Biblical Financial Lessons

The Importance of a Financial Coach

I recently asked the following question on Twitter (via @joesangl): “What does it mean to be a “COACH”? What does a COACH do?” The responses were awesome and are shared below:

  • @Shelton_22: @joesangl A coach must Love, Develop, Motivate, Construct, Encourage, Prepare, and Inspire an individual for the future.
  • @peteraug: @joesangl brings out the potential in others
  • @CynnamonClinton: @joesangl A coach, teaches, leads, motivates, and instructs based on their own achievements, mastery & experiences!
  • @RealAustinHall: @joesangl to lead, motivate, be an example, inspire, encourage, discipline, show compassion, challenge and direct towards a common goal.
  • @PaulJolicoeur: @joesangl A coach comes along side, to push you beyond where you thought your limit was!

Every single successful person I know has had someone in their life who provides coaching to them. So-called “self-made” persons KNOW that they have achieved greatness because of the help and coaching of others!

This is why I have three financial coaches.

When I was broke, I realized I was seeking advice from broke friends! It was like accepting long distance running advice from a sumo wrestler.

Proverbs 15:22shares, “Plans fail for lack of counsel, but with many advisers they succeed.”

I was broke, and I knew wisdom was necessary for me to change my financial life. I established desired criteria my coaches should possess:

  1. They had to love me.
  2. They weren’t interested in selling me anything.
  3. They had availability to mentor me.

My financial coaches helped me change my life!

Do YOU have a financial coach?

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Keep the Main Thing the Main Thing – Acts 6

Have you ever been involved in a big project? I mean a big project! One with large quantities of work, assignments, people, and deadlines involved?  If you have been associated with a number of projects like this, I can virtually guarantee you have experienced the “mired-in-the-details-I-have-no-clue-about-what-is-going-on” leader.

This is the type of leader who, when leading a project similar to solving world-hunger, will spend fifteen days determining what type of tablecloth to have at a fund-raising dinner. A leader who, when leading a project to build a new school, will spend seven days figuring out the number of pounds of clay it will take to bake the brick it will take.

Most of the items the project leader focuses on ARE important, it is just not important for them to figure it out!

They have forgotten to keep the main thing the main thing!

I believe all people have found themselves stuck in the details at some point.

Examples include:

  • Polishing up the entire house for Thanksgiving dinner, but forgetting to put the turkey in the oven.
  • Making sure the children are delivered to and picked up from school on time, but never taking time to see how school is going.
  • Obtaining a huge promotion at work, but neglecting the entire family for three years to achieve it.

I see a great example of this in the Bible, Acts 6. The widows were being overlooked in the daily serving of food, and the disciples were being asked to attend to the widows. Was it important to feed the widows? Absolutely! However, what was the Main Thing for the disciples? Telling others about Jesus! So, what did the disciples do? They selected seven trustworthy individuals and put them in charge of serving the widows.

The disciples said it so well …  “It is not desirable for us to neglect the word of God in order to serve tables.”

Are you keeping the Main Thing the Main Thing?  Have you been distracted from the ultimate reason you have been put on this earth.  It is time to refocus!

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Biblical Financial Lessons – Ecclesiastes 5:10

This is a series that appears on a regular basis here at JosephSangl.com – “Biblical Financial Lessons”

Ecclesiastes 5:10Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.

This is an incredible statement, and every single person on planet Earth wrestles with this issue. We all must deal with money, and most of the time we simply do not have enough to buy all of the things we want. If we are not very careful, we will begin to pursue money and develop a love for it.

Marketers know this, and this is why they continually play upon the feelings of lack or scarcity. Of course, once you obtain the item they are offering, they must sell you something else. They move the “happiness” line again, and create another feeling of “you are nothing unless you have this one thing.” And for those who are in love with money and wealth, the cycle never ends.

Here is a great question to ask yourself:

“How much money is enough?”

If your answer is an actual number (such as $1 million), watch out! A great answer is “I have enough right now. I am so blessed!”

