How Do I Prepare My Family for Wealth?
TRADEway • December 10, 2019
Statistics have shown that an estimated 70 percent of lottery winners end up going bankrupt within the first 3 - 5 years. Many people think they would not encounter the same issues if they were to become wealthy. At TRADEway, we don’t support the idea of gambling, but we do support our students in learning how to build wealth. Often times our students want to know how they can prepare themselves and their families for becoming wealthy. There are four main principles that are important to learn before building wealth:
Wealth is a privilege, not a right
Wealth is not something that everyone has a right to. People have the right to pursue it. They have the right to go out and try to gain wealth, but they don't just receive wealth as a right for existing. Because wealth is something people must earn, we should be thankful when we receive that blessing. Deuteronomy tells us that we shall remember our Lord, because it is He that gives us the ability to create wealth. Therefore, anytime we're creating wealth, we should be thinking of Christ.
Wealth has the power to magnify.
If you are a generous person, you have the ability to be more generous when you have wealth, therefore it will amplify the things that are in your heart. Likewise, if you are a greedy person, your greed will be magnified when you have more with which to be greedy. It is important to understand that money doesn't “corrupt” people, it compounds what is already in their hearts. That is why it is important to keep your mind and heart focused on the things of God.
Wealth is fleeting.
Wealth is not always permanent. We see this in the stories of many people in the Bible: Joseph, who had to store up for seven years in order to be prepared for seven years of famine; Job, whose wealth was taken from him, but the Lord brought it back. It comes in seasons; there is an ebb and flow to wealth. We should strive to use our money wisely while we are able.
There is a purpose for wealth.
Money is meant to be used as a means to provide for our family. The Bible tells us that if we have not provided for our family, we have denied the faith and we are worse than an infidel. God takes that very seriously. The Bible also says we are supposed to be risk-takers with our money. That means we should use our money to make more money. As we create a profit, we should then use our money to be joyful givers. We should give it to those who are less fortunate. Another way many people do not realize that money should be used is for fun. Those who are wealthy and using money the way God intended should also enjoy the blessings they have been given.
When you build wealth the proper way and manage it according to Biblical principles, you have the ability to make a lasting impact on your own life and the lives of others.
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๐ธ Start watching our free masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass What if I told you that the Bible teaches that you can use debt to get out of poverty? Today I want to take on the question “Is it okay to take on debt as a Christian?” Now debt is obviously a big topic, and people tend to have a lot of opinions about it. My hope is that I’m able to bring some Biblical clarity to the issue and offer some things for you to think about. Let’s get into it.
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๐ธ Start watching our free masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass What if I told you that the Bible teaches that you can use debt to get out of poverty? Today I want to take on the question “Is it okay to take on debt as a Christian?” Now debt is obviously a big topic, and people tend to have a lot of opinions about it. My hope is that I’m able to bring some Biblical clarity to the issue and offer some things for you to think about. Let’s get into it.
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By Ben Mitchell
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๐ Schedule your personalized consultation with a TRADEway strategist now at tradeway.com/start What does it mean for TRADEway to be a faith-based stock market education company? We started our company with a specific audience in mind–God’s people–to equip them with decades worth of knowledge and experience in the business world so that they too could go out and make a difference. Because let’s face it–it’s going to take some money to build a Christian culture and expand God’s kingdom. Remember, God works through means. And you–my brothers and sisters–are the means that he uses to make these things happen. The Lord wants us to thrive financially. We see this throughout scripture. And so what better place to go than to His word as our guide.
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Let’s talk about the three main ways people sabotage their trading success. You can be doing all the right things, but if you have these three bad habits, your trades won’t work nearly as well as they should. I’m also going to be sharing one of the secrets–really one of the master keys ๐–to success in trading.
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June 30, 2025
๐ธ Start watching our free masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass What if I told you that the Bible teaches that you can use debt to get out of poverty? Today I want to take on the question “Is it okay to take on debt as a Christian?” Now debt is obviously a big topic, and people tend to have a lot of opinions about it. My hope is that I’m able to bring some Biblical clarity to the issue and offer some things for you to think about. Let’s get into it.
By Ben Mitchell
•
June 30, 2025
๐ธ Start watching our free masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass What if I told you that the Bible teaches that you can use debt to get out of poverty? Today I want to take on the question “Is it okay to take on debt as a Christian?” Now debt is obviously a big topic, and people tend to have a lot of opinions about it. My hope is that I’m able to bring some Biblical clarity to the issue and offer some things for you to think about. Let’s get into it.
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๐ Schedule your personalized consultation with a TRADEway strategist now at tradeway.com/start What does it mean for TRADEway to be a faith-based stock market education company? We started our company with a specific audience in mind–God’s people–to equip them with decades worth of knowledge and experience in the business world so that they too could go out and make a difference. Because let’s face it–it’s going to take some money to build a Christian culture and expand God’s kingdom. Remember, God works through means. And you–my brothers and sisters–are the means that he uses to make these things happen. The Lord wants us to thrive financially. We see this throughout scripture. And so what better place to go than to His word as our guide.
By Ben Mitchell
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๐ Schedule your personalized consultation with a TRADEway strategist now at tradeway.com/start What does it mean for TRADEway to be a faith-based stock market education company? We started our company with a specific audience in mind–God’s people–to equip them with decades worth of knowledge and experience in the business world so that they too could go out and make a difference. Because let’s face it–it’s going to take some money to build a Christian culture and expand God’s kingdom. Remember, God works through means. And you–my brothers and sisters–are the means that he uses to make these things happen. The Lord wants us to thrive financially. We see this throughout scripture. And so what better place to go than to His word as our guide.
