Leveraging and Duplication

Posts tagged ‘digital money’

Keys to Starting a Financial Stewardship Ministry

I’d like to share a few thoughts and then refer you to several resources that go into some detail regarding starting and maintaining a stewardship ministry.

1. Understand the importance. There are thousands of verses about money in the bible. Jesus talked about it more than any other topic except the Kingdom of God. Money is the chief rival god in many of our people’s lives. Materialism mimics a competing theological construct with its gospel (good news) that “Things bring happiness” and its god of money – the “almighty dollar” with its promise of security.
At stake is whom do we serve? (Matt 6:21); where is our heart? (Matt. 6:24); and to where will our love of money lead? (1Tim.6:10).

We must grow in our understanding of how deeply interrelated our relationship to our money is to our relationship to God.

2. Have pure motives. The purpose of a stewardship ministry is not to get people to give more money to the church! People need to know what we want for them before they hear what we want from them. What we want for them is joy, peace and freedom  in an area of their life where those attributes are seldom found.
When a stewardship ministry succeeds in helping people understand a biblical perspective on their material resources and equips them to integrate those principles into their lives, giving will increase – sometimes dramatically. But that is a secondary outcome of the ministry as opposed to its purpose.

3. Stress that the ministry is for everyone. Perception can often be that this is a ministry just for folks in deep financial difficulty (and who wants to admit that?). Wealthy or poor, folks often have very little knowledge of a biblical perspective on earning, giving, saving, debt and lifestyle. And one can have a very large income stream and be a very poor manager of their financial resources. Stewardship ministry is for everyone!

4. Understand the ministry is more than just a workshop a couple times a year. A strong and mature stewardship ministry will teach Financial Literacy that offer a broad range of offerings such as preparing for later life, raising children to be good stewards, dealing with consumer debt, spending wisely, being prepared for one’s death and a host of other possible topics.
The strong ministry also has a trained cadre of budget counselors who can meet personally with folks who are attempting to change their financial behavior but need support and encouragement in doing so.

5. Find the person with a passion to lead the ministry. My experience tells me there are those in every congregation who have a passion and the gifts for this kind of ministry. Good theology says so, too! But because of the average church’s silence on the topic, those folks just never dreamed there was a place for their passion and gifts to be exercised. Sound the call and they will respond!

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Bitcoin For Beginners – Learn How To Mine Bitcoin !

CoinMama: Buy Bitcoins with Credit Card

What is Bitcoin? and How do you mine it? Well, this video will go over Bitcoin mining and show you how to set up Bitcoin Mining Software on your computer. Bitcoin is a digital currency, which is supported by a P2P network of computers across the internet that act as servers to process the financial transactions of this currency.

Some believe Bitcoin is a Scam, or Ponzi scheme, but once one understands the concept of Bitcoin, it is clear that it is not. While the uses for Bitcoin are virtually infinite (paying for goods, services, or money laundering, gambling and drug smuggling) it’s structure remains concrete and open source. However, the VALUE of each Bitcoin is disputable. In theory, Bitcoin becomes harder and harder to mine, which means it takes more and more energy (electricity for your computer/”mining rig” to run) to process Bitcoin and solve “Blocks” of data.

Therefore, the price of Bitcoin may be related to the price of energy and the cost of maintaining this network. While it is easy to assert that there will be additional computers added to the network daily, which would ease the work load on the initial nodes, one can only speculate that the price of Bitcoin MUST increase over time. Especially when power costs in the foreseeable future will be rising.

Currently, only 21,000,000 Bitcoins can be created, but that I guarantee will rise, as many are hoarding the coins and there just simply wont be enough to go around and not enough work, or transaction data, for the increasing number of miners out there.

