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Life Institute’s Purpose

Life Institute exists to serve churches by helping believers establish a Biblical framework for everyday financial decisions. Through stewardship seminars and resources from a Biblical worldview, Life Institute partners with churches to help disciple Christians, offer practical Biblical teaching for everyday decisions, and provide personalized family guidance and instruction.

At Life Institute, we are passionate about seeing churches succeed by helping them develop a healthy culture of Biblical financial stewardship. For over thirty-years, Life Institute has come alongside churches to help individuals address their external financial problems, but more importantly, their internal spiritual challenges. LIFE Institute (Legacy Institute for Financial Excellence) has served churches and families around the world as a ministry of The Life Financial Group, Inc. since 1986.

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Life Institute’s Philosophy of Money

At Life Institute, we believe it’s important for believers to have every aspect of their lives transformed by the application of Biblical truths. This includes the way that money is viewed, managed, and invested. We understand that all things belong to God, including our money, and we should exercise Biblical stewardship of all our resources.

However, we also believe there are priorities and a sequence to using the money that God entrusts to us. Therefore, we believe spending should not come before giving, and luxuries should not come before saving. The following, scripturally founded, priorities are based on a sequential order of importance.

At Life Institute, we believe it’s important for believers to have every aspect of their lives transformed by the application of Biblical truths. This includes the way that money is viewed, managed, and invested. We understand that all things belong to God, including our money, and we should exercise Biblical stewardship of all our resources.

However, we also believe there are priorities and a sequence to using the money that God entrusts to us. Therefore, we believe spending should not come before giving, and luxuries should not come before saving. The following, scripturally founded, priorities are based on a sequential order of importance.

Five Biblical, Sequential Priorities of Money

1. Give

God asks that we take the firstfruits of His provision and return a portion to Him (Proverbs 3:9-10).

2. Save

The family must retain financial freedom by having reserves (Proverbs 21:20) and practicing wise long-term management (Proverbs 21:5; 1 Timothy 5:8).

3. Spend

Being honest, timely, and just with our creditors (Romans 13:7) fulfills our ethical obligations and supports our consistent testimony to the world around us (1 Peter 2:15).

4. Offerings

In response to God’s bounty, stewards ought to be sensitive to the needs of others and be willing to help as they have the opportunity (1 John 3:17-18), before spending money on personal pleasures.

5. Luxuries

God’s faithful and sovereign provision, when managed as described above (1 Corinthians 4:2), is to be enjoyed and appreciated (1 Timothy 6:17).

1. Give

God asks that we take the firstfruits of His provision and return a portion to Him (Proverbs 3:9-10).

2. Save

The family must retain financial freedom by having reserves (Proverbs 21:20) and practicing wise long-term management (Proverbs 21:5; 1 Timothy 5:8).

3. Spend

Being honest, timely, and just with our creditors (Romans 13:7) fulfills our ethical obligations and supports our consistent testimony to the world around us (1 Peter 2:15).

4. Offerings

In response to God’s bounty, stewards ought to be sensitive to the needs of others and be willing to help as they have the opportunity (1 John 3:17-18), before spending money on personal pleasures.

5. Luxuries

God’s faithful and sovereign provision, when managed as described above (1 Corinthians 4:2), is to be enjoyed and appreciated (1 Timothy 6:17).

Life Institute’s Teachers , Counselors & Team Members

Roy L. Russell
Founder & CERTIFIED FINANCIAL PLANNER™

Rev. Andrew Gysi
Ministry Director

Timothy J. Russell,
CERTIFIED FINANCIAL PLANNER™

Jeremy Ehst
CERTIFIED FINANCIAL PLANNER™

Mark Magruder
Financial Advisor & Tax Advisor

Tony Griepentrog
Ministry Coordinator, Southwest Office

Stephen Virkler
Wealth Manager

Download our free devotional eBook:
A 20 Day Study in Stewardship

“This guide provides twenty daily readings, each exploring God’s call to Christians to become stewards of His bountiful provision. They are intended to encourage us, to rebuke us sometimes, and to instruct us.”

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