175. Financial Stewardship: Part 4 // Practical Tips to Stewardship

Tune into part 4 of the financial stewardship series where you will learn very practical tips on how to steward your finances well. From listening to ideas on how to decrease your expenses to being reminded of the importance of giving and tithing, this is an episode you won’t want to miss.

Show Notes:

Bible Verses:

1 Peter 4:10 “Each of you should use whatever gift you have received to serve others, as faithful stewards of God’s grace in its various forms.”

Matthew 25:29 “To those who use well what they are given, even more will be given, and they will have an abundance. But from those who do nothing, even what little they have will be taken away.”

Colossians 3:23-24 “Work willingly at whatever you do, as though you were working for the Lord rather than for people. 24 Remember that the Lord will give you an inheritance as your reward, and that the Master you are serving is Christ.”

Matthew 25:14-30 “For the kingdom of heaven is like a man traveling to a far country, who called his own servants and delivered his goods to them. And to one he gave five talents, to another two, and to another one, to each according to his own ability; and immediately he went on a journey. Then he who had received the five talents went and traded with them and made another five talents.  And likewise, he who had received two gained two more also. But he who had received one went and dug in the ground and hid his lord’s money. After a long time, the lord of those servants came and settled accounts with them. “So, he who had received five talents came and brought five other talents, saying, ‘Lord, you delivered to me five talents; look, I have gained five more talents besides them.’ His lord said to him, ‘Well done, good and faithful servant; you were faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.’ He also who had received two talents came and said, ‘Lord, you delivered to me two talents; look, I have gained two more talents besides them.’ His lord said to him, ‘Well done, good and faithful servant; you have been faithful over a few things, I will make you ruler over many things. Enter into the joy of your lord.’ “Then he who had received the one talent came and said, ‘Lord, I knew you to be a hard man, reaping where you have not sown, and gathering where you have not scattered seed. And I was afraid and went and hid your talent in the ground. Look, there you have what is yours.’ “But his lord answered and said to him, ‘You wicked and lazy servant, you knew that I reap where I have not sown and gather where I have not scattered seed. So, you ought to have deposited my money with the bankers, and at my coming I would have received back my own with interest. So, take the talent from him, and give it to him who has ten talents. ‘For to everyone who has, more will be given, and he will have abundance; but from him who does not have, even what he has will be taken away. And cast the unprofitable servant into the outer darkness. There will be weeping and gnashing of teeth.’”

Proverbs 18:21 “The tongue has the power of life and death, and those who love it will eat its fruit.”

Romans 4:17 “As it is written: “I have made you a father of many nations.” He is our father in the sight of God, in whom he believed—the God who gives life to the dead and calls into being things that were not.”

Topics Discussed:

Financial Stewardship

• Steward: the conducting, supervising, or managing of something. The careful and responsible management of something entrusted to one’s care.”
• The word, steward, translates in Greek as οἰκονόμον (pronounced “oikonomon”) translated manager.
• Stewardship means managing something God has given you.
• We are all called to steward
• If you steward well, God can trust you and will give you more
• God will reward you if you steward well
• You are held accountable for stewarding your money

Recap:

• The topic of money is heart and mind issue
• Everything you have belongs to God
• God will supply all your needs if you are faithful to tithe and give
• God wants to bless you financially so you can be a blessing and be generous to others
• Poverty is from the devil and prosperity is from God
• The love of money is evil, but money itself is not evil
• You cannot seek the Lord and not be rewarded!
• You can’t out give God
• Tithing and giving are spiritual principles and you will never be blessed financially if you don’t follow them
• You can’t afford not to tithe

Practical Applications to Steward Your Finances Well

1. Inner Healing

• Take time to process with the Lord.
• Examine your relationship with money. (Using money to self-medicate, retail therapy, etc.)
• Look at your generational line – are they savers, spenders, do they hoard? Did they tithe? Are they generous? Is there a poverty mindset?
• Break off all generational curses and ungodly beliefs.

2. Tithe/Giving

• Tithing is a godly principle.
• You are commanded to tithe no matter how little or how much money you make.

3. Speak Life and Thank God

• There is power in your words. Speak life with a grateful heart.
• God gave us things to enjoy. Thank Him for those things
• We must show contentment.
• Don’t deny your circumstances but speak LIFE over them!

4. Increase income

• Get creative on how to increase your income.
• Make a plan of what you want your income/job to be, and make a plan to get there (more education, training, etc.)
• Find a mentor or coach to assist you.
• Invest money in the stock market (mutual funds, etc.)
• Multiple streams of revenue.
• Start a side business (6^th day business)
• Ask the Lord for wisdom and insight.

5. Decrease expenses

• Track your transactions to understand what your expenses are and where your money is going.
• Decrease monthly subscriptions.
• Make a short-term plan to decrease living expenses.
• Decrease how much you eat out. Implement a temporary grocery/diet change.
• Consider going to a 1 car family and carpool to work.
• Shop smart. Pay attention to prices.
• DIY learn skills.
• Never lease a car.
• Beauty at home (manicures, dying your hair, etc.)
• Price compare.
• Use general wisdom.

Powerful Quotes:

“You are called to be a good steward.” – Caroline

“If you steward well what God has given you, God will entrust you with more.” – Caroline

“God will reward you if you steward well.” – Caroline

“God will be faithful to supply every single one of your needs, but it is your responsibility to steward what He has given you.” – Caroline

“If you want to be set apart, then you have to break free from the retail therapy/consumption mindset.” – Caroline

“Get your mind off of your circumstances and get it focused on God’s Word.” – Colby

“God’s best over you is different than your current circumstances.” – Caroline

Resources: 

Financial Freedom Episode 95

Reaping What You Sow Episode 170

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