Category Archives: Plan Carefully and Seek Wise Advice

Ethics, Generate Income, Plan Carefully and Seek Wise Advice, Proverbs

Seek Wisdom Through God’s Word

Consistently reading and meditating on God’s word in Proverbs, and then actually applying it in our lives can bring a great harvest in our lives. Our Father has provided us with this depth of reference material on our relationships with others, with God, and even in our own personal choices. As human nature (and God’s nature) have not and will not change, this is never obsolete. Take care not to assume it has no relevance for today. Read carefully and with a humble heart such that the Spirit may use the scriptures to guide you personally in its application for your life.

I have included the verses most related to managing our finances, but always encourage you to read through the whole chapter.

Proverbs 13

4The soul of the sluggard craves and gets nothing,
But the soul of the diligent is made fat.

7There is one who pretends to be rich, but has nothing;
Another pretends to be poor, but has great wealth.

8The ransom of a man’s life is his wealth,
But the poor hears no rebuke.

10Through insolence comes nothing but strife,
But wisdom is with those who receive counsel.

11Wealth obtained by fraud dwindles,
But the one who gathers by labor increases it.

13The one who despises the word will be in debt to it,
But the one who fears the commandment will be rewarded.

14The teaching of the wise is a fountain of life,
To turn aside from the snares of death.

16Every prudent man acts with knowledge,
But a fool displays folly.

18Poverty and shame will come to him who neglects discipline,
But he who regards reproof will be honored.

20He who walks with wise men will be wise,
But the companion of fools will suffer harm.

21Adversity pursues sinners,
But the righteous will be rewarded with prosperity.

22A good man leaves an inheritance to his children’s children,
And the wealth of the sinner is stored up for the righteous.

23Abundant food is in the fallow ground of the poor,
But it is swept away by injustice.

25The righteous has enough to satisfy his appetite,
But the stomach of the wicked is in need.

The righteous has enough to satisfy his appetite. God will provide for the righteous to have “enough” and due to a righteous attitude they know to be content, rather than always wanting more. It is not a promise that we will have everything we want, but rather that we will simply have enough. With the help of the Spirit… “enough” can satisfy. I believe this applies for more than just food in God’s promises for His people.

Which verse(s) is the Spirit bringing to your attention and focus? Dwell on them and pray about it. Ask God to show you and help you make changes in your life.

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Remember that all you have belongs to God. Manage your money God’s way and use it for His glory rather than your own. Visit GrowGodsMoney.org .

Control Debt, Control Spending, Ethics, Generate Income, Greed, Investing, Optimizing Life, Plan Carefully and Seek Wise Advice, Saving, Stewardship, Treasures In Heaven

Biblical Guiding Framework For Financial Freedom

God lays out important principles for managing finances in the Bible. He wants His people to be wise stewards of the resources He provides.

In this article, we lay out a high-level framework that provides valuable insight for those who take the time to genuinely understand and apply it. I have paired the elements of the framework with some of the scriptures that support them, but there are many other scriptures that could be added.

You can also check out our Resources section of the website for other organizations with a great depth of material on this subject.

1 – Earn Money: Develop skill and work hard to generate income.

  • Colossians 3:23 – Work willingly at whatever you do, as though you were working for the Lord rather than for people.
  • Proverbs 6:9-11 – But you, lazybones, how long will you sleep? When will you wake up? 10 A little extra sleep, a little more slumber, a little folding of the hands to rest— 11 then poverty will pounce on you like a bandit; scarcity will attack you like an armed robber.

2 – Control Spending:  Set a budget that matches your income and stick to it in order to control spending. This budget should include short term “monthly expenses” but also saving ahead for long term expenses like a house, university education, future medical expenses, retirement, and contingency funds for the unknown.

  • Proverbs 6:6-8 – 6 Take a lesson from the ants, you lazybones. Learn from their ways and become wise! 7 Though they have no prince or governor or ruler to make them work, 8 they labor hard all summer, gathering food for the winter.

3 – Control Debt: Carefully consider any debt before committing.

  • Proverbs 22:7 – Just as the rich rule the poor, so the borrower is servant to the lender.
  • Romans 13:8 – Owe nothing to anyone—except for your obligation to love one another.

4 – Invest: Choose to invest your financial resources for growth. Don’t stuff your mattress with cash in hopes of avoiding risk.

  • Matthew 25:14-30 – Jesus teaches us through the parable of the talents. Click the link to read the scripture.
  • Ecclesiastes 11:1 – Send your grain across the seas, and in time, profits will flow back to you.

