Summary: Time tested, biblically sound principles for getting out of debt and using money well. Also touches on matters of wrok.
Financial Principles for Success
Pastor Eric J. Hanson
Indebtedness is a form of slavery. (Proverbs 22:7)
Money is not God and should not be served (and worshiped) (I Timothy 6:10)
Our culture today encourages spending-spending-spending, and borrowing-borrowing-borrowing!
Your Great Grandparents’ culture encouraged living within your means, as did ALL earlier generations in the USA.
“Use it up. Wear it out. Make it do or do without.”
The Bible has huge amounts of instruction concerning money matters. These are not put there as mere suggestions. They are life principles. (Matthew 25:14-29: the Talents)
Talent: a standardized weight used for precious metals. A talent of silver was worth about $1950 in 1924 dollars, which is about $40,000 today. The man with five talents to use wisely had about $200,000 of his Lord’s money.
Everything, including us, is God’s property. Christians are “stewards” of God’s stuff.
Be an excellent worker: (Ephesians 6:5-8)
Be Wise in these matters:
• Plan ahead and be sure to have an emergency fund too.
• Don’t go into consumer debt.
• Be generous but not foolish.
• Partner up with God in tithes and offerings.
• Regard money as a tool, not a master.
• Make yourself valuable in matters of work (employment) by always learning and improving your skill set.
• Invest for the long haul too.
• Don’t buy foolishly (impulse buying for instance)