A Success Plan for Your Personal Relationship with Money
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A Success Plan for Your Personal Relationship with Money originally created for HARMONYchurch/atlanta www.harmonychurchatlanta.org
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A Success Plan for Your Personal Relationship with Money
- 1. by Vincent L. Rogers
- 2. Money and Your Pursuit of Happiness “There are two ways of being happy: We may either diminish our wants or augment our means — either will do — the result is the same; and it is for each man to decide for himself, and do that which happens to be the easier. But if you are wise, you will do both at the same time, young or old, rich or poor, sick or well; and if you are very wise you will do both in such a way as to augment the general happiness of society.” ~ Benjamin Franklin
- 3. Defining Your Relationship with Money
- 4. Your Money Relationship Type – What is Your Money Relationship Style????
- 5. The Player – You Have a Casual Relationship with Money
- 6. The Friend – You Want More from Your Relationship with Money
- 7. The Companion - You Invest in Your Relationship with Money
- 8. The Partner – You are Committed to Making Your Relationship with Money Work
- 9. Your Money Relationship History – What is Your Money Relationship Track Record????
- 10. Sources of Income Earning it - • Earned Income (Work) • Portfolio Income (Investments) • Passive Income (Rents, Royalties, Dividends...)
- 11. Uses of Income • Spending it (In the Red) • Saving it (In the Black) • Investing it (Going for the Gold) • Managing it (Spending less; Saving More; Investing Smart; Creating Multiple Streams of Income)
- 12. Your Money Relationship Priorities What Are Your Future Intentions With Your Money????
- 13. What Are Priorities???? Priorities is the plural of pri·or·i·ty (Noun) • A thing that is regarded as more important than another. • The fact or condition of being regarded or treated as more important.
- 14. Negative Priorities Having Negative Priorities means putting things that may make life easier before things that make life more fulfilling.
- 15. Positive Priorities Having Positive Priorities means putting things that make life more fulfilling before things that just make life easier.
- 16. Needs vs. Wants
- 17. Creating Your Priority Budget
- 18. Video - Don’t Buy Stuff You Can’t Afford
- 19. Get Up, Get Out and Get Something!!!! “Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then providence moves too.” ~ W.H. Murray
- 20. Video - You want something. Go get it. Period!!!!
- 21. The 5 Stair Steps…. What are 5 the Steps to Transforming Your Relationship with Money????
- 22. Step 1) Taking Initiative – Proceed and Be Bold!!!! “So I say to you: Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.” ~ Luke 11:9
- 23. Step 2) Ending Materialism – Transforming Your Relationship with Things “For all that is in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world.” ~ 1 John 2:16
- 24. Step 3) Relieving Debt – Transforming Your Relationship with Credit “The rich ruleth over the poor, and the borrower is servant to the lender.” ~ Proverbs 22:7
- 25. Step 4) Financial Integrity – To Tell the Truth “Whoever walks in integrity walks securely, but he who makes his ways crooked will be found out.” ~ Proverbs 10:9
- 26. Step 5) Start Budgeting – Understanding Assets vs. Liabilities “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?” ~ Luke 14:28
- 27. Brought to You by: Vince Rogers & Associates, LLC Resource Managers & Communication Consultants Vince Rogers and Associates works with businesses, non-profits and high achieving individuals to formulate winning "Success Plans" for reaching their desired destinations. Essentially we help for-profit and non-profit enterprises optimize their productivity by strategically managing their financial and non-financial resources.
- 28. by Vincent L. Rogers
- 29. Budgeting Considerations for Your Personal Finance Success Plan
- 30. The Importance of Having a Plan “You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place.” ~ Gordon Gekko (from the film “Wall Street”)
- 31. Video - Theo's Budget:
- 32. Everything is Negotiable…. Let’s Make a Deal!!!!
- 34. Transportation Expenses Automobile Maintenance Automobile Insurance
- 35. Insurance Health Insurance Life Insurance
- 37. Personal Liabilities Credit Cards Taxes Loans
- 38. Avoiding the Seven Deadly Sins of Money
- 39. We Must Become Financial “Don’t copy the behavior and customs of this world, but let God transform you into a new person by changing the way you think. Then you will learn to know God’s will for you, which is good and pleasing and perfect”. ~ Romans 12:2
- 40. Money Pride Does your relationship with money interfere with your Spiritual relationship????
- 41. Money Envy Do you want more money just to impress other people????
- 42. Money Gluttony Do you want more money just to buy more things you don’t need????
- 43. Money Lust Do you want more money to satisfy your lustful appetites or to fulfill your higher aspirations????
- 44. Money Anger Does not having enough money motivate you or make you angry????
- 45. Money Greed Do you want more money just to horde it or put it to work???
- 46. Money Sloth Are you working smart enough to have the kind of money you want????
- 47. Brought to You by: Vince Rogers & Associates, LLC Resource Managers & Communication Consultants Vince Rogers and Associates works with businesses, non-profits and high achieving individuals to formulate winning "Success Plans" for reaching their desired destinations. Essentially we help for-profit and non-profit enterprises optimize their productivity by strategically managing their financial and non-financial resources.
Editor's Notes
- Welcome to A Success Plan for Your Personal Relationship with Money Thank you to Harmony Church for allowing us to share this message with you this evening….
