Merry Christmas everyone. As today is the day we Christians celebrate the birth of our Lord, Jesus Christ I’d hope you’d take the time to read some of the verses from the Bible relating to money. If you’re not a Christian feel free to read just for some ancient world wisdom that you may find amazingly fitting for today.
Amazingly there are hundred’s of references to money in the bible ranging from charitable giving, tithing, saving, and investing.
My favorite investing verse is:
Proverbs 28:20
A faithful man will abound with blessings, but he who makes haste to be rich will not go unpunished.
The key here is to have a plan, I personally try to check my plan with God through prayer, but for those of you with different beliefs there is still wisdom in making a plan and having faith in your plan. There are thousands of get rich schemes just google “make money” (ok, not now your reading here) and you’ll see lots of them. If they worked wouldn’t everyone be rich?
Another great verse is:
Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth.
Hopefully you recognize that as diversification. What I also like is it doesn’t tout the new diversification numbers of 20 or more splits which really just means you mimic the market (or can invest in a mutual fund.)
For personal finance I think this verse sums it up best:
Proverbs 22:7
The rich rules over the poor, and the borrower becomes the lender’s slave.
No where does the bible, or God, want you to be the poor slave. In many verses wealth is encouraged, but always with a love of God first.
Finally, I want to sum up with a few verses on giving in light of the season.
Every man shall give as he is able, according to the blessing of the LORD your God which He has given you.
This was a hard truth for me to swallow. When I wasn’t doing financially well I didn’t feel I had any obligation to give. It would only be an insignificant amount and I would give more when I had more. The truth for me was I did have blessings and I needed to give what I had – if I didn’t have money I could volunteer, or teach, or raise money to give. I had some capability to help and I felt more true to myself when I did.
I want to wrap up with:
Proverbs 13:16
A wise man thinks ahead; a fool doesn’t, and even brags about it!
Once you get through the Christmas festivities take some time to plan out your New Year. You do have the ability to take control of your financial future.
No matter what season it is for you I wish you and your family the best.
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