Monday 31 August 2015

The Heart of Financial Stewardship

Image by pjefc.org



At the heart of 2008  global recession, many individuals were eaten up by two emotional juggernaut namely greed and fear, when you cannot manage both it can paralyze or decapitate your long-term financial success. Like any other financial crisis the self-preservation became the starting point of a longer process of economic recovery. The good news is there’s hope that we can outsmart that thinking by knowing who we are and what character should we learn in handling our finances.

A Christian perspective towards global economy should be different from common people. Your true identity that you need to embrace is  you are a very wise fund manager who properly allocate money not only for your existence but also to use it in a more unselfish ways. You don't own anything, that big house that you have, those large asset class portfolios, tons of businesses you are managing are just all resources. A simple principle can be found from the first commandment given to Adam (the first man in the book of Genesis)was to manage everything he could see in the garden. Stewardship is more than spending, saving and investing.
 
Giving is the center of every financial management. If you wanted to change the course of your community and a nation you should also include your money  that you are using as you serve today. Look into the philanthropic activities of those large organizations, the upcoming trend of social entrepreneurship that giving back to our society and environment. These are some good ways of managing funds. As we relate it to your personal finance, learn to give. I recently had a conversation with a highly respectful doctor. He told me that he have investments in different asset class such as mutual funds, stocks, real estate properties and more than enough cash to live but his problem is he still thinks those money are still not enough for him even he’s been frugal throughout his life. I asked him “How’s your giving fund?”, he responded with pure honesty and told me that “I noticed that as I grow older, wiser and earning big bucks I’m becoming more selfish”. Advertisements nowadays says about having more means you’ll be happier but for how long? I cannot blame that doctor, because inside our inner system giving is total counter intuitive.



Image by Wallpoper

Your goal is to maximize your money while you are here on Earth. In a simple context use your funds not just for your pleasure but learn to give and stop using the clench fist financial planning. In God's economy we are all blessed and no scarcity.  When you practice  being a good manager and conscious  leader definitely you will inspire your followers or even young generations. You will stop a vicious cycle that will free everyone from a self entitled culture. 
Giving your Tithes, supporting worlds missions, continuously funding a non -profit organization to reach wide range of people are outstanding forms of selflessness. Money can be use to sustain wars, build iron towers, create roads and expand the kingdom of God. After all, it can change lives. 

Let us all make poverty a history 





David Isaiah Angway is a Financial Evangelist

 

Sunday 30 August 2015

3 ways how to resolve your money problems





Trying to solve your money problems with more money will not help instead it will just magnify the issue. Before you want to fix your money mistakes you need to  do three things. Identify your core values, change your mindset, evaluate  yourself.


Identify your core values is something that we considered as guiding principles that dictate behavior and action. Everybody has a core values but money will never be included in the list. Not even a single organization  that I know focuses on money.  That means money is not the right option to solve your issues with it. You need a deeper and compelling reason beyond money itself. 

Sample core values  Courtesy of Zappos.com
10 Core Values:
1. Deliver WOW Through Service
2. Embrace and Drive Change
3. Create Fun and a Little Weirdness
4. Be Adventurous, Creative, and Open-Minded
5. Pursue Growth and Learning
6. Build Open and Honest Relationships with Communication
7. Build a Positive Team and Family Spirit
8. Do More with Less
9. Be Passionate and Determined
10. Be Humble


Changing your mindset-  rewiring your brain and building essential habits on how to fix your belief system towards money will play a big role. When  you think money is the root of all evil you are consciously developing a bad relationship with money and won’t achieve financial freedom. If you will train yourself seeing money as a gift or a tool to advance God’s kingdom and help more people then you will found a deeper meaning and purpose why your behavior right now should change. Read more of the bible cause it will enlighten you about the subject of money. 


Aseponde



Evaluate yourself- Many people don’t’ recognize the fact of evaluating yourself can really  help in improving your performance and test your personal integrity. When you are trying to make improvements with your budget, saving money and investing, evaluation is a key to see the growth towards your goal. I highly recommend you to do this every week or monthly to check whether you are gaining efficient skills that you have financially.

 
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1 Timothy 6:8 should be our focus
But godliness with contentment is great gain. For we brought nothing into the world, and we can take nothing out of it.  8 But if we have food and clothing, we will be content with that.”


David Isaiah Angway is a Financial Evangelist

Will Recent Correction turns into a Bear Market?

According to Euro Pacific Capital CEO Peter Schiff, rising interest rates is the main driver behind the selloff.

"People want to blame it on China, but it's not about China. The U.S. market was falling before the Chinese slight devaluation," Schiff said.



"There has been a lot of technical damage done, and if the Fed isn't going to come out and come clean about the fact that it's not raising rates, I think this correction will turn into a bear market," he added.

There is no strong catalyst for the bear to appear. In my opinions, these could be the trigger points :

1) Oil countries/companies start to run into bankruptcy due to persistent low oil prices

2) Fed going ahead with interest rate rise and the percentage of rising given a shock to the world

3) China's stock investors panic selling causing the stock market to crush

4) something sudden happened unfortunately (example, war, virus)

Do you think current correction will turns into a bear market? Why?





Saturday 29 August 2015

16 amazing quotes about TIME





I am fascinated with SUCCESSFUL people who uses their time very well. They use this as a leverage to get things done and reach their goal as soon as possible.

Here are some of the thought provoking quotes that will remind you how we should look at time.





















 

For everything there is a season, and a time for every matter under heaven: a time to be born, and a time to die; a time to plant, and a time to pluck up what is planted; a time to kill, and a time to heal; a time to break down, and a time to build up; a time to weep, and a time to laugh; a time to mourn, and a time to dance; a time to cast away stones, and a time to gather stones together; a time to embrace, and a time to refrain from embracing; 





Credits to: 

amhavingfun.com
bestsayingquotes.com
buzzquotes.com
flickr.com
geniuesquotes.com
hourglass.com
personalexcellence.com
positiveinspiringquotes.com
quotepixel.com
quotesonimages.com
thequotepedia.com
wordbypicture.com

  

David Isaiah Angway is a Financial Evangelist