Building Wealth for Building the Kingdom by Devin D. Thorpe – Excerpt

Author Devin D. Thorpe
Devin D. Thorpe brings a broad perspective to financial planning, having owned and operated an investment-banking firm—which included an investment advisory business—and a mortgage brokerage and having served in a variety of corporate finance positions.
Presently, Devin serves as a business professor at South China University of Technology in Guangzhou, China on behalf of Brigham Young University’s Kennedy Center China Teachers program. Previously, he served as the Chief Financial Officer for the multinational company MonaVie, listed in Inc. Magazine’s 2009 Inc. 500 as the 18th fastest growing company in America and, at $834 million in revenue, the third largest company on the list.
Prior experience includes two years working on the staff of the U.S. Senate Banking Committee during Utah Senator Jake Garn’s tenure. He also served briefly in Utah State Government, working at USTAR under Governor Jon Huntsman.  He earned an MBA with focus in Finance and Accounting from Cornell University’s Johnson Graduate School of Management. He completed his undergraduate degree in finance at the University of Utah, where he later worked as an adjunct professor of finance. In 2006,
Devin was recognized by the David Eccles School of Business at the University of Utah as a Distinguished Alum. In the Church, Devin presently serves as a seminary teacher along with his wife, Gail. Previously, he served as a counselor in a stake presidency, a counselor in a bishopric, ward executive secretary, young men’s president, assistant scout master, three times as an assistant ward clerk, and in more elders quorum presidencies than he can count. Devin ran his first marathon in 2011, finishing in 4:35.

Links:
http://buildingwealthforbuildingthekingdom.com/
http://www.facebook.com/bw4bk
https://twitter.com/devinthorpe

Excerpt

But before ye seek for riches, seek ye for the kingdom of God.

And after ye have obtained a hope in Christ ye shall obtain riches, if ye seek them; and ye will seek them for the intent to do good—to clothe the naked, and to feed the hungry, and to liberate the captive, and administer relief to the sick and the afflicted.

– Jacob 2:18-19

LDS Motivation


This book has been written for those Latter-Day Saints (members of the Church of Jesus Christ of Latter-day Saints) who believe that it is more important to do good than to do well.  That is to say, it is written for you because you believe it is more important to raise a good family, attend to your Church duties, send your children on missions and pay tithing than it is for you to accumulate wealth.  You may, therefore, lack adequate financial planning.  The objective of this book is to help you to prepare financially to render any service that you may be called to give.

Brigham Young best expressed what has become the theme for this book.  He said, “If, by industrious habits and honorable dealings, you obtain thousands or millions, little or much, it is your duty to use all that is put in your possession, as judiciously as you have knowledge, to build up the Kingdom of God on the earth.”

What Brigham Young suggests is something akin to consecration.  The Church does not now require that we currently share all of our wealth directly with the Church or that we keep all things in common.  Instead, we live a preparatory law of tithing and the payment of offerings.  Beyond that, we give to the Church much of our free time.   We save and invest our money to prepare our children to enter life as contributing members of the Church.  We save and invest to send our children on missions and to serve missions ourselves.

This preparatory law is good preparation for living the higher law.  So much of our time, talents and resources are already dedicated directly to building the kingdom that to go to the next step of fully consecrating our assets and income to the Lord should become relatively simple.  It is not inappropriate to consider financial planning from the standpoint of preparing ourselves for living this higher law.

Building Wealth for Building the Kingdom
Building Wealth for Building the Kingdom is a simple, practical guide to help LDS families organize their personal financial plans to meet their unique goals. The book provides simple answers to questions like:
How much should I be saving each month for my son’s mission?
How much should I be saving each month for my children’s college education?
How can I save enough to be able to retire while I’m healthy enough to serve a mission?
Avoiding tips on pinching pennies, the book focuses on opportunities to save thousands or tens of thousands of dollars by making smart moves with big decisions, like home and car purchases.
Mormon families will appreciate the gospel-centered, scripture-based focus on putting tithing at the center of a financial plan. Building Wealth for Building the Kingdom will help prepare families to enjoy the benefits of their labor while simultaneously contributing to the growth of Church.