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Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
Spiritual Compatibility
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Spiritual Compatibility

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A workshop on Spiritual differences held at ROFC Soweto on. 212 November 2010

A workshop on Spiritual differences held at ROFC Soweto on. 212 November 2010

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  • 1. Prosperity And FinancialProsperity And Financial PrinciplesPrinciples Presented byPresented by MV KOTUMV KOTU
  • 2. DISCLAIMERDISCLAIMER  I am not aI am not a FINANCIALFINANCIAL AdvisorAdvisor  I am not anI am not an INVESTMENTINVESTMENT ExpertExpert  MyMy OPINIONSOPINIONS shared in this seminarshared in this seminar should be viewed as mere opinionsshould be viewed as mere opinions  Feel free toFeel free to DISAGREEDISAGREE with mewith me
  • 3. Results Of Survey Done at TFTResults Of Survey Done at TFT Reflecting Challenges in MarriagesReflecting Challenges in Marriages Communication – 38.27%Communication – 38.27% Finances – 29%Finances – 29% Spirituality – 28%Spirituality – 28% Children – 18.5%Children – 18.5% Neutrality – 16.04%Neutrality – 16.04% Sexual – 9.87%Sexual – 9.87%
  • 4. Instead of – Financial ProblemsInstead of – Financial Problems can we use – Lack of Propercan we use – Lack of Proper Communication in FinancesCommunication in Finances THE BIG QUESTIONTHE BIG QUESTION is it Possible that some couplesis it Possible that some couples use their Finances as a means ofuse their Finances as a means of communication in theircommunication in their MarriagesMarriages
  • 5. Different Views On Financial IssuesDifferent Views On Financial Issues QUESTIONQUESTION 11 Money is to be spentMoney is to be spent onlyonly whenwhen necessarynecessary --144144 Money is to beMoney is to be enjoyedenjoyed --138138
  • 6. Different Views On Financial IssuesDifferent Views On Financial Issues QUESTION 2QUESTION 2  Success is to be pursued by allSuccess is to be pursued by all legitimatelegitimate means -means - 124124  Success should not be pursuedSuccess should not be pursued at the expense of family tiesat the expense of family ties --123123
  • 7. Different Views On Financial IssuesDifferent Views On Financial Issues QUESTION 3QUESTION 3 Giving our Tithe as a familyGiving our Tithe as a family mustmust be done without fail -be done without fail - 161161 Giving our Tithe must only beGiving our Tithe must only be donedone afterafter we have paid ourwe have paid our expenses -expenses - 3030
  • 8. Different Views On Financial IssuesDifferent Views On Financial Issues QUESTION 4QUESTION 4 Food is anFood is an expressionexpression of givingof giving and love -and love - 161161 Food is for sustenance. Eat withFood is for sustenance. Eat with moderationmoderation -- 9999
  • 9. GETTING TO THE POINTGETTING TO THE POINT  These responses maybe symptomsThese responses maybe symptoms of real underlying issues orof real underlying issues or experiencesexperiences QUESTION TO ASK YOURSELFQUESTION TO ASK YOURSELF SO WHAT MAKES YOU TO VIEW THESESO WHAT MAKES YOU TO VIEW THESE ISSUES IN THIS LIGHT ?ISSUES IN THIS LIGHT ?
  • 10. SOME INFLUENCESSOME INFLUENCES  UPBRINGING / BACKGROUNDUPBRINGING / BACKGROUND  EDUCATIONEDUCATION  PERSONAL EXPERIENCESPERSONAL EXPERIENCES  FOCUSFOCUS
  • 11. MY HONEST PERSONALMY HONEST PERSONAL VIEWSVIEWS ON THE ABOVEON THE ABOVE
  • 12. ON BACKROUND OR UP BRINGINGON BACKROUND OR UP BRINGING You cannot expect your spouse toYou cannot expect your spouse to take part intake part in RESOLVINGRESOLVING your badyour bad past beyond reasonable BARRIERS.past beyond reasonable BARRIERS. They may NOT be trained for that.They may NOT be trained for that. So as you get them involved pleaseSo as you get them involved please remember that they have comeremember that they have come into this marriage for other thingsinto this marriage for other things
  • 13. ON EDUCATIONON EDUCATION It may be helpful to acknowledgeIt may be helpful to acknowledge that the Education you havethat the Education you have acquired does notacquired does not AUTOMATICALLYAUTOMATICALLY qualify you forqualify you for the same position in your family.the same position in your family. So please don’t overdo it!So please don’t overdo it!
