Fast Wednesdays, March 21, 2012 — Planning and Perseverance (Financially)

Greetings my beloved family and friends!

Today’s topic grabbed me and would not let go but it came late so I was almost not going to go with it. However, that would defeat one of my on-going goals for Fast Wednesdays which is to create the topics out of how the spirit is moving, the feedback you are giving to me and various other areas of discernment…so here we go on financial planning and perseverance.

I have heard how some of you young ladies especially are struggling financially and some even from pay check to pay check. Well, do not despair as unfortunately, this seems to be the AMERICAN way for many right now. However, I’m here to tell you that if you just hold on, persevere and be obedient with your giving back to God and others you will have financial breakthrough beyond anything you ever thought or imagined…its happened to me, several times … lol!

I was a single mother at 17! I use to be on welfare! I’m disclosing this information as I believe it will truly help you young ladies, if its TMI (too much information) or even if its not, let me know. The point of the matter is, that through experiences, adversities, challenges and other desperate measures, I am self-taught about finances with a whole lot of reading, practice, training, classes, study, observations, and instructions thrown, in to measure. At the end of the day, I have been through all types of financial seasons but I know that the bad ones, especially, never last forever!

When you’re going through such a season, you will probably want to plan ways you can manage your finances differently or add on additional ways. I recommend FIRST pray and then think about obtaining multiple revenue streams. I had been doing this for most of my life but just never gave it a name until I heard Bishop T. D. Jakes talk about it in the mid-90s. For instance, I use to clean houses for family and friends up until I moved down here to FL in 2006…it was extremely therapeutic for me and I did it many times as a gesture of love but other times for income even though I worked at “IBM” as I was able to lose my PRIDE, another topic for another day, for sure or I would babysit for others or take your hobby and do something with it like start taking pictures and become the “paid photographer!”

I shared with many of you that this week I made the AVON President’s club with my sales for the 2011/2012 campaign cycle! FYI, I started out this “revenue stream” when I moved to FL in 2006. Its was a way to meet people, I like the various products thanks to my beloved AVON rep in Stamford, CT, its a part-time job of sorts and now I’m so excited about my success. One of the reasons I am excited about this accomplish is that I was always shy growing up even though I tried to appear “cool.” I was a people pleaser but now I am a GOD pleaser…I also gained a boat load of skills that I am using and practicing as a result of this endeavor!

I am only stating and sharing so that hopefully, this encourages you to hang in there…!


noun 1. Steady persistence in a course of action, a purpose, a state, etc., especially in spite of difficulties, obstacles, or discouragement.

Remember financial prosperity is not just $ and cents but its also love, joy, peace, etc…I have taken one scripture on prospering and looked at it in version translations to bring that fact home about prosperity being more than money:

Numbers 6:26

New King James Version (NKJV)26 The Lord lift up His countenance upon you, And give you peace.”’

Numbers 6:26

Contemporary English Version (CEV)26May the LORD be good to you and give you peace.”

Numbers 6:26

The Message (MSG)26 God look you full in the face and make you prosper.

Here’s Five Ultimate Money Tips from Suze Orman (out of April 2012 Ebony magazine and many from her new book The Money Class):

1) Stand in your Truth – In many African American families, when one person starts to succeed and starts to make money, he or she tends to want to give money to relatives. The problem with that is….

2) Live Below your Means but Within your Needs – Stop spending money you don’t have to please people you don’t like, Orman says, explaining what it means to find financial balance. “Below your means’ is making a commitment not to spend every last dollar you take home. ‘Within your needs’ requires that you make a clear-eyed assessment of what exactly you are in that category.'”

3) Face it or Erase it – Orman suggests facing your financial situation head-on. This means knowing how much you make, how much you owe and to whom you owe it.

4) Talk About how much Money you’re Making – Discussing how much you make brings about healthy dialogue and confidence to ask for raises or other monetary benefits. “Rather than operating this this secret, silent tomb of money…start to give a voice to who we are and what we have. Sometimes you are being so underpaid for the job you are doing. Someone who’s sitting in the cube next to you could be doing half the work and making twice as much and you don’t know that because we don’t talk about money.” (I know this one may be dangerous but I recall when I did work with two women who made MUCH more than me and worked MUCH less…so many lessons learned at that time)!

5) Beware of Quick Financial Fixes – Orman says that many quick fixes, such as pay day loans, aren’t just loans that accumulate interest; instead, they roll over every 30 days and become new loans. For this reason, she say’s its better to stop the costly cycle before it begins. “Your payday loan outlet has got to be x-ed out of your financial options. If you are in a situation where you have a bill that you need to pay, it is better not to pay the bill at all than to take a payday loan to pay it.”

