Wealth in the Bible

Using God's Blessings to Bless Others…

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Wealthy Christians Day 26: Live in the Now – Today is all you have

Matthew 6:34 – ‘So don’t worry about tomorrow, for tomorrow will bring its own worries. Today’s trouble is enough for today.’
‘The only adequate preparation for tomorrow is the wise use of today.’ – Bob Gass, the Word for Today

You can only live one day at a time – today. As you go about your day, ask yourself:

  • What can I do to improve my savings today?
  • What can I do to cut down on spending today?
  • What can I do to invest in eternity today?
Wealthy Christians Day 26: Live in the Now - Today is all you have

Wealthy Christians Day 26: Live in the Now – Today is all you have

It is important to plan for our future; to plan for tomorrow. However, today is the only day we will ever have to do something. With that in mind; it is important not to procrastinate our future planning.

Don’t get caught in a trap of saying ‘tomorrow I’ll start saving’ or ‘I’ll just splurge this one last time, I can be sensible tomorrow.’ Tomorrow never comes. All we will ever have is this present day and memories of what we did – or didn’t do – the day before.

As long as you start each day with a map – that is, what you want to achieve (your location) and how you’re going to do it (your directions) then you will be prepared. Yes, life will throw unexpected distractions at you or surprising dead end roads, but you can always turn around and go another way.

Focus on continually building your wealth as a Christian; this can simply be done by saving a small amount daily or weekly. Pay special attention to your time with God and learning his word. Make every effort to give to others when you see a need and you can provide. And through all of this, if you have children under your care, let them see what you are prioritising and how you are achieving your financial goals. This can be the best way for them to learn – by observing what you’re doing and the results that these actions are generating.

It is my prayer for you:

  • That you will recognise the importance of living in the moment, of acting today.
  • That you will be able to find one new thing daily that you can do to grow your relationship with God, grow your finances and reach out to others in love.
  • That you will let go of any past failures and not condemn yourself, but instead learn from them and move forward.

Today’s prayer:
Lord I thank you that you have given me today. Help me to use it to the best of my capabilities. Help me to truly recognise that the present day you have given me is indeed a gift.

Actionable ideas:
For big purchases, research pricing in advance of acquiring something. You can save yourself a lot of money if you take the time to look around.

Wealthy Christians Day 25: Leaving a Legacy – Don’t Acquire Debt for Future Generations

Job 8:7 – ‘Your beginning will seem so small, since your future will flourish.’

One of the best things we can do for the next generation is start them on firm ground. Raise up your children to know about God and to have a relationship with him. Help them to get established in the Word and to know the importance of living life for him.

Wealthy Christians Day 25: Leaving a Legacy – Don’t Acquire Debt for Future Generations

Wealthy Christians Day 25: Leaving a Legacy – Don’t Acquire Debt for Future Generations

From here, you can give them the best possible financial start to life, too. Firstly, as parents – and grandparents – we can do this by not leaving any debts that they will need to cover. Work to have your mortgage paid in full, no credit card debt and no personal loans that still need paying.

Pass on a home for them to live in or to be able to sell and reap finances from, but don’t leave them with debt you didn’t manage to pay off entirely. Give them assets, not liabilities.

On top of this, spend your lifetime teaching them how to be good stewards of what they’re blessed with. Chances are you worked hard for your house! Just because they are receiving a generous financial gift or asset from you doesn’t mean they should take it for granted and squander it away. Instead, it should be a stepping stone to help them invest and generate more for future generations that they will go on to provide for and teach about God and money.

As you teach them what you know, they can then start ahead of you and do greater things. Likewise, they can greatly impact their children for the better and that generation will start out even further ahead! Aim to leave a legacy for your children and their children, not debt and financial struggles.

It is my prayer for you:

  • That you will recognise how you live your life affects your children and their children; do it wisely.
  • That you will be able to square off any debt acquired in your lifetime and leave something valuable for your children.
  • That you will have children who will know and love the Lord and seek to be generous with their finances, too.

Today’s prayer:
Lord I thank you that you have blessed me – your child – with so much. Help me to do the same for my children on this earth, and their children. Help me to recognise that the greatest legacy I can leave for them is knowledge of You.

Actionable ideas:
Seek out resources that you can acquire for free with a little patience and research. There are many online books that can be downloaded or local libraries that have a wealth of information you don’t need to pay to access.

Wealthy Christians Day 24: Keeping Balance: Rest

Exodus 34:21 – ‘On the seventh day you shall rest.’

