This document discusses principles of financial prosperity and managing finances in a godly way. It begins with a disclaimer that the presenter is not a financial expert and opinions should be viewed as such. Several principles of prosperity are then outlined, including that all money belongs to God, the importance of giving and saving for the future, and avoiding unnecessary debt. Specific tips are provided around budgeting, saving in various assets like property and retirement funds, and using multiple bank accounts strategically. Managing finances as a couple and seeking advice from financial advisors is also recommended.

1. Prosperity And FinancialProsperity And Financial
PrinciplesPrinciples
Presented byPresented by
MV KOTUMV KOTU

2. DISCLAIMERDISCLAIMER
 I am not aI am not a FINANCIALFINANCIAL AdvisorAdvisor
 I am not anI am not an INVESTMENTINVESTMENT ExpertExpert
 MyMy OPINIONSOPINIONS shared in this seminarshared in this seminar
should be viewed as mere opinionsshould be viewed as mere opinions
 Feel free toFeel free to DISAGREEDISAGREE with mewith me

3. Results Of Survey Done at TFTResults Of Survey Done at TFT
Reflecting Challenges in MarriagesReflecting Challenges in Marriages
Communication – 38.27%Communication – 38.27%
Finances – 29%Finances – 29%
Spirituality – 28%Spirituality – 28%
Children – 18.5%Children – 18.5%
Neutrality – 16.04%Neutrality – 16.04%
Sexual – 9.87%Sexual – 9.87%

4. Instead of – Financial ProblemsInstead of – Financial Problems
can we use – Lack of Propercan we use – Lack of Proper
Communication in FinancesCommunication in Finances
THE BIG QUESTIONTHE BIG QUESTION
is it Possible that some couplesis it Possible that some couples
use their Finances as a means ofuse their Finances as a means of
communication in theircommunication in their
MarriagesMarriages

5. Different Views On Financial IssuesDifferent Views On Financial Issues
QUESTIONQUESTION 11
Money is to be spentMoney is to be spent onlyonly whenwhen
necessarynecessary --144144
Money is to beMoney is to be enjoyedenjoyed --138138

6. Different Views On Financial IssuesDifferent Views On Financial Issues
QUESTION 2QUESTION 2
 Success is to be pursued by allSuccess is to be pursued by all
legitimatelegitimate means -means - 124124
 Success should not be pursuedSuccess should not be pursued
at the expense of family tiesat the expense of family ties
--123123

7. Different Views On Financial IssuesDifferent Views On Financial Issues
QUESTION 3QUESTION 3
Giving our Tithe as a familyGiving our Tithe as a family
mustmust be done without fail -be done without fail - 161161
Giving our Tithe must only beGiving our Tithe must only be
donedone afterafter we have paid ourwe have paid our
expenses -expenses - 3030

8. Different Views On Financial IssuesDifferent Views On Financial Issues
QUESTION 4QUESTION 4
Food is anFood is an expressionexpression of givingof giving
and love -and love - 161161
Food is for sustenance. Eat withFood is for sustenance. Eat with
moderationmoderation -- 9999

9. GETTING TO THE POINTGETTING TO THE POINT
 These responses maybe symptomsThese responses maybe symptoms
of real underlying issues orof real underlying issues or
experiencesexperiences
QUESTION TO ASK YOURSELFQUESTION TO ASK YOURSELF
SO WHAT MAKES YOU TO VIEW THESESO WHAT MAKES YOU TO VIEW THESE
ISSUES IN THIS LIGHT ?ISSUES IN THIS LIGHT ?

10. SOME INFLUENCESSOME INFLUENCES
 UPBRINGING / BACKGROUNDUPBRINGING / BACKGROUND
 EDUCATIONEDUCATION
 PERSONAL EXPERIENCESPERSONAL EXPERIENCES
 FOCUSFOCUS

11. MY HONEST PERSONALMY HONEST PERSONAL
VIEWSVIEWS
ON THE ABOVEON THE ABOVE

12. ON BACKROUND OR UP BRINGINGON BACKROUND OR UP BRINGING
You cannot expect your spouse toYou cannot expect your spouse to
take part intake part in RESOLVINGRESOLVING your badyour bad
past beyond reasonable BARRIERS.past beyond reasonable BARRIERS.
They may NOT be trained for that.They may NOT be trained for that.
So as you get them involved pleaseSo as you get them involved please
remember that they have comeremember that they have come
into this marriage for other thingsinto this marriage for other things

13. ON EDUCATIONON EDUCATION
It may be helpful to acknowledgeIt may be helpful to acknowledge
that the Education you havethat the Education you have
acquired does notacquired does not
AUTOMATICALLYAUTOMATICALLY qualify you forqualify you for
the same position in your family.the same position in your family.
So please don’t overdo it!So please don’t overdo it!

