How To Become A Millionaire

 

 

I.       Four Principles in Proverbs

A.  Priorities

B.  Giving

C.  Obtaining Wealth

D.    Borrowing

II.     Put God First (Priorities) (Scripture:  Proverbs 11:4, 15:16-17, 16:8, 17:1, 22:2, 23:4-5)

A. God is Your Creator  (Prov.  22:2)

B. Riches are Fleeting  (Prov.  23:5)

C.    Riches Profit Not in the Day of Wrath  (Prov.  11:4)

III.  Four Things Money Can’t Buy

A.   Proverbs  15:16  “Peace”

B.  Proverbs 16:8  “Righteousness”

C.    Proverbs  15:17  “Love”        

D.    Proverbs  17:1  “Harmony”

IV.   How To Get Wealth (Scripture:  10:4-5, 27:23-27, 22:3, 21:206:6-8, 20:4)

A.      Diligence

Proverbs 10:4  “He becometh poor that dealeth with a slack hand, but the hand of the diligent maketh rich.”

 

Proverbs 12:11  “He that tilleth his land shall be satisfied with bread, but he that followeth vain persons is void of understanding.”

 

Proverbs 12:24  “The hand of the diligent shall bear rule, but the slothful shall be under tribute.”

B.     Planning

Proverbs 22:3  “A prudent man foreseeth the evil, and hideth himself;  but the simple pass on, and  are punished.”

 

American Proverb  “Those who fail to plan, plan to fail.”

C.     Take Care of What You Have

Proverbs 12:10 “A righteous man regardeth the life of his beast, but the tender mercies of the wicked are cruel.”

 

Proverbs 27:23  “Be thou diligent to know the state of thy flocks, and look well to thy herds;  For riches are not forever.  And doth the crown endure to every generation?”

D.    Saving

Proverbs 21:20  “There is treasure to be desired, and oil, in the dwelling of the wise, but a foolish man spendeth it up.”

 

Proverbs 20:14  “It is nothing, it is nothing, saith the buyer; but when he is gone his way, then he boasteth.”

E.     Avoiding Debt

      Look at the chart below to determine who was the wisest investor if they all received a 10% return per year on their investment.

 

            YEAR      AGE                            MOE                           LARRY          CURLY

                1              21                            $2,200                                    0                          $4,722

                2              22                            $4,620                                    0                          $7,394

                3              23                            $7,282                                    0                        $10,333

                4              24                          $10,210                                    0                        $13,566

                5              25                          $13,431                                    0                        $17,123

                6              26                          $16,974                                    0                        $21,035

                7              27                          $20,871                                    0                        $25,339

                8              28                          $25,158                                    0                        $30,073

                9              29                          $27,674                           $2,200                        $35,280

              10              30                          $30,441                           $4,620                        $41,008

              15              35                          $49,026                         $20,872                        $72,475

              20              40                          $78,957                         $47,045                      $141,426

              25              45                        $127,160                         $89,198                      $241,200

              30              50                        $204,793                       $157,086                      $401,886

              35              55                        $329,821                       $266,420                      $660,673

              40              60                        $531,180                       $442,503                   $1,077,452

              45              65                        $855,471                      $726,087                  $1,814,032

 

Millionaire By 65 Chart

 

Age

Yearly Contribution

Monthly contribution

20

1391

116

25

2259

188

30

3689

307

35

6079

506

40

10168

847

45

17459

1455

50

31473

2623

55

62745

5229

60

163797

13650

 

V.   True Riches Are Spiritual

A.    He that winneth souls is wise

B.     He shineth like stars

VI. Spend Money

A.    On things that disappear

B.     On things that last a short while and depreciate

C.    On things that bring a return

D.    On things that last forever