Dave Ramsey wrote a book called The Legacy Journey: A Radical View of Biblical Wealth and Generosity. I like this book because it discusses how money is from God, and we are therefore His stewards.
Some will try to convince you that money is inherently evil.
Financially helping others is your end goal. But, you can’t do that if you are in financial trouble. Therefore, your first step is strengthening yourself money-wise so you can assist others. With a secure foundation, you can be a great benefit to people in need. For example, you must stand on higher ground before you can lift someone else.
Giving generously to charity is difficult at this point because you are focused on conquering your debt and mastering your spending habits.
Mastering your spending habits is often complex, but a simple idea and not always easy to employ is paying yourself first. Some attribute consistently saving a percentage of everything you make as the most important financial habit. A second critical practice Dave teaches living by a budget, and the rich are not left off the hook because they are not living paycheck to paycheck.
Beating debt requires discipline. For example often, financial discipline means looking at money and possessions differently. Furthermore, shopping cannot be your stress reliever. Similarly, if paying yourself first is the most important financial habit, the second greatest attitude is contentment.
Every family and individual need a vision. For instance, a clear and sharp vision will bridge the gap between where you are and where you need to arrive.
Many people are stressed out and can’t sleep because of crippling debt. Similarly, always fighting with your spouse over money problems is draining on a marriage. As a result, the constant stress and fighting blocks you from concentrating on your vision and dreams.
Dave strongly emphasizes paying tithing to your church.
Giving 10 percent of your income to your church changes you. It prepares and softens your heart and magnifies your power to give. Dave attributes the lavish Christmas parties he throws for his employees as a result of tithing. Tithing turned him into a generous giver.
He says giving to the kingdom of God is the greatest investment you will make. However, there are many ministries and charities you could donate to, but not all of them are worthy of your hard earned money. Therefore, he suggests you research them like you would any business deal. For example, many ministries and charities manage their money and resources horribly.
If you are wealthy should you give a mile wide or a mile deep?
I think the best strategy is to give a lot to one or a few so you can make a greater difference. However, if you are rich, spreading your money out to many is tempting. Additionally, even the financially free do not have an unlimited stash of charity cash to give away.
In summary, the crowning accomplishment with your financial legacy is when you can provide for your family but also be a great benefit to others by relieving the suffering of the poor and needy.
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