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Path to Financial Freedom

Path to Financial Freedom. FINANCIAL MANAGEMENT:. By: Gideon Gichamba. Your Expectations?. Objectives:. To empower us with the Knowledge and the underlying principles to financial freedom To eradicate financial illiteracy To empower us to educate others

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Path to Financial Freedom

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  1. Path to Financial Freedom FINANCIAL MANAGEMENT: By: Gideon Gichamba www.gideongichamba.wordpress.com

  2. Your Expectations? www.gideongichamba.wordpress.com

  3. Objectives: • To empower us with the Knowledge and the underlying principles to financial freedom • To eradicate financial illiteracy • To empower us to educate others • To enable us make more informed financial decisions www.gideongichamba.wordpress.com

  4. Relevance of Financial Literacy • 75% of the parables of Jesus related to money • Money answers all things-Ecc10:19 • No true test of a man’s true character is more conclusive than how he spends his time and MONEY-Patrick Morley • Majority of human problems revolves around money www.gideongichamba.wordpress.com

  5. Four Pillars to Financial Freedom • Earnings • Savings • Investments • Giving www.gideongichamba.wordpress.com

  6. 1. EARNING: • Earn little by little-Pro 13:11 • Do not despise the days of the humble beginning • Realize that 1+1=2 • Be ethical in your earning so that God may bless the works of your hands www.gideongichamba.wordpress.com

  7. 2. SAVINGS • It is biblical to save, it is not lack of faith • It is foolishness to spend everything-pro 21:20 • Savings enables you settle emergencies without getting into debt • At least 10% of total earnings should be channeled towards savings. • It is not how much you save, it is how faithful you are. www.gideongichamba.wordpress.com

  8. SAVINGS Cont’d • Suppose you spent Kes 20 on lollipop everyday… • In a week=Kes 140 • In a month=Kes 560 • In a year=Kes 6,720 • In 4 years=kes 26,880 • Think of that, kes 26,880, for just 20 bob, how about more???? www.gideongichamba.wordpress.com

  9. Challenges to savings? www.gideongichamba.wordpress.com

  10. Challenges to savings: • Lack of a well thought and a balanced budget. • Untamed impulse buying • Underestimation of expenses • Unwelcomed emergencies www.gideongichamba.wordpress.com

  11. INVESTMENT • It helps to grow your savings • Cast your bread into many waters Ecc 11:1 • In Jesus’ parable, the master rebuked the servant who didn’t merchandise his talent-Matt 25:27 • It entails finding ways to grow your financial egg. www.gideongichamba.wordpress.com

  12. Areas of Investment • Financial markets: Shares, Unit trust, Education policy • Assets: Land, property, machinery and equipment • Business: Build the goodwill of a business concept www.gideongichamba.wordpress.com

  13. 4.GIVING • Start by paying your tithes and other offerings in the house of God Mal 3:10 • Identify your ceaser around you-Pro 28:27 • You can never be poor by giving • If you cant give when you have less, then you wont give when you have more • It leads to productivitytitus 3:14 • It is more blessed to give than to receive Acts 20:35 • The rich fool died because of his selfishness www.gideongichamba.wordpress.com

  14. Questions www.gideongichamba.wordpress.com

  15. Thank you  www.gideongichamba.wordpress.com

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