Today’s blog is the last of the 10 Principles of Biblical Wealth Management that I started in March. Hopefully all of you have gotten a chance to read all the Principles of Biblical wealth management in this series.
BIBLICAL WEALTH IS GOD’S WEALTH
DEUTERONOMY 8:18, PSALM 24:1
All wealth comes from God, belongs to God, honors God, and is a blessing from God. When we accept that wealth is God’s instead of ours, we are better equipped to manage it. Managing one’s wealth Biblically calls for wisdom. We are called to honor God with all that we do, including the management of the wealth that He has so graciously bestowed.
WHAT IS BIBLICAL WEALTH FOR?
MATTHEW 25:35-40, 28:19-20
The term “Biblical Wealth” is very loaded. Those who have gained wealth have also gained great responsibility to take care of that wealth, along with taking care of family, the church, and the less fortunate. This wealth is intended to provide for people, support ministries, feeding the hungry, clothing the poor, educating the helpless and protecting the innocent. These things are what the church and Christians, are called to do.
HOW IS BIBLICAL WEALTH OBTAINED?
PROVERBS 10:14, 12:11, 13:11, 14:23
Biblical Wealth rarely just falls into one’s lap. God’s blessing of wealth is usually obtained by great wisdom and responsibility and through discipline, hard work, saving, investing, and seeking God’s will. Occasional, Biblical wealth is obtained suddenly by a great blessing such as an inheritance, oil and gas discovery or great invention. Seeking God’s wisdom for handling sudden wealth is extremely important because of the impact of “sudden wealth syndrome” that can cause enormous long term damage.
2 Corinthians 9:6-8
Now this I say, he who sows sparingly will also reap sparingly, and he who sows bountifully will also reap bountifully. Each one must do just as he has purposed in his heart, not grudgingly or under compulsion, for God loves a cheerful giver. And God is able to make all grace abound to you, so that always having all sufficiency in everything, you may have an abundance for every good deed.
WHAT DOES BIBLICAL WEALTH ULTIMATELY MEAN?
MATTHEW 25:14-30
When you decide to manage God’s wealth for his glory instead of ours, all financial decisions become spiritual decisions. Those with Biblical Wealth do not attach their self-worth to their net-worth, but see their wealth as an opportunity to manage what God has blessed them with. We are not owners of our wealth, we are not owned by our wealth, and we are commanded to allow wealth to flow through us to bless others.
I encourage you to go back and read any of the Principles you missed. You might even want to share them in your church, small group, family, or workplace, and could actually have a lengthy Bible Study on each principle I carried over 3 months. Be sure to subscribe to receive all Christian Financial Perspectives blogs through the subscribe box in the top right corner of this page.
Proverbs 16:3
Commit to the Lord whatever you do, and your plans will succeed.
Catch up on any blogs you missed:
- 1ST PRINCIPLE: SEEK BIBLICAL FINANCIAL AND INVESTMENT COUNSEL
- 2ND PRINCIPLE: ESTABLISH WRITTEN FINANCIAL GOALS
- 3RD PRINCIPLE: THINK LONG-TERM
- 4TH PRINCIPLE: DIVERSIFY USING BIBLICAL PRINCIPLES FOR INVESTING
- 5TH PRINCIPLE: ESTABLISH A WRITTEN FINANCIAL PLAN
- 6TH PRINCIPLE: ESTATE PLANNING
- 7TH PRINCIPLE: HERITAGE PLANNING
- 8TH PRINCIPLE: ASSET PROTECTION
- 9TH PRINCIPLE: LEAVING A LEGACY
FAQs
Those with Biblical Wealth do not attach their self-worth to their net-worth, but see their wealth as an opportunity to manage what God has blessed them with. We are not owners of our wealth, we are not owned by our wealth, and we are commanded to allow wealth to flow through us to bless others.
What is the principle of wealth management in the Bible? ›
Biblical financial stewardship requires prioritizing God in our finances. This includes giving to God first through tithes and offerings. The principle of tithing involves giving a tenth of our income back to God as an act of worship and trust in His provision (Malachi 3:10). By prioritizing God's kingdom first (Matt.
