Your SlideShare is downloading. ×
Basic financial principles for the church
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×

Saving this for later?

Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime - even offline.

Text the download link to your phone

Standard text messaging rates apply

Basic financial principles for the church

244
views

Published on

Published in: Lifestyle, Spiritual

0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
244
On Slideshare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
10
Comments
0
Likes
0
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. 4/5/2014 1 Basic Financial Principles for the Church Developed for The Church at Tatesbrook for use in small groups
  • 2. 4/5/2014 2 Why Study Finances? • 1800 references to money in Bible • Financial problems are a factor in 80% of divorces. • How we handle money demonstrates our values to a lost world. • Desire for material possessions is large chain to the world.
  • 3. 4/5/2014 3 Resources Used for Study • The Word • Christian Authors – Larry Burkett – Russ Crossen – George Fooshee – Ron Blue – Austin Pryer – Howard Dayton • Experience • Periodicals 0 500,000 1,000,000 1,500,000 Bible Books Experience Periodicals Sentences
  • 4. 4/5/2014 4 Our Values to a Lost World • Selfishness -- Cooperation • Pride -- Humility • Self Control -- Impulsiveness • Trusting God -- Rebellion or Independence • Greed -- Generosity • Sacrifice -- Immediate Self-gratification • Kingdom Values -- Earthly Values • Order -- Disorder
  • 5. 4/5/2014 5 Different Spending Types 0% 20% 40% 60% 80% 100% Cheap Average Sloppy The Average Spender needs a budget
  • 6. 4/5/2014 6 Combatants or Companions  Go to Bed Late  Go to Bed Early  Always Littering  Always Cleaning  Terrible sense of direction  Always knows where they are  Spend  Invest  Never talks at parties  Never stops talking at parties
  • 7. 4/5/2014 7 DISC Personality Test • Dominant • Influencing • Steady • Conscientious 0 10 20 30 40 50 60 D I S C Husband Wife
  • 8. 4/5/2014 8 Five Basic Principles • God owns everything • Give to God cheerfully • Spend less than you make • Spend only on good things • Teach your children
  • 9. 4/5/2014 9 God Owns Everything • You must understand that God owns everything • Nothing is yours, Nothing is mine • Nothing is his, Nothing is hers • God’s plan for a family is to manage His assets
  • 10. 4/5/2014 10 The Earth is the Lord’s • I Corinthians 10:26 – For the earth is the Lord’s and all it contains • Psalm 24 – The earth is the Lord’s and all it contains, the world and those who dwell in it For He has founded it upon the seas, and established it upon the rivers
  • 11. 4/5/2014 11 God as the Owner • Garden of Eden - Genesis 1-3 • Vineyard - Matthew 20:1-16 • Landowner - Matthew 21:33 • Unrighteous Steward - Luke 16:1-13 • Nobleman - Luke 19:11-27
  • 12. 4/5/2014 12 Ownership Produces Greed • Greed is a dangerous tool of the devil • African Monkey Trap • Coon Trap • Hold things loosely
  • 13. 4/5/2014 13 Work for the Lord • Whatever you do, do your work heartily, as for the Lord rather than for men; knowing that from the Lord you will receive the reward of the inheritance. It is the Lord Christ whom you serve. Colossians 3:23-24
  • 14. 4/5/2014 14 God Owns the Following • Your Employer or Company • Your Insurance Company • Your Retirement Account Management company • Your Doctor, Dentist • Your Bank • Your Utility company • Your Boss • Your Waiter
  • 15. 4/5/2014 15 Problems with Insurance • Problems – Robbing from insurance companies • extra health care • car repair • would you do it if you had to pay? – Transfer of Trust • Ideas for Avoiding Problems – High Deductibles
  • 16. 4/5/2014 16 Transfer of Trust • And call upon Me in the day of trouble; I shall rescue you, and you will honor Me. Psalm 50:15 • Whom have I in heaven but Thee? Psalm 73:25 • For there was not a needy person among them, for all who were owners of land or houses would sell them and bring the proceeds of the sales, and lay them at the apostles’ feet; and they would be distributed to each, as any had need. Acts 4:34-35
  • 17. 4/5/2014 17 Life Insurance • Why? • How much? • Term Vs Whole
  • 18. 4/5/2014 18 Things
  • 19. 4/5/2014 19 Week 1: Questions • What is a steward? • Are you a spender or a hoarder? • What type of “DISC” personality are you? • What do you expect from this class? • What is a tithe? • How are you managing your best friend’s checking account? • Should you tithe on net or gross income?