- Basically, this quote is saying that you can be happy without having to spend more money on stuff that you don’t need, while pursuing your purpose in life and the world will also be a better place to live. What could be simpler – What could be better????
- Are you Managing your Relationship with Money, or are you Waiting for a Miracle????
- Essentially, there are (4) Money Relationship Styles.
- You’re a Player. Basically, you spend every penny you can on having a ball – I think the young people call this “Ballin’”.
- You find yourself forever in the “Friend Zone” You’re nice to your money – you pay your bills and you may even have a little left over, but at the end of the day you want more from your relationship with money.
- You’re Good to your Money. You save when you can and maybe even invest a little, but you’re still not totally “Committed” to “Managing” your Relationship with Money.
- You are committed to managing your money. You’re creating assets and multiple streams of income while shedding liabilities and ending your servitude to debt.
- I want everybody to just think about how you’ve earned and spent your money in the past, while we talk about the different ways that people can earn and spend money.
- Explain the (3) different ways that you can earn money.
- You’re Managing your Money when you’re Spending Less; Saving More; Investing Smart and Creating Multiple Streams of Income.
- Now you’ve had some time to think about how you’ve earned and spent your money in the past. Now are You Committed to Transforming Your Relationship with Money in the future????
- Priorities - Source: Wikipedia - Merriam-Webster - The Free Dictionary
- Having Negative Priorities means putting things that may make life easier before things that make life more fulfilling.
- Having Positive Priorities means putting things that that make life more fulfilling before things that just make life easier.
- Just to illustrate how priorities can be organized, this is a very widely used model for prioritizing needs named Maslow's Hierarchy of Needs
- Before you can create and stick to a financial budget – which is very important, you need to create a “Priorities Budget” to determine what is most important to you.
- Now if you don’t take anything else from what we’ve talked about so far – please remember this one thing: Don’t Buy Stuff You Can’t Afford Let’s watch this short video that talks a little more about this topic.
- Read all Three Statements - Translation: Just get going – everything else will take care of itself.
- This video taken from the film “ The Pursuit of Happyness ” will hopefully reinforce the previous statement(s).
- So what are the 5 Steps to Transforming Your Relationship with Money????
- Dr. Martin Luther King, Jr. once said that “Faith is taking the first step even when you don't see the whole staircase.” In the Holy Bible - Luke 11:9 says….
- In 1 John 2:16 the Holy Bible says that….things keep us tied to the world and further away from God. What things are keeping you tied to the world and further away from living the life that you want to live????
- W.E.B DuBois once said that “To whom you give your money, you give your power." Proverbs 22:7 stated it another way…. – it essentially says that you are a slave to whoever you owe money too.
- We have to stop lying to ourselves about our relationship with money. Why???? Because Proverbs 10:9 says that ….
- If you don’t have a budget to keep track of what’s coming in and what’s going out, you’ll never have a clear picture of what you need to do, to go where you want to go – Your budget is your compass to finding the way to your financial destination. We’ll discuss some specifics of budgeting in the next section.
- This concludes parts A&B of A Success Plan for Your Personal Relationship with Money Brought to You by: Vince Rogers & Associates Please contact us to formulate a winning "Success Plan" for your business or non-profit organization.
- Welcome to A Success Plan for Your Personal Relationship with Money Thank you to Harmony Church for allowing us to share this message with you this evening….
- Your budget is the first tool you need to create a strategy for transforming your relationship with money.
- In order to achieve your financial goals, you need to have an organized strategy for transforming your ambitions into a series of purposeful actions.
- Let’s watch a short video that illustrates how it’s never too early or too late to learn the importance of having a budget.
- Whether it’s a lower price, a better rate, a shorter term or a budget billing plan for your utilities – Everything is negotiable, but you have to ask for it.
- Insurance coverage, not stocks and bonds are the foundation of a sound financial plan. Unexpected healthcare costs can wipe out savings quicker than almost any other expenses. Uncovered expenses due to inadequate life insurance can wipe out any inheritance you might leave your family.
- We have all heard of the 7 Deadly Sins; but have you ever considered how they relate to your relationship with money????
- As Pastor Roland has told us many times, God doesn’t want us to be followers, God wants us to be “Overcomers”. Learning how to avoid the Seven Deadly Sins of Money can help us all to become financial “Overcomers”.
- Sometimes our wealth can cause us to become so arrogant that we lose touch with out true purpose, reality, other people and most importantly God.
- Do you want more money just to impress other people????
- Do you want more money just to buy more things you don’t need????
- In the Holy Bible - Romans 6:23 says that “….the wages of sin is death….” Oftentimes when we have more money, we’re able to buy more things that we think will give us more pleasure, but sometimes these things end up bringing us more pain than pleasure and keep us away from fulfilling our true calling.
- Does not having enough money motivate you or make you angry????
- Do you want more money just to horde it or put it to work???
- Once we have a plan in place for transforming our relationship with money, we must work our plan diligently and continuously avoid slipping back into our old bad money management habits.
- This concludes parts C&D of A Success Plan for Your Personal Relationship with Money Brought to You by: Vince Rogers & Associates Please contact us to formulate a winning "Success Plan" for your business or non-profit organization.