A Clean Slate and a New Financial Outlook!

Happy New Year!

One of the great ways to start off the New Year is to make sure you have forgiven all the people that wronged or offended you during the year.  (You can go back further if this is the first year you have done this.)

I saw a great quote the other day that said, “Forgiveness does not change the past, but it does change the future.”

Another author said, “Forgiveness is not so much an act as it is a process.” It does take work to forgive people for the hurt they cause.  But it is the best way to live.  Because being unforgiving, holding onto hurt or grudges, or being offended is a prison that can be hard to escape.

The best practice to establish in your life is to forgive quickly.  It will show in your face.  Those that hold grudges become hard in the face and in the heart. Eventually it will destroy your relationship with all those around you.  Forgiveness allows you to move forward without the baggage and bondage of the grudges people hold in their minds.  Holding grudges is like a prison.  Forgiveness sets you free.

You can forgive a person even if they are not sorry for what they did.  Remember Jesus said when he was dying on the cross, “Father forgive them, for they know not what they do.” You can also live even on a higher level than forgiveness by asking God to forgive them and bless their lives.  It is one thing for you to forgive a person; it is another for you to ask God to forgive them.  That is called intercession.  It is a much bigger way to live and a great way to clean the slate of the last year(s) and start over.  It is a much lighter feeling to go forward into 2017.

The other way to start off the New Year is to do the things I talked about in the book Poverty vs Wealth.

  1. Keep God first all year.
  2. Be a giver of part of your income .
  3. Be a saver of part of your income.

These three simple things can change your life dramatically as the years go by.

If you have not tried these yet, set a goal to do your best with each this year, and then at the end of the year, sit down and see if they have not changed your life.

If you have tried these things and they have changed your life already, read our previous blog and consider buying some stock or mutual funds for your children or grandchildren during the year.

This can open up some great conversations about God and prosperity within your family and church or fellowship.  Your children or grandchildren will have the gift of stock long after the other kids’ toys are in the trash and forgotten.

God bless you all and have fun setting some goals for the next year.  Let me know how it works out for you in the comment section.  I appreciate hearing from you.

Forgiveness and keeping God first are all part of The Prosperous Life.

Giving An Inheritance To Your Grandchildren!

Presents can be more than just toys!

We have been discussing over the last few months what to give our grandchildren for birthday or Christmas presents.  We decided to go with the long-term perspective of giving stocks.

Most of the presents we have given to our children over the years ended up broken, in the trash or lost.  And really, think about it, will your grandchildren remember the ugly Christmas sweater you got them after they have grown up? Probably not!

So we decided that with our grandchildren we wanted to do something different and help them develop a longer term perspective on life by giving them stock or mutual funds for presents.  This is something that would stimulate conversation not only with our grandchildren but also between us and our children and perhaps between the siblings.

We also hope this will help our grandchildren to see a better way to handle finances than living paycheck to paycheck.

This also is one way of doing the following verse:

  • Proverbs 13:22a  A good man leaveth an inheritance to his children’s children….

This giving of stock can open up conversations in your family and especially between you and your grandchildren as they grow up. For instance:

  1. Why to save money
  2. How to save money (automatic deductions from checking accounts)
  3. Not to spend all you take in
  4. How to grow your net worth over time
  5. How saving this way can provide for your family and your retirement.
  6. What happens if you live paycheck to paycheck?

Then when they reach adulthood, they will still have much of your presents left.

To do this their parents need to open a guardianship account with an online stock broker like TD Ameritrade or Charles Schwab.   Usually these accounts can be opened with no funds deposited in them. And they usually do not require a management fee from what I have been told. Then when the child comes of age, 18 or 21 depending on your state, the account will become theirs.

Then we would buy the stock in our account and transfer it to the child on or before their birthday.  Most charge no fee for the transfer.

Doing this may stimulate your children to add to the guardianship accounts for their children also.

They no longer issue stock certificates for stock (I was disappointed at that information), so you will need to download a blank fake form online and fill it out yourself to have something to give them on their birthday.  Then they could keep those in a notebook.

Our plan is to buy all the stock for all the grandchildren on the same day once a year, usually in the fall when stocks are cheap.  Also buy some of the same stock for ourselves so we can see how their accounts are doing since we will not be the guardians of the accounts.  This way they all get the same stock bought at the same time.  No partiality.

