Biblical Principles for Financial Success

1. Comunicación y Gerencia Biblical principles and actions to survive and thrive in the current financial climate – Part 6 Errol & Gerri Vassell www.safeguarded.co.uk

2. Teaching Overview • Orientation • Purpose for our finances • Obedience and our finances • Wisdom and our finances • Encouragement for our finances • Restoration of our finances

3. Teaching Tasters • Financial intelligence • The 10/10/80 Rule • (Earn, Taxed, Spend) or (Earn, Spend, Taxed) or (Earn, Spend, No Tax!) • How to get out of debt • The need for Savings and Investments • The need for Business Enterprises • The need for Charitable Organisations

4. Orientation • The Potential for our success explained in scripture • The Perversion for our success exposed in scripture • The Programme for our success established in scripture

5. Purpose for our finances • ‘Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches, but the living God, who giveth us richly all things to enjoy’ • ‘That they do good, that they be rich in good works, ready to distribute, willing to communicate’ • ‘Laying up in store for themselves a good foundation against the time to come, that they may hold on eternal life’ (I Tim 6 v 17-19)

6. Comunicación y Gerencia WhatdoestheBiblesayaboutpower and money?

7. Power and our finances Acts 1:8 (Amp) ‘But you shall receive power (ability, efficiency, and might) when the Holy Spirit has come upon you, and you shall be my witnesses in Jerusalem and all Judea and Samaria and to the ends (the very bounds) of the earth’.

8. Power and our finances Deuteronomy 8:18 ‘But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day’. (Please read Deuteronomy 8 v 11 – 22 for full context)

9. Power and our finances Genesis 12 v 1 - 3 (Amp) (Paraphased) The call of Abraham to get out (for his own advantage) from his country, from his relatives and from his father’s house. So that God will make him a great nation (generational) and bless him (with abundant favours) and make his name famous and distinguished, so that he can be a blessing! (See also Genesis 13 v 2, 17 v 2, 20 v 16)

10. Power and our finances • The steps of a good man are ordered by the Lord; and he delighteth in his way. • Though he fall, he shall not be utterly cast down: for the Lord upholdeth him with his hands • I have been young and now I am old; yet have I not seen the righteous forsaken, nor his seed begging bread. • He is ever merciful, and lendeth; and his seed is blessed. (Psalms 37 v 23 - 27)

11. Power and our finances • And Jabez was more honourable than his brethen: and his mother called his name Jabez, saying, Because I bare him with sorrow. • And Jabez called on the God of Israel, saying, Oh that thou wouldest bless me indeed, and enlarge my coast, and that thine hand might be with me, and that thou wouldest keep me from evil, that it may not grieve me! • And God granted him that which he requested. (1 Chronicles 4 v 9 - 10)

12. A Secret from the Word • Publish the Gospel! (The Bible and any book or materials based on Biblical principles are best sellers!) • Isaiah 52 v 7 says: ‘How beautiful upon the mountain are the feet of him that bringeth good tidings, that publisheth peace; that bringeth good tidings of good, that publisheth salvation; that saith unto Zion, Thy God reigneth!’

13. Group Exercise What scriptures / biblical stories, which clearly talks to us about power and money, are you familiar with? One example per group

14. My Favourite Bible Scriptures • A good man leaveth an inheritance to his children’s children: and the wealth of the sinner is laid up for the just (Proverbs 13 v 22 - see also Proverbs 19 v 14) Inheritance planning For wisdomis a defence and money is a defence (Ecclesiastes 7 v 12a) Defence

15. My Favourite Bible Scriptures • Ye have sown much, and bring in little; ye eat, but ye have not enough; ye drink, but ye are not filled with drink, ye clothe you, but there is none warm; and he that earneth wages earneth wages to put into a bag with hole (Haggai 1 v 6) Wages are being devoured by taxes, debt and general bills!

16. My Favourite Bible Scriptures • In all labour there is profit; but the talk of the lips tendeth only to penury or poverty (Proverbs 14 v 23) Decide your type of labour • The rich man’s wealth is his strong city: the destruction of the poor is their poverty (Proverbs 10 v 15) Be aware of the effects of poverty and riches!

17. Tax Basics • Tax Evasion • Tax Avoidance • Tax Mitigation (Tax Planning) Matthew 22 v 21 - ‘Render unto Caesar the things which are Caesar’s: and unto God the things that are God’s’

18. Tax Planning Individual Taxable Income Rate of Tax 0 – 2440 (savings only) 10% 0 – 37400 20% (Basic Tax) Over 37,400 40% (Higher Tax) Over 150,000 50% (Higher Earners Tax) Small Companies 21% (Up to 300,000) Medium Companies 21% - 28% (300,000 to 1,500,000) Large Companies 28% (Over 1,500,000) Charities Charitable activities tax exempt!

19. Comunicación y Gerencia God has goodplansforus Jeremiah 29 v 11(KJV) For I knowthethoughtsthat I havetowardyou, saiththe Lord, thought s of peace, and not of evil, togiveyouanexpectedend