Re: "Show Me The Money" (If He Doesn't Have the Bling, She Doesn't Want the Ring.)
HOw's this for money management?
I decided to build a new computer since my old one is a fossil. Frankly the dinosaurs are younger. Anyway it took more than two years for me to build a new computer. I finally got it built and running and the power supply blows after three weeks. That was three months ago and I still haven't replaced the power supply because I can't afford it and my car is disintigrating before my eyes. So the money for that power supply is now having to go to fixing my car. I hate making minimum wage. Especially when my companies owner is making millions a year and is your typical scrooge character.
I'm lucky if I make 1400 a month and my expenses are near to 1200. Not including ugly little medical or automotive surprises. By the end of the year I'm lucky to have made a total profit of 300 dollars.
We also have a slow period about three months long where I'm luck to get 900 a month and my expenses stay the same.
Great thread, I love the point on the concept of someone making 20,000 vs someone who makes 200,000 yet has a lack of self-control. The reality is that a fool with 20 dollars is still a fool with a million dollars.
The problem is people fail to establish character in relation to wealth management. People also fail to understand money all too often, and thus they never can be succesful with money management. The very first thing one SHOULD check, especially a female and male in a partner is not how much they make, but what they do with what they make. The absolute first thing should be the understanding to tithe, all the time, no matter what from each and every increase one receives. It is off your gross folks, not your net as well. Hey you got 20 bucks for a gift? Make sure to honour God with 2 dollars first.
I have determined that the absolute key to financial success and management is to honour God in my financial affairs first.. this all begins with the tithe, and after that order is established, you then determine to pay your bills, rent, mortagage and everything tied into that each money with designated funds.. or in other words, you don't spend your rent money on a new watch, tv, video game system, golf clubs, or whatever else.. neither do you use a credit card, (unless you can pay it off in that same month) and then after you take care of your bills, you ALSO set aside the funds for other expenses.
What do I mean? Such as travel expenses, car repairs, lunch everyday, coffee, newspaper.. the little things we all spend money on day in day out. After this is all said and done, what is the money left over for? That's your money to provide with a mission to be a blessing with. The key here is to diversify your financial investments. God is always first, well how can you be a blessing to a homeless person if the 20 dollars God told you to give to someone was wasted on a flat screen? Is buying a flat screen a sin? No, but is going into debt and blowing your money that has a purpose on foolish items a failure? Yes it is.
Save save save save!!!!!!!! Save your money! Most people do not have a savings plan in place, even if you say 5 bucks a week, it's still saving! Imagine 5 bucks a week to cover some expense that shows up that would cost you an extra 20 bucks, well if you didn't save you'd put it off, pay late, pay less than what you owe, or whatever.. but being smart, you had that money for a rainy day to take of this issue that came up.
Also, people need to seriously learn to DIVERSIFY in your investments and financial portfolio. I can speak from experience, as I currently have 2 checking accounts, 2 savings accounts, (one being ING Direct due to great APY rates, though the market has been lower lately) and a brokerage account. I also just closed out a CD account.
Find things to provide you with advantages, however small those things may be, but learn to find them.. for example I use Bank of America, and Citizens Bank as my two checking accounts, why? Well if you know about Citizens Bank's Green Sense program, then you realize that each time you use your debit card to pay for something, a bill, a meal, a cookie, heck anything! You earn ten cents back for each transaction. Why wouldn't you do this? Seriously, it works for you, and sure you may earn say 2 bucks or 5 bucks a month, but hey that's a gallon of gas, or a coffee and a donut back in your pocket each month covered. Then of course Bank of America uses Keep the Change, which is matched up to 5 percent annually, and also provides a method to save your money, which is great.
Look into other things to invest in, a CD account is great, it's save and secure, and no risk. Look into an IRA, A Roth Ira, 401k, Mutual funds, stocks, bonds and so on. Don't be afraid to spread out your capital, and even if you can only afford 500-1k in investments, look into penny stocks, or stock options that you can trade through.
And above all else, do your research, honour God first, yolk with what is healthy, research a company and it's ethics and attitude, and how they do buisness. I wish I learned all of this a few years ago, because I would have been better off now, but it's fine knowing now, I am thankful.
Most people don't look into these things, and miss the boat. At the end of the day, learn to just save and have a savings plan to apply wisdom to your financial affairs.. stay out of debt as much as possible, and not at all. Remember it's about what you need, not what you want that matters. If you can afford something nice, there is nothing wrong with that.
The other concept is that financial prosperity is a key concept in having more than enough, why? Having more than enough is not so you can suck up material wealth, it's so you can have an abundance of overflow to turn around and give it to someone else to be a blessing to. Most people misunderstand the prosperity message, as it's not about just money, nor for yourself.. it's about being empowered to bless others. How can you be a financial blessing if you're in debt and broke? I'm just sayin'. lol.
