Financial decisions are something we have studied in this course. Some businesses have to decide many things when it comes to finances. They need to decide whether they want long-term or short-term financing. They have to go through a decision process. Many factors, including interest rates and loan terms, can influence decisions. Many businesses have financial forecasts to help them make financial decisions. “Companies want to have numerous financing alternatives available to minimize their cost of funds at any time” (Block, Danielsen and Hirt, 2011, p. 169). Financing and money are important elements that are mentioned several times in the Bible. The book of Proverbs 22:7 tells us, “The rich rule over the poor, and he who borrows is slave to him who lends” (Proverbs 22:7, ESV). The Bible teaches us that if you borrow, you are subject to the lender and all his conditions. The Bible teaches us that money is not what matters in our lives. The book of Romans 13:8 tells us, “Owe no one anything, except to love one another, for he who loves another has fulfilled the law” (Romans 13:8, ESV). That being said, it is very difficult to have a business and have enough funds to be able to operate without ever having to borrow funds. You need to make sure you have enough cash flow and don't take on too much debt to be successful. Businesses have to make many financial decisions. Every person has to make many financial decisions during their life. We should all follow God's word as much as possible. Personally, if we do this, we will not let money or finances be the main focus of our lives. Time value of money The Economist website describes the time value of money as follows: "The idea that a dollar today...... middle of paper ......ng for receive the credit they are already owed. They also shouldn't overstock their business with items that don't sell quickly. In conclusion, no matter what industry we venture into, as Christians we must maintain the faith and continue to follow the word of God. God should be our guide in every financial decision, because we are his stewards (1 Corinthians 4:1). As mentioned earlier, in the Parable of the Talents, we should not let our money stagnate, but rather invest what God has given us. And finally, as aspiring businessmen and women, we must diligently monitor not only our current asset accounts, but also our liabilities and financial statements. However, we must quickly remember 1 John 2:15 (NKJV), “Do not love the world or the things of the world. If anyone loves the world, the Father is not in him.”