A Bible Study prepared by Mark Kelldorf

On monday October 12, 2015 Mark Kelldorf and the Bible study men talked about finances.

“CHRISTIANS IN THE BUSINESS WORLD”

▲ SUCCESS:

Most People (young/old) want to be:

√ Successful

√ Able to provide for their families

√ Save for their future/retirement

  • They first want: “success”…. by the world’s definition: The attainment of wealth, favor, position of authority, prominence or superiority! High rank in title!
  • Unfortunately, success BREEDS a want for more success with never any true contentment. Causing us to ask: When is enough, enough? OR “Is it ever enough?

THEN…IT LEADS TO:

▲ COVETING WHAT OTHERS HAVE.

DEUTERONOMY 5: 21 (COMMANDMENT #10)

21 “You shall not covet your neighbor’s wife. You shall not set your desire on your neighbor’s house or land, his manservant or maidservant, his ox or donkey, or anything that belongs to your neighbor.”

▲ WHY I WORK:

  • We usually say, I am:

√ Working long hours, OR

√ Sacrificing for my family, thus, I end up not attending family events, family dinners, etc.

  • Gentlemen, in truth, most of us, myself included, work because we:

√ Love to work

√ Covet the power

√ Enjoy the feeling of success, and

√ Pridefully want the accolades and accomplishments we receive.

  • We say: “I want to give my family MORE. But, the MORE should be:

√ Giving them our TIME

√ Giving them GOD’S WORD

√ Showing them GOD’S LOVE

  • One of the greatest gifts to our children, or our family, is “THE EXAMPLE” of how we live our life as:

√ Husband

√ Father

√ Friend

1 PETER 5: 2–4

2 Be shepherds (leaders) of God’s flock that is under your care, serving as overseers–not because you must, but because you are willing, as God wants you to be; not greedy for money, but eager to serve; 3 not lording it over those entrusted to you, but being examples to the flock. 4 And when the Chief Shepherd appears, you will receive the crown of glory that will never fade away.

FINANCIAL DECISIONS

▲ WHEN MAKING IMPORTANT FINANCIAL DECISIONS:

  • Get wise/Godly people’s input or counsel.
  • Focus on what you know! OR Learn about the investment first before investing.

√ Even to the point of who is in control of the decision making within the

company (management).

NUGGET # 1

You will never see a deal on paper that “doesn’t work”.

The objective of the salesman is to:

√ Make the investment look fool proof, safe.

√ Attack your greed, not necessarily your need.

NUGGET #2

In an investment deal: Salesman says…

“Great opportunity, but I need an answer now.”

● May be as simple as buying a car or a house, or

● As complex as a mega million dollar transaction

“The psychology of the salesman is the same, make the sale to you as quick as possible.”

YOUR ANSWER SHOULD BE: “NO!”

We must all understand:

  • You NEVER have limited liability.
  • You can be sued or sue someone for $200.

FALSE CONCEPT: If I only had more money, I would be financially free.

We believe this because we lack contentment!

DEBT

▲ OTHER’S DEBT:

PROVERBS 22: 26

26 Do not be a man who strikes hands in pledge or puts up security for debts;

The verse is speaking more to… there is wisdom in being slow to countersign a note or to be liable for another person’s debt.

▲ YOUR DEBT:

If in debt, no more than 15% — 20% of your net worth should be debt related investments or at risk.

NUGGET #3:

Do not be on the hook for any debt that could wipe you out!

  • Recognize the early warning signs.

FOR EXAMPLE:

NUGGET #4:

If it’s too good to be true, it is probably not true!

JEREMIAH 17: 5–8 “NOT SEE PROSPERITY”

5 This is what the LORD says: “Cursed is the one who trusts in MAN, who depends on flesh for his strength and whose heart turns away from the LORD. 6 He will be like a bush in the wastelands; he will not see prosperity when it comes. He will dwell in the parched places of the desert, in a salt land where no one lives. 7 “But blessed is the man who TRUSTS IN THE LORD, whose confidence is in him. 8 He will be like a tree planted by the water that sends out its roots by the stream. It does not fear when heat comes; its leaves are always green. It has no worries in a year of drought and never fails to bear fruit.”

THREE GOOD PRINCIPLES OF MONEY & FINANCES:

  1. Spend less than you earn.
  2. Save for the future — “JOSEPH PRINCIPLE”
  3. Avoid “Get Rich Quick” schemes — “Usually too good to be true.”

▲ FOR FINANCIAL FREEDOM, ONLY BUY WHAT YOU NEED, NOT WHAT YOU WANT!

▲ TWO KEY WORDS TO FINANCIAL FREEDOM “BIBLICALLY BASED:” (AS IT RELATES TO THE ABOVE THREE PRINCIPLES)

  • Discipline
  • Sacrifice

FAITH & FINANCES

- Name it, claim it mentality!

- Ask…Is this for God’s glory or yours?

- Bottom line, all we really want is PEACE!

  • Putting anything ahead of God will guarantee one thing for sure: “NO PEACE.”

