Archive for the ‘Finances’ Category

Larry Burkett in week three of his Money Map Coach discusses the dangers of debt. ”Each year more than one million individuals in our country file bankruptcy.” He quotes a Gallup Poll that indicates that couples who go through divorce named financial tension as part of the reason for that horrendous experience.

Larry defines debt as “Money that one person is obligated to pay to another.” Debt costs people in two ways: fiscal and physical. The example of a person owing $5,560 in credit card debt at 18% will cost that person $1,000 each year in interest. But there is a physical cost as well. The burden of debt enslaves the person causing stress and all of its accompanying physical issues. Larry refers to the bumper sticker: “I owe, I owe, it’s off to work I go” as a reminder.

Scripture does not say that debt is sin but Scripture discourages debt. For example, Proverbs 22:7 says, “The rich rules over the poor, And the borrower is servant to the lender.”

HOW TO GET OUT OF DEBT

1. Pray (see 2 Kings 4:1-7)

2. Establish a budget (A budget helps control the biggest budget buster: impulse spending)

3. List your assets—everything you own (Some of which can be sold to get out of debt)

4. List your liabilities—everything you owe (Also find out how much interest your creditors are charging for each debt)

5. Establish a debt repayment plan for each creditor (Focus on paying off smaller debts first or the debts with the highest interest)

6. Do not give up (The freedom of becoming debt free will be worth it all)

Larry Burkett in week three of his Money Map Coach discusses the dangers of debt. ”Each year more than one million individuals in our country file bankruptcy.” He quotes a Gallup Poll that indicates that couples who go through divorce named financial tension as part of the reason for that horrendous experience.

Larry defines debt as “Money that one person is obligated to pay to another.” Debt costs people in two ways: fiscal and physical. The example of a person owing $5,560 in credit card debt at 18% will cost that person $1,000 each year in interest. But there is a physical cost as well. The burden of debt enslaves the person causing stress and all of its accompanying physical issues. Larry refers to the bumper sticker: “I owe, I owe, it’s off to work I go” as a reminder.

Scripture does not say that debt is sin but Scripture discourages debt. For example, Proverbs 22:7 says, “The rich rules over the poor, And the borrower is servant to the lender.”

HOW TO GET OUT OF DEBT

1. Pray (see 2 Kings 4:1-7)

2. Establish a budget (A budget helps control the biggest budget buster: impulse spending)

3. List your assets—everything you own (Some of which can be sold to get out of debt)

4. List your liabilities—everything you owe (Also find out how much interest your creditors are charging for each debt)

5. Establish a debt repayment plan for each creditor (Focus on paying off smaller debts first or the debts with the highest interest)

6. Do not give up (The freedom of becoming debt free will be worth it all)

Did Larry Burkett teach a “Prosperity Gospel?” He writes in Money Map Coach, “These verses clearly teach that giving results in material increase.” Burkett also added, “When we give, we should do so with a sense of expectancy—anticipating the Lord to provide a material increase.”

This sounds similar to some of the Prosperity Gospel preachers. Time asked the question as their lead article, “Does God want you to be Rich?” The answer from the Prosperity preachers referenced was “Yes!” Those preachers included Joel Osteen, T. D. Jake, Creflo Dallas, and Kirbyjon Caldwell.

Time also quoted Rick Warren in strong disagreement saying, “This idea that God wants everybody to be wealthy?” he snorts. “There is a word for that balony. Its creating a false idol. You don’t measure your self-worth by your net worth.  I can show you millions of faithful followers of Christ who live in poverty. Why isn’t everyone in the church a millionaire?”

Christianity Today in reviewing the Time article quotes Frederick Haynes, pastor of Friendship West Baptist Church: “Black communities are suffering, while this properity pimping gospel is emotionally charging people who are watching their communities just literally dissolve.”

