THE NEW FINANCIAL YOU: 21 DAYS TO MAKING $ENSE OF YOUR MONEY

By MYRNA L. GOEHRI ETHERIDGE

The New Financial You is the only book that looks at personal finances as: 
Problems people have with money; the 
Plan God has for each of people’s money problems; and the 
Provision God had in mind from asking mankind to deal with money His way.

Get it quickly, study, put it into practice an

• Language: English
• Publisher: Stratton Press
• Release date: Mar 19, 2019
• ISBN: 9781643454382

MYRNA L. GOEHRI ETHERIDGE

Myrna taught 18 years, and is acclaimed as a master teacher. At times she is a guest on local and national TCT and Christian Television. She's a hometown girl called to serve Jesus with added international flavor. She has some earned degrees, but please, don't hold that against her. She has taught Bible on Collegiate level; authored 16 books plus one Music CD and edited five books; and is listed in Who's Who in Leaders of Science Ed. 1967-68 and thirteen other Who's Who volumes. Her books and other information are available.

Book preview

DEDICATION

With help, prayer and encouragement from the dear Pastors and congregation of New Covenant Fellowship of Poplar Bluff, Missouri and Crusade Center of Dexter, Missouri this is taking form. They have faithfully encouraged as this writing and rewriting flowed forth. Thankfully they endured weeks of talking based on this manuscript. Blessings are sent their way coupled with many thanks. Without the support and help of my husband encourager (Grady went to his reward in 2009.) of 30 years; able editing of the copy by Mickey Mitchell; and, sparkling examples from the life of Garth and Tina Coonce this book would not be. The Ministry Board and Advisors steadfastly strengthened me during the months of writing time.

Getting out of debt three times has strengthened the basics given in the Bible for living debt free. My heart is fastened to and regards these principles as my financial guide. It is also dedicated to you, as learner or reader in hope that you too will gain these principles to live in financial freedom and prosperity.

With grateful heart my largest thanks is to the God who loves me and for His leading through the Holy Helper. Any glory or praise for this writing is His.

FOREWORD

The world is suffering for many types of lack, food, clothing, shelter, knowledge, medical help, and financial wants. The background purpose of this work is to exhibit the plan for provisions to the creatures created by a loving God. His underlying plan and law of sowing and reaping work for all mankind—no matter if they recognize the creator or not. His plan stands and will continue to stand.

Reminded by experiential insights we included seven of the areas that affect or afflict our financial lives. The area will be presented in groups of three, except for the first, an introductory chapter, and the last two summation chapters.

Debt will be the first area explored in Chapters 2, 3 and 4. It will be presented from the view of The problem in the first chapter of the group. Next, second chapter of the group, the process, will give the Bible information that sets forth how to overcome the problem.

Lastly, the third chapter in each group will present the plan and provision God has provided. The last of each three chapters will be followed by a summary set of questions for the topic. The summary questions were provided to help clarify the topic. Quickly review the TABLE OF CONTENTS, that gives each of the six study problems in their three chapter groups.

The materials studied over a period of twenty-one weeks will lead you to the summation contained in Chapter Twenty giving the highlights from each study area; and, Chapter Twenty-One presents get-your-feet-wet-in-investing-ideas for relatively secure first time tries at investing.

My GOAL is: To strengthen inner regulators of your financial choices.

Hopefully, you will decide to invest about 15 minutes a day for seven days on each chapter.

Underlying this study is my belief that until our value system is changed to a God-view, we will not modify our handling of money.

Resultant you will find: The effect of increased value of internalized self-worth will influence making quality choices. Dependency upon the provisions God has designed will seem sensible. The choice to spend time for each of 21 weeks will take you from where you are to your first investing and The New Financial You. All of us want to keep as much of the financial wealth entrusted to us as possible.

Have a blessed adventure.

Author: Myrna Goehri Etheridge

Endorsements

Mickey Mitchell

Editor, Wife with family of four

It showed me where my bad spending habits came from and gave me insights and the tools to break those habits.

Katie A

Working, Single Mother

When I learned about petitioning God when I couldn’t see any source of a need—a whole new confidence came into my heart. Thanks, Myrna!

Stacey Strong

Financial Advisor for Bank

The investing start encouraged is the most conservative way to begin saving for the future. We hear about the 20/80 rule all the time.

Diane and Zackery Strong

Myrna’s pastors for over ten years.

Unfortunately, many people have problems from the debt loads. This book will help us to have a scriptural reference to help them. Myrna and Grady regularly support their church and are responsible financially.

Gary McSpadden

Musician, Minister and-Faith & Financial Freedom Series teacher

Yes, God does supernatural debt cancellation when the underlying problems of wrong thinking about debt are handled. Myrna says my usual strong point: Nothing will change unless you change the way you handle your finances. This book will help you.

Dr. Garth Coonce

President, Founder Total-Christian Television

World-Wide www.tct.tv all day every day

Two keys that have allowed us to walk into our God planned destinies are: deciding to live without debt and tithing. Without tithing and debt done right, you will not become financially sound. Myrna covers the ideas that will help you get debt free and begin tithing so blessings from God flow to you.

