I will PRODUCE additional income!
DECLARATION & RESOLUTION #3
This third commitment in the Live Recession Proof Now series of declarations, is to be diligent and creative in finding ways to produce more income to fulfill the other three mandates
- Pay off debt
- Live within your means
- Be generous.
For many 9 – 5 working employees of a traditional job, it may be harder to commit to the other three declarations because, after paying bills and living expenses, there is no money left.
According to a careerbuilder.com survey, almost 80% of Americans polled say they are living paycheck to paycheck with increasing debt. It is a cycle. Many workers and families incur debt to be able to meet their financial obligations. And the salaries they have only allows them to make minimum payments. If they just make the minimum payments on debt with high interest rates, it could take years to be debt free. We all know the proverb; the borrower is servant to lender (Prov. 22:7). This means that many of God’s people are in bondage to the chains of debt and the “rat race” with no hope of breaking free.
There are many financial experts emphasizing different areas of focused importance such as paying down debt, saving, giving, and investing. However, if you can only afford rent or mortgage, bills, food, and clothing, you won’t even have a nickel left over for anything else. Therefore, we at Live Recession Proof Now believe that the most important and missing component to financial freedom is creating extra income. The third resolution focuses on encouraging, or inspiring people to make additional or extra income using their hidden or undiscovered gifts, talents, and skills.
We believe every one of God’s people has something to offer the marketplace and we are here to help identify what that is and then show how to monetize it (convert to income). For example, the Proverbs 31 woman was able to use her gifts and skills in various ways to provide for her household. Here are some of her skills:
- She is a chef (v.15)
- She is a farmer and does real estate (v.16)
- She is a seamstress (v.19)
- She is a fashion designer (v.22; 24)
- She is a saleswoman (v.24)
- She is a motivational speaker (v.26)
So, our approach is that this is a mandate from the word of God to help Christians glorify Him in their lives by being industrious and enterprising.