Archive for May 2012

It’s Too Hard To Budget

“It’s too hard to budget!”

This has to be the top statement that I hear from people.

My response – “It’s much more difficult to be BROKE!”

Here is what I know from personal experience:

  1. I was BROKE when I did not have a budget
  2. I stopped being broke the very day that I prepared a budget and FOLLOWED IT
  3. A budget took my marriage to the next level
  4. I have found no better way to maximize every single dollar that I am blessed to receive
  5. A budget is nothing more than telling your money where to go instead of wondering where in the world it all went
  6. I have seen tens of thousands of people begin to prosper as a result of preparing and living by a budget
  7. My dreams have been and are being fully funded as a result of my budget
  8. My budget has made me a much better money manager

You CAN have a budget that really works!  Check out our FREE BUDGET TOOLS to get started.

My book, I Was Broke. Now I’m Not., can help you learn to live and operate with a monthly budget and begin to fund your dreams. Purchase your copy today and get started!

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Plan Before You Start – Luke 14:28-30

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

Luke 14:28-30

28 “Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? 29 For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, 30 saying, ‘This fellow began to build and was not able to finish.’

There are several key financial lessons we can learn from this parable that Jesus told.

  1. It is important to plan when preparing for a large task  In this parable, an attempt to build a tower is referenced. Your great task will be different, but it will still require appropriate planning. You might want to build a business, an office building, or a home, but to attempt it without a plan will lead to disaster.
  2. Money is an important part of the planning process  “Will he not first sit down and estimate the cost to see if he has enough money to complete it?”  It can’t be any clearer than that! It is essential and necessary to have a financial plan to support the major work you are setting out to accomplish!
  3. It is clear to others when we attempt to accomplish something large without planning first  Have you ever seen a building project that was stopped in its tracks because the money ran out? I have seen literally thousands of these examples across the United States when the economy came to a screeching halt in 2008 and banks pulled their financing and individuals ran out of cash.

Most people wrestle with this issue. We want to move right away and start accomplishing the goal! The idea of stopping to prepare a plan seems to be too cumbersome and time-consuming. After all, we can make these decisions “on the fly.” Planning ahead seems too abstract, and it seems to hurt the brain too much to consider all of the potential issues and plan for them ahead of time.

But it is the planning process that differentiates good from great, bland from phenomenal, and uninspiring to life-changing. It is a cornerstone of financial freedom – “There must be a plan!”


  1. Have you ever attempted something great without a plan? If so, what was the result? What lessons did you learn that you would be willing to share with everyone?
  2. How should you go about preparing a plan for a future project?

Read the series

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Financial Comparison

People often compare their financial situation with that of others around them.

They won’t say it out loud, but here are some of the things they are comparing:

  • Do they make more money than I do?
  • Do they have better cars than I do?
  • Is their house better than mine?
  • Do their kids have better toys than mine?
  • Do they have a better job than me?

All this can do is lead to an endless spiral of depression because there will always be someone who has something “more” or “better”. ALWAYS.

A better, more life-giving approach would be to ask the following two questions:

  • Is there some way I can serve this friend?
  • How can I help them accomplish one of their dreams?

When you choose to serve others, it cuts the comparison game out at the knees.

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We’re Hosting A Webinar For I Was Broke Now I’m Not Group Study

I’m excited to announce that the I Was Broke. Now I’m Not. team is going to be hosting a webinar called “Leading A Wildly Effective I Was Broke. Now I’m Not. Group Study” on Thursday, May 24, 2012, at 11:00am Eastern Time.

I am hosting this webinar in MAY because believe it or not – SUMMER can be a great time to launch a study!

In this webinar, I will cover:

  • The best times to launch the study
  • How to promote the study
  • Different ways to host the study
  • Who your target audience is for each season
  • Tips for facilitating great conversation
  • Practical steps you can take to help people DO THIS – not just learn this
  • Why a six week study works so well
  • Why it makes sense for church leaders to offer this study

One lucky participant will even win a “Start Your Group NOW! Kit” which will allow 10 families to go through the study!

The Details

  • DATE: Thursday, May 24, 2012
  • TIME:  11:00 AM Eastern Time
  • WHO: Leaders who want to help people win with their money!
  • REGISTER: Use the form below (or click HERE or copy & paste this link:  )

Can’t wait to share this time with you!
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The Race – Who Will Win?

As children, we’ve all heard the story about the tortoise and the hare challenging each other to a race.

We were shocked to learn at the end of the story that the slow-poke turtle beat the lickety-split rabbit.

Would it shock you to learn that people who choose the turtle approach with their finances usually end up much better off than those who choose the long-eared approach?

Those that choose the rabbit approach use the following two-step logic:

  1. “I wanted to buy a truck, and I was able to buy it that very day!”
  2. “Now, I want to get out of debt today, so I should be able to become debt free this very day!”

When their urgent desire to fix their financial situation wanes, the debt still remains and they give up.

Those that choose the turtle approach use the following two-step logic:

  1. “It was a series of decisions that put me in this financial situation.”
  2. “It will take a series of decisions that will take me to the financial situation I desire.”

Do you see the difference in the approach? Do you feel it?

I wanted to become debt free except for my house on December 2, 2002 when I experienced my IHHE Moment. But it took a series of committed decisions over 14 long months for my family to achieve debt freedom.

Which process will you choose? Or which process have you chosen?

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