  • 14. ON PERSONAL EXPERIENCESON PERSONAL EXPERIENCES Your personal experiences MAYYour personal experiences MAY have been results of YOURhave been results of YOUR personalpersonal AMBITIONSAMBITIONS And / or PersonalAnd / or Personal MISTAKESMISTAKES We need to find out what worksWe need to find out what works best in our Familybest in our Family
  • 15. ON FOCUSON FOCUS There areThere are TWOTWO types of Focus intypes of Focus in every Relationshipevery Relationship PERSONALPERSONAL Focus andFocus and MUTUALMUTUAL FocusFocus Therefore its impossible toTherefore its impossible to MANAGEMANAGE TWOTWO lives usinglives using personal focuspersonal focus
  • 16. HOW WE SEE MONEYHOW WE SEE MONEY  LIFESTYLELIFESTYLE – Getting what we– Getting what we WANTWANT  DEBT-DEBT- Getting what we CAN’T affordGetting what we CAN’T afford  SAVINGSAVING – Putting aside for the next week– Putting aside for the next week  GIVING –GIVING – Parting with what we don’tParting with what we don’t really needreally need
  • 17. THIS ATTITUDE SAYSTHIS ATTITUDE SAYS SATISFY YOURSELFSATISFY YOURSELF YOU WORKED HARD FOR ITYOU WORKED HARD FOR IT AFTER ALL THERE ARE NOAFTER ALL THERE ARE NO GUARANTEES IN LIFEGUARANTEES IN LIFE
  • 18. HOW GOD SEES MONEYHOW GOD SEES MONEY  GIVINGGIVING – Acknowledging our source– Acknowledging our source  SAVINGSAVING – Being responsible– Being responsible  LIFESTYLE –LIFESTYLE – A result of the above twoA result of the above two  DEBTDEBT – Enslaving and to Approached with– Enslaving and to Approached with wisdomwisdom
  • 19. PRINCIPLES OF PROSPERITYPRINCIPLES OF PROSPERITY FACTFACT:: WE LIVE IN AN ERA WHERE ANWE LIVE IN AN ERA WHERE AN AVERAGE WORKING PERSON,AVERAGE WORKING PERSON, WORLD WIDE IS ONLYWORLD WIDE IS ONLY 4 WEEKS4 WEEKS AWAY FROM BANKRUPTCYAWAY FROM BANKRUPTCY
  • 20. PRINCIPLE -1PRINCIPLE -1 IT ALL BELONGS TO GODIT ALL BELONGS TO GOD OR GOD OWNS IT ALLOR GOD OWNS IT ALL Matthew 6:32-33Matthew 6:32-33 -------------------------------------- This knowledge shall influenceThis knowledge shall influence our approach to Prosperityour approach to Prosperity
  • 21. PRINCIPLE - 2PRINCIPLE - 2 GIVING IS AGIVING IS A MUSTMUST IN THEIN THE WORLD OF PROSPERITYWORLD OF PROSPERITY Deuteronomy 8:18Deuteronomy 8:18 -------------------------------------------------------------- God’s Best idea for my familyGod’s Best idea for my family isis TotalTotal ProsperityProsperity
  • 22. PRINCIPLE - 3PRINCIPLE - 3 SAVESAVE FOR THEFOR THE FUTUREFUTURE ANDAND RAINY DAYSRAINY DAYS Proverbs 21:20Proverbs 21:20 ---------------------------------------------- The best time to save is startThe best time to save is start EARLYEARLY and be consistentand be consistent
  • 23. CAUTION!CAUTION! WHENWHEN we save let us also bewe save let us also be BALANCEDBALANCED and try to notand try to not concentrate solely on savingconcentrate solely on saving WEWE must BALANCE our saving withmust BALANCE our saving with ourour GIVINGGIVING and also remember toand also remember to live as COMFORTABLE as we canlive as COMFORTABLE as we can AFFORDAFFORD
  • 24. GODLY WAY OF HANDLING YOURGODLY WAY OF HANDLING YOUR FINANCESFINANCES  TheThe FIRSTFIRST cheque goes to GOD’S workcheque goes to GOD’S work  TheThe SECONDSECOND cheque goes into SAVINGcheque goes into SAVING  Then we canThen we can MANAGEMANAGE the restthe rest
