What Does the Bible Say About Financial Accountability?

My fellow blogger, Jay Peroni, talks about financial accountability at jayperoni.com.

This got me thinking, "What does the bible say about financial accountability?"  Growing up, my family learned that we were supposed to be independent and strong.  Strong meant that we should not depend on other people, that we should not ask for help.  However, is this the biblical way?  Didn't Jesus work with 12 disciples to spread his word?

Dave Ramsey suggests that single people have an accountability partner at www.daveramsey.com.  He probably suggests this because he knows that life unexpectedly adds some twists and turns and its great to have someone there when you might not have the emotional strength to focus on finances.

From Proverbs 12:15, we see "The way of a fool is right in his own eyes: but he that hearkeneth unto counsel is wise."  In all areas of life, it is wise to seek counsel.  The book titled The Go-Giver: A Little Story About a Powerful Business Idea by Bob Burg shares the concept that it is wise to seek a team who have a vested interest in your success.

Do you have anything to add about what the bible says?

This post was reposted from http://finlit.biz/business/what-does-the-bible-say-about-financial-accountability/, originally written on February 8th, 2013.

Is It What We Know or What We Do That is More Important?

We need to take ownership for our actions.  Whether we are looking at our personal lives, business, finances or professional relationships, we are responsible.

At blogs.hbr.org, I found it well stated as "The responsibility is yours, and it starts with developing a belief or habit of mind that you, as an individual, are accountable for the quality and timeliness of an outcome, even when you're working with others."  I absolutely agree with this statement.  The truth is you are where you are because of you.  Now that you know this, what are you going to do about it.

Are you going to continue to read or are you going to start taking actions.  Knowing something is useless.  Taking action and actually taking steps towards your goal or changing your situation is everything.  Are you gonna talk the talk and walk the walk?

You know that you should have no debt.  You know that you should have more that $10,000 in your savings account.  You know that you should have more than $25,000 in your retirement account.  The question is whether you are going to partner up with someone to keep you accountable when you know you should or whether you want to live in denial thinking that you are doing just fine on your own.

Thanks for reading!  Spread the word and lets make some changes together.

This post was reposted from http://finlit.biz/business/is-it-what-we-know-or-what-we-do-that-is-more-important/, originally written on January 29th, 2013.