Walking in God’s favor: The rich rule over the poor and the borrower is slave to the lender. Provider 22:7 NIV
Early to bed and early to rise, makes one healthy, wealthy and wise.
We have personally experience family and friends who have become really excited about opportunities that has enlightened their minds to the unlimited earning potential we enjoy here in America. We enjoy walking along side those individuals who have a plan, passion, and a purpose for becoming wealthy. We can be in the middle of a recession and they will continue to seek creative ways to realize their financial dreams.
Deciding to become a better steward of your wealth takes wisdom, diligence and prayer. If you seek the spiritual power that God gives to get wealth, you are going to have to think differently and make choices that will move you toward your financial destiny.
Get debt-free first, that’s what frees up your income so you can win.
You will be surprised to discover the profile of those who accumulate financial prosperity in America. According to Thomas J. Stanley & Williams D. Danko authors of the The Millionaire Next Door who researched Americans that have a net worth of a $1 million, or more.
Their findings are interesting. Usually the person is an entrepreneur, who has lived in the same city all their adult life. The own either a service company, small factory or chain of stores. They remain in a lifetime relationship and have married once. They live next door to people with a fraction of their wealth. They earned their money on they own and 80% are first generation rich.
Here are seven common traits found in people who successfully create wealth: ( Adapted from the The Millionaire Next Door)
1. The live well below their means.
2. They balance and integrated their time, energy and money efficiently in ways that create wealth.
3. The believe that financial independence in more important that displaying high social status.
4. Their parents did not give them their wealth.
5. Their adult children are economically self-sufficient.
6. They are good at finding and targeting marketing opportunities.
7. They chose the right occupation
Freedom from debt is worth more than any amount you can earn.
Jesse Jackson says in book It’s About Money, ” Income without wealth, is just flash without cash.” Always remember income is based on your paycheck and wealth is based on your assets. (what you own)
In closing I leave you with the words of King Solomon the riches man who ever lived on the planet. “Do not wear yourself out trying to get rich. Be wise enough to know when to quit. In the blink of an eye wealth disappears, for it will sprout wings and fly away like an eagle. ” Proverbs 23:4,5 (NLT)
Prayer of Blessings: Lord help us to become better stewards of our wealth.
Michael J. Vance is the co-host of the podcast Better Husband Father Man hub for all things; parenting, marriage, and self-improvement. He is a financial & benefit risk manager with Hundley Batts & Associates Insurance Agency and the president of the Alabama Independent Insurance Agents Association Ardella Vance volunteers her time, talents, and financial resources to causes she is passionate about. She is a gifted educator and a Master Guide in the International Pathfinder Club a global organization empowered to teach life and leadership skills to young people. The Vances have been married well over 3 decades and share their lives with four adult children and ten exceptional grandchildren. They currently reside in Huntsville, Alabama and blog from their workbook “Stewardship of Wealth”.