Most Important Personal Finance Principle

Discover the single most important personal finance principle. Perhaps you think it might be to live below your means. Although that is certainly important to a healthy personal financial life, it’s not the most important. It’s not to get out of debt either. In fact, I have trainings on why debt can be good! It’s also not to pay yourself first or even to own your own business, although those two are both quite important too. Nor is it to invest in real estate even though you may have thought that I would said that. No, the most important personal finance principle is…



  1. alton jones says

    love this video. RIGHT ON

  2. Doug Truax says

    Great video. Very encouraging.

  3. Thank you, Phil for confirming this for me. I am a Christian, I know about tithing but my husband and I have been struggling with the idea of of giving 10% solely to our church. Reason is bc we have some family members that are less fortunate than us and we help them out financially every month. In your opinion, does that count as tithing if we give 5% to church and spread out the other 5% between other people?

  4. wayne crowder says

    Love it



    I don’t always agree with what you say and I do not agree with the debt part but as far as the giving or tithing you are right on. The rest will fall into place when we do this first. If you do not give your tithe first God can not bless the rest. God Bless you and your business.


  6. Carolyn Sparks says

    Exceptional thanks

  7. Thank you for this message 🙂

  8. Rudy Barrios says

    Wow Phill that is great news I love your videos but this one is amazing , thanks for sharing and may God bless you always.

  9. I was a fan before, but now I’m a super fan. 🙂 It makes me trust you all the more to know you serve the Lord. Thank you!

  10. Fred Carlyle says


    The Truth!

  11. Mark Monroy says

    Awesome. It all comes down to obedience and faith. Thanks for this video!

  12. Kathleen Kernstock says

    Thank you so much! It’s so important, and vital to get our priorities in God’s order: 1. Serving the Lord and serving others with time and money; 2. Live below your means; 3. Get Out Of Debt; 4. everything else. Now that I know you are the real deal, no fakery going on, I can listen to your advice with confidence. I would like to know how you set up Orlando Serves as I would like to see something similar in my community. It is needed. Thank you again, you are truly appreciated.

  13. Right on Brother! I see why you have been Blessed.

  14. Juan Morgan says

    Thanks for the video. You are following the example set in the bible for all of us. Good job.

  15. Best video of yours to date. Awesome message. Great principle to live by.
    Returning vs giving. Something to remember.

  16. Fred Wilson says

    Hi Phil,
    Great video… makes a lot of sense!

  17. Elliott Hamrick says

    At CROSS (see link below) they literally said the same thing Phil is saying here. Our wealth development is intended for the advancement of God’s Kingdom so that people can experience the true “wealth of nations” Jesus Christ (Isa 60:5). #ServantMissionaries #GreatCommissionMinistry

  18. My favorite video so far. Excellent, true advice!

    Thank you!

  19. Mike Dahlkoetter says

    I enjoyed your sharing. My son is homeless in Texas and due to state surtaxes he can not renew his drivers license Do you know of an organization in Texas like Serve Foundation in Orlando or He go up event?

  20. U r 100% right, Soto rise you don’t contribute to :
    World Vision, I began in 1974 sponsoring 1 child, have a few now, they have the best return of $, around 87% goes directly to child, look it up and keep the good work and thank you for serving our Lord

  21. Correction: “so why you don’t considering contributing to World Vision”

  22. Steve Little says

    Great teaching very inspiring to change our mindset thanks


  23. Great Video! God loves a cheerful giver! No Cosmic vending machines!

  24. Karl J K Knapp says

    Thank You for sharing this message!

  25. Phil, thank you for expressing your Christian values. It’s so much easier to just not mention the name of Jesus, but you have, even if it offends some of your audience. Stay faithful and keep up the great work!

  26. Great video, Phil and a great topic.
    I was mentored to tithe early in my life when I didn’t make that much money. Now it’s automatic no matter how much I make. However it’s only been later in my life that I’ve begun to see the other impacts that giving back can provide. So many worthy causes are limited by funding shortfalls. Let’s make them successful!