Burkett quotes Proverbs 11:24-25 as teaching an increase on earth for the believer who gives to the Lord.  There are two problems with quoting Proverbs. The first problem is that Proverbs are general principles that sometimes have exceptions rather than ironclad promises. See Proverbs 15:1 for an example. The greater problem is that Proverbs reflects the Old Testament economy of God’s blessings on Israel which were measured  materially, physically as well as spiritually. The emphasis of God’s blessings in the New Testament is spiritual (Ephesians 1:3).

The apostle, missionary, writer of Scripture, church planter, defender of the faith Paul died poor not prosperous. Need I say more. There is one major difference between what Larry Burkett taught and what Word of Faith preachers are teaching: Larry Burkett did not ride this pony to death while prosperity preachers obsess.

Do you think I have correctly evaluated Larry Burkett? Comment and let me know what you think.

Bernard Madoff swindled 65 billion dollars from retirees, friends, family, and celebrities like Steven Spiellberg. But as Cal Thomas observed, “It takes two to tango…People who otherwise exhibited intelligence in their business and personal affairs were seduced by the old get-rich-quick scheme that has suckered humanity of millennia.”  People could not resist the 15-20% yield on their investments with Madoff. His selfishness was fueled by the selfishness of his investors. The cure will be found in this post on giving generously instead of taking greedily.

In these posts, I am journeying and journalizing about finances. I want to mediate and journal on what the Scriptures say about financial matters in order to honor God in my stewardship. In chapter two of Money Map Coach from Crown Financial Ministries at Crown.org the subject of generous giving is discussed. In this chapter, Larry Burkett examines proper attitudes in giving and practical principles of giving. In this post, I will look at the first of two proper attitudes of generous giving found in Scripture. The two attitudes are love and joy.

This may shock you, but why we give is just as important to God as how much we give. God’s attitude of giving is seen in the giving of His Son because “God so loved the world” (John 3:16). Because God loves, He gives. If we love God and people, which is the first commandment (Matthew 22:37), then we will give. If we love ourselves instead of God and people, as Paul warned and Madoff lived, then we will be “lovers of money” (2 Timothy 3:1-2).

If we give without the attitude of love then as far God is concerned it is as if we did not give at all: “Though I bestow all my goods to feed the poor…and have not love, it profits me nothing” (1 Corinthians 13:3). An example of a lack of love in giving that drew a rebuke from Christ was the Pharisees: “Woe to you scribes and Pharisees, hypocrites! For you pay tithe of mint and anise and cumin, and have neglected the weightier matters of the law: justice and mercy and faith. These you ought to have done, without leaving the other undone” (Matthew 23:23). Jesus did not say, “Don’t tithe.” Jesus said, “Don’t tithe without love.” Am I giving because I love God with all my heart or because of guilt or a pharisical sense of spirituality?

How can we change our giving from mere legalistic adherence to a law to giving from our love for our Savior and God? By viewing our giving as to the Lord Himself. “For the tithes of the children of Israel, which they offer up as a heave offering to the Lord” (Numbers 18:24). After quoting this verse, Larry Burkett gives a great line: “If giving is merely to a church, a ministry, or a needy person, it is only charity. But if it is to the Lord, it becomes an act of worship. Because God is our creator, our Savior, and our faithful provider, we can express our gratefulness and love by giving our gifts to Him.”

My Prayer: “Father, the next time I place my tithes in the offering plate, remind me that this gift is to You, who purchased my salvation with the ultimate sacrifice of your Son, as my act of worship. In Jesus name, Amen.”

In our review of Crown Financial Ministries  at crown.org learned the first principle to financial freedom is “God is the owner of all.” The next principle is “We are managers of all God has entrusted with us.” As managers, our simple job description is faithfulness: “It is required in stewards, that a man be found faithful” (1 Corinthians 4:2). There are two elements of our stewardship or responsibility. The first element of our responsibility is to be faithful with what we are given whether little or much. How much we own is not the issue. Jesus taught this truth in the parable of the talents (Matthew 25:14-15). Whether we own 5 talents or 1 talent the issue is faithfulness with our responsibility. If we are faithful with little we will receive the same praise as those entrusted with much from the Owner, Controller, and Provider of all we possess: “Well done, good and faithful servant. You have been faithful over a few things, I will put you in charge of many things; enter into the joy of your master.”

