Why This Financial Expert Feels That Time and Lack of Faith Limit Women of Faith From Establishing Generational Wealth
In the face of repeated economic oppression, it may be difficult to believe things will change. Because of this, we often lack faith that God is stronger and bigger than the world’s system. For this reason, Financial expert Tiffany McCormick feels that time and lack of faith limit women of faith from establishing generational wealth.
“Time is one barrier because many women of faith have so much going on between work, family, and church that they don’t have the time to be intentional about investing,” she says. “They barely make sure they’re budgeting properly and keeping themselves sane from all the societal pressures.” Tiffany points out that generational wealth has to come from somewhere, so if it’s not set up already for you, you’re less likely to experience it, but you can create it so that those who come after you can.
“We also have to have faith that God can use the world’s system to bring us generational wealth and He can also operate outside of it supernaturally.” From experience, Tiffany knows there’s nothing impossible for God. In an effort to inspire those in a season of doubt to see what God has been and will continue to do for them no matter where they are on their journey, she authored her first book, Why Didn’t It Work?: Help for Christians Who are Struggling with Their Faith. Tiffany shares her struggle with why the promises of the Bible weren’t being fulfilled in her life consistently and how she used prayers, scriptures, lessons, and practical steps to overcome it.
I asked Tiffany what led her to discover her gift for explaining the economy and finance in a simple and easy-to-understand manner. She begins by sharing that one of her strong suits has always been math. “I have my B.S. in Applied Mathematics with an economics minor from GaTech,” she says proudly. Tiffany recalls how her friends and other students asked her to tutor them while she was in school. She was able to simplify and explain topics in a simple way. While on her corporate job in revenue management and pricing optimization, she was often asked to train new hires or teach other departments what her team does and how. Tiffany realized that she was good at explaining complex topics. “I recognize that God is the one who gave me this gift, and when I asked Him about it, He told me to teach His people. Now, my focus is applying that gift to the area I’m passionate about (finance and economics) and helping God’s people because I feel like I’ve been assigned to do that.”
Tiffany loves sharing her knowledge, so she hosts financial literacy programs. She gets excited when she can use her God-given gifts to teach and talk about the economy and finances in a simple and easy-to-understand way that helps people learn what to do and start having conversations about generational wealth and investing God’s way.
“Investing God’s way looks like seeking God to create your investment portfolio and lead your investing decisions,” Tiffany says when we asked her what investing God’s way looks like. “It takes time and practice and most people need help doing that which is why I’m starting a program in Q4 of 2023 that will help people get both revelation and revenue to grow and protect their wealth.” She continues, “In Ecclesiastes 7:12 (KJV), it says, “For wisdom is a defence, as money is a defence: but the excellency of knowledge is, that wisdom giveth life to them that have it.” You have to have the literacy, or excellency of knowledge, to go along with the money! If you don’t have the money, literacy will still position you where you need to be.”
Tiffany advises the following to help families prepare financially for the spring and summer months:
- Remember the ant in Proverbs 6:6-11 he labors and prepares in the summer for the upcoming harvest.
- Do financial spring cleaning. You should review and adjust your budget quarterly or semi-annually. For example, in the summer, there’s no school, summer vacations, and other expenses that all need to be accounted for in an updated budget. It should also include some amount of inflation increase because if you have a flat budget, then when prices go up, you’re not prepared and protected.
- Stick to the budget!
- Look for free activities or bartering opportunities where you can. For example, if you know busy parents, ask them if you can take their kids with your kids to the park or on an outing if they pay for the admission for your children and there’s. Don’t underestimate how much a few hours without the children is worth to others. Many hands make light work! Look for opportunities to partner with other families. If multiple families come together and split the bill, it could be cheaper than everyone renting their own hotel.
- Check if you’re on track to reach your financial goals for the year (if you have them) and start making changes now; small changes now are easier than having to make large or drastic changes later.
- Pray and ask God to show you if there is anything that’s a hole in your pocket where it doesn’t matter how much money is coming in; it is constantly draining your resources.
Toward the end of our conversation, I asked the wife, mother, real estate investor, financial expert, Grand Slam Pizza owner in Kennesaw, and author if there were anything else she would like to share. “If I were to distill everything into 1 point, it would be to keep loving God. He will grace us, show us mercy, equip us, send people to help us, and truly light our path. We need to put on the whole armor of God, set our face like flint, and finish the race!”
Connect with Tiffany on IG @theFamilyEconomicsTeacher to stay connected and up to date with programs, free webinars, etc.
