9 Keys to Financial Success (2024)

A Production of the Ultimate Homeschool Podcast Network.

In “9 Keys to Financial Success” episode #105, Meredith Curtis shares 9 financial keys that unlock blessing in the financial realm. These principles will work! No matter how young or old you are, it’s time to stop falling into financial pitfalls and start living the way God wants you to live. Meredith offers an alternative to the ways of the world so that you can manage your money in a way that honors God and can be a channel of His blessing to others.

9 Keys to Financial Success (1)

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Being World Changers, Raising World Changers!

Show Notes

God is our Provider and He meets all of our needs. So why do we struggle so much financially?

Often, as adults, we find ourselves in a money pit that we are trying to climb out of. Teens can be starting up habits that will eventually lead to living paycheck to paycheck, always struggling.

Is there Freedom?

Yes!

Here is God’s plan!

Key #1: God Owns It All; We are Stewards

Theearth is theLord’s, andall it contains, Theworld, and those who dwell in it. (Psalm 24:1)

All of our needs, bills, possessions, and money belong to the Lord.

Key #2: The Tithe Belongs to the Lord

“Will a manrob God? Yet you are robbing Me! But you say, ‘How have we robbed You?’ Intithes andofferings.9You arecursed with a curse, for you arerobbing Me, the whole nationof you!10Bring the whole tithe into the storehouse, so that there may befood in My house, and test Me now in this,” says theLordof hosts, “if I will notopen for you the windows of heaven andpour out for you a blessing untilit overflows.11Then I will rebuke thedevourer for you, so that it will notdestroy the fruits of the ground; nor will your vine in the field castits grapes,” says theLordof hosts.(Malachi 3:8)

90% with God’s blessing is a whole lot more than 100% without it.

Key#3: Live Debt-Free and Love It!

The rich rule over the poor, and theborroweris slave to thelender. (Proverbs 22:7)

The Borrower is Servant to the Lender. Debt brings stress.

Key #4: Live Below Your Means with Gratitude

Givethanksin all circ*mstances; for this is God’s will for you in Christ Jesus. (I Thessalonians 5:18)

Key #5: Ask God First

We see, we want, we buy. But, is this wise? What if God wants to just give it to you or knows it isn’t your best right now. Let Him be the financial decision maker in your house.

You do not have because you do not ask God.(James 4:2)

Key #6: God Most Often Provides thru Hard Work

Though God does provide supernaturally, the most common way is through hard work!

The craving of a sluggard will be the death of him, because his hands refuse towork. (Proverbs 21:25)

Those whoworktheir land will have abundant food, but those who chase fantasies have no sense. (Proverbs 12:11)

All hardworkbrings a profit, but mere talk leads only to poverty. (Proverbs 14:23)

Key #7: Save for Future Needs

Where do you get capital to start a business? Money to send kids to college? Money for retirement? That’s right! Savings!

Honor theLordwith your wealth, with the firstfruitsof all your crops; 10then your barns will be filledto overflowing, and your vats will brim over with new wine. (Proverbs 3:9-10)

Be glad, people of Zion, rejoicein theLordyour God, for he has given you the autumn rains because he is faithful. He sends you abundant showers, both autumnand spring rains,as before. 24The threshing floors will be filled with grain; the vats will overflowwith new wineand oil. (Joel 2:23-24)

Key #8: Be Generous—You Can’t Out-Give God!

God takes giving personally. He loves to bless those who are generous.

Give, and it will begiven to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.” (Luke 6:38)

Whoever iskindto the poorlendsto theLord, and he will reward them for what they have done. (Proverbs 19:17)

Key #9: Be Choosy about How You Spend Your Money

Think and pray first before you start spending money. What do you need? Trendy vs. Quality.

If any of you lacks wisdom, you should ask God,who gives generously to all without finding fault, and it will be given to you. (James 1:5)

How to Get Back on Track

If you have blown it in the financial realm, it is never too late! God is the God of Miracles, especially when we want to honor Him and do thinks His way!

Surrender your financial mess to the Lord

Start tithing.

Pay off all debt.

Giving time and possessions—you are using all your money to pay off debt.

Make a budget. Stick to it!

Give thanks in everything!

Work hard!

Just wait, you watch, you’ll see! J

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9 Keys to Financial Success (2024)

FAQs

What is the key to success of finance? ›

Financial success requires a long-term strategy with short-term goals; a deliberate plan is essential for security and success. Similar to businesses investing in growth, individuals should invest in education and continuous skill development to enhance career prospects. Managing debt is crucial for financial success.

What is the secret to financial success? ›

Understanding where your money goes is the foundation of budgeting. Set Clear Goals: Define your financial goals, both short-term and long-term. Whether it's paying off debt, saving for a vacation, or building an emergency fund, having clear objectives provides motivation.

