Well done on continuing to move forward on this seven day plan!
You are doing such a good job. Remind yourself of this promise as you continue to move forward, leaving your past behind: I can do all things through Christ who strengthens me Philippians 4:13 (NKJV)
(We will resume our regular weekly posts after the first seven days of 2014, where we are focussing on tips to help succeed in financial goals this year)
As we’ve noted earlier this week, only 8% of the population actually end up achieving their New Year’s Resolutions and we want to be in that group of successful winners! Also, from the hundreds of responses to the ATP’s 2013 survey of church members in the UK, we met scores of members who admitted they either did not practical tools to enable them to achieve many of their financial goals.
There’s a simple solution for this; continuing to keep up with and revisit these seven days of tips and hints, one tip at a time, will help you progress your financial goals for 2014.
Before we go through Day 4, can you honestly answer ‘YES’ to these questions?
Question 2: Did you add an amount towards your savings goal/s into your Monthly Spending Plan? If not, then take some time to complete that task before moving on to today’s tip.
Question 3: As part of your morning devotional study and reflections, did you recommit your plans to God, asking for focus, guidance and clarity of purpose to help you achieve your goals and plans for this day, week and year?
Remember: Whatever you ask in My name, that will I do, so that the Father may be glorified in the Son. If you ask Me anything in My name, I will do it. John 14:13-14. So, just pause for a moment now to do so… and share your vision of better financial stewardship today with your fellow church members.
OK, now let’s see today’s tip!
Tip No 4: Increase (or start to acquire!) More Knowledge to Master Your Finances
Furthering your knowledge is an essential pillar to help you achieve your goals in finance, or in fact, any other area in personal development.
Nowadays, with so many resources available, there is no excuse for not getting the knowledge you need. With the Internet accessible at home, on your smartphone, at school and at work information is now (literally) 24/7 at your fingertips.
There are a number of good websites, free online courses, TV programmes, and educational books available that offer practical insights into personal financial mastery, money, finance and its ever-growing areas. For a list of the UK resources look out for future blogs as these will are posted and updated over the year.
First start off by making a list of the areas in your financial understanding that you would like to learn more about – these will also need to be relevant to the financial goals you have set.
Focus on something you are familiar with and would like to know more about: Many people want to dive into shares, bonds and investing in the stockmarket, options trading, mutual funds…. all without having basic understanding of financial markets or how to read the underlying information on the companies listed and publicly traded.
Don’t rush ahead without getting the foundations for your financial knowledge properly set up!
Next – and do this within the next 48 hours – identify where you can get the information to move your financial goals forward. If this is a first time activity, just focus on one of your short term goals and build up your sources of research and information.
So for example if you are looking at more information on savings, read all you can about ways to save, or understanding some of the simple examples on saving.
Sign up for one of the FREE Access the Power (ATP) “SMARTER Finance” Seminars – delivered in your local church, these have been made available annually since 2004 and now run between April – December.
If your church has never had one of these sessions, show this blog to your Stewardship Co-ordinator and ask him/ her to arrange a session for your church group as your Stewardship Day this year.
“SMARTER Finance” sessions are open to all participating church members in any Seventh-day Adventist church group in the UK. A number of local church groups in England already this session for basic financial literacy as a Stewardship Day whilst others use the weekend workshops or one-day seminar services for both the church and local community outreach.
For more information or to arrange a programme at your local church click here – (this will take you to the feedback form on this blog)
In the UK, the government launched the Money Advice Service in 2010 which, in spite of its name, is not a financial advice service! It is a free resource of financial information, although at the end of 2013 it came under fire as the Treasury Select Committee and MPs condemn Money Advice Service as ‘not fit for purpose’
If you have a specific individual planning advice need, don’t skimp on paying for professional help – Be sure to reach out to a good financial advisor if you have an area in your finances (eg insurances and retirement planning) that you would like to sort out. This will not only provide you with a deeper understanding of these financial products and other financial matters, but it also will allow you and your advisor to improve your financial goals.
If you are looking for a financial planner or financial advisor make sure they have the required accreditation to offer their services. But remember, if you are not clear about the area you need advice for you will be wasting good money. The most expensive is not always to best and you don’t always get what you pay for.
Brighten the Corner Where You Are…
The book of Proberbs is a fantastic way for you to start gaining some of the basic understanding of how successful people approach business, wealth and finances. One chapter a day and you have covered the whole book in a month!
For Ladies in the UK, see our blogs on Proverbs 31 for secrets on successful living , business and financial success. And see the Sorority created just for you, by women just like you PI TAU OMICRON (Π Τ Ο).
For ΠΤΟ sisterhood eligibility criteria click here.
So, do let us know if more financial knowledge is an area you would like to see more about and we’ll post further information on practical ways to do this.
Tomorrow, we will look at another tip to help you in your financial goals. As always, share how you are getting on with these, any questions or comments you have.
Until then, have a blessed Sabbath….onwards and upwards!