JAMES 3: 13–16

13 Who is wise and understanding among you? Let him show it by his good life, by deeds done in the humility that comes from wisdom. 14 But if you harbor bitter envy and selfish ambition in your hearts, do not boast about it or deny the truth. 15 Such wisdom” does not come down from heaven but is earthly, unspiritual, of the devil. 16 For where you have envy and selfish ambition, there you find disorder and every evil practice.

RECAP:

THE 5 FUNDAMENTAL MONEY MANAGEMENT PRINCIPLES:

All are rooted in God’s Word:

  1. Live within your income. Do you have a budget? Are you spending less than you earn?
  2. Avoid debt, or use debt wisely. Are you avoiding the debt trap?
  3. Save. Are you saving a portion of your income? Do you have emergency funds?
  4. Set long-term goals. Are you organizing your financial life around a set of priorities?
  5. Understand that God owns it all. That means we’re just stewards, managers, or trustees of God’s resources. Ultimately, even if we lost everything, it would still be okay because it’s His.
  • In 35+ years of owning this company, I have noticed a pattern of the economy… no matter what kind of business you are in!

̶ Change will occur and there are always financial High and Low cycles!

So…

  • Difficult times for most people…. should translate into opportunities for you!

Turning lemons into lemonade.

SO HOW IS THIS POSSIBLE?

THE JOSEPH PRINCIPLE

Who was Joseph?

  • One of Jacob’s (Israel) 12 sons.
  • His father’s favorite (this will get you in trouble).
  • Hated by his other brothers (jealous).
  • Sold into slavery by his brothers.
  • Wrongfully put into an Egyptian prison.
  • While in prison, God gifted him with the ability to interpret dreams.

GENESIS 41: 1–43

1When two full years had passed, Pharaoh had a dream: He was standing by the Nile, 2 when out of the river there came up seven cows, sleek and fat, and they grazed among the reeds. 3 After them, seven other cows, ugly and gaunt, came up out of the Nile and stood beside those on the riverbank. 4 And the cows that were ugly and gaunt ate up the seven sleek, fat cows. Then Pharaoh woke up. 5 He fell asleep again and had a second dream: Seven heads of grain, healthy and good, were growing on a single stalk. 6 After them, seven other heads of grain sprouted — thin and scorched by the east wind. 7 The thin heads of grain swallowed up the seven healthy, full heads. Then Pharaoh woke up; it had been a dream. 8 In the morning his mind was troubled, so he sent for all the magicians and wise men of Egypt. Pharaoh told them his dreams, but no one could interpret them for him. 9 Then the chief cupbearer said to Pharaoh, “Today I am reminded of my shortcomings. 10 Pharaoh was once angry with his servants, and he imprisoned me and the chief baker in the house of the captain of the guard. 11 Each of us had a dream the same night, and each dream had a meaning of its own. 12 Now a young Hebrew was there with us, a servant of the captain of the guard. We told him our dreams, and he interpreted them for us, giving each man the interpretation of his dream. 13 And things turned out exactly as he interpreted them to us: I was restored to my position, and the other man was impaled. ” 14 So Pharaoh sent for Joseph, and he was quickly brought from the dungeon. When he had shaved and changed his clothes, he came before Pharaoh. 15 Pharaoh said to Joseph, “I had a dream, and no one can interpret it. But I have heard it said of you that when you hear a dream you can interpret it.” 16 “I cannot do it,” Joseph replied to Pharaoh, “but God will give Pharaoh the answer he desires.” 17 Then Pharaoh said to Joseph, “In my dream I was standing on the bank of the Nile, 18 when out of the river there came up seven cows, fat and sleek, and they grazed among the reeds. 19 After them, seven other cows came up — scrawny and very ugly and lean. I had never seen such ugly cows in all the land of Egypt. 20 The lean, ugly cows ate up the seven fat cows that came up first. 21 But even after they ate them, no one could tell that they had done so; they looked just as ugly as before. Then I woke up. 22 “In my dream I saw seven heads of grain, full and good, growing on a single stalk. 23 After them, seven other heads sprouted — withered and thin and scorched by the east wind. 24 The thin heads of grain swallowed up the seven good heads. I told this to the magicians, but none of them could explain it to me. ” 25 Then Joseph said to Pharaoh, “The dreams of Pharaoh are one and the same. God has revealed to Pharaoh what he is about to do.

GENESIS 41: 1–43 (continued)

