Elder Joseph B. Wirthlin outlines five keys to financial freedom: 1) paying tithing, 2) saving money, 3) spending less than you earn, 4) honoring financial obligations, and 5) teaching children good financial habits from a young age. He also discusses "heavenly debts" which include honoring parents for giving us life, honoring ancestors by performing temple ordinances for them, and honoring Christ's sacrifice through which our sins can be forgiven.

1. Earthly Debts,
Heavenly Debts
Elder Joseph B. Wirthlin
April 2004

2. Five Keys to
Financial
Freedom
1. Tithing
2. Savings
3. Spend less
4. Honor obligations
5. Teach your children

3. Earthly Debts
Pay an honest tithe
“Always pay your tithing and leave the
outcome in the hands of the Lord.”

4. Earthly Debts
Learn to save
“The wise understand the importance of saving
today for a rainy day tomorrow.”

5. Earthly Debts
Spend less than you earn
“All too often a family’s spending is governed
more by their yearning than by their earning.”

6. Earthly Debts
Honor financial obligations
“We believe in honoring our debts and being
honest in our dealings with our fellow men..”

7. Earthly Debts
Teach your children
“Teach your children while they are young… that they
cannot have something merely because they want it.”

8. Heavenly Debts
Honor your parents
“Our mothers and fathers gave us life… often they
have set their own dreams and desires aside for
the sake of their children.”

9. Heavenly Debts
Honor your ancestors
“We have a great debt to our ancestors… who wait
beyond the veil for those ordinances that will
allow them to continue their eternal progression..”

10. Heavenly Debts
Honor the sacrifice of Christ
“Because of His infinite Atonement, our sins can be
swept away, allowing us to experience the greatest of
all the gifts of God: eternal life.”