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A good talk about this subject was given at the last general conference in October 2009 by Elder Tad Collister. Check it out at Joseph Smith?Prophet of the Restoration

Thanks Skippy740 and mormonmusic. My wife and I read through your posts and had a good discussion about what you suggested. I'd like more people to post their ideas about achieving financial freedom so that I can learn from them.

I don't see any harm in doing the Santa thing. When I started questioning my parents, my dad finally sat me down and told me Santa existed but not in the way I had been taught (with the red suit and all). He said he was Santa and I could always tell my younger brothers and sisters that Santa was real by thinking to myself that I was talking about my dad. I thought it was a good way to break the news. Worked for me.

I'm not selling anything. Just wanted to start a discussion. I was worried about others trying to sell something through the thread though.

I had this I idea I thought I'd throw out there to the LDS community. Just as LDS church members help and guide others in gaining financial security through the church welfare system and through teaching provident living, why not have LDS church members who have gained financial freedom mentor other members in their pursuit to gain financial freedom? I know there are members who have gained reached financial freedom. There are many books written on the subject but it would nice to have someone who has a LDS perspective to act as a mentor. What is the difference you say??? When I say FINANCIAL SECURITY, I mean having enough money coming in monthly from a job to provide for my basic needs (i.e. food, shelter, health care, transportation, etc.). The problem is what if I get sick, laid off, disabled, etc?I lose financial security and need to turn to family and the welfare system for help again. By FINANCIAL FREEDOM I mean having enough money come in monthly from passive income that exceed my monthly expenses. Passive income would be money that comes in whether I work or not such as money from rental properties, stocks, business investments, etc. Then, if I get sick, laid off, or disabled, I wouldn't have to worry about losing financial security because my passive income would be sufficient to cover all my expenses. I started a blog on the subjects at LDS Helping LDS Gain Financial Freedom. My next post on the blog will be about why I think financial freedom will help us as LDS members to be better equipped and able to serve in God's kingdom.