Throw Away the Whole Mindset
“Out with the old, in with the new” is a popular saying. When a new year touches down, you want to leave behind in the past year everything old and weighty that caused you so much grief, frustation, and disappointment. So why can’t we leave behind old habits and mindsets that keep us weighed down and pennyless?
This January, if our financial part of our lives were rooms, they would be an empty room of compact four walls closing in on us, or is that just mine. After Christmas and an unexpected bill, I knew it would be tight and I expected to make it through with some sweat. However, with getting back into debt and having credit card balances again, I have been sweating a lot. Nonetheless, I am expecting to recover or at least stop the walls from closing in on me with prayer and planning.
But what about families or individuals who have to bury loved ones. It is much difficult for them to recover. One of my former students was faced with burying her beloved mom with no monies available for a funeral and burial. How disheartening it is to not only be grieving the loss of a loved one, but also stress over coming up with the money to take care of their beloved’s burial.
Don’t Just Talk The Talk
January was a tough month, and not just financially, but it has also left me to realize I carried into 2018 some old habits and ideologies that I did not fully nip in the bud, which have hindered me from truly rectifying my financial situations. I merely did on the surface work.
And for one, I can’t talk a good walk financially, get free from debt once minus student loans, clear up credit card debt twice, and save emergency fund technically twice only to keep the same habits and go down the same halls I know not to take. So, in actuality I am going around in circles. Now, I must say this. We are not perfect and will make mistakes, but we must admit our habits and ways that are hindering us from making true progress. “I want to create wealth” I heard myself telling the bank rep and “be debt free” but I needed a temporary short loan. Ludicrous. A loan to pay a bill and if honest to spend to add to more debt. For my situation, it was a no-go. I got denied the loan but am thankful because I have to trust God and put away old habits and actually walk the walk of what it is I am learning and sharing with others.
Father God, create in us a clean heart and renew a right spirit within us. Let us see money the way You do and let us get our financial affairs in order. We don’t know what the future holds, and Lord, we want to trust You and depend on You. Help us to seek You for wisdom to be prepared as well as help us to become better and godly stewards over all You have blessed us with. Let us be blessed to be a blessing too knowing that You have entrusted us to gifts, talents, time, and financial resources not just for ourselves but for others and Your kingdom. Let us owe no man nothing except love. Let us also have a heart of gratitude and be content in any situation. In Jesus’ name, amen!
So what’s our top 10 financial things we need to work towards in 2018.
1. Pray and meditate on the Word of God and His principles on money, tithing, giving, etc.
2. Seek the Holy Spirit for wisdom and guidance on when and how to give to others, how to sow and reap, how to invest, how to be a blessing to others, and just how to steward over what God has given us.
3. Start Saving. I don’t care if it is a jar of change. Or just dollars. Start and stay consistent. Put money in a bank account rarely used and assign those savings with a purpose.
4. Start an emergency fund. Unexpectedly, the car breaks down, the furnace goes out, your property taxes go up, we need to travel or want to bless someone, boom. We have something to work with.
5. Budget and cut some stuff out or down. Do we need to eat at a restaurant every day, do we need that other channel subscription alongside of Netflix? Do we need a new pair of shoes or a new pair of jeans every month? Do we want to just have stuff or do we want memories and moments?
6. Declutter our house. Sell or give away that stuff to others in need. I am a firm believer, that in order to make room for the new, we have to make space for it. So if we do want a new dress, check the closet for dresses we may have not worn in awhile and either embrace them again, give them away, or sell them. Their are avenues like the thrift store and Ebay who will buy or take and allow us to sell these things.
7. Invest. Research investing, stocks, and talk to professionals on such. And then start somewhere. We can even invest in pennystocks. Robinhood is a great investment source especially for beginners and pennystocks.
8. Talk about finances with the family, expectations, teamwork, goals, and create a financial plan.
9. Get life insurance. Point blank and period.
10. Stay consistent. Keep pressing. Be patient. Don’t give up.