Gary McSpadden

Musician, Minister and Faith & Financial Freedom Series Teacher

There is little doubt that Myna Etheridge has found the road to financial freedom. Experience is life’s greatest teacher and she has lived the truths that you will find in this book. It is time for us to break the cycle of debt and lack. One definition of insanity is doing the same thing over again and again while expecting a different result. If we are to be free, we must make a change. Yes, God does bring supernatural debt cancellation when we handle the underlying problems of wrong thinking about debt. Myrna says my usual strong point: Nothing will change unless you change the way you handle your finances. We are all on a search for freedom and this book will help you get there.

Ann Bennett

Grandmother, Retired

Thank you, Grady and Myrna, for teaching us about how to claim God’s blessings that are available through tithes and offerings. Based on the truth of sowing we took a $1,87 refund which came unexpectedly and planted it as a seed for one hundred fold return. Shortly a strange check came for $10.87. Then we took that $10.87 and sowed it as a seed for the next hundred fold return. The $108. arrived a short time later. The $108. was sown as seed for a $1,080. harvest. The crop again came in and in turn it was sown for $10.800. crop. Within several months, two large, unexpected checks brought in the $10,800. return from the sowing of $108. We didn’t eat any of the crops, but planted all of the $10,800. into God’s work. Now our request of the Lord is for the $10,800. seed to produce $100,000. It has been several months and from day one the LORD has been faithful. He has given us money and goods that at this point nearly fulfill the value of the $100,000. crop. Based on this wonderful truth, we are now joyfully sowing toward a $100,000. seed offering requesting a million dollar blessing. Our plan for that money is to give it to God’s work—locally and internationally.

CHAPTER ONE

THE BUCKS STOP HERE—OR DO THEY GO ON?

How do we save Money? What about credit? When is using credit a good idea? What are the various sources of credit available to me? Do I really want credit? How do we raise funds?

All these questions and other related ones will be touched in this, the area of Finance. We all want to get our bucks (dollars) to do as much as possible; last as long as possible; and benefit as much as possible. Some call this the science of managing money. You’ll find an emphasis on the dangers of credit. The dangers of debt and our entrenched feelings are so strong that we recommend: If you are in debt get out! If you are out of debt, stay out!

Each generation teaches the next the value of money and how to do purchasing—by example and instruction. Let’s rate our view of major debt by the following case history.

Though Garth Coonce is President of Total Christian Television he does family things too. Let’s act as though we are going shopping with this wise grandfather and his granddaughter, Natalie. He was teaching her about how to do a major purchase—her first auto. Hopefully, someone has taught you, but if not—here we go.

Garth’s testimony follows: "My granddaughter, Natalie, and I went car shopping. What an experience we had for a few days as we went to pick out her first car. She was going to be nineteen in a couple of weeks and wanted her own car. The facts were: She has a job. She’s making a few dollars. She had zero credit.

We went around town to a couple of car dealership after 6:00 in the evenings. When they were all closed she could take her time and look around without being bothered by sales personnel.

I told her the ground rules for a first auto:

1. You have to get something the insurance companies will insure.

2. For an 18-19 year old , a 4 door, 4 cylinders automatic is the way to go.

The first car she saw was one of these two door, big V-8s. I looked at her, No, we’re not going to do that, Nat! while shaking my head gently—NO!

We looked and looked and she picked out the car. She fell in love with this Hyundai Accent. It was little, 4 cylinders, 4 doors, and automatic. Then—they found out because she didn’t have any credit, they couldn’t give her any financing.

The deal was 0 down 0 per month for four years and a thousand dollar rebate. That sounded like a pretty good deal, so we investigated the deal further.

What we found was not promising. First of all, the deal didn’t apply to her because she didn’t have any credit. Second, it didn’t apply to me because it wasn’t available to cosigners, if I even decided to cosigned with her. The best they could do was the rebate and 17 % interest.

She looked pitiful and said, Pop, I love this thing.

It was obvious she had her heart set on it. I sat down beside her and said, Let’s talk a little bit about money. Do you realize what 17% is? I looked straight into her longing eyes.

Well no, not really—but what’s the payment? Pop, I can do it.

The point of my story was, even with credit, the only goal she had was buying a car. She didn’t care about budgets. She probably would have ended up with 17% interest. (Later we’ll talk about interest. Interest will kill you. A high rate will cost twice as much as the original purchase price over time. Watch out for interest rates!)

A call to my friend at the bank opened the way for the financing. We got credit through the bank; and, got it for 6%. Natalie is happy, and now I’m happy. I signed for it; and so far, my hope that she faithfully pays for it has been well placed. She continues to enjoy the auto; it was right price and right interest rate."

The auto-buying lesson was ended for Natalie’s first auto.

Over-the-top debt has often entered family budgets when buying was based on the question: What’s the Payment? Many times it is the downfall of the family’s budget. The payment fitting in for now doesn’t reflect the effect of the payoff amount for the long haul.

It is best to analyze how credit payments will affect the budget. Goals and budgets are important for any family, business or church. We define budget as any financial plan serving as an estimate for the future, never an actual set of costs. A budget is only your very best estimate of what your cost is going to be. Also, income expected is a best estimate, subject to change.

Forecasting a total future operations cost will be an educated estimate, whether it’s for a household or business. The estimate will need to include the future cost of both manpower and the money. Often times the manpower part