A tithe is giving a 10th of your income to God...we see the 1st example as Abram giving a 10th to the priest Melchizedek. We also see references throughout the Old & New Testament about it.
Here are 10 things to consider...
1⃣ It's no longer about 10%
Tithing is no longer about a percentage but its about where you place money in your relationship with God. Jesus highlighted the widow who gave out of her poverty because it was about her heart vs how much she gave.
2⃣Prayerfully ask how much to give
Some give consistently 10% to their church, however, they neglect other ways they can give - to their family, to the needy, or as the Lord leads. Seek the Lord as to the right amount in each season.
We started a 4 part series on our YouTube channel showing how to identify great stocks for your portfolio.
Here is a recap of the session...
✅ Start with Fundamental Analysis
This is the use of Financial Statements, Economic Reports and Forecasts to evaluate a stock's potential. The goal is to examine the key drivers of a company's current and future business activities.
✅ Review the Financial Statements (Quantitative Analysis)
Look at the measurable characteristics of a company. The main sources are the Balance Sheet, Income Statement and Cash Flow Statement
What is Common Sense Investing according to @NickGreenr?
Quite simply its doing the obvious, follow these simple steps below to get out of your own way as an Investor
Tip #1 - Follow Your Curiosity
Read the Annual Reports, News and any information about companies in the industries you're familiar with. It starts with being curious about the companies and NOT the stock prices. Ignore the NOISE...
Tip #2 - Educate Yourself
Spend time to learn the language of Investing. Accounting terms, Financial Statements, Ratios, etc. are all worth getting to know so you can interpret what others say about the companies you're interested in. Being educated means better decisions
Here are some tips to help you take control of your finances, increase savings and manage debt
These tips may not work for every situation, however, can be adapted to suit each persons needs
Tip #1 - Start a Budget
You probably guessed this first one. It's obvious, it works but many are not sure how to start and how to remain consistent. A budget doesn't mean you are perfect with your spending...it means you consistent track and measure where your money goes
If you spend more than budgeted, think about why it happened and try to put measures in place to stop the habit or mitigate against the decision for the next month.
Also, look for patterns of spending that represent opportunities for savings.
🚨 Beginner Mistakes to Avoid In the Stock Market 🚨
Experience is no doubt the greatest teacher, however, there are some mistakes you want to be aware of as a new investor.
Watch out for the following mistakes and tell us if you have made any of them...
Mistake #1 - Not Understanding What You're Buying
A #stock represents part ownership of a listed company. When you own it you should treat it as you would a business that you're now a shareholder. This means you should manage your portfolio as a list of companies you own
Mistake #2 - Not Doing Any/Enough Research
Imagine being successful in the Stock Market and not knowing why. Sounds weird? This happens to a lot of new investors who BUY because someone else told them to BUY or they inferred from a post on social media