5 – Diversify Investments: Diversify investments to manage risks.

  • Ecclesiastes 11:2 – But divide your investments among many places, for you do not know what risks might lie ahead.

6 –Consider Carefully and Seek Wise Counsel: Whether choosing how you will earn income, how to control spending or debt, or how to invest to grow your finances you should carefully consider your strategy and seek wise counsel.

  • Proverbs 22:3 – A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.
  • Proverbs 15:22 – Plans go wrong for lack of advice; many advisers bring success
  • Proverbs 14:15 – Only simpletons believe everything they’re told! The prudent carefully consider their steps.

7 – Steward Your Financial Strategy: Once you establish your financial strategy you must periodically review and analyze all elements to ensure you are following it and it is effective. This applies to earning income, spending, debt, and investment.

  • Matthew 25:14-30 – Jesus teaches us through the parable of the talents not only that we should invest, but that a good steward periodically checks on the effectiveness of his investments and makes adjustments according to their performance.

8 – Ethics: Following God’s instruction in how we manage our finances is more important than the actual dollars themselves.

  • Proverbs 22:1 – Choose a good reputation over great riches; being held in high esteem is better than silver or gold.
  • Proverbs 22:5 – Corrupt people walk a thorny, treacherous road; whoever values life will avoid it.
  • Ecclesiastes 12:13 – That’s the whole story. Here now is my final conclusion: Fear God and obey his commands, for this is everyone’s duty.

9 – Do Not Be Greedy: To those who love money, they will never have enough. Money is a tool to serve God and to support yourself and your family. The draw to “get rich quick” brings much risk.

  • 1 Timothy 6:10 –  For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows.
  • Ecclesiastes 5:10 – Those who love money will never have enough. How meaningless to think that wealth brings true happiness!

10 – Store Up Treasure in Heaven

  • Matthew 6:20 – Store your treasures in heaven, where moths and rust cannot destroy, and thieves do not break in and steal.
  • 2 Corinthians 9:7 –  You must each decide in your heart how much to give. And don’t give reluctantly or in response to pressure. “For God loves a person who gives cheerfully.”
  • Proverbs 22:9 – Blessed are those who are generous, because they feed the poor

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Ethics, Greed, Plan Carefully and Seek Wise Advice, Proverbs

Seeking Righteousness and the Path to Abundant Life

We should caution ourselves to be thoughtful, prayerful, and humble while we read the wisdom of Proverbs. Read it slowly, verse by verse, seeking to soak it in and meditate on it. If we read it quickly and without thought we miss the point and we get no wiser. Be as a wise man, who listens to counsel and becomes wiser. I have selected the verses that can relate to finances, but encourage you to click the link and read through the whole chapter.

Proverbs 12

Contrast the Upright and the Wicked

1Whoever loves discipline loves knowledge,
But he who hates reproof is stupid.

5The thoughts of the righteous are just,
But the counsels of the wicked are deceitful.

9Better is he who is lightly esteemed and has a servant
Than he who honors himself and lacks bread.

11He who tills his land will have plenty of bread,
But he who pursues worthless things lacks sense.

12The wicked man desires the booty of evil men,
But the root of the righteous yields fruit.

15The way of a fool is right in his own eyes,
But a wise man is he who listens to counsel.

17He who speaks truth tells what is right,
But a false witness, deceit.

19Truthful lips will be established forever,
But a lying tongue is only for a moment.

20Deceit is in the heart of those who devise evil,
But counselors of peace have joy.

21No harm befalls the righteous,
But the wicked are filled with trouble.

22Lying lips are an abomination to the LORD,
But those who deal faithfully are His delight.

24The hand of the diligent will rule,
But the slack hand will be put to forced labor.

26The righteous is a guide to his neighbor,
But the way of the wicked leads them astray.

27A lazy man does not roast his prey,
But the precious possession of a man is diligence.

28In the way of righteousness is life,
And in its pathway there is no death.

Reflect on the last verse for awhile… “In the way of righteousness is life, and in its pathway there is no death.” Should we not all seek righteousness, not only to know it but to live it? Pray for God’s help and be humble enough to admit areas where you need to change and then change. Choose to follow after God rather than our own selfish nature.

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Remember that all you have belongs to God. Manage your money God’s way and use it for His glory rather than your own. Visit GrowGodsMoney.org .

