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5 Money Lessons to Learn Early On

September 23, 2009


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Photo Credit: ES

If I knew then what I know now – surely I would’ve done things differently!

Every hear those words before?

Every say them!?

I catch myself saying them every now and then. 

We all have various lessons we wished we would’ve learned at an earlier stage in life.

The great news is that it’s never too late to change.  It’s never too late in the game of personal finance to turn the ship around. 

Money has a funny way of controlling us doesn’t it? 

Our thoughts, our desires, our motivations – they are all impacted by our money. 

Learning these lessons early on will help you stay in control of your money rather than letting it control you.

1. Spend Less Than You Make

I spent an entire post talking about this very point – so I won’t hammer it too much here.

At the core of our personal finance is this very thing – you cannot spend more than you make and expect to get ahead. 

It’s so simple, so basic that it’s almost insulting to mention it – but time and again I hear from folks who just can’t seem to get this in their minds.

The earlier you “get this”, the better off you’ll be.

2. Pay Your Tithe First

The Bible talks about honoring the Lord with your firstfruits (Proverbs 3:9), which back in an agricultural society meant bringing your best produce and livestock to the Lord first.

In today’s economy, a practical application of this can be: the first check you write when you get paid is your tithe. 

Giving back to Him is a natural response we have when we realize how much God gave us. 

We don’t do it to earn God’s favor, but rather to show our gratitude for canceling our greatest debt.

Don’t wait til you “have money’ to give, because that day never comes.  Rather give back to the Lord first for He promises to provide for your needs. 

3. Pay Yourself Second

After you give back money to the Lord, the next check you should write is to yourself. 

This means you should have a set percentage or a set dollar amount that you save before you pay everything else. 

Usually, if you don’t do it beforehand, what happens is that you may typically spend all of your money and by months’ end – there’s none left over to put into savings and investments.

Saving before your other bills – even if it’s only a small amount – will help establish a consistent pattern of savings and will also help you realize the importance of putting some money away.

4. Debt is Slavery – Not Leverage

This is something I wished I would’ve learned early on when I was in college.  The first day of school my freshmen year I signed up for a credit card mainly to get a free T-shirt.

Little did I know that a little plastic card would lead to thousands of dollars in credit card debt.  Unfortunately I thought that credit cards were a good source of leverage – and I paid dearly for those mistakes.

Using leverage to buy a home is something many of us have to do, but using leverage to buy everday items or depreciating assets is typically not a wise move.

The Bible illustrates a great point when it says that the “..borrower is slave of the lender” (Proverbs 22:7).

5. Contentment is a Jewel

One of the biggest reasons we take on massive amounts of debt and struggle to get ahead is because we lack contentment. 

Contentment is defined according to Merriam Webster as:

 feeling or showing satisfaction with one’s possessions, status, or situation

Whether in good times or bad, in excess or in want, when we learn how to be content with what we have, where we live and what kind of car we drive we can start making big strides with our finances. 

Contentment is a rare gem in today’s society and an area I hope I can grow in as well.

4 Comments leave one →
  1. September 23, 2009 9:15 am

    Firstfruits were very small token offerings given first. Tithes were tenth-fruits given after the full harvest. Tithes were never the same as firstfruits (Deu 26:1-4; Neh 10:35-38). Tithes and firstfruits were always only food from inside Israel. Everything else was considered defiled from pagan soil.

    NT giving is: freewill, generous, sacrificial, ,joyful, not by commandment or percentage and motivated by love for God and lost souls.

    • September 24, 2009 5:48 am

      I’m using tithe in the general sense of giving back to God. Most of the time we hear the advice of ‘pay yourself first’. I think getting into the habit of giving first and paying yourself second is a more appropriate Christian response. That’s the point I was trying to make.

  2. September 25, 2009 2:48 am

    Great post and great image and I totally agree that spend less then what you earn is the perfect way to save money.

  3. c.1942:::From an operating room of Dr. Mengele comes a voice screaming:::"DO YOU KNOW WHO I AM? I AM THE GODFATHER!! YOU'RE ALL GOING TO DIE SLOW!!" Ironic, isn't it? permalink
    August 11, 2011 2:14 pm

    Their role throughout history is to communicate the god’s wisdom so the entire family can progress when reincarnated. Effectively acomplishing this task may buy them a quality opportunity to ascend in their next life.

    Your job as a future mother is to learn the god’s ways and to help your child understand despite the negative reinforcement and conditioning of today’s society. Without consciousous parents the child will have no hope, and may even exaserbate their disfavor by becoming corrupted in today’s environment.
    Your ultimate goal is to fix your relationship wiith the gods and move on. You don’t want to be comfortable here, and the changes in Western society in the last 100 years has achieved just that.
    1000 years with Jesus is the consolation prize. Don’t be deceived into thinking that is the goal.

    Much like the other prophets Mohhamed (polygamy/superiority over women/misogyny) and Jesus (forgiveness/savior), the gods use me for temptation as well. In today’s modern society they feel people are most weak for popular culture/sensationalism, and the clues date back to WorldWarII and Unit731:TSUSHOGO, the Chinese Holocaust. They used this Situation to bury Japanese atrocities.
    It has been discussed that, similar to the Matrix concept, the gods will offer a REAL “Second Coming of Christ”, while the “fake” Second Coming will come at the end and follow New Testiment scripture and their xtian positioning. I may be that real Second Coming.
    What I teach is the god’s true way. It is what is expected of people, and only those who follow this truth will be eligible to ascend into heaven as children in a future life. They offered this event because the masses have just enough time to work on and fix their relationship with the gods and ascend, to move and grow past Planet Earth, before the obligatory xtian “consolation prize” of “1000 years with Jesus on Earth” begins.