 Not only are we to be faithful with what we possess whether small or great, but we are to be faithful with all we possess i.e., 100 % not just 10%. Does God only own 10% of the possession He has entrusted to us? No! He owns the total portfolio. If I tithe 10% of my paycheck at church on Sunday, can I stop on the way home from church at a convenient store and spend 90% on lottery tickets and please God?

 Principles of Faithfulness

There are valuable principles of faithfulness that can be learned from Jesus’ parable of the unjust steward or manager in Luke 16:1-12. First, we must be faithful with our possessions. If we do not wisely spend and invest the assets God has entrusted to us, like the squandering manager in the parable, we could lose our testimony for the Lord. Most of us know of churches that local businesses refuse to do business with because of their lack of integrity in paying bills. I know believers in these businesses who say it is almost impossible to witness to unsaved employees who know of delinquent churches.

According to Luke 16:10, we must be faithful in little responsibilities if we are to be entrusted with greater ministries. “How do you know if your son is going to take care of his first car? Observe how he cared for his bicycle…Hudson Taylor said, ‘Small things are small things, but faithfulness with a small thing is a big thing.’”

Lastly, we must be faithful with another’s possessions. The unjust manager was not (Luke 16:12). “Are you careless with your employer’s office supplies? When someone allows you to use something, are you careful to return it in good shape?” Joseph (Genesis 39) is the premier example of a faithful manager of someone’s possession whom God blessed because of his integrity. We may not possess equal talents, I.Q., personality, and gifts of another person, but we possess the same ability to be faithful and honor our Lord.

The Bible says a lot about money matters because money matters. There are more than 2350 verses in the Bible on money. Jesus spoke about money issues more than most other subjects. This information comes from Crown Financial Ministries at crown.org which was founded by the late Larry Burkett. I want to review and share financial principles from Crown’s material. Primarily, I will be reviewing Journey to Financial Freedom. I plan to  journey and journal what I learn and share with you. 

God is Owner of All

The first principle to learn on the road to financial freedom is “God owns everything and has made us His managers.” There are many verses that teach God’s ownership of everything. Psalm 24:1 says, “The earth is the Lords and all they that dwell therein.” God owns all the land (Leviticus 25:1). God owns all the precious metals in the land (Haggai 2:8). He owns everything because He created everything (Genesis 1:1). These verses are important because most people do not include God in their financial decision making or planning. The money we possess is not our money it is God’s money. So our prayer should not be, “Lord, how do you want me to spend my money?” But, “Lord, how do you want me to spend your money?”

God is Controller of All

God not only owns everything but He controls all He owns. “We adore you as being in control of everything” (1 Chronicles 29:11). That means He is in control of your circumstances which might include a job loss, reduce of pay or benefits or hours. Perhaps He has so directed so we will acknowledge Him as Owner and Provider and our only hope.

God is the Provider of All

God is the owner, controller, and provider of everything. In Matthew 6:33 Jesus promised, “Seek first the kingdom of God and all these things will be added to you.” When we put God first, He promises to supply our needs (Philippians 4:19). The poor Philippians believers who were on welfare (2 Corinthians 8-9) gave sacrificially to meet missionary Paul’s needs and God promised to meet their needs. This promise is not for those who are seeking  first “all these things” or those who are selfishly not giving to God’s work. For those who are putting the Kingdom of God over personal toys, God may supply our needs through the gifts of others, a new job, or better management of money by means of a budget. We should worship God who is Owner, Controller and Provider of all things by giving back to Him. In our next post we will examine our management of all that God has entrusted to us.