A fellowship of young people from age 12 -
17. They meet every fortnight to worship, power praise, discipleship,
music, dance, drama and games.
WHEN: Every Sunday 2.30pm – 4:00pm
Following a Seminar for the Youth Minstry ....
CHANGE YOUR VIEW ABOUT MONEY
The foundation to building a financial fortune is to change
your attitude towards money. Most people do not understand
the nature of money and how it works. The first thing to do
in building wealth is to have the right mental attitude towards
money. Consider money a living thing i.e. a living asset which
has the potential to work as you do. Once you come to this
realization, you would have unleashed the power to creating
wealth. You will understand that money is like an employee.
Your objective over time is to make this “employee”
work hard and eventually grow to multiplicity. At this point,
you would have become rich when you would have employed (invested)
enough “labourers” (assets) to work (earn) for
you.
The next is the fact that you must start building up your
financial fortress. The greatest mistake people make in investment
matters is that they think they have to start investing when
and only when they have a huge amount in their hands. The
fact is that every mansion or castle is built one block at
a time. The key to success in investing is to build up a financial
arsenal through small savings and investments as you generate
them.
Once you have a source of income, consider that every unit
of money in your hand is a building-block required to build
up your wealth – invest it, and you get richer; lose
it and you get poorer.
BE THE WISE MAN, INVEST FOR THE FUTURE
A lot of people would rather enjoy their money now rather
invest it for the future. Some believe that they might not
even be alive if they invested for the future and that they
might thus miss the utility on their money completely.
The truth is that the odds that you are going to be alive
when the future comes! Investing now gives you freedom and
ability to capture the future: freedom to stay at home, freedom
to retire blissfully and travel around the world, freedom
to do the things you’ve always wanted to do. The seed
a farmer sows today is the bounty harvest of the future.
Be a good farmer and ensure you sow on fallow ground.
MINIMISE SPENDING ON CONSUMABLE… INVEST IN STOCKS
The most reason most people never really get rich is because
they spend most of their incomes on consumable products rather
than buying investment products.
A common habit of the rich and wealthy is the fact that they
spend 27-30% of all their income on investments and savings.
To grow your wealth start spending more on savings and investment
products.
BE A STUDENT, COPY THE LIFESTYLE OF THE RICH
It has been said that the best way to be successful in any
endeavor is to study and copy lives of those who have made
it. If you want to build up wealth, choose a successful and
rich person known to you, study his traits, principles and
lifestyle and try to copy those traits that could get you
the desired objective.
Break away from the old habits and characters responsible
for where you are now. Avoid doing things the same old way,
particularly if it cannot bring you any near to your financial
success.
BE THE PILOT, CONTROL YOUR FINANCIAL DESTINY
You must realize that one of the clues to financial success
is investment in equities. Nowhere else can your money do
so much for you as when you use it to invest in a business
that has wonderful long-term prospects.
Once you have madeup your mind to take control of your life
by building up your net worth, you must be consistent with
it. Moment by moment, you are building your wealth into a
mighty castle. Every unit of money you sow into your portfolio
will inevitably contribute in bringing you nearer to your
financial prosperity.
How To Avoid Debt, Keep More Of Your Money And Invest
AVOID DEBT
And you shall lend to many nations, but you shall not borrow.
Deut 28:12
Hate Debt with a passion.
Avoid Buy now pay later.
Avoid Store Card, Credit card etc.
Avoid impulsive buying.
Buy things that you need.
KEEP MORE OF YOUR MONEY
Is not how much you have but how much you keep.
Live on 70% of your money, Tithe 10% to God, invest 10% and
Save 10% .
Avoid spending frivolously
INVEST
Who is working harder you or your money?
What is investing:
Investing is the art and science of employing your assets/
money to create wealth.
What is an asset:
Any object that puts money in your pocket?
Examples Car, your skills, abilities, knowledge, house, stocks
etc.
What is Liability:
Any thing that takes money out of your pocket?
Examples Mortgaged house, loans, Car on hire purchase, expenses
etc.
Most of our money goes into expenses instead of buying assets.
Why invest:
It is God desire to prosper you. Investing is a way of sowing
seed for God to multiply and create wealth.
Example Jeremiah 39:
Classes of Assets:
Real assets: Property Commercial, Residential, Lands, Pictures,
Antiques, Wines, Gold, Precious Articles.
Paper assets:
Stocks, Bonds, Commodities, Currencies.
Businesses: That meet needs.
Are you an Investor / Trader (EBay, Amazon).
Investor buys assets to hold. Trader buys assets to sell.
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