Financially free indeed MINISTREES
By Minister GARY O SHIELDS SR.
Part 2
St john 8 vs 32 and vs 38
MY PURPOSE… is to be a bridge between the have and the have nots to offer the information, and opportunities required to reconcile these 2 groups of people financially in the(1) body of Christ,(2) for black and brown people( who have been marginalized the most) and (3)to those who desire to leave an inheritance for their children's children in turn creating generational wealth.
MY MISSION… is to teach God's people how to be free indeed financially, through the means of their passive income replacing their monthly expenses one bill at a time.
MY ASSIGNMENT… is to teach a series of biblically based wealth building classes that are passive, and grounded in numbers not opinions, or emotions, so that God's children can become financially free indeed by replacing one bill at a time with cash flowing investments. (IE cash flowing assets.)
OUR TEXT… is Found in first Thessalonians 4 versus 9 through 12 which states but concerning brotherly love, you have no need that I should write to you, for you yourself are taught by God to love one another (vs 10) and indeed you do so toward all the brothers who are in Macedonia. But we urge you brethren, that you increase more and more (vs 11) that you aspire to lead a quiet life, to mind your own business, and to work with your own hands, as we commanded you(vs 12) that you may walk properly towards those who are outside, and that you may lack nothing.
Today we are going to go over my 70/ 20/10 method for your side business / hustle, and my 40 20 method that I used to turn my side hustle into my full time job, or in your case, the income required to feed your money machine designed for your financial freedom in the shortest amount of time.
The different mindsets that poor people have.
That middle class people have.
AND, that wealthy people have concerning money, and how their thoughts differ about the purpose of money, when they earn it.
OUR TEXT… is found in Ephesian’s 5 vs 15 and 16 which states see then that you walk, not as fools but as wise (vs16) redeeming the time because the days are evil.
First let's look at the definitions of circumspectly and redeem both of these definitions are found in financial circles. For example… the word redeem means to gain or regain possessions of something in exchange for payment, and circumspectly means to carefully consider all circumstances and possible consequences (IE prudent, PRO 22/3) for example they are circumspect in all their business dealings.
The 70/ 20 /10 method in which I described earlier pertains to the income that you make from your side hustle/business.
70% of the income will go towards paying off your bad debt and funding your money machine.
20% of the income we'll go towards things that you desire.
And the final 10% of your income will go to the charities in which God has placed in your heart to fund.
NOW LET’S observe the differences and how
a poor person
a middle-class person
and a wealthy person thinks concerning money.
1.A poor person thinks that earning, begging, or stealing money, is for paying bills and having a good time with whatever is left over.
2.A middle class person thinks that earning money is for paying bills, and obtaining good credit so that after they have paid their bills, they can buy things that they can't afford to impress people that they don't know,and pay for those things over time,( bad debt) have a good time, and if there is anything left ,then consider giving and, investing.
3. On the other hand a spiritually, a wealthy person realizes that, all that they have financially has been entrusted to them to manage well by God, and when they earn their income they immediately think in terms of being a great manager over the resources that have be an entrusted to them by GOD . Then out of gratitude they immediately consider the source of their income(God) and set aside(1) a portion to give to those less fortunate than themselves(.2) a portion to invest it into their money machine realizing that the days are evil, and (3)they walk circumspectly as the scripture tell us, and they buy back their time through passive income producing investments, then (4) they spend the rest on enjoyment and having a good time.
TODAY WE WILL EXPLORE THE 7 LEVELS OF FINANCIAL FREEDOM
THE first level is clarity…ST JOHN 8/32 which states you shall know the truth and the truth will make you free. And Proverbs 27 /23-27 states, know the state of your flocks, and put your heart into caring for your herds, for riches don't last forever, and the crown(your wealth) might not be passed to the next generation,(but if you are wise) after the hay is harvest and the new crops appear and the mountain grasses are gathered in, your sheep will provide wool for clothing, and your goats will provide the price of a field. And you will have enough goats milk for yourself, your family and your servants (employees.)
Every month evaluate.
How much did you earn this month?
How much did you spend this month?
How much debt are you in, and what is the interest rate of your debt?
How much did you save this month?
How much did you invest this month?
What is your credit score?
Every three months what is the rate of return on my investments?
What tax bracket are you in?
