Master Your Money: A Step-By-Step Plan for Experiencing Financial Contentment - Softcover

Blue, Ron

 
9780802414519: Master Your Money: A Step-By-Step Plan for Experiencing Financial Contentment

Inhaltsangabe

A step-by-step guide to financial freedom

Do you know if you have enough? Do you know how much is enough? If you can't answer these questions, Master Your Money is for you.

In this book, Ron Blue extracts principles from God's Word and applies them to your financial portfolio.

Learn how to:

  • Avoid the most common financial mistakes
  • Apply biblical principles for money management
  • Save, invest, and give wisely
  • Create a long-term financial plan that works
  • Plan for your taxes and estate needs
  • Get out of debt


Ron’s professional experience in financial planning will ease your anxieties over money and be an asset to you and your family for generations to come. Learn the tools and techniques you need to move forward toward true financial freedom.

This new edition includes important updates and new content, making it timely and relevant.

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Über die Autorin bzw. den Autor

RON BLUE is a successful entrepreneur in the financial services industry and an admired leader and speaker on the topic of Biblical financial management. In 1970, he founded an Indianapolis-based CPA firm which has grown to be one of the 50 largest CPA firms in the United States. In 1979, he founded Ronald Blue & Co., a fee-only financial planning firm, convinced that Christians would better handle their personal finances if they were counseled objectively with the highest technical expertise and from a Biblical perspective. Ron is the author of twelve books on personal finance from a Biblical perspective, including the best-seller, Master Your Money, and his most recent book, Wealth to Last, co-authored with Larry Burkett. He is currently the President of Kingdom Advisors and lives in Atlanta, Georgia.

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An all-in-one guide to financial contentment

Over the last thirty years, this bestselling guide has given readers everything they need to manage their money with wisdom and confidence—and without the headache.¿

Combining the Bible’s timeless principles on money and stewardship with trusted, comprehensive advice for getting your finances in order, Ron Blue teaches you how to:

  • Understand your current financial situation
  • Avoid the most common financial mistakes
  • Design a long-term, workable financial plan
  • Spend, give, save, and invest wisely
  • Get out of debt—and much, much more

Ron’s professional experience in financial planning will ease your anxieties and be an asset to you and your family for generations to come. Updated with current facts, figures, and examples, this 30th-anniversary edition of Master Your Money holds the same promise as ever: clear, biblical, and practical guidance for financial contentment. 

"The gold standard for financial wisdom… answers for every conceivable money-related you can think of." ¿—Patrick Morley, author and CEO, Man in the Mirror¿¿

"Updated from the original, and still the principles Ron so eloquently lays out form the basis for my personal money management. This is a timeless resource."

—Andy Stanley, senior pastor, North Point Community Church¿¿

"Ron is wise and has a heart for what stirs God’s heart. Readers will find much to learn and benefit from in Master Your Money." ¿—Randy Alcorn, author, Heaven and Dominion

"I’ve never met anybody who communicates God’s financial principles more clearly and in such a practical way. Master Your Money is a classic that every Christian should read and regularly reference. This book will be enormously helpful to everyone, regardless of their financial situation." —¿Howard Dayton, author, Your Money Map, CEO, Compass

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Master Your Money

A Step-by-Step Plan for Experiencing Financial Contentment

By Ron Blue, Michael Blue

Moody Publishers

Copyright © 2016 The Ron Blue Library, LLC
All rights reserved.
ISBN: 978-0-8024-1451-9

Contents

Preface, 7,
Acknowledgments, 9,
1. Will I Ever Have Enough?, 11,
2. Four Biblical Principles of Money Management, 19,
3. A Financial Planning Overview, 31,
4. Guaranteed Financial Success, 43,
5. The Dangers of Debt, 57,
6. Where Am I?, 75,
7. Setting Faith Financial Goals, 103,
8. Avoiding the Most Common Financial Mistakes, 119,
9. Designing a Personal Financial Plan, 137,
10. Control the Flow, 149,
11. Tax Planning, 161,
12. Investment Planning, 183,
13. Stewardship after Death, 201,
14. Giving Living, 237,
Appendix A: Choosing a Financial Advisor, 251,
Appendix B: Kingdom Advisors, 257,
Appendix C: Ron Blue Institute, 259,
Appendix D: Family Conferences, 261,
Glossary, 265,
Author Information, 269,


CHAPTER 1

Will I Ever Have Enough?

* * *

"Just about the time you make both ends meet, somebody moves the ends"

Anonymous

"If we command our wealth, we shall be rich and free; if our wealth commands us, we are poor indeed. We are bought by the enemy with the treasure in our own coffers."

