Financial Stewardship
What is arguably the most important first step you can take today to becoming financially healthy? This point is so important that if you were to continually defy it, there is no possible way you could become wealthy short of having the money given to you all at once.
Yet many people in North America practice this activity that is terrible for their financial health. It causes stress in nearly 100% of the cases. It has even been known to tear marriages apart. The only reason it is allowed to wreak havoc is simply because people don’t stand up to it and say, “Enough!” It is permitted to exist because it takes work to prevent it.
This epidemic that has been plaguing the world since Bible times is called “Spending more than you make.” So what is the cure for it? It starts with tracking your income and spending. Then you simply reduce your spending until it is less than your income. Almost surely this will require sacrifices in your current standard of life. It is possible you will have to cut off the cable bill, stop eating out, and even driving less. It could even mean getting rid of an extra vehicle. None of this will happen until you draw a line in the sand and say, “Enough!” If I don’t have the cash for it then I can’t afford it, no matter how much I want it.
This is a major shift in thinking from our consumer society. Our consumer society says, “Buy Now, Pay Later.” It is important to understand that this debt culture is driven not by the individual but by corporations. They want your cash even if you have to take out a loan to buy their must-have items. Corporations don’t care if you have enough money to live on when you retire. They don’t even care if you retire. They just want your money today. Why do they want your money? So they can invest it back into their business and make more money. That should be your goal: to invest the money yourself so that you can make more money from your money. That is good financial stewardship.
article by Jordan Arsenault
Visit Jordan's website -->HERE<--
Yet many people in North America practice this activity that is terrible for their financial health. It causes stress in nearly 100% of the cases. It has even been known to tear marriages apart. The only reason it is allowed to wreak havoc is simply because people don’t stand up to it and say, “Enough!” It is permitted to exist because it takes work to prevent it.
This epidemic that has been plaguing the world since Bible times is called “Spending more than you make.” So what is the cure for it? It starts with tracking your income and spending. Then you simply reduce your spending until it is less than your income. Almost surely this will require sacrifices in your current standard of life. It is possible you will have to cut off the cable bill, stop eating out, and even driving less. It could even mean getting rid of an extra vehicle. None of this will happen until you draw a line in the sand and say, “Enough!” If I don’t have the cash for it then I can’t afford it, no matter how much I want it.
This is a major shift in thinking from our consumer society. Our consumer society says, “Buy Now, Pay Later.” It is important to understand that this debt culture is driven not by the individual but by corporations. They want your cash even if you have to take out a loan to buy their must-have items. Corporations don’t care if you have enough money to live on when you retire. They don’t even care if you retire. They just want your money today. Why do they want your money? So they can invest it back into their business and make more money. That should be your goal: to invest the money yourself so that you can make more money from your money. That is good financial stewardship.
article by Jordan Arsenault
Visit Jordan's website -->HERE<--
