Putting Your Money to Work!
Richard Crisco
1. Thoughts Attract
2. Words Create
3. Action Multiply
Pro 13:11 Dishonest money dwindles away, but he who
gathers money little by little makes it grow.
Attitudinal Adjustments
Pro 21:20 In the house of the wise are stores of choice
food and oil, but a foolish man devours all he has.
Stop asking how much does it cost and
start asking how much is it worth?
Lk 12:13 Someone in the crowd said to him, "Teacher,
tell my brother to divide the inheritance with me." 14
Jesus replied, "Man, who appointed me a judge or an
arbiter between you?" 15 Then he said to them, "Watch
out! Be on your guard against all kinds of greed; a
man's life does not consist in the abundance of his
possessions." 16 And he told them this parable: "The
ground of a certain rich man produced a good crop. 17
He thought to himself, 'What shall I do? I have no
place to store my crops.' 18 "Then he said, 'This is
what I'll do. I will tear down my barns and build bigger
ones, and there I will store all my grain and my goods.
19 And I'll say to myself, "You have plenty of good
things laid up for many years. Take life easy; eat, drink
and be merry." ' 20 "But God said to him, 'You fool!
This very night your life will be demanded from you.
Then who will get what you have prepared for
yourself?' 21 "This is how it will be with anyone who
stores up things for himself but is not rich toward
God."
Stop focusing on working income and
start focusing on net worth!
Pro 13:22 A good man leaves an inheritance for his
children's children, but a sinner's wealth is stored up
for the righteous.
Rochester First Assembly’s Core Values:
The true measure of wealth is net worth,
not working income.
Four Key factors that determine your net worth:
1. Income
2. Savings
3. Investments
4. Simplification
Two Main Sources of Income:
i. Working Income: (job or business) Requires that
you invest time and labor to earn money.
ii. Passive Income:
a. Money working for you. (stocks, bonds, money
markets, mutual funds, appreciating mortgage,
etc. )
Excellence, Integrity, Family, Worship/Prayer, Servanthood, Outreach/Missions
b. Business working for you. (Business that does
not require your personal daily involvement: Real
estate; royalties from books, music, software;
licensing your ideas; owning vending machines;
network marketing; etc.
Three Reasons people do not create passive income:
1. Most were actually trained not to earn passive
income.
Four Key factors that determine your net worth:
1. Income
2. Savings
Often people have a difficult time saving because they
are spend all of their money trying to satisfy a void
created by dissatisfaction in their life.
3. Investments
As a child (teenager), when you needed money, your
parents most likely did not say, “Well, go out there
and create some passive income!” No! Most of us
heard, “Go get a job!” or “Go to Work!”
Wealthy people buy assets,
things that likely go up in value.
Average people spend money on expenses,
things that go down in value.
We are only taught to work for money!
2. Most were never taught how to earn passive
income.
Wealthy people collect lands,
Average people collect bills.
4. Simplification
Most public schools teach, “Wood working,” “Metal
working,” “Auto mechanics,” etc. Very few have ever
had the opportunity to take “Passive Income 101”!
3. Most do not give much thought to creating passive
income because we were never exposed to the
concept!
Consciously create a lifestyle that requires the need
for less money to live on, thus freeing funds to save
and invest to create your wealth!
Note: Please, No Business at Church.
Know your net worth!
“Where attention goes,
Energy flows and results show.”
T. Harv Eker
Rochester First Assembly’s Core Values:
Excellence, Integrity, Family, Worship/Prayer, Servanthood, Outreach/Missions
How Much Per Month to Become a Millionaire?
Age
15 years
20 Years
25 Years
30 Years
35 Years
40 Years
45 Years
50 Years
55 Years
Monthly
Investment
$60
$100
$165
$275
$465
$790
$1375
$2530
$5100
Int. Rate
Final Amount
10%
10%
10%
10%
10%
10%
10%
10%
10%
$1,048,117.89
$1,056,982.12
$1,052,168.55
$1,052,777.17
$1,059,886.17
$1,056,932.82
$1,052,833.25
$1,057,348.27
$1,053,415.32
THE RULE OF 72
Divide the number 72 by the rate of return earned on
an investment.
Example: 72 divided by 12% = 6 years
72 divided by 4% = 18 years
The 7 Elements of a Winning Investment Strategy
1. Has a long term purpose
2. Is easy to explain to someone else
3. Is simple to implement
4. Requires little recordkeeping
5. Minimizes taxes, fees, and commissions
6. Involves no speculation
7. Is passive and defensive
The Winning Investor
1. Has high expectations about money.
“What you think upon grows.” – Oriental maxim
2. Is patient.
Reasons to use an employer-sponsored retirement
plan
1. Help from Uncle Sam.
The main advantage is the tax break you get.
2. FREE MONEY
Many companies match the amount you invest in your
retirement plan up to a certain percentage. That’s a
100% guaranteed rate of return, double your
monthly investment. That is free money!
3. Invests for the long-term.
4. Annually adds to investments
5. Buys only high quality
6. Is well diversified.
7. Lets money compound
8. Seldom sells
9. Maintains a sense of humor.
3. Saving is easy and automatic.
Rochester First Assembly’s Core Values:
Excellence, Integrity, Family, Worship/Prayer, Servanthood, Outreach/Missions