    The Prince of Darkness, battling the gods over the souls of the Damned.
    It is the gods who have created this environment and led people into Damnation with temptation. The god’s positioning proves they work to prevent people’s understanding.
    How often is xtian dogma wrong? Expect it is about the Lucifer issue as well.
    The fallen god, fighting for justice for the disfavored, banished to Earth as the fallen angel?
    I believe much as the Noah’s Flood event, the end of the world will be initiated by revelry among the people. It will be positioned to be sanctioned by the gods and led for “1000 years with Jesus on Earth”.
    In light of modern developments this can entail many pleasures:::Medicine “cures” aging, the “manufacture” of incredible beauty via cloning as sex slaves, free (synthetic) cocaine, etc.
    Somewhere during the 1000 years the party will start to “die off”, literally. Only those who maintain chaste, pure lifestyles, resisting these temptations, will survive the 1000 years. Condemned to experience another epoch of planet’s history for their ignorant pursuit of xtianity, they will be the candidates used to (re)colonize (the next) Planet Earth, condemned to relive the misery experienced by the peasantry during history due to their failure to ascend into heaven before the Apocalypse.
    Never forget:::It is not a house of Jesus.
    If this concept of Lucifer is true another role of this individual may be to initiate disfavor and temptation among this new poulation, the proverbial “apple” of this Garden of Eden. A crucial figure in the history of any planet, he begins the process of deterioration and decay that leads civilizations to where Planet Earth remains today.
    Which one is it?:
    One transitions into the other, allowing the gods to wash their hands of obligation to their Chosen One. My personal “consolation prize”.
    And since the gods never committed despite tens of billions in mass media, product development and natural disasters/tragedy they will employ the freedom they positioned into the Situation and CHEAT me out of everything.
    Unfortunate for me, the gods can claim they never intended this, despite being control freaks who guide everything specifically and have the power to force it with AI, and now they are free to fuck my brains out, just as they did throughout my childhood.
    The gods were pimping me when I was a 3 year-old boy, only to exploit me and cash in decades later.
    Pre-pubescent prostitution is rampant in black communities. Now we see where it comes from.

    Consistant with “reverse positioning” understand the REAL Second Coming would equate with The Matrix’s Anti-Christ, the fake battle of good and evil which will come at the end.
    Understanding how they use the political encviornment to redefine people’s value system, realize anyone who speaks of the old world and its ways will envoke hatred. So when/if the Anti-Christ comes along speaking of reverting back to what liberalism would consider regressive and unfair, it may be the only hope to salvage the god’s favor and keep moving forward rather than begin the 1000 year clock. The fake Second Coming will feed into this political enviornment.
    Also consistant with “reverse positioning” recognize the gods will offer a REAL Anti-Christ, also known as The Beast. I have addressed these issues in years past::::
    The gods will offer clues throughout every dynaic of life. Geographical features onthe world map is yet another.
    The Beast is not a person, as the xtian Bible would suggest. It is a place:::The San Francisco Bay Area. And it refers to the socio-political poison the region exuded in the latter 20th century which promoted indecent behavior among the people whose favor was rapidly deteriorating. This decay spread to other states and countries, fulfilling the region’s role as The Beast of the Apocalypse.
    Another feature which the Gods offer as a clue is very foreboading. Mt. Zion is a mountain to the north of the eye of The Beast Diablo and one which has a working quarry at its base. Consistant with the decay we experience in society, Mt. Zion is being eaten away, slowly stripped of its resources, until one day paradise will be gone forever.

    So many theme oriented movies lately. Pills that make you smarter, now a movie focussed on time, immortality. The gods are taking steps in preparation for the Apocaplypse, 1000 years with Jesus on Earth.
    The gods are preying on the people, ramping up temptation and compelling them to engage in behavior which will ultimately cost them.
    What I teach is the truth:::The gods extensively use clone hosts and manage Earth through them, people who ultimately are reincarnated into lesser life forms because of their fatal decision.
    You’re all falling prey to the god’s royal scam.
    Any enviornment/perception can be created with their power. Never fail to recognize the power they have at their disposal. There is NOTHING it can not do.
    They still sell “going up” to the reals and their clone hosts, for living on Earth doesn’t sound so appealing to them, nor preditors like my family. But the gods are creating an enviornment which will fulfill their promise made in the Bible to stupid white people and the fools who fell for xtianity.

    Navy SEALS helpcopter crash of 8.6.11 was revenge for Osama bin Laden.
    So confident in their relationship with the gods. Live in comfort in “the greatest country in the world”, bright future, kids do great.
    The gods have sent a very contradicting clue to the families of the 20 Navy SEALS killed in Afghanistan.
    The gods did this to you. This is punishment for the evil of your country, killing of a superior in the god’s eyes.
    Do you even pray? Have the gods already told you to stop going to church? Because Muslims pray 7 times a day, and you fucking white trash ridicule their favor.
    You fell for it. And now you will pay dearly. The United States is the empire of evil.
    The clue has been sent. Let’s see what you do with it.
    Even with all the corruption of the Republicans this wasn’t going to happen on W’s watch because the conservatives are the good ones. It is the liberal social decay which was the trademark of The Beast, and what has primarily destroyed our favor with the gods.
    One day default will bring insolvency, while the wealthy you bailed out with multi-trillion dollar stimulous package leaves you behind in the ruins. When this day comes don’t forget to pray, for the economic devestation and carnage which will surround you will be a deliberate motivator.

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