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Home Uncategorized August 23 Session Summary – Stewardship (Ron Domanico and Price Harding)
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August 23 Session Summary – Stewardship (Ron Domanico and Price Harding)

August 23, 2012
Panel Discussion: Ron Domanico, Price Harding and Bill Marrin (moderator)
Stewardship – Session Summary

 

PANELIST: RON DOMANICO
Ron Domanico is the Senior Vice President and Chief Financial Officer of HD Supply, Inc. (The multi-billion dollar distribution company spin-off from Home Depot) headquartered in Atlanta. Previously, He was SVP & CFO of Caraustar Industries, Inc., CFO for Nabisco International located in New York City, and CFO for Kraft Foods-Northern Europe located in Sweden and Norway. Ron holds an MBA with a concentration in Finance from the University of Illinois. He is on the board of directors for the Coles College of Business at Kennesaw State University, the Georgia Council on Economic Education, the Georgia Amateur Wrestling Association, The Fellowship of Christian Athletes (FCA) Wrestling and the National High School Coaches Association. Ron is a varsity wrestling coach at The Lovett School and the National Teams Director for Team Georgia Wrestling. He is a Georgia High School Association (GHSA) Folkstyle wrestling referee and a USA Wrestling M-2 national referee for Freestyle and Greco-Roman.

Ron and his wife Melody, are the parents of four children: Michelle, Adam, Daniel and Amy.


PANELIST: PRICE HARDING

As Founder and Managing Partner of CarterBaldwin, Price Harding leads one of the largest corporate search firms headqu rtered in the Southeast. With clients in more than 30 states, CarterBaldwin is a nationally focused search firm, helping client companies recruit executives to key leadership roles. Additionally, Price has personally conducted more than 300 corporate searches as well as ministry president searches for Prison Fellowship, Wheaton College, National Christian Foundation, and The Trinity Forum, among many others.
In addition to his work at CarterBaldwin, Price is Chairman of United Technology Group and The Bell Oaks Company, and founder of FooManChew. He is an active investor and board member, having helped launch five “INC 500” companies and is presently involved as an active investor in eight companies.

Price serves on the Board of Directors of The Technology Association of Georgia (TAG), High Tech Ministries and The Trinity Forum. Price and Nancy have two married daughters, and have been married for nearly 32 years. They live in Buckhead and walk, most Sundays, to Buckhead Church.


MODERATOR: BILL MARRIN

Bill Marrin is a Managing Director at World 50, Inc. responsible for enhancing the member experience through programming, networking and facilitating the exchange of ideas and best practices on relevant business and career issues. At World 50, Bill manages the Supply Chain 50 and Enterprise 50 executive peer groups of supply chain and CIOs respectively at top, global organizations.

Bill has been married for 28 years and has three daughters. He and his wife reside in Atlanta, Georgia.


What does “Stewardship” mean to you?

Price:
• Thinking and talking about stewardship takes me to a place of insecurity. Stewardship is an awkward concept to discuss in front of a room full of men, providing snapshots of my personal success and failure throughout my life.
• Story: When my wife and I decided to purchase our first house, we put together everything we had for an earnest money check. When the deal was falling apart and I had tried everything possible to get my earnest money returned, I prayed to God and promised to give the entire amount away if He could return the money. The next day, we received the earnest money back and I wrote a check equating to all that we had gotten of the total less the $400 I had spent on attorney’s fees, and put it in the offering plate at church – my wife challenged me to proceed w/ the entire balance to honor the commitment we had made.
• Key take-away: God helps us write a unique story with our lives if we let Him.

Ron:
• Stewardship is being entrusted to manage the property of another.
• Stewardship in Christianity states that “what you have is God’s, not your’s.”
• You’re given time, talent, and treasures and entrusted to be a good steward of your life
• Stewardship is a concept that you must take from your head to your heart – READ: BELIEVE: FEEL
• The Domanico family has practiced stewardship in multiple “seasons of life.”

  • During “years of plenty,” we were able to plan in advance to continue to give during years of negative cash flow.

 

What does “Stewardship” mean in the relationship with your wife?

Price:
• There were times in our life that my wife was more focused on giving for our family and times where I led the charge.
• Over the years, we’ve leaned on each other based on who was more “bold in giving.”

Ron:
• The #1 conflict in marriage is around finances:

  1. Put together an action and communicate it clearly to your wife
  2. Reduce anxiety in the marriage by evaluating your giving against the yearly plan
  3. Prayerfully put together a family budget and giving plan with your wife
  4. Put together a “what to do when I die” notebook including everything your wife will need to know


How can I be a good steward of my time and keep a strong work/life balance?

Ron:
• Story: On “Marlboro Friday” in 1993, my family lost all of our savings. It was a burden to bear, but you can always make more money – you can never make more time.
• As a heat check on the type of steward you are, keep a close eye on your calendar and checkbook.

Price:
• This might be a controversial opinion, but I personally don’t believe my children need “two moms.” Why?

  1. Most importantly, I must show them that I love their mother
  2. Secondly, I must set an example of hard work and sacrifice
  3. Thirdly, I must be a sanctuary if they need someone to confide

• Outside of those 3, my job is to provide for the family. My daughters have very much appreciated this approach and my sons-in-law are my best friends in the world.


How can we teach our children to be good stewards?

Ron:
• Give each child a checkbook register when they’re old enough to understand. Have him maintain a balance with allowance, giving and purchases.
• Make giving (tithing) a habit. Automate your giving when possible.

Price:
• Teach your child to tithe from day 1.
• Teach your children that “interest is something you earn, not something you pay.”
• Expose your children at an early age to mission work and make sure they “fully experience gratitude.”


Do you every feel guilty regarding stewardship in making {luxury} purchases?

Ron:
• When I was young, I saw the bible as a form of financial “bondage.” Now, I see the principles outlined as financial “freedom.”
• Beyond the tithe, God gives you the Holy Spirit to make sound financial giving and spending decisions. Focus on the relationship w/ God, not the money:

  1. Sometimes the Holy Spirit says “give.”
  2. Sometimes the Holy Spirit says “enjoy and abide.”

Price:
• The bible says “be anxious over nothing.”
• The good Lord likes to give his children gifts – watch your heart and your checkbook if you feel any anxiety over either giving or spending.
• If there are any feelings of anxiety, reevaluate your giving and spending.


Have you always tithed?

Price:
• Accepted Christ at 14, started tithing the next day and practiced since.

Ron:
• Matured into tithing (and beyond) over time.


How do you manage constant requests for you to give your time, talent, and treasures?

Price:
• Create financial margin for an “unallocated giving budget.”
• Use your gifts very wisely for the Kingdom:
With no carpentry skills, should you go to South America and become a ministry carpenter, or reduce your income to fund multiple skilled carpenters for the mission?

Ron:
• Be a faithful steward of your time and talent first, financial resources second
• My personal gifts are around leadership and planning

 
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