Overview of Financial Planning according to the Holy Bible. With special notes to Christian Financial Advisers

1. Financial PlanningFinancial Planning
According to the BibleAccording to the Bible
01.07.2017 AD01.07.2017 AD

2. IntroductionIntroduction
World’s best Financial Manual?
• 2,350 verses about money & possessions
• 126 biblical financial principles
• Over half of all parables taught in Bible
about money and possessions
• Manual over 2,000 years old
• God’s promises on financial deliverance
• FA – Financial Advisors

3. On OwnershipOn Ownership
Principle: God owns 100% of everything
Scriptures: Haggai 2:8, Psalm 24:1, 1
Chronicles 29:11-12
Issues: Check attitude, own Vs God’s
money, rely on God rather on ourselves
FA’s notes: Advice on eternal Vs secular
perspective of wealth

4. On IntegrityOn Integrity
Principle: Deal fairly with others
Scriptures: Col 3:22-24, 1 Tim 6:20, Proverbs 13:6,
James 4:13,
Proverbs 28:19
Issues: Per: tax minimization, roles as employee.
Biz: Role as employer, honorable accounting,
fair treatment of employees. Ethics: Fair trade,
ethical investments
FA’s notes: Christian to Christian advice may be
more helpful for fervent believers

5. On GenerosityOn Generosity
Principle: Give generously
Scriptures: Levi 27:30, 2 Cor 9:7, 1 Tim 6:19
Issues: What, whom and when to give. Give
first then spend. Give without guilt. Give
generously and with grace.
FA notes: Explain impact of giving. Advice
on giving more or saving more

6. On PlanningOn Planning
Principle: Plan ahead
Issues: God’s call to you on life and money. Current
practices help or hinder? Setting goals on Giving,
Budgeting, Paying off debts, Saving and financial
independence, Providing for dependents and Funding
your calling.
Scriptures: Proverbs 6:6&8, 21:20 and Luke 14:28-30
FA’s notes: Setting God’s inspired objectives.
Faith vs Prudence: Advice to client; planning or rely on God
Possible answer: Not formulaic; but God’s inspired and
different for each person!

7. On BudgetingOn Budgeting
Principle: Spend less than what you earn
Issues: Knowing Income vs Expenses (spending)
Need to have a Budgeting Plan
Avoid consumptive lifestyle, living beyond your means
Avoid compulsion to spend
Scriptures: Proverbs 25:28,Galatians 5:22-24,
1 Timothy 6:6-8, Proverbs 14:24, Eccl 5:10
FA’s Notes: Wisdom is wealth, self-control is commended
Give advice on budgeting
For the poor – advice to avoid debt, wise spending
For the rich – help them to be wise stewards of gifts God has given to
them

8. On Borrowing & LendingOn Borrowing & Lending
Principle: Borrow cautiously and repay; lend freely
Scriptures: Romans 22:7- Borrower serves lender
Romans 13:8 – Let no debts…
Matthew 6:24 – No man can serves two masters…
Psalm 112:5 - Good will come… those who lends freely
Issues: Poor budgeting and excessive spending will lead into debts
Debt restricts flexibility and choice
Debts mortgages the future
How much, how long debts?
FA’s Notes: Should clients reduce debts & invest spare income?
Should clients save first and buy out of savings?
Give advice that helps clients get out of debts

9. On Savings & InvestmentOn Savings & Investment
Principle: Establish a savings plan
Scriptures: Proverbs 13:11- little by little…
Eccl 11:2- Give portions to 7…
Proverbs 28:19- he who works…
Luke 12:13- parable of rich fool…
Issues: Get rich slow, beware of get rich fast
Don’t hoard, save for a purpose
Investment plan, realistic targets
Work / Earn, not gambling
Ethical investments?
FA’s Notes: Balance in building wealth and giving
How much wealth is ok?
What is the role of ethical investments?

10. On Provisions for DependentsOn Provisions for Dependents
Principle: Make provisions, don’t protect (estate planning)
Scriptures: 1 Timothy 5:8- worse than unbelievers…
Eccl 5:13- wealth lost to …
Matthew 6:28-34- lilies…
Matthew 28:20- I will be with you
Issues: God protects, we provide..
How much insurance? Financial Plan
Christian will-writing and estate planning?
FA’s Notes: Balance on wealth distribution?
Provisions for dependents after departure?
Financial planning for dependents?

11. Setting Financial GoalsSetting Financial Goals
• Is God central to your goal planning?
• Will it advance the Kingdom of God?
• Can I honestly ask God’s help to reach it?
• Will I be a better person by achieving it?
• Will it help others to reach their goals?
• Will it violate my conscience & beliefs?
• Will it violate the rights of others?
• Will my beneficiaries enjoy the rewards?
• Am I willing to pay the price to achieve this goal?

12. ConclusionConclusion
Ford Foundation study on achievement of goal setting:
• 10 % - have specific well defined goals
• 7 % - reached their goal 50 % of the time
• 3 % - reached their goals 90 % “
Difference : Wrote their goals down!
In Exodus 24:4, Moses wrote down the 10 Commandments…
Plan your finances, finance your plan!
Remember: ‘ My people are destroyed from lack of knowledge.
Hosea 4:6
&
Final Thought: Humility and the fear of the Lord bring wealth and honor
and life. Proverbs 22:4

13. About the Author – Lt Cdr (Ret) JohnnyAbout the Author – Lt Cdr (Ret) Johnny
Moi, PPA, PJM, RMNMoi, PPA, PJM, RMN
• Certified Master Financial Planner (MFP)
• Certified Professional Landlord (CPL)
• Certified Islamic Estate Planner (IEP)
• Registered Financial Associate (RFA)
• Associate FPAM (AFPM)
• Passed exams in MII (Insurance), FIMM
(Unit Trust), Wills & Trusts (Malaysia)
• Columnist: NST – Property, FIABCI
• Email: johnnymoi7@yahoo.com