15 Steps to Financial Freedom
Sermon by Jack Nazary
Introduction: More about finances in the Bible than any other subject because of the connection between heart and treasure. (Matthew 6:21)
I. Transfer ownership to God (Rights vs. Responsibilities)
1. "no place to lay your head" I Corinthians 6:19-20
II. Tithe as a reminder with offerings above
1. To God - Malachi 3:10 (Tithe...Prove me..Windows...Blessing...Devourer)
2. To Saints - Romans 12:13 (Distributing to necessity of the Saints)
3. To Poor - Proverbs 19:17 (Giveth...Lendeth...Given...He will Repay)
4. Result will be - Luke 6:38 (Give...Given)
III. Make life goal to present Jesus and gear expenditures to that end. Matthew 6:33
IV. With above (Glory of God) in mind, control spending with 3 considerations:
1. Sales resistance (Proverbs 20:14)
2. Shopping (Proverbs 31:16)
3. Prompt Payment (Proverbs 3:28)
V. Give God a chance to provide it before you buy it
1. To demonstrate His power (II Chronicles 16:9) in providing it.
2. To allow God to answer prayer (Philippians 4:6)
3. To confirm direction (Philippians 4:19)
VI. Avoid tempting God (Matthew 4:6-7)
VII. Get out of debt (Romans 13:8 "owe no man anything but to love..." Proverbs 22:7 - "The borrower is servant to the lender") Debt: liabilities exceed assets condition
1. list expenditures in priority
2. discontinue all "not necessary"
3. sell depreciating items owed on
4. begin buying on a cash basis
5. eliminate credit cards
6. consider additional work
VIII. Never borrow on depreciating items (home not included)
1. presumes on future (James 4:13, 17)
2. places in bondage to man (Proverbs 22:7)
3. produces pressure (I Timothy 5:8)
4. limits God in providing (II Corinthians 9:8-11)
5. limits God in withholding (Isaiah 55:8-9)
IX. Never co-sign a note (Proverbs 6:1-5, 11:15, 17:18, 20:16, 27:13, 22:26)
1. Pray - give what God allows - no loan - no co-signing
X. Never loan for non-essentials, but give to basic needs. Proverbs 19:19
Romans 12:31 - distribute to necessity to saints
XI. Develop sales resistance - get the best buy. Proverbs 20:14
XII. Develop skills for home maintenance
XIII. Determine God's reasons for lack of funds
XIV. Discern needs and wants - I Timothy 6:6-10
XV. Prepare for financial breathing - Philippians 4:12 "Know how to abound and suffer need"
Prearranged schedule of priorities
XVI. Be sensitive to God's direction in giving.
a. Is organization communicating a message true to Scripture?
b. Are people responding positively to its message?
c. Are the lives of leadership illustrations of its message?
d. Is organization reproducing itself?
e. Is there a standard of excellence along with freedom of waste?
What it means to be financially free!!!
Financial freedom is:
1. Realizing that true prosperity comes from God. (Deuteronomy 8:18)
2. Committing ourselves to God's purposes for money. (Matthew 6:30)
3. Recognizing and rejecting false financial concepts. (I Corinthians 7:22) Concept - "Be your own boss"
4. Responding to God's reproofs for wrong financial decisions (Haggai 1:9) (Riches with sorrow or the devouring of our assets)
5. Choosing to serve God rather than money (Matthew 6:24) "No man can serve"
6. Giving God's tithes and offerings (Proverbs 3:9-10)
7. Keeping out of debt (Proverbs 27:1) "Boost not thyself of tomorrow"
8. Learning how to abound and to suffer need (Philippians 4:12)
9. Having sales resistance (I John 2:16)
10. Recognizing and rejecting swindlers (Proverbs 2:12, 16)
11. Keeping accurate and useful records (I Corinthians 4:2)
12. Getting the best buy (I Timothy 6:6)
13. Refusing to lend or co-sign (Proverbs 6:1-3)
14. Developing full potential of home (Proverbs 31:10) Early Education, medical recovery, care of elderly family members, partial production of food and clothing...The key - a wise, Godly, and virtuous woman.
15. Choosing a good name rather than great riches (Malachi 31:10) When Israel experience famine King David discovered and removed it - I Samuel 21
16. Knowing how to receive funds through prayer (II Chronicles 7:13-14; Ephesians 3:20)
17. Having the courage to avoid partnerships (Daniel 1:8) Purposed to do right
18. Detecting and conquering slothfulness (II Thess. 3:10; Genesis 3:17-19) Work for life of ease Luke 12:19 - "Take thine ease, eat drink and be merry)
19. Listening to the cautions of your wife (Proverbs 1:5)
20. Knowing how to pass on an inheritance (Proverbs 13:22; Proverbs 20:21)
Boy, if this does not get you to thinking. I believe my Granddaddy lived this out in his own life. Of course, we all made fun of him for being so "tight". I feel he was only trying to follow God's word on finances. He thankfully taught me a few things about being a good steward. I am not quite as bad as he was about spending money, but I can now happily proclaim by the grace of God I am debt free. I learned from the best who learned from the ultimate best - the good Lord!