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Financial Freedom Do’s and Don’ts
Nothing can be more liberating than working in financial freedom. Gaining this freedom is however not easy. It calls for discipline and lots of diligence. God intends that we manage our resources. You can easily do this by not letting your money control you.
Money issues can be a source of stress and anxiety. It has broken many marriages and deterred so many people from pursuing their dreams.
Whether you have a small salary or a six-figure salary, if you don’t learn financial discipline, you may not gain the much-desired freedom. To obtain financial freedom, you have to keep these in mind:
Everything you own is from God, and you are just a steward
It is easy to think that you earned everything that you have. The Bible says that everything belongs to Him. He has simply given us the privilege to own these gifts.
It is God who gives us the power to make wealth. The talents, the gifts, and Providence all come from Him. Without Him, we can never achieve anything.
So how do you use what He has graciously given you?
It is possible to waste when you are living in abundance. Being wasteful is not good stewardship. The Bible in John 6:12 shows Jesus instructing His disciples to gather everything so that nothing gets wasted. It clearly explains to us the need for making the most of what God has given to us freely.
In Matthew 25:14-30, God puts us to the test to see if we can handle great things. He is not going to provide you with riches and abundance if He is not sure that you can take care of it. The Bible clearly shows us to be better stewards of the little we receive. If we are faithful with the little the master gives us, He will gladly add us more.
Money should not rule you
We need money to survive. Without it, life can be difficult. The Bible in 1st Timothy says that the love of money is the root of all evil. It is easier to think that we can achieve everything if we have money. This kind of thinking is wrong because it draws us away from God.
Don’t become a victim of the money heist.
If we put wealth first before God and people, we end up losing our mandate on earth. We were created to worship God. Wealth should not be a hindrance to that great purpose. In Matthew 19:24, Jesus teaches His disciples how putting money above everything can prevent us from seeing the Kingdom of God.
The Bible also warns us in 1st Timothy 6:17-18 against putting our wealth above God and people because it grieves God. Our wealth should be a blessing to the less fortunate in society. We should use it for the glory of God and enhance His work.
Having a huge salary does not guarantee financial freedom. You can live a more fulfilling life if you know how to manage your finances well. The following principles will save you from living from hand to mouth:
Work hard to gain financial freedom
If you don’t work, you won’t eat. Working gives us a sense of purpose. God will not drop money from heaven. He simply blesses our efforts. In Deuteronomy 28:8, the Lord promises that He will bless the work of our hands.
It clearly shows us that we need to put in effort in every little thing God gives us. Always strive for excellence in everything you do.
What is the point of having money if you cannot spend it? God has not called us to be miserable. Spending, however, does not necessarily mean you waste it on things you don’t need. When spending, keep the following points in mind:
Know what you want
Having a clear perspective of your monthly expenses will help you budget for your money wisely. Categorizing your expenses into wants, needs or likes is prudent. This way you will learn to prioritize. You, however, need to be strict to follow this budget.
You need to assign each dollar to a destination. It will help you track your expenditure. You will also avoid spending money on things that were not in your budget.
It is important to set some money aside for unforeseen events. Life is unpredictable and having some savings will cushion you from life punches and save you from agony during hard times. If you are diligent, God will increase you as He promises in Deuteronomy 28:8.
Take it as a way of paying yourself. Invest in profitable ventures that will bring in significant returns. By doing this, you allow your money to work for you. Invest in real estate, mutual funds and allow your investments to grow before you can withdraw from them.
Biblical principles to financial freedom will relieve you of unnecessary debt.
There is nothing as good debt. The truth is that some debts are better than others, but that does not mean that debts are good. If you have debts, purpose to clear them. Living a debt-free life gives you the flexibility of giving generously and living in abundance.
Break those habits that make you borrow. Proverbs 15:16 urges us to accept the little that we have than desire great wealth that will only bring turmoil. The Bible also promises us that our good Lord knows what we need and He shall gladly provide for us.
Learn to minimize and be content
Be happy with what you have. Learn to do away with what you don’t need. You will be truly happy only if you have a relationship with God. Material wealth does not give satisfaction. If you are not content, you are likely to covet other people’s things and be greedy.
Philippians 4:11-12 teaches us to be happy with whatever little that we have. If we practice this principle, we won’t spend much on unnecessary things.
Be a blessing to others. Your life will be richer if you help people around you. Mark 10:29-30 shows us that whatever we give, we shall receive a double portion. Giving does not take away from us, it increases us.
Endeavor to tithe so that the Lord will honor His promise in Malachi 3:10 that if we bring food to His storehouse, He shall never deny us anything that we ask Him.
It is easy to walk in financial freedom if God is part of your journey. Work hard, spend wisely, invest, avoid debts, be content, and live generously. You only have to be disciplined and diligent in whatever you have chosen.