Develop a Faith Based Financial Road Map
Do the “Four Step”
Setting up a financial plan that incorporates your faith involves four important steps. I will show you how to create a financial plan that adds more meaning to your life, helps you clarify your purpose, and helps you take steps in the right direction. Where there is a will, there is a way. I will show you the way. Here are the four steps:
- Set financial goals.
- Prioritize your goals.
- Take a financial inventory.
- Set your plan in motion.
Step One: Set Financial Goals
Your goals should be based on needs rather than just wants. You may sometimes allow greedy intentions to get the best of you. When you learn contentment, you often begin to set goals that focus on your greatest needs rather than selfish desires. With financial freedom being a goal of many, setting proper financial goals will help you move in that direction.
Step Two: Prioritize Your Financial Life
In the financial planning process it is important to clarify your priorities. Your financial plan begins once you have clarified your priorities. Whether you want to save for a new home, start a new business, send children or grandchildren off to college, fund a ministry, or plan for retirement, planning is often a key to success. To get started, write down what you want to accomplish in order of importance. Once your list is prioritized, start right away with the first goal or accomplishment on your list.
Step Three: Take a Financial Inventory
If you don’t know where you are today, how can you possibly know if you are heading in the right direction? How are you at saving money for your future? Though you may have bank accounts, CDs, retirement mutual funds, 401(k)s, and other investments, is there a method to the madness? Is there a process or a plan? If not, how do you gauge whether you are on track or not? Do you have investments? It is difficult for God to bless investments when there are none.
Step Four: Set Your Plan in Motion
Many mistakes are made simply because people get overwhelmed with financial statements, bills, and all the endless papers. They become unorganized and things seem more complicated than they really are. In order to change your financial future, I recommend that you put as much of your finances on autopilot as you can. The key to this is to develop a system. Do all you can to simplify your financial life.