Open the Bible and Change Your Finances With These 7 Biblical Financial Guidelines! #Finance

foreign perspectives where you’re invited to gain Insight wisdom and knowledge about how Christians integrate their faith life and Finances with the biblical

worldview here’s your Christian Financial advisor’s host Bob Barber and his co-host Sean Peters welcome to another episode of Christian Financial perspectives we’re so glad that you joined us today or tonight whatever time it happens to be when you’re watching this and if

you like topics covering Finance but from a Christian perspective then we’d love for you to hit that subscribe Button as still we got about 80 percent of those watching the CashNews.cos

aren’t subscribed which means you’re missing out on all the awesome updates that we’re putting out so and if you like this particular CashNews.co be sure to hit that like button as well today we’re going to be covering seven biblical Financial guidelines and we hope this

will be helpful to you Bob you want to give us a little intro on this you know what is funny what you’re saying you can watch this anytime a day of the night you know I did radio for for eight years in Texas on San Antonio Austin Houston and Corpus Christi and you had to be there right at

that time if you wanted to hear the program it’s before any of this ever came out so boy I’d love this technology where you can you can any time of the day you can watch this so yeah Sean today we’re going to be talking about seven biblical Financial guidelines and um

there’s just seven and so many of these this is a lot of common sense but a lot of wisdom and this is taken from God’s word so I’m excited to be bringing this to Christian Financial perspectives the first one is really a novel idea especially here in America so and you know you

you ready yeah okay let’s do it spend less than you earn who would have thunk it so don’t spend more than you made an Income that’s exactly right now that’s not like our government you can’t just raise the Debt ceiling but yes spend

less than you earn what’s the scripture Proverbs 21 20 and the house of the wise are stores of choice food and oil but a foolish man devours all he has it’s kind of pretty tough there isn’t it a foolish man devours all he has well you know Bob our Channel I think is a little

different than some of the quote Financial gurus out there because most of the time you have people who are cherry picking certain stocks they that they did really well on they don’t talk about you know the other 90 that they did terrible on or they’re talking about how if you follow

their advice how how wealthy you’re going to be and how how many thousands of dollars per day you’re making but it’s always interesting because most of those people make money specifically on selling their courses and and the idea that they actually are are doing really well but

what we’re talking about here with Biblical Financial guidelines honestly is probably a little less flashy a little less boring because these are based on scripture it’s based on truth it’s not based on just hype there’s no hype here yeah so less than you earn so just kind

of okay that’s giving you a little bit of a setup here that you know again these are not going to be something that makes you rich in one day you know these are things that they’re biblical Financial guidelines and if you follow them they might not be flashy but it will definitely make

a positive impact they will work over time they’ve been tried and proven that’s right over thousands of years the second one is control the use of Debt what yes control the use of Debt and you know why the Bible is very clear on this it tells us in

Proverbs 22 7 that the rich rule over the poor that’s like the banks okay and the borrower is slave to the lender and when we say the control the use of Debt I I know it’s very hard like to buy a home yeah Debt free yeah but but I’m hoping

that’s the only Debt that you have no other Debt at all as you get older there’s no reason to borrow money for a car you know maybe the cars are so expensive nowadays but just buy a cheaper car until you can save up a little bit longer and and keep

driving the one that you have that’s right but you know this kind of goes back to number one it’s been less than you earn there’s a difference between buying a home especially when you’re younger you know and you don’t have a lot of Assets saved up

there’s a difference between using that Debt to buy a home and using Debt like a Credit card to Finance going out to

eat too often right you know just to buying stuff that you don’t actually need to live so be careful with that you know Rachel laughs at me because she goes Bob you don’t like to spend money on anything unless you know it’s an investment you’re going to get some money back

and I’m kind of like that that that’s in my mind I think that’s a good trait when you’re a financial advisor yeah I do too so yeah the use of Debt in a mortgage instant you know you get the tax deduction on the interest and appreciating asset over time

Real Estate’s proven to be that well not only that Bob but especially if it’s for your primary residence you’re going to pay rent or you’re going to pay a mortgage there isn’t really any other option but my dad you know my dad was a funny guy and he

said whether you uh whether you rent or whether you buy you pay for the place you occupy all right the third one save consistently and build reserves yes sir this scripture is Proverbs 6 6-8 go to the ant you sluggered 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 when you were a little kid did you ever like to watch the ants oh yeah you know they they’d go back and forth and are always working and I think it’s interesting that it says go to the aunt you Slugger I mean my goodness

okay okay exactly exactly you got it the fourth one is give the worthy causes because you know what it does when you give the worthy causes it breaks the chain of selfishness and it is truly more blessed to give than receive in second Corinthians 9 7 says each of you should give what you’ve

decided in your heart to give not reluctantly or under compulsion for God loves a cheerful Giver okay that’s right so smile when you’re giving yeah and and I love that Breaking the Chain of selfishness because when you give and you give not reluctantly or under compulsion but but you

give joyfully yeah and with a purpose yeah it’s it it makes such an impact on the rest of your life not just the financial part but it just kind of gives you this this piece that okay God I’m trusting you like you’re asking me to give you’re asking me to help others