Edmund Burke

"Money never made a man happy yet, nor will it. There is nothing in its nature to produce happiness. The more a man has, the more he wants. Instead of its filling a vacuum, it makes one. If it satisfies one want, it doubles and trebles that want another way. That was a true proverb of the wise man, rely upon it; 'Better is little with the fear of the Lord, than great treasure, and trouble therewith'."

Benjamin Franklin

* * *


At the age of twenty-four, I had every ingredient needed for success — an MBA degree, my Certified Public Accountant (CPA) certificate, a well-paying job with the worlds largest CPA firm in their New York City office, a driving ambition to be a success, and a supportive and very intelligent wife.

For the next eight years, I proved to myself that anyone could succeed by really putting everything into it. By the time I was thirty-two years old, I had achieved every financial and success goal I had set:

• I had moved rapidly up the corporate ladder.

• I had founded the fastest growing CPA firm in Indiana, and it became one of the fifty largest firms in the United States.

• I, along with others, owned two small banks in Indiana.

• I had a lovely wife and three young daughters.

• I had all of the trappings of success: a new home, new cars, country club memberships, and the like.


I had also just committed my life to Jesus Christ — a commitment that began to change my perspective and my priorities.

It was during the early 1970s, and for the first time in the nations history, that Americans began experiencing "tremendous" inflation rates of 4 percent and 5 percent. The prime rate hit an unbelievable high of 10 percent and then even went to 12 percent. The dollar was taken off the gold standard, and for the first time in recent history, the United States began running a trade deficit.

In the midst of personal affluence, I began to experience the fear that comes from wondering, Will I ever have enough? Or, If I do have enough now, will it be enough when I retire? And, By the way, how much is enough? I believe that everyone, rich and poor, asks himself these underlying questions more frequently than he would like to admit. These questions are constantly in our subconscious, and therefore we all deal with them somehow in our decision making. Either we tend to hoard our resources, or we tend to live out the philosophy of "get all the gusto you can — you only go around once."

The Christian, additionally is confronted with the question, What is the appropriate Christian lifestyle? This book, by the grace of God, will attempt to answer each of these questions by providing a framework of financial planning that is both biblical and relevant in our unique society.

Through the mid-1970s I dealt with these questions, both personally and as an advisor to a largely wealthy, secular clientele. In 1977 my wife, Judy, and I experienced Gods call to leave the businesses I was involved in and join a new ministry in Atlanta, Georgia. For two years, as our family grew to five children, I helped to develop seminar materials in the areas of decision making, time management, faith planning, and problem solving. During this time, I traveled to Africa eleven times, assisting a large Christian organization to apply the principles that we were teaching.

I observed during all of this that the same financial questions my former clients and I had been asking were being asked by others as well: missionaries, affluent Africans, poor Africans, full-time Christian workers, successful American executives, pastors, and friends. The questions were:

• Will I ever have enough?

• Will it continue to be enough?

• How much is enough, particularly in view of my Christian convictions and understanding of Scripture?


The questions transcended cultures as well as classes.

In 1979, at the encouragement of Dr. Howard Hendricks, I began a financial planning career with the objective of removing the fear and frustration that Christians experience when they deal with money. The need for this type of counsel and advice is, I believe, pervasive.

Christian teaching and application go from the extreme of sharing personal income in communal living to the "prosperity gospel" approach. Both extremes are an attempt to reach God in the way we handle our money, when all the time He is attempting to reach out to us with His wisdom, counsel, and principles. I believe so strongly that all Christians need godly counsel for their finances that I now split my time between serving as the founding director of Kingdom Advisors (see appendix B and the website www.kingdomadvisors.com) and as the executive director of the Ron Blue Institute for Financial Planning at Indiana Wesleyan University (see appendix C and the website www.ronblueinstitute.com).

This book outlines the journey that Judy and I have been on for over forty years to "be filled with the knowledge of His will in all wisdom and spiritual understanding" (Colossians 1:9 nkjv), as it specifically relates to personal money management for the Christian in the context of a very uncertain economic future.


The Rich and the Poor

In the world's most affluent society in all of history, very, very few individuals ever achieve a position of being able to live off the resources they have accumulated. The vast majority are dependent on government, relatives, or charity, or they must continue to work in order to have enough income to meet their needs. Yet there are exceptions, and I have had the privilege of meeting and working with many people who are better equipped to handle their future and the uncertainty it may contain.

One of the dramatic exceptions is that of a retired pastor who never earned more than $8,000 in one year. I met this humble man because he wanted to know if he had enough financial resources to live out the rest of his life. At the time of his question, he was eighty years old; he had been retired for twenty years; and his wife had just begun to require full-time...

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