Friday, March 1, 2013

dfree® Tip of the Week

Most people don’t realize the relationship between time and money.  Time is one of the most valuable assets we possess, particularly if we want financial freedom. How can we use time to our benefit?  We use it to build wealth.

We’ve all heard stories of humble people in unassuming jobs who make monumental monetary gifts to schools, churches, or charities.  These people live modestly, but they save and invest a small amount of money each year.  Their small investment eventually grows to hundreds of thousands, sometimes millions of dollars. 

Such was the case with Rev. Thomas Boyd, who served as pastor of a Baptist Church in Brooklyn, New York.  He told me that whenever he received a small gift for presiding at funerals or performing weddings, he put that money in a special investment account.  As the fund grew, Rev. Boyd accumulated a substantial amount of money.   Because he felt that he owed most of his success to what he learned as a student at Shaw University in Raleigh, North Carolina, Rev. Boyd felt compelled to make a donation to the school.  He donated well over $500,000 to Shaw! He began saving early, so he had the time to take advantage of compounding interest.  You can start small, but start NOW.  Use your time wisely.  Invest in your future.

Read Proverbs 13.22a, thank God for time, and pray for strength to use it wisely. 

How we spend our time determines what kind of outcomes we get.

DeForest B. Soaries, Jr. 

No comments: