financial freedom for families session 1
DESCRIPTION
TRANSCRIPT
![Page 1: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/1.jpg)
Financial Freedom for FamiliesMarcus G Valles
![Page 2: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/2.jpg)
5 Steps to Financial Freedom
1. Take a Financial Physical2. Set Goals (Think Long term)3. Spend less that you earn4. Build Emergency Savings5. Avoid Debt6. Long Term Investing
![Page 3: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/3.jpg)
1. Take a Financial Physical Lessons from Joseph
What is our current status? How tough is it really? (famine)
What do goals we want to achieve as a family? (survive, sell to nations ..)
How do we plan to get there? (saving and storing strategy)
![Page 4: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/4.jpg)
Things not to skimp on when in Financially Challenged (broke!):
1. Giving (because it acknowledges God’s provision)
2. Mortgage Payments3. Utilities4. Car Maintenance5. Health Insurance6. Fun Time with family (low cost options)7. Long Term Vision8. Bible Reading and Prayer
![Page 5: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/5.jpg)
Critical Questions for a Financial PhysicalBalance Sheet What to I own? (Assets) What to I owe? (Liabilities) How strong are my safety nets? (Equity)Income Statement / Cash Flow How much am I earning? (Income) How much am I spending? (Expenses)
![Page 6: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/6.jpg)
2. Set GoalsLife Goals Closer to God: Personal Spiritual / Devotional Goals Closer to Home: Family Quality Goals Closer to Church: Serving in 247 Church Closer to Community: Serving the WorldMoney Goals Breather Goals Consolidate Goals Debt Goals Saving Goals / Investing Goals Life Style Goals Education Goals Vacation Goals Insurance Goals Giving Goals Career Goals Household Goals
![Page 7: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/7.jpg)
Goals need to be:
![Page 8: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/8.jpg)
3. Spend Less than you Earn Warren Buffet: Buy Low, Sell High …. … $65 billion http://www.forbes.com/billionaires/list/#
tab:overall
![Page 9: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/9.jpg)
5 Short Term Uses of Money
![Page 10: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/10.jpg)
7 Questions about your spending plan What is my spendable income? What have I been spending in last 12-24
months? What are my current debt obligations? What would I like to spend? In what ways would my future be improved if I
spent less? What expenses are fixed and out of my
control? What expenses do I have control over?
![Page 14: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/14.jpg)
3. Spend Less that you Earn: The Spiritual Dimension
What do you think these statements mean?
For where your treasure is, there your heart will be also (Matt 6:21)
You cannot separate money and worship
![Page 15: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/15.jpg)
3. Spend Less that you Earn: The Spiritual Dimension Top Sources of Temptation that will
make you spend More than you earn! …….
![Page 16: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/16.jpg)
The Millionaire Next Door
![Page 17: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/17.jpg)
Spending Decisions
Home Family Car/s Travel and Vacations Insurance Saving Providing for Retirement
Professional Development School and Training the Children
![Page 18: Financial Freedom for Families Session 1](https://reader030.vdocuments.net/reader030/viewer/2022020803/54827635b47959ec0c8b47ee/html5/thumbnails/18.jpg)
Listen to King Agur Prov 30:7 … Two things I asked of You,
Do not refuse me before I die: Keep deception and lies far from me , Give me neither poverty nor riches;
Feed me with the food that is my portion, 9 That I not be full and deny You and say, "Who
is the LORD?" Or that I not be in want and steal, And profane
the name of my God