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The Road to Financial Freedom
Discover freedom. With the current credit crisis, mortgage foreclosures and rampant credit card debt, many people are feeling overwhelmed. Many of us have taken the misguided road that has led to financial bondage. In this lens we will focus on Christian financial resources and opportunities that will help you get on the right road that leads to financial freedom. There is hope for you, no matter how big your problem. By applying God's principles to our money management, what may seem like an impossible goal can actually be attained. With the resources you will find here, I hope you will be encouraged to take the next step toward financial freedom.
What you will find:
- MAKING THE MOST OF YOUR MONEY IN TOUGH TIMES
- NAVIGATING THE MORTGAGE MAZE
- RSS: IBDeditorials
- TAX HELP!
- FINANCIAL TOOLS YOU CAN USE
- WHERE DO I START?
- HOW MUCH TO SPEND ON WHAT
- CHRISTIAN FINANCIAL ADVOCATE RECOMMENDS
- Great Stuff on eBay
- BE INFORMED
- Twitter Follow
- THANKS FOR STOPPING BY! PLEASE SIGN THE GUESTBOOK
MAKING THE MOST OF YOUR MONEY IN TOUGH TIMES
Kerby Anderson hosts my favorite talk programPoint of View Radio Ministries and does a great job in his book Making the Most of Your Money in Tough Times.
Making the Most of Your Money in Tough Times: *Less Debt *More Savings *Better Planning
Amazon Price: $8.63 (as of 11/14/2009) 
NAVIGATING THE MORTGAGE MAZE
The Simple Truth About Financing Your Home
Navigating the Mortgage Maze: The Simple Truth About Financing Your Home
Amazon Price: $10.39 (as of 11/14/2009)
A BRAND NEW book by Dale Vermillion, a 25 year mortgage veteran. Many of us get completely overwhelmed by our lending choices in financing our homes. Let this industry professional help you through the "Mortgage Maze" with his wise counsel. If you are just following the traditional path of basing your mortgage decision on the lowest interest rate, it could be costing you thousands of dollars!
Chapters include:
* The Top 10 Mortgage Mistakes
* Simple Truth about Interest Rates and APR's
* Mortgage Industry Dilemma
* The Simple Truth About Debt
* Qualifying for Mortgage Financing
* Establishing Financial Goals
* Mortgage Refinancing as an Investment Tool
* Borrowing Smart
* Mortgage Independence
* Moving to Real Life Change
After hearing the author speak, I am very excited about this book!
RSS: IBDeditorials
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The IRS Problem Solver: From Audits to Assessments--How to Solve Your Tax Problems and Keep the IRS Off Your Back Forever
Amazon Price: $12.44 (as of 11/14/2009)
If you have ever heard Dan Pilla on Talk Radio talking about his family's experience with the IRS, you know he really knows his stuff! He is an expert on tax litigation and in this book he shows ordinary people and business owners how to avoid common tax problems and if the problem already exists he also tells them how to fight back and win!
FINANCIAL TOOLS YOU CAN USE
- CLICK HERE
- DISCOVER FREEDOM....
WHERE DO I START?
1. Let's acknowledge whose money it actually is. If we remember that everything belongs to God ~ then we are just the stewards. Much can be said on this deeply spiritual topic and a great book for gaining some perspective on this is
The Treasure Principle by Randy Alcorn.
2. As stewards, God asks us to manage the money he has given us. Good managers must have a plan ~ a plan for financial freedom ~ otherwise known as a budget!
3. Your budget will become your map to financial freedom. Rather than seeing your spending plan as restrictive and confining, start to see it as a way for you to keep on the road.
The Treasure Principle by Randy Alcorn.
2. As stewards, God asks us to manage the money he has given us. Good managers must have a plan ~ a plan for financial freedom ~ otherwise known as a budget!
3. Your budget will become your map to financial freedom. Rather than seeing your spending plan as restrictive and confining, start to see it as a way for you to keep on the road.
BUDGET: YOUR FINANCIAL FREEDOM PLAN
PUT IT IN WRITING!
STEP ONE: LIST MONTHLY EXPENSES
FIXED EXPENSES:
* Giving
* Housing (Mortgage or Rent)
* Property taxes
* Insurance
VARIABLE EXPENSES:
To get an idea of what you are spending on variable expenses, keep an expense diary for 30 days and track all expenditures. It is very eye opening to see where your money is going.
