Hey do you know where your animals are? Not just your dogs and cats but the Bible says you should know well the condition of your flocks and herds. No sheep or cattle, well then how about your checkbook? What the Bible is getting at is to be a wise and responsible manager of your possessions. Here with some thoughts on how to practically do that is Kingdom Advisors President and our host Rob West. 
<ul><li>Number one is that the first part of our income is to be given to God. Proverbs 3 reads, “Honor the Lord from your wealth and from the first of all your produce.” The principle of giving and tithing the first part of our increase still holds today.</li><li>Next, in Matthew 22, Jesus says, “Render unto Caesar the things that are Caesar’s and to God the things that are God’s.”
Do this with the right spirit. Don’t pay more than you have to, but also try not to do so grudgingly. Be happy God’s given you enough to pay taxes and then pray that our elected leaders will use the money wisely. </li><li>Next God tells us it’s our Family. In I Timothy 5 we see, “If anyone does not provide for his own, and especially for those of his household, he has denied the faith, and is worse than an unbeliever.” Providing for your family obviously includes food, clothing, housing, a savings account and even preparations for your children’s education. Husband and wife together as one flesh should have this as a priority, with each using their spiritual gifts and talents.</li><li>The fourth division is to Pay your debts. Psalm 37 says: “The wicked borrows and does not pay back, but the righteous is gracious and gives.” Paying your debts has to be a priority, not “if you can afford it.” Being in debt can affect your career, marriage, credit score, emotional well-being and even your witness for Christ.</li><li>Lastly, it is vital to create a surplus. And there are three reasons you have to do it. First, to meet the needs of others. In 2 Corinthians 8, the Apostle Paul encourages different churches to support each other in time of need. He writes, “At the present time your plenty will supply what they need, so that in turn their plenty will supply what you need.” Second, to provide flexibility for emergencies; Prov. 6 reads, “Look to the ant, she prepares her food in the summer, and gathers her provision in the harvest.” And the third reason for a surplus, to invest and multiply your assets. In Matthew 25, the Parable of the talents teaches us that a good and faithful steward manages his master’s money well in order to return it with interest.</li></ul>Here are some questions we answered from our callers on this program:
<ul><li>My wife lost her job and thus we lost our benefits. We are in our 60s. Where should we look for benefits?</li><li>My wife and I have never had to budget. We’ve received a large sum of money last year and are about to receive an inheritance. What is your advice on the best use of this money?</li><li>I m 73 years old and I have a mortgage. What is the best way to pay the rest of my mortgage off quickly?</li><li>I want to retire early. Will I get penalized on my pensions?</li></ul>Ask your questions at (800) 525-7000 or email them at <a href="mailto:questions@moneywise.org">questions@moneywise.org</a>. Visit our website at <a href="http://moneywise.org/">moneywise.org</a>
where you can connect with a MoneyWise Coach, purchase books, and even download free, helpful resources. Like and Follow us on Facebook at MoneyWise Media for videos and the very latest discussion! Remember that it’s your prayerful and financial support that keeps MoneyWise on the air. Help us continue this outreach by clicking the Donate tab at the top of the page.

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

The Bible says you should know well the condition of your "flocks and herds."  What the Bible is getting at is to be a wise and responsible manager of your possessions. Rob West is here with some thoughts on how to practically do that.

Five Divisions of Income

FaithFi | Sep 23, 2020

Show Notes

Where Faith Meets Finance

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