14. ON PERSONAL EXPERIENCESON PERSONAL EXPERIENCES
Your personal experiences MAYYour personal experiences MAY
have been results of YOURhave been results of YOUR
personalpersonal AMBITIONSAMBITIONS
And / or PersonalAnd / or Personal MISTAKESMISTAKES
We need to find out what worksWe need to find out what works
best in our Familybest in our Family

15. ON FOCUSON FOCUS
There areThere are TWOTWO types of Focus intypes of Focus in
every Relationshipevery Relationship
PERSONALPERSONAL Focus andFocus and MUTUALMUTUAL
FocusFocus
Therefore its impossible toTherefore its impossible to
MANAGEMANAGE TWOTWO lives usinglives using
personal focuspersonal focus

16. HOW WE SEE MONEYHOW WE SEE MONEY
 LIFESTYLELIFESTYLE – Getting what we– Getting what we WANTWANT
 DEBT-DEBT- Getting what we CAN’T affordGetting what we CAN’T afford
 SAVINGSAVING – Putting aside for the next week– Putting aside for the next week
 GIVING –GIVING – Parting with what we don’tParting with what we don’t
really needreally need

17. THIS ATTITUDE SAYSTHIS ATTITUDE SAYS
SATISFY YOURSELFSATISFY YOURSELF
YOU WORKED HARD FOR ITYOU WORKED HARD FOR IT
AFTER ALL THERE ARE NOAFTER ALL THERE ARE NO
GUARANTEES IN LIFEGUARANTEES IN LIFE

18. HOW GOD SEES MONEYHOW GOD SEES MONEY
 GIVINGGIVING – Acknowledging our source– Acknowledging our source
 SAVINGSAVING – Being responsible– Being responsible
 LIFESTYLE –LIFESTYLE – A result of the above twoA result of the above two
 DEBTDEBT – Enslaving and to Approached with– Enslaving and to Approached with
wisdomwisdom

19. PRINCIPLES OF PROSPERITYPRINCIPLES OF PROSPERITY
FACTFACT::
WE LIVE IN AN ERA WHERE ANWE LIVE IN AN ERA WHERE AN
AVERAGE WORKING PERSON,AVERAGE WORKING PERSON,
WORLD WIDE IS ONLYWORLD WIDE IS ONLY 4 WEEKS4 WEEKS
AWAY FROM BANKRUPTCYAWAY FROM BANKRUPTCY

20. PRINCIPLE -1PRINCIPLE -1
IT ALL BELONGS TO GODIT ALL BELONGS TO GOD
OR GOD OWNS IT ALLOR GOD OWNS IT ALL
Matthew 6:32-33Matthew 6:32-33
--------------------------------------
This knowledge shall influenceThis knowledge shall influence
our approach to Prosperityour approach to Prosperity

21. PRINCIPLE - 2PRINCIPLE - 2
GIVING IS AGIVING IS A MUSTMUST IN THEIN THE
WORLD OF PROSPERITYWORLD OF PROSPERITY
Deuteronomy 8:18Deuteronomy 8:18
--------------------------------------------------------------
God’s Best idea for my familyGod’s Best idea for my family
isis TotalTotal ProsperityProsperity

22. PRINCIPLE - 3PRINCIPLE - 3
SAVESAVE FOR THEFOR THE FUTUREFUTURE ANDAND
RAINY DAYSRAINY DAYS
Proverbs 21:20Proverbs 21:20
----------------------------------------------
The best time to save is startThe best time to save is start
EARLYEARLY and be consistentand be consistent

23. CAUTION!CAUTION!
WHENWHEN we save let us also bewe save let us also be
BALANCEDBALANCED and try to notand try to not
concentrate solely on savingconcentrate solely on saving
WEWE must BALANCE our saving withmust BALANCE our saving with
ourour GIVINGGIVING and also remember toand also remember to
live as COMFORTABLE as we canlive as COMFORTABLE as we can
AFFORDAFFORD