  • 20. 4/5/2014 20 Week 1: Scripture • Matthew 6:33 • Proverbs 22:3 • Matthew 7:9-11 • Luke 16:10 • Colossians 3:23 • Psalm 50:10 • Psalm 50 • Psalm 24 • I Corinthians 10:26
  • 21. 4/5/2014 21 Five Basic Principles • God owns everything • Give to God cheerfully • Spend less than you make • Spend only on good things • Teach your children
  • 22. 4/5/2014 22 Give to God Cheerfully • Let each one do just as he has purposed in his heart; not grudgingly or under compulsion; for God loves a cheerful giver. II Corinthians 9:7
  • 23. 4/5/2014 23 Principle of the Cross • Its not what you get out of the deal that matters, its what others get out of the deal that matters. - Paraphrased from Bob Warren
  • 24. 4/5/2014 24 God’s Plan to Reach the Lost • Philippians 4 Nevertheless, you have done well to share with me in my affliction. You yourselves also know that at the first preaching of the gospel, after I left Macedonia, no church shared with me in the matter of giving and receiving but you alone; for even in Thessalonica you sent a gift more than once for my needs. Not that I seek the gift itself, but I seek for the profit which increases to your account. But I have received everything in full and have an abundance • Acts 2 And all those who had believed were together and had all things in common; and they began selling their property and possessions and were sharing them with all, as anyone might have need.
  • 25. 4/5/2014 25 Who is the Receiver? • The willingness to surrender to God a portion of what we have is the external evidence of an internal commitment. Larry Burkett • There is one who scatters, yet increases all the more, and there is one who withholds what is justly do, but it results only in want Proverbs 11:24
  • 26. 4/5/2014 26 No Guaranteed Results • He causes His sun to rise on the evil and the good, and sends rain to the righteous and the unrighteous. Matthew 5:45
  • 27. 4/5/2014 27 The Principle of Tithing • Based on a response to a relationship acknowledging our wonderful standing with our Heavenly Father • Accepting the place of respect and participation in God’s family which the Lord has given to us • Ten percent is nothing more than the beginning investment • Cultural African Baskets: – Tithes – Offerings – Special Gifts / Trades
  • 28. 4/5/2014 28 Cain’s Misunderstanding • Abel gave God what God wanted • Cain gave God what Cain wanted to give God • Cain was jealous of Abel because of God’s response to Abel’s gift • Cain hated Abel Genesis 4
  • 29. 4/5/2014 29 Steps to Trusting God • Give a tithe • Give an offering – Make a contract with God about future increases • Demonstrate to yourself and your family that you trust God
  • 30. 4/5/2014 30 Giving or Saving • Giving pays eternal dividends • Savings pays compounded interest • God can accomplish both – And God is able to make all grace abound to you, that always having all sufficiency in everything, you may have an abundance for every good deed; 2 Corinthians 9:8
  • 31. 4/5/2014 31 Giving or Spending Most people spend more on transportation than Kingdom work 2004 22% 30% 17% 4% 5% 3% 2% 6% 4% 4%3%0%0% Contributions Shelter Taxes Transportation Food Appearance Education Recreation Allowance Gifts Health Kids/Pets Work 1988 9% 19% 27% 21% 5% 2% 6% 2% 4%2%2%0%1% Contributions Shelter Taxes Transportation Food Appearance Education Recreation Allowance Gifts Health Kids/Pets Work
