12 Essential Habits that Lead to Faith-Based Wealth
In The Faith-Based Millionaire, I highlight 12 essential habits that lead to faith-based wealth. After interviewing hundreds of individuals who had both faith and wealth, there were common traits that revealed why they were so successful.
In The Faith-Based Millionaire, I stressed that creating new habits is critical. If you do not change your behavior, you will not get new results. How many of these habits do you possess?:
Essential Habit # 1: Always place principles before profits. Take responsibility; seek profit, but do not compromise your values.
Essential Habit #2: Find your purpose and passion to create financial changes. If you do not get emotional, you will not change.
Essential Habit #3: Seek wise counsel. Find help for areas outside your expertise and have a sounding board.
Essential Habit #4: Establish a financial plan. Know what the end result should be and create an action plan to make it happen.
Essential Habit #5: Give generously to help those less fortunate. Accumulating wealth will enable you to help more of God’s people.
Essential Habit #6: Spend money frugally. Learn to live on less than you earn.
Essential Habit #7: Minimize your debt. Pay off debts as quickly as possible and incur only new debts that will bring long-term value.
Essential Habit #8: Save regularly; put it on autopilot. Build an emergency fund; save for your future. Set up automatic savings plans!
Essential Habit #9: Find sound investments that complement your faith. Find out where you are investing. Make sure the investment makes sense financially and does not contradict your faith.
Essential Habit #10: Manage risk. Take calculated chances to get where you need to go.
Essential Habit #11: Monitor the results. Track and monitor your progress and update your plan regularly.
Essential Habit #12: Trust God with the outcome. Put it all in His hands! With Him by your side, anything is possible.