FINANCE FREEDOM: Identify Asset and Liability

What best can you do with the properties you have at your disposal?

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sset according to Oxford Advance Leaner’s Dictionary, is anything or person that is valuable or useful. It is a thing of value, especially property that a person or company owns… Note the word value. Thus anything that generates money and keeps on multiplying finance to you is called asset. For example wife, children lands building e.t.c. While liability is define as a person or thing that causes you a lot of problem or amount a person is expected to pay at a specific point in time. This infers that liability is what takes away money from you. You keep on spending on that thing in order to maintain it. It never brings you income, instead acting as parasite and grasshoppers in your life. For example, wife, children, immediate and extended family members, In-laws, building, car, phones, electricity and water to mention but a few.

 It depends on the individual in regards to the way life is viewed. Anything that you acquire in life can either be an asset or a liability. Your vision will tell if you are just a liability to the society or otherwise. The make up of your mentality will be very plausible as to whether you are surrounded by people of value. I mean those who add values to you, and not just creating problems that you have to sort out financially everyday of your life. If your family members are always falling sick, destroying properties, getting involve in one crime or the other then you’ve got to do something and put a stop to the mess. Are you into any business and even the capital is meant to settle debt. And your conclusion has always been you are managing, by the grace.

It is high time you break free from financial imprisonment.                              Check where you live, can you see asset or liability? The television you are spending money on to maintain is what the brother next door uses to multiply his income. How? He set it up for young people to come and play TV games and watch football matches. Oh there you are! For you to be financially free there is a need to differentiate between asset and liability.

FINANCE FREEDOM: Develop Your Financial Goals

You need to set goals for every part of your life.

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o set up goals is another way to talk about vision. To be financially free, you have got to develop both a saving culture and an investment culture. The saving culture is about keeping something (Money) possibly in the bank within your reach in case of emergency. You save against the raining day. Whereas investment culture is a long term financial deposit that can not be easily reached. It is meant for multiplication.

The crux of the matter is your answer to the following questions.                                                                          

What is your goal for saving and investing?                                                                                                                                    

Why do you put money in the bank?                                                                                                                           

Why must I put money in the bank?                                                                                                                                       

Why do you need to invest?                                                                                                                                              

What must you invest in?                                                                                                                                             

What percentage of your income do you save every month?                                                                                   

What percentage of your income do you invest?                                                                                                            

What is your monthly cost of living?

FINANCE FREEDOM: VISION

Habakkuk 2:3 for the vision is yet for an appointed time; but at the end it will speak and it will not lie. Though it tarries, wait for it; because it will surely come, it will not tarry.

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he word vision is used most time to depict picture. It has to do with the picture of what you are and what you will be. The Bible school of thought about vision is enigmatic. According to the book of Habakkuk a vision speaks; it does not lie; it may tarries; it requires patience and most importantly it will surely come to fulfillment.

Therefore, vision is a picture of what you want to become, while it paints the picture of who you are. Whatever is around you speaks about your vision. Everything about your life, family and friends is a product of your vision. Show me your friend and I will tell you who you are. What your vision says is what will see around you. It speaks about you. It doesn’t lie. The kind of people you associate with pictures who you are and tell more about your future. If you have always been financially handicap, check yourself, where you live and your associates.

Many are those who are educated that are not financially literate. To be financially free has to do with painting a picture of what you want to become financially. Having a long term plan for your finance- where you want to be financially at a particular time. It is simply looking down the horizon.  Vision is: show me your plan, and then the Lord of the vision will release the necessary provision. No vision no provision. My friend! Where will you be in two (2) years time financially?

You have got what it takes to be free from poverty mentality. Poverty is a mental state. The man that is poor, is not just poor physically, he’s been mentally caged in poverty. That is why some people are given resources to trade with yet the money is squandered. A man who is under the imprisonment of poverty mentality thinks about the basic needs of everyday life- what to eat and then what to put on. Such a man never grows financially beyond the realm of refugee.

