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Christian Money
“Sixteen out of 38 of Christ’s
parables deal with money; more is said in the New Testament about money
than heaven and hell combined; five times more is said about money than
prayer; and while there are 500 plus verses on both prayer and faith,
there are over 2,000 verses dealing with money and possessions.”
John MacArthur, Jr.
Money and possessions are a very effective tool God uses to grow us up. Therefore, we shouldn’t ask, ‘God, why are You doing this to me?’ but ‘God, what do You want me to learn?’
Three Financial
Planning Principles
1. There are no independent financial
decisions.
2. The more long-range the perspective
the better the decisions today.
3. Financial decisions made today have lifetime
implications.
The Rule of 72
Have you heard of the Rule of 72? Its a very simple but profound principle. 72 divided by the interest rate reveals the length of time it will take for your money to double.
The Magic of Compounding
For a $10,000 investment:
|
End
of YearValue
|
||||||||
| % | 3 | 6 | 9 | 12 | 15 | 18 | 21 | 24 |
| 3 | $20K | |||||||
| 6 | $20K | $40K | ||||||
| 12 | $20K | $40K | $80K | $160K | ||||
| 24 | $20K | $40K | $80K | $160K | $320K | $640K | $1,280K | $2,560K |