  • 25. WHERE TO SAVEWHERE TO SAVE MY OWN OPINIONMY OWN OPINION  PROPERTYPROPERTY – especially– especially IMMOVABLEIMMOVABLE  Cash inCash in BANKBANK – at least 3 months of your– at least 3 months of your salarysalary  Retirement Annuity –Retirement Annuity – a MUST for thea MUST for the self employedself employed  Life Insurance –Life Insurance – in case you live long orin case you live long or DIEDIE before you get therebefore you get there  Burial CoverBurial Cover – Funerals are costly– Funerals are costly
  • 26. MY OWN OPINIONMY OWN OPINION  None of theNone of the CARSCARS parked outsideparked outside are investments.are investments.  THEREFORETHEREFORE we don’t invest in carswe don’t invest in cars  Clothes areClothes are DEFINITELYDEFINITELY not annot an investmentsinvestments  QUALITYQUALITY food is cheaper thanfood is cheaper than GOODGOOD foodfood
  • 27. CAR vs HOUSECAR vs HOUSE EXAMPLE 1EXAMPLE 1  AA R500,000R500,000 car is worth at leastcar is worth at least R300,000 afterR300,000 after 33 years –years – LossLoss R200kR200k  AA R500,000R500,000 HOUSEHOUSE is worth at leastis worth at least R600,000 afterR600,000 after 33 years – Increase R100kyears – Increase R100k  So yourSo your HOUSEHOUSE must at least be 2X themust at least be 2X the value of your car.value of your car.
  • 28. CAR vs HOUSECAR vs HOUSE EXAMPLE 2EXAMPLE 2 YEAR 1 - HOUSE:YEAR 1 - HOUSE: R1 MILLIONR1 MILLION CAR:CAR: R500,000R500,000 TOTALTOTAL R1,500.000R1,500.000 YEAR 3 - SAME HOUSE:YEAR 3 - SAME HOUSE: R1,250,000R1,250,000 SAME CAR:SAME CAR: R300,000R300,000 TOTALTOTAL: R1,550,000: R1,550,000 THIS DOES NOT TAKE INTO ACCOUNT THETHIS DOES NOT TAKE INTO ACCOUNT THE INSTALMENTS PAID ON BOTH. BUT WHAT YOUINSTALMENTS PAID ON BOTH. BUT WHAT YOU LOSE ON CAR YOU RECOVER ON PROPERTYLOSE ON CAR YOU RECOVER ON PROPERTY
  • 29. PRINCIPLE - 4PRINCIPLE - 4 AVOID ALLAVOID ALL AVOIDABLEAVOIDABLE DEBTSDEBTS FACTFACT: WE SPEND A THIRD: WE SPEND A THIRD MORE WHEN USINGMORE WHEN USING CREDITCREDIT CARDS THAN CASHCARDS THAN CASH ------------------------------------------------------------------ Proverbs 22:7Proverbs 22:7 ALL DEBT IS ENSLAVING, NOALL DEBT IS ENSLAVING, NO MATTER WHO YOU OWEMATTER WHO YOU OWE
  • 30. FACTS ON DEBTFACTS ON DEBT  DEBTDEBT can have a negative IMPACT on ourcan have a negative IMPACT on our relationshiprelationship  DebtDebt INCREASESINCREASES levels of stresslevels of stress  Debt causes Physical and EmotionalDebt causes Physical and Emotional FATIGUEFATIGUE  DebtDebt affects ouraffects our COMMUNICATIONCOMMUNICATION  DebtDebt affectsaffects SEXUALSEXUAL PerformancePerformance
  • 31. SMART OR NOT?SMART OR NOT? I call this The Jacob StrategyI call this The Jacob Strategy Genesis 30Genesis 30 Be as wise As SerpentsBe as wise As Serpents How you can use Banks to backHow you can use Banks to back you up using the same incomeyou up using the same income
  • 32. EG: Nett salary R20,000EG: Nett salary R20,000 Deposit R20,000 Into Bank A On the 25th Move R15,000 To bank B On the 27th Move R10,000 To Bank C On the 29th Total cash flow R45,000
  • 33. DISADVANTAGESDISADVANTAGES  YouYou loselose Some of the money duringSome of the money during TransfersTransfers  It requiresIt requires DisciplineDiscipline which otherswhich others don’t havedon’t have  It requiresIt requires consistencyconsistency Do it longerDo it longer than 6 Monthsthan 6 Months
