Clench fist financial planning

A clench  (close)  fist in the area of financial management is full of greed that tightly held so that those precious funds (moolah) will never get away. The close fist represents someone who doesn’t know how to give. They think that if they hold those money so tight they think that they will reach financial freedom. People who don’t give because of shortsighted misunderstands how this so called money works. These folks are so weak and insecure, they believe that they get more by hoarding and gripping those funds.

The problem with clench fist financial planning ARE:

1. It is born on weakness 

 Maturity shows up when you don’t clinch. When you try to open your hand that means you are starting to open up your mind. It is also a gesture of invitation and acceptance. Dave Ramsey said  “When we are scared we fight, clench our fists and prepare for battle because we don’t have the perception or position of strength to avoid a fight. So while a closed fist is a sign of battle it is born of weakness.”

2. Insecurity is the motivation

There are many people who don't give because they felt they don’t  have enough. The money they think they have right now will not be sufficient at all. Giving is a counter intuitive approach.  Open hand is NOT part of the vocabulary.  They let this clinch fist tactics to make their insecurity stronger than ever. Me, myself and I is the anthem of this people which is unhealthy at the long run.

3. Against Biblical principle

When you hoard too much, you exercise your free will  a lot. But, you were created to give something in the first place.   Giving is motivated by grace. Your capacity to give has a spiritual connection too. Remember that in relation to (Gal. 6:10) So then, while we have opportunity, let us do good to all men, and especially to those who are of the household of the faith. This passage shows  that we have no right to hoard money or possessions when we are aware of others in legitimate need. Once you are in clinch fist that means there's an issue with stewardship. This principle applies to the Body of Christ, since we are part of the  family of God and we are consider as brothers and sisters of each other--and also to the non-Christian poor. 

4. You will surely stinks    

When you don’t take a bath for awhile your nasty odor will surrounds the whole place. It will be devastating for your friends, colleagues or strangers to be around you. Swamps are characterized by slow-moving to stagnant waters. When you hold that too much water without releasing it imagine the toxic waste that's accumulating inside it this will make you stinky than ever. Clinch fist money management will help you become worst and not achieve financial freedom.

5. Financially imprison

Many people wants to experience financial freedom but still imprison with poor money mindset. You are in chain if you follow this rule.  Way back World War 1 and 2 there were many people who gave their lives to their country for the sake of freedom. Giving is one of the major reason why we are free today.  Break free from those money myth and you will achieve a higher purpose why you need to open your hand.

When it comes to financial planning and wealth building habits we need to be aware how to let go of the financial myths and renew our mind with new set of rules. 

Getting personal

1.      Can you describe your ability to give today in the aspect of Money, Time, Talents.

2.      How many percent do you normally give to the non profit organization like church, charity or orphanages?

3.      Do you have a budget for giving (Benevolent fund)? Can you justify why do you give the way you give?

4.      What are your action plans to prevent the clench fist money management?

5.      Where do you see yourself in the aspect of giving after a year?

David Isaiah Angway is a Financial Evangelist