Setting Goals for Your Life

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3. The Overall Principle:
Every financial
decision we make is
a spiritual decision.
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4. Commonsense Financial Principles
I. DIVISION of Funds
II. DECISION of Lifestyle
III. DIRECTION for the Future
Controlling Lifestyle Choices
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5. The Main Point:
Principle #3
God can reveal His will for us
and give us direction through
the goal-setting process.
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6. Setting Goals
3% averaged 10x more income than remaining 97%
Written Goals
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7. I. Setting God-Given Goals
 What is a “God-given” goal?
Proverbs 16:1-3
Hebrews 11: 6
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8. I. Setting God-Given Goals
  How do“God-given” goal?
What is a you get started?
Proverbs 16:1-3
Hebrews 11: 6
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9. I. Setting God-Given Goals
How do you get started?
 Spend time with God
 Write down your impressions
 Begin with “I believe God would have me . . “
 Make those impressions measurable
 Take Steps
Isaiah 43:18-19a
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10. I. Setting God-Given Goals
 Genesis 18: 14
 Ephesians 3: 20
 Ephesians 5: 15-17
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11. I. Setting God-Given Goals
Diagnostic questions to ask:
 What would God think?
 What does my spouse think?
 What is the motive?
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12. I. Setting God-Given Goals
Questions for short-term goals:
 What are my 6-12 month concerns?
 What about my giving, living expenses,
and lifestyle choices?
 Do I have peace regarding my ST decisions?
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13. I. Setting God-Given Goals
Questions for long-term goals:
 Potential long-term concerns?
 Have I addressed my spouses concerns?
 Am I comfortable with my debt level?
 Am I making progress toward my goals?
 Do I have peace about my LT decisions?
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14. I. Setting God-Given Goals
Mistakes to Avoid:
#1 Not setting goals at all.
#2 Goal incongruity.
#3 Setting non-quantified goals.
#4 Setting goals based on fear rather than faith.
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15. II. Making Good Financial Decisions
Goal Setting
Decision Making
Cash Flow Mgt.
Wealth Transfer
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16. II. Making Good Financial Decisions
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17. II. Making Good Financial Decisions
Three Mistakes in Decision Making:
#1 Making a decision intuitively – gut feeling.
#2 Input from too many friends.
#3 Focusing on only 2 alternatives
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18. .

19. The 3 D’s of . . .
Financial Principles
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20. Commonsense Financial Principles
DIVISION of Funds
DECISION of Lifestyle
DIRECTION for the Future
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21. I. Division of Funds
A) Five Uses of Money
Giving Taxes
Debt payments
Lifestyle choices
Savings/Investments
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22. l
ca n
p i io
T y is INCOME
iv
D
Lifestyle choices
Taxes
Debt payments
Cash Flow Deficit
More debt
Less Giving
No Funding of LT Goals

23. r
te on
et si
B i
D
iv INCOME
Giving
Taxes
Debt payments
Net Spendable Income
Lifestyle choices
Saving
Funding of LT Goals

24. I. Division of Funds
B) What does Scripture say?
1) Give to God (Prov. 3: 9; 1Cor 16: 1-2)
2) Pay taxes (Rom 13: 7, Matt 22: 21)
3) Pay debts (Ps 37: 21, Rom 13: 8)
Net Spendable Income
4) Provide for family (1 Tim 5: 8)
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25. II. Decisions of Lifestyle
A) How do we reign in lifestyle choices?
1) Spend less than we earn.
2) Avoid the use of debt.
3) Maintain liquidity (emergency savings)
4) Set long-term goals
5) Believe God owns it all
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26. II. Decisions of Lifestyle
B) What heart principles should we apply?
1) Seek direction from God (Prov 3: 5-6)
2) Learn to be content (Phil. 4: 11)
3) Avoid coveting (Exodus 20: 17)
4) Do not compare with others (1Jn 2: 16)
5) Enjoy what He has provided. ( 1 Tim 4: 4)
6) Simplify your life ( 1 Thes. 4: 11-12)
7) Do not conform to this world ( Rom 12: 2)
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27. Commonsense Financial Principles
I. DIVISION of Funds
II. DECISION of Lifestyle
III. DIRECTION for the Future
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28. I. DIVISION of Funds
II. DECISION of Lifestyle
III. DIRECTION for the Future
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29. III. DIRECTION for the Future
Luke 14: 28
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30. III. DIRECTION for the Future
• What are some
long term goals?
Lifestyle
Choices
Lifestyle Lifestyle
Choices Choices
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31. III. DIRECTION for the Future
B) How do you plan
for the future?
Responder vs Planner
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32. III. DIRECTION for the Future
C) How much is enough?
Accumulate or Desire Less
Proverbs 13: 11
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33. III. DIRECTION for the Future
Verses to remember:
Psalm 127: 1-2
Proverbs 23: 4-5
Luke 12: 48
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35. .

36. III. God is the Benefactor
Key to contentment in finances:
It is not the amount of
money you make, but
rather a willingness to
live within that amount.
1Timothy 6: 10
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