Introduction:
A. How many of you have enjoyed playing the game of MONOPOLY?
1. You know how the game works. Players accumulate property, build houses and hotels, and then wait for the other players to land on their property so they have to pay up.
2. Eventually you hope to bankrupt everyone else and have all the money and property for yourself. Truly, American Capitalism at its best!
3. But, regardless of who wins the game, when the game is finished, the board is folded up, all the game pieces are put away, and the lid goes on the box.
4. It has only been a game.
B. But consider this: in real life, owning a Rolls Royce, an extravagant house, and living a “more-is-better” life will yield no more joy for eternity than winning at MONOPOLY.
1. When your life is over, the game pieces are put away, and the lid is closed on your coffin.
2. It won’t really matter who owned the railroads or Boardwalk.
3. Earthly wealth doesn’t guarantee earthly happiness nor heavenly treasure.
C. The late Peter Marshall, a senate chaplain, wrote a prayer that would be good for us to pray with regularity: “Forbid it, Lord, that our roots become too firmly attached to this earth; that we should fall in love with things. Help us to understand that the pilgrimage of this life is but an introduction, a preface, a training school for what is to come. Then shall we see all of life in its true perspective. Then shall we not fall in love with things of time, but come to love the things that endure. Then shall we be saved from the tyranny of possessions which we have no leisure to enjoy, of property whose care becomes a burden. Give us, we pray, the courage to simplify our lives. Amen.”
D. Today we continue our series called Extreme Makeover – God Edition.
1. In this series we have been reaching for real life-change, believing that all things are possible with God’s help.
2. Today we want to talk about experiencing a debt makeover.
3. We want to talk about the materialistic and financial bondage that we can find ourselves in.
E. It doesn’t matter whether we earn a little or a lot, whether we spend everything or hoard it all.
1. When we find ourselves in financial bondage we are preoccupied with money.
2. We become anxious about meeting present obligations, and are driven to get more money and more of the things that money can buy.
3. Some of us here today may be doing very well in reference to these things.
a. Some of us are living within our income.
b. Some of us are being wise and faithful in the use of the money God has given us.
c. For some of us, our desires are in check and we are being generous.
d. If that is the case for you, then praise God and keep up the good work!
4. Others of us, on the other hand, may be in a very difference place.
a. Money is all we think about.
b. It is the thing that causes the greatest tension in our marriage.
c. We screen our calls to try to avoid the bill collectors.
d. Our credit cards are maxed out and we are barely making our minimum payments.
e. The pressure is great and we are not sure how much longer we can bear it.
F. The good news for all of us here today is that God is concerned about our financial affairs.
1. He is not only concerned, He can teach us the right way to handle our money and He will bless us in the process.
2. God knows all too well that the love of money leads to all kinds of evil.
3. He knows that materialism is a trap and that many people have fallen into it and have been plunged into ruin and destruction.
4. And that is why God’s Word has so much to say about the proper perspective toward money and proper principles for handling it.
5. So, with the rest of our time this morning let’s look at SIX PRINCIPLES that lead to financial freedom. Six principles that will give us a debt makeover.
I. THE PRINCIPLE OF WORK
A. The Bible teaches that we should strive to earn an honest living.
1. The Bible says that we were created to work. When God created Adam, He took the man and put him in the Garden of Eden to work it and take care of it (Gen. 2:15).
2. The Bible says that God is a worker and we are made in His image. (Gen. 1:26; Jn. 5:17)
3. Did you notice that work is mentioned in one of the 10 Commandments – “Six days you shall labor and do all your work”…“but on the seventh you shall rest” (Ex. 20:8).
4. In 2 Thessalonians 3 Paul writes: “In the name of the Lord Jesus Christ, we command and urge such people to settle down and earn the bread they eat”(vs. 12), and “We gave you this rule: If a man will not work, he shall not eat” (vs. 10).
5. In 1 Thessalonians 4:11-12, Paul wrote, “Make it your ambition to lead a quiet life, to mind your own business and to work with your hands, just as we told you. So that your daily life may win the respect of outsiders and so that you will not be dependent on anybody.”
6. So, the first principle of financial freedom is that we must work to earn a living.
B. Now, that being said, I realize that there are big differences between all of us and our abilities to make a living.
1. Some have many more abilities than others and many have worked very hard to make themselves more marketable by receiving years training and schooling.
2. But nevertheless, we are who we are, we are where we are, and we have to do the best we can for the glory of God.
3. The best way to advancement of any kind is to work hard in whatever situation we are in.
4. Many times people sit back and “wait for their ship to come in”, but we must realize that ships don’t come in, we have to swim out to them.
5. Jesus taught in the Parable of the Minas that the servant who proved himself was rewarded with more opportunity. Jesus said, “Well done, my good servant…because you have been trustworthy in a very small matter, take charge of ten cities” (Lk. 19:17).
6. May God bless us as we work hard in the opportunities and with the abilities He has given us.
II. A Second principle of Financial Freedom is THE PRINCIPLE OF AVOIDING DEBT.
A. People who are financially free strive to stay clear of debt.
1. Now that doesn’t mean that they never use credit of any kind to purchase large-ticket items, like houses.
2. But it does mean that they try to avoid getting into debt unnecessarily, because they understand how debt works against them.
