Pastor Kris Freeman
The rich rule over the poor, and the borrower is servant to the lender. Proverbs 22:7
One man pretends to be rich, yet has nothing.... Proverbs 13:7
1) EMBRACE THE VALUE OF SELF-CONTROL.
Like a city whose walls are broken down is a man who lacks self-control. Proverbs 25:28
Learn to say no for a little while say yes for rest of life.
Live like no one else—live like no one else!
2) EMBRACE THE VALUE OF SACRIFICE.
Let us fix our eyes on Jesus, the author and perfecter of our faith, who for the joy set before him endured the cross… Hebrews 12:2
Giving up something we love for something we love even more!
If you pay $217.93 per month on $14,517 at 18%, it will take 40 years to pay off debt (totaling $104,606.40).
If you invest $14,517 at 12% for 40 years = $1,350,820.94.
If you invest $14,517 and add $217.93 per month at 12% over 40 years = 3,597,615.75
“But no one gets 12 percent interest!”
ZERO savings times any interest rate is still __________ !! (ZERO)
3) EMBRACE THE VALUE OF PLANNING.
“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” Luke 14:28
The plans of the diligent lead to profit as surely as haste leads to poverty. Proverbs 21:5
You can wander into debt, but you won’t wander out.
THE FIRST TWO BABY STEPS
1) SAVE $1000 FOR EMERGENCIES.
Things will break: Ball window, appliances, car
Sell stuff, 2nd job, Ramen noodles, Clip Coupons!
2) DO THE DEBT SNOWBALL.
Payoff paying minimum payments = 120 months.
Debt snowball payoff = 21 months. (Difference of 99 months)
Additional $1110 invested at 8% for 99 months = $153,992.30.
Free yourself, like a gazelle from the hand of the hunter… Prov 6:5
Don’t care what anyone else thinks. Goal—vision.
Godly man leaves an inheritance for his children’s children.
Get gazelle intensity.
Pray before you pay
Under $100 pray for 1 day.
$100-1,000 pray for 1 week.
Over $1,000 pray for 1 month.
A lifetime of decisions takes a lifetime of _____________ . (PRAYER)