. Don’t buy what you don’t understand. 4. Consider the opportunity cost – if you buy this item, what will you not be able to do with your money? 5. Seek wise counsel. 6. 1. Wait overnight. 2. Consider your motives – is this a need, or a want? 3. Don’t buy what you don’t understand. 4. Consider the opportunity cost – if you buy this item, what will you not be able to do with your money? 5. Seek wise counsel. 6. Contentment Now there is great gain in godliness with contentment, for we brought nothing into the world, and we cannot take anything out of the world. But if we have food and clothing, with these we will be content. 1 Timothy 6:6-9