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Week 5 - FINANCIAL PLANNING |
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"Live for the line not the dot"
Randy Alcorn, The Treasure Principle
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This week's devotionals focus on God's vision for us: living out a financial plan that puts us in a stable financial position and results in peace. This road includes many challenges - hard work, good advisors, wise choices, and following a plan. I recommended that you work closely with a financial advisor.
Learn from the Master: Memory Verse
Proverbs 27:23
Be sure you know the condition of your flocks, give careful attention to your herds
In Proverbs, Solomon, the richest man to ever live, shares much of his wisdom on how to manage finances. He challenges us to ask advice, espouses hard work, expects a plan, and promises reward for sticking to your convictions!
These next devotionals are much more practical, so plan on spending whatever time you need in prayer so that you can get direction from God on carrying out the specific challenges.
Prayerfully, all of the devotionals in this series have led you to see God's plan, his will, his sovereignty and his belief that you can be a faithful steward of what he has entrusted you with.
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Day 34 : Snowball Your Debt |
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Proverbs 6:1-6
1 My son, if you have put up security for your neighbor, if you have struck hands in pledge for another,
2 if you have been trapped by what you said, ensnared by the words of your mouth,
3 then do this, my son, to free yourself, since you have fallen into your neighbor's hands: Go and humble yourself; press your plea with your neighbor!
4 Allow no sleep to your eyes, no slumber to your eyelids.
5 Free yourself, like a gazelle from the hand of the hunter, like a bird from the snare of the fowler.
6 Go to the ant, you sluggard; consider its ways and be wise!
My son, if you have put up security for your neighbor, if you have shaken hands in pledge for a stranger, you have been trapped Free yourself, like a gazelle from the hand of the hunter
A Gazelle is a small deer like animal that move fast, Dave Ramsey calls this "Gazelle intensity" - marketers hunt you and debt traps you, so you better run like a gazelle for your life!
Debt chokes the life out of your walk with God, your financial peace, your relationships, and your hope!
Follow a debt payment plan
- Stop buying anything you don't absolutely need - No major purchases until you are out of debt!
- Cut up your credit cards!
- Pay off your smallest balance first (gives you a sense of accomplishment) then your next smallest, etc. until all of your consumer debt is gone!
- Seek advice from your financial counselor, Dave Ramsey's materials, or another source.
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