How do we measure Wealth

Wealth is not measured in absolute value. Wealth is about ratios.

In the bible story between a rich man and an old widow, the widow just had a few cents given, but she has given them all away.

In another story, an old widow prepared meal for Elijah using whatever is left of her provisions.

Two widows, who are able to give what is left for them , had been blessed abundantly. The oil and flour in her jar did not run out.

These two widows are the truly rich.

Let me share to you, real life encounters with people whom I've met in the series of seminars we have done.

One couple who are working for the local government earns a total sum of less than 25 K per month. They can save 2K and give tithes to the lord.

Their uncle, a seafarer with high rank in one of the international shipping company earns a hefty amount of 300,000 per month. This is about the same income the couple earns in a year. However, , you'll be surprised to know, that it is the uncle who would be asking for loans from the young couple.

So, being wealthy is all about what you can keep and give back to God and for yourself. Your basic guide is about 10% for the Lord and 20% for your savings and investments.

Another measure or being wealthy is the ratio of what you saved vs what you spend.

In the above example, the uncle earns 300,000 but spends more than 300,000 in his lifestyle. If he suddenly lose his income, which is a great possibility because of age, he would not be able to survive even in a month.

The young couple saves and only spends 70% of their income. They live on a 17,500 budget per month. They are able to save more than 100,000 in the last 2 years. Thus, even if both of them lose their jobs, they can still survive for more than 5 months and this will be even go longer as they add to their savings and as their savings grow and compound.

In Genesis, this is what Joseph the "dreamer" had told the Pharoah of Egypt. He told them to save 1/5 of the good harvest for after 7 years of good harvest comes famine. Moral of this story is to spend less than what you harvest (income).

How do you do it?

1. Be simple. Live simple lifestyle
2. Avoid envy. Do not try to outdo the Joneses.
3. Spend on what is essential and needed
4. Be generous. Give to God (Church and Charities).
5. Save and invest your money wisely

I can guide you and coach you on this.

Just email me.

God bless.