Attitude Towards Money

 

My attitude towards money is that money is neither good nor bad, but a tool.  An important tool that provides our daily needs, and with an abundance allows us to help others in a variety of ways.  This could be with jobs, charitable giving, time to serve and many others.  Wielded correctly money can be an important tool for individuals, families and the church to fulfill their respective missions. 

I think it is important to note that an individual’s view of money can affect the way one lives.  If someone is materialistic then obtaining money could easily be the most important thing in life.  If someone is charitable, then obtaining money will be something that allows that individual to do more charitable work.  If someone is focused on building the Kingdom of God, then money could become a tool that provides more time to serve in the church.  I believe that an attitude towards the purpose of money will affect how it is used. 

In one of the readings this week, a very successful member of the church shared his formula for financial success.  He suggested that a series of bank accounts are set up.  The first is to pay yourself, for the future.  The second is to pay for your daily needs, he cautions to be frugal in this regard.  Next is a savings account that is used to save for future needs such as cars, home improvements, etc. this allows you to pay cash for large expenditures.  The next account is to save for fun events such as vacations or toys like boats or RV’s.  Final account is the Gold Account.  This account is invested and the proceeds kept there.  When the savings account has extra in it, it is moved to the gold account.  Then over time as the money is invested and reinvested the goal of this account is to be able to use the interest and dividends earned in the Gold Account to pay for daily needs.  When that can be accomplished, then you are financially independent. 

Money is an important tool that we can use to bless our lives and the lives of others, and when used wisely it can become the means of financial independence – a goal we should all be striving for. 

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