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Friday, August 15, 2014

Good Things Are Built By Wisdom, Common Sense And Understanding The Facts.

In review of Proverbs 24:3 it says, “Any enterprise is built by wise planning, becomes strong through common sense, and profits wonderfully by keeping abreast of the facts.”

Bottom Line:
Any enterprise is built by wisdom, common sense and understanding the facts.

What this means to me:
Anything that I want to be successful and prosperous will require wise planning, common sense and a complete understanding of the facts. This is especially true when it comes to my finances. Creating a list of all I own, all that I owe and all that I earn is good record keeping. It’s a principle of accounting that helps me understand exactly where I’m at. The Bible says, “By wisdom a house is built, and through understanding it is established” (Proverbs 24:3 NIV). It’s wise to know where my money is, where it’s going, and where it’s coming from. The old adage is, “money talks”, however in reality if your not paying attention to it, It doesn’t talk, It just walks away quietly. When I get to the end of the month and ask myself, “Where did my money go?” This is an indication that I’m not keeping to a spending plan. A spending plan tells money where I want it to go rather than wondering where it went. A spending plan (or budget) is simply planned spending. Its important for me to know the facts, because ignorance plus easy credit will equal disaster. If I don’t know whether I can afford it or not, I’m already in trouble. It’s stupid to decide before knowing the facts. It’s unwise to buy something before I know if you can pay for it. The only way to know where I stand with my finances is by keeping records and budgeting my spending. Another translation of Proverbs 24:3 says, “Any enterprise is built by wise planning, becomes strong through common sense, and profits wonderfully by keeping abreast of the facts” (LB). Its important for me to go back through and update my records, to re-acquaint myself with the facts of my financial situation, and to plan to live accordingly.

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