Ron Blue Financial Wisdom Assignment

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• Using the Ron Blue Institute 4H (Heart, Health, Habits, Hope) model of financial wisdom, express the biblical view of money and financial resources based on your interpretation of the scriptures. This view should address the Heart issues of stewardship, contentment, faith, and wisdom. Next, compare this view with the general societal view towards money and riches. Use at least one reference to portray and document the societal view of monetary resources. Finally, express your personal view of money, how it influences your life/behavior regarding decisions in your life, and how both biblical principles and societal viewpoints affect your view. You should use specific examples on how choices in life are affected.
• Develop a spreadsheet and produce a pie chart that illustrates your expected financial situation (the Health issue) upon graduation from Liberty. The spreadsheet data should include your projected income and expenses and should be organized to support the pie chart output in the five sectors in the 4H model (Living, Giving, Growing, Owing (Taxes), and Owing (Debt)). You will need to research cost of living expenses for the location where you plan to live. Make sure to include rent/mortgage, utilities, transportation, food, and miscellaneous expenses in your model. Once the financial model has been constructed,
• Based on the results of sections 1) and 2) above, address the issues of Habit and Hope. What life changes need to be implemented now? What infrastructure needs to be put in place to prepare for your financial future? How will your faith and trust in God be tested? What does that say about your spiritual walk?

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perform some ‘what-if’ analysis to evaluate the impact on each of the pie segments if a variable turns out to be substantially different from the base assumptions. For example, what if your actual income is 10% more or less than your projected value? What if actual health care expenses are significantly different that budgeted? What if you buy a 5-year used car rather than a brand new Tesla?

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Requirements:

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Paper should be 3-4 pages in length, APA formatting, double spaced, 12-point font, and 1”

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margins submitted by due date posted.