26 The seven good cows are seven years, and the seven good heads of grain are seven years; it is one and the same dream. 27 The seven lean, ugly cows that came up afterward are seven years, and so are the seven worthless heads of grain scorched by the east wind: They are seven years of famine. 28 “It is just as I said to Pharaoh: God has shown Pharaoh what he is about to do. 29 Seven years of great abundance are coming throughout the land of Egypt, 30 but seven years of famine will follow them. Then all the abundance in Egypt will be forgotten, and the famine will ravage the land. 31 The abundance in the land will not be remembered, because the famine that follows it will be so severe. 32 The reason the dream was given to Pharaoh in two forms is that the matter has been firmly decided by God, and God will do it soon. 33 “And now let Pharaoh look for a discerning and wise man and put him in charge of the land of Egypt. 34 Let Pharaoh appoint commissioners over the land to take a fifth of the harvest of Egypt during the seven years of abundance. 35 They should collect all the food of these good years that are coming and store up the grain under the authority of Pharaoh, to be kept in the cities for food. 36 This food should be held in reserve for the country, to be used during the seven years of famine that will come upon Egypt, so that the country may not be ruined by the famine.” 37 The plan seemed good to Pharaoh and to all his officials. 38 So Pharaoh asked them, “Can we find anyone like this man, one in whom is the spirit of God[a]?” 39 Then Pharaoh said to Joseph, “Since God has made all this known to you, there is no one so discerning and wise as you. 40 You shall be in charge of my palace, and all my people are to submit to your orders. Only with respect to the throne will I be greater than you. ” 41 So Pharaoh said to Joseph, “I hereby put you in charge of the whole land of Egypt.” 42 Then Pharaoh took his signet ring from his finger and put it on Joseph’s finger. He dressed him in robes of fine linen and put a gold chain around his neck. 43 He had him ride in a chariot as his second-in-command,[b] and people shouted before him, “Make way[c]!” Thus he put him in charge of the whole land of Egypt.

▲ GODLY PRINCIPLE:

In our lives, there will be times of feast and famine.

Always store up wealth in the times of feast so that you can survive and excel in the times of famine.

  • If there’s one thing we should all know, it is that the greatest barrier to FAITH is FEAR.

We ask:

What key economic indicator should I look at to determine where the economy is headed? Look at your checkbook, because it’s the only thing you ultimately have control over.

Inflation, deflation, stock market booms and busts, trade balances and imbalances — You have no control over these; but you can control how you spend your money.

STEWARDSHIP

Biblical stewardship is the use of God-given gifts and resources (time, talent, treasure, truth, relationships) for the accomplishment of God-given goals.

NUGGET #5:

The sooner that we realize that “GOD” not “Us” owns everything, that we are temporary managers of what God allows us to have, then…

IF WE UNDERSTAND THIS:

THEN:

FINANCIAL FREEDOM IS ON THE WAY!

√ We must answer the question: Who is this really all about, what is my

purpose for wanting success or financial freedom?

√ My Glory or God’s Glory?

GALATIANS 1: 10

10Am I now trying to win the approval of men, or of God? Or am I trying to please men? If I were still trying to please men, I would not be a servant of Christ.

  • Understand the difference between:

Ownership: → GOD’s Rights

Stewardship: → Our Responsibilities

(of God’s Resources)

  • As stewards of God’s resources, we may receive benefits while meeting our responsibilities; but as the owner, God retains all possessions and all assets.
  • It’s like the property where I now live. I manage the household and yard for now, but that land was here long before I came into the world, and it will be here long after I’m gone.

NUGGET #6:

Pray before every decision Big/Small: You may not see the ultimate implication until it’s too late.

MONEY

√ The word MONEY and prosperity is mentioned 2300 times in the Bible.

The most discussed “SUBJECT” in the Bible.

MONEY IS PART OF OUR GROWTH PROCESS:

God uses money and material possessions in our lives as a tool, a test, and a testimony (an example to others). The apostle Paul seems to have mastered this growth process:

PHILIPPIANS 4: 11–12 (Contentment)

11I am not saying this because I am in need, for I have learned to be content whatever the circumstances. 12I know what it is to be in need, and I know what it is to have plenty. I have learned the secret of being content in any and every situation, whether well fed or hungry, whether living in plenty or in want.

  • So what is the secret of being content?

PHILIPPIANS 4: 13

13 I can do everything through Christ Jesus who gives me strength.

  • SO LET’S LOOK AT WHAT MONEY IS NOT:

Money is not a measure of our self-worth.

Money is not a reward for godly living.

Money is not a guarantee of contentment.

Money should never define who we are.

  • LOVE OF MONEY:

1 TIMOTHY 6: 6–10

6 But godliness with contentment is great gain. 7 For we brought nothing into the world, and we can take nothing out of it. 8 But if we have food and clothing, we will be content with that. 9 Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. 10 For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

Our attitude toward wealth becomes an example to others, our way of testifying to the world how we feel about God.

NUGGET #7:

Where a man spends His money: indicates who His God is? Where His heart is!

  • Decision making is a team sport (if married, include your spouse):

̶ Especially Big Items!

̶ When you lack Experience or Knowledge

√ Go to God first (Prayer/Scriptures)

√ Wife

√ Godly Counsel

NUGGET #8:

REMEMBER: SELF WORTH DOES NOT = NET WORTH

Will Rogers said, “Too many people spend money they haven’t earned, buying things they don’t want to impress people they don’t like.”

HOW MUCH IS ENOUGH?

Two Questions:

  • Will I ever have enough?
  • Will it continue to be enough?

KING SOLOMON (THE WISEST MAN THAT EVER LIVED) SAID:

ECCLESIASTES 5: 10

10 Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.

WHERE IS YOUR HEART?

MATTHEW 6: 19–21

19“Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. 20But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. 21For where your treasure is, there your heart will be also.

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