a success plan for your personal relationship with money
DESCRIPTION
A Success Plan for Your Personal Relationship with Money originally created for HARMONYchurch/atlanta www.harmonychurchatlanta.orgTRANSCRIPT
by Vincent L. Rogers
Money and Your Pursuit of Happiness
“There are two ways of being happy: We may either diminish our wants or augment our means — either will do — the result is the same; and it is for each
man to decide for himself, and do that which happens to be the easier. But if you are wise, you
will do both at the same time, young or old, rich or poor, sick or well; and if you are very wise you will do both in such a way as to augment the general
happiness of society.” ~ Benjamin Franklin
Defining Your Relationship with Money
Your Money Relationship Type –
What is Your Money Relationship Style????
The Player – You Have a Casual Relationship with
Money
The Friend – You Want More from Your Relationship
with Money
The Companion - You Invest in Your Relationship with
Money
The Partner – You are Committed to Making Your
Relationship with Money Work
Your Money Relationship History –
What is Your Money Relationship Track
Record????
Sources of Income
Earning it - • Earned Income (Work)• Portfolio Income (Investments)• Passive Income (Rents, Royalties,
Dividends...)
Uses of Income
• Spending it (In the Red)• Saving it (In the Black)• Investing it (Going for the Gold)• Managing it (Spending less; Saving
More; Investing Smart; Creating Multiple Streams of Income)
Your Money Relationship Priorities
What Are Your Future Intentions With Your
Money????
What Are Priorities????
Priorities is the plural of pri·or·i·ty (Noun)
• A thing that is regarded as more important than another.
• The fact or condition of being regarded or treated as more important.
Negative Priorities
Having Negative Priorities means putting things that may make life easier before things that make life more fulfilling.
Positive Priorities
Having Positive Priorities means putting things that make life more fulfilling before things that just make life easier.
Needs vs. Wants
Creating Your Priority Budget
Video - Don’t Buy Stuff You Can’t Afford
Get Up, Get Out and Get Something!!!!
“Until one is committed, there is hesitancy, the chance to draw back, always ineffectiveness. Concerning all acts of initiative (and creation), there is one elementary truth the ignorance of which kills countless ideas and splendid plans: that the moment one definitely commits oneself, then providence moves too.” ~ W.H. Murray
Video - You want something. Go get it. Period!!!!
The 5 Stair Steps….
What are 5 the Steps to Transforming Your
Relationship with Money????
Step 1) Taking Initiative – Proceed and Be Bold!!!!
“So I say to you: Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”
~ Luke 11:9
Step 2) Ending Materialism – Transforming Your Relationship with Things
“For all that is in the world, the lust of the flesh, and the lust of the eyes, and the pride of life, is not of the Father, but is of the world.” ~ 1 John 2:16
Step 3) Relieving Debt – Transforming Your Relationship with
Credit
“The rich ruleth over the poor, and the borrower is servant to the lender.”
~ Proverbs 22:7
Step 4) Financial Integrity – To Tell the Truth
“Whoever walks in integrity walks securely, but he who makes his ways
crooked will be found out.” ~ Proverbs 10:9
Step 5) Start Budgeting – Understanding Assets vs. Liabilities
“Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?”
~ Luke 14:28
Brought to You by:
Vince Rogers & Associates, LLCResource Managers & Communication Consultants
Vince Rogers and Associates works with businesses, non-profits and high achieving individuals to formulate winning
"Success Plans" for reaching their desired destinations.
Essentially we help for-profit and non-profit enterprises optimize their productivity by strategically managing their
financial and non-financial resources.
by Vincent L. Rogers
Budgeting Considerations for Your Personal Finance Success Plan
The Importance of Having a Plan
“You're walking around blind without a cane, pal. A fool and his money are lucky enough to get together in the first place.”
~ Gordon Gekko (from the film “Wall Street”)
Video - Theo's Budget:
Everything is Negotiable….Let’s Make a Deal!!!!
Living Expenses
Mortgage/RentHome MaintenanceUtilitiesGroceries
Transportation Expenses
Automobile Maintenance Automobile Insurance
Insurance
Health Insurance
Life Insurance
Personal Assets
Bank Accounts Investment Accounts
Personal Liabilities
TaxesCredit CardsLoans
Avoiding the Seven Deadly Sins of Money
We Must Become Financial
“Don’t copy the behavior and customs of this world, but let God transform you into a new person by changing the way you think. Then you will learn to know God’s will for you, which is good and pleasing and perfect”.
~ Romans 12:2
Money Pride
Does your relationship with money interfere with your Spiritual relationship????
Money Envy
Do you want more money just to impress other people????
Money Gluttony
Do you want more money just to buy more things you don’t need????
Money Lust
Do you want more money to satisfy your lustful appetites or to fulfill your higher
aspirations????
Money Anger
Does not having enough money motivate you or make you angry????
Money Greed
Do you want more money just to horde it or put it to work???
Money Sloth
Are you working smart enough to have the kind of money you want????
Brought to You by:
Vince Rogers & Associates, LLCResource Managers & Communication Consultants
Vince Rogers and Associates works with businesses, non-profits and high achieving individuals to formulate winning
"Success Plans" for reaching their desired destinations.
Essentially we help for-profit and non-profit enterprises optimize their productivity by strategically managing their
financial and non-financial resources.