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CLASS 4: APPRECIATING A GOOD THING��AM I LAZY OR DILIGENT?��

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October 4, 2023

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OPENING PRAYER�MEMORY VERSE

OPENING PRAYER (TOGETHER)

“Dear God, I am seeking WISDOM on my journey toward financial freedom. I pray You will give me the mind to trust Your instructions as I make my daily decisions. Please Lord help me to practice DILIGENCE in all that I do. Please God help me to FLEE from wasting time and your resources you have given me (Time, Talent and Treasure). Thank You for transforming my life. In Jesus name, Amen.”

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MEMORY VERSE (TOGETHER)

Lazy hands make for poverty, but diligent hands bring wealth.

(Proverbs 10:4, NIV)

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FINANCIAL FREEDOM GUIDING PRINCIPLES

  1. GOD OWNS IT ALL (Genesis 1:1, Psalm 24:1)�
  2. GOD IS THE SOURCE OF OUR BLESSINGS

(1 Chronicles 29:12, Philippians 4:19)�

3. GOD EXPECTS US TO BE GOOD STEWARDS (MANAGERS) OF HIS RESOURCES

(Proverbs 6:6-8, Luke 14:28-30)�

4. GOD HONORS OUR OBEDIENCE (Proverbs 3:9-10, John 15:7)�

5. GOD EXPECTS US TO GIVE CHEERFULLY

(Malachi 3:10, 2 Corinthians 9:7)

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PJ SERMON EXCERPT

10/1/23 FISHERS CAMPUS SERVICE: BACKWARDS ILLUSTRATION ( 40:09-42:25)

(210) FINDING A GOOD THING – YouTube

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LESSON OBJECTIVE

We will focus on the importance of utilizing our ability to WORK diligently as Producers, not Consumers. We must understand when the Apostle Paul stated in 2 Thessalonians 3:10 that WORK is necessary!! We will learn about INVESTING including REAL ESTATE. Our panelists will share how TRUSTING GOD and practically applying biblical principles in these areas has allowed them to bless God and others.

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RENTING vs. HOMEOWNERSHIP COMPARISON

RENTING

    • Flexibility: At the end of the lease term, moving is easier
    • Maintenance Free: The Landlord generally responsible for maintenance
    • Uncertainty: Landlord may choose to sell the property or increase rent
    • “Empty” Payments: Monthly payments have no financial returns-WEALTH KILLER

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HOMEOWNERSHIP

    • Variable Expenses: Unexpected maintenance costs
    • Stability: Homeowner in control of when to move
    • Equity: Monthly payments increase Net Worth-WEALTH ACCELERATOR
    • Tax Benefits: Mortgage, Property Taxes and Insurance Deductions
    • Generational Wealth: Ownership impacts heirs psychologically and financially

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HOUSING ECONOMIC FACTS

    • Median monthly rent per Rent.com is $2,052. Increased 25% since 2020
    • Median monthly mortgage payment per Business Insider is $2,061
    • National Assoc. of Realtors state median home price reached all time high in 2022 at $413,800
    • Real estate is normally over (35%) of wealth mix per (TheStreet)
    • Single women own (13%) of homes, while single me own (10%) (Forbes)

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    • Homeownership Distribution by Age Group: 39% (4/10)🡪Under 35, 63% (6/10)🡪35-44, 71% (7/10)🡪45-54, 75% (3/4)🡪55-64, 80%, (4/5)🡪65+

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    • Homeownership by Race: 45% (9/20)🡪African American,

49% (1/2)->Hispanic), 61% (6/10)🡪(Asian)74%, (3/4)🡪White

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RENTING VS. HOMEOWNERSHIP VIDEO

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  • PLEASE ADD: COMBINE “RENT PRICES EXPECTED TO INCREASE” AND “HOME OWNERSHIP 101” INTO 1 VIDEO

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INTRODUCTION TO STOCK and BOND INVESTING VIDEO

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  • PLEASE ADD: WHAT ARE STOCKS AND BOND INVESTING VIDEOS. PLEASE COMBINE INTO 1 VIDEO

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INVESTING BASICS

  • INVESTING is the act of committing money to something with the expectation of obtaining income or profit, generally in STOCKS, BONDS or MUTUAL FUNDS

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  • INVESTING is a long-term commitment and is the key to building weath.
  • One of the main reasons to INVEST is to offset INFLATION

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  • INFLATION is the rate at which prices for goods and services increase over time. as prices go up, your money is able to purchase less.

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  • How much you can purchase with $1 is called PURCHASING POWER.

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  • We lose PURCHASING POWER every year due to inflation.

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STOCK BASICS

A STOCK represents shares of ownership of the assets and earnings of a company.

    • You can buy Stock in any publicly traded company
    • Most stocks trade on:
      • NYSE (New York Stock Exchange)
      • NASDAQ (National Association of Securities Dealers Automated Quotations)
        • Technology Stocks trade on NASDAQ

It is INVESTING in a business. When you buy stock, you become a PARTIAL OWNER of that company.

The VALUE of your investment can go up or down. If the company does well your stock will INCREASE. If the company does bad your stock will DECREASE.

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STOCKS are more risky than BONDS. Both experience VOLATILITY (Up and Down)

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EXAMPLES of COMPANIES in STOCK MARKET

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BOND BASICS

A BOND is basically a loan to a company seeking to raise capital (money) to to raise money to finance new projects, maintain ongoing operations, etc.

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BONDS are issued for a specific amount of time.

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When you buy BONDS, you are loaning money to a company or government who promises to repay the money with interest.

BONDS are less risky than STOCKS.

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MUTUAL FUND BASICS

MUTUAL FUND: a combination of money from many investors to buy many kinds of investments, like stocks, bonds, etc. This is called a PORTFOLIO.�

MUTUAL FUNDS are sold in SHARES. The VALUE of the shares varies with changes in the value of the investments.�

MUTUAL FUNDS are probably the easiest and least stressful way to invest because of DIVERSIFICATION (allows you to spread your investments over a greater number of stocks and/or bonds. A drop in the value of one investment may be offset by a gain in another.)�

Must be 18 or 21 (depending on your state) to open a mutual fund on your own. Parents can open CUSTODIAL ACCOUNTS FOR MINORS.�

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Q & A