Money Principles – Part 4

Money Principles – Part 4

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Pay yourself first

Thank you for joining us again in this series of articles centered on the subject of money. Last week we shared some laws about money emanating from the Bible in order to ensure financial prosperity. We are now going into more practical ways to help you become wealthy. A lot of us think that becoming wealthy or rich is impossible for most people. The truth is that anyone can become wealthy when they follow simple disciplines over a period of time. It’s not really about how much money you make that determines whether you become wealthy or not. I would like to share some principles that I learned and am implementing to become wealthy.

I was taught that wealth creation is automatic when you have a solid financial plan and you stick to it. Wealthy people may appear to have made their fortunes over night but that’s never the case. They had a plan, followed through it and got to where they are. It is a simple concept but not so easy to follow for most people. Below are 2 other things you need to understand to successfully execute a financial plan:

10% is yours to keep

We spoke about 10% tithe in a previous article that belongs to God which ensures that you’re protected from financial disaster. At least a further 10% is yours to invest in YOU leaving you 80% to pay off your bills. Most people will pay everyone else first and pay themselves with what’s left over (that is if there’s anything left over.) When you work to get income you should pay yourself (after paying God His tithe), you’re entitled to it; it is you that worked to get that income after all. We will discuss more about how to use that 10% or more in a future article. This is one of the most important steps in your journey to creating wealth.

Control your expenditure

Another important discipline to do is keep track of your expenditure by following a spending plan. It doesn’t matter if you make $100,000 a year if you don’t plan your expenditure because you will soon find yourself in a financial mess if you don’t. Proverbs 27:23-24 says “Be diligent to know the state of your flocks, and attend to your herds; for riches are not forever, nor does a crown endure to all generations.”

The common saying, “When you fail to plan, you plan to fail” is profound. Most people that win the lottery and are not financially intelligent are eventually worse off than they were before they had a lot of money. Money is really just an amplifier of who you are at the core. If you are a good person it will amplify the good and if you are bad it will the bad in you.

In the next 2 articles we are going to share some more practical ways that can help you become wealthy. Thank you for taking the time to read this article. Feel free to share your thoughts and experiences in the comments box below. Also share with your friends using the social media buttons on the page. Until next time,

Be all you can be!

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Sija Mafu

Sija Mafu is an Online Enthusiast, Personal Development Fan, Global Business owner and a Master in The Art of Living. Also as a devout Christian, his vision is to see young people take responsibility for their lives and create bright futures for themselves, their families and society at large.

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