Effective money management skills and strategies to help you build wealth.
If you want to manage your money well, you will need to differentiate between your “wants” and your “needs”. Every time you buy something, ask yourself, “Is this a want, or is this a need?” If it is a necessity, then buy it! But if it is just a “nice to have” that you can live…
Many get so caught up trying to be in the “in” crowd, buying things they don’t need or can’t really afford, just to “keep up with the Joneses”. You do not need to live like this. We are told, “You must not covert (desire or crave or be envious) of your neighbour’s house.” (Exodus 20:17)…
Most people who get into debt do not even know why they are racking up debt. It seems to creep up on them. Against this backdrop, if you are battling with debt, I want to encourage you to take a close look at your bank statements. Get your magnifying glass out and examine your bank…
Today we are going to be looking at the wisdom of Solomon regarding good money management. Over the coming weeks, we are going to look at a number of the wealth management principles he shared. If you apply these money management principles, you be successful. King Solomon had huge shoes to fill. His father was…
Are you in debt? If so, I want to encourage you to declare war on your debt and break the debt cycle. You can do it! With a little planning and a bit of work, you can turn your financial affairs around for the better. A habit is something that if practiced, and regularly repeated,…
So many want overnight success. They wish they could get rich quickly. However, God’s way is to build wealth slowly. Easy, steadily, little by little, over time. In 1 Timothy 6:10, God’s word tells us, “For the love of money is the root of all kinds of evil. And some people, craving money, have wandered…
Many years ago, while in primary school, I remember having to complete an experiment on soil. I think the subject was called Environmental Studies and I had to present a project to show how soil worked. We were told to get a jar, go into the garden, and get sand, pebbles, stones, and small rocks….
1. Put God First with Your Finances: When you put God first, he takes care of the rest. “Honor the Lord with your wealth, with the first fruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.” (Proverbs 3:9-10) 2. Know What You…
It is crucial that you diversify your investments. Don’t keep all your eggs in one basket. Rather spread your investments. You can diversify your investments across investment houses and asset managers. You can diversify your investments across geographical areas. You can even spread your investments across various asset classes: cash, bonds, equities, and property. By…
Many don’t know what is going on with their money. It is therefore important to set up a budget. You need to know what is coming in, and where you are spending your money. However, if your budget is too rigid and strict it will leave you frustrated… You therefore need to make sure that…
Your No.1 wealth-building tool is your income. If you get into a habit of feeding more of your income into investments, you will be using your income as an effective wealth-building tool. Most people do not take good care of their money. You may know what you are spending on big items in your budget,…
Jewish people are known to be astute money managers. So recently while in Israel, I did some digging to find out why this is true. I was interested and inspired to discover that one of the secrets lies with what they teach their children about money. It turns out that from a young age many children…
It is important that you pay all your bills on time each month. If you don’t, the extra fees on your credit card and loan repayments can cost you dearly. This also applies to your taxes, where late payments lead to penalties and extra interest. If you don’t pay your bills on time, all those late…
Good day! Welcome to this week’s notes: We have 4 segments in this message… If you missed part 3, you can read it by clicking here! MONEY MANAGEMENT: GET ADVICE If you are battling to get your finances in order, then get some advice. Why not chat to a friend or a respected family member who…
Good day, today I want to share one of my favorite bedrock scriptures on money management with you. It is a verse in the Proverbs written by King Solomon. According to 1 Kings 3:11-14, God gave Solomon “wisdom and understanding”, beyond what anyone “has had or ever will have!” So let me share my favorite…
The festive season has come and gone. How did you manage your money during the holidays? If you are like most people, you have probably spent too much and now have to face the following consequences: more debt to repay on your credit cards and less cash flow. This can be very tough and stressful….
Over the years, I have practiced a simple strategy that has helped me in my money management. I want to share this strategy with you. Building wealth is a long-term process. It is all about making small positive changes over the long term. These strategies will not have overnight success but can help you build…
Today I want to share a few practical ideas that come straight out of the Bible, that can add value to your financial management, while helping you to build on your relationship with God. God wants to Walk the Journey with You 1. Make God your No. 1 priority: A priority is something that is…
Today I want to give you two pieces of advice on your money: The first piece of advice comes from Warren Buffett, who is probably one of the most respected investors in the world. The second is a short word of encouragement from me that can change your life. Advice from Mr. Warren Buffett Warren…
Are your financial affairs in order? Many think that this is a daunting task, but those who set up a plan and review their financial affairs at regular intervals are much more likely to produce positive results. Today I want to share 9 areas you need to review in order to keep your financial affairs…
Many dream of attaining financial freedom, but few ever get close. Without a clear vision and an intentional plan, your wishes will only remain a pipe dream. But, if you will re-look at your priorities and goals, and if you are prepared to implement a simple wealth-building strategy, you can set yourself up for a…