Optimizing Life, Parables, Plan Carefully and Seek Wise Advice, Saving, Stewardship, Treasures In Heaven

The Ant And The Grasshopper – The Rest Of The Story

The environment and attitude in which we work and live, whether dictated by government, business, or within our own family, has a great influence on how we as a individuals and as a culture perform. It can help bring out the best in us or the worst.  We should consider this when selecting where we live and work and also when we have the opportunity to influence or guide the leadership of any of these institutions. We should seek first the kingdom of God and all else will fall into place. When we put our faith in the teachings of God and submit our lives to His principles we make the world a better place.

There is a well known, timeless fable of an ant and a grasshopper that goes something like this:

The fable concerns a grasshopper that spent the summer singing instead of working and saved nothing despite food being plentiful. He consumed everything he gathered with no thought of the future. The ant, on the other hand, worked hard and saved extra food to plan for winter. He made a plan and followed it rigorously, even when it looked like the grasshopper was having more fun while he was working hard.

Winter arrives and the grasshopper finds himself dying of hunger and begs the ant for food. The ant rebukes its idleness and tells it to dance the winter away now.

There are multiple versions of the fable, but the primary version ends with the ant basically letting the grasshopper die and casting even sarcastic words at him with no compassion. Most Christians would agree that the grasshopper was lazy and is now dealing with the consequences of his actions. However, the response of the ant also reveals that the ant does not reflect a Christian worldview, but a selfish one, content to gloat as the grasshopper dies.

There are many alternate endings we could explore, but I will limit myself to two in order to make a point. Both assume that the current ending has in itself a problem we would like to solve.

Alternate Ending 1: Government Must Solve the Problem, [continuing from where the fable left off above]

The other insects in the garden heard how rude the ant was to the grasshopper and came and took what the ant had and gave much of it to the grasshopper calling it “justice” and “equality”. The ant still had enough to get by… in fact he had the same amount as the grasshopper. Both survived winter, but in the following summer the ant, being clever, decided to disregard hard work and rely instead on the insects in charge to meet his needs when winter came by taking from others. When the next season came, there was no food because no one had worked hard and both the ant and the grasshopper died.

Alternate Ending 2: God Has Already Created A Solution, [continuing from where the original fable left off]

A praying mantis heard about the ant and the grasshopper and came to see the ant. He shared the gospel of Christ with the ant and the ant realized that he too made many mistakes, like the grasshopper, but his mistakes were different… like lack of compassion for others. The ant gave his life to Christ and then revised his plans. He learned that if he prepared well, worked hard, sacrificed, and saved… he would be in a position to give to help others. He did not need to be forced to give, but rather he wanted to give freely, as Christ had given so much to him.

The ant met with the grasshopper and shared his personal testimony with him. He then voluntarily gave the grasshopper some food to help him through the winter. Instead of giving half of what he had to the grasshopper, he gave only enough and also taught the grasshopper about hard work, planning, saving and stewarding preparations for the future. The grasshopper listened because he knew the ant cared for him.

When the next summer came around the grasshopper had learned much and because of the voluntary kindness of the ant in the name of Christ the grasshopper gave his life to Christ. They worked hard together and saved extra food in order to help others in the coming winter season. They planned well, worked hard, sacrificed and saved. When winter came they were able to help many insects.

Government taking from those who work hard to give to those who do not creates a dependence on the government. It does not really help those in need over the long term and it removes God from the equation making it a “right” or expectation for someone to receive something instead of them being grateful to God or His provision. When we voluntarily give in the name of God we show His grace and love and can lead many to Christ. But we truly help them when we teach them how to fish instead of giving them a place to come ask for a fish every day.

Does your financial plan and stewardship prepare you to give to those in need in the name of Christ? Or will you instead have just enough for yourself?

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Remember that all you have belongs to God. Manage your money God’s way and use it for His glory rather than your own. Visit GrowGodsMoney.org .

Blessing or Curse, Generate Income, Optimizing Life, Plan Carefully and Seek Wise Advice, Saving, Stewardship

God’s Blessings and Financial Stewardship: Lessons from Jacob’s Imperfect Journey

Sometimes I am amazed where I find insight in God’s word for a given topic. I was reading about Jacob in Genesis. We get insight to see Jacob from beginning to end in his relationship with God. It struck me that like so many of us, as he lives out his life and grew more and more committed to God, He did so quite imperfectly… like all of us who try to serve God.  Genesis 30 documents many mistakes, and the consequences of those mistakes on Jacob and his family. God, however, has not removed His blessing or promise from Jacob and Jacob prospers financially. There are a few important nuggets to consider in his attitude during a tough spot in his life.

