The Best Advice

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Have you ever been given great advice you just didn’t take it?  The problem with good advice we failed to take is that it’s only after we’ve already gone way down the road that we realize our misstep.  And many times it just leaves us looking backward with regret wishing we would’ve done things differently. How do we make sure we don’t miss the best advice God has for us in stewarding our finances?  In this week’s installment of Keep It Simple, Ryan shares the best advice he didn’t take. And how God’s Word brings incredible wisdom and clarity in how to step out from under the financial pressure and experience financial peace.

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Scripture

  • Proverbs 13

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Teaching Notes

How do you truly experience financial peace?

Is financial peace even possible in the Silicon Valley?

 

FINANCIAL PEACE: Simply REVERSE the order.

 

Normative Practice: Financial Peace:

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CONSUME what you make → GIVE to God first

SAVE if you can → SAVE / INVEST second

GIVE if there’s any left → LIVE on the rest 

 

THE BEST ADVICE

 

How do you build wealth that leaves a lasting legacy?

 

Perspective: There is MORE to life than having MORE in life.

 

“Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.” Jesus [Luke 12:15]

 

Practice: There is no SECRET FORMULA, simply SPEND less than you MAKE.

 

Dishonest money dwindles away, but whoever gathers money little by little makes it grow. Proverbs 13:11

 

Stop BUYING things you cannot AFFORD.

 

One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth. Proverbs 13:7

 

Whoever loves pleasure will become poor; whoever loves wine and olive oil will never be rich. Proverbs 21:17

 

Get out of DESTRUCTIVE DEBT.

 

The rich rule over the poor, and the borrower is slave to the lender. Proverbs 22:7

  • Make getting out of debt your top PRIORITY. 
  • Cut NON-ESSENTIAL spending 
  • Save $1,000 as quickly as you can.
  • Use the Debt SNOWBALL technique.

 

Invest for the FUTURE.

 

A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous. Proverbs 13:22

 

The wise store up choice food and olive oil, but fools gulp theirs down. Proverbs 21:20

 

  • Build a 3-month EMERGENCY FUND.

  • Save up for Big PURCHASES & TRIPS.

  • Leverage the magic of COMPOUNDING interest.

  • Automate to stay DISCIPLINED.

 

Don’t DELAY what you can do TODAY.

 

The 2nd step to financial peace is to SPEND less than you MAKE.