Chances
are you have a “summer job” during the break from college or high school. If you live with your parents, you have no
rent to pay and mom is going to feed you.
So, the money you earn is yours to use as you wish.
Listen to
this. Never, ever spend 100% of any
money you receive. And that goes for
everyone; not just young people.
With the
paycheck you use for living expenses:
- Give or Tithe 10%
- Save or Invest 10%
- Live on 80%.
With other
money you receive as a windfall, gift, summer job where you don’t really need
the money to live on:
- Give or Tithe 25%
- Save or Invest 25%
- Enjoy 50%.
Or you can prayerfully
develop your own formula. But DON’T
SPEND 100%.
If you are not
a member of a church, mosque, synagogue, temple or you don't have place of worship
where you might tithe, find a charity in your community to cheerfully give the
10% ... or more.
Why am I telling
you this? Those who spend 100% of their
money will eventually need to borrow from those who save. Proverbs chapter 22
verse 7 says, “The rich rule over the
poor and the borrower is slave to the lender.”
Savers
become financially secure without trying. They put themselves in position to be generous. God bless
you. <><
Lloyd R. Johnson is the creator of Wisdom & God’s Money – a financial
planning system for churches, their members and the community. www.wisdomandgodsmoney.com.
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