Genesis 30:25-43

   25Now it came about when Rachel had borne Joseph, that Jacob said to Laban, “Send me away, that I may go to my own place and to my own country. 26“Give me my wives and my children for whom I have served you, and let me depart; for you yourself know my service which I have rendered you.” 27But Laban said to him, “If now it pleases you, stay with me; I have divined that the LORD has blessed me on your account.” 28He continued, “Name me your wages, and I will give it.” 29But he said to him, “You yourself know how I have served you and how your cattle have fared with me. 30“For you had little before I came and it has increased to a multitude, and the LORD has blessed you wherever I turned. But now, when shall I provide for my own household also?” 31So he said, “What shall I give you?” And Jacob said, “You shall not give me anything. If you will do this one thing for me, I will again pasture and keep your flock: 32let me pass through your entire flock today, removing from there every speckled and spotted sheep and every black one among the lambs and the spotted and speckled among the goats; and such shall be my wages. 33“So my honesty will answer for me later, when you come concerning my wages. Every one that is not speckled and spotted among the goats and black among the lambs, if found with me, will be considered stolen.” 34Laban said, “Good, let it be according to your word.” 35So he removed on that day the striped and spotted male goats and all the speckled and spotted female goats, every one with white in it, and all the black ones among the sheep, and gave them into the care of his sons. 36And he put a distance of three days’ journey between himself and Jacob, and Jacob fed the rest of Laban’s flocks.

37Then Jacob took fresh rods of poplar and almond and plane trees, and peeled white stripes in them, exposing the white which was in the rods. 38He set the rods which he had peeled in front of the flocks in the gutters, even in the watering troughs, where the flocks came to drink; and they mated when they came to drink. 39So the flocks mated by the rods, and the flocks brought forth striped, speckled, and spotted. 40Jacob separated the lambs, and made the flocks face toward the striped and all the black in the flock of Laban; and he put his own herds apart, and did not put them with Laban’s flock. 41Moreover, whenever the stronger of the flock were mating, Jacob would place the rods in the sight of the flock in the gutters, so that they might mate by the rods; 42but when the flock was feeble, he did not put them in; so the feebler were Laban’s and the stronger Jacob’s. 43So the man became exceedingly prosperous, and had large flocks and female and male servants and camels and donkeys.

Laban realized that he was blessed because of association with Jacob, who serves God. Jacob, despite his mistakes, has been a witness to Laban and Laban wishes him to stay. Before we give Laban too much credit, though, his reason for wanting Jacob to stay is selfish and greedy. He has financially prospered with Jacob. Laban shows no interest in worshipping or serving God or even thanking God.

Jacob, however also realized that he needed to begin investing not only in Laban’s flock but also in preparing for his own household for the future.  Jacob was willing to leave without pay other than the wives (and children) he had agreed to previously… even though Laban’s flocks have clearly prospered under Jacob’s care. Jacob demanded nothing extra, and was willing to leave with only his agreed upon wages (e.g. his wives and children) and God’s promise. He did not demand more than he agreed to just because Laban had prospered. He did not resent Laban and wish him ill because of his success.

However, God made a way for Jacob to prosper from his hard work helping with Laban’s flocks for those fourteen years. When Laban suggests Jacob name his price, Jacob finds wisdom in a solution that meets both his need and Laban’s, so he stays. Jacob tends the flocks and prospers exceedingly.

Each of us should consider…

  • Am I planning responsibly for my future needs and those of my family similar to Jacob?
  • Do I trust God to provide for me, adhering to His principles and values?
  • Do I keep my word and live up to my agreements? or do I demand more from someone just because they prosper from the work I agreed to do?
  • Do I resent someone else’s success or am I satisfied with the wages I agreed to?
  • Of course it is also acceptable when our agreements have concluded to negotiate for better terms in the future based on the quality of our work. If all parties agree, we have a new agreement. If not, we should not resent the other, but just make a different choice to pursue our goals… just as Jacob was willing to leave. At no point did Jacob think of Laban as an enemy.
  • Do I recognize that if / when God blesses his people in financial matters it seldom comes overnight or without hard work, faith, and planning? Jacob, like Abraham before him, trusted God and worked hard over many years to generate his wealth. God blessed his hard work and it was fruitful. God does not reward laziness or lack of faith.

Yes, we can still get much wisdom to apply for our lives by reading and studying the Bible, all of it. I encourage you to spend time every day in God’s word. I have found it to be very fulfilling in my life and my relationship with God.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Diversification, Plan Carefully and Seek Wise Advice

Do Not Catch A Falling Knife

When cooking in the kitchen we may remind ourselves not to catch a falling knife. We recognize it will cut us if we catch it on the way down. It is better to let it fall, getting hands and feet out of the way… and then pick it up.