It is perfectly fine to desire to have wealth and to put in the hard work to receive this. It is not ok to spend every waking moment focused on this. God should always come first. Our relationship with him and learning what he would have us do with our lives should be priority. Even then, he demands that we take one day out of seven to rest.

Wealthy Christians Day 24: Keeping Balance: Rest

Wealthy Christians Day 24: Keeping Balance: Rest

If you are struggling to fit everything in, then pray that God would guide you about working wisely and effectively. Then be sure to prioritise tasks on your journey to wealth. Do first those things that are most pressing, or what will take the longest time to generate a return.

Acknowledge that some items on your to do list are wants, rather than needs and be ok with the fact that they may not get done this week and will have to wait that little bit longer.

Try not to waste time on fruitless activities, or spend more time on things than are necessary. For example, do you need to check your emails every hour or would once during the day suffice? When you’re having a coffee break, could you also be stretching your legs or getting some fresh air? Try to multitask where you can but also learn to switch off from work.

It is my prayer for you:

  • That you will recognise the importance of rest and take action to give yourself one day a week where your focus isn’t work.
  • That you will find ways to be efficient with your time 6 days a week, so that you’re able to work towards your wealth goals regularly.
  • That you will put your relationship with God first, always.

Today’s prayer:
Lord I thank you that you have commanded that we take the time to rest regularly. Help me to prioritise this. I know that I am more effective if I look after my body by resting regularly.

Actionable ideas:
Look out for sales and prepare for them; save up for and buy in bulk during sales so that you’re saving money on items you regularly use.

Wealthy Christians Day 23: Keeping Perspective

1 John 4: 4 – 5 – ‘You are from God, little children, and have conquered them, because the one who is in you is greater than the one who is in the world. They are from the world; therefore they speak from the world’s perspective and the world listens to them.’

If my life is fruitless, it doesn’t matter who praises me, and if my life is fruitful, it doesn’t matter who criticizes me. – John Bunyan

There are many times in life when you need to have enough confidence in what you’re doing to not be swayed by general opinion. Perhaps you have a desire to be an influential wealthy Christian – one who can give generously to many causes in the name of Christ. But to be able to do this, you first need to generate wealth.

Wealthy Christians Day 23: Keeping Perspective

Wealthy Christians Day 23: Keeping Perspective

As you work to save more or establish an idea that you know has the potential to generate income, there will be people who frown upon what you do. Maybe it’s a negative comment or perhaps they’re frustrated by your lack of wanting to spend – like going out for a meal with friends on a regular basis.

Often what we desire to save for or spend our money on isn’t understood by other people. This doesn’t matter. What does matter is being a good steward of what God’s blessed us with.

Likewise, you may be passionate about a hobby or business idea that you feel God has placed on your heart. But it’s slow to get started – even slow to bring in money after you’ve invested countless hours. Don’t be swayed by negative comments, opinions or a lack of initial results. Focus on the fact that God has given you an idea and if you are diligent with it, it will see a return.

Remember Abraham and Sarah – their ability to have a child waited a long time!

It is important to keep things in perspective. People won’t always understand our wants or plans – but God does. It’s important to keep your focus on Him and living a fruitful life for Christ. Things may not always go to plan, but you can know with certainty that He’s got it all under control. Keep it in perspective.

It is my prayer for you:

  • That you will not be swayed by negative comments or opinions and that you will surround yourself with positive, encouraging people.
  • That you will focus on what God’s word says about you and your abilities, especially in tough times.
  • That you will be careful about whom you share your financial goals with – only share them with people who will encourage you and hold you accountable to achieving them.

Today’s prayer:
Lord I thank you that you have everything in control. Even when my plans seem unattainable, I know that you have it all sorted out. Help me to keep things in perspective – to keep my focus on You, not on my circumstances which can change daily.

Actionable ideas:
Don’t shy away from second hand. Many things you need don’t have to be brand new. You can save a lot of money if you’re willing to purchase something previously loved by another: a fridge, car, lounge suite, etc.

The Father’s Recipe for Personal Finance by A.C. Boyd

Recently I was contacted on Wealth in the Bible about reviewing a new release The Father’s Recipe for Personal Finance by A.C. Boyd. This is a short read, totalling about 50 pages in length and it is full of valuable information for wealthy Christians and those desiring to be good stewards of their finances.

The Father's Recipe for Personal Finance by Antone C. Boyd - Click to Buy

The Father’s Recipe for Personal Finance by Antone C. Boyd – Click to Buy

In this book, a father details financial advice as he chats with his two children whilst they’re preparing a meal. As they prepare ingredients, cook and then go on to eat the meal, he outlines important principles with regards to managing money, giving to God, investing in the local community and much more.

