Recently, a co-worker shared something that enlightened me. They always used a financial counselor to advise them on various decisions that they needed to make regarding their finances and investments. However, they didn’t seem to be satisfied with the outcome of their investments.
They shared with me that, after talking in detail with their spouse, they decided to learn more about investments and the stock market. They signed up for classes and realized they could actually manage their own financial portfolio. They took charge of their investments and began to see a positive turnaround within the first few months of releasing their financial counselor.
They seemed confident about what they had learned and we’re looking forward to managing their financial portfolio in the months and years to come.
The biggest fear that many people have, is the fear of not knowing what you don’t know. That sounds odd but it is true. What you do not know about your finances, or financial health, may seem scary to some to the point of denying its existence or choosing to deal with it when things get really tough.
God desires for us to have balance in everything we do. Having the confidence to handle your finances is a commitment you have to make to yourself. Hosea 4:6 states “My people are destroyed for a lack of knowledge” KJV.
If people are bold enough to admit they do not know, they take the time to educate themselves in the areas that matter to them. So, why not us, children of the faith?
There are so many resources on finances. The question you need to ask yourself is, “What is my area of struggle when dealing with money?”
Is it a saving problem? Most likely you have not established boundaries and self-control, and you may need to set up a budget to stick to it.
Do you have unrealistic goals and expectations that leave you disheartened each month when you review your finances?Set goals for yourself that will boost your confidence because you are able to achieve them. This will result in becoming a better steward of your money because you have established a level of faith in yourself that you are capable of meeting goals when you set them.
Are you drowning in debt? Find out the exact amount that you owe so that you can establish a precise plan of tackling it.
When it comes to money, you have to be bold and face the issues head on. If you are tremendously blessed financially and have no issues with money, find ways to educate others to live in that liberty that you have been blessed to experience.
I learned a great lesson from that co-worker. What you don’t know, you can learn, and what you learn can enlighten you to make better and sound decisions that can position you financially to be in a stable place.
Are you ready to face what you don’t know about your finances? Start today. Learn something. It could serve as the trigger of change to a great financial future for you in the years to come.
A lot of people have heard of the phrase “it takes a village to raise a child”. I was thinking the other day, the reason why people have a sense of belonging for a community or a city or an estate is because of the people who live there. The experiences and support they bring to that environment promotes a positive culture that draws everyone who lives there to feel as though they belong. They become protective and nurturing of their “village”.
That is the same way we should think about our finances. You do not get to financial stability and freedom by guesswork, feelings or emotions. It is an act of intentional commitment, discipline, education and accountability and it will involve you, and those you are willing to listen to.
I am a firm believer that money is a magnifying tool that reveals the intent and the character of your soul. Who you really are will always be revealed in the abundance of money or lack of it in your life. I have been around people who seemed humble and kind when they did not have money, until they reached a place of financial prosperity. All of a sudden, a sense of being rude and dismissive becomes appealing as though it is supposed to be fashionable. Pride becomes a regular smoothie partaken to make sure that you prove to everyone you made it.
On the other hand, having a lack of money can bring out the insecurities, fear, withdrawal and lack of confidence of embracing true purpose. I have also seen people sabotage great relationships, their integrity and character, because the struggle of not having enough turned them to desperation. They ended up doing things they wished they had not, or going back into situations they should not have, to get back to that place of financial comfort.
The reality is, having financial stability is a great feeling. Waking up each day with the amazing peace that you can pay every bill or anything you owe and have so much left over is a wonderful blessing to experience. However, the biggest mistake we make including myself is, camping in that place of wishing that could happen if we are not yet walking in that reality.
To embark on a journey to success regarding your finances, it has to begin with your outlook. What do you think of yourself regarding money? Proverbs 23:7 KJV states “As he thinketh in his heart, so is he”. Your outward behavior and reaction including your relationship with money is a direct reflection of how you think about yourself.
To create an outlook that will push you and motivate you to a healthy relationship with your finances, including being vulnerable and honest with yourself, as to why you push yourself each day to financial success, practice the “4 C’s to a positive outlook on money” as given to me by Holy Spirit”:
Be willing to face yourself and examine the true motives of your heart. How do you view money? Is it dreadful? Are you stressed out every time its payday or do you have a heart of gratitude for Gods provision? Are you courageous to admit that a lack of money has created a void that you need God to fill? Are you willing to admit that you have used money to attain a status that will make people like you? You have to be courageous to face yourself on your outlook of money.
You have to commit to change. Denial is not a choice. It is an invisible wall that you create in the circumference of your mind to convince you to cope with the assumption that everything is okay when it is not. Commit to have a positive outlook regarding money. This will give you a fresh perspective of the root cause of your behavior and relationship to money. If money is a tool that motivates you to live a purposeful life, it will be revealed and you will be encouraged to continue working hard. If it is not, you can pause and find out why and adjust your outlook to route you in the right path.
