The value of biblical wisdom is that it is transcendent. It does not need to be changed when new tax laws are passed. It stays the same with each new administration. It can be relied upon by every generation, regardless of income or net worth. As you increase in wealth and riches God’s way, these four principles are at the core of what you should build on. Guaranteed to stand the test of time
Principle 1: Spend less than you earn.
“In the house of the wise are stores of choice food and oil, but a foolish man devours all he has.” Proverbs 21:20.
Financial success and peace are based on having financial margin, a positive difference between what we spend and what we earn.
Principle 2: Avoid the use of debt.
“The rich rule over the poor and the borrow is servant to the lender.” Proverbs 22:7.
We can only serve one master. If our servitude has been committed to a lender, we are not financially and spiritually free to serve Christ with all of our heart.
Principle 3: Build reserves.
“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 gathers its food at harvest.” Proverbs 6:6-8.
Financial reserves give us the flexibility to respond to the unknown. According to the passage above, they do not represent a lack of faith, but a prudent response to planning for an unknown future.
Principle 4: Set long term goals.
“I press on toward the goal to win the prize for which God has called me heavenward in Christ Jesus.” Philippians 3:14.
Scriptures to Meditate: 250 Bible Verses About Money