The problem is people fail to establish character in relation to wealth management. People also fail to understand money all too often, and thus they never can be succesful with money management. The very first thing one SHOULD check, especially a female and male in a partner is not how much they make, but what they do with what they make. The absolute first thing should be the understanding to tithe, all the time, no matter what from each and every increase one receives. It is off your gross folks, not your net as well. Hey you got 20 bucks for a gift? Make sure to honour God with 2 dollars first.
I have determined that the absolute key to financial success and management is to honour God in my financial affairs first.. this all begins with the tithe, and after that order is established, you then determine to pay your bills, rent, mortagage and everything tied into that each money with designated funds.. or in other words, you don't spend your rent money on a new watch, tv, video game system, golf clubs, or whatever else.. neither do you use a credit card, (unless you can pay it off in that same month) and then after you take care of your bills, you ALSO set aside the funds for other expenses.
What do I mean? Such as travel expenses, car repairs, lunch everyday, coffee, newspaper.. the little things we all spend money on day in day out. After this is all said and done, what is the money left over for? That's your money to provide with a mission to be a blessing with. The key here is to diversify your financial investments. God is always first, well how can you be a blessing to a homeless person if the 20 dollars God told you to give to someone was wasted on a flat screen? Is buying a flat screen a sin? No, but is going into debt and blowing your money that has a purpose on foolish items a failure? Yes it is.
Save save save save!!!!!!!! Save your money! Most people do not have a savings plan in place, even if you say 5 bucks a week, it's still saving! Imagine 5 bucks a week to cover some expense that shows up that would cost you an extra 20 bucks, well if you didn't save you'd put it off, pay late, pay less than what you owe, or whatever.. but being smart, you had that money for a rainy day to take of this issue that came up.
Also, people need to seriously learn to DIVERSIFY in your investments and financial portfolio. I can speak from experience, as I currently have 2 checking accounts, 2 savings accounts, (one being ING Direct due to great APY rates, though the market has been lower lately) and a brokerage account. I also just closed out a CD account.
Find things to provide you with advantages, however small those things may be, but learn to find them.. for example I use Bank of America, and Citizens Bank as my two checking accounts, why? Well if you know about Citizens Bank's Green Sense program, then you realize that each time you use your debit card to pay for something, a bill, a meal, a cookie, heck anything! You earn ten cents back for each transaction. Why wouldn't you do this? Seriously, it works for you, and sure you may earn say 2 bucks or 5 bucks a month, but hey that's a gallon of gas, or a coffee and a donut back in your pocket each month covered. Then of course Bank of America uses Keep the Change, which is matched up to 5 percent annually, and also provides a method to save your money, which is great.
Look into other things to invest in, a CD account is great, it's save and secure, and no risk. Look into an IRA, A Roth Ira, 401k, Mutual funds, stocks, bonds and so on. Don't be afraid to spread out your capital, and even if you can only afford 500-1k in investments, look into penny stocks, or stock options that you can trade through.
And above all else, do your research, honour God first, yolk with what is healthy, research a company and it's ethics and attitude, and how they do buisness. I wish I learned all of this a few years ago, because I would have been better off now, but it's fine knowing now, I am thankful.
Most people don't look into these things, and miss the boat. At the end of the day, learn to just save and have a savings plan to apply wisdom to your financial affairs.. stay out of debt as much as possible, and not at all. Remember it's about what you need, not what you want that matters. If you can afford something nice, there is nothing wrong with that.
The other concept is that financial prosperity is a key concept in having more than enough, why? Having more than enough is not so you can suck up material wealth, it's so you can have an abundance of overflow to turn around and give it to someone else to be a blessing to. Most people misunderstand the prosperity message, as it's not about just money, nor for yourself.. it's about being empowered to bless others. How can you be a financial blessing if you're in debt and broke? I'm just sayin'. lol.
I decided to build a new computer since my old one is a fossil. Frankly the dinosaurs are younger. Anyway it took more than two years for me to build a new computer. I finally got it built and running and the power supply blows after three weeks. That was three months ago and I still haven't replaced the power supply because I can't afford it and my car is disintigrating before my eyes. So the money for that power supply is now having to go to fixing my car. I hate making minimum wage. Especially when my companies owner is making millions a year and is your typical scrooge character.
I'm lucky if I make 1400 a month and my expenses are near to 1200. Not including ugly little medical or automotive surprises. By the end of the year I'm lucky to have made a total profit of 300 dollars.
We also have a slow period about three months long where I'm luck to get 900 a month and my expenses stay the same.
Last edited:
