DOMINION MANDATE DAILY DEVOTIONAL

WEDNESDAY, NOVEMBER 16, 2022

UNDERSTANDING THE PRINCIPLE OF FINANCIAL LITERACY

LUKE 16:8; ECCLESIASTES 7:12; ECCLESIASTES 10:19

"He that is faithful in that which is least is faithful also in much: and he that is unjust in the least is unjust also in much. If therefore ye have not been faithful in the unrighteous mammon, who will commit to your trust the True Riches?" Luke 16:10-11(NKJV)

The term 'Financial' refers to anything that relates to or involves money. According to Investopedia, Financial Literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting and investing. Financial literacy forms the foundation of your relationship with money and it is a lifelong journey of learning. Many Christian believers ignore the issue of financial literacy to their own detriment. They fail to realize that in God's Kingdom, nothing is yours until you understand it. In order to have money, we need to understand money and how it works.

Financial Literacy is the knowledge and application of various financial skills like creating a budget, understanding how credit works, saving for retirement, asset diversification, understanding different financial instruments such as stocks, bonds, ETFs and creating an investment plan. The Bible declares that money is a defence and money answers all things. (Ecc. 7:12; 10:19) Unfortunately it appears that it's only the children of this world that understand this Principle, just like Jesus observed (Lk. 16:8).

Christians should come to the realization that money is not a side issue. Your financial well being affects every aspect of your life including your health, your relationships, your marriage and even your level of usefulness to God. This is why the enemy would rather that you continue to remain ignorant and ineffective when it comes to financial matters. The Assignment that God has given us will require a lot of finances to execute. And it is God's people that sponsor God's Projects primarily. We must rise to this Responsibility and begin to develop mastery in Financial Literacy. Begin by reading books on finances, taking trainings on it and getting a financial mentor.

PRAYER:

O Lord, please help us to understand our Responsibility to You, to our families and to Your Kingdom when it comes to the area of finances. Grant us the Grace and Wisdom to enable us develop financial capacity for the Assignment You have given us in Jesus' Mighty Name. Amen.