Walking In God’s Favor: Tell those rich in this world’s wealth to quit being so full of themselves and so obsessed with money, which is here today and gone tomorrow. Tell them to go after God, who piles on all the riches we could ever manage—to do good, to be rich in helping others, to be extravagantly generous. If they do that, they’ll build a treasury that will last, gaining life that is truly life. 1 Timothy 6:17 MSG
Why Do You Want to Become Wealthy?
We enjoy encouraging those of who have a plan, passion, and a purpose for obtaining wealth. We can be in the middle of a recession, and you will continue to seek creative ways to realize your financial goals.
Deciding to become a better steward of your wealth takes wisdom, diligence, and prayer. If you seek 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.
The North America’s Wealthiest Families
You will be surprised to discover the profile of those who accumulate financial prosperity in America. According to Thomas J. Stanley & Williams D. Danko, authors of the The Millionaire Next Door, who researched Americans that have a net worth of a $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 their own, and 80% are first generation rich.
The Insider Secrets of The Wealthy
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 than 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.
In closing, I leave you with the words of Jesse Jackson 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: Lord, thank You for wisdom that creates wealth into our life.
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 Vance’s have been married well over 25 years and share their lives with four adult children and seven grandchildren. They currently reside in Huntsville, Alabama and blog weekly from their financial workbook ” The Stewardship of Wealth“.