B. Indebtedness is a crippling epidemic in our culture.
1. Consumer debt sits like an invisible elephant in the center of far too many homes, including Christian homes.
2. Sadly, college debt is becoming a real problem for many of our young people.
3. The average American household has 12 different credit cards and 20% of them are maxed out.
4. The average American household with at least one credit card has nearly $16,000 in credit-card debt (in 2012).
C. What we sometimes fail to understand is the way debt works against us.
1. When the credit card company sends their cards, they don’t attach an instruction sheet explaining how 21% interest works for them and against us.
2. Consider the following scenarios in evaluating the intelligence of using plastic.
3. If a person has a $3,500 balance on their credit card at 18% interest. If they make the minimum payment each month of $70. How long will it take to pay off the credit card? The answer is 29 years. How much interest will they have paid? Answer: $8,363 – that means you pay $12,000.
4. Even interest on a smaller item can add up. If a person were to buy a new washing machine for $299 on a credit card. If the interest was 18% and they made the minimum payment of $20 a month, then how long would it take them to pay it off and how much would they pay in interest? Answer: It would take 18 months and they would pay $43 in interest.
a. In the end, they paid 10% more than the purchase price because of the interest.
5. In many ways, the credit card companies are not really there to help us, but to help themselves and enslave us.
a. Sadly, what happens to many people is they miss a payment or have their credit score change and suddenly the credit card increases the interest rate – sometimes doubling or tripling it – which makes it a lot harder to pay them off.
6. If you are going to use credit cards, then it is best to pay off the balances every month.
a. That isn’t what credit card companies want you to do.
b. In fact, credit card companies have a name for those of us who pay off our balances each month. They call us “dead beats” because we “rob” them of the interest they desire.
D. Proverbs 22:7 warns, “The rich rule over the poor, and the borrower is servant to the lender.”
1. When we are in debt, we give our personal freedom away to the lender.
2. So, one of the principles of financial freedom is being very careful about getting into debt, because it is a lot easier to get into debt than to get out of it.
III. A Third principle for Financial Freedom is THE PRINCIPLE OF BUDGETING.
A. People who are financially free manage their money by design, not by default.
1. Have you ever heard people say, “I just don’t know where my money goes?”
2. The reason they don’t know where it goes is because they don’t look. And they don’t look because they don’t want to know.
3. Bringing design to our money management requires that we assess what is going on with our finances.
a. We must identify what is coming in.
b. We must track what we spend it on.
c. And we must estimate what we will have for the future.
4. Bringing design to our money management implies having a plan or a (here comes that unpopular “b” word) a budget.
5. One person described the function of a budget as “telling your money where to go instead of wondering where it went.”
6. Another person said, “Money talks and mine always says – good-bye.”
7. Often we avoid budgeting because we want to spend impulsively, and a budget requires that we sort out the difference between needs and wants.
8. But if we really value financial freedom, then a budget is invaluable.
9. A budget is simply a spending plan.
IV. A Fourth principle for Financial Freedom is THE PRINCIPLE OF SAVING & INVESTING.
A. Proverbs 21:20 says, “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.”
1. And so the Bible teaches that it is wise to save.
2. Unfortunately, saving is no longer an American virtue. Americans today live with the motto: “Spend it now, who cares about tomorrow!”
3. Certainly, God does not want us to worry about tomorrow, nor to put our trust in our savings, but as wise stewards we need to learn to save and allow compounding interest to work in our favor.
4. Saving teaches us to delay our gratification for a later day – if we save until we have enough money to buy something, then we are more careful with the purchase, or we don’t buy it at all.
5. One of the most powerful biblical stories of investing can be found in the Parable of the Talents found in Matthew 25:14-30.
6. In that parable, Jesus taught about the importance of being good stewards of our resources by effectively investing those resources.
V. A Fifth principle for Financial Freedom is THE PRINCIPLE OF GIVING.
A. People who are financially free are in a position to be generous.
1. Because they have been intentional with their finances, they are not strapped by debt and are in a position to respond generously for kingdom purposes and are able to respond to the needs of others.
B. I want to say something that may really surprise you today – giving to the Lord cannot wait until we have financial freedom, it must begin immediately, regardless of the situation we are in.
1. When we find ourselves financially strapped, the first thing to go out the window is usually our giving to the Lord.
2. What I want us to realize is that giving to God must be our first priority, God must not be last on our list and receive something only if there is something left over.
3. The principles of giving to the Lord come to us first from the Old Testament.
4. Before the Law of Moses was put in place we see God’s people offering sacrifices to the Lord and we see Abraham giving a tithe – 10% of what the Lord blessed him with. (Gen 14:20)
5. The principle from the Old Testament is that the Lord always had to receive the first fruits, not the last fruits, and that no one should appear before the Lord empty handed (Deut. 16:16).
6. God chose 10% as the reasonable amount for the Jews. I don’t know why he chose that amount rather than 5% or 25%, but I have always tried to use at least 10% s a beginning point for my giving and I would challenge you to do the same.
