COMMON MISTAKES YOUNG PEOPLE MAKE WITH MONEY

Here is my lecture note on our just concluded monthly singles and youth fellowship at Hilltop Believers Assembly, Ughelli. Read and be blessed

Money is one of the vital pillars that sustain a relationship. In my opinion, the lack of money has destroyed more families and relationship than any other thing you can think of.

Whenever we try to talk about money as important, we get various reactions most especially from Christians.

Money is not everything!  Money can buy bed not sleep!   Money can buy food not appetite!  House not a home.

My take: would you rather sleep without a bed, have appetite without food, a home without a house. You need to wake up.

We live in a world where you can’t do without money.

Some say, money is worldly and it leads one to hell. Not true.

Money is worldly because it is meant to be spent on this earth. Money does not lead one to hell.

DOES GOD WANT YOU RICH? : 2 Corin 8:9, 3 John 1:2

3 IMPORTANT THINGS MONEY WILL DO FOR YOU

1.     Defense. Eccl 7:12,

2.     Answer Questions. Eccl 10:19

3.     Bring people around you. Prov 19:4

WHAT IS WRONG WITH MONEY?

The love of money. 1 Tim 6:10. When money takes your attention from God. Ps 14:1, only a fool says there is no God. Money is not for foolish people.

Money is a spirit looking for a business mind to work with

Definition: Money is anything approved by the government for the payment of goods and services. What makes an object money is the authority placed on it.

Money is a form of power but what is more powerful is financial education.

In school, we are taught theories and most of these theories are obsolete.

DIFFERENCE BETWEEN SCHOOL AND LIFE

In school you are taught a lesson and there after given a test.

In life you are given a test that teaches you a lesson.

MISTAKES

1.     Making expenditure more than income

2.     Lying to yourself:  this is common to the poor and middle class people. They try to be who they are not. If your salary is 10,000, you can’t rub shoulder with someone earning 40,000. Most Poor people wants to dress to impress the rich and the sad thing is “the rich are not even noticing them”. If you earn 10,000 and you take a girl to wakiz and spend 6,000, you are killing yourself. What you can’t afford, you can’t afford

3.     Pleasing others at your own detriment. Tell them the truth that you can’t afford it now but one day you will. If you can’t afford wakiz, go to mama ejiro’s canteen. You spend your transport fees to please a sister is foolishness. Let people know the truth about you. The fact that everyone is using a Blackberry or Android phone is not enough reason for you to use it. First ask yourself, can I afford it, if yes, how do I maintain it?

4.     Buying on credit awaiting your salary

5.     Borrowing to prove a point

6.     Buying branded goods and materials (Brazilian hair)

7.     Turning down free offer

8.     Paying too much on smart phone data

Every money in your hand is an asset

SOLUTION

Maximize the peanut by seeding it, investing it and doing business with it

Dont miss next month segment, 27th of April by 4pm, same venue.

call 07035693972 0r write frecon22@gmail.com to ask any question