The topics covered in this book are aptly detailed in the chapter titles:

  • God first
  • First fruits
  • Planting good seeds
  • Basics of budgeting
  • Be more careful with debt
  • Investing is important
  • It’s worth giving

As he details at the end of the book, A.C. Boyd writes, “It is my belief that every believer has a ministry and this was one platform I’ve been allowed to share mine.”

There are some really simple but especially effective words of advice provided in this book. They include but are not limited to:

  1. Lowering expenses is almost as good as earning more income.

  2. The first step as we all know in this household is to keep God first. We are supposed to seek Him in prayer and educate ourselves about how He wants us to live our lives. And part of living is handling money wisely.

  3. It is much easier to give when you don’t already have plans to spend your entire pay check.

  4. When you get your pay check, remove the tithe and savings portion before planning to spend a dime. It works like a charm.

  5. God shares with us that good understanding gains favor. It’s my responsibility to make sure you both learn from my experiences in order to make better choices in life. Managing money is definitely a skill used on a consistent basis.

  6. Prosperity isn’t all about money. Having a good peace of mind, minimal stress, and enjoying what you do daily is prosperous as well.

Although this book is a quick read – it could be completed in a day – it is full of useful and applicable advice with regards to finances. It is easily explained and I love that a lot of the principles are from stories or verses in the bible. God’s Word is a handbook we should use daily as we go about our own lives. There is so much advice in it for varying situations.

Likewise, authors that explore a particular topic in the bible and then create a book about this are worth reading. If unsure about aspects of the book, you can always refer to your bible. The Father’s Recipe for Personal Finance a Believer’s Guide is an enjoyable and easy read, full of valuable information. Highly recommended.  While your at it, why not add it to your to be read shelf on Goodreads?

Wealthy Christians Day 22: The Ability to Produce Wealth

Deuteronomy 8:18 – ‘You must remember the Lord your God, for he is the one who gives ability to get wealth…’

Some people seem to have this incredible knack for generating wealth. Do you know of someone who has amassed a fortune by 30 years of age? Or perhaps you’ve read about the 21 year old who has just purchased their fourth investment property?

Wealthy Christians Day 22: the Ability to Produce Wealth

Wealthy Christians Day 22: the Ability to Produce Wealth

There are those who can naturally make sales or wise investments. I believe however, if we desire to generate wealth to build God’s kingdom and we’re willing to listen to Him, he can help us learn to generate wealth. We can learn skills that will slowly and steadily generate a return that can be given back to God.

After all, it’s the same God who has made us all. It is not beyond his power to help us accumulate wealth. But we have to be willing to do things on God’s terms. Rick Warren, author of the Purpose Driven Life outlines a simple but effective concept for wealth builders:

  1. Acknowledge that it is God who gives us the ability to generate wealth. Give him the credit for it.
  2. With your business skill, use it to meet the needs of others and to spread the Gospel.
  3. Give a tithe of your earnings back into the church as an act of worship. (Don’t feel you have to limit your giving to 10% though!)

Don’t ever feel that you cannot produce wealth. If you are able to have money coming in, then you have the ability to save and it goes from here. How much you earn is up to you and God. Likewise, how much you save is down to using your finances wisely – which can be guided by God. Remember always, it is God who gives you the ability to produce wealth. Ask him to help you in this area, but remember always to acknowledge him in your earnings.

It is my prayer for you:

  • That you will be excited by the fact that it is God who grants you the ability to generate wealth, no one else.
  • That you will always acknowledge where your wealth comes from.
  • That you will desire to be a good steward of all finances entrusted to you.

Today’s prayer:
Lord I thank you that generating wealth isn’t solely down to me – you grant me the ability! Help me to be wise with my finances and to make wise decisions with regards to work and opportunities to earn and save.

Actionable ideas:
Be proactive six days a week to bring in income, develop residual income and increase the value of your property; rest on the seventh day knowing you have been hard working and that God not only ordains, but insists on His people resting so they don’t burn out.

Wealthy Christians Day 21: Use it or Lose it

Matthew 25:28 – ‘Take the talent from him and give it to the one who has ten talents.’

You can read over the whole parable of the talents in Matthew chapter 25. If we do not use the talents and finances that God has blessed us with, then our talents will decrease and our money will be lost. If however, we use what we’ve been given, God will increase it. Our skills will develop and improve. Our finances will grow and earn interest.

