session summary...session summary: in this session ron shares his definition of biblical...

Session 9 Kingdom Advisors Training 1 © Copyright Kingdom Advisors 2009

Biblical Stewardship – Session 9

Session Summary: In this session Ron shares his definition of Biblical Stewardship, and the resulting implications and key principles of Biblical Stewardship. The possibly uses of money are also explored. Preview Perspective and Paradigms Principles and Precepts (Biblical Wisdom) Processes and Understanding Personal Convictions (Biblical Philosophy) Practice (Client Counsel) Preview

To Know: What is Biblical stewardship The implications of Biblical ________________ There are only 5 uses of money The 4 transcendent planning principles of financial success The 3 transcendent principles of financial decision-making The 3 fundamental financial ____________ questions to be asked


To Believe: An understanding of Biblical stewardship is foundational to financial life

planning. All spending decisions have ____________ and temporal consequences. The 5 uses of money simplify financial decision making. All planning begins with goal setting. God ________ it all. To-do Behavior: Be able to articulate with __________ a Biblical mindset of stewardship. Lead your clients to a stewardship mentality skill set. Apply the 5 uses of money chart to most client counseling situations. Perspectives and Paradigms Five “P’s”: _____________ of prosperity Economic perspective Principles ____________ economic conditions Planning is how you apply principles Paradigms determine planning priorities Historical Stock Market Levels (Dow Jones): February 8, 1942 – 109.56 February 8, 1952 – 269.85 February 8, 1962 – 716.82 February 8, 1972 – 907.13 February 8, 1982 – 833.43 February 8, 1992 – 3,225.40 February 8, 2002 – 9,744.24 February 8, 2012 - ? Paradox of Prosperity The more you have, the more choices you have which results in greater confusion and complexity to life. The more you have the less real _____________ you have.


“With every increase in technology there is a corresponding decrease in leisure time.” Peter Drucker Economic Perspective 2002 Recession War on Terrorism Corporate _________ Personal Debt Stock Market Decline Interest Rate Decline

1992 Trade Deficit Budget __________ War in Middle East Recession Political Uncertainty 1982 Prime lending rate 21% Mortgage rates at 14%+ Double digit inflation Gold $800 per oz. Silver $50 per oz. Oil ________ Inflation Mindset 1972 Oil embargo Wage price __________ Watergate 10% prime rate


1962 Cuban missile ________ Khrushchev at U.N. Cold war Vietnam war Recession 1952 Korean war Cold war Berlin wall Bomb shelters as best sellers 1942 Pearl Harbor World War II Cycles in Our Economy Are a Fact Banks\S&L’s Farm Prices ________ Housing Inflation Interest Rates Oil Prices Stock Market Tax Reform No trend lasts forever. “Forecasting is difficult, especially about the ___________.” Chinese Proverb “I never skate to where the puck is, but to where the puck is going to be.” Wayne Gretzky


Economic Perspective: Economic uncertainty is certain. Economic prosperity is certain only in ______________. Economic cycles are normative. The future cannot be predicted.

You don’t know what you don’t know. Principles Transcend Economic Conditions Principles and Precepts Stewardship Passages: Yours, O LORD, is the greatness and the power and the glory and the majesty and the splendor, for everything in heaven and earth is Yours. Yours, O LORD, is the kingdom; You are exalted as head over all. Wealth and honor come from You; You are the ruler of all things. In Your hands are strength and power to exalt and give strength to all. (I Chronicles 29:11-12 NIV)

Parable of the Talents (Matthew 25:14-30) The Lord answered, "Who then is the faithful and wise manager, whom the master puts in charge of his servants to give them their food allowance at the proper time? It will be good for that servant whom the master finds doing so when he returns. I tell you the truth, he will put him in charge of all his possessions. But suppose the servant says to himself, 'My master is taking a long time in coming,' and he then begins to beat the menservants and maidservants and to eat and drink and get drunk. The master of that servant will come on a day when he does not expect him and at an hour he is not aware of. He will cut him to pieces and assign him a place with the unbelievers. "That servant who knows his master's will and does not get ready or does not do what his master wants will be beaten with many blows. But the one who does not know and does things deserving punishment will be beaten with few blows. From everyone who has been given much, much will be demanded; and from the one who has been entrusted with much, much more will be asked. (Luke 12:42-48 NIV)

Biblical Stewardship Defined: Biblical stewardship is the use of God-given _______________ (time, talent, treasure, truth, relationships, etc.) for the accomplishment of God-given goals/objectives. Question: What are the practical consequences (implications) of accepting the Biblical definition of stewardship vs. the worldview of Biblical stewardship?


