What 7 Pillars Stands For

Proverbs 9:1 inspired my choice of the name “7 Pillars” for my financial coaching business. The verse says, “Wisdom has built her house on seven pillars.” I wanted to convey my desire to help people build their “financial houses” with wisdom. Each of these seven “pillars” will support your financial peace of mind, both personally and in your business.

P – Planning
“If you fail to plan, you are planning to fail!” It is important to have a spending plan (a budget), a savings plan, and a debt reduction plan if you want to succeed financially.

I – Integrity
Always tell the truth – first to yourself, then to your spouse, customers, and business partners. You can’t be in denial about your spending habits, debt, or lack of savings and prosper financially.

L – Legacy
What are you leaving behind? You should aim for a both a fortune and a good example! What are you giving now to others, both in terms of your time and your money? “The generous will prosper; those who refresh others will themselves be refreshed.” ~ Proverbs 11:25

L – Learning
Strive to be a life-long learner. Are you better today than you were yesterday? Do you know more today than you did yesterday? If not, you are falling behind! You should spend some time every day learning, and that includes learning how to handle money better. Don’t depend on others to make your financial decisions for you. Gather information then make a decision that is a product of your own conclusion. Don’t be mentally lazy. Read, read, read! Leaders are readers.

A – Advice
Wise advisors are the key to success. The people you associate with have a big influence on who you are and where you are going. Make an effort to spend time with people who can teach you something and encourage you to be a better person.

R – Responsibility
Don’t make excuses. Being responsible means living on less than what you make, saving, and avoiding debt. Take responsibility for your success and prosperity, because no one else will!

S – Saving
Saving money provides a cushion between you and life, because we all know that life happens! We save for purchases, emergencies, and long-term goals. When you have money saved it gives you security and peace of mind.

If you keep these things in mind when you are making decisions regarding your money and your business, you will be operating with wisdom!