006: Developing an Abundance Mentality with Terry Davis

Terry Davis is an author, attorney, business coach and abundance mentor. He is the founder of SmartBizUniversity.com, an online mentoring and business development training program for small and medium sized businesses. He has served as counsel for several successful startups, including the company that first introduced global Internet service to the commercial cruise-line industry.

His book Receive and Achieve…Now! 15 Bible Secrets on How to Find Joy, Success & Abundance in Small Business is about “equipping the saints for success and warfare.” Terry says, “I wrote this book…to provide entrepreneurs with a system to grow their businesses based on biblical principles so they can transform the world.” Terry is married with two children. He is an active member of the Church of the Highlands in Montgomery, Alabama.

In this episode, we will cover:

 3 Secrets to Developing an Abundance Mentality…

  1. Prepare for spiritual warfare.
  2. Have faith in God.
  3. Be a giver.

6 Myths About Abundance and Money…

  1. It’s wrong to pray about money.
  2. It’s wrong to desire prosperity.
  3. Having wealth makes you a bad person.
  4. Having money is the root of all evil.
  5. God doesn’t care about trials with money.
  6. God is pleased when we seek security.

And More…

  • Why it’s important to act and pray like God wants us to be abundant.
  • How having abundance enables us to do more of what God calls us to do.
  • The difference between money and the love of money being “the root of all evil.”
  • Handling the difficult choice of staying on the path God has called you to or going back to doing what makes money when times are financially tough.
  • Dealing with the IRS when you have tax issues.
  • The difference between having faith and exercising faith.
  • The story about two farmers and which one exercised more faith.
  • The importance of recognizing that everything we have belongs to God.
  • How money is “neutral” and what we can do to “put God’s Spirit on it” by giving back to Him.
  • How developing the habit of giving prepares us to willingly respond to God’s promptings when He needs us to give in specific situations.
  • God’s word talks about money more than any other topic in the Bible.
  • How money makes you more of who you already are.
  • Using music, people, and the things you expose yourself to ion order to be pickled in the Gospel and become a person who will make right choices because of the influence and spirit you are under all the time.
  • Why it’s important to get yourself financially and spiritually fit so you can go out and do God’s work.
  • When it comes to money, God wants us to be not like a sieve or strainer but like a funnel so that when He pours wealth into our lives, He is able to direct where it goes. We do that by 1) making a budget, 2) giving back to God, 3) saving money, 4) creating an emergency fund, 5) starting to eliminate debt. In other words, don’t pray for money on the one hand and then be irresponsibly spending or wasting it on the other.

Scriptures Quoted or Referenced:


Jeremiah 29:11: “For I know the plans I have for you,” declares the Lord, “plans to prosper you and not to harm you, plans to give you hope and a future.” (NIV)

Genesis 22:13: “Abraham looked up and there in a thicket he saw a ram caught by its horns. He went over and took the ram and sacrificed it as a burnt offering instead of his son.” (NIV)

Ephesians 6:10-17:  “Finally, be strong in the Lord and in his mighty power.  Put on the full armor of God, so that you can take your stand against the devil’s schemes. For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms. Therefore put on the full armor of God, so that when the day of evil comes, you may be able to stand your ground, and after you have done everything, to stand. Stand firm then, with the belt of truth buckled around your waist, with the breastplate of righteousness in place, and with your feet fitted with the readiness that comes from the gospel of peace. In addition to all this, take up the shield of faith, with which you can extinguish all the flaming arrows of the evil one. Take the helmet of salvation and the sword of the Spirit, which is the word of God.” (NIV)

Hebrews 11:6:  “And without faith it is impossible to please God, because anyone who comes to him must believe that he exists and that he rewards those who earnestly seek him.”

James 2:14-26:  “What does it profit, my brethren, if someone says he has faith but does not have works? Can faith save him?  If a brother or sister is naked and destitute of daily food, and one of you says to them, ‘Depart in peace, be warmed and filled,’ but you do not give them the things which are needed for the body, what does it profit?  Thus also faith by itself, if it does not have works, is dead.

