Tag Archives: Wealth Mindsets

Managing Your Money Rule #4: How To Develop A Giving Plan

Welcome back to our Managing Your Money series. Today is on Rule #4: Develop a Giving Plan.

“One life to give; one life to live.” That’s the life-motto of pastor I heard speak years ago who was imprisoned in the middle east and tortured for his faith. Just this morning I read where Jesus said “Any of you who does not give up everything he has cannot be my disciple.”

Those are hard words to hear, especially in the land of materialism. Yet I believe true financial freedom isn’t endless wealth, but rather, freedom from the control of money and posessions. It’s more about your heart than your bank account.

Giving is powerful regardless of your faith. but since my relationship with God is at the core of who I am, it just makes sense for me to start this post with His words on giving.

Proverbs 11:25: “A generous person will prosper; whoever refreshes others will be refreshed.”

Proverbs 28:27: “Those who give to the poor will lack nothing…”

Malachi 3:10: “Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.”

Luke 6:38: “Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.”

2 Corinthians 9:7: Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful giver.

How To Put Giving Into Practice

Here’s how Beth & I budget for giving.

1. Make giving a line item at the top of your budget. Allocate money for giving before anything else.

2. Start with giving 10% of your gross income. I know when you’re in debt that the last thing you have is “extra” money. But you have to have faith! There is a spiritual principle at work here. Read Luke 6:38 again: “with the measure you use, it will be measured to you.” If you wait to start giving until you have enough, you will never have enough. If you seriously can’t give 10%, at least start somewhere. Maybe it’s just 1% and you commit to grow this by a percentage point each month.

3.  Once you are out of debt, increase your percentage each month and see where it goes!

Giving Destroys Materialism

One life to live; one life to give. Jesus said to “store up for yourselves treasures in heaven…for where your treasure is, there your heart will be also.”

God isn’t against wealth or nice things. But we have to be very careful because “stuff” can quickly grow roots into our hearts. Every time you give something away, it is declaring that you trust God to be your provider and your source of joy and comfort, not your stuff.

Giving is very powerful. There’s a reason it’s a “rule” when it comes to managing your money. Either you will learn to manage money by giving it away, or you will learn that your money is managing you. There are no other alternatives.

Committed to your success,

-Wesley 

Comments: People have more questions about giving, as well as incredible testimonies, than most other topics. Please share!

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Make Excuses Or Make A Fortune: Your Choice (Pt.2)

Welcome back to DTL. If you missed part one, click here.

In part one, we shared why you can’t despise the rich and be rich, and we explained how making excuses is essentially handing over control of your life to someone else.

We’ll wrap this conversation up today by sharing how to respond to negative mindsets about wealth and how to kill your excuses.

How Do You Respond To Wealth?

How you view wealthy people will determine in part your level of wealth. I used to believe having wealth was wrong, at least for me. There was something pious about being poor. I was part of a culture that placed high honor on people who gave up wealth in order to serve the poor, and because of that I had a tendency to resist wealth, and I would feel guilty or unworthy when money did come my way. If you can relate, I highly recommend reading the T. Harv Eker book mentioned in part one. He get’s a little new agey for my taste, but overall it’s a great book all about our mindsets towards wealth.

One exercise in the book really exposed my inner beliefs. He was writing about how the way we view rich people will determine our ability to become rich. He ends the chapter by asking the reader to make the following declarations “I admire rich people! I bless rich people! I love rich people!” To be honest I couldn’t do it the first time. It just felt wrong to “bless rich people.”

But why? Why is it easy to bless poor people but not rich people? Does God love them less? It revealed an inner belief I had that equated wealth with something wrong. Not only is this thought not found in scripture, it is also not good for my personal economy. If wealth is bad I will resist having any.

How Do You Respond To Excuses?

The second issue in this post is that of excuses. Here’s my challenge to you: keep a small moleskin or notebook (that can easily fit in your pocket). Every time you catch yourself even thinking a negative thought write it down and replace it with truth.

For example, I did this a couple of years ago and at that time I read about a young girl (in her teens) who had created a website for teenage girls which someone had offered to buy for several million dollars. Her parents had helped her immensely through financial support and encouragement.

My first thought was “I would be successful too if my parents had loaned me that much and helped me start it.” Once I caught myself making the excuse, I wrote it in my journal. I then wrote “TRUTH: I have everything I need to be successful right now.”

It’s amazing how empowering it is to recognize your excuses and replace them with truth. The truth really will set you free. I challenge you to try this for just 7 days and you’ll be amazed at the results.

Committed to your success,

-Wesley

Please let us know what you think! We love to dialogue with our readers!

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Make Excuses Or Make A Fortune: Your Choice (Pt.1)

Never start your day by watching the news.

I learned that lesson this morning. Thanks to the upcoming election, everything was negative about the candidates. However, what got me fired up was when they started talking about taxes (my point is financial, not politics, so I’m leaving names & political parties out).

They showed clips of one of the candidates who is proposing higher taxes on the rich in order to help the middle and lower classes. I was fine until he used the word “selfish” referring to wealthy people. Of course, if you want an applause, go in front of a crowd of low income voters and talk about how the rich are “selfish” (nevermind the fact that the guy calling rich people selfish is a millionaire). To their own demise the crowd gave their applause. Let me explain.

Don’t Be Your Own Victim

This bothers me immensely because it promotes a victim mentality. It says, “I’m poor because you’re rich.” It’s a mentality that is common among people who do not have money. It’s just easier to blame others for our problems than it is to take responsibility for them ourselves.

In his best-selling book “Secrets of the Millionaire Mind” T. Harv Eker makes this statement: “You have to realize that if you view rich people as bad in any way, shape or form, and you want to be a good person, then you can never be rich. It’s impossible. How can you be something you despise?” He goes on to say that “resenting the rich is one of the surest ways to stay broke.”

If you ever want to become wealthy, you have to develop a healthy relationship with money and with those who have it. The bottom line is that when you blame others for your problems, you are giving control of your life away to someone else. Do you really want to do that?

Success is a Personal Issue

If you really want to be successful, you have to stop making excuses, even if they are legitimate.  The minute you let something external determine your level of success is the minute you won’t have any. I’m serious. You’d be amazed at how much we limit ourselves by making excuses. Let me give you a personal example that just happened to me.

On Sunday night Beth & I were watching ABC’s Extreme Makeover Weight Loss Edition. In one year this wonderful lady lost over 160 pounds, and overcame incredible odds to reach her goal, including a very dysfunctional family. I’ve been carrying around an extra 30 pounds for several years now, so I knew immediately that if she could do it, then I no longer had any excuse. So here I am on Sunday night all motivated to lose weight, and BAM! On Monday while playing with Macey I broke my toe! (I wish I was making this up).

Is a broken toe a legitimate reason to not exercise? Of course it is!

But, if I allow myself to be the victim, then I’m giving control of my life over to a negative circumstance that happened to me. In reality, a broken toe will limit me but it cannot stop me. It may make it difficult, but it does not make it impossible! With a little creativity (such as swimming instead of running, only doing upper body workouts for a while, etc) it doesn’t even need to slow down my progress.

So how do YOU view the wealthy? What is your response to excuses? Stay tuned for our next post where I share two powerful exercises which will set you free from excuses.

Committed to your success,

-Wesley

P.S. Please leave us a comment! What are some excuses you’ve been tempted to make recently?

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