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    Thursday, 21 September 2017

    SAVING TO PROSPER



    We thank God For Today’s Ministration. It was Amazing!!!
    Theme: Power to get Wealth
    Topic: Saving to Prosper
    Text: Deut 8:18.
    Speaker: Mrs Ada Udechuckwu.

    Saving is income not spent, or deferred consumption.  
    In the active period of our life, We must keep something for the future , Even as Ant that are not strong but prepare for summer by working diligently to accumulate as much food as possible (Proverb 30:25). The following scriptural texts enumerate on why we save for rainy day. (Proverb 21: 20, Proverb 12:27, Proverb 27:24)

    RULE/PRINCIPLE FOR SAVINGS

    v Save before spending: 1. Pay God first(Tithe)  2. Pay yourself (saving) 3. Live on the rest( spending).

    WHY WE SAVE.
    ·        For future use
    ·        Establish your budget.
    ·        Saving For Emergency Funds
    ·        Saving for retirement .

    BENEFITS IN SAVING
    ·        Saving creates Opportunities in life (Ecc 9:11)
    ·        Nothing seems too expensive
    ·        Achieving dreams and goals
    ·        Security in old age
    ·        Saved money multiplies
    ·        Protection from disaster

    STEPS TO FINANCIAL SUCCESS
    ·        Diligence
    ·        Consistency.
    ·        Time
    ·        Discipline
    ·        Sacrifices luxuries items- Needs Supercedes Wants (Opportunity cost)
    ·        Reduction in spending by saving money in bank and not in MMM(Money making Machine)
    ·        Stop procrastination
    ·        Be a generation of tomorrow’s people and not yesterday and today.
    ·        Financial counselling

    CONCRETE STEPS FOR ACTION
    ·        Set goals
    ·        Assess current situation
    ·        Develop action plans
    ·        Put your plan into actions
    ·        Track your progress
    ·        Celebrate your success.

    Conclusively, Saving must be your priority in life because its a command. (Mathew 25: 14-30).

    NOTE: SAVE AS YOU TITHE. GOD BLESS YOU RICHLY IN JESUS NAME




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