But someone will say, ‘You have faith, and I have works.’ Show me your faith without your works, and I will show you my faith by my works.  You believe that there is one God. You do well. Even the demons believe—and tremble!  But do you want to know, O foolish man, that faith without works is dead? Was not Abraham our father justified by works when he offered Isaac his son on the altar?  Do you see that faith was working together with his works, and by works faith was made perfect?  And the Scripture was fulfilled which says, ‘Abraham believed God, and it was accounted to him for righteousness.’ And he was called the friend of God.  You see then that a man is justified by works, and not by faith only.

Likewise, was not Rahab the harlot also justified by works when she received the messengers and sent them out another way? For as the body without the spirit is dead, so faith without works is dead also.” (NIV)

Proverbs 3:5-6: “Trust in the Lord with all your heart and lean not on your own understanding; in all your ways submit to him, and he will make your paths straight.” (NIV)

Malachi 3:10:  “Bring the whole tithe into the storehouse, that there may be food in my house. ‘Test me in this,’ says the LORD Almighty, ‘and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.’” (NIV)

Malachi 3:8-1:  “Will a man rob God? Yet ye have robbed me. But ye say, Wherein have we robbed thee? In tithes and offerings. Ye are cursed with a curse: for ye have robbed me, even this whole nation.  Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, saith the Lord of hosts, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it. And I will rebuke the devourer for your sakes, and he shall not destroy the fruits of your ground; neither shall your vine cast her fruit before the time in the field, saith the Lord of hosts.” (KJV)

Matthew 6:33:  “But seek ye first the kingdom of God, and his righteousness; and all these things shall be added unto you.” (KJV)

Joshua 1:8:  “Keep this Book of the Law always on your lips; meditate on it day and night, so that you may be careful to do everything written in it. Then you will be prosperous and successful.” (NIV)

Story of Zacchaeus the tax collector who became a disciple who gave back the money he stole in Luke 19:1-10:

Jesus entered Jericho and was passing through. A man was there by the name of Zacchaeus; he was a chief tax collector and was wealthy. He wanted to see who Jesus was, but because he was short he could not see over the crowd. So he ran ahead and climbed a sycamore-fig tree to see him, since Jesus was coming that way.

When Jesus reached the spot, he looked up and said to him, “Zacchaeus, come down immediately. I must stay at your house today.” So he came down at once and welcomed him gladly.

All the people saw this and began to mutter, “He has gone to be the guest of a sinner.”

But Zacchaeus stood up and said to the Lord, “Look, Lord! Here and now I give half of my possessions to the poor, and if I have cheated anybody out of anything, I will pay back four times the amount.”

Jesus said to him, “Today salvation has come to this house, because this man, too, is a son of Abraham. For the Son of Man came to seek and to save the lost.” (NIV)

James 1:2:  “Count it all joy, my brothers, when you meet trials of various kinds,” (ESV)

Luke 16:13:  “No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other. You cannot serve both God and money.” (NIV)

Proverbs 25:28:  “Like a city whose walls are broken through is a person who lacks self-control.”

Revelation 3:16:  “So then because thou art lukewarm, and neither cold nor hot, I will spue thee out of my mouth.” (KJV)

Resources Mentioned:

Terry’s Book Receive and Achieve Now: 15 Bible Secrets on How to Find Joy, Success & Abundance in Small Business Kindle version on Amazon:  http://amzn.to/2q9C0gB

Paperback version from Xulon Press website:  http://www.xulonpress.com/bookstore/bookdetail.php?PB_ISBN=9781619046481 

Home Routines Website Link:  http://www.homeroutines.com/

Home Routines App on iTunes:  https://itunes.apple.com/us/app/home-routines/id353117370?mt=8&ign-mpt=uo%3D4

Where to Find Terry Online:



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