Stewardship Statement – Timothy Ross, September 5, 2024
Biblical Stewardship is the use of God-given resources, time, talent, treasure, truth, and relationships for the accomplishment of God-given goals and objectives.
Recognizing that there is Three Financial Planning Decision Making Principals:
1. There are no independent financial decisions.
2. The longer term the perspective, the better the financial decision today.
3. Financial maturity is being able to give up today’s desires for future benefits.
Stewardship is the only area of Christian Life that cannot be faked. Every spending decision is a spiritual decision. God can take whatever He wants, whenever He wants.
There is Five Priorities that are simultaneous and not sequential, recognizing that God owns it all.
These priorities are how you spend your money and are broken down into Your Live basket, Give basket, Grow basket, Owe Taxes basket and your Owe Debt basket.
Living is always balancing between provision and protection. Gods job is to protect and your job is to provide. Recognizing that Giving breaks the power of money in your life. Debt always mortgages the future and effects sustenance in the future. Taxes are symptomatic of God’s provision for me. Growing margin is the only way to meet your long-term goals.
Long Term Goals typically cover 6 main areas
1. Financial Independence
2. Charitable Giving
3. Freedom from Debt
4. Lifestyle desires
5. Family Needs
6. New Business
There is a continuous predetermined allocation of limited financial resources to unlimited changing alternatives, it is a never-ending process.
Recognize that there is Five Principals of Money Management.
1. Spend less than you earn
2. Build margin
3. Avoid the use of debt
4. Build liquidity
5. Set long term goals and give generously
The Three Fundamental Questions that everyone needs to ask and answer.
1. Who owns it?
2. How much is enough?
3. Is the next steward chosen and prepared?
Overall, as a Financial Advisor, we will see these characteristics in our clients and know that they are practicing stewardship when.
1. They are Giving proportionate to their income
2. They are Living a controlled debt free lifestyle
3. Their Taxes are paid with integrity and with thanksgiving
4. When they have Jointly set financial goals
5. When they are Accountable to someone
We should ourselves as advisors own these principals, decisions, and concepts in order to lead others to financial freedom.
Timothy Ross, CKA® Certified Kingdom Advisor®
https://kingdomadvisors.com/cka/OmegaStewardship-TimothyRoss
Founder, Brock Shores Financial
Family Office – “Providing OMEGA STEWARDSHIP”
* One Stop Process Driven Approach for Retirement & Income Planning
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Family Office - “Helping Families Achieve ...Life’s Major Goals”
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Brock Shores Financial, Family Office
Mutual Funds through PEAK Investment Services Inc.
Insurance & Banking through PEAK Insurance Services Inc.
Tax & Accounting through Timothy Ross & Associates, established 1988
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Everything we have is on loan from the Lord, entrusted to us for a while.
John MacArthur
Proverbs 10:14-15
New International Version
14 The wise store up knowledge,
but the mouth of a fool invites ruin.
15 The wealth of the rich is their fortified city,
but poverty is the ruin of the poor.
1 Timothy 6:17-18
New International Version
17 Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. 18 Command them to do good, to be rich in good deeds, and to be generous and willing to share.