7. Many others here can attest to God’s faithfulness in response to generous, sacrificial giving.
C. You might be wondering why I’m encouraging giving even when the money is tight, and the reason is that I believe we can never get ahead by cheating God.
1. God simply will not bless us if we are not expressing our faith and obedience to Him in our giving.
2. Look at Proverbs 3:9-10, “Honor the LORD with your wealth, with the firstfruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine.”
3. Look at Proverbs 11:24-25, “One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed. “
4. Turning to the New Testament, 2 Corinthians 9 has a lot to say about giving, but let me remind you of verses 6-8, “Remember this: Whoever sows sparingly will also reap sparingly, and whoever sows generously will also reap generously. Each man should give what he has decided in his heart to give, not reluctantly or under compulsion, for God loves a cheerful giver. And God is able to make all grace abound to you, so that in all things at all times, having all that you need, you will abound in every good work.”
5. To achieve financial freedom, we must start by honoring God with our wealth, and by returning to Him an amount that shows our trust and appreciation.
VI. Let me offer one more principle for Financial Freedom-THE PRINCIPLE OF CONTENTMENT
A. People who are financially free are content – they simply are not obsessed with getting more.
1. I’m not sure who the fabled Joneses are or how they got to represent a standard of achievement, but people who are content aren’t pressured into keeping up with them.
2. Money is, itself, a neutral medium of exchange, but we have attached a myriad of meanings to it.
a. For some of us, money represents power.
b. For others it represents prestige or security.
c. The meaning that some people have attached to money becomes the hook that pulls them toward greed and places them into bondage.
3. Ron Blue, who has written extensively about finances, says greed is defined as “just a little bit more.”
4. Solomon, the writer of Ecclesiastes wrote, “Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income. This too is meaningless.” (5:10)
5. Hebrews 13:5 says, “Keep your lives free from the love of money and be content with what you have, because God has said, ‘Never will I leave you; never will I forsake you.’”
6. God needs to be the One who is most valuable to us, and when He is, He satisfies!
7. In our Scripture reading for today, Paul wrote, “But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that.” (1 Tim. 6:6-8)
B. The world tells us that financial happiness comes by “having what you want,” but the Bible tells us that the key is not having what you want, but by “wanting what you have.”
1. Contentment is its own form of riches.
2. A Florida newspaper reported about a study that showed that 70% of lottery winners in Florida are bankrupt within three years.
3. A Reader’s Digest article asked, “Does money really buy happiness? No. Because happiness isn’t for sale. Many people get tripped up by this one, amassing wealth only to find themselves cycling into a bottomless pit of unsatisfiable yearning. Turns out, joy and misery are not that far apart when it comes to very big wads of cash. Consider the case of a Kentucky couple who won $34 million in 2000. Thrilled to be released from the demands of their boring old jobs, they frittered their fortune away on fancy cars, mansions, all the usual stuff – losing everything that mattered in the process. They divorced, he died of an alcohol-related illness, and she died alone in her new house just five years after cashing the winning ticket.” (March 2006, p. 151)
4. Paul calls us back to a reality check – we physically brought nothing into the world, and we physically take nothing out of it.
5. All our stuff is just temporary.
6. I heard about a man who decided to take it all with him. He made his wife promise to put all his money in the coffin with him when he died. So, at his funeral, she dutifully wrote a check for all his money and put it in the coffin with him. Guess what: No matter where he is going, no checks are cashed there!
7. The Bible says that we will never ultimately be satisfied by things. Isaiah 55:2 reads, “Why spend money on what is not bread, and your labor on what does not satisfy?”
8. Real happiness is found in godliness and contentment. These are great gain!
Conclusion:
A. Financial bondage is a heavy burden to bear, but by God’s grace, it is possible to break free and live in financial freedom.
B. Here are some things we must begin doing immediately to have a debt makeover and to move toward financial freedom:
1. First, we must act our wage. We must stop spending more than we earn. That may mean reducing our monthly commitments (cable, internet, cell phones, high car payments, etc.)
2. Second, Undergo plastic surgery. How do we do that? By cutting up our credit cards or stop using them. One way to begin to dig out of debt is to stop creating more debt.
3. Third, we need to systematically pay off our credit cards. Have a sale and sell everything you don’t need, then apply that money to your cards. Pay them off one by one, and apply the payments you were making to the remaining cards. You may have to get an additional part-time job.
4. A place like Consumer Credit Counseling Center is very helpful in working out a budget and helping in negotiating with creditors. I have taken several people there for assistance.
5. Starting this Wednesday night and for the rest of the Spring Quarter, Bill Perkins and Larry Brown will be teaching a Bible class about Scriptural and practical ways of being good stewards of the finances that God entrusts to each of us.
6. I hope that all of us will participate in that class!
C. If you are struggling financially and need a debt makeover, whatever you do, don’t give up.
1. Ask for help if you need it.
2, Remember Jesus said, “A man’s life does not consist in the abundance of his possessions” (Luke 12:15)
3. Money and things do not equal life.
4. God offers real life; real joy; and real peace – when we have those, then we are really rich!
