A TYPICAL GUIDE TO FAMILY FINANCE

  1. Maintain Proper Perspective about Finance/Money
  • God is more important than money (Proverbs 15:16)
  • Wealth is fleeting (Proverbs 23: 4 – 5)
  • God will provide (Mathew 6: 25 – 34)
  1. Provide for Your Own
  • Your immediate family (I Timothy 5:8)
  • Your aging parents (Mathew 15:4 – 6)
  1. Avoid Debt
  • Repay what you owe (Psalms 37:21)
  • Don’t co-sign for others (Proverbs 17:18)
  • Debt enslaves the family (Proverbs 22:7)
  1. Save for the Future
  • Save for short-range needs (Proverbs 30:25)
  • Save for long-range needs (Proverbs 21:20)
  • Future generations (Proverbs 13:22)

But, in HOW TO BECOME A MENTAL MILLIONAIRE By J, Martin Kohe and Judith Williamson, the authors said:

Saving money for the future is an old psychology, rather:

  1. Save money for going into possible business for yourself.
  2. Save money for buying/building a home.
  3. Save money for traveling (it is a part of education).
  4. Save money for further education.
  5. Save money for interesting experiences (pleasures) in later years.

Note this: Wealth creation is a process that takes time. Don’t rush through it. Learn to love the process. Cherish every experience. The path to financial freedom is one of the most exciting tough journeys you’ll be making in your lifetime. ~ Clarice


© 2017 Peter F. Adewumi

Photo Credit: Google Image Search

 

If you are impacted with this write-up, get any of these three books for more proven Success Tips. Thanks a lot.

The End Matters Most, authored by Peter Adewumi. (Print on Demand, eBook & Audio).

Attributes of Successful Employees by Peter Adewumi. (Print Book & eBook).

Virtues for Riches (Motivational Series) by Peter Adewumi (Paperback, eBook & AudioBook)

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3 Replies to “A TYPICAL GUIDE TO FAMILY FINANCE”

    1. You are a great “encourager”. Thanks for the comment! The Lord God almighty shall continue to bless you. You will continually live in happiness, God’s blessings and in health with long life (You have to choose between 90 and 120). You shall see your children’s children, you shall eat the fruit of your labour; and you will not be found wanton when it comes to the kingdom of God. You, your children, and your children’s children will experience the kingdom of God on earth; and at the end you will reign together with Jesus to even judge other saints and all heavenly hosts. in Jesus’s name.

      Like

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