  • 32. 4/5/2014 32 Three Theologies Contrasted Poverty Prosperity Stewardship View of Prosperity Non- materialistic, disdain for possesions Prosperity is the reward of the righteous Possessions are a trust given in varying proportions In a word, possessions are: A Curse A Right A privilege Scriptural Reference Sell, give to poor (rich young ruler) Luke 18:18-22 Ask, seek, and knock Matthew 7:7,8 Parable of the talents Matthew 25:14-30 Mitigation In house of wise are stores of choice food and oil, but a foolish man devours all he has. Proverbs 21:20 Don’t wear yourself out to get rich. Proverbs 23:4,5 None Needs met by: “Carefree attitude”, don’t worry, seek kingdom first Matthew 6:25-34 “Transaction” tithe for a blessing Malachi 3:10 “Faithful administration” I Cor 4:2 Matthew 25:21,23 Concept Rejecter Owner Steward Attitude Toward Poor We are We owe We care Preoccupation Daily needs Money Wisdom Attitude Toward Possessions Carefree Proverb 3:5,6 Driven Proverbs 10:17 Faithful Luke 16:10, 11 Sound Mind Investing, Austin Pryor, March 2001
  • 33. 4/5/2014 33 Week 2: Questions • Can you live better with 100 cursed dollars than you would with 90 blessed dollars? • How can you give uncheerfully? • Should we tithe on our net or gross? • Does God really need our money? • How do you handle variable income?
  • 34. 4/5/2014 34 Week 2: Scripture • Malachi 3:8-12 • Proverbs 15:16 • Proverbs 3:9-10 • Proverbs 11:24 • Matthew 12:7 • Luke 11:42 • Philippians 4:14-18 • 2 Corinthians 9:6-8
  • 35. 4/5/2014 35 Five Basic Principles • God owns everything • Give to God cheerfully • Spend less than you make • Spend only on good things • Teach your children
  • 36. 4/5/2014 36 Spend Less Than You Make • Trust God to provide income. • Do not spend more than God provides. • Happiness is a positive cash flow. • The problem is always outgo, never income.
  • 37. 4/5/2014 37 Witness to the World • Lender is authority over borrower Proverbs 22:7 • Give honor to our authorities Romans 13:1 • Only the wicked borrow and do not repay Psalm 37:21
  • 38. 4/5/2014 38 The Debtor is a Slave 950 BC … The rich rule over the poor, and the borrower becomes the lender’s slave. Proverbs 22:7 30 AD … The lender was given authority to imprisonment, slavery and the confiscation of a borrower’s total worldy possessions 1920 … Abraham Johnson, white male, commended to debtor’s prison for a period of six years, or until the debt is resolved, for failure to pay the agreed-upon sum of $200 for a mule. Today ...
  • 39. 4/5/2014 39 Biblical Principles of Borrowing • Debt is not normal – Deuteronomy 28:1,12 • Do not accumulate long term debt – Deuteronomy 15:1-2 • Avoid Surety – Do not co-sign a loan for someone else – Make sure down payment will cover worst case depreciation – Do not use a credit card for any item that is not in your budget • Make an absolute commitment to repay
  • 40. 4/5/2014 40 “Me” Generation has weak definition of Commitment • When situations arise that make it difficult to repay a bill, it is acceptable to not pay it. • When a product does not perform to our expectations, we demand a refund, regardless of terms of purchase • When we commit to a job, we expect good pay, a guaranteed retirement program, promotion to just be matter of time, forty hours a week maximum, the last of each day to make the transition to home easier, a ten minute coffee break to last half an hour, a half hour lunch to last an hour and a half, and an equal share of the company profits • When an individual is not satisfied with a marriage, divorce is acceptable • When we can’t make ends meet, we go bankrupt. It must be OK, or the government would not let us do it. • Do “WE,ME” know how to commit to God?