Implications of Biblical Stewardship: 1. Stewardship is the only area of the Christian life that cannot be _______.

The way we spend our money is a measure of our real priorities. "Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moth and rust do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also. (Matthew 6:19-21 NIV)

2. Every spending decision is a spiritual decision. 3. God can take whatever He wants _____________ He wants.

Believing this is the key to financial freedom. Planning is How You Apply Principles Processes and Understanding


The 5 short-term uses of money: 1. Living Expenses 2. ___________ 3. Taxes 4. ________ Repayment 5. Cash Flow Margin

Productive Uses

1. Giving On the first day of every week, each one of you should set aside a sum of money in keeping with his income, saving it up, so that when I come no collections will have to be made. (I Corinthians 16:2 NIV)

2. Saving/Investing Dishonest money dwindles away, but he who gathers money little by little makes it grow. (Proverbs 13:11 NIV)

Obligations Debt Repayment

The wicked borrow and do not repay, but the righteous give generously. (Psalms 37:21 NIV)

_________ Give everyone what you owe him: If you owe taxes, pay taxes; if revenue, then revenue; if respect, then respect; if honor, then honor. (Romans 13:7 NIV)

Lifestyle 1. Provide

If anyone does not provide for his relatives, and especially for his immediate family, he has denied the faith and is worse than an unbeliever. (I Timothy 5:8 NIV)

2. Contentment But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that. (I Timothy 6:6-8 NIV)


The 6 long-term uses of money: Financial Independence ______________ Giving Freedom from Debt Lifestyle Desires Family _________ New Business

The planning process is simplified by reducing it to 5 short-term uses of money and 6 long-term goals/objectives.


Financial Planning: The continuous predetermined allocation of limited financial resources to unlimited changing alternatives. 4 Transcendent Planning Principles of Financial Success: 1. Spend less than you ________.

Dishonest money dwindles away, but he who gathers money little by little makes it grow. (Proverbs 13:11 NIV)

2. Avoid the use of debt.

The rich rule over the poor, and the borrower is servant to the lender. (Proverbs 22:7 NIV)

3. Build _____________. Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest. (Proverbs 6:6-8 NIV)

4. Set long-term goals. I press on toward the goal to win the prize for which God has called me heavenward in Christ Jesus. (Philippians 3:14 NIV)

3 Transcendent Financial Decision-Making Principles: There are no independent financial decisions. The longer term the perspective, the better the financial decision ______. Financial maturity is being able to give up today’s desires for future benefits.


Personal Convictions

Ron’s personal convictions on Biblical stewardship: 1. Stewardship is the only area of the Christian life that cannot be faked.

The way we spend our money is a measure of our real priorities. (Matthew 6:19-21)

2. Every spending decision is a _____________ decision. 3. God can take whatever He wants whenever He wants. Believing this is the key to financial freedom. 4. There are 4 transcendent planning principles of financial success:

Spend less than you earn. Avoid the use of debt. Build ____________. Set long-term goals.

5. There are 3 transcendent financial decision-making principles: There are no independent financial decisions. The longer term the perspective, the better the financial decision

today. Financial maturity is being able to give up today’s desires for

______________ benefits.

Practice:

To-Do Behavior: Be able to articulate with __________ a Biblical mindset of stewardship. Lead your clients to a stewardship mentality skill set. Apply the 5 uses of money chart to most client counseling situations.

3 Fundamental Questions All of us Have to Answer: Who _______ it? How much is enough? Is the next steward __________ and prepared?

Symptoms of Stewardship: Proportionate giving _____________, debt free lifestyle Taxes paid with integrity and thanksgiving


Jointly set financial goals _________________ Please take the time to complete your first pass at your own personal convictions related to this session on the “Personal Convictions Worksheet.”

session summary...session summary: in this session ron shares his definition of biblical...

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