FINANCE FREEDOM: THE RULES

 When nothing happens something is never created (event). The inception of something is an evidence to proof that an incident has occurred. God is a being with a purpose. And the purposes of God are guided by principles. Nothing exists without a purpose. Hence for everything that will see around us to be effectual the principles of life which operate in the cosmos must be put into consideration. Thus, whenever there is a school, there is a thought. And for whatever purpose there lies a principle.

The Bible I know is the book of books which principles cut across every facet of life. This includes your financial life. You will prosper provided you’ll follow the rules.

Deuteronomy 28:1-2 

"Now it shall come to pass, if you diligently obey the voice of the LORD your God, to observe carefully all His commandments which I command you today, that the LORD your God will set you high above all nations of the earth.                                                                                                                                                           2 "And all these blessings shall come upon you and overtake you, because you obey the voice of the LORD your God:

If only you will seek first the king (Jesus Christ) and his kingdom. Matt 6:33, Deut. 28:1, 2.

May be you don’t know! There are two kinds of kingdom that controls the affairs of things in the universe viz the Kingdom of God which is of our God and of his Christ and the kingdom of Satan. It is certain that the Bible refers to the devil as the god of this world 2Cor. 4:4. Yet the kingdom of God and of His Christ is forevermore. It is noteworthy that every kingdom has something to offer to its people. While it is faster to access wealth from Satan’s kingdom, the root of riches is full of decay.

To access prosperity from the kingdom of Christ demands certain principles that include:

Ø  Identifying with Jesus. Give your life to Him. Take Him as your Lord and personal Savior.                                  

Ø  Develop intimacy with Jesus the king. This has to do with your worship life. In worship, you develop a cogent relationship with the triune God.

Ø  Speak to God daily in prayers in Jesus’ name.

Ø  Listen to God daily, through the study of the Bible.

Ø  Speak for God daily, through evangelism.

Your source of fulfillment in life is a choice. You can either choose to be financially free or otherwise. You can choose the path of riches by choosing the Lord (Owner) or creator of wealth. You need to ask before you can receive and the only acceptable way to receive is through His only Son Jesus Christ. Jesus is the way the truth and the life and that no man gets to the father (King-God) except through Him… If you shall ask anything in My name, I will do it. John14: 6, 14.

FINANCE FREEDOM: THE EXPECTED END

It is pertinent to acknowledge the fact that life is precious provided you see it that way; for the way you see life-the way you live life. The preciousness of life is so high that you should live an average or below average kind of life. It is not in the thought of God about you to live below average.              

 

Isaiah 55: 8, 9 8 "For My thoughts are not your thoughts, Nor are your ways My ways," says the LORD. 9 "For as the heavens are higher than the earth, So are My ways higher than your ways, And My thoughts than your thoughts...  For I know the thoughts that I think toward you, saith the LORD, thoughts of peace, and not of evil, to give you an expected end. Jeremiah 29:11

Thus the expected end includes your freedom in Finance. Financial life is one area of human that pictures how best an individual is. So, you can’t be the best in life if you are not financially free. As a matter of fact, if your financial life is faulty, all other areas of life will continue to experience decay. That does not mean that finance is the ultimate thing in life. The Bible states this clearly in 1Timothy 6:10 that: ”the love of money is a root of all kinds of evil, for which some have strayed from the faith in their greediness, and pierced themselves through with many sorrows”.                                                                                 

Therefore, if the love of money is a root of evil, the lack of money is the father of trouble.

It is high time our man made philosophy about finance and old time dogma about riches be abated so that above all you may prosper in all things and be in health, just as your soul prospers.  

It is never in the mind of the man who holds people captive to set them free: it is in the hand of He who is a captive to set himself loose from bondage. You have got what it takes to be all round free indeed.

One way

While there countless way to be the best in life finance is one major way to be relevantly significant in life. The love of it is evil and lack of it is the master of trouble. Be wise