  • 41. 4/5/2014 41 Common Reasons for Overspending • Ignorance - Proverbs 27:23 • Communication - I Peter 3:7 • Greed - Proverbs 13:18 – Impulse Buying
  • 42. 4/5/2014 42 Rules to Avoid Impulse Buys • Wait 30 days • Pray, Consult with small group • Compare prices at 3 other locations • Only consider one impulse item at a time • Never use credit card
  • 43. 4/5/2014 43 Financial Planning • Short Term Budget – spend less than you make • Long Term Budget – spend wiser – build surplus • Retirement – making surplus last
  • 44. 4/5/2014 44 Short Term Budget • Get out of Debt • Spend less than you make • Establish a surplus
  • 45. 4/5/2014 45 Long Term Budget • Many people think they have a budget, but in reality what they have is a detailed spending record • Keys to making it successful – Prayer – Communication • Daily • Yearly – Wise Counsel --- Accountability
  • 46. 4/5/2014 46 Keeping a Budget • You need good Records • Provides Financial Freedom – Fence around playground • Measurement of your financial plan • Allows you to learn from your mistakes
  • 47. 4/5/2014 47 Poor Excuses not too Budget • Ignorance • Laziness • Too much money – Sloppiness – Need “Value of Money” reference
  • 48. 4/5/2014 48 Testimonies of Budgeting • Able to work more efficiently • Surplus for family and the Lord’s work • Peace in our lives for the first time ever
  • 49. 4/5/2014 49 Budget Form Income Salary Monthly Budget Taxable Interest Other Taxable Income $0.00 Expenses Contributions $0.00 Malachi 3:6-12 Tithe $0.00 Giving Taxes $0.00 Romans 13:6-8 Federal Honesty, Itemize, Taxed deferred investments, FICA Budgeting for entire year instead of just tax time State Local Shelter $0.00 Exodus 20:17, Proverbs 24:27 Mortgage or rent Luke 6:46-49 Insurance Consider the long term debt -- budget for now and future Property taxes Do your own maintenance -- have friends over Electricity Live with parents Gas House sit Water Care for elderly Sanitation Financing Telephone Heat low (sweaters) Cool high (shorts) Maintenance Turn off the lights Improvements Furniture Food $0.00 Make a menu, it reduces eating out Groceries Make a list for shopping Restaurants Less spontaneous spending (junk food) Fewer trips to the store Less money for transportation Less spontaneous spending (junk food) Don't always buy name brand Use coupons (like nontaxable income) Pack Lunches (can save $80/month/person) Effective use of leftovers Gardening Don't shop while hungry (junk food)
  • 50. 4/5/2014 50 Week 3: Questions • Have you discussed your financial future? • Have you appointed a bookkeeper? • Can you balance a check book? • Have you memorized the five basic principles?
