Building a Financial Legacy

I don't have a lot of regrets, but among the few is the fact that I spent the first half of my adult life disrespecting money and assuming it would always be available. I made a lot of unwise purchasing decisions and went about the business of personal finance blindly and without proper planning.

Consequently, I made a mess of my finances and nearly forfeited my future. I’m certain that many of you have heard a number of sermons, read books and attended at least one wealth building workshop. If so, I want to reinforce what you've learned by encouraging you to "kick it up a notch." I applaud those of you who are already operating in fiscal wisdom; but for those of you who may be headed down the same path that I was on; I implore you to make a U-turn immediately! Do whatever it takes to get yourself on not only stable, but fiscally fertile ground.

Step One: Take Ownership
For some, the following doesn't apply. But for anyone whose finances are bruised or in trouble because of something you've done, or perhaps failed to do, honestly admitting your error is the first step to recovery.

Step Two: Repent and Ask Forgiveness
Most of the time when we think of repentance and forgiveness, sins like lying, cheating, stealing, backbiting, etc. come to mind. But do you realize that misappropriating the monetary sustenance that God provides us with is a sin as well? Do you subscribe to God's financial premises or have you robbed Him of the tithes and offerings He requires? Malachi 3:10 KJV

Step Three: Identify Your Issues with Money
Money mishandling can stem from a number of different sources which could even be tied into your emotions. Sometimes people handle money recklessly for reasons that are rooted in anger or in an attempt to compensate for low self esteem. Ask God to give you the strength to take a cold, hard look at the how and why of your finances. If you earn a decent salary, but find that you're always chasing money - only to have it seemingly disappear, then there is an underlying issue that needs to be uprooted.

Step Four: Seek Wise Counsel
It's no secret that nearly everyone is feeling the affects of today's economic crunch. The extent to which you are having financial difficulties is relative to your own individual situation. You may be able to simply cut corners here and there to get your finances on track. But if you are drowning in debt, it would be wise to ask the Lord to direct you to a reputable financial professional who will help you map out a plan of salvation for your finances.

Step Five: Set Goals
The biggest mistake I made with my finances is not knowing where my money was going to end up. Sure, you know you have certain monthly bills that have to be paid or else you'll end up living in somebody's basement. You have to be able to accurately track your money. Most of us have Excel or a similar spreadsheet program already loaded onto our computers, but for those who need a template based program, perhaps you might do well by investing in an accounting program like Quicken. You will need to do some research to find which system works best for you.


Step Six: Get to Work!
Faith without works is dead. You can recite affirmations, consult the experts and pray three times a day facing the east all you want; but if you don't put legs on those prayers, affirmations and advice it's all for naught. If you're financially solid right now, consider enlarging your territory and build upon what you've established. But if you're in over your head and not earning enough money to pull yourself out of the hole, it might be necessary to seek a part-time job, start a typing service or do hair in your kitchen to earn extra money, for example. Who knows, this could turn out to be the catalyst to take you from a mundane, perhaps even worrisome life, to becoming a savvy money mogul.

Step Seven: LEAP!

In her book, Sisters are Cashing In, Marilyn French Hubbard, Ph.D. identifies the road to financial success as a "wealth-creation journey that enables you to gain both inner and external wealth." French Hubbard states that this journey requires you to believe in four principles: Love, Energy, Authenticity and Purpose, which form the acronym LEAP. She goes on to say "we have to love ourselves as we truly are, have energy for what we do, be authentic in our approach to life, be true to our word and (my favorite part) have a purpose and dream that makes us want to be bigger than who we are, to achieve something that benefits more people than just ourselves."

Declaration of Financial Empowerment

(an adaption of a submission from Black Enterprises Magazine).

"From this day forward, I declare my vigilant and lifelong commitment to financial empowerment and hereby pledge the following..."

1. I will bring my tithes to the storehouse.
2. I will use home ownership as a foundation for building wealth.
3. I will be proactive in managing my budget, credit, debt and tax obligations.
4. I will maximize my earning potential, live within my means and commit to saving and investing at least 10% of my income.
5. I will ensure that my investments are properly diversified and correspond to my current financial goals.
6. I will immediately commit to a program of retirement planning and investing.
7. I will preserve and protect my assets through proper financial and insurance planning.
8. I will ensure that my children receive a thorough education on financial and business matters.
9. I will ensure that my wealth is passed on to future generations through proper estate planning.
10. I will use a portion of my wealth to strengthen my community.

