Psalm 24:1

The earth is the LORD’s, and everything in it,

the world, and all who live in it

Basic Principles

God own's it all so learn to manage for him

1 Tim 5:7-8

Give the people these instructions, so that no one may be open to blame. Anyone who does not provide for their relatives, and especially for their own household, has denied the faith and is worse than an unbeliever.

Basic Principles

God own's it all so learn to manage for him Care for your house

Deut 26:1-3

When you have entered the land the LORD your God is giving you as an inheritance and have taken possession of it and settled in it, take some of the firstfruits of all that you produce from the soil of the land the LORD your God is giving you and put them in a basket. Then go to the place the LORD your God will choose as a dwelling for his Name and say to the priest in office at the time, “I declare today to the LORD your God that I have come to the land the LORD swore to our ancestors to give us.”

Basic Principles

God own's it all so learn to manage for him Care for your house Care for God's house

Prov 21:20

The wise store up choice food and olive oil,

but fools gulp theirs down.

Basic Principles

God own's it all so learn to manage for him Care for your house Care for God's house Save

Ben and Arthur

Ben invests $2000/yr Ages 19-26

Arthur invests $2000/yr Ages 27-65

Same mutual fund

Ben Wins!

Ben invests $16,000 total Over $2 Million

Arthur invests $78,000 total $1.5 Million end

Where You Invest Matters

Mutual funds 12% interest rate 5yr Track record

Mythbusters

I will be responsible I will pay it off monthly Sophisticated people

lease cars Negotiators get good

deals on new cars I will help by a friend

by co-signing

Baby Steps

$1000 emergency fund Debt snowball 3-6mo emergency fund Save 15% (College Fund) Pay off your house Build wealth and give

Debt Snowball

Item Total Payoff Minimum Payment New Payment

JC Penny $150 $15 (Garage Sale)

Sears $250 $10 $25

Visa $500 $75 $100

MasterCard $1,500 $90 $190

Car $4,000 $210 $400

Student Loan $4,000 $65 $465

Types of Insurance

Life Disability Renters or Home Owners Auto and “Umbrella”

Emergency fund = Higher deductible = Low $$$