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When I was a kid, a few stories of Elvis Presley’s generosity made the news.In one story, a woman had admired his diamond.With a smile, he took off his ring and gave it to her.He clearly believed in sharing his blessings with others and gave to many people and many charities.His beneficiary choices were diverse and showed no preference for age, race, or creed.He saw only the need.There is a film titled 200 Cadillacs that documents his generosity.According to Maslow’s Hierarchy of Needs, Elvis reached the top of the pyramid.He reached the top by sharing his gifts, his talents as an entertainer and the more he gave, the more he received.They not only preach tithing, they practice tithing.It is a requirement.The word tithe comes from the same word as ten, and it means to give back 10% of what you earn.Many people say, ’I’ll tithe when I have the money.’ The reason they do not have the money is because they do not tithe.Lower taxesThe more generous you are, the lower your taxes.That may be a bit of an oversimplification, but it’s accurate in principle.If you do what the government wants done, the government offers tax incentives or a tax stimulus.Most people have only one house.The government offers tax breaks for those who provide housing.Along the same lines, the government offers tax breaks for people who create jobs.Most people leave school looking for a job.Most people work hard to stay out of debt.The government offers tax breaks for those who use debt.This is because the dollar is now debt.If people stop using debt, the economy slows down.Most people consume commodities such as food and oil.The government offers tax breaks for those who produce food and oil.Who Pays the Most in Taxes?It shows income tax rates for each quadrant.As parents you know first hand that our schools do not teach students about money or debt.Most kids leave college, deeply in debt with school loans and credit cards.After they are married, they go deeper in debt with mortgages, car payments, and consumer debt.With financial education, your child will learn that there is good debt and
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