There is no rule on how much money you should spend.  It is the idea of the long term perspective on life, and how to treat money that is important rather than the amount.  So you could do $50.00/year or much more. So for five grandchildren and us that would be $300.00/year.  Not too bad.

This is just one more way in which we change ourselves and set a pattern for the generations that follow us to being producers instead of consumers — owning instead of buying.  Learning to live on less than our income.  Then taking part of the income, investing it and having it produce more.

This is all part of The Prosperous Life.

Have a great New Year.  Let me know how it goes for you in this adventure.

Poverty vs Wealth  Available on Amazon







Do You Have a Poverty or Prosperity Mindset?

What are you passing on to the next generation?


In the movie Hell or High water, towards the end, one of the actors makes the statement, “My parents were poor, my grandparents were poor — poverty is a disease that is passed generation to generation.”

Poverty is a relative term. According to some sources, 90% of the world’s population live on less than $10.00/day. According to that estimation of poverty, our welfare class live like kings with their food stamps, paid rent, air-conditioned houses, TV’s, cars and Obama phones.

However, poverty is not determined by how much money you have, but by how you think. Professional ball players making millions still think the same way they did while growing up and many go bankrupt within a few years of retirement.

Poverty mindsets — Here are some common ones:

  1. Won’t go into certain stores because they don’t feel good enough to go in.
  2. Can’t save money or make more than they need.
  3. Always jealous of what others have.
  4. No matter how hard I work, I can never make ends meet.
  5. Struggling is the story of my life.
  6. Might say: I’m short on cash, I’m hard up or I’m broke.
  7. Spends most all of the income every month.
  8. We are just scraping by …. On and On.

Our culture, our politicians and many times our religion are our enablers by the attitudes they expound. All the following quotes have one thing in common. Poverty is something a person is born into or has thrust upon them, and it is not the fault of the individual, nor can the individual do anything about it. It takes some greater power than themselves to extract them from the poverty.

“There is enough in the world for everyone’s need, but not for everyone’s greed.” Frank Buchman, protestant evangelist.

What he is saying is to meet the needs of all the people, we will have to take from the have’s and give to the have not’s. This is only accomplished by force — taxation or at the point of a gun. Clearly, a socialist mentality.

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”   Franklin D. Roosevelt, 32nd President of the United States.

Here we see that the poor can do nothing about their situation unless a power like the government provides for them. The poor are victims.

By these attitudes, we have developed a permanent underclass that is dependent on the government for assistance. We need a better understanding on how poverty and prosperity really work. Each has its own mindset.

P.J. O’Rourke — You can’t get rid of poverty by giving money to the poor.

Prosperity mindsets — come from God’s Word, the Bible

  1. Genesis 32:12 I will surely make you prosper.
  2. Genesis 39:2 The Lord was with Joseph so that he prospered.
  3. Deuteronomy 28:11 The Lord will grant you abundant prosperity ….
  4. Joshua 1:8 Keep this Book of the Law always on your lips, meditate on it day and night, then you will be prosperous and successful.

Here is a self-talk positive mindset that you can alter or use if you wish.

  •  I am a son of God, creator of the heavens and earth.
  • The One who parted the Red Sea and the Jordon River at flood stage.
  • The One who caused the sun to go backwards and caused it to stand still.
  • I am a son of God, who set the stars in their courses,
  • The One who forgave all my sin and seated me at his own right hand in Christ.
  • The One who loves me so much he gives his angels charge over me.
  • My Father owns the cattle on a thousand hill. (Psalm 50:10).
  • His hand is with me in everything I do. (1 Chronicles 4:10)
  • It is His wish above all things that I prosper and be in health even as my soul prospers. (1John 1:2)

Whatever you focus on expands. If you have the poverty mindset, it will manifest in your life.

If you have a prosperity mindset, it will expand and become the way of your life.

Put another way: whatever you confess, you will receive. So confess you are a child of God, with His blessing on your life and expect to see His hand at work in your life every day.

Decide today that for your family “the buck stops here.” You are starting a new tradition of Godly prosperity to pass on to the generations that follow us.

Learning how to do proper self-talk in the area of prosperity is all part of The Prosperous Life.

(For more on this topic read our book Poverty vs Wealth available on Amazon.)