  27. This is your best video. Thank you so much for sharing!

  28. Phil, Phil, Phil !!!!! You’ve got me. I’ve been on the sidelines for more than 2 yrs watching your videos. I’ve been to RE bootcamp, Online Trading bootcamp looking for a mentor and was still undecided which path to take in my life. Today once I saw the title of your email I readily knew the answer to it.
    Professionally christians usually hide who we are, forgetting that the Bible says “It is Him ( The Lord) who gives us strength to get wealth”.
    I thank the Holy Spirit for revealing me today who my mentor should be.
    The rich people out there understand the principle without knowing its source. But we in the church complain about not being blessed. As my pastor always say “the Lord pours his rain on the wicked and on the just”. It’s up to us to follow the principle and reap the rewards found in Luke 6:38.

  29. Phil, Great video! I am not one of those Crazy rich like you may think all your readers are, but I will agree on this and plan to return to tithing at least 10%.

  30. Tina Lemberger says

    I love this message! So glad you shared your heart!

  31. Nathan Whittaker says

    Loved it. Here are additional verses of scripture supporting your message.

    20 I say unto you, my brethren, that if you should render all the thanks and praise which your whole soul has power to possess, to that God who has created you, and has kept and preserved you, and has caused that ye should rejoice, and has granted that ye should live in peace one with another—

    21 I say unto you that if ye should serve him who has created you from the beginning, and is preserving you from day to day, by lending you breath, that ye may live and move and do according to your own will, and even supporting you from one moment to another—I say, if ye should serve him with all your whole souls yet ye would be unprofitable servants.

    22 And behold, all that he requires of you is to keep his commandments; and he has promised you that if ye would keep his commandments ye should prosper in the land; and he never doth vary from that which he hath said; therefore, if ye do keep his commandments he doth bless you and prosper you.

    23 And now, in the first place, he hath created you, and granted unto you your lives, for which ye are indebted unto him.

    24 And secondly, he doth require that ye should do as he hath commanded you; for which if ye do, he doth immediately bless you; and therefore he hath paid you. And ye are still indebted unto him, and are, and will be, forever and ever; therefore, of what have ye to boast?

    25 And now I ask, can ye say aught of yourselves? I answer you, Nay. Ye cannot say that ye are even as much as the dust of the earth; yet ye were created of the dust of the earth; but behold, it belongeth to him who created you

    16 And also, ye yourselves will succor those that stand in need of your succor; ye will administer of your substance unto him that standeth in need; and ye will not suffer that the beggar putteth up his petition to you in vain, and turn him out to perish.

    17 Perhaps thou shalt say: The man has brought upon himself his misery; therefore I will stay my hand, and will not give unto him of my food, nor impart unto him of my substance that he may not suffer, for his punishments are just—

    18 But I say unto you, O man, whosoever doeth this the same hath great cause to repent; and except he repenteth of that which he hath done he perisheth forever, and hath no interest in the kingdom of God.

    19 For behold, are we not all beggars? Do we not all depend upon the same Being, even God, for all the substance which we have, for both food and raiment, and for gold, and for silver, and for all the riches which we have of every kind?

    20 And behold, even at this time, ye have been calling on his name, and begging for a remission of your sins. And has he suffered that ye have begged in vain? Nay; he has poured out his Spirit upon you, and has caused that your hearts should be filled with joy, and has caused that your mouths should be stopped that ye could not find utterance, so exceedingly great was your joy.

    21 And now, if God, who has created you, on whom you are dependent for your lives and for all that ye have and are, doth grant unto you whatsoever ye ask that is right, in faith, believing that ye shall receive, O then, how ye ought to impart of the substance that ye have one to another.

    22 And if ye judge the man who putteth up his petition to you for your substance that he perish not, and condemn him, how much more just will be your condemnation for withholding your substance, which doth not belong to you but to God, to whom also your life belongeth; and yet ye put up no petition, nor repent of the thing which thou hast done.

    23 I say unto you, wo be unto that man, for his substance shall perish with him; and now, I say these things unto those who are rich as pertaining to the things of this world.

    24 And again, I say unto the poor, ye who have not and yet have sufficient, that ye remain from day to day; I mean all you who deny the beggar, because ye have not; I would that ye say in your hearts that: I give not because I have not, but if I had I would give.

