SAINT LUKE BIBLE FELLOWSHIP
FINANCIAL PRINCIPLES
FINANCIAL
MANAGEMENT
According to insurance companies statistics, of one-hundred (100) people who reach retirement
age;
1. Eighty
percent (80%) of people will be working with no savings and will be financially broke upon reaching retirement age.
2. Fifteen percent (15%) of people will have
some savings put aside and will still have to work upon reaching retirement age.
3. Four percent (4%) of people will be financially abundant and will not have to
work upon reaching retirement age.
4.
One percent (1%) of people will be financially independent and will not have to work upon reaching retirement age.
There are two (2) main reasons why ninety-five percent
(95%) of people reach retirement age financially broke and must still work;
1. They never decide
to retire financially abundant and/or financially independent.
2. They procrastinate about doing the
things they need to do to become financially abundant and/or financially independent.
There are four (4)
critical steps that people must learn and apply to achieve financial abundance and/or financial independence;
1. A Desire To Be Financially Abundant.
2. A Decision To Be Financially Abundant.
3. The Discipline To Be Financially Abundant.
4. The Determination To Be Financially
Abundant.
FINANCIAL MANAGEMENT GOALS/OBJECTIVES
The five (5) goals/objectives of financial management are;
1. Self-Improvement.
2. Financial Planning.
3. Financial Asset Investments.
4. Financial
Asset Protection.
5. Financial Harvesting/Reaping.
LAWS OF WEALTH
Financial management, financial abundance and financial independence begins
with knowing, understanding and applying the seven (7) laws of wealth;
FIRST LAW OF WEALTH
The Learning Law
SECOND
LAW OF WEALTH
The Earning Law
THIRD LAW OF WEALTH
The Tithing Law
FOURTH LAW OF WEALTH
The Saving Law
FIFTH
LAW OF WEALTH
The Investing Law
SIXTH LAW OF WEALTH
The Spending Law
SEVENTH LAW OF WEALTH
The Sharing Law
REDUCING FINANCIAL DEBT
Reducing
and/or eliminating credit card debt begins with knowing, understanding and applying the following five (5) steps;
STEP ONE
List All Financial Debts On Paper.
STEP TWO
Re-Arrange The Financial Debts List From Lowest To Highest Balance(s).
STEP THREE
Make A Minimal Additional $100.00 Payment On The Lowest Balance.
STEP FOUR
Pay Minimum Balance
On Remaining Balance(s).
STEP FIVE
After Paying Off The Lowest Balance(s) Repeat Steps Two - Five.
PRINCIPLES OF FINANCIAL ABUNDANCE & FINANCIAL INDEPENDENCE
Investors who learn, understand and strictly apply the following seven (7) financial principles will
avoid investing in Wall Street’s complicated and confusing investment products;
FIRST FINANCIAL PRINCIPLE
Be Responsible For Using Their God Given Abilities, Gifts & Talents
To Acquire Finances.
SECOND FINANCIAL
PRINCIPLE
Be Responsible For Acquiring & Multiplying Their Finances.
THIRD FINANCIAL PRINCIPLE
Give The Lord God His Portion Of Their Acquired Finances.
FOURTH FINANCIAL PRINCIPLE
Pay Themselves A Minimum Of Five Percent (5%) To Ten Percent (10%)
Of Their Acquired Finances.
FIFTH
FINANCIAL PRINCIPLE
Consult With Financially Wise People On How To Multiply Their Acquired Finances.
SIXTH FINANCIAL PRINCIPLE
Find Employment For Their Acquired Finances So Their Acquired Finances
Can Multiply And Earn More Finances.
SEVENTH
FINANCIAL PRINCIPLE
Allow Their Acquired Finances To Work Long Enough To Multiply So That It Will Hire Several Thousand Workers In The Form Of
Other Finance(s).