COMMITMENT TO BIBLICAL FINANCIAL PRINCIPLES:<ul><li>Success in various areas, including financial life, requires strong commitment and adherence to biblical principles.</li><li>Effort is required to attain financial objectives like saving, planning, paying off debt, giving, and living with integrity. This commitment offers peace, contentment, and joy.</li><li>Serving God with finances allows participation in his blessings and provides testimonies to inspire others.</li></ul> BIBLICAL EXAMPLES OF COMMITMENT:<ul><li>The Bible emphasizes commitment through examples in Hebrews 11, showcasing believers prioritizing their faith in God.</li><li>Jesus is the epitome of commitment, sacrificing himself for humanity. He signifies God's unwavering dedication to us.</li></ul> ROLE OF FAITH:<ul><li>Faith is crucial in financial commitment. Defined as “confidence in what we hope for and assurance about what we do not see”, it's vital for pleasing God (Hebrews 11:6).</li><li>God’s directions on financial actions are clear, and with faith, one can trust Him in both prosperous and challenging times.</li></ul> MASTERING MONEY MANAGEMENT:<ul><li>Matthew 6:24 highlights the dilemma of serving two masters: God and money. Commitment requires choosing God over money.</li><li>Evaluating priorities helps in identifying misplaced commitments. If financial worries dominate or there's an excessive focus on materialistic aspirations, it indicates a potential conflict in serving God wholeheartedly.</li></ul> BENEFITS OF COMMITMENT:<ul><li>Hebrews 10 emphasizes holding onto hope, highlighting God’s faithfulness. With perseverance, God's promises are realized.</li><li>Being part of the Christian community provides encouragement and support. Believers are urged to support each other with compassion, kindness, and humility, as stated in Colossians 3:12.</li></ul> WE’RE HERE TO HELP:If you’ve ever felt like giving up on that budget, or putting off your promise to give more, don’t worry.  We all have struggles. In fact, if everything was easy, we’d never get stronger. As part of the body of Christ with you, the community here at FaithFi is ready to walk beside you in your financial journey, with compassion, kindness, and humility. Most of all, we want you to discover how great it is to commit to following Jesus with everything – including your finances. On today’s program, Rob also answers listener questions: <ul><li>Should I consider the Roth option for my company's 403b now that it's available, given I've already been investing for 33 years?</li><li>As a 72-year-old, should I switch to Whole Life insurance or look for a new term life after the price of my current term life increased substantially?</li><li>With $15,000 in debt and a car that needs significant repairs, should I invest in fixing it or consider purchasing a new vehicle?</li><li>How should I best invest the $30,000 I received from asbestos exposure compensation after my mother's passing from cancer?</li><li>What investment strategy should I follow for the ongoing checks we receive from the compensation?</li><li>Given my financial situation at 24 with no debt, savings, and an emergency fund, should I buy the unit my landlord wants to sell to me, and how much should I put down?</li></ul> RESOURCES MENTIONED:<ul><li><a href="https://www.eventidefunds.com/">Eventide Funds </a> </li><li><a href="https://www.praxismutualfunds.com/">Praxis Funds</a></li><li><a href="https://www.inspireinvesting.com/">Inspire Investing</a></li><li><a href="https://www.guidestonefunds.com/">Guidestone Funds</a></li><li><a href="https://soundmindinvesting.org/">Sound Mind Investing</a>  </li></ul>Remember, you can call in to ask your questions most days at (800) 525-7000. Faith & Finance is also available on the <a href="https://www.moodyradio.org/programs/faith-and-finance/">Moody Radio Network</a> as well as <a href="https://afr.net/podcasts/faith-finance/">American Family Radio</a>. Visit our website at <a href="https://www.faithfi.com/">FaithFi.com</a>where you can join the FaithFi Community, <a href="https://faithfi.netviewshop.com/donate2">and give</a> as we expand our outreach.

FaithFi

Faith & Finance is a daily radio ministry hosted by Rob West. The program offers a practical, biblical and good-natured approach to managing your time, talents and resources.

Faith & Finance with Rob West

Staying in shape requires willpower. finishing a college degree involves determination. And achieving your professional goals takes a lot of hard work. In other words, success takes commitment. The same goes for your financial life. Today we’ll talk about what happens when you make a commitment to follow biblical financial principles.

The Cost and Blessing of Commitment

FaithFi: Faith & Finance | Oct 16, 2023

Show Notes

Where Faith Meets Finance

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