PDF Summary:Fixing the Money Thing, by Gary Keesee

Many Americans find themselves trapped in a cycle of debt, struggling to make ends meet. In Fixing the Money Thing, author Gary Keesee shares his personal journey from financial distress to achieving economic freedom by applying biblical principles to money management.

Drawing on spiritual teachings, Keesee outlines a five-step approach: prioritize God's kingdom, stop relying on debt, eliminate debt sources like credit cards, practice generous giving, and create a strategy to eliminate existing debts. He also offers practical tips to reduce expenses and plan for long-term investments, ultimately helping you align your finances with your life's true purpose.

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• Financial stress from debt may contribute to divorce and family breakdown, but it is not the sole cause; relationship issues are complex and multifaceted.
• Lenders are businesses that need to profit to operate, and interest charges are not inherently exploitative but a reflection of the risk and cost of lending.
• The accumulation of interest over time is a fundamental principle of finance that applies to both debts and investments, and can work in favor of consumers in the context of savings and retirement accounts.
• Some borrowers may focus on monthly installments due to budgeting strategies that prioritize cash flow management over total cost.
• Advertising strategies that encourage regular purchases can contribute to financial obligations, but they also reflect consumer demand and can be part of a balanced budget if managed responsibly.
• The "Rule of 72" is a simplification and does not take into account the effects of compounding frequency or varying interest rates over time.
• Financial decisions are often influenced by a combination of emotions, external pressures, and rational analysis, and emotional factors can sometimes play a positive role in decision-making.
• Credit card offers, high-interest borrowing, and pawnshops can be useful financial tools when used appropriately and with a clear understanding of the terms and conditions.

The solution is found within the divine teachings and principles, which are further enhanced by practical steps for implementation.

Understanding the fundamental concepts that form the foundation of God's Kingdom is crucial, especially as they differ significantly from the practices of the "earth-cursed system."

The Kingdom ensures the fulfillment of our fundamental necessities, freeing us from the unending burden of perpetual toil.

Keesee highlights the clear contrast between the limitations of the earth-curse system and the abundant resources found in the Divine domain. He uses the story of Adam and Eve's expulsion from Eden to illustrate how humanity has been saddled with endless toil and a perpetual battle for survival. Gary Keesee advocates for the concept of divine favor, as illustrated in holy texts, as a means to fulfill our necessities, freeing us from the constant pressure of intense work and financial worries.

To fully benefit from the Kingdom's offerings, one must change their mindset and consistently implement its sacred principles.

Keesee contends that to access divine provision, we must fundamentally shift our thinking and convictions from mere survival to a confident trust in the divine assurance that our fundamental necessities will be provided for. He emphasizes the necessity of fully comprehending and adopting the sacred tenets that govern the domain of the Almighty, just as we acquaint ourselves with and depend on the physical laws of the natural world. Gary Keesee recounts an anecdote of a client whose fervent desire was to reel in a blue marlin in Hawaii, demonstrating the concrete results that manifest when one's belief is anchored in the principles of God's Kingdom. Gary Keesee underscores the importance of declaring one's belief, carefully distributing resources as if sowing seeds, and staying open to guidance provided through divine inspiration to tap into the riches of this realm.

Employing biblical principles for fiscal management.

Make the pursuit of the Kingdom your utmost priority, halt any dependence on borrowed funds, and close off any paths that could lead to incurring debt.

Keesee delineates a quintet of actionable measures to incorporate principles of the Kingdom into financial management. The foundational concept is to place the search for His kingdom and righteousness at the forefront, as directed in Matthew 6:33. He elucidates that it necessitates a committed endeavor to comprehend and conform our existence to the sacred decrees, akin to a voyager in an unfamiliar nation adapting to the indigenous dialect and traditions. The second principle involves committing resolutely to breaking free from the habit of spending more than we can afford, which requires a significant change in our financial behavior. The third principle emphasizes the complete elimination of possible debt catalysts through the disposal of any credit cards, the cessation of all credit lines, and the avoidance of different lending practices.

