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6 Valuable Principles To A Financially Fulfilled Life
Whether in the second, third, fourth, fifth or more advanced decade of one's life, these fundamental rules and milestones can help everybody.
Below is the list of rules for a financially fulfilled life. Please feel free to review or add yours to it.
1) Have Skills
Even for those who do not consider themselves entrepreneurs, most workers should expect multiple changes in employers and job titles throughout their careers. Develop a set of marketable skills that would make you stand out so that 'you can matter where it matters'. (See Proverbs 22:29)
In life, changes constantly come our way. Good ones and bad ones. We usually can't avoid most of life's storms, but we can prepare and strengthen ourselves inwardly to help us weather through them.
Expand and develop your spiritual skills to deal with, or embrace these changes. Don't look at your religious identity as stagnant, or your spiritual maturation as "in the box." Explore new ways to constantly grow as a person and to grow in your relationship with your Creator.
2) Know Thyself
Having a firm grasp on your priorities and values is one critical component of a healthy financial life. Is impressing your friends one of your values? So why do you feel the need to have an expensive leased SUV in your driveway?
People get so caught up that their goal becomes having another zero before they go. Remember money is not the most important thing.
Knowing yourself means looking into the proverbial mirror and becoming in tune with your spiritual goals. It means not needing to impress others. It means not defining yourself by your external circumstances. It means realizing your essential worth as a creation of God.
It means discovering who you are—and who (not what) you can be. (Read/study Romans 12:3-8)
3) Know Smart People
It is important to have strong advisers in your life. Knowing a good financial adviser, attorney, insurance agent etc, can save you untold amounts of money and stress.
Just as it is important to have good financial advisers, it is even more essential to know emotionally intelligent and spiritually "smart people."
An imprisoned individual cannot set himself free. Often we cannot release ourselves from a challenging situation or a financial, spiritual or emotional crossroad. We might be too caught up in the situation to see beyond it. Seek an expert—a mentor, guide or true friend who can be an invaluable source, a great listening ear and a reservoir of wisdom in helping you find the direction you need.
I thank God for this forum & appreciate all my Smart Steward Sisters. I am blessed to have you all💕. (Proverbs 12:20a)
4) Scale Back the Credit Card
Many people are credit-carding up. Sarah Young-Fisher says that a thirty to forty year old needs to be "living on your pay check." You should be getting by without taking on credit card debt and saving at least 10% of your total salary for the future. I say this should apply to all age-groups.
Many of us "live on credit" in our psychological and spiritual lives too. We borrow time, energy or resources from meaningful pursuits, and "purchase" instead the temporal, material and trivial—without building up a strong emotional or spiritual foundation.
Even in the daily grind of life, meaningful time spent bonding with family, children or friends, or special time dedicated to your inner soul should never be squandered.
Living on credit, without a healthy balance, is too expensive. The debt eventually catches up with you and robs you of your inner peace. (See John 15:4-5 & Philippians 4:7)
5) Own a Home—or have a plan
A home is where you feel comfortable to be yourself. It's the place that you can let your hair down and throw off your heels. It's a place which is uniquely and exclusively you, furnished according to your personality, your likes and dislikes.
Owning your own home – or having a plan to own it, figuratively and spiritually – means setting down roots. (Luke 14:28-30)
Young-Fischer says that home ownership should be a top priority. As well, when you do buy, she says, "buy what you can afford, not what you love". Dave Ramsey talks about this constantly too.
Surround yourself with an environment that is conducive to your spiritual goals, a place that is a safe oasis from the pressures, struggles and divisiveness of the outside world.
Start slowly, buy what you can afford, but keep in mind how you'd like to grow, at your own pace, into someone that you will love even more.
We cannot over-emphasised the importance of giving!
It' is "financially healthy to give." The good vibes one feels from giving to a cause can create that feel-good factor. Establish a regular charitable giving plan no matter how little it is.
Charity is the one commandment which God says, "Test Me on this one! I promise you that if you give to others in need, I will repay you for your giving tenfold!" - (Proverbs 19:17)
Whether it is giving of your money, time, energy or resources, giving is enriching. Giving helps us to become who we are meant to be. And its emotional, spiritual and financial paybacks are additional incentives making it worth our while and "healthy to give."
I believe that these few points listed above, amongst others, are wise principles for leading financially, spiritually, meaningful, successful—and enriching—lives.
Omolara Salami Odukoya
On a daily basis, we feature words of financial wisdom from different Smart Stewards members and sometimes from Guest Contributors. You'd be glad reading them. Enjoy!
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