Series: Money Matters Topic: Binding destructive money habits
Based on retirement stats in the US:
- 1. The mean retirement savings of working households aged 32 to 61 is $95,776, according to the Economic Policy Institute.
- 2. Thirty-five percent of workers have $100,000 or more saved for retirement. Thirty-eight percent have less than $10,000 saved.
- 3. Fifty-six percent of workers are currently saving money for their later years. That means nearly half of all Americans have yet to begin planning for retirement.
“Moreover, because I have set my affection on the house of my God, I have given to the house of my God, over and above all that I have prepared for the holy house, my own special treasure of gold and silver: three thousand talents of gold, of the gold of Ophir, and seven thousand talents of refined silver, to overlay the walls of the houses; the gold for things of gold and the silver for things of silver, and for all kinds of work to be done by the hands of craftsmen. Who then is willing to consecrate himself this day to the LORD?”” – I Chronicles 29:3-5 NKJV
- David didn’t live beyond his means
“Then Saul said to David, “Here is my older daughter Merab; I will give her to you as a wife. Only be valiant for me, and fight the LORD’s battles.” For Saul thought, “Let my hand not be against him, but let the hand of the Philistines be against him.” So David said to Saul, “Who am I, and what is my life or my father’s family in Israel, that I should be son-in-law to the king?”” – I Samuel 18:17-18 NKJV
“So Saul’s servants spoke those words in the hearing of David. And David said, “Does it seem to you a light thing to be a king’s son-in-law, seeing I am a poor and lightly esteemed man?”” – I Samuel 18:23 NKJV
- David saved with Goals in mind
The plans of the diligent lead surely to plenty, But those of everyone who is hasty, surely to poverty.” – Proverbs 21:5 NKJV
“There is precious treasure and oil in the house of the wise [who prepare for the future], But a short-sighted and foolish man swallows it up and wastes it.” – PROVERBS 21:20 AMP
Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest. – Proverbs 6:6-8
- David wasn’t crippled by the fear of investments
“Ship your grain across the sea; after many days you may receive a return. Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land.
Sow your seed in the morning, and at evening let your hands not be idle, for you do not know which will succeed, whether this or that, or whether both will do equally well.” – Ecclesiastes 11:1-2, 6 NIV
- David learned to Control his impulses
“Hope deferred makes the heart sick, but when the desire is fulfilled, it is a tree of life.” – Proverbs 13:12 AMPC
A person without self-control is like a city with broken-down walls.” – Proverbs 25:28 NLT
“Truly I tell you, whatever you bind on earth will be bound in heaven, and whatever you loose on earth will be loosed in heaven. “Again, truly I tell you that if two of you on earth agree about anything they ask for, it will be done for them by my Father in heaven.” – Matthew 18:18-19 NIV