February 21, 2018

Glorious Living w/ Coach Megan: Financial Freedom {part 1}

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This week I have received several emails asking various questions about spending money- gaining financial freedom. I thought that the best way to handle this would be to break up this topic into several posts so as not to be too overwhelming and hopefully for it to be fairly easy to digest and put into practice! All of the emails I received had to do with the same questions….

How do you master money when you feel like money has actually mastered you?

How do I get in the black with my finances when I am always in the red?

How do I get out of debt?

Good thing for all of us that we CAN find financial freedom through sound Biblical principles for wise money management and solve all of our dollar dilemmas!

I don’t know about you, but my whole life, I believed societal myths about money and it wasn’t until I stacked them up against God’s truth that I was truly set free from them. Do any of these myths sound familiar? Let’s see how they stand up to God’s living truth!

Myth: Money is the root of all evil

Truth: No….. money can actually be used for great good. It is really the love of money that is wrong.

1 Timothy 6:10

For the love of money is a root of all kinds of evil.

Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

Myth: If I just have enough money, I will be satisfied.

Truth: Satisfaction with your financial situation does NOT come from the amount of money you have, but wisely managing what you have.

Ecclesiastes 5:10

Whoever loves money never has enough;
whoever loves wealth is never satisfied with their income. This too is meaningless.

Myth: You must borrow money and pay it back in order to prove financial responsibility and establish good credit references.

Truth: Borrowing and paying back money is not always necessary to get credit. Most lenders are more than anxious to extend credit in order to collect inflated interest rates over an extended period of time. Why?

Proverbs 22:7

The borrower is slave to the lender.

The first aspect of this subject that I think is important for us to discuss is how to know whether you are trustworthy in the way you spend money. You must first desire to please the Lord in every way that you manage the financial resources He has given you. Before you purchase anything, it is good to ask yourself:

  • Is this purchase a true need or just a desire?
  • Do I have adequate funds to purchase this without using credit?
  • Have I compared the cost of competing products?
  • Have I prayed about this purchase?
  • Have I been patient in waiting on God’s provision?
  • Do I have God’s peace regarding this purchase?
  • Does this purchase conform to the purpose God has for me?
  • Is there agreement with my spouse about this purchase?

The Bible says:

1 Corinthians 4:2

Now it is required that those who have been given a trust must prove faithful.

Have you run your purchases through this filter? How would your spending habits be different if you did? I would love to hear all of your thoughts about this in a comment below. I think we would all agree that our money is not ours…. but it belongs to God and we are called to be good stewards of it. God is the owner of everything.  We are the managers of what He has entrusted to our care.

1 Chronicles 29:11

Yours, O LORD, is the greatness and the power and the glory and the majesty and the splendor,

for everything in heaven and earth is yours. Yours, O LORD, is the kingdom; you are exalted as head over all.

This scripture tells us that God is the owner of everything.  Stop and think about that for just a second.  How often do we insert the possessive pronouns of “my”, “mine”, or “ours” when talking about possessions?  It reminds me of a child who says: it’s “mine”, “mine”, “mine!”  But according to scripture house, cars, money and all possessions belong to God.

Most commonly the idea of people claiming money as “their” money leads them down the road of poor decision-making.  Think about all of the financially immoral acts in our society.  All of them typically occur because people make decisions with the perspective of it being “their” money versus it being God’s money.

  • When we acknowledge God’s ownership, every spending decision becomes a spiritual decision.  
  • We need to stop asking, “Lord, what do You want me to do with my money?” 
  • The question needs to be restated, “Lord ,what do You want me to do with Your money?”

Many blessings,

Coach Megan 🙂


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About Megan Smidt, CCLC

Megan Smidt, CCLC
Megan and her husband Craig live in Murfreesboro, Tennessee, along with their 5 children ranging in age from 21 years old to 14. Megan is a Certified Christian Life Coach specializing in Relationship Coaching and more specifically, Blended Family Relationships.
Megan also works part-time as Personal Assistant to Christian Musician Yancy. She loves to travel and spend time with family and friends. She enjoys reading, music, movies, photography, paper crafting, sewing and roller skating.
To learn more, go to www.MeganSmidt.com and/or follow her on https://www.facebook.com/megan.smidtcclc. For a personal consultation with Megan, you can contact her at www.MeganSmidt.com to schedule a free telephone consultation.


  1. We have found that even when you line up your beliefs about money with God’s truth, miracles happen. Paychecks get stretched, faithfulness gets rewarded, and we are able to bless others as we live with open hands to serve others. There have been times of plenty and times of “squeak”. In both circumstance God rules and God provides. There is freedom in managing your money God’s way.

    • Megan Smidt, CCLC says:

      So true, Teresa!!!! God blesses us in ways we could never imagine when we live in line with His Word and teachings. Is it HARD to be a disciple of Jesus? YES….. is it worth it….. YES!!!! <3

  2. My class at church this week was on financial giving. It put a different perspective on money and the differences between an owner’s mentality and a steward’s. For example, when you are a money owner, you say “How must of my money will I give to the church?” When you are a steward, you say “How much of God’s money will I keep for myself?”

    • YES, Amy <3 THAT is exactly it 🙂 Our world will tell you that you EARNED your money and you DESERVE sot spend it any way your heart fancies….. but we are only stewards for every dime given to us by our Mighty Creator <3

  3. thanks, coach megan, as always for the practicality of your blogs. love the true steward’s question: “Lord, what do You want me to do with Your money?” He always has an answer! <3

    • Megan Smidt, CCLC says:

      I have found the more practical…. the more likely we are to begin and maintain implementation. Being a disciple of Jesus is not for the faint of heart or will…. but Praise God for guiding and sustaining us as He works through us to victory!!!!

  4. Great info, Megan! I’m sure many lives will be enriched with this knowledge!

  5. Proverbs 22:7 is so true! My husband and I are convicted by the idea of financial freedom as we know it will give us the freedom to give freely and faithfully as need arises. It will also put us in a position to readily act in whatever way he might call us to. I wrote on my story here: http://possibilityforsimplicity.wordpress.com/2013/10/04/on-financial-freedom-what-it-means-to-us/
    Thanks for your wisdom.