Throughout life, God will bless you with an infinite amount of resources. You will be blessed with only so much money, time, assets and talents. With each blessing God has given you, He expects you to be a good steward of what He has blessed you with.
Faithfulness leads to fruitfulness
How can you ask God to bless you with millions if you can’t take care of a thousand? Real financial peace takes place when you learn how to take care of the little that God has blessed you with already. Think about it, how can you desire a big house, but fail to take care of your small apartment? If you want to really see blessings in your life, you have to learn to take care of small matters before He can trust you with larger ones!
Consider your ways
A passage in the Bible reminds us to consider our ways. Haggai 1:6-7 reminds us that while we may earn much, but we have very little to show for it. We have to understand, it is a true blessing to earn a lot of money, but the reality is if you spend just as much – the occurrence of one negative financial event can cause a financial downward spiral.
Learn to live on less
Take time to commit to live off less than what you earn. No matter if you are earning 20,000 or 200,000 million, if you are not careful about your spending habits, then you may find yourself having more debt than money. After creating and reviewing your budget, look for ways to live off less of your earned income. A good rule of thumb is to spend a maximum of only 70% of your income and save and invest the rest, month in – month out.
(Randell Tiongson, RFP is an advocate of Life & Personal Finance. With nearly 30 years of experience in the Financial Service Industry – Banking, Mutual Funds, Insurance and Financial Planning, and Management Consultancy – he has become one of today’s most respected personal finance coaches in the country. Check out his website for more financial advice www.randelltiongson.com)