This program, Kingdom Wealth Builders (KWB), aims to develop Kingdom Entrepreneurs in wealth retention (management) skills to leverage their children's economic future. The church teaches us to sow seeds based on the theology that God is supernaturally going to respond without any effort from us. However, this teaching eliminates the theology of stewardship and planning. The key to wealth retention is appropriately managing your talent, time, money, and our Kingdom assignment (family) through a solid plan. When our theology includes a management plan, it forces people to act intentionally based on a system, not emotions. Kingdom wealth is a strategy, not a miracle. 

 

       Family Business     

 

And the people of Israel did as Moses had instructed; they asked the Egyptians for clothing and articles of silver and gold. The LORD caused the Egyptians to look favorably on the Israelites, and they gave the Israelites whatever they asked for. So they stripped the Egyptians of their wealth! Exodus 12:35

 

The goal for your family-based business is to get your money back legally. One strategy one may consider is the IRS allows you to hire your children to work in your family-based business, write off the income you pay them, and you don't have to report their payments as income! 

 

 

      Home Ownership      

 

Homeownership promotes wealth building by acting as a forced savings mechanism through home value appreciation. Wealth building hinges on the homeowners’ ability to build home equity. The goal in homeownership is to pass on a debt-free asset with instruction to your children. One possible threat to passing on a debt-free asset is refinancing. Refinancing your mortgage can have significant benefits, but the pros depend on the terms of the refinance and your individual situation and goals.

 

Reasons, why refinancing may not be a good idea for everyone includes but are not limited to the fact that you might not break even, the savings might not be worth the effort, your monthly payment could increase, and you could reduce the equity in your home. Failure to properly manage refinancing your home may cause you to pass on a liability to your children.     

 

 

T.     Wealth Transfer      

 

Most couples are taught their roles in their pre-marital counseling sessions. Roles are essential, but what is more important is understanding the purpose of marriage. Purpose reveals the why of a thing. If you fail to understand the why of a thing, you are more than likely to abuse that thing. According to Genesis 1:28, the purpose of marriage and family is to increase.

 

God was the first marriage counselor, and Adam and Eve were the first couple to receive instruction regarding this new concept called marriage. The first piece of instruction God gave to Adam and Eve was to be fruitful or productive and multiply. The foundation of a marriage is wealth building and then passing the results to their beneficiaries. “A good man leaves an inheritance to his children’s children…” Proverbs 13:22