Here’s some principles I pulled out of a Black Enterprise magazine article on “Wealth for Life,” February, 2012:

10 Wealth for Life Principles:
1)   I will live within my means.
2)   I will maximize my income potential through education and training.
3)   I will effectively manage my budget, credit, debt, and tax obligations.
4)   I will tithe 10% and invest at least 10% of my income.*
5)   I will use home ownership as a foundation for building wealth.
6)   I will devise an investment plan for my retirement needs and children’s education.
7)   I will ensure that my entire family adheres to sensible money management principles.
8)   I will support the creation and growth of minority and women owned businesses.**
9)   I will guarantee my wealth is passed on to future generations through proper insurance and estate plannning.
10) I will strengthen my community through philanthropy.

Bodies & Spirits Prospering:
LENT (Let’s Eliminate Negative Thinking) — let us know how you’re doing periodically with your LENT challenge, if you took on one.

Here’s a link with some more recipes for LENT:

Financial Prayer: Father, we come to You, in the name of Jesus, concerning our financial situations. You are a very present help in trouble, and You are more than enough. Your Word declares that You shall supply all our need according to your riches in glory by Christ Jesus. Lord, our God, we shall remember that it is You who gives us power to get wealth, that you establish your covenant with us. We worship You only, and we will have no other gods before us. You are able to make all grace — every favor and earthly blessing — come to us in abundance, so that we are always, and in all circumstances, furnished in abundance for every good work and charitable donation. Amen… Scripture References: Psalm 56:1, Philippians 4:19, Deuteronomy 8:18-19, 2 Corinthians 9:8 (From Prayers that avail much in the Workplace by Germaine Copeland)

Love, Joy and Peace…Debra J Fuller Ellis

P.S. Weekly Tax Tip — Linda V. Archie-Tax Consultant |


Professional Tax & Accounting Services
Linda V. Archie-Tax Consultant
507 Palisade Avenue | Yonkers, NY 10703 | (914) 347-7806 | Fax (914) 345-2493 | |
There’s Still Time to Fund Your IRA
Remember you have until you file your tax return to make a contribution to a Traditional IRA or Roth IRA for the 2011 tax year.  The annual contribution amount is $5,000 or $6,000 (if you are age 50 or over).  Prior to making the contribution you will want to make sure your modified adjusted gross income (MAGI) does not exceed the income thresholds.  The limits are:
How does the phase-out work?
If your income is below the “full contribution” amount noted above, you can contribute up to the maximum annual contribution. But what if your income falls between these ranges? Then how much can you contribute?
1. Subtract your income from the higher (phase-out complete) amount to get your contribution income potential.
2. Next calculate the phase out range.
3. Divide your contribution income potential by the phase-out range.
4. Take the result times your maximum annual contribution amount.
Example:  Roth IRA contribution limit for a single person, age 40 with MAGI of $112,000; $10,000 contribution income potential (122,000-112,000);  divided by phase-out range of $15,000 ($122,000 – 107,000);  10,000/15,000= .666  x  $5,000 = $3,300 2011 ROTH IRA contribution limit. Rounding rules apply.
If it’s too late for you to make a 2011 contribution, it’s not too late to plan for 2012. Here are the limits for 2012.
A final thought: If your income is too high to take advantage of these IRAs you can always make a non-deductible contribution to an IRA.  While the contributions are not tax-deferred, the earnings are not taxed until they are withdrawn.
Published: 2012-03-02 12:45:59
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Reminder & for those of you just joining us either by contacting me or I personally added you: The purpose of Fast Wednesdays is to draw near to God on this specific day of the week fasting and praying in whatever manner the Holy Spirit is leading you as sisters in Christ…some have fasted from social media, coffee, or observed a traditional fast with no eating from sunrise to sunset with only liquids for the day, no deserts, etc. I know many of us for various reasons participate every week but in different manners. This has still been beneficial and the sisterhood continues to grow!

The key ingredient is that we are doing this together as sisters, of all ages, in the Lord both chronologically and spiritually in accordance to: Titus 2 — A God-Filled Life 3-5Guide older women into lives of reverence so they end up as neither gossips nor drunks, but models of goodness. By looking at them, the younger women will know how to love their husbands and children, be virtuous and pure, keep a good house, be good wives. We don’t want anyone looking down on God’s Message because of their behavior.

Note: Please share Fast Wednesdays with your friends and/or send me names to add to the distribution list. For now, I will post in three places: email (, Facebook (Debra Fuller Ellis) and blog


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