What is the biblical concept of wealth? ›
Wealth includes adequate physical possessions to live and flourish as a human being created in the image of God, and it also requires a specific heart attitude toward the purpose of possessions.”[
What does the Bible say about financial wealth? ›
Philippians 4:19: And this same God who takes care of me will supply all your needs from his glorious riches, which have been given to us in Christ Jesus. Proverbs 10:22: The blessing of the Lord makes a person rich, and he adds no sorrow with it. 2 Corinthians 9:8: And God will generously provide all you need.
What is the biblical basis for financial management? ›
These are the ten biblical financial principles: God is the source; give first; live on a margin; save money; keep out of debt; be content with what you have; keep records; don't cosign; work hard and seek godly counsel.
What is the spiritual principle of wealth? ›
DEUTERONOMY 8:18, PSALM 24:1
All wealth comes from God, belongs to God, honors God, and is a blessing from God. When we accept that wealth is God's instead of ours, we are better equipped to manage it. Managing one's wealth Biblically calls for wisdom.
What is the biblical way to manage money? ›
The Bible has quite a bit to say about money – in fact, there are over 2,000 Biblical verses about money.
- Spend less than you earn. ...
- Be wise with debt. ...
- Plan for financial margin, because the unexpected will occur. ...
- Set long-term goals, because there's always a trade-off between the short-term and the long-term.
True riches are not comprised of material things. The Scripture calls these “uncertain riches” and warns us not to trust in them (ITim. 6:17). True riches is “to know the love of Christ, which passeth knowledge” and so to be “filled with all the fulness of God” (Eph. 3:19).
What is the most powerful prayer for financial breakthrough? ›
Prayer for financial breakthrough:
"Dear God, I pray for a breakthrough in my financial situation. Please open doors and create opportunities for me to increase my income and achieve financial freedom."
Is lending money with interest a sin? ›
Biblical prohibitions on usury were later redefined as prohibitions on lending at excessive interest rates. Today, charging interest on loans is an everyday part of life. Modern Christian leaders condemn excessive interest rates, but not the lending of money itself.
Here are a few common principles you may have heard about, that are mentioned in the Bible: Spend less than you earn – Proverbs 13:11 “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it”
Is saving money a biblical principle? ›
The Bible encourages saving.
6:6-8, 21:20). As you work and God provides you with income, He expects you to pay your taxes, give to His work and meet your present needs. But there is more. He expects you to set some of this aside to prepare for upcoming needs, when income will not be adequate or available.
How to be financially free biblically? ›
- Ten Principles to Realize True Financial Freedom.
- 1) Understand that God Cares about your Finances ~ 2 Chronicles 29:11-12.
- 2) Have a Biblical Eternal View when it comes to your Money & Possessions ~
- Mark 8:36.
- 3) Have a Balanced Spending Plan ~ Luke 16:11.
- 4) Eliminate Harmful Debt ~ Romans 13:8.
Wealth creation is rooted in God the Creator, who created a world that flourishes with abundance and diversity. We are created in God's image, to co-create with him and for him, to create products and services for the common good. Wealth creation is a holy calling, and a God-given gift, which is commended in the Bible.
Where in the Bible does it talk about money management? ›
#1 Proverbs 22:7 (NIV)
In some cases, taking on small amounts of debt for the sake of future return can be an investment-savvy approach. Even so, Christians should be very debt-aware. Proverbs 22:7 teaches a prudent lesson about the dangers of debt and advises against excessive debt.
What is the principle of management in the Bible? ›
In 2 Corinthians 9:6 the Bible states that "the point is this: whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully." The New Living Translation of the Bible records this principle with these words.
What is the biblical covenant of wealth? ›
So, covenant wealth starts with remembering that God gives you the power to get wealth. Then, it involves using your money to partner with God's work in the world. Covenant wealth is God's original blessing to “be fruitful and multiply” in action, and it has extreme relevance for us today.
