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Why faith matters in your financial life

Faith is often thought of in purely religious terms.  But it is much broader than that. 

In fact, every day, we express faith in a variety of ways that are not even consciously considered.

For example, we have faith that when we put the key in our car and turn it to the right that the car will start right up. 

We have faith that when we fly in an airplane that we will soar through the air and defy the laws of gravity and land safely at our destination.

As children, we have faith that our parents will provide for us even though we really don’t understand how all of that works.

This, then, is the key element of faith:  confidence in something that we don’t fully understand but we believe to be true.

Faith and Finances

When it comes to our financial lives, we must operate with a greater level of faith if want to win and succeed. 

We must grow in our confidence that it is possible and it is true that God can change us and provide for us even though...

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How to explain complex concepts: Build a "Kinda Like" Bridge

What is the purpose of a bridge? 

A bridge is something that you build to help cross a divide.  It is designed to help you get from where you are to where you want to go by spanning the obstacle in front of you.

Without it, you are blocked or you get all wet.

This same idea is true when you have difficult concepts or complex ideas that are hard to explain.  It may be to your children or to a friend, but the idea is the same.

The best way to help someone understand difficult truths (financial, spiritual, relational, etc) is to build a bridge so that they can get to where you are in your understanding.

Here's how it works.

Building a "Kinda Like" Bridge

I was reading a business book recently by Russell Brunson called Expert Secrets (it is awesome - definitely read it!).  In it, he has a section on this topic and is responsible for the idea of the "Kinda Like" bridge.

Listen to what he says here.

"The first key to telling captivating stories is oversimplification...

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Riding the Stock Market Roller Coaster: What NOT to do

The Demon Drop.  Have you ever ridden on it?

If you're from the Midwest, it's possible that you have.  It's one of the oldest roller coaster rides and has been a mainstay at a popular tourist spot in Ohio called Cedar Point.

The Demon Drop is crazy. 

Four people sit side-by-side in a metal box with the front open to the world.  You get strapped in and then the ride takes you up something like 1,000 feet in the air (*that's not true - it just feels like it when you're up there).  

When you get to the top, the Demon Drop slides out a few feet away from the platform so that you're just dangling there looking out at miles and miles in front of you - probably at Canada (*again..I'm dramatic.).

There is a long, dramatic pause at the top.  You sit there, almost comfortable.  Almost forgetting that you're on a machine called The Demon Drop.  Then...

You plunge to your death at warp speed!

Well, that also isn't true - but you're not sure...

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Leaving an inheritance that matters.

As Christian stewards and managers, we ought to be more concerned than we are about leaving an inheritance to our children and grandchildren.  After all, the bible says that, "A wise man leaves an inheritance to his children's children." But when you look at the statistics, you see that Christian families (as well as non-Christian families) aren't doing a great job at this.

Here are a few reasons why and why it matters more than you may think.

Leaving an Inheritance

I was reading an article from Next Avenue, and was intrigued at their conclusions on this matter.  Here's what they said were leading causes of families who fail to leave an inheritance correctly:

  • "Mostly, it related to a family’s ability to have meaningful, productive and honest conversations about the impact of money and the purpose of the wealth."
  • "Some of it was due to the heirs’ relationship to wealth. For example, whether they had a direction in life, understood basic personal...
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Let your kids catch you doing this! (no...not that!)

There is an old parenting adage that says that when it comes to raising children, "more is caught than taught".  If this is true, then maybe we should make sure that they catch us doing more of the right things.

Which makes me think:

What do I want my kids to catch me doing?

Here are a few ideas.

Let them catch you

Have you ever noticed that many of the things that you didn't like about your parents growing up - and the things that you swore you'd never do - are the very things that you do today? 

Maybe its the way you talk or respond or behave that is just like what you caught your parents doing years before.

It is one of the most frustrating things in the world when you find yourself doing what you swore you never would.

Thinking of this always reminds me of when the Apostle Paul said, " I do not understand what I do. For what I want to do I do not do, but what I hate - I do."

I hear ya, Paul.  I hear ya.

There's good news and bad...

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The importance of sharing your financial story with others.

You have a story to tell about your financial journey and it matters.  Do you know what it is?  Do you know how to tell it?  Do you know how to tell it in a way that makes people care?  It’s important that you do.

Why?

Because when it comes to money, we need Christians to share their stories about where they've been where they are and where God is leading them.

You’ve probably heard this analogy:  You can lead a horse to water, but you can’t make him drink.  (who knew horse analogies would still work so well in a non-agrarian culture!)

Although I have no experience with horses, I can understand this analogy and I bet you can too.  It means that horses are stubborn and they only drink when they want to.  Right? 

Kind of.

The idea is that people (like horses) can be lead where you want them to go.  But you can’t make them do what you want them to do by force.  You have to learn how to encourage them to...

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