What are the first 4 steps to financial success? ›

4 Steps to Financial Success
  1. Step 1: Know Your Numbers. Comparing your income to monthly payments will help you budget for savings. ...
  2. Step 2: Protect What's Yours. Insurance is the best defense against the unexpected. ...
  3. Step 3: Fund Your Future. How do you see your retirement? ...
  4. Step 4: Build Your Wealth.

What is the 50 30 20 rule? ›

The 50/30/20 budget rule states that you should spend up to 50% of your after-tax income on needs and obligations that you must have or must do. The remaining half should be split between savings and debt repayment (20%) and everything else that you might want (30%).

What are the 10 C's of success? ›

You are far more likely to enjoy the journey to success if you exhibit good character, focus on competence, have competence and compassion, use common sense and compassion, remain committed to collaboration and curiosity, demonstrate courtesy and courage, and remain calm under pressure.

What is the best indicator of financial success? ›

There are many ways to evaluate the financial success of a company, including market leadership and competitive advantage. However, two of the most highly-regarded statistics for evaluating a company's financial health include stable earnings and comparing its return on equity (ROE) to others in its market sector.

What are the three C's of personal finance? ›

Character, capital (or collateral), and capacity make up the three C's of credit. Credit history, sufficient finances for repayment, and collateral are all factors in establishing credit. A person's character is based on their ability to pay their bills on time, which includes their past payments.

How to become financially powerful? ›

  1. Choose Carefully.
  2. Invest In Yourself.
  3. Plan Your Spending.
  4. Save, Save More, and. Keep Saving.
  5. Put Yourself on a Budget.
  6. Learn to Invest.
  7. Credit Can Be Your Friend. or Enemy.
  8. Nothing is Ever Free.

What is the biggest secret to wealth? ›

  • The secret is: Sell value, not time.
  • If you are an employee, you are selling your time. ...
  • If, instead, you sell solutions to problems (whether in the form of a product or a service), then what you make is dependent on the value of those solutions to others, not on the time you invested.

What are the 4 key things you need to build wealth? ›

The 4 Keys To Building Financial Wealth
  • Spend Less Than You Earn. 38% of millionnaires cite “controlling spending” as one of the keys to their wealth. ...
  • Save The Difference. ...
  • Maximize Your Earnings. ...
  • Invest Wisely.
Sep 26, 2016

What are three steps to financial success? ›

Get started on path to financial success with these three steps: determining budgets, tracking spending, and creating realistic savings goals.

What does the rule of 72 tell you? ›

It's an easy way to calculate just how long it's going to take for your money to double. Just take the number 72 and divide it by the interest rate you hope to earn. That number gives you the approximate number of years it will take for your investment to double.

How to be successful in life money wise? ›

By focusing on debt reduction, saving, wise spending, sharing, charity, thrift, and living within our means, we can achieve financial security and lead fulfilling lives. Remember to seek the advice of financial experts when necessary and be patient with yourself as you work towards your financial goals.

How do people become financially successful? ›

Financially successful people constantly study and learn. Skills and abilities determine your earning potential. It is important to choose a vocation that you enjoy so that you can then work at your vocation with a passion. Your career path is important, but it is your passion that will make you a success.

What are the 10 steps to success? ›

Here are 13 steps that can help you to be successful in life:
  1. Find a passion. To be successful, it is important to define what you want in life. ...
  2. Show commitment. ...
  3. Learn from the journey. ...
  4. Have fun along the way. ...
  5. Think positively. ...
  6. Be honest with yourself. ...
  7. Take away distractions. ...
  8. Depend on yourself.
Jan 31, 2023

What is the 10 10 10 rule finance? ›

There are several different ways to go about creating a budget but one of the easiest formulas is the 10-10-10-70 principle. This principle consists of allocating 10% of your monthly income to each of the following categories: emergency fund, long-term savings, and giving. The remaining 70% is for your living expenses.

What are the 10 steps guide in building a financial model? ›

How to Make a Financial Model – Step by Step Guide
  1. Step: Define the Purpose of Your Financial Model.
  2. Step: Gather Relevant Data.
  3. Step: Create Assumptions.
  4. Step: Build the Income Statement.
  5. Step: Build the Balance Sheet.
  6. Step: Develop the Cash Flow Statement.
  7. Step: Perform Sensitivity Analysis.
  8. Review and Refine.
Feb 8, 2024

What are the 10 steps in the accounting cycle list all 10 steps and briefly describe what happens in each? ›

The ten steps are analyzing transactions, journalizing transactions, post transactions, preparing an unadjusted trial balance, preparing adjusting entries, preparing the adjusted trial balance, preparing financial statements, preparing closing entries, posting a closing trial balance, and recording reversing entries.

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