Memory Verse: “The wisdom of the prudent is to understand his way, but the fools is deceit”-Prov. 14:8

Bible Passage: Luke 19:12:26.

INTRODUCTION

Simply put, Financial Intelligence is to be financially wise. It is the knowledge and skills gained from understanding finance and accounting principles in the business world and how money is being used (Prov. 18:15). To be highly successful, extra efforts,skills, intelligence and God’s leading will be needed. It is not only organisations and businesses that need financial intelligence . It is also needed for personal finance. 

OUTLINES
1. WHAT IS PERSONAL FINANCE?

2. HOW TO BE FINANCIALLY INTELLIGENT?

WHAT IS PERSONAL FINANCE?

Personal finance is the term that covers planning (Prov. 21:5; 30:25) and managing personal financial activities such as revenue generation, expenditures, budgeting, savings, investments and other financial related actions (Matt. 25:20). As an individual, your personal finance is a reflection of the level of financial intelligence, that is, your ability to make smart decisions , plan properly especially in the aspect of finance and live a good life (Prov. 10:4). Your net worth and what you are able to do with your money is considered a success (Matt. 25:22). and not necessarily so much cash at your disposal. A personal financial statement (Asset-liabilities) shows the net worth of an individual. For example, it all assets in possession are sold and debts paid, and the liabilities are greater than the assets , the financial statement indicates a negative net worth. But if the individual has more assets than liabilities, it is positive net worth. 

HOW TO BE FINANCIALLY INTELLIGENT 

To be financially intelligent, you need to do the following: 

1. Develop a personal success-drive and be intentional about the well being of your finance (1 Kings 11:28). 
2. Seek knowledge and be informed (Prov. 1:5). Invest in yourself (Prov. 19:20). read (2 Timothy 4:13), make researches (Acts 17:11), ask questions , and open your ears and eyes to the happenings around you.
3. Practice what you learn and use the knowledge gained to execute the purpose for which it was acquired (Prov. 6:6; 10:4).
4. Keep track of your spending . Identify where you need to make amends and where you need to intensify efforts (Prov. 16:21). 
5. Have proper and detailed records of your income and expenditure (2 Chro. 34:16-18).
6. Surround yourself with the right people who share the same opinion (Prov. 13:20; 27:17). 
7. Pray for divine wisdom and direction on what and when to invest your resources (James 1:5; Is. 30:21).

CONCLUSION 

Financial intelligence is needed in order to stay on top of your financial game because hardly would you find a financially intelligent person who is not successful. 

QUESTIONS

1. What is personal finance?
2. Mention four (4) things believers can do to be financially intelligent. 

ASSIGNMENT: State five (5) key factors responsible for financial difficulties in some Christian families (2*5=10 Marks).

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