However, sometimes it is easier said then done. Reflex kicks in when the knife drops and we reach for it. To avoid grabbing the knife as it falls typically requires planning ahead of time not to catch it and then discipline to avoid reaching for it. It is easy to make a mistake when reacting to a situation without upfront planning.

The same is true for many investments… in particular the stock markets when we see dramatic declines in a market. Sometimes the temptation is to jump in quickly to a market that is seeing dramatic declines. However, this can be a lot like trying to catch a falling knife. Sometimes the market will rebound and sometimes it continues to fall. You may want to wait to make sure it has finished falling before you get substantially in. You certainly don’t want to make that decision on a reflex or without a plan.  A market decline is one of the times that a clear, well thought out plan really helps.

For effective long term “investors”, or the “investment” section of our portfolios, a sharp decline can be a good opportunity to buy some stocks you have already researched and targeted.  An effective long term investor already had a plan for a market decline. They had cash or liquid fixed income on the sidelines they could use to buy stocks when the price falls. They have an idea of what they want to buy and for what time horizon. They have already considered a strategy to cost average in or rebalance their portfolios as the markets decline. They are less “reactive” and minimize risk of “panic” decisions because they had a clear plan.

If you are a long term investor and did not prepare for a decline… maybe your plan was just to ride out the short term storms, holding the same assets you held on the way in. While this is a long term strategy and it minimizes the chance for panic selling at a market bottom, you may want to look for a chance to rebalance your portfolio.  Are there some investments you think have a better chance of recovering quickly than the ones you are currently holding?  Do not rush into changing your strategy. Consider carefully. You may want to seek competent professional advice.

If you are a non professional “trader” or have part of your portfolio reserved for trading you want to consider a few key points.

  • You should already have a plan for this scenario. If you had a good plan you should stick to it… or at least revisit it before you start making quick decisions to buy or sell stocks on emotion or reflex.
  • If you didn’t… you are now reacting with emotion and reflex. Take some time to ensure you are calm and evaluate a strategy from where you are at the moment.
  • Avoid the psychology of holding onto a losing position… hoping it to become a winning position if you can hold out long enough.  Try to make decisions based on the facts rather than emotion.
  • If the basic reasoning, or thesis, for your trades is no longer valid you need to be willing to change your positions (take a loss if necessary) and position for recovery.
  • Avoid the assumption that you “must be near the bottom” and thus can put everything into the market. Be prepared for the market to stabilize, recover, or continue declining. Avoid “betting” on one direction.

If you are a non-professional trader and have a large portion (or all) of your portfolio dedicated to “trading” instead of a more stable approach with some dedicated to longer term “investing”… now may be a good time to reconsider. You may look at “trading” into some high quality names, perhaps with dividend, diversified across sectors and convert some of your portfolio to “investment” as diversification to your “trading” portfolio.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Greed, Optimizing Life, Plan Carefully and Seek Wise Advice, Treasures In Heaven

Living Beyond Worry: Trusting God’s Provision for Your Needs

Jesus speaks to us in Matthew 6:19-34 about a righteous attitude toward money and possessions and also reminds us how important it is that we ensure we are following God’s instruction, God’s light,  to guide our path.

19 “Don’t store up treasures here on earth, where moths eat them and rust destroys them, and where thieves break in and steal. 20 Store your treasures in heaven, where moths and rust cannot destroy, and thieves do not break in and steal. 21 Wherever your treasure is, there the desires of your heart will also be.

22 “Your eye is a lamp that provides light for your body. When your eye is good, your whole body is filled with light. 23 But when your eye is bad, your whole body is filled with darkness. And if the light you think you have is actually darkness, how deep that darkness is!

24 “No one can serve two masters. For you will hate one and love the other; you will be devoted to one and despise the other. You cannot serve both God and money.

25 “That is why I tell you not to worry about everyday life—whether you have enough food and drink, or enough clothes to wear. Isn’t life more than food, and your body more than clothing? 26 Look at the birds. They don’t plant or harvest or store food in barns, for your heavenly Father feeds them. And aren’t you far more valuable to him than they are? 27 Can all your worries add a single moment to your life?

28 “And why worry about your clothing? Look at the lilies of the field and how they grow. They don’t work or make their clothing, 29 yet Solomon in all his glory was not dressed as beautifully as they are. 30 And if God cares so wonderfully for wildflowers that are here today and thrown into the fire tomorrow, he will certainly care for you. Why do you have so little faith?

31 “So don’