Entrepreneur Journal Entry #10 | 6/21/21 | Mecina Juhasz


This week's entry is focused Chapter 8 of the Launching Leaders book we have to read in class. Money should have a purpose. It shouldn't be the end goal, only a means to achieve the end goal. 

The book teaches the 5 following principles:

1)  Make sure whatever goals you have aligned with God's. Don't allow the desire for wealth to change you or make you forget God. Always remember that it is God who helped you to become who you are and to bring you to the success that you have. Remain humble and the Lord will continue to bless you. 

2) Know your context, what is the world like around you? The rules that applied to the economy thirty years ago may no longer apply to today. The world has different opportunities and different challenges than in the past. Learn from the lessons others have learned, and decide which ones will apply best to your current state. 

3) Be a good steward. The chapter tell the account of the three servants who were given talents from their master and were expected to double their wealth. It is pointed out that the faithful servants would have had to learn and fail a lot to make as much as they did. They used their resources and applied what they learned. 

4) Self-reliance. This is a principle taught in the church and when applied, brings peace in times of financial difficulty. There is a lot of worth in saving money in case of difficulties. 

5) Continuous learning. Seeking out a quality education, and learning from the best. Learning goes beyond school and a degree. It should be a lifestyle. 

Things I have learned:

 I want to learn as much as I can and be the best that I can be. To do that I need to focus on reading from the classics and the greats from history. Learning to think and reason for yourself is so so important.  

Things I am still learning:

I'm still "learning my context". I'm not sure what all is involved in the economy today, especially after covid. I have no idea what will work and what won't, and I suspect that the financial crisis isn't over. 

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