Embracing the concepts of generosity and stewardship to access the resources of the Kingdom.

The writer underscores the importance of donating to charitable causes, referencing the teachings in 2 Corinthians 9 that underscore the benefits of liberal giving. He recounts many stories of people who experienced substantial financial improvements when they devoted their assets to charitable deeds in service of the divine realm. Keesee encourages readers to embrace tithing, which he likens to building a protective fence around our finances, and to understand that offerings, or additional giving above the tithe, unlock an even greater harvest of blessings. Gary Keesee illustrates the strong link between consistent tithing and receiving God's blessings by referencing the Book of Haggai, highlighting that neglecting this essential tenet could lead to ongoing financial hardships.

Create a comprehensive strategy for eliminating debt.

Keesee underscores the importance of a clear plan for achieving financial autonomy. He emphasizes the necessity of a detailed strategy that outlines specific steps, acknowledges current assets, and allocates funds specifically for paying down debt. He contends that this concrete record acts as a potent prompt of one's pledge to break free from financial obligations and maintains concentration on the primary objective: achieving economic freedom.

Other Perspectives

• The assumption that divine teachings and principles offer practical solutions to all individuals may not resonate with those of different faiths or secular beliefs, who may find solutions in other philosophical or ethical systems.
• The concept of God's Kingdom and its principles may be interpreted differently within various religious contexts, and some may argue that these interpretations are subjective and not universally applicable.
• The idea that the Kingdom fulfills fundamental necessities could be challenged by the reality that many devoutly religious people still experience poverty and hardship, suggesting that spiritual beliefs alone may not address all material needs.
• Changing one's mindset to align with sacred principles may not be sufficient for everyone, as practical circumstances, mental health issues, or societal structures can also significantly impact an individual's ability to thrive.
• The application of biblical principles to fiscal management may not align with modern economic theories and practices, which often rely on credit and investment strategies that involve borrowing and debt.
• Prioritizing the pursuit of the Kingdom above all else may not be feasible or desirable for everyone, especially those who prioritize other ethical or personal commitments.
• The encouragement of generosity and stewardship, while noble, may not always result in the access to resources or financial improvements as suggested, and could lead to financial strain if not balanced with practical financial planning.
• The strategy for eliminating debt must be adaptable to individual circumstances, and a one-size-fits-all approach may not be effective for everyone, especially those facing systemic financial disadvantages.

Strategies for achieving financial independence include saving, uncovering hidden assets, investing, and aligning financial freedom with one's personal goals and ultimate aim.

Approaches to uncovering concealed fiscal assets and minimizing outlays.

Exploring methods to reduce expenditures on items like insurance and routine household expenses.

Keesee provides a wealth of practical advice for uncovering "hidden money" and streamlining expenses. He advocates for a thorough review of insurance protection, recommending that readers evaluate term life insurance, opt for health plans with higher deductibles coupled with Health Savings Accounts, increase their deductibles, and choose to pay their insurance premiums on an annual basis. He suggests that individuals meticulously review their tax documentation to identify any excess payments or errors and to seek assistance from professionals like auditors to discover any missed funds. He advises individuals to carefully examine their energy statements for any errors and to consider actions that lead to energy savings, while also initiating conversations with their service providers to negotiate lower fees.

Implementing tactics like electronic billing and making use of online marketplaces such as eBay, in addition to identifying allowable expenses related to vehicle mileage, can reveal additional monetary assets.

The writer offers a range of innovative methods to boost an individual's economic assets, often through unexpectedly straightforward techniques. He advises streamlining insurance coverage by removing unnecessary add-ons, for instance, those that discharge a debtor's outstanding obligations upon their passing. He also suggests that, under certain circumstances, cash flow can be significantly improved for seniors by cashing in existing life insurance coverage. Gary Keesee suggests choosing checking accounts that do not incur fees and emphasizes that a shift to online banking could lead to better interest rates. Keesee inspires his audience to embrace a progressive mindset, encouraging them to identify opportunities for savings and to enhance the worth of every dollar.