* Food
* Utilities
* Transportation
* Debt Reduction
* Entertainment
* Clothing
* Medical/Dental
* Savings
* Investments
* Miscellaneous
STEP TWO: LIST AVAILABLE MONTHLY INCOME
*Salary
*Interest
*Other
If you have a fixed income every month, this part isn't too hard. However, if you live on fluctuating income or are self-employed this area can be more challenging. Make a conservative estimate as to what your annual income is likely to be, divide that number by 12 and then use that figure to develop your monthly budget.
It is easy for people on fluctuating incomes to get trapped in the debt cycle because they spend what they make during the months with higher income instead of paying back what they previously borrowed. A budget will set you free from this trap and allow you to control your money instead of your money controlling you.
FIXED EXPENSES:
* Giving
* Housing (Mortgage or Rent)
* Property taxes
* Insurance
VARIABLE EXPENSES:
To get an idea of what you are spending on variable expenses, keep an expense diary for 30 days and track all expenditures. It is very eye opening to see where your money is going.
* Food
* Utilities
* Transportation
* Debt Reduction
* Entertainment
* Clothing
* Medical/Dental
* Savings
* Investments
* Miscellaneous
STEP TWO: LIST AVAILABLE MONTHLY INCOME
*Salary
*Interest
*Other
If you have a fixed income every month, this part isn't too hard. However, if you live on fluctuating income or are self-employed this area can be more challenging. Make a conservative estimate as to what your annual income is likely to be, divide that number by 12 and then use that figure to develop your monthly budget.
It is easy for people on fluctuating incomes to get trapped in the debt cycle because they spend what they make during the months with higher income instead of paying back what they previously borrowed. A budget will set you free from this trap and allow you to control your money instead of your money controlling you.
HOW MUCH TO SPEND ON WHAT
Your working budget should be based on your net income (what is left after tithe and taxes). Financial advisors have developed percentages that serve as guideline for maximum spending in each area. These percentages are based on families with an average income. If your income is higher or lower than the average, the numbers may need to be adjusted accordingly.
33% - HOUSING (including mortgage, utilities, maintenance, insurance and repairs)
10 -15% - FOOD
5% - CLOTHING
15% - TRANSPORTATION (cost of vehicle, fuel, maintenance & insurance)
5% - ENTERTAINMENT/RECREATION
5 - 8% DEBT SERVICE (or less)
5 - 15% SAVING/INVESTING
5 - 8% MEDICAL/DENTAL
Free and Clear: God's Roadmap to Debt-Free Living
Amazon Price: $10.39 (as of 11/14/2009)
The Richest Man Who Ever Lived: King Solomon's Secrets to Success, Wealth, and Happiness
Amazon Price: $13.57 (as of 11/14/2009)
Thrift: A Cyclopedia
Amazon Price: $15.56 (as of 11/14/2009)
The Greatest Words Ever Spoken: Everything Jesus Said about You, Your Life, and Everything Else
Amazon Price: $16.49 (as of 11/14/2009)
CHRISTIAN FINANCIAL ADVOCATE RECOMMENDS
-
CLICK HERE
CHRISTIAN MONEY SITE
Great Stuff on eBay
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- jdluntjr jdluntjr May 19, 2009 @ 6:29 am
- Very cool lense. God started working on my finances a couple of years ago, ending useless spending, whispering as I was about to buy things I didnt need "do you need that?"
Now I have a bank account with a fair buffer and my giving is way above a tithe - my immediate goal is to be able to give 20-25 percent. I'm on track.
Thanks, every Christian needs it. I'm lensrolling this to my Gospel Poverty site, because Christians need to be in a position to get out of debt, minimize expenses for the advancement of the Gospel and to help others.
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- gsgodsend gsgodsend Apr 7, 2009 @ 5:24 am
- The "LOVE" of God is shed abroad in my heart by the Holy Ghost.That the God of our Lord Jesus Christ the Father of Glory might give unto us "that" Spirit of revelation and wisdom unto the knowledge of Him.That the eyes of our understanding being enlighten;that we might know what is the hope of His calling,what the riches of His glory of His inheritance in the saints.What is the exceding greatness of His power to usward who believe,according to the working of His mighty power.Which He received in Christ when He raised Him from the dead.Set Jesus at His Own right-hand in heavenly places.Far above all principalities,powers,mights,dominions;and every name that is named not only in this world,but also in that which is to come;and put all things under Jesus feet and gave made Him to be "Head" over all things to the church which is His {me & you complete believers}body; the fullness of Him,which fills all-n-all.Romans 5:5; Ephesians1:17-23
by eblack88
A wise man will hear and increase in learning, and a man of understanding will acquire wise counsel. (Proverbs 1:5) (more)
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