The Finances of an EntreLeader

Financial Peace University is mainly for individuals and families but the principles apply to business as well. There must always be a budget, and money is kept in separate accounts (personal vs company). At least 25 percent also must be set aside for taxes, in a separate account that will not be touched.

Debt: The borrower is always a slave to the lender (Proverbs 22:7)

  1. Borrowed money always increases risk.
  2. Borrowed money always magnifies mistakes.
  3. Borrowed money always hurts and even destroys cash flow.

Myths about Finances, Debt and Credit:

Myth: Borrowed money is needed to start or expand a business.
Truth: Starting or expanding gradually increases cash flow and reduces risk. Dave reminds us that the tortoise always wins. Build your business with a crock pot rather than a microwave.

Myth: A line of credit is needed to cover cash flow fluctuations.
Truth: Cash flow fluctuation can be predicted with forecasting and budgeting, and having cash saved will help cover your needs. If you have a seasonal business you can plan for fluctuations in cash flow, and still not go into debt.

Myth: A credit card is needed for online and phone purchases and travel.
Truth: A debt card will do everything that a credit card will do, except create 18% debt.

Myth: A credit card will help me keep my expenses organized.
Truth: Use an accounting system, so a debit card does the same thing.

Myth: Large purchases require a business to use a credit card.
Truth: Avoid risk and mistakes by renting, outsourcing, buying used and paying cash.

Kids and allowance? Children learn about welfare with an allowance but they learn about a paycheck when they work. When the son comes to you and says he needs money, Dave says that he doesn’t need money, you need a job.

Never by anything that is not designed to make a profit. Don’t rationalize your wish list. Never purchase anything because you think you need a tax write-off. It’s a myth.An item that costs $10,000 that is an allowable deduction saves someone in a 30 percent tax bracket $3000 in taxes. So buying something that isn’t needed is like trading $10,000 for $3000. If your CPA suggests buying something you don’t need purely for the write-off, fire them.

Dave says that 60 percent of all small businesses start up with $5000 or less. Never make your decisions based on fear. Caution is OK, because that can bring peace.

In Good to Great, the author advises that we get the write people on the bus, then get the right people in the right seats on the bus.

A worthy goal in business is to shamelessly make money to benefit others. Churchill said that we make a living by what we get, but we make a life by what we give. In a book called, Thou Shalt Prosper, the author says that business is serving; work is a higher calling.

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Unrelenting Battles and Unfinished Business

Absalom is dead, David is being taken across the River Jordan, the land has just been through civil war, but feelings of jealousy are strong between Israel and Judah.

Unrelenting Battles:

In chapter 19 we smelled the smoke of trouble and now we see the fire. As the people begin to bicker (2 Samuel 19:41, 42, 43), they provide an opportunity for a worthless fellow, a slick troublemaker, to rise up (2 Samuel 20:1).

When Amasa, David’s new commander of the army, returned, Joab was waiting for him (2 Samuel 20:5, 8, 10). Joab just won’t clean out his desk and fade into the background. Power was so important to him that he would kill his own relatives (Amasa was Joab’s cousin – 1 Chronicles 2:16-17, and also David’s cousin – 2 Samuel 17:25).

  • What in the previous chapter fuels the fire of Sheba’s revolt? (2 Samuel 20:1, 19:41-43)
  • Why does David treat these concubines the way he does? (2 Samuel 20:3, 16:21-22)
  • Why does David bypass Joab (twice)? First with Amasa and then with Abishai? (2 Samuel 20:4-6)
  • What is it that galls Joab about Amasa’s appointment? (2 Samuel 17:25, 19:13)
  • From where comes the phrase, “I’ve got you by the hair of your chinny-chin-chin?” (2 Samuel 20:9, 10)
  • Here we find the first reference to rubber-necking in the Bible. (2 Samuel 20:12)
  • How does this unnamed wise woman bring peace and spare the city? (2 Samuel 20:16-22)

Personal Questions:

  1. Who do you know who risked everything by getting involved and it made a difference?
  2. At what point in your life have you ever felt the desire to revolt against your King?
  3. What kept you from going AWOL?
  4. When your status or authority is diminished or given to someone else, how does that make you feel?
  5. When resentment builds up, how do you keep that in check? Where might resentment be building in you right now?

Unfinished Business:

These events in chapters 21-24 are non-chronological, but they tie up the book as an appendix, taken from events earlier in David’s reign. There is a three-year famine in the land because of a broken vows made to God (2 Samuel 21:1). The Gibeonites were a sneaky bunch (Joshua 9) and eventually received protection from God’s people. An oath was made and God was holding them to it. Saul sought to destroy the Gibeonites and he and his sons paid the price for the father’s sins.

  • What caused this severe famine in the land? (2 Samuel 21:1, 2, Joshua 9:3-4, 9, 14, 15, 19, 20-23)
  • Saul whips the Gibeonites in his zeal but David seeks to uphold the vow, how does this show the difference between the two men? (2 Samuel 21:1, 2, 3)
  • How serious are we to take the vows we take? (2 Samuel 21:4, 7) How serious does God take a vow? Why would it please God to see Saul’s descendents executed? (2 Samuel 21:14) The sheer horror of what the Gibeonites do should help us see how serious God takes a vow (2 Samuel 21:9, 14).
  • Why does David spare Jonathan’s son yet allow the Gibeonites to kill the rest of the house of Saul? (2 Samuel 21:5, 7, 9)
  • Rizpah pulls several “all-nighters” (April to October), but what does she hope to achieve?

Personal Questions:

  1. How do we see natural disasters in the land today? Do we ever see them as God’s judgment?
  2. How are we to react when treaty rights are violated?
  3. How casually does our society take making a vow or an oath? (True Love Waits, marriage, promises, an oath of office)
  4. When times get bad, how long does it take for you to seek the Lord? (2 Samuel 21:1)

Rather than continue in disobedience, God would have us repent and recommit. After David sought the Lord and dealt with the Gibeonites, so times of refreshing may come (2 Samuel 21:14). Regarding the bodies of Jonathan and Saul, the king had some unfinished business. They needed a proper burial (2 Samuel 21:11, 12, 13, 14).

What unfinished business do you have in your life? What old scores need to be settled in a Christ like manner? God’s weapons of love, mercy and forgiveness are more effective that guns and tanks. Who needs your forgiveness, acceptance, release? We will suffer as we allow unsettled issues to fester. It’s time for some battles to end. Rebellion leads to famine in our relationship with God.

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