  • 34. Advantage Of This MethodAdvantage Of This Method  You haveYou have 33 banks that know youbanks that know you  You haveYou have cashcash flow with all 3 banksflow with all 3 banks  It gives you MoreIt gives you More BorrowingBorrowing PowerPower  You can have 3 CreditYou can have 3 Credit cardscards  You can have 3You can have 3 OverdraftsOverdrafts  You can have 3 loans forYou can have 3 loans for projectsprojects
  • 35. WORTH CONSIDERINGWORTH CONSIDERING GEORGE FOOSHEEGEORGE FOOSHEE ““PeoplePeople BUYBUY things they don’t needthings they don’t need with money they don’twith money they don’t HAVEHAVE just tojust to IMPRESSIMPRESS People they don’t even like”People they don’t even like”
  • 36. CONTENTMENT THE CHIEF CURE FOR DEBTCONTENTMENT THE CHIEF CURE FOR DEBT 1 Timothy 6:6-71 Timothy 6:6-7  REALIZEREALIZE that just as God uses money tothat just as God uses money to enhance our lives satan also uses moneyenhance our lives satan also uses money to bind our livesto bind our lives  ThereforeTherefore ALWAYSALWAYS try to want what youtry to want what you already havealready have
  • 37. PRINCIPLE – 5PRINCIPLE – 5 Proverbs 17:18Proverbs 17:18  NEVERNEVER sign a co- debtor orsign a co- debtor or SURETYSURETY  Surety is just as good as the debtorSurety is just as good as the debtor  If youIf you becomebecome surety the creditor hassurety the creditor has a legal right to collect the debt from youa legal right to collect the debt from you  InIn casecase your co debtor can’t pay it’syour co debtor can’t pay it’s your debtyour debt  If you are married inIf you are married in COPCOP it becomesit becomes your spouse’s debt tooyour spouse’s debt too
  • 38. QUESTION!QUESTION!  ARE WE NOT SUPPOSED TOARE WE NOT SUPPOSED TO HELPHELP OTHERS ?OTHERS ? ANSWERANSWER  ASK THOSE WHO DID IT AND BURNTASK THOSE WHO DID IT AND BURNT THEIR FINGERS!THEIR FINGERS!
  • 39. ABOUT OUR PARENTSABOUT OUR PARENTS Repay your Parents and GrandRepay your Parents and Grand ParentsParents 1 Timothy 5:41 Timothy 5:4
  • 40. PRINCIPLE – 6PRINCIPLE – 6 Proverbs 24:3Proverbs 24:3  Develop a BudgetDevelop a Budget TOGETHERTOGETHER andand COMMITCOMMIT to itto it A budget is aA budget is a PLANPLAN ofof HOWHOW you are goingyou are going to pay off your debts andto pay off your debts and WHENWHEN you areyou are going to be free from themgoing to be free from them
  • 41. SPEAK TO A FINANCIAL ADVISORSPEAK TO A FINANCIAL ADVISOR  This may take you out of debtThis may take you out of debt soonersooner than you imaginedthan you imagined  You mayYou may discoverdiscover that you actually havethat you actually have resources to pay your debtsresources to pay your debts  Ask aboutAsk about CONSOLIDATIONCONSOLIDATION
  • 42. CONSIDER THESE WORDSCONSIDER THESE WORDS FROM GODFROM GOD  Joel 3:3Joel 3:3 Two cannot walk togetherTwo cannot walk together unless they agreeunless they agree  Deuteronomy 8:18Deuteronomy 8:18 I give you theI give you the power to create wealthpower to create wealth  3 John 23 John 2 That you may ProsperThat you may Prosper
  • 43. Next MeetingNext Meeting 21 November 201021 November 2010 MV KOTUMV KOTU http://montoedikotu.blogspot.com

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