Steps to Financial Freedom
How can we achieve financial freedom? What must we do according to God’s plan?
1. Transfer Ownership
Christians must transfer ownership of every possession to God. This means money,
time, family, material possessions, education, even earning potential for the future. This is
essential to experience the Spirit-filled life in the area of finances (see Psalms 8:4-6).
We must realize that there is absolutely no substitute for this step. If we believe that we
are the owners of even a single possession, then the events affecting that possession are going
to affect our attitudes. God will not force His will on us. He will not input His perfect will
into our lives unless we first surrender our wills to Him.
However, if we make a total transfer of everything to God, He will demonstrate His
ability. It is important to understand and accept God’s conditions for His control (see
Deuteronomy 5:32-33). God will keep His promise to provide every need we have through
physical, material, and spiritual means, according to His perfect plan.
It is simple to say that we will make a total transfer of everything to God, but it’s not so
simple to do. At first, we will experience some difficulty in consistently seeking God’s will in
the area of material things, because we are so accustomed to self-management and control.
But financial freedom comes from knowing God is in control.
What a great relief it is to turn our burdens over to Him. Then, if something happens to
the car, we can say, “Father, I gave this car to You; I’ve maintained it to the best of my ability,
but I don’t own it. It belongs to You, so do with it whatever You would like.” Then look for
the blessing God has in store as a result of this attitude.
2. Become Debt Free
A Christian must get out of debt altogether. Again, let me define a scriptural debt. Debt
exists with any of the following conditions.
- Payment is past due for money, goods, or services that are owed to other people.
- The total value of unsecured liabilities exceeds total assets. In other words, if you
had to cash out at any time, there would be a negative balance on your account.
- The family’s basic needs are not being met, producing anxiety in the area of financial