As you get better at answering these questions it should take you no longer than 2 hours per month to review the answers to these questions.
The second level is… God's reliance/independence.
Which simply means that you are able to live on your own, or with a roommate, pay your own bills, take care of your daily needs and your living expenses, without the assistance of anyone, or the system subsidizing your lifestyle. Remembering the scriptures found in 2 Thessalonians chapter 3 vs 6 Thu 10
which states...(vs6) But we command you brotherhood in the name of our Lord Jesus Christ that you withdraw from every brother or sister who walks disorderly( is lazy or a leech) and not according to the traditions which you received from us(vs7) for you yourself know how you ought to follow us, we were not disorderly among you (vs8) nor did we eat anyone’s bread free of charge, but worked with labor and toil night and day, that we might not be a burden to any of you.(vs 9 )not because we do not have authority, but to make ourselves an example of how you should follow us.( vs10) for even when we were with you we commanded you this if anyone will not work neither shall he eat.
At this stage you're living paycheck to paycheck, but you have the dignity to know that financially you can take care of yourself. With that being said, according to sofi.com the average Living expenses as of 2023 in California is $53,082 per year which is $4,423.50 per month. Being that calif is the 4th most expensive state to live in America.
The third level is… financial breathing room.
which means after paying for your monthly bills and having saved up $1000 in a (monthly paying) money market account, or high yielding savings account, and finding yourself still having some money left over for investments and wants for three consecutive months, it is then in my opinion that you have some breathing room. So with those numbers in mind let's look at a example of my method of investing for the goal of making 1% per month in your money making machine.
So you have $4,423.50 x 3=$13,340.07 in your dividend money making machine, producing a yield of 1% per month. Please take out your phone and tell me how much would your dividend money making machine be paying you every month?
The fourth level is…. Financial stability.
Which means when you have paid off all your high interest bad debt, and you have saved six months’ worth of living expenses in your dividend money making machine. So, using the numbers in the third level of $4,423.50 x 6=$26,541.00 in your dividend money making machine yielding you a rate of return of 1% per month, how much would your machine be paying you monthly?
Please note that is how much you would be making every month until you needed it, or God desired for you to vacate that assignment (your job) for another assignment in the work place.
According to the motleys fools survey for 2023 only 27% of people have six month’s worth of savings to cover six months’ worth of living expenses in their accounts, that means that 73% of people don't have six months’ worth of living expenses.
The fifth level is… financial flexibility.
This is when you have 2 year’s worth of living expenses saved up in your dividend money making machine. So with our example earlier, you would have $ 4423.50 x 24 months =$106,164.00 in your dividend money making machine at our goal of 1% per month equally(congratulations) the major milestone of $1,061.44 per month. Until your next goal which is,
The six level is financial independence.
Which means you now have 20 years’ worth of income.
So, let's assume that after 20 years of inflation at a 2% rate of increase, you now need $7000 per month in purchasing power (income), considering the rule of 72
Well, what the average financial advisor teaches which is the 4% rule, which means that you would take your yearly expenses and multiply that amount in our case equaling $7000 x 240 months= $1,680,000( from their perspective) in order to retire comfortably in California. On the other hand with my method of the 1% rule per month goal, in order to achieve the same goal, you would only need $800.000 at 1% per month=12% per year. At this rate of return you would receive $ 96,000 dollars per year, which is $8000 per month in income. Please note that’s $1000 more per month to continue to feed the money machine for your children's children, creating a system for generational wealth. (Proverbs 13(vs)22) This is the power of 1% method of investing.
The seventh stage is financial abundance.
This is when, from my perspective, that you are able to live on the 50 /20/ 10/10 and 10 method from your passive income for the rest of your life, and comfortably be able to set up a trust for your children's children intern creating the generational wealth exemplified in the scripture Found in Proverbs 13 and 22 which states, a good person leaves and inheritance for their children's children, but a sinners wealth is stored up for the righteous.
In conclusion
Please note… that this is my motivation, and my heart's desire (Psalms 37/4) which is to teach God's people what the Lord taught me (Ep 4/21) concerning the disciplines necessary for financial liberation (IE reparations) so that all of us can proclaim the statement that I once told my brother which was… I will face a lot of challenges/problems in my life, but by the grace of God not having enough money won't be one of those.
Always remembering if we don't all win none of us really win in the body of Christ.