Archive for the proverbs Category

What inheritance will you leave for your love ones?

The bible speaks about inheritance in Proverbs 13:22, “A good man leaves an inheritance for his children’s children, but a sinner’s wealth is stored up for the righteous.” (NIV) We live in a society that measures a person’s wealth by the type of car a person drives, designer clothes and handbags he or she wears or the mc mansion that is in the process of foreclosure. All of these items are easy to accumulate and easy to put you in a whirlwind of high debt and uncontrollable spending. If your goal is to pass on an inheritance to your children accumulating high price items should not be your goal. Because you are only allowing your children to inherit your bad spending and credit card habits. Begin your journey by educating yourself about eliminating debt, budgeting and residual income; remember the number one form of wealth is not money it’s education. Once you have sought and obtained education, begin putting what you learn in action. Include and educate your children about the importance of being debt free and staying away from consumer debt. Live within your means by keeping an ongoing budget of your family spending. Begin your journey of accumulating different streams of income, for example residual income can provide you and your love ones with an income that can
last generations.