In Matthew 6:21, we read “For where your treasure is, there your heart will be also.” To avoid giving your heart over to the pursuit of money and “More. More! More!!”, employ these regular activities:

  1. State “I am so blessed!” at least once each day.  Tell someone WHY you are blessed.
  2. Give money away. Giving keeps me from being greedy and connects my heart to the organizations and individuals I have given to.
  3. Pray. Prayer helps maintain focus on what is most important.
  4. Serve others. Serving others allows me to see that the world does not revolve around me and ensures that I live an open-handed life focused on helping others!
  5. Document your blessings.  When you write down the blessings you have in your life, it opens your eyes to just how blessed you really are!!!

Application Questions

  1. Are you giving money away?
  2. How are you serving others?
  3. Have you written your blessings on paper lately?

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Proverbs 14:30-31

30: “A heart at peace gives life to the body, but envy rots the bones.”

31: “He who oppresses the poor shows contempt for their Maker, but whoever is kind to the needy honors God.”

As I help people get their finances in order, I cast vision as to “how things could be” IF “they would just do this, this, and that.”  Many times this involves selling some stuff – cars, boats, motorcycles, houses!  I want people to have nice stuff, but many times the nice stuff is eating up 50% of their budget OR MORE.  People just will not win with expenses like that!

As I cast vision, it is not unusual for me to say, “If you sell the two cars and buy two used cars, you could be debt-free except for the house in 12 months.  If you choose to keep the cars, you may be debt-free in 60 months.” Or I might say, “If you sell the boat and motorcycle, you could be debt-free immediately.  If you keep the boat and motorcycle, you may be debt-free in 72 months.”

When I mention selling some stuff, I begin encountering resistance!  This is their stuff!  They love their stuff!  They bought this stuff, and they want to keep it.  Even when it is eating them alive financially!  Even when they are not able to give one thin dime and are not assisting others at all!

As I go through meetings like this, I see that God’s word is true.  Proverbs 14:30 says that “envy rots the bones”.  When people have a bad case of stuff-itis, it is usually a result of envy.  They saw someone else with that item, and they wanted one too.  The difference is that they could not afford it.  The verse also says that “a heart at peace gives life to the body.”  When stuff-itis is cured, WOW!  The peace is awesome!  Knowing you could go to the store and buy anything in there, but not doing it because you really don’t need anything.  I am telling you it is AWESOME!  Jenn and I have been vaccinated against stuff-itis, and it feels good!

Proverbs 14:31 says that “whoever is kind to the needy honors God.”  I guess that is why it pains me so deeply in my soul when I see people up to their eyeballs in debt with a bad case of stuff-itis.  They are so loaded up with their own wants that they do not even see the the needy, let alone help them.

The solution?  Get a vaccination against stuff-itis!

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Importance Of Margin – Nehemiah 1

This is a series that appears on a regular basis here at JosephSangl.com – “Biblical Financial Lessons”

Nehemiah 1

While Nehemiah was in the city of Susa, his brother Hanani came into town from Judah.  Nehemiah asked him how things were in Jerusalem, and the answer he heard absolutely wrecked him.  Hanani responded, “Those who survived the exile and are back in the province are in great trouble and disgrace. The wall of Jerusalem is broken down, and its gates have been burned with fire.

When Nehemiah heard of the terrible plight of Jerusalem, he was distraught and devastated. It is recorded that he said, “When I heard these things, I sat down and wept.”

You see, Jerusalem had no wall which meant that they had no protection!  In other words, they had no margin.

Think about it. If they grew crops or built something of value, their enemies could approach without anything blocking them. Without margin, the city of Jerusalem was in great trouble and disgrace.

There is a huge financial lesson to be learned from this story. Without financial margin, a person faces great trouble and disgrace!  If you ever want to truly prosper, you MUST have margin. Margin offers protection against whatever life may throw at you.

If Satan can keep you broke, he can keep you ineffective.

Here are some fundamental truths:

  1. Life IS going to happen
  2. WITHOUT margin, you will face incredible challenges, stress, and anguish
  3. WITH margin, you will have a defense that allows you to remain focused on the mission and vision of your life
  4. It is easy to achieve BROKE. It requires focused effort to build and maintain financial margin.
  5. You CAN do this!

Just as we can learn from the book of Nehemiah, the first step toward establishing margin is to recognize that we don’t have it and that we need it!

Do YOU have financial margin?

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