24. GODLY WAY OF HANDLING YOURGODLY WAY OF HANDLING YOUR
FINANCESFINANCES
 TheThe FIRSTFIRST cheque goes to GOD’S workcheque goes to GOD’S work
 TheThe SECONDSECOND cheque goes into SAVINGcheque goes into SAVING
 Then we canThen we can MANAGEMANAGE the restthe rest

25. WHERE TO SAVEWHERE TO SAVE
MY OWN OPINIONMY OWN OPINION
 PROPERTYPROPERTY – especially– especially IMMOVABLEIMMOVABLE
 Cash inCash in BANKBANK – at least 3 months of your– at least 3 months of your
salarysalary
 Retirement Annuity –Retirement Annuity – a MUST for thea MUST for the
self employedself employed
 Life Insurance –Life Insurance – in case you live long orin case you live long or
DIEDIE before you get therebefore you get there
 Burial CoverBurial Cover – Funerals are costly– Funerals are costly

26. MY OWN OPINIONMY OWN OPINION
 None of theNone of the CARSCARS parked outsideparked outside
are investments.are investments.
 THEREFORETHEREFORE we don’t invest in carswe don’t invest in cars
 Clothes areClothes are DEFINITELYDEFINITELY not annot an
investmentsinvestments
 QUALITYQUALITY food is cheaper thanfood is cheaper than
GOODGOOD foodfood

27. CAR vs HOUSECAR vs HOUSE
EXAMPLE 1EXAMPLE 1
 AA R500,000R500,000 car is worth at leastcar is worth at least
R300,000 afterR300,000 after 33 years –years – LossLoss R200kR200k
 AA R500,000R500,000 HOUSEHOUSE is worth at leastis worth at least
R600,000 afterR600,000 after 33 years – Increase R100kyears – Increase R100k
 So yourSo your HOUSEHOUSE must at least be 2X themust at least be 2X the
value of your car.value of your car.

28. CAR vs HOUSECAR vs HOUSE
EXAMPLE 2EXAMPLE 2
YEAR 1 - HOUSE:YEAR 1 - HOUSE: R1 MILLIONR1 MILLION
CAR:CAR: R500,000R500,000
TOTALTOTAL R1,500.000R1,500.000
YEAR 3 - SAME HOUSE:YEAR 3 - SAME HOUSE: R1,250,000R1,250,000
SAME CAR:SAME CAR: R300,000R300,000
TOTALTOTAL: R1,550,000: R1,550,000
THIS DOES NOT TAKE INTO ACCOUNT THETHIS DOES NOT TAKE INTO ACCOUNT THE
INSTALMENTS PAID ON BOTH. BUT WHAT YOUINSTALMENTS PAID ON BOTH. BUT WHAT YOU
LOSE ON CAR YOU RECOVER ON PROPERTYLOSE ON CAR YOU RECOVER ON PROPERTY

29. PRINCIPLE - 4PRINCIPLE - 4
AVOID ALLAVOID ALL AVOIDABLEAVOIDABLE
DEBTSDEBTS
FACTFACT: WE SPEND A THIRD: WE SPEND A THIRD
MORE WHEN USINGMORE WHEN USING CREDITCREDIT
CARDS THAN CASHCARDS THAN CASH
------------------------------------------------------------------
Proverbs 22:7Proverbs 22:7
ALL DEBT IS ENSLAVING, NOALL DEBT IS ENSLAVING, NO
MATTER WHO YOU OWEMATTER WHO YOU OWE

30. FACTS ON DEBTFACTS ON DEBT
 DEBTDEBT can have a negative IMPACT on ourcan have a negative IMPACT on our
relationshiprelationship
 DebtDebt INCREASESINCREASES levels of stresslevels of stress
 Debt causes Physical and EmotionalDebt causes Physical and Emotional
FATIGUEFATIGUE
 DebtDebt affects ouraffects our COMMUNICATIONCOMMUNICATION
 DebtDebt affectsaffects SEXUALSEXUAL PerformancePerformance

31. SMART OR NOT?SMART OR NOT?
I call this The Jacob StrategyI call this The Jacob Strategy
Genesis 30Genesis 30
Be as wise As SerpentsBe as wise As Serpents
How you can use Banks to backHow you can use Banks to back
you up using the same incomeyou up using the same income

