10
Key Financial Principles
Jesus talked more about money than He
did about prayer.
Give to God first.
Proverbs 3:9-10
How much did God give to you? (2 Cor. 8:9)
God accuses Israel of robbing Him. How? (Mal 3:8)
The average American gives about 2% to charity.
Learn to be a saver.
Proverbs 13:11
9 our of 10 families live paycheck to paycheck.
Learn to spend less
than you earn.
Proverbs
21:20
Most families spend
more (about 10%) than what they make.
Pro 20:11
In 95% of families, the majority of debt comes from the husband.
$1.00 a day saved for 40 years at 12% is $296,000. Yet consider the following:
25 percent of persons over age 65 must continue to work out of financial necessity. (Source: SS Administration)
Fewer men are worth $100 at age 68 than at age 18, after 50 years of hard
work. (Source: Dewey's Economic Table)
Total liquid assets of persons age 65 & over are approximately $4,000 per capita. (Source: National Council on Aging)
93 percent of the men age 65 who have failed financially said it was
because of a lack of a definite plan.
87% retire at poverty level of annual income.
Own
your home by age 65 or retirement.
Proverbs 23:3-4
Make mortgage payment every 4 weeks instead of each month and reduce 30 year mortgage down to 21 years.
Beware of automobile
cost.
Proverbs 22:7
Have an extra $400,000 when you retire by buying a car every 10 years instead of every 3 years.
Live to the glory of God.
1 Corinthians 10:31