The Beginning of Personal Finance

Let’s act a short drama: Sit at a table for a minute, pen and paper in hand; 

making-listsYou’re the CEO of [Insert your name], Inc. and you’ve decided to fire some people. Make a list of the attitudes of those you want to fire. Got it? Okay, Lights on Set..3..2..1.. Action!

Okay, you’re done with the list so, look up now. Be sincere, do you have any of the attributes on that list? Would you fire you?

Maybe you’re not that bad, so you will not be fired.

Another scenario: As CEO, you need to hire a Managing Director and a Chief Financial Officer; these two people will make or mar your corporation. Would you hire you?

Tough question abi? Oh well, I guess God made a tough choice when He made you the MD, CFO of your life. If He made a wrong choice, you’re screwed right? No, you’re not and He did not make a wrong choice. You can learn and grow. Those are the two keys to being the best MD and CFO you can be.

That’s why I’m writing this column. So that when you report to the CEO (we all will), He’ll be proud of you, and He’ll be glad He chose you. This Personal Finance column will help you build [Insert Your Name] Inc. into a big, profitable and thriving company.

pay-gender-4_3Money moves; currency flows from one to another..always! That’s why managing it is a challenging job. However, it’s not rocket science. Errr, truth is that managing YOUR* money is more important than Rocket Science. If you want to experience financial peace, you have to learn to manage what you have. This is the beginning of Personal Finance

*It is actually God’s money which He gave you to control and manage (“The silver is mine, and the gold is mine, says the Lord of hosts” – Haggai 2:8)

“So, where do I start?” you ask. I’ll tell you:

Take Stock!

Take inventory of your entire life’s worth of money.

TakeInventory1Remember that pen and paper? Now, in ‘real life’. Take a book and write out:

  1. What you Have. (Cash in hand, Savings, Gadgets, everything you have that can give you monetary value)
  2. What you Have and Own: These are called Assets
  3. What you Have and don’t Own: These are called liabilities

Hey, liabilities is not a bad name, It only means you still have some obligations to pay on that item. For example, A loan you took to do business or A car that you have not fully paid for, but making gradual payments

After making that list, the next question is “What are you doing with what you have?”

In Proverbs 27:23, God says “know well the condition of your flock, and pay attention to your herds”


Back then, flocks and herds were a common currency. They were the measure of personal wealth and the foundation for a family inheritance and God said if you want to build wealth, you should know all there is to know about your stuff.

If you do not know what you have, how then will you manage it? If you don’t manage your money, the lack of money will always manage you!

“Know what you own, and know why you own it.” – Peter Lynch

Hey, don’t leave yet, share your thoughts, personal finance questions and tips below; you never know who needs it.



Written By:@ToluKumuyi



Tolu Michaels

Tolu devotes her life to helping people live truly, connect deeply and love freely. She shares the essentials of the Christian faith in everyday language and has been a speaker at many youth gatherings and discussion groups, encouraging young people to take a stand for the Lord in spite of today’s culture. Tolu serves as the Ministry Director of Godlovers Fellowship and has been featured on Kingdom Times and Lifegiva.

Comment ( 1 )
  1. ACT
    November 26, 2015 at 6:22 am

    CFO-ship begins now! Thanks T.K

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