Advice on selecting investments that prioritize benefits over an extended period.

The author revised his recommendations, suggesting the choice of annuities tied to an equity index over mutual funds.

Keesee details his own evolution in thinking about long-term investments. He explains his shift from relying solely on mutual funds, now deemed too risky, to a more prudent approach that mainly includes annuities tied to benchmarks that reflect the market's volatility. He was initially skeptical about the worth of annuities, but he later endorsed the utilization of annuities linked to market indices as a strategy to capitalize on market upswings while safeguarding against potential declines.

Even after clearing all debts, it's essential to carefully plan for future financial stability.

Keesee underscores the necessity of devising a financial plan that goes further than merely eliminating existing financial obligations. He emphasizes the erosive power of inflation and encourages readers to create a secure future by using safe investment strategies like EIAs or IRAs to build a solid nest egg, ensuring financial stability throughout their later years. He counsels caution in managing finances, suggesting avoidance of risky endeavors like regular speculation in the stock market and participation in multi-level marketing schemes, emphasizing the importance of steadfastness and reliability in sound investments.

Linking financial independence with one's life purpose and ultimate fate.

Financial independence enables a person to uncover their genuine vocation and the true meaning of their existence.

Keesee emphasizes that while achieving financial freedom requires a significant commitment to practical strategies and hard work, the truest rewards are far greater than mere material wealth. He firmly believes that overcoming debt is just the first step, which then paves the way for the discovery of the divine purpose embedded within our very existence. He contends that the persistent weight of monetary worries can obscure our viewpoint and capabilities, hindering our progress toward discovering our genuine calling.

The author believes that reaching a point where one is free from debt signifies the beginning, not the end.

Keesee highlights Jesus' message from Matthew 6:24 in the Bible, underscoring the impossibility of simultaneously dedicating oneself to God and the chase for riches. Being freed from the weight of debt allows us to dedicate ourselves wholly to serving God and to pursue our true calling. He recounts inspiring tales of people who underwent a total change in every aspect of their lives, including their spiritual and psychological health, after discovering and embracing their genuine purpose under divine authority. He motivates individuals to leverage their economic independence to become pillars of benevolence, enriching the lives of others and creating an enduring influence on the globe.

Other Perspectives

• While Keesee advocates for higher deductible health plans coupled with Health Savings Accounts, this strategy may not be suitable for everyone, especially those who have frequent medical needs or cannot afford the out-of-pocket expenses before the deductible is met.
• Paying insurance premiums annually can save money but might not be feasible for individuals who do not have enough cash flow to cover a large one-time payment.
• Seeking professional help to review tax documentation can be beneficial, but it also incurs additional costs which might not always result in finding missed funds or excess payments.
• While electronic billing and using online marketplaces can be convenient and cost-saving, they require a level of internet literacy and access that some individuals may not have.
• Cashing in life insurance for seniors could provide immediate cash flow but might also leave them without necessary coverage and could have tax implications.
• Choosing fee-free checking accounts and shifting to online banking for better interest rates are good suggestions, but the best banking options depend on individual circumstances, including access to the internet and personal banking needs.
• The recommendation to select annuities tied to equity indices over mutual funds may not be the best advice for everyone, as annuities often come with higher fees and less liquidity than mutual funds.
• Safe investment strategies like EIAs or IRAs are generally sound, but they may not provide the growth potential needed to outpace inflation or meet financial goals for some investors.
• The idea that financial independence enables individuals to uncover their true vocation assumes that financial constraints are the primary barrier to such discovery, which may not be the case for everyone.
• The belief that being free from debt signifies the beginning of a journey towards serving God and finding one's true calling may not resonate with individuals who do not share Keesee's religious beliefs or who find purpose in other aspects of life.