By Ahmad Davis
Special to Inside The Pew
I learned some simple systems for taking control over my finances that have helped me to stop being overwhelmed, pay off debt, strengthen my marriage, and coach a multitude of professionals, couples, and businesses.
Step 1: Learn from the right sources
My oldest daughter is a stereotypical teenager in some respects. She loves to listen to music, her fashion sense is affected by the fads of the day, and she sometimes believes in the wisdom of her peers over the wisdom of us older people. So I decided to take a different approach when challenging some of that wisdom, I would ask for proof. This proof would be need to be in writing from another reliable source, and sometimes more proof is needed. I found that her friends were usually exaggerating about their knowledge or were just plain wrong.
Personal finance is much the same. There are a lot of “experts” giving different opinions about the same information.
Step 2: Do they work from a proven system?
Proven systems can typically be easily explained and have a step by step process involved. If your source can not walk you through the process from A to Z, walk away. This person or business either is not performing these steps in their own lives, have not walked other people through the system successfully, and/or have not taken the time to structure the information so that is easy to understand and simple to implement.
Key Point: Some systems are proven by personal example, some are proven by success of others, but all can be taught in a step by step format.
Step 3: Can you find it in Scripture?
If you look, the Scripture will give you guidance on what to do and what not to do with every part of personal finance from debt, saving, budgeting, investing, making money with a business, etc. One of my favorite Scriptures on this is Philippians 4:6: “Do not be anxious about anything,but in everything, by prayer and petition, with thanksgiving, present your requests to God.”
When you are receiving financial advice, simply walk them through this process and you will quickly weed out advice that is not in your long term best interest.
Ahmad Davis is a Coach with Victory By Design, a firm based in Beaumont, Texas, serving clients locally, nationally and internationally. Ahmad provides solutions for individuals, couples, and businesses who are overwhelmed and stressed financially. Ahmad’s typical clients’ are pastors, single parents, lawyers, couples, doctors, business executives, newlyweds, business owners, and others who want a simple solution with remarkable measurable results. For more information, visit http://www.thebiblicalblueprint.com. To get your questions answered on the Inside The Pew Forum, email Ahmad at firstname.lastname@example.org.