    25 And now, if ye say this in your hearts ye remain guiltless, otherwise ye are condemned; and your condemnation is just for ye covet that which ye have not received.

    26 And now, for the sake of these things which I have spoken unto you—that is, for the sake of retaining a remission of your sins from day to day, that ye may walk guiltless before God—I would that ye should impart of your substance to the poor, every man according to that which he hath, such as feeding the hungry, clothing the naked, visiting the sick and administering to their relief, both spiritually and temporally, according to their wants.

    27 And see that all these things are done in wisdom and order; for it is not requisite that a man should run faster than he has strength. And again, it is expedient that he should be diligent, that thereby he might win the prize; therefore, all things must be done in order.

  32. Farouk Morales says

    Thank you

  33. Sherita Cotten says

    We are blessed to be a blessing!!!!

  34. great message and definantly touches the heart. Not what I expected. God is using you to challenge my giving. Amen. Thank you.

  35. Christine H Gallardo says

    Thank you for sharing the importance of giving back. God bless u.

  36. He is 100% right, it doesnt make sense in the natural,l but Heaven overrules. 12 Years ago I was unemployed, I went Bankrupt twice if thats even possible, my Truck was repossesed, surrendered my home to the bank and was forced to rent and couldnt pay the landlord, there was no end. My life didnt work and that was just the symptom, I had bigger turmoil in my heart and mind and just being broke was only one way it would become evident. I was angry, violent, foul, etc. I would also add I was aconvicted felon, and there was a full-blown recession when this all started and I have no degree. In the natural, it wasnt looking good for me.

    I asked God one day when it hit critical mass, to help me live right and live for him, to forgive me of my sins. I also started tithing in that season of my life because I was going to to this God thing all the way, not just on the parts I liked and skip over the hard parts. I still tithe to this day and know it’s been all the difference. God gave me back everything I lost, I now support a family with 4 drivers and we can pay for all 4 cars no problem, me and my wife made around $200K this year. I still work very hard but God made me smarter than my peers in my profession, opened doors no man could have opened, promoted me 3 times, taught me to work and made things last, steered me out of disasters and taught me how to be responsible so this money would not destroy me. Jesus spoke to us about money more than just about any other issue that could make or break someones life and the hold it can have on our heart. When we master it, he can trust us with more the Bible says. Giving was the gasoline to the match stick.

  37. Helder Sitoe says

    Thank you so much Phil for reminding us this challenge which God as made to us in Malachi. 3.10 Bring the whole tithe into the storehouse, that there may be food in my house, and test me now in this, ” says Yahweh of Armies,” if I will not open you the windows of heaven, and pour you out a blessing, that there will not be room enough for.

  38. A very important truth Phil. thanks for the reminder!
    I actually began my own initiative to support people. it really pays in different abundant ways.

  39. Thank you Phil,

    I did ask God to give me a sign if I should help a dog with a infection ?
    I don’t have a lot today, but the owner can not go to the vet now.
    This is my answer from God your video.
    You don’t know how important is for me that sign.

  40. Jason Y. says

    Phil, after this video, and watching you for some time, I am ready to apply to the apprentice program. However, I am receiving a server/IP error and your site is not letting me submit my application. Thanks.

  41. Thanks Phil
    Awesome stuff!

  42. Phil,
    I admire you for speaking up and putting this into the right perspective. Many will get it! Right is right! Thank you!

  43. Vincent Brown says

    Special Olympus Of Florida, is a great place to give back.

  44. Edna Reyes says

    I love it, love it, love it! I agree 100% and He is our ultimate Provider! So glad you are representing in this way!

  45. Preach Phil!
    I’ve never heard anyone in the business world speak on tithing like you with such boldness! And as a Christian I know it works great job!

  46. Hapsai George says

    wow…great video
    Thanks Phil, My the great fun for years..
    still learning

  47. Daniela Fora says

    Thank you for spreading the word of God while you teach us the principles of life and business.

  48. Raymond Jensen says

    Thanks, Phil. Be as wise in investing Gods money as you are with your own.