Wealthy Christians Day 21: Use it or Lose it

Wealthy Christians Day 21: Use it or Lose it

It really is as simple as use it or lose it. As was shown in the parable of the talents and the three servants – those who used what they were given were able to generate more. Because of this, they were seen as faithful and were given even more.

God wants us to use what we’ve been given – our skills, our passions and our finances. He wants us to use them for his glory. We can acknowledge that he gave us these attributes and because of him, we’re able to do things we enjoy and are good at; we’re able to earn income. In return, we should share him with everyone we can. We should be good examples of hard working, ethical people. We should use our finances to give back to him, a little of what he’s given to us.

For the one servant who was fearful, he did nothing with his talent. And the master questioned when he returned – why didn’t you at least put it in the bank? Are you using your talents and finances or are you digging a hole in the ground and burying them because you don’t want to risk failure or loss?

The irony here is that you are failing to do what God has asked of you. And you are losing many opportunities to give to those in need, to shine God’s light and to do something you love and are good at! Use it or lose it. Your talents are not just for you and neither are your finances – they are to bless others. Don’t be the person who is robbing others of a blessing because you won’t use your talents or finances.

It is my prayer for you:

  • That you will acknowledge that your talents and finances aren’t given to you just for you; they have a role to play in blessing others.
  • That you will be motivated to use what you have to hone skills and to generate income.
  • That you will acknowledge the skills and talents that are special to you, which could be used for God’s glory.

Today’s prayer:
Lord I thank you that you have made each and every one of us unique with varying skills, talents and financial circumstances. Help me to use all that I have for your glory.

Actionable ideas:
Establish a separate bank account for your child. If you put away $10 a week for 18 years, this totals $9,360 dollars for a deposit, education or something else. If you invested $10 a week for 18 years at 5% interest, this would total in excess of $14,600 at the end.

Wealthy Christians Day 20: Giving Obediently – The Impact of Wealthy Christians

Malachi 3:8 – 10 – “Will a mere mortal rob God? Yet you rob me. But you ask, ‘How are we robbing you?’ “In tithes and offerings. You are under a curse—your whole nation—because you are robbing me. 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.”

Can you imagine the impact we could have on the world if more Christians were to accumulate wealth? They would need one other quality in their lives for this to make a difference. They would also need to be obedient to giving. It is of little value to be Christian and to acquire great wealth, if you will not use it for God.

Wealthy Christians Day 20: Giving Obediently – The Impact of Wealthy Christians

Wealthy Christians Day 20: Giving Obediently – The Impact of Wealthy Christians

We’ve had a look at setting up a savings account and saving regularly. We’ve also looked at our budget in detail and discovered where we can cut back or make changes. The ability to generate further income has also been explored. Now I want to focus on giving.

There are many things that cannot be done in this world without money. Churches often struggle because their whole congregation is not obedient to giving.

Everything that we receive comes from God. It’s a pretty generous God who gives to us and then asks that in return we provide him with a tenth of this, to carry out his works on this earth. Ten percent seems like a small amount to me – but at the end of the day if everyone was tithing or providing offerings into God’s house, so much more could be done than is currently achieved.

It is my prayer for you:

  • That you will grasp the concept that all money comes from God and is given to you as an act of love and stewardship.
  • That you will endeavour to give a tithe or offering into your church regularly.
  • That you will find it within your means to give more than the ten percent that is talked about in regards to tithing.

Today’s prayer:
Lord I thank you that you have entrusted me with finances. Help me to give back to you that which is rightly yours, by investing in your church. Help me too, to pray for wisdom for the people who handle your finances in churches around the world.

Actionable ideas:
Be clear on payment terms before undertaking a job so that you know where you stand; don’t set yourself up to be dissatisfied if you learn someone else has better terms than what you agreed upon.

Wealthy Christians Day 19: Cash Flow

Luke 14:28 – ‘But don’t begin until you count the cost. For who would begin construction of a building without first calculating the cost to see if there is enough money to finish it?’

It is important that you know what you need to earn before you get paid anything. Not all jobs pay you as soon as you’ve completed a task or a day’s work. Some jobs pay fortnightly or even monthly – you have to work a set amount before you see any money. Just because you have earned a certain amount of money, doesn’t guarantee payment at a set time.