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If you’ve been struggling with your long-term savings goals, you’re not alone and I can help. It’s normal for your account to fluctuate with the markets, but overall, your account should be increasing each month. If it’s not, don’t panic. Just listen to this all the way through, because I’m about to reveal three unusual ways to potentially boost your long-term savings accounts.
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Let’s talk about the three main ways people sabotage their trading success. You can be doing all the right things, but if you have these three bad habits, your trades won’t work nearly as well as they should. I’m also going to be sharing one of the secrets–really one of the master keys ๐–to success in trading. Let’s get into it. ๐๏ธSubscribe to The Word on Investing Podcast wherever you get your podcasts.
By Blair Nightingale
•
June 2, 2025
Let’s talk about the three main ways people sabotage their trading success. You can be doing all the right things, but if you have these three bad habits, your trades won’t work nearly as well as they should. I’m also going to be sharing one of the secrets–really one of the master keys ๐–to success in trading.
By Ben Mitchell
•
June 30, 2025
๐ธ Start watching our free masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass What if I told you that the Bible teaches that you can use debt to get out of poverty? Today I want to take on the question “Is it okay to take on debt as a Christian?” Now debt is obviously a big topic, and people tend to have a lot of opinions about it. My hope is that I’m able to bring some Biblical clarity to the issue and offer some things for you to think about. Let’s get into it.
By Ben Mitchell
•
June 30, 2025
๐ธ Start watching our free masterclass - Stock Trading: The New Gold Rush: https://www.tradeway.com/masterclass What if I told you that the Bible teaches that you can use debt to get out of poverty? Today I want to take on the question “Is it okay to take on debt as a Christian?” Now debt is obviously a big topic, and people tend to have a lot of opinions about it. My hope is that I’m able to bring some Biblical clarity to the issue and offer some things for you to think about. Let’s get into it.
By Ben Mitchell
•
June 23, 2025
๐ Schedule your personalized consultation with a TRADEway strategist now at tradeway.com/start What does it mean for TRADEway to be a faith-based stock market education company? We started our company with a specific audience in mind–God’s people–to equip them with decades worth of knowledge and experience in the business world so that they too could go out and make a difference. Because let’s face it–it’s going to take some money to build a Christian culture and expand God’s kingdom. Remember, God works through means. And you–my brothers and sisters–are the means that he uses to make these things happen. The Lord wants us to thrive financially. We see this throughout scripture. And so what better place to go than to His word as our guide.
By Ben Mitchell
•
June 23, 2025
๐ Schedule your personalized consultation with a TRADEway strategist now at tradeway.com/start What does it mean for TRADEway to be a faith-based stock market education company? We started our company with a specific audience in mind–God’s people–to equip them with decades worth of knowledge and experience in the business world so that they too could go out and make a difference. Because let’s face it–it’s going to take some money to build a Christian culture and expand God’s kingdom. Remember, God works through means. And you–my brothers and sisters–are the means that he uses to make these things happen. The Lord wants us to thrive financially. We see this throughout scripture. And so what better place to go than to His word as our guide.
By David Mitchell
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If you’ve been struggling with your long-term savings goals, you’re not alone and I can help. It’s normal for your account to fluctuate with the markets, but overall, your account should be increasing each month. If it’s not, don’t panic. Just listen to this all the way through, because I’m about to reveal three unusual ways to potentially boost your long-term savings accounts.
By David Mitchell
•
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If you’ve been struggling with your long-term savings goals, you’re not alone and I can help. It’s normal for your account to fluctuate with the markets, but overall, your account should be increasing each month. If it’s not, don’t panic. Just listen to this all the way through, because I’m about to reveal three unusual ways to potentially boost your long-term savings accounts.
By David Mitchell
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Experienced traders know this: Sometimes trades go against you. It’s going to happen. And it’s normal. But here’s the thing you need to know: You only need to get 5 or 6 trades out of 10 right to win in order to be profitable, and to have the potential to change your life financially. The key to becoming profitable isn’t to have every trade go perfectly. It’s to win big and lose small. And a good rule of thumb to shoot for is making a 30%+ return on a trade when it works, and only losing 8-10% at the most if the trade doesn’t work. If you want to learn more about how to maximize your gains and minimize your losses, join us for the next Unlock the Stock Market Challenge, where we’ll teach you the foundations of trading in just five days.
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Experienced traders know this: Sometimes trades go against you. It’s going to happen. And it’s normal. But here’s the thing you need to know: You only need to get 5 or 6 trades out of 10 right in order to be profitable, and to have the potential to change your life financially. The key to becoming profitable isn’t to have every trade go perfectly. They key to becoming profitable is to win big and lose small. And a good rule of thumb to shoot for is making a 30%+ return on a trade when it works, and only losing 8-10% at the most if the trade doesn’t work. If you want to learn more about how to maximize your gains and minimize your losses, join us for the next Unlock the Stock Market Challenge, where we’ll teach you the foundations of trading in just five days. ๏ปฟ
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Let’s talk about the three main ways people sabotage their trading success. You can be doing all the right things, but if you have these three bad habits, your trades won’t work nearly as well as they should. I’m also going to be sharing one of the secrets–really one of the master keys ๐–to success in trading. Let’s get into it. ๐๏ธSubscribe to The Word on Investing Podcast wherever you get your podcasts.
By Blair Nightingale
•
June 2, 2025
Let’s talk about the three main ways people sabotage their trading success. You can be doing all the right things, but if you have these three bad habits, your trades won’t work nearly as well as they should. I’m also going to be sharing one of the secrets–really one of the master keys ๐–to success in trading.