30 Days To Breakthrough

Welcome to Day #15 of your “30 Days To Breakthrough”journey. Today’s topic is the 10-10-80 principle.

In Week #1 we discussed a variety of topics related to Stewarding Your Time. In Week #2, we discussed Stewarding Your Talent.

Today we begin a new 7 day series about Stewarding Your Treasure (Money).

Here is a summary of what we will cover in the next 7 days:

Day 15 – The 10-10-80 Principle
Day 16 – God’s Five Principles Of Financial Freedom
Day 17 – Keep Good Records
Day 18 – Plan Your Spending
Day 19 – Breaking Out Of The Debt Trap
Day 20 – Emergency Savings and Insurance
Day 21 – Investing

QUOTE
The reward for giving is a blessed life!

LESSON
The key to John D. Rockefeller’s financial success was following the 10-10-80 principle.

“Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you” (Luke 6:38, NIV).

Are you giving God your first fruits with a cheerful heart? What percent of your income do you save?

Like Bill Gates of today, John D. Rockefeller was the wealthiest man of his generation. When John was asked what was the secret of his financial success, he gave a profoundly simple answer – he followed the 10-10-80 principle. John gave the first 10% of what he earned to God, the next 10% to savings, and then he lived within his means on the remaining 80%.

By giving God our “first fruits”, we acknowledge Him as the owner of all and show we trust Him. This act of giving with a cheerful heart releases the promise of God that “our barns will be filled with plenty” (Proverbs 3:9-10). In other words, when You give God the first and best of what You have, He will bless the remainder. This applies not only to our money, but also to our time and talent. The LORD is our Redeemer.

The second part of the 10-10-80 principle is saving. In America, we now have a culture of debt – people are in debt and so are our governments. In Japan the average savings for a worker is more than 20%. In Western Europe it’s about 16%. But in the United States, the average worker saves minus 2%. Covetousness leads to financial bondage, which leads to spiritual bondage. The Bible says that “the borrower is servant to the lender.”

It’s interesting that when immigrants come to our country, they often do a much better job at saving than people who have lived in America for all their lives, despite the fact that they often earn far less.

QUESTION
Lord, how can I do a better job giving and saving?

LINK
” 10-10-80 principle” Surviving Financial Storms – YouTube video

PRAYER
Heavenly Father, thank you for the money you entrust to me.Forgive me for ways I have mismanaged money in the past. Keep me on track in following the 10-10-80 principle. Teach me to spend my money wisely and help me to eliminate all my debt. In Jesus name, I pray. Amen.

Blessings to follow the 10-10-80 principle!

R. Joseph Peck, M.D.
“Blessed to be a blessing”
THE CONNECTOR and The Journal Guy
Changing Lives to Disciple Nations
Community Transformation Specialist

Tags: 30 Days To Breakthrough, joseph peck, The 10-10-80 Principle

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