Summer vacation for the students is fading which means it’s time to get Jr. some stuff for his new school year. Before you go on a shopping extravaganza this weekend during the tax-free weekend, I want to encourage you to do two things.
1. What does he/she NEED.
2. And how much do you have budgeted for Back to school shopping.
It’s very easy to get caught up in the shopping spirit. Be intentional. That doesn’t mean you can’t buy something fun for school, just stay in touch with how much you have to spend.
If none of this applies to you; please consider blessing/pay it forward/giving (whatever you want to title it) some school supplies to a local school or a local ministry that is serving families that don’t have the funds to get school supplies.
And finally, August is tomorrow! Sit down with your spouse or partner and go over your August budget. Talk about life and any plans you or your household have. We will be having a FREE lunch-break webinar tomorrow from 12:00-12:30 on budgeting. Whether you get paid a fixed amount each month or your income changes month to month, we need to budget and be intentional. You’ll enjoy tomorrow’s discussion. Forward this to any co-workers, family or friends who may want to join. Register here for FREE.
Remind yourself to give just because of the freedom you have. The freedom to apply your efforts towards your passion each day. Sure some days we won’t be pumped about doing some stuff that you dread. But in general we have the freedom in America to do what you desire to do each day. Whether for an occupation, your faith, your family, etc. Give back expecting nothing. But give because of what you have already received. Even the next breath of air. Give somehow and someway to someone who gave their time and even their life to fight for your Independence.
Long story short, Dave Ramsey’s office called to cancel because he’ll be out of the office Wed – Friday so they had to cut some programs on the air this week. Yea you’re thinking right, one of the programs he cut was with me.
Not sure how or when Financial Storehouse we’ll be used or if used at all with Dave’s show but so much good has come this past month preparing to get on the show. Just the motivation to prepare to speak with 5 million listeners has catapulted the mission.
If anything it has given us all something to pray about. Thanks for including me in your prayers. Feel free to continue.
I want to stop by real quick to ask for your support. I have been given an opportunity and invited to speak with Dave Ramsey on air this Tuesday 22JUL. Here’s how you can support… Please pray that this opportunity is glorifying Him. And this platform is used to be able to serve others.
This may have been a summer filled with significant life changing events or summer filled with vacations and family time. Or maybe a little of both. But incase you missed part 1 feel free to read it here http://financialstorehouse.com/summer-a-great-opportunity-for-kids-to-work
In part 2 I want to encourage the parents, grandparents, guardians, etc. to encourage their kids to finish strong this summer and get closer to any goals they set. Sure it’s summer time and they are getting ready to get back into a heavy school schedule. Heck your son or daughter may be heavily involved with activities this summer. But if it’s just one or two days a week where your son/daughter finds two neighbors that want their yard cut or one day a week go find cars that need to be washed. Or if they are crafty make bracelets and sell them at your local summertime outdoor events. Find something they are interested in and challenge him to leave the house and create an income. It will create conversation and lessons on what to do with the income he gets. Now he can apply that money to giving, saving and living.
Make sure they do a little of each.
Obviously it’s your household and your rules but consider having your child save for a portion of their car purchase. They’ll treat it differently when you buy it for them. Encourage them to save for the activities they will be doing with friends after the football games on Friday nights. Or even the spring break trip coming up in March.
Summer is almost over. Create learning lessons. Create a family that is being intentional with their income.
Big picture: In a world where we are being marketed to through our phones, tablets, ebooks, magazines, facebook, twitter, instagram, etc we must train up a child to relate work with money in hopes to install characteristics of saving up cash to make purchases. Currently our culture’s trend is to buy something we want with money we don’t have. The results are households with to much debt.
Sure some are suffocating when it comes to not having financial margin. Almost as suffocating as when your big brother or sister use to dunk us in the pool over and over and over. And hoping we can get free so we can breathe again!
If we are being suffocated by stuff we have to make changes. With the similar intensity as if we were struggling to take the next breath above water! But if you have created your boundaries and are blessed with an income and you have eliminated your non-mortgage debts (Step 2) and you have 3 months of expenses saved in cash (Step 3) and on top of that you are putting money away for retirement and kids or grandkids college (Step 4 & 5); then you get it! You get what it feels like to continuously grow financial and relational margin in your life as well as your family or business. Those characteristics are passed down generationally. The characteristics of not only gaining margin but doing such a radical thing like committing to never going back into debt again!
Mix building financial and relational margin with giving (money) and you get a return on your investment that no mutual fund, TSP, 401k or any single stock can ever give you. Not just giving to anyone or any business but a business, mission or individual that is on a mission you believe in. Incorporate in your prayer and thoughts a mission or missions you can give (money) to. Whether it’s $5 or $500,000, watch how you receive fulfillment by making an impact on a mission or person. And watch what happens to your mission. Don’t give expecting great things to come right away. But give because great things have happend to you already. Sure you can give in other areas besides money (We talked about that in Part 1) but enjoy allocating a % of your money for giving.
I mentioned recently my wife Shannon and I closed on a house. But I want to share some of the blessings that were given from others. And what is awesome is that none of these gifts that I’m sharing were gifts of money.
When Shannon was pregnant with Neyland and the year lease was coming to a close at the two bedroom apartment, we (that includes the yellow lab) began thinking about finding a place to rent that had a yard and more room. And then here comes Bryce and Franny Jeter. They offered us to rent their four bedroom rental property for the same amount we were paying for the two bedroom apartment! They very easily could have rented it out to another customer for more. This was huge. At this time Shannon and I were saving up in our Storehouse fund (3 months of expenses saved) as well as saving up for a down payment. This gift from them allowed Shannon and I to continue to have margin to save for the rainstorms and to save for the purchase of a home. We couldn’t of done this without their gift.
After living in the house for almost two years we were ready to buy a home. Long story short Bryce and Franny sale Shannon and I the house. For a great price. Just like the rental price, they could have gotten more by selling it to another interested buyer. I can’t speak for Bryce and Franny but I believe they enjoy giving and blessing others.
After the house closed we replaced the roof. And a friend blessed us by saying, “You buy the products and bring workers, I’ll put on a roof for you.” And next thing you know it over 5 days (it rained off and on) we had family and friends dropping by to give their time to help work on the roof. A good friend Marcus Elliott has such a giving heart he was there from start to finish. I understand not everyone could do that but while he is inbetween seasons during his professional basketball carrer he decided to workout on the roof. Without expecing a dime for compensation. And during the week my buddy Nathaniel that’s a skilled electrician said, “After work I can hook up the power to get your irrigation pump turned on.” Wow! Folks just looking for an opportunity to give their time and talents! When others plant seeds and enjoy doing it, it not only benefits the person receiving the gift or blessing but it impacts the giver. When we enjoy giving we have a community and a village of folks that want to serve others.
I could go on and on about the dozen different folks who dropped by. They all shared this. Their attitude was in a place of wanting to give and expecting nothing in return. I challenge you to give to someone today. And it doesn’t have to be money. Just give. Somehow some way.