32. EG: Nett salary R20,000EG: Nett salary R20,000
Deposit R20,000
Into Bank A
On the 25th
Move R15,000
To bank B
On the 27th
Move R10,000
To Bank C
On the 29th
Total cash flow
R45,000

33. DISADVANTAGESDISADVANTAGES
 YouYou loselose Some of the money duringSome of the money during
TransfersTransfers
 It requiresIt requires DisciplineDiscipline which otherswhich others
don’t havedon’t have
 It requiresIt requires consistencyconsistency Do it longerDo it longer
than 6 Monthsthan 6 Months

34. Advantage Of This MethodAdvantage Of This Method
 You haveYou have 33 banks that know youbanks that know you
 You haveYou have cashcash flow with all 3 banksflow with all 3 banks
 It gives you MoreIt gives you More BorrowingBorrowing PowerPower
 You can have 3 CreditYou can have 3 Credit cardscards
 You can have 3You can have 3 OverdraftsOverdrafts
 You can have 3 loans forYou can have 3 loans for projectsprojects

35. WORTH CONSIDERINGWORTH CONSIDERING
GEORGE FOOSHEEGEORGE FOOSHEE
““PeoplePeople BUYBUY things they don’t needthings they don’t need
with money they don’twith money they don’t HAVEHAVE just tojust to
IMPRESSIMPRESS
People they don’t even like”People they don’t even like”

36. CONTENTMENT THE CHIEF CURE FOR DEBTCONTENTMENT THE CHIEF CURE FOR DEBT
1 Timothy 6:6-71 Timothy 6:6-7
 REALIZEREALIZE that just as God uses money tothat just as God uses money to
enhance our lives satan also uses moneyenhance our lives satan also uses money
to bind our livesto bind our lives
 ThereforeTherefore ALWAYSALWAYS try to want what youtry to want what you
already havealready have

37. PRINCIPLE – 5PRINCIPLE – 5
Proverbs 17:18Proverbs 17:18
 NEVERNEVER sign a co- debtor orsign a co- debtor or SURETYSURETY
 Surety is just as good as the debtorSurety is just as good as the debtor
 If youIf you becomebecome surety the creditor hassurety the creditor has
a legal right to collect the debt from youa legal right to collect the debt from you
 InIn casecase your co debtor can’t pay it’syour co debtor can’t pay it’s
your debtyour debt
 If you are married inIf you are married in COPCOP it becomesit becomes
your spouse’s debt tooyour spouse’s debt too

38. QUESTION!QUESTION!
 ARE WE NOT SUPPOSED TOARE WE NOT SUPPOSED TO HELPHELP
OTHERS ?OTHERS ?
ANSWERANSWER
 ASK THOSE WHO DID IT AND BURNTASK THOSE WHO DID IT AND BURNT
THEIR FINGERS!THEIR FINGERS!

39. ABOUT OUR PARENTSABOUT OUR PARENTS
Repay your Parents and GrandRepay your Parents and Grand
ParentsParents
1 Timothy 5:41 Timothy 5:4

40. PRINCIPLE – 6PRINCIPLE – 6
Proverbs 24:3Proverbs 24:3
 Develop a BudgetDevelop a Budget TOGETHERTOGETHER andand
COMMITCOMMIT to itto it
A budget is aA budget is a PLANPLAN ofof HOWHOW you are goingyou are going
to pay off your debts andto pay off your debts and WHENWHEN you areyou are
going to be free from themgoing to be free from them

41. SPEAK TO A FINANCIAL ADVISORSPEAK TO A FINANCIAL ADVISOR
 This may take you out of debtThis may take you out of debt soonersooner
than you imaginedthan you imagined
 You mayYou may discoverdiscover that you actually havethat you actually have
resources to pay your debtsresources to pay your debts
 Ask aboutAsk about CONSOLIDATIONCONSOLIDATION

42. CONSIDER THESE WORDSCONSIDER THESE WORDS
FROM GODFROM GOD
 Joel 3:3Joel 3:3 Two cannot walk togetherTwo cannot walk together
unless they agreeunless they agree
 Deuteronomy 8:18Deuteronomy 8:18 I give you theI give you the
power to create wealthpower to create wealth
 3 John 23 John 2 That you may ProsperThat you may Prosper

43. Next MeetingNext Meeting
21 November 201021 November 2010
MV KOTUMV KOTU
http://montoedikotu.blogspot.com