Specialized computers and “Mining Rigs” are becoming available from companies such as Butterfly Labs and others, which harness ASIC technology. ASIC means application-specific integrated circuit- so these devices are engineered to mine Bitcoin and only mine Bitcoin. This creates an extremely powerful, and efficient machine, over 100x times more efficient than current setups. These machines are said to be able to mine Bitcoin up to 50 GH/s (if that means anything to you, but it’s A LOT) extremely efficiently! More efficient than any desktop computer rig. None of these super computer miners have been shipped/received and it is still extremely uncertain whether these companies are scamming people or not. (I wouldn’t PRE-order a $3,000 machine promising me all the money in the world, but many are)
SO – If these machines come to market, they will truly dominate all others and render most other PC’s/Rigs worthless. Anyways, enjoy the video!

BitCoin For Beginners www.ladageniushash.com

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How Cash Keeps Poor People Poor

Want to help the poor? Start by taking money out of their hands. More specifically, cash, coins and paper bills are the silent enemy of the poor, with costs often out of proportion with their day-to-day convenience.

On one level, it’s ridiculous to think of cash as problematic; if you have a mountain of paper money, you aren’t exactly impoverished. And at times cash seems like exactly what we need. Saying “yes” to cash can seem like saying “no” to overspending and steering clear of big banks, which means saying “no” debt, overdraft fees and Big Brother. In the age of zeroes-happy bank bailouts cash stands for individual empowerment and no-nonsense finances.

The irony of this line of thinking is that most of the people espousing the virtues of cash simultaneously enjoy the safety and cost savings of electronic money. Even those who usually have bank accounts, receive payments via auto deposit, use stored-value cards for public transit and more likely than not pay their rent or mortgage, utilities, medical expenses, Internet service, hotel bills and auto insurance by transferring sequences of 1s and 0s between faraway computers. Click. Sure, you may still need a bill or two now and then for the Salvation Army Santa, waiters and bellhops. But for the most part, the better off you are, the less you need cash — and the easier it is to avoid it.

In contrast, the poor — tens of millions in the U.S. and billions of people worldwide — often have no option but cash, and pay dearly because of it. In a recent piece for Foreign Policy, Vishnu Sridharan of the New America Foundation writes that cash-based economies “harm the poor by heightening the risks they face when carrying money and fueling government corruption and inefficiency.” Imagine literally having your life savings under your mattress or folded into a coffee can, vulnerable to fire, thieves, drunken relatives or nagging neighbors. Imagine having to ride the bus for hours to settle a bill, or traveling for days to deliver funds to a relative. Your already fragile finances can also get hammered by outrageous fees charged by check-cashing services or astronomical interest rates levied .

Psychologists will tell you that we are more careful with our money when operating in cash because forking over those funds is a more salient experience than swiping a debit card. But for the poor, especially in the developing world, it’s the opposite: cash gets spent. That makes it harder to buttress against financial shock and save enough to reach solid financial footing. In some parts of the world, people actually pay local strongmen to safeguard their money because having cash on hand is so precarious. Think about that: not even Wall Street bankers charge you to stash your money in a savings account (not yet, anyway). 

Millions of people on the margins often tumble back into poverty because of sudden setbacks — major illness or natural disaster, for instance — but just as often they are small-scale financial disturbances like a sprained ankle, or a broken-down moped, which prevents you from commuting to work. Even if you’re managing to get by, a cash-only economic existence makes it difficult to save for long-term investments such as education, job training or farm equipment to break the cycle of poverty.

So what’s the solution? You probably have one in your pocket. By 2014, about 90% of all adults in the world will have a mobile phone companies have already shown that you don’t need the latest, flashiest model to send and receive money as easily as a text message and that you can remotely — and securely — access a bank account from the cheapest sort of handheld. Mobile technology will enable the poor to keep their money in the same form that you keep most of your money: digital. Not tomorrow, but soon enough, passing someone a bunch of banknotes or a clinking handful of coins will seem as dated as using a pay phone.

Digital money and mobile technology alone won’t end poverty, obviously. But as Rodger Voorhies of financial services for the poor at the Bill & Melinda Gates Foundation, writes, innovations in these areas “hold the promise to increase transparency, improve financial access and help low income people get out of poverty and stay out of poverty.” If we can turn into the wallet and bank branch of tomorrow, we may end up doing more to combat poverty than cash donations ever could.

Learn here how you can use your smart phone to make money by Clicking Here

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