There are quite a few tips about money that have withstood the test of time. There is a lot of wisdom in the bible regarding finances. So lets take a look at what the bible says about earning and investing money and how to keep on to your wealth.
And you might have heard that the bible is against money or “money is the root of all evil”, but this is wrongly quoted. The apostle Paul had this to say: “For the love of money is a root of all kinds of evil. Notice how “money” is substituted for “love of money” and “the root of all evil” is substituted for “a root of all kinds of evil.” These changes, while subtle, have an enormous impact on the meaning of the verse.
Don’t be lazy
First the bible tells us not to be lazy. Nowadays we just have a 5 day workweek, in ancient times people worked for 6 days. Furthermore, lazy people will eventually find themselves in financial trouble. Not working goes together with boredom most of the time. Boredom creates opportunity to do things which aren’t wise, like spending money on alcohol and other useless stuff.
Six days you shall labor, but on the seventh day you shall rest; even during the plowing season and harvest you must rest. Exodus 34:21
The craving of a sluggard will be the death of him, because his hands refuse to work. – Proverbs 21:25 NIV
Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and its food at harvest. – Proverbs 6:6–8
Whatever you do, work at it with all your heart, as working for the Lord, not for human masters . . . . – Colossians 3:23 NIV
Laziness casts into a deep sleep, And an idle man will suffer hunger. – Proverbs 19:15
A little sleep, a little slumber, A little folding of the hands to rest. Your poverty will come in like a vagabond. – Proverbs 6:11
Earn honest money
It is important to earn honest money according to the bible, as dishonest money dwindles away. Below you will find a few examples.
- Let’s say you don’t treat your customers fairly -> They won’t return and they will communicate their experience to others. People around the world are more connected than ever by the internet. An online review can be found until the end of times.
- If you don’t treat your employees fairly, the won’t work as hard for you as you would like to. They are the main asset of most companies, and it would be very unwise to underpay them or to pay them too late.
- Let’s say you earn a lot of money selling drugs, in the end law enforcement will find out, and you waste some time in prison – > time is money.
Dishonest money dwindles away, but whoever gathers money little by little makes it grow. – Proverbs 13:11 NIV
Better a little with righteousness than much gain with injustice. – Proverbs 16:8 NIV
Woe to him who builds his palace by unrighteousness, his upper rooms by injustice, making his own people work for nothing, not paying them for their labor. – Jeremiah 22:13 NIV
Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. – Luke 16:10 NIV
Don’t try “get rich quick” methods
Trying to get rich quick and easy will almost always fail.. Betting your money on sports or gambling in the casino eventually leads to financial ruin.
Gambling and lotteries are particularly interesting to the lazy, the desperates and the people who love money. The allure of “getting rich quick” is too great a temptation to resist for those who are desperate. The chances of winning are infinitesimal, which results in many peoples’ lives being ruined.
Even trading in financial products like derivatives and CFD’s might sound like a sound investment strategy it is not for 95% of the population. Looking at investment as a long-term plan for the future is good planning, but trying to make a fortune overnight is not. Even more so, because this gambling game is probably the most rigged of all.
The plans of the diligent lead to profit as surely as haste leads to poverty. – Proverbs 21:5 NIV
Proverbs 28:20 says, “A faithful man will be richly blessed, but one eager to get rich will not go unpunished.” This speaks against the “get-rich-quick” mentality.
Don’t spend your money in foolish ways
If you want to hold onto your money, it is wise to not spend it on useless material goods and even worse are alcohol (quite expensive in clubs) and other “stimulants” which also gives you a worse performance (hangover) the next day.
For the heavy drinker and the glutton will come to poverty, And drowsiness will clothe one with rags. – Proverbs 23:21
Wine is a mocker, strong drink a brawler, And whoever is intoxicated by it is not wise. Proverbs 20:1
A man who loves wisdom makes his father glad, But he who keeps company with harlots wastes his wealth. Proverbs 29:3
Be a cheerful giver 😉
In the end it is probably good to give to other human beings who, for some reason, might not be able to make it financially.
Each one must give as he has decided in his heart, not reluctantly or under compulsion, for God loves a cheerful giver. – 2 Corinthians 9:7 (ESV)