  49. Donna Jo says

    Phil, I remember my poor financial time. I was raising 4 sons as a single mom . I volunteer in the BSA scouting program for 14 years producing 2 eagle scouts. During that time, I received money, clothes and jobs from family and friends.Presently, I am in the real estate business. I give meals to my workers and take off the animal fee at Christmas time to my renters. Giving is fun to do. The joy on peoples faces is worth it. Thank you for your videos. Your knowledge on this business has help me in so many ways. That is a gift too.

  50. Craig Pfeffer says

    Awesome video Phil. I’ve been a Christian almost my entire life. However, it was not until I started tithing to my local church that my business and personal finances really turned around in a wonderful way. I plan to continue tithing the rest on my life to my local church and anything beyond the 10% to preferred charities. God owns everything and everyone on earth. “The earth is the Lord’s, and everything in it, the world, and all who live in it” Psalms 24:1. God loves a generous person. “One man gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous man will prosper; he who refreshes others will himself be refreshed”. Proverbs 11:24-25. Thanks for sharing Phil.

  51. Thank you Phil, a beautiful and perfect reminder.

  52. Amen. In this Blessed month of Ramadhan, be generous.

  53. Thanks, Phil. I needed this.

  54. Janie Belle says

    Great video, I believe 100% in tithing. Really enjoyed this presentation , putting first things first.

  55. Thank you Phil!

    Once i truly learned to be a chearful giver.. I have more than once had to ask God to stop giving to me so much..
    I did not have the capacity to bear it!!!

    Also for those reading; its ok to let God help you learn to help others around you as your led by the Holy Spirit. Let Him be your teacher and guide.

    Currently im recovering from a brain and spine injury 13 years later…
    I finally realize all good things come from God. We are stewards as Phil said. Good or bad we are stewards.

    I agree with Mark.
    It all comes down to obedience and faith(in Jesus, for everything!- complete surrender)
    Much easier said than done, but trust Jesus. He will help and be with you every step of the way.
    And there will be many hard times ahead. But trust in Him for life and you will not regret it. He will never leave you or forsake you!!!

    Thank you and Happy Giving:)

    P.S. the more of Gods love you have for others; the easier it is to give.
    And the rewards are truly out of this world. Be a cheerful giver.
    And try to do a fair share of giving in private. And God will reward you openly! He sees what you do.

    What an amazingly awesome subject!
    I dare you all to trust God in this one thing. Now when He keeps His promise. Be prepared to trust and obey Him/ seek His Face and live for Him. He has more amazing things planed for you than you can imagine!
    In every part of your life!
    Trust Him. Surender to Him.
    Embrace your destiny; obey Him and seek His Face!

    Thank you God for using Phil to remind me to keep giving!!!
    Thank you Phil for being obedient to God and sharing about giving!

    This all might seem a bit heavy to some but just test what the Bible says about testing God with giving.
    God never lies. Hes always faithful and He’s waiting for you..

    Love Always,


    Dont forget to thank the one who kept His word about your chearful giving. All Mighty God/ your loving Creator
    I noticed being truly thankful and greatful to God for all He does for you and those around you..seems to compound all the many blessings!

    Love never fails!!!

  56. Sequoya Dudley says

    This is investing in the only thing that you can take beyond this world; your heavenly future. Great video Phil, you are one of the rare few who is truly an honorable person. This is very different than most of the Youtubers, Instagramers, etc. in this modern society who preach excess, selfishness, and self-absorption. Great video and inspiring story at the end.
    Not saying this to brag but to encourage and spread the good word. There is an organization which was founded by David Wilkerson, an amazing pastor similar to Billy Graham, called World Vision. They donate to disaster relief, missionary work, installing fresh water wells, and feeding families in underdeveloped countries. This is another avenue to tithe.
    Thank you for your inspirational videos Phil; you are a good man.

  57. Linda Simpson says

    Thank you for speaking for our Lord He does bless when u give!

  58. Tran Eyee says

    How do I get started to do what you do? So may people promise to make me rich but they only want my name and email. Tell me how to know who is real. Thanks

  59. JDMaguire says

    PRAISE GOD!!! I love you!!! You are so cool, right on, knowledgeable, FUN and easy to listen to you.
    Thank you for your time teaching us.. YOU ROCK!!!!

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