The 4 Uses of Money
The use of money can seem very complicated at times. But really, it only has four basic uses:
Live
- Balancing provision and protection (God’s protection, my responsibility to provide)
- How much is enough?
Give
- Giving breaks the power of money
Owe (Debt & Taxes)
- Debt always mortgages in the future
- I owe taxes, but they are symptomatic of God’s provision
Grow
- Growing margin is the only way to meet long term goals
This chart shows how each category affects the other categories. All four categories should not exceed 100% of income. Too much allocated to one category affects the others.
Which category can you adjust to balance how you are using money? What percentage would you like each category to be? One of the categories will not only bless others, but you as well. Guess which one?
Click below to read other articles from the Christian Financial Advisors June 2016 Newsletter
Market Emotions
Your Market Update
The 4 Uses of Money
Happy Father’s Day
It’s Vacation Time!
Family Arc
The views expressed represent the opinion of Christian Financial Advisors®. The views are subject to change and are not intended as a forecast or guarantee of future results. This material is for informational purposes only. It does not constitute investment advice and is not intended as an endorsement of any specific investment. Stated information is derived from proprietary and nonproprietary sources that have not been independently verified for accuracy or completeness. While Christian Financial Advisors® believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Accordingly, such statements are inherently speculative as they are based on assumptions that may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Past performance is not indicative of future results. For any discussion of equity securities: Investing in equity securities involves risks, including the potential loss of principal. While equities may offer the potential for greater long-term growth than most debt securities, they generally have higher volatility. For any discussion of taxes: Christian Financial Advisors® does not provide tax advice and encourages you to seek guidance from a tax professional.