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Christian Personal Financial Planning Workshop 2012 - www.get-Truth.org

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What is the truth about money?

How can you strengthen your personal finances?

Kevin M Thomas is former banker with a degree in Finance from The Ohio State University and a four year Master’s Degree from Dallas Theological Seminary.

He wants to help you get your finances straight.

Published in: Economy & Finance, Business
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Christian Personal Financial Planning Workshop 2012 - www.get-Truth.org

  1. 1. Christian Financial Planning Workshop Saturday, January 21 st at 10 AM
  2. 2. <ul><li>Barnett Road Baptist Church </li></ul><ul><li>“ The Truth Church” </li></ul><ul><li>1500 Barnett Road </li></ul><ul><li>Columbus, OH 43227 </li></ul><ul><li>614.231.8320 </li></ul><ul><li>[email_address] </li></ul><ul><li>Get to the Truth! </li></ul>
  3. 3. Seek first the Kingdom of God! (Matthew 6:33)
  4. 4. <ul><li>God – Self - Others </li></ul><ul><li>29 Jesus answered, “The foremost is, ‘HEAR, O ISRAEL! THE LORD OUR GOD IS ONE LORD; </li></ul><ul><li>30 AND YOU SHALL LOVE THE LORD YOUR GOD WITH ALL YOUR HEART, AND WITH ALL YOUR SOUL, AND WITH ALL YOUR MIND, AND WITH ALL YOUR STRENGTH.’ </li></ul><ul><li>31 “The second is this, ‘YOU SHALL LOVE YOUR NEIGHBOR AS YOURSELF .’ There is no other commandment greater than these.” ( Mark 12:29–31) </li></ul>
  5. 7. Budgeting
  6. 9. <ul><li>Record... </li></ul><ul><li>Income </li></ul><ul><li>Expenses </li></ul>
  7. 10. <ul><li>Complete your monthly spending plan. </li></ul><ul><li>Identify two line items to improve. </li></ul>
  8. 11. Waste not! Want not! (Luke 15:13)
  9. 12. <ul><li>Compare car insurance rates annually. </li></ul><ul><li>When will you do this annually? </li></ul>
  10. 14. <ul><li>What are the state requirements for car insurance? </li></ul>
  11. 16. <ul><li>Do you have the right credit card? </li></ul>
  12. 17. The greatest in the Kingdom is the one who serves. (Matthew 23:11)
  13. 18. <ul><li>How can you increase your income? </li></ul><ul><li>Can you adjust your tax withholdings? </li></ul><ul><li>What will you do with the extra income? </li></ul>
  14. 21. <ul><li>What are some ways you can save money? </li></ul><ul><li>What will you do with the extra cash? </li></ul>
  15. 22. <ul><li>NAME SOME MONEY WASTERS </li></ul><ul><li>Overdraft fees </li></ul><ul><li>Late fees </li></ul><ul><li>Interest expense </li></ul><ul><li>Lottery tickets </li></ul><ul><li>Too many fast food stops </li></ul><ul><li>Others? </li></ul>
  16. 23. <ul><li>NAME SOME MONEY SAVERS </li></ul><ul><li>Coupons </li></ul><ul><li>Dining in instead of Carry out or Dining out </li></ul><ul><li>Thrift stores </li></ul><ul><li>Amazon, Half Priced Books, Library </li></ul><ul><li>Asking for lower interest rates </li></ul><ul><li>Transferring credit card balances </li></ul><ul><li>Others? </li></ul>
  17. 24. The borrower is the lender’s slave. (Proverbs 22:7)
  18. 25. <ul><li>Destructive Debt </li></ul><ul><li>(Dysfunctional Debt) </li></ul><ul><li>Your Value Drops </li></ul><ul><li>Gambling Debts </li></ul><ul><li>Cash Advances </li></ul><ul><li>Credit Cards </li></ul><ul><li>Auto Loans </li></ul><ul><li>Constructive Debt </li></ul><ul><li>(Productive Debt) </li></ul><ul><li>Your Value Climbs </li></ul><ul><li>Education </li></ul><ul><li>Business Leverage </li></ul><ul><li>Home </li></ul><ul><li>Investment </li></ul>Worst Bad Good Best
  19. 26. <ul><li>What kind of debts do you have? </li></ul><ul><li>Destructive </li></ul><ul><li>Constructive </li></ul>
  20. 27. <ul><li>What are your options if you have more expenses than income? </li></ul>
  21. 30. <ul><li>Complete the debt elimination worksheet. </li></ul><ul><li>What is your goal? </li></ul><ul><li>How often will you review and revise it? </li></ul>
  22. 31. Time vs. Risk Stock Market College Savings Plans Roth IRA
  23. 32. <ul><li>What is your risk aversion? </li></ul><ul><li>Time vs. Risk </li></ul>
  24. 33. <ul><li>Can the stock market make you rich? </li></ul><ul><li>What are the primary investments in the stock market? </li></ul><ul><li>Is a mutual fund a good investment tool? </li></ul>
  25. 34. <ul><li>Is owning your business a good investment? </li></ul><ul><li>Is real estate a good investment? </li></ul><ul><li>What is a good way to save for your child’s college expenses? </li></ul>
  26. 35. <ul><li>What is an IRA? </li></ul><ul><li>What is a Roth IRA? </li></ul><ul><li>What is a 401(k) or 403(b)? </li></ul><ul><li>WHAT’S NEXT? </li></ul>
  27. 36. <ul><li>Pastor Kevin M Thomas </li></ul><ul><li>Lady Jowanda Thomas </li></ul>

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