The document summarizes research on spending habits and financial practices. It discusses that many people with expensive homes and toys actually have significant debt and lack real wealth. In contrast, research on middle class homes found that millionaires often live beneath their means, stay in the same home for years, buy used cars, and simply invest their money. The conclusion is that true wealth is often found in regular people next door rather than those with showy lifestyles they cannot afford. The document encourages developing a biblical approach to finances by living beneath your means, eliminating debt and overhead, building savings, and ensuring money serves God's purposes rather than being driven by worldly desires.

2. ACT YOUR
WAGE
Mind Your Own Business #2

3. Our God-given business is:
Managing our
personal finances

4. RESEARCH:
•What are their spending habits?
•Do they have a budget?
•How do the really well off people think?
•What are their thoughts on money?

5. RESEARCH:
Very expensive neighborhoods
•Peoplewithalotofstuff
•Cars,thetoys,thelooksandthedebtsbut
•Mostofthemdon'thavealotofmoney

6. RESEARCH:
Middle class homes
• Millionaire next door.
•They live beneath their means.
•They lived on what they made.
•Often times bought used cars, stayed in
the same home for years and years.
•They simply invested.

7. CONCLUSION:
•The bulk of people with money is often
in the home of the regular looking person
next door.
•The people in the often big showy homes
are pretenders pretending to live a
lifestyle they cannot afford.

8. Proverbs 13:7
One man pretends to be rich but has
nothing; another pretends to be poor but
has great wealth.
Proverbs 12:9
Better to be dishonored, yet have a
servant, than to act important but have
no food.

9. Remember our key verse for last week,
Proverbs 22:7
The rich rule over the poor,
and the borrower is a slave to the lender.

10. What is another
foundational problem?
We have learned to ask
the wrong questions.

11. “Howmuchmoneydownisthisgoingtotake?”
“How much is it going to cost a month?
WE HAVE LEARNED TO ASK
THE WRONG QUESTIONS.

12. “What’s the most I can get into for the least
down.”
What is the real cost
of our unbiblical stewardship?
INSTEAD OF ASKING HOW MUCH IS
THE REAL COST, IT GOES LIKE THIS

13. Today we believe debt is normal
•Debt is necessary.
•Few years ago, few are borrowing, no
credit cards etc., but now almost
everybody has a loan and has credit cards,
some not one card but many cards.

14. That’s how fast our mindset
has changed.
•What is the real cost?
•How much do you think they owe in credit
card debt?
•How much interest on credit cards? 3 to
3.5 % per month.

15. •You must pray to God first before buying
something.
•You are to make decisions based on
decisions that God gave you.
•Have a plan.
•Have self-discipline.

16. PROVERBS 25:28
A man who does not control his temper
is like a city whose wall is broken down

17. IF YOU DON’T HAVE CONTROL
OF YOUR MONEY OR ANY AREA
OF YOUR LIFE, YOU ARE LIKE A
CITY WHOSE WALLS ARE
BROKEN DOWN.

18. Learn to say, "No," for just a little while.
Sowecansay,"Yes,"fortherestofourlives.
No to the things that everyone else thinks
are necessary, but are not.

19. We are going to be different.
We are going to say no to the things that
everyone else thinks are necessary,
but are not.

20. Live beneath
your means.
ACT YOUR WAGE

21. •Do you really need a newer home?
•Doyoureallyneedabrandnewcarrightnow?
•Do you really need those flashy gadgets
right away?

22. PRAY
before you pay

23. •Don't give in to every impulse.
•"Like a city whose walls are broken down is
a person who lacks self-control.“
•Get control of your money.

24. PROVERBS 21:5
The plans of the diligent certainly lead to
profit, but anyone who is reckless certainly
becomes poor.

25. DEVELOPLING YOUR
BUSINESS PLAN:

26. 1. Plan for
emergencies

27. 2. Eliminate
overhead.

28. Eliminate overhead
○ Reduce debt
○ "Debt snowball“ – Dave Ramsey
What is the advantage of this?
Using Debt snowball :
120 months payoff only takes 21 months
That's 99 months difference!

29. 3. Build a
reserve fund
(3 months' living expenses)

30. MATTHEW 6:24
“You cannot serve both God and money”
You cannot serve them both.

31. •We serve God. We don’t serve money.
•We are not of this world. We are not
driven by this world. We have a higher
calling. We have a higher purpose.
MAY I ASK YOU WHAT ARE
YOU ARE SERVING FOR?

32. MONEY SERVES
GOD’S PURPOSES.

33. 2 CORINTHIANS 9:10-14
"Now the One who provides seed for the
sower and bread for food will provide and
multiply your seed and increase the harvest
of your righteousness.

34. You will be enriched in
every way for all
generosity, which
produces thanksgiving to
God through us.

35. 2 CORINTHIANS 9:10-14
For the ministry of this service is not only
supply the needs of the saints, but is also
overflowing in many acts of thanksgiving
to God. They will glorify God for your
obedience to the confession of the gospel
of Christ, and for your generosity in
sharing with them and with others through
the proof provided by this service.

36. 2 CORINTHIANS 9:10-14
And they will have deep affection for you
in their prayers on your behalf because of
the surpassing grace of God in you."
Goal:
Increasetheharvestofyourrighteousness.