Monday, January 29, 2018

Mission Connect Podcast; Episode 36 Notes

Here is another set of notes from Passion to Reach's Misson Connect Podcasts. This one is entitled Money with a Mission, where Finu and Emily interview Mike Crofts on finances. For more podcasts, check them out here.


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MCP 36: Money with a Mission

Matthew 6:21 – “for where your treasure is, there your heart will also be.”

Mike @ 3m25s:

Mike was 14 years old when he went to see “Heaven’s Gates, Hell’s Flames” at a local church, he went with his friends. It literally scared the hell out of him, because everyone that was going to hell portrayed the life he was currently living. He decided that it was time to change, so at the altar call he gave himself to Christ. But he mentioned that the play got him there, but it was the relationships he built (i.e. the youth pastor’s relationship with him, and having his friend at the church) that kept him there.

How did Mike’s life change after this decision? He found that he didn’t struggle with anxiety and depression anymore because he made a choice that committing his life to Christ. He felt lighter, like a weight had been lifted off his shoulders. His schoolmates would ask him, “why are you always smiling?”, and he often had to defend/share what he now believed.

Finu @ 7m40s:

Pastor Finu mentions for us to never despise a young person, who chooses to come to the altar. They may look a little distracted, or you may think they are not sure about what they’re doing or if they fully understand, but this doesn’t meant God is not moving in their lives. There is a supernatural work the Holy Spirit is doing, that we can’t really explain. There’s a heart change, a life change, a desire for something better... to live life at a higher level.

Mike @ 9m39s:

To someone who is working with young people, while doing their best to influence their life, Mike’s advice is: Don’t give up. They’re listening to you, you’re planting a seed... even if you don’t think they are listening to you, they are.

“You’re planting a seed and it takes time for a seed to grow and for the harvest to come. You plant the seed but you have to continue to water it. Don’t give up. Continue doing what you’re doing. You are influencing a generation that needs to be influenced in the right way.” - Mike

Emily @ 10m45s:

How did you begin to discover what to do next in your life?

Mike @11m10s:

Mike had two passions in high school: skateboarding and music. It took him upwards of six years after high school to get into the music industry.

He believes it was God who had him on a journey; he refers to it as a valley. He started to challenge the things he was taught in the church; critical thinking was developed in his early twenties. Both his theology and character were changing while he was in this season. He mentions that when he was out on the road this development was critical; he says, “Just because you’re on a Christian band, doesn’t mean everyone’s a Christian.” A lot of the time, he felt as though he was ministering to the people behind the scenes, rather than the ones in the audience.

Finu @ 13m50s:

What was the journey between being a musician to becoming a financial coach? It almost doesn’t seem to fit but...

Mike @ 14m10s:

Mike got married to his wife... They had believed that you can use debt to build wealth... and it didn’t work. Then one day Mike just decided they were going to live debt free. In two and a half years they paid off all their debt. They studied what the bible had to say about finances. He wasn’t taught it in church, outside of tithing, and as he studied he learnt that the Bible has more to say about finances than it does about faith or heaven and hell.

God has a lot to say about money, and Mike started to put some of this into practice and it worked for him. Then when people saw it working for Mike, they asked him to help them. At first it wasn’t a job for him, he was just giving people advice. It soon became a passion for him; helping other people to get out of debt, without having to sell products or insurances. So he developed a curriculum for students and adults, he did talks at churches too, on money. He has a course called “The Five Essentials of Personal Finance” which has been very successful.

Finu @ 17m02s:

The bible says a lot about finances, and we don’t seem to talk a lot about it. What is more limiting to a person than not having their finances in order? What do you [Mike] see when you think of money on a mission? God gives us the power to create wealth, and be a steward of wealth. How does that actually play out in a practical sense?

Mike @ 18m37s:

Here are some stats:
  • 7 out of 10 Canadians are living paycheque to paycheque.
  • The average Canadian owes about $35,000 in consumer debt.
  • Canadians are spending $1.69 for every $1 they earn.
  • The number one reason for divorce in North America is for money-related problems.
And none of these stats exclude the church.

Mike sees the power of a generous giver. There is a stat that shows only 6% of the Evangelical Christians actually give to support the church.

Debt limits our opportunities. We have an obligation to pay it back, and it limits us from what we can do. Luke 16 says if you can manage the little God gives you; God will give you more to manage. Mike believes money is a test. We need to be givers.

Finu @ 22m10s:

This is a huge topic. When it comes to generosity and funding the kingdom and the gospel... this includes starting businesses, and being a job creator. You can give if you’re in debt yourself.

Finu recalls the biblical characters of Solomon, and Joseph, and Daniel, and they were all so smart and had Godly wisdom.

You need resources to fulfill God’s mission for your life. If you’re in debt and you make bad choices, you’re going to limit yourself. And things may be delayed because you have to clear up the debt you’ve created.

Finu asks Mike to give some general principles to managing your money to have more available to give and to invest into the kingdom.

Mike @ 23m53s:

There is a clear path for our finances. Proverbs 21:5
  1. Good plans are required for finances. Managing your money every month, have a monthly cash flow plan or budget.
  2. Debt is dumb. Proverbs tells us a lot about this.
  3. Put money away for an emergency.
  4. Take care of your own family first. (See 1 Tim 5:8) (i.e. investing for long term goals, insurance)
  5. Giving is huge. There is a return with giving. (Keep giving even if there is a cut in income.)
Emily @ 27m26s:

Everything is at our fingertips; credit cards are available as soon as we turn 18.

We need to build, we need to plan. Trusting God in every area, and this is no exception. Seeing where God provides in moments when it’s unexpected.

Mike @ 28m44s:

Christians tend to let their debt have control of their life rather than God having control over their life. This is why Mike has become a financial coach and teacher.

Finu @ 29m14s:

When we take care of our lives: health, relationships, finance, etc... There will be no restrain to live out your mission.

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More on Mike's ministry: mikecroftsdaily.com

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