Financial Class Notes — Tuesday, September 1, 2027

Financial Solutions, Part 3

We have to continue to make progress and thrive toward financial success.

1. Accountability

Romans 13:8 (KJV) — "Owe no man any thing, but to love one another: for he that loveth another hath fulfilled the law."

• We want to make sure we are accountable when it comes to the arena of money.
• If we owe people, we need to make sure we are doing what we are supposed to do.

Romans 13:8 (AMP) — "Keep out of debt and owe no man anything, except to love one another; for he who loves his neighbor has fulfilled the law."

• Don't make unnecessary bills — handle your business, get out and stay out.
• Stay away from credit cards.
• Stay away from loans and interest.
• Stay away from borrowing.

Romans 13:8 (MSG) — "Don't run up debts, except for the huge debt of love you owe each other."

• Be wise with your money, have discipline, and put limits on your spending.
• Let no debt remain outstanding; as believers we should be meeting all financial obligations.

Psalm 37:21 (ESV) — "The wicked borrows but does not pay back, but the righteous is generous and gives."

• We have to do right when it comes to money and paying bills.
• When we don't pay back it can seem dishonest — we are growing and learning.
• Make budget sheets.
• Write down what you owe.
• Listen to the Holy Spirit.
• Keep your credit good.
• Be trustworthy.

2. Shift Your Mentality

Proverbs 22:7 (KJV) — "The rich ruleth over the poor, and the borrower is servant to the lender."

• You want to be dependent on God, not people — not a servant to anyone but the Lord.
• God wants to shift our mentality: we are supposed to be the head and not the tail.
• Shift our mentality.
• Shift our status.
• Shift our perspective.
• Shift our plans.

It is wise to avoid unnecessary debt and strive for financial independence.

3. Biblical Stewardship

Embrace the biblical principle of stewardship — managing resources wisely and living within your means to avoid the pitfalls of debt.

• Work on your credit.
• Pay bills consistently.
• Don't try to live over your head.
• Know who and what you owe.

4. Manage What You Have

• Investments — be business minded; don't be limited to 40 hours.
• Insurance — be covered for unexpected emergencies.
• Income — we always need income; more coming in than going out.

Practical Tips

• Listen to God.
• Determine needs vs. wants.
• Pay bills on time (avoid late fees).
• Develop a relationship with your bank.
• Maximize profits.
• Track cash flow.
• Build up your emergency fund.
• Set financial goals.
• Factor in the fun.