Confidence is very connected with faith. God always tells you to believe the opposite of what you feel or see. Sometimes at your worst, when you are experiencing lack, God encourages you that “He is your Shepherd and you shall not want” Psalms 23: 1.
As a child of faith, you have to remember that God orchestrates each of our steps and as we live yielded to Him, He will guide us to wisdom, knowledge, education that will equip us to great stewardship. However, we have to first be confident in Him. I am learning that daily, God never gets tired of empowering us with confidence. Seek Him, ask Him, He is right there, and He is willing to release to you the measure of confidence you need to handle the financial obligations at hand.
Consistency is what icing is to a cake, what syrup is to a pancake, what salt is to soup. Have you ever had soup with no salt? There is no taste to it. But you add a bit of salt and the flavors seem to be awakened as you drink it. It is the secret ingredient that so many of us miss. We start, but don’t finish. We set the budget, but don’t follow it. We open the savings account, but never deposit any money in it. I look at consistency as pacing yourself to savor the sweetness of life.
I love drinking tea. I specifically enjoy a nice cup of Kenyan brewed tea. It takes a special skill to brew a really good cup of Kenyan tea. To add up the flavors and make sure the taste of it is not bitter. The key is time. I consider myself a “master” at making tea especially for a large group of people but, it took me years and years of making tea everyday to learn. I could make tea in my sleep. Was it exciting? No! In fact, sometimes I dreaded it. But, when I see people close their eyes and smell the tea as they drink it with a smile and savor the taste, it brings me great joy!
It is the same way with consistency. You are not going to have butterflies and feel a sense of excitement truth be told you may get bored, not want to do it, dread it, but that is when you should do it. Be consistent in your commitment to be courageously confident about your outlook on money and watch how open you will be to learning how to be a wise steward of what God has blessed you with.
The gates of hell will not prevail against the work of the church, but what about that massive bank loan?
An April CBN News report on church foreclosures was rebroadcast online last week and got Urban Faith digging into the topic. The report focused on two black churches in Atlanta that were threatened with foreclosure. One church, Higher Ground Empowerment Center (HGEC), renovated (and changed its name) after a 2008 tornado damaged its building, but couldn’t repay its $1 million mortgage when attendance and giving declined during a year-long displacement.
When the story originally ran, the church’s fate was uncertain. Urban Faith tried to contact HGEC both by phone and email to find out what the outcome was, but didn’t get a response. Citi-Data.com lists the church (under its former name) as the owner.
“The fast is really about curbing the need to consume. It doesn’t matter whether you’re a good steward or a spendthrift; all of us consume more than we need,” the announcement said.
If any of our Atlanta readers know the fate of this congregation, please let us know. Whatever it is, we applaud its willingness to advocate better financial stewardship.
“More than 90 metro Atlanta churches were posted for prospective foreclosure from 2006 to 2010, according to a review by the Kennesaw-based real estate research firm Equity Depot for The Atlanta Journal-Constitution,” AJC reported in February. Fifty churches, most of them small African-American congregations, “dominate the foreclosure lists,” AJC reported.
In January, The Wall Street Journal published a story that explored the roots of the church foreclosure crisis nationwide. The bottom line: Historically, churches have been accustomed to obtaining specialized loans that allow them favorable repayment structures. But after the economic downturn, many of those churches were faced with situations similar to the subprime mortgage crisis that devastated countless homeowners.
“Since 2008, nearly 200 religious facilities have been foreclosed on by banks, up from eight during the previous two years and virtually none in the decade before,” The CoStar Group real estate services firm told the Wall Street Journal. A representative at CoStar told Urban Faith Friday that the group hasn’t updated its church foreclosure data since then, but promised to keep us posted if it does.
“Their congregations have suffered higher unemployment, and often the churches provide more services,” Reuters reported.
Rev. Grainger Browning, senior pastor of Ebenezer AME Church in Fort Washington Maryland told the news wire, “At a recent meeting with the 100 top pastors in the country, it was amazing how all of us were facing some sort of challenge with the banks.”
A historically high rate of church building preceded the most recent economic collapse. According to data from the U.S. Census Bureau, money spent on the construction of religious buildings rose sharply in the late 1990s and peaked at $9 billion in 2003 before leveling off. A study by the Barna Group found that more than half of U.S. churches said they have been hurt by the recession, according to the Reuters report.
“The housing decline will be a long, multiyear process, and the multiplier effect across the economy will be enormous,” Doug Ramsey, an analyst at Minneapolis investment firm Leuthold Group told BW.
“What was real and what was never meant to be?” Ramsey wondered.
It’s a good question for struggling congregations as well. With iconic churches like Robert Schuller’s Crystal Cathedral going bankrupt, perhaps its not only the end of the McMansion era, but also the church expansion one.
The situation leaves us with questions:
What was done in faith and what was bad stewardship?
What do church foreclosures and bankruptcies do to the church’s collective witness?
How do we respond in faith to this crisis?
If your church is being foreclosed upon or facing serious financial hardship and you think your story can help others, we want to hear from you. Email me at [email protected]