Put Aside

“The wise man saves for the future…” Pr. 21:20 [LB]

The third habit for financial freedom is Save For The Future. It is called the Principle of Investment. I am using the word ‘save’ loosely here. I know financial gurus say you cannot save money because the inflation rate is higher than the interest rate. I understand that but you must at least accumulate some money before you can invest it. I know of people that actually buy land with their money without going to the bank. And they are able to achieve this because they have done constant saving over a period. They buy the land cash, sell it and make about a hundred or two hundred percent profit.

Savings is very powerful. Even the good old saving is very powerful, if the objective is saving to invest. Because no matter how much money you make, your expenses will always rise above your income if you allow it. But budgeting will help you because it will indicate what amount goes into savings and what amount goes into spending. “The wise man saves for the future…” Pr. 21:20a [LB]. The reason a lot of people do not save these days is because we want everything now.

Solomon says, “Money that comes easily disappears quickly, but money that is gathered little by little will grow.” Pr. 13:11 [NCV]. The problem is we overestimate how much we can achieve in the short term and we underestimate how much we can achieve in the long term. You want to save towards something and you give yourself a target period of five months. So we get discouraged because it is not going to take five months. You did not get to where you are in five months. So do not think you are going to get out in five months. I believe in miracles but I also believe in systems.

God can do a miracle but you must have a plan. For example, you think about putting fifty thousand aside. At the end of four months you have two hundred thousand but that does not excite you. But that was four years ago, by now you would have had over two million saved. Start saving now because four years will always come. God will keep you in health and alive, in Jesus Name.

Prayer: Lord, please give me the wisdom and strength to put something aside with every provision You bless me with, in Jesus Name.