Want to know how to develop your family’s financial success? In the fourth post of this series Money and Family, The 10 Commandments for your Finance Management, we will look at two key aspects of creating a family tradition of true wealth.
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Be a Good Steward
This is a commandment to remind us of our role. Never forget that everything belongs to God. We have the privilege of managing his resources for the common good. He determines the rules, which are unique and very good.
‘And on the seventh day God finished his work that he had done, and he rested on the seventh day from all his work that he had done. So God blessed the seventh day and made it holy, because on it God rested from all his work that he had done in creation.’Genesis 2:2-3
God created all things in six days and rested the next day. So also he separated the seventh day of the week for our rest. It is curious how enjoying a full day of rest empowers us to have bigger and better results. Of course, working 6 days a week is also critical, but Shabbat is sacred to spiritual, emotional, and physical renewal. I have been practicing this for years and I recognize that it is the main habit for a complete life.
‘Remember the Sabbath day, to keep it holy. Six days you shall labor, and do all your work, but the seventh day is a Sabbath to the Lord your God… Therefore the Lord blessed the Sabbath day and made it holy.’Exodus 20:8-11
Keep in mind that this is a principle to develop the financial success of your family. If you want to thrive in your life, you need to work seriously for 6 days and then devote a day to your rest.
Moreover, a good steward is one who spends wisely, diligently saves, and generously gives. If you understand that you are taking care of God’s resources, you will not waste money. In the same way you will not accept a petty mentality, desiring everything only for you. Generosity and discipline in controlling your finances will generate consolidated results.
‘Dishonest money dwindles away, but whoever gathers money little by little makes it grow.’Proverbs 13:11
Teach your children
And by the way, what is the best way to ensure lasting results than investing in your children’s education?
Dave Ramsey, America’s trusted voice on money, says that “wealthy people – who also have a healthy understanding of wealth – do not become obsessed with money and do not love money, they are nevertheless intentional about how it is treated and guaranteed that their children know how to handle money. It’s a family tradition.”
We already taught our children about money. Even small yet, they started learning to distinguish coins and notes. Then we began to reward financially simple tasks like collecting household trash and cleaning the floor. Thus they discover both the pleasure in serving and the value of every penny.
In addition, they also understand that profit is the result of serious work. It is need to be responsible to get on with life. They do not have to worry about their rights because it will come as a natural consequence of their responsibility. Our children can learn by working a little, having a lot of fun, asking and handling money.
We also show them that money is a spiritual issue. And by teaching them to separate the tithes, they apply the knowledge of mathematics – very important when we deal with finances – and create the habit of giving the first part to God.
So they learn the most important to develop financial success, which is not to love money. We teach our children to love God and to take good care of the resources that he generously gives for our good and for everyone around us.
‘Whoever loves money never has enough; whoever loves wealth is never satisfied with their income. This too is meaningless.’Ecclesiastes 5:10
Start developing your family’s financial success
Decide today to adjust your schedule, better control your finances and teach all you can to your children. Thus, in developing your family’s financial success you will result in a new family tradition of true wealth.
Prayer: God, thank you for your kindness to me and my family. Teach us to be good stewards and an example to our children. May our family be marked by the wisdom in financial management and generosity to bless many around us in the name of Jesus. Amen.
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