  • 51. 4/5/2014 51 Week 3: Scripture • Luke 16:10 • Luke 14:28 • Proverbs 24:3-4 • Proverbs 22:7 • Proverbs 15:22
  • 52. 4/5/2014 52 Five Basic Principles • God owns everything • Give to God cheerfully • Spend less than you make • Spend only on good things • Teach your children
  • 53. 4/5/2014 53 Good Things or Bad Things? • Now the deeds of the flesh are evident, which are immorality, impurity, sensuality, idolatry, sorcery, enmities, strife, jealousy, disputes, outbursts of anger, dissensions, factions, envying, drunkenness, carousing, and things like these, of which I forewarn you just as I have forewarned you that those who practice such things shall not inherit the kingdom of God. But the fruit of the spirit is love, joy, peace, patience, kindness, goodness, faithfulness, gentleness, self-control, against such things there is no law. Now those who belong to Christ Jesus have crucified the flesh with its passions and desires. If we live by the Spirit let us also walk by the Spirit. Let us not become boastful, challenging one another, envying one another. Galatians 5:19-26 • Finally, brethren, whatever is true, whatever is honorable, whatever is right, whatever is pure, whatever is lovely, whatever is of good repute, if there is any excellence and if anything worthy of praise, let your mind dwell on these things. The things you have learned and received and heard and seen in me, practice these things; and the God of peace shall be with you. Philippians 4:8-9
  • 54. 4/5/2014 54 Good Things for a Surplus • Rejoice, its God’s Intention II Chronicles 16:9, Psalm 37:4, Proverbs 8:21 • Further God’s Work Acts 4:34 • Family Responsibility I Timothy 5:8 • Save for Future Work – College cost I Timothy 6:17-19 – Funding for Mission Work – Time for Volunteer Work – Retirement
  • 55. 4/5/2014 55 Bad Things to Avoid (Rich Robbing from the Poor) • Credit Cards • Lottery • Gambling • Rent-A-Center • Home Equity Loans • Car Leases • Automatic Overdrafts • Cigarettes • Enhanced Cable / Satellite • Full Price Movies • Cell Phones ( any consumer gadget ) • There’s an app for that
  • 56. 4/5/2014 56 Handling Abundance and Need • But I rejoice in the Lord greatly, that now at last you have revived your concern for me; indeed, you were concerned before but you lacked opportunity, not that I speak from want, for I have learned to be content in whatever circumstances I am. I know how to get along with humble means, and I also know how to live in prosperity; in any and every circumstance I have learned the secret of being filled and going hungry, both of having abundance and suffering need. I can do all things through Him who strengthens me. Philippians 4:10-13 • And my God shall supply all your needs according to His riches in glory in Christ Jesus. Philippians 4:19
  • 57. 4/5/2014 57 Our Values to a Lost World • “What a believer does is not who he is, even though who he is has a tremendous impact on what he does” – Bob Warren • “Live simply so that others can simply live” – Tony Campolo
  • 58. 4/5/2014 58 Wise, Consistent Counsel Working for Kingdom • Insurance Agent • Real Estate Agent • Financial Consultant • Banker Interview them, let them know you are different from the world
  • 59. 4/5/2014 59 Danger Signs • Independent Spirit - Genesis 2:24 • Lack of Communication - Luke 14:28 • Unexplained Fatigue - Proverb 15:16 • Irresponsibility • Ostrich Imitation - Proverbs 15:19 • Religious Escape - Luke 16:12 – “Trust God to provide” – Bird in the field syndrome
  • 60. 4/5/2014 60 Danger Signs - Continued • Overcommitent - Psalm 127:2 • Indulgence - Proverbs 13:8 • Parent Loans - • Working Wife - Ecclesiastes 5:10 • No tithe - Malachi 3:10 • Income equals outgo - Proverbs 21:20
  • 61. 4/5/2014 61 Week 4: Questions • Are you supporting tools of the Devil? • Can God use the things you purchase? • How does a lost world view you as different? • Do you pray about your purchases?
  • 62. 4/5/2014 62 Week 4: Scripture • Luke 16: 10-11 • Daniel 3:17-18 • Proverbs 14:12 • Colossians 3:23
  • 63. 4/5/2014 63 Five Basic Principles • God owns everything • Give to God cheerfully • Spend less than you make • Spend only on good things • Teach your children
  • 64. 4/5/2014 64 Teach Your Children • Train up a child in the way he should go, even when he is old he will not depart from it. Proverbs 22:6
  • 65. 4/5/2014 65 Who are your children? • Paul, an apostle of Christ Jesus according to the commandment of God our Savior, and of Christ Jesus, who is our hope; to Timothy, my true child in the faith; Grace, mercy and peace from God the Father and Christ Jesus our Lord I Timothy 1:1-2 • My little children, I am writing these things to you that you may not sin. And if anyone sins, we have an Advocate with the Father, Jesus Christ the righteous. I John 2:1
  • 66. 4/5/2014 66 What are you teaching? • Your children are watching – Illusions of easy life based on debt – Money grows on trees – “Only the best” • Your children are listening – Arguments – Accusations, placements of blame
  • 67. 4/5/2014 67 Generational Degradation • In 1995, with credit, we tried to accumulate in a few years what our parents accumulated over 30 years while we were living with them. • In 2005, each child is subjected to 10,000 advertising messages every month, only 1,000 messages from a parent • In 2015, with credit, rent, embezzlement and theft, our children will try to accumulate immediately what we accumulated in the few years before they were born not pursue what we pursued.