"A wise steward will not only manage her day-to-day financial operations prudently, but plans for her future and prepares an inheritance for her children's children."

Keep Him Covered!

My husband tries to control me.

My husband isn't romantic.

My husband doesn't manage money well.

My husband won't go to church.

My husband isn't motivated.

My husband drinks/abuses drugs.

My husband puts his family and friends before me.

My husband can't find a job.

My husband is discouraged.

My husband isn't___doesn't___ can't ___ or won't __

Wise Wives,

You may be experiencing one of the situations listed above. Hopefully it's only for a season. But when it seems as if you've been weathering the storm for an unbearably long time, I recommend that you talk to the One who can do something about it. That is my theme, my battle cry and those are the words I stand on.

Women traditionally seek solace in each other by talking out our problems and frustrations among those we feel we can trust. In most cases that's a healthy way to avoid or reduce stress. It does wonders when you're feeling low, to be able to chat with a girlfriend who can just allow you to vent and not help you pack your bags every time your husband leaves the toilet seat up. However when there is a persistent, crucial issue that needs to be resolved it takes more than rounding up the girls for an afternoon or weekend long session of husband bashing.

As Christians we dutifully recite "the just shall live by faith" Romans 1:18 KJV and "now faith is the substance of things hoped for; the evidence of things not seen" Hebrews 11:1 KJV but when the rubber meets the road we have to go beyond regurgitating a string of words many of us learned as children in Sunday School.

We're sometimes blindsided by a situation and don't have the opportunity to address it specifically in prayer. So those of us who haven't spouted celestial wings yet do whatever comes naturally. We argue, hurl accusations, yell, negotiate, throw a tantrum, plead, negotiate, etc. But after exhausting all known remedies to your husband's shortcomings, the most wise thing to do is to consult the Lord. Cover hubby with prayer in anticipation that the results will be blessings beyond what you could even have imagined.

There's more to covering your husband than just asking God to fix him. There's a clause, if you will. While you're on your knees reporting him to THE AUTHORITY, ask HIM (God) to show you yourself and how you really fit into the picture. Ask Him to shine the light on you and if you might be contributing to the situation that you're so perplexed about. Could you handle things better? Are things as bad as they seem or are you watching/listening to someone who is telling you they are? What are your true motives? In getting the answers to these questions you might learn that the change might actually need to come from you. Then again, that may not be the case. In any event, the prescription to cure a malfunctioning husband is a fully functioning prayer life.

While You Wait

Do you realize that the moment you got married, you received a heavenly promotion? You alone have been appointed the most powerful position on earth where your husband is concerned. That is to operate as his personal prayer warrior, his spiritual shield and covering. God honors and will hear the fervent, effectual prayers of a woman who is petitioning Him on behalf of the man He gave her. Your prayer warrior position requires that you pray for him day in and day out, in season and out of season. Even, and perhaps especially, after he's angered or hurt you. I said after because I know there are only a select few who can pray while they are in the midst of an emotionally charged conversation or situation. But when you've had an opportunity to create some distance between yourself and the controversy, prayer is in order. There is no value in spitting out a of sarcastic imitation of prayer during the heat of an argument with your husband, just to show him that you're holier than he is. They call that hypocrisy.

Certainly you'll want God to save an unsaved or backslidden husband; but even husbands whose Holy Ghost is dripping from their coat tails need to be covered in prayer. In the most ideal marital situations, it is the wife's duty to consistently keep the shepherd of her home lifted in prayer. Pray for the Lord's anointing, plead the blood of Jesus for natural as well as spiritual protection. Pray for his finances, pray for him as a decision maker.

Also pray for people and situations that concern him. Pray for those he reports to - and for those who report to him, his co-workers. Pray for your in-laws, his friends and others who he is influenced by. Pray for his heart (men are masters at camouflaging their emotions). Pray for his dreams, that those seemingly impossible doors be opened for him.

Pray for every aspect of your husband's life, believing the outcome with be fulfilled, according to God's perfect will. If you feel your prayers are bouncing, enlist a seasoned, reputable prayer partner, perhaps an older woman who you know is rooted and grounded in the Word.

Walk in Victory

Speak in the affirmative. Act as though the work is already done. Operate as if your life depended upon your belief in the prayers you pray. Be a living example of the addage that says your attitude determines your altitude.