Walking in God’s Favor: Solomon, the richest man who ever lived on the planet, said, “Do not wear yourself out trying to get rich. Be wise enough to know when to quit. In the blink of an eye wealth disappears, for it will sprout wings and fly away like an eagle. ” Proverbs 23:4,5 (NLT)
We have personally experienced family and friends who have become really excited about a business opportunity that enlightened their minds to the great wealth potential we enjoy here in America. We enjoy encouraging individuals who have a plan, passion, and a purpose for creating wealth. We can be in the middle of a recession and these individuals will continue to seek creative ways to realize their financial dreams.
Deciding to become a better steward of your wealth takes wisdom, diligence and prayer. If you are seeking the spiritual power that God gives to get wealth, you are going to have to think differently and make choices that will move you toward your financial destiny.
You will be surprised to discover the profile of those who accumulate financial prosperity in America. Thomas J. Stanley & Williams D. Danko, authors of the The Millionaire Next Door, researched Americans that have a net worth of $1 million, or more.
Their findings are interesting. Usually the person is an entrepreneur, who has lived in the same city all their adult life. They own either a service company, small factory, or chain of stores. They remain in a lifetime relationship and have married once. They live next door to people with a fraction of their wealth. They earned their money on they own and 80% are first generation rich.
Here are seven common traits found in people who successfully create wealth: (Adapted from the The Millionaire Next Door)
1. They live well below their means.
2. They balance and integrate their time, energy, and money efficiently in ways that create wealth.
3. They believe that financial independence is more important that displaying high social status.
4. Their parents did not give them their wealth.
5. Their adult children are economically self-sufficient.
6. They are good at finding and targeting marketing opportunities.
7. They chose the right occupation
Jesse Jackson says in his book,It’s About Money, ” Income without wealth, is just flash without cash.” Always remember, income is based on your paycheck and wealth is based on your assets. (What you own)
Prayer of Blessings: Dear God we are thankful to live in one of the wealthiest countries on the planet.
Michael Vance is a senior account executive with Hundley Batts & Associates and the co-founder of stewardshipofwealth.com. Ardella Vance is a gifted educator and a Master Guide in the Pathfinders Club, a global organization empowered to teach life and leadership skills to young people. The Vances have been married well over 25 years and share their lives with four adult children and four grandchildren. They currently reside in Huntsville, Alabama.