  • 68. 4/5/2014 68 The “Value of Money” • Picking Potato bugs (Kevin) • Cleaning the barber shop (Kevin) • Negotiated Good Grade Payment (Michael) • Mowing grass (Henderson) • Sold Pet Rock for 10 cents (Dacian) • Lunch Money Surplus (Travis) • Selling Toothpicks (Matt) • Wrapping Packages (Kim)
  • 69. 4/5/2014 69 Jobs for Children • Pay only for jobs completed – clear definition of job – honor authority • Pay only for quality work – honor authority – do best possible job • Pay fair amount – Overpayment is disincentive for jobs outside the home • Visual reinforcement – Easier to understand – Long lasting impact
  • 70. 4/5/2014 70 Allowance • For even when we were with you, we used to give you this order: if anyone will not work, neither let him eat. II Thessalonians 3:10 • Reward extra effort – Different rewards for different children with different personalities – The hardworking farmer ought to be the first to receive his share of the crops II Timothy 2:6
  • 71. 4/5/2014 71 Age Appropriate Guidelines • Age 1 - 10 – Show them, Tell them, Teach them • Age 11 - 16 – Encourage them, test them • Age 17 - 21 – Pray for them, guide them to the correct career, counsel them wisely when asked
  • 72. 4/5/2014 72 Last Will and Testament • Distribute your Wealth • Communicate Values to Receiver • Communicate Values to those who take on your responsibilities
  • 73. 4/5/2014 73 Week 5: Questions • Can your children state your views? • Do they know you live like you talk? • Will your children try to accumulate in one year all the things you have accumulated in 25 years? • Will your children be able to be happy if they don’t have your income?
  • 74. 4/5/2014 74 Week 5: Scripture • Proverbs 22 • I John 2 • Proverbs 29 • Proverbs 3:12 • Proverbs 16:26
  • 75. 4/5/2014 75 Alumni Class of 2000 – Matt & Kim Hind – Gadis & Kelley Thomas – Chris & Jenny Bruner – Tony & Allie Lucas – April Fields – Bret Ledbetter Youth Class of 2002 – Bobby Leahy – Rene Leahy – Kristin Hosea – Whitney Fields – Chuck Horning – Josh Kheradmand – Katie Rogers – Courtney Moffitt – Gaddis & Kelley Thomas – Tammy Kheradmand Class of 2003 – Brian & Eileen Bietz – Josh & Kresta Wilson – Tim & Linda Scott – Brady Hudson – Rust Banton Class of 2005 - July – Michael & Joe Joe Harrington – Duane & Dacian Keaton – Travis & Sarah Westerfield – Tommie Martin Class of 2004 – Stu & Chris Schweitzer – Robin Potter Class of 2005 - Nov – Brian & Eileen Bietz – Bret Ledbetter – Tommie Martin Class of 2001 – Arthur & Lavina Kamentz – Mike & Lisa Brady Class of 2001 – Jonathan Slay Class of 2013 - September – Brenda Jones – Ellen Smith – Elaine Smith Class of 2011 - Feb – Paul & Tracy Barth – Kent & Amber Billingsley – Josh & Erin Covington – Ashyln Bruce