My 5 for Friday (September 13, 2019)

How should a pastor think about his salary? How does giving benefit the giver? And how can you build your emergency savings?

All these questions and more are answered in this week’s My 5 for Friday.

  1. How Should a Pastor Think About His Salary? by Brandon Shields. The relationship between pastors and compensation is often one filled with tension. While this shouldn’t be the case, Brandon Shields points out why he thinks this is often the reality in ministry contexts, and how he believes it should be viewed instead.
  2. Giving Is an Eternal Investment That Benefits Us Here and Now by Randy Alcorn. “One of the biggest misconceptions about giving is that the money we part with to help the needy or to spread the gospel just disappears and is gone forever.” Randy Alcorn shows here that giving doesn’t just benefit the recipient, but the giver as well.
  3. Ask Chuck: How To Build Emergency Savings by Chuck Bentley. Building your emergency savings is an important step towards financial health, so here Chuck Bentley shows the key to saving more. He says, “Learning to be content with what we have allows us the opportunity to spend less and save more.”
  4. 4 Ways Churches Can Increase Generosity During Budget-Approval Season by Todd McMichen. “Many pastors tend not to gravitate towards numbers or hard conversations, but are drawn to people. So let’s turn the budget process into a people-building process.” Check out Todd McMichen’s suggestions for how to leverage budget-approval season for cultivating generosity in your church.
  5. How to Stay Calm During a Market Fluctuation by Emily Guy Birken. Market fluctuations are inevitable. Emily Guy Birken says “If you’re tempted to cut your losses when you hear gloom-and-doom financial predictions, it’s especially important to learn how to keep your cool.” Keep reading for her suggestions on how you can stay calm during a market fluctuation.

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