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In continuation from last week message " The way to wealth" , this week we shall examine the topic "Managing and growing our finances ". There is no magic to financial empowerment. We should realise that God is not a magician and has set us up with support structures that are designed to attract wealth to us. Oftentimes people run after money instead of using God's gifts, talents and ideas given to them to attract wealth. To manage and grow our finances, there are 12 important factors that we need to put into consideration. To put into perspective, successful people uses these factors in an iterative manner thereby forming a financial cycle for managing and growing wealth. . 1. Source of income 2. Budgeting 3. Savings 4. Consumer debt and borrowing 5. Tax laws 6. Reserve emergency funds 7. Retirement planning 8. Financial planning 9. Estate planning and taxation 10. Assets protection 11. Balance sheet 12. Financial risk management Sources of Income. It is important that we consider multiple streams of income. Consider if your current activity is rewarding and bring more than you spend, else consider receiving education that will enhance the utilisation of skills and ideas. Budgeting To achieve success in our personal budgeting, the 70/30 rule is an important tool for the actualisation of our goals. The rule states that not more than 70% of our total income should be expend on necessities while 10% on tithing, 10% on savings and 10% on investments. Budgeting helps us set financial goals. Avoid impulse buying and limit credits. Balance income and expenses to achieve goals. Savings As part of the above rule, endeavour to save 10% of your income. Cultivate saving habits Consumer debt and borrowing There are good debts and bad debts. Avoid debts that includes huge Apr interests. Avoid pay day loan debts and do not borrow buy necessities. Good debts includes debt on mortgage, to start a business. Message by Mrs Helyn Nosa.

Learn how to be Wealthy ? Watch & Listen to this video - a must WATCH

It's another wonderful time in God's presence today. God's word for us this week is: ''The way to wealth''- John 3:27, Deut 8:18. It is important for Christians to know that it is expected of them to blossom. It is a wrong mindset to think that Christians cannot flourish. The scripture in John 3:27 states that ''No man can receive anything unless it has been given to him from heaven''. In addition, Deuteronomy 8:18 states that ''You shall remember the LORD your God, for it is He who gives you power to get wealth, that He may establish His covenant which He swore to your fathers, as it is this day''. From both scriptural verses, it is evident that God is interested in the wealth of His children and gives power to get wealth since their our own power cannot get them wealth. The way to get wealth spiritually therefore is by obedience to God's will and adherence to the following principles: 1. Principle of the seed 2. Principle of a Channel 3. Principle of a faithful steward. Principle of the Seed The power given to us by God to get wealth is in the form of a seed. The seed must be sown to germinate into wealth. It is the law of fruitfulness (John 12:24). Many mistake the seed for food and eats the seed along with the food. Those who sow their seeds enjoys divine wealth while those that eat their seed experience otherwise (2 Corinthians 9:6). Our job is to sow the seed while God multiples the seed. Principle of a Channel It is a spiritual principle that money stays with people or organisations that will use it to make people or society better. Money goes to people who use it for a cause such as the Kingdom of God. Become a channel, all you get is not for you alone(Proverbs 11; Psalm 35:27). The relevancy of your possession (wealth, money) is to enhance the gospel of the kingdom of God. This is an important factor in creating wealth as children of God. Do not neglect the things of Jesus Christ (Philippians 2:21). Principle of a Faithful Steward We are steward because everything we are and possess is given from above, therefore, a steward must be found faithful (1Corinth. 4:1-2, Luke 10-12).How you manage another man's wealth pulls you into wealth, the unfaithful don't get much (Matt. 25:24-29).