So I attended the service on Kingdom finance principles at the waterbrook church and I must say it was an eye-opener. The cherry on top for me is the fact that most churches in Nigeria will hardly tell you how to plan, save and budget to ensure that you do not run into financial quagmire. What we are used to is long sermons on “dangerous giving” and the sowing of “earth-shattering” seeds. But how to work and organize your personal finances smartly so that you can have money to give? Nobody seems to be ready to tell us that.
So I was naturally fascinated when Femi Edun talked extensively and answered questions about how important it is for us to save and invest wisely. Check out the following tips from the service:
- In Luke Chapter 12, the story of “the rich fool” is not an illustration meant to teach us not to save, but an illustration to teach us that we should not depend on what we have saved, but on God who gave the resources in the first place. While we save money, we are not supposed to trust in money but in God.
- Treasurers for God do not store for themselves, but they distribute the wealth for God. Which one are you? When you save and invest wisely, you are able to build wealth and use it to further the course of the gospel.
- Your ability to give in the long term is determined by your ability to save.
- One of the best kept secret of money is the time value of money; ability for money to earn interest with time
- Because of the compound nature of money, it grows with time, if you exercise discipline
- Proverbs 11:24 : One person gives freely, yet gains even more; another withholds unduly, but comes to poverty. It is wise to know there is a certain amount that is meant to be set aside for savings and some should also be given out to help the needy. Don’t be stingy.
- Savings is not about how much you make, it’s about discipline. If you don’t have the discipline to save when you are earning 10,000, you won’t save when you earn a million.
- Making sensible decisions about money requires us getting some training. Learn from people who have financial experience, read books and ask for help where you can.
- We should realize that we are caretakers for God’s resources. A revelation of this, will change our attitudes towards money.
- Know that The joy of giving and changing lives is a lot more fun than hoarding wealth
- God wants us to make sensible financial decisions.
- Savings is not what you do because its convenient, but you do it because it’s necessary
- Should Christians borrow money? – Please do it by revelation. Do not borrow to live a lifestyle you cannot afford. Do not borrow money to buy cars, clothes, fund a wedding or for non-business related needs. And avoid buying anything on credit.
- Note that Giving that allows the recipient to himself become a giver is a higher form of giving.
Finally, Luke 16:10 (NIV)
“Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.