Christian Financial Temporance

God bless you Patttern Realm

     In this vlog I wish to discuss four key concepts in the Christian art of financial temperance hope you're ready buckle your seatbelts because it's going to be an interesting ride. 

1.  Save for the short term.  So many people advise to save for the long term, however I think that's more in line with investing because Robert kiyosaki says that savers are losers.  Save short term for wow rewards for achieving a goal whether it be spiritual or temporal.   In latter Day Saint doctrine you can't sit right those two.  2 months into my marriage my wife came to me insisting that we saved some money for short-term goals.   I bought it first but then when mi Princess is element I have to listen. 

2.  Consume less than you earn.  All that is bad, now that doesn't mean that you shouldn't expand your means.  All Kingdom entrepreneurs should if only not just to make you and your family comfortable but to further the kingdom of God and to bless impact and influence the lives of others.  It doesn't necessarily mean totally to live below your means it means look for other sources to expand your means, but at the same time spending benches do not take you far as far as financial temperance.  Say if I was the wealthy I don't want no Lamborghini or some sports car give me something of electric like an SUV I care not whether it's a Cadillac Escalade a Chevy suburban or a Ford E350 as long as it is enough room for me and my wife and Friends to go where we need to go.  End of story. 

3.  Community and family resources are the first resort, the church should be the last resort.  I don't know how many times people think that the Church of Jesus Christ of the latter Day saints should take care totally of all its members.  It doesn't make any sense when your daddy should teach you self-reliance and financial temperance.  I know mine did, of course it was some uncommon wisdom perhaps a bit unconventional in the eyes of most church members, but it works for me. 

4.  Develop a balanced financial plan.  You don't necessarily need a financial advisor per se, but develop one where you can create assets for buying the assets such as gold and silver real estate oil or even my favorite royalties.  But at the same time your financial plan should involve investing in the long term and not always necessarily a heavy investment in the stock market, I don't think it's necessarily a good idea to be at the mercy of the Fed to take care of you.  This is where I will leave in my case precious metals and royalties are where my future financial plan lies. 

In Christ 

Jimmy Hendrick

EYP