When do you feel financially safe?!

1. 61

   eastexplorerposted 13 years ago

   When do you feel financially safe?!
   
   I've still got a lot of growing up to do, I earn money but it's not enough. When will it feel likes it's enough?!

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2. 59

   Richard Craigposted 13 years ago

   The only time when you truly feel that you have enough money, is when there is money sitting in your bank account that you don't need to spend.

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3. 56

   raul29posted 13 years ago

   Isn't that an interesting question? While I was growing up I always heard it preached that "Money is the root of all evil!" Actually the verse says "For the love of money is a root of all kinds of evil" (1 Timothy 6:10). God looks at the thoughts and attitudes of our hearts. With that in mind, what kind of attitude does God want us to have about our finances?
   
   God has a holy purpose for our finances, just as he has for everything he has created. We as humans are the ones who turn it into something evil.
   
   "To the pure all things are pure, but to those who are corrupted and do not believe, nothing is pure." Titus 1:15.
   
   God wants us to view money from His perspective: as a tool to be used for good. How do we do that? By putting God first in all that we do with our money. After all, it really isn't our money, it's a gift from God for us to use in a godly way. Here are some basic biblical principles on finance.
   
   1. Give to God First.
   
   Haggai 1:2-11 teaches us that we need to put God's house (the body, his church) first. By giving to God first he promises that he will prosper us. When we don't give to God first he may choose to let the money we do have go right out of our pockets. If you never seem to have enough money then ask yourself if you are giving to God first. If you want God's help in sewing up the holes in your purse, give to the Lord first.
   
   I make 6k a month because I put the lord first!

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4. 61

   eastexplorerposted 13 years ago

   Thank you both for your answers on the subject. Both are very much appreciated !

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5. 60

   antobezzinaposted 13 years ago

   "Financial independence is the ability to live from the income of your own personal resources." - Jim Rohn

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6. 84

   wychicposted 13 years ago

   When you have at least six months' worth of total expenses (not just your regular monthly bills) sitting in savings and you're living within your means every month. Financial security means knowing that if anything happens to your income stream, you have sufficient leeway to work toward recovery without losing anything in your way of life. If you don't manage your money, no amount will ever seem like enough. Establish your emergency savings account by putting aside 10% of your earnings every month until you hit six months of expenses...then never touch it unless you absolutely have to, and you have to because of extenuating circumstances that will be corrected. Once the account is established, start putting that same percentage into your retirement account and/or other investments (the younger you are, the more you can afford to put a bit of money into higher-risk investments with better returns).

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7. 65

   maheshpatwalposted 13 years ago

   Financial security very tough question. If a person earning $100,000 a year not able to save a penny for his future..... he would also feel insecure. Main point here is how much you can save for your future  to live a financially secure life.

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