23/03/2023
We teach people to use a different financial formula, which we call the Abundance Formula.
Income – 10% Tithes – 20% Savings/Investment = Expenses
In this formula, we teach people to give 10% of what they earn as tithe, and 20% for savings and investment. Then spend the remaining 70% on their other expenses.The Abundance Formula actually makes life very simple.
If one makes P20,000 per month, he gives 10% tithe (P2,000) to the Lord (eg.church or charity)) , saves 20% ( P4,000 ) and allocates P14,000 for expenses. If one starts at age 25, a monthly investment of P4,000 translates to P48,000,000 (yes, P48 million) at age 65 if invested at a modest12% per year, or P88 million if invested at 14%.
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