· Dun & Bradstreet study: People spend 12-18% more when using credit cards over cash
· McDonald’s reports its average ticket is $7 when people use credit cards versus $4.50 for cash
· The average Japanese person saves 25% of their income
· The average European saves 18% of their income
· The average American spends 1% more than they make
· The average credit card debt in the U.S. is $14,517.00
· The average number of U.S. households living paycheck to paycheck is 55%
· The highest average levels of debt are couples ages 55-64: $107,060.00
· Couples ages 75 or older on average are $27,409.00 in debt
Proverbs 22:7 ...Borrow money and you are the lender's slave. Good News Translation
Financial slavery could sound like...
· We’d love to get married but we just can't afford it!
· We'd love to start a family but we just can’t afford it!
· We'd love to buy a home but we just can’t afford it!
· I’d love to go on a mission’s trip, give more to God or help the poor but I just can’t afford it!
Anyone can live within their income
God’s Four Financial Laws
1. Recognize God as your source
Deuteronomy 8:18 But remember the Lord your God, for it is he who gives you the ability to produce wealth... New International Version
God’s Four Financial Laws
2. Honor God first
Proverbs 3:9 Honor the Lord by giving him the first part of all your income, 10 and he will fill your barns with wheat and barley and overflow your wine vats with the finest wines. The Living Bible
God’s Four Financial Laws
2. Honor God first
Deuteronomy 14:23 …The purpose of tithing is to teach you always to put God first in your lives. The Living Bible
God’s Four Financial Laws
3. Save for the future
Proverbs 21:20 The wise man saves for the future, but the foolish man spends whatever he gets. The Living Bible
God’s Four Financial Laws
3. Save for the future
Proverbs 13:11 Money that comes easily disappears quickly, but money that is gathered little by little will grow. New Century Version
National Endowment for Financial Education estimates that 70 percent of people who had unexpectedly come into large sums of money ended up broke within seven years.
“I have followed the 10/10 principle my entire life. I give God 10% and I save 10% and the rest is mine.” John D Rockefeller
God’s Four Financial Laws
4. Plan for the now
Proverbs 21:5 Plan carefully and you will have plenty; if you act too quickly, you will never have enough Today’s English Version
God’s Four Financial Laws
4. Plan for the now
Proverbs 27:23 Riches can disappear fast... so watch your business interest closely. Know the state of your flocks and herds. The Living Bible
Financial Peace University
· The average family eliminates $5,300 in debt and saves $2,700 during the 13-week period
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