Wealthy Christians Day 19: Cash Flow

Wealthy Christians Day 19: Cash Flow

$100 is an important figure for me. I have a set goal of how much income I would like to earn each week on various projects that I do. This doesn’t always tie in however, with what I get paid in a given week. For example, some of my income comes in via:

  • Amazon affiliates
  • Amazon book sales
  • Google Adsense
  • Udemy – an online platform for courses
  • TeachersPayTeachers – a website for digital educational products

For the first three sources that allow me to earn money, I need to earn at least $100 in total before I am paid by them. For my book sales on Amazon, this has to occur in one particular currency. Most of my sales are made in the US and UK, so although I may accumulate the given $100 in a month, this doesn’t mean I’ll get paid if that sum spans over four different currencies!

It’s great to earn a large sum of money in any given week or month. It’s important to know however, that this money is going to get paid in the near future. It is very difficult to be a wealthy Christian if you are earning, but scraping by because you haven’t been paid!

In your endeavour to accumulate wealth, make sure you have sufficient cash flow. If money isn’t coming to you, then it cannot go through you for investments or blessing others. If you have a job that pays you monthly, then it is very important to be on top of your budget and know that you can make your pay stretch for a month until you are paid again.

If you are looking for other opportunities to earn, try to find possibilities that pay regularly so you consistently have money coming in that you can live on, save, tithe and invest.

It is my prayer for you:

  • That you will recognise the importance of regular cash flow, no matter what you earn.
  • That for income that is paid monthly or less frequently, that you will be able to budget this well to avoid any financial issues.
  • That you will be able to generate different streams of income that come in at different times of the month, to increase your cash flow.

Today’s prayer:
Lord I thank you for the possibility to earn, but for also getting paid once I have earned. Help me to find income earning opportunities that provide me with money on a regular basis, so that I am not left without or desperately waiting for pay day.

Actionable ideas:
Meal plan; organising what you will cook each week or month will help you to utilise what you have bought, rather than leave food unused in cupboards and buy other things.

Wealthy Christians Day 18: Offsetting Debt

2 Kings4:6 – 7 – ‘When the containers were full, she said to one of her sons, ‘Bring me another container.’ But he answered her, ‘There are no more.’ Then the olive oil stopped flowing. She went and told the prophet. He said, ‘Go, sell the olive oil. Repay your creditor, and then you and your sons can live off the rest of the profit.’’

If you are in a position to have purchased a house and acquired a mortgage, it may be worth considering if your savings are best utilised in a savings account. They may be better off in an offset account. This sits against your mortgage.

Let’s consider an example to explain the benefit of this.

You have $10,000 sitting in savings. In a savings account, it is able to earn you 3% per annum. This is around $300 a year in interest. At the end of the financial year, you will be paying tax on this $300, which will decrease the total.

Wealthy Christians Day 18: Offsetting Debt

Wealthy Christians Day 18: Offsetting Debt

If you opened up an offset account with your mortgage and deposited your $10,000 here, then it would be acting as if you had paid off $10,000 from your mortgage. So you would be saving interest on $10,000. Now your mortgage interest rate will be higher – let’s say around 4.5%. So you’re saving $450 of interest on your mortgage each year, rather than earning $300 which will then be taxed.

What do you feel is a better investment of your money? Earning interest or decreasing your debt with the same sum of money? This is entirely up to you. One thing you should note is that setting up an offset account after you have already established a mortgage will probably cost you a one-off fee. Chances are your interest rate will increase a little too, with this offset account.

Be sure to look into all the costs. A higher rate on your mortgage to open an offset account is only worth it if your savings are substantial enough to offset the interest.

This can be a great way to reorganise your finances if the savings are going to be available to you for a length of time. It may not be worth changing things if you have them for less than 12 months and then plan to use them on a holiday or other purchase. If you are planning to continue to build your savings however, this can be a wise financial change to make. And in time, as your debt decreases your mortgage payments may also be able to decrease, resulting in you saving more for your offset. This in time will result in your debt decreasing more and your repayments lowering. And so the cycle continues! Repaying debts is a great way to improve your financial future.

It is my prayer for you:

  • That you will recognise the different ways you can organise your money to best benefit your financial situation without having to bring in more income.
  • That you will decide what is better for your individual situation – earning interest on savings or decreasing debt with it.
  • That you will look into all conditions associated with financial accounts before committing to any.

Today’s prayer:
Lord I thank you that it is possible to rearrange my finances in many different ways that can benefit me. Help me to recognise all the options and to adjust as I see fit and then to stick with this change to see the benefits.

Actionable ideas:
Compare the benefits of saving money and earning interest with keeping loans down that are incurring you interest. A mortgage may charge 5% interest while savings earn you 4% interest. It is wiser financially to put extra funds against the mortgage and save interest of 5%, rather than earn interest of 4% that ends up getting taxed.

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