In our society, most people squander their wealth and income. That’s why our savings rate is only 3% and 47% of Americans can’t cover a $400 emergency. Too numerous are the accounts of athletes and entertainers who amass a fortune and somehow end up bankrupt or in debt. Even more incredible are stories of people like Theodore Johnson, a UPS Worker who never made more than $14,000 in his 45-year career, but invested 20% of his money over that time and grew it to over 70 Million dollars! He then donated 36 million toward an educational scholarship fund. The Bible speaks about those who live a frugal lifestyle,“There is precious treasure and oil in the dwelling of the wise, but a foolish man swallows it up.” (Proverbs 21:20) Only a fool spends every dollar that comes through their hands. What’s your personal savings rate?
At times we wonder if we should spend on an item or experience. Financial gurus advise sleeping on the decision to avoid impulse spending and find out if we really need the thing we so desire. Often the answer is no. Emotional spending (and eating) are all too frequent. It is a prudent exercise of self control to have the practice of saying NO to ourselves. Wisdom says, “When in doubt…do without.”
Join us SUNDAYS
11:00 AM Worship Service
225 Wyoming Ave.
Cincinnati OH 45215