I’m giving out of what I’ve received and it’s like you like we say I mean it’s hard to be selfish when you’re focused on okay God what do you want me to give to yeah exactly you’re not holding onto that money so tight and just making that fist well you know when

you hold on money tight like that that causes tension right so let loose and God owns it all Psalms 24 1 says the Earth isn’t is the Lord’s and everything in it number five invest wisely and diversify a scriptural principle behind this was from Solomon who’s who said invest in

seven Ventures yesterday and eight for you do not know what disaster may come upon the land so you know Ecclesiastes 11 2. did I say a different one I don’t think you said the scripture oh okay I’m sorry about that no Ecclesiastes 11 2 exactly um and I did yeah I just said Solomon

because I know he wrote Ecclesiastes but Solomon did not go put all of his money in just stocks if they were here today he wouldn’t put them all in stocks would he or all in Bonds or all in Real Estate boy that’s a big one you know a lot of people put

all their money in Real Estate they think that’s the way to go all your money in Gold no is he he Diversified his funds amongst many different types of Investments and just think of that of all the different ways that we can invest today you know we we go

back a few podcasts where we talked about all the sectors that that and there’s there’s like 11 to 12 different sectors to invest in so you could still invest in stocks but be very Diversified actually and even having the 12 sectors that’s correct that’s right so number six

manage risk this is for health disability life auto home and liability Insurance yep you know and that really that’s what you got to remember on on the Insurance is that it’s about managing your risk that’s really all it’s for it’s

another another term that I’ve heard for Property and Casualty Insurance life Insurance all these different types of Insurance is Risk Management yeah okay I think the easiest one Bob for people to think about is your life

Insurance you know people think of oh life Insurance if something happens to me my family gets a lot of money because it’s payout yeah but the reason why life Insurance is is so important to have especially when you’re younger if you

get term life Insurance when you’re young it’s not expensive but they’re cheap yeah exactly but the risk that you’re managing is that if something should happen to you when you’re younger and you haven’t been able to build up any retirement

Assets it helps take care of your of your family yeah but because its term and it’s going to expire after a while you need to make sure that the other part of this equation is saving and investing wisely so over time as the Insurance is expiring you actually

have your own hard Assets because that’s managing because at my age I won’t be 61 in June life Insurance is expensive I wouldn’t even want to know how much would be it’s a lot but you know what another thing that you need to be very aware of

is managing risk with auto Insurance and you know you’ve heard it pay for what you need you know well wait a second what do you need you need enough to cover you and to buy auto Insurance or home Insurance just based on Price is foolish okay

it’s very foolish you need to base it based on coverage because when that time happens you’re going to not you’re going to wish that you bought adequate coverage and I’ve seen coverage so if you’re just trying to get the coverage to get by it is not going to cover you

and you’ve got all these guys out here in our area we got the what we call the 444 poor guy he’s the yeah he’s the an attorney the local attorney that advertises here and you know they’re just out suing people left and right that’s how they’re making their money

and you don’t have a lot of Insurance to cover you they’re going to go after your other Assets exactly Insurance is there to help you especially liability Insurance I like liability like an umbrella policy right

covering you okay this brings us to the last one let’s not forget our scripture though okay we do need to read the scripture for me absolutely this goes with risk proverbs 4 6 do not forsake wisdom and she will protect you love her and she will watch over you yep that’s saying that

it’s I thought I picked that because I thought well that is wisdom to manage risk right that’s right and number seven know your financial condition Proverbs 27 23-24 be sure you know the condition of your flocks give careful attention to your herds for riches do not endure forever and a

crown is not secure for all generations that is basically saying write down all of your Assets write down all your Liabilities we call it a Balance Sheet around here and and you know we’ve gone through the financial plan and I’d invite

you to go back and watch the one that we did the interactive integrative financial plan I I can pull up my financial condition 24 7 with just just to you know click and there it is because it’s updating every single day and I know what my financial condition is yeah Sean you’d be

surprised how many people do not know their financial condition they don’t they don’t understand their Assets and their Liabilities and their Net Worth yeah and if you’re if your Net Worth if your

Liabilities are higher than your Net Worth this is where you need some help most definitely and so as we come to the end today of this the seven guidelines for biblical financial principles we want to help make sure that you put these in order and you use these

biblical Financial guidelines Sean I’ve never seen anybody hurt by using these guidelines nope you’re going to be prosperous when you do I’m not speaking Prosperity theology okay but you will be prosperous when you follow these biblical guidelines you’ll be successful

financially it always it always makes me think of the the parable the talents yes you know each each was each servant was given a different amount but each could have been prosperous with what they had it did not mean they’d have the same dollar amount at the end but they could have been

maybe instead of prosperous I think a better way would be successful yeah you know be successful with what you’ve been given absolutely whatever that ends up being we could have called this seven biblical Financial guidelines for being successful there you go yeah and we want to help you be

successful and in a way that you can get a hold of us we are Christian Financial Advisors and our phone number during regular business hours Central Standard Time you can phone or text that at 830-609-6986 or you can go to our website to Christian Financial advisors.com any last word Sean uh God

bless you all thank you again for for joining us it is always weird is it evening do I say good night thanks you know I know I’m not sure what well whatever time you’re Dave I hope you have a great day a great night a great evening whatever time of the day you’re listening just

cover all our bases thank you for joining us until next time God bless thank you so much for watching if you enjoyed that CashNews.co be sure to like and comment and subscribe to our channel so you can get future updates you can also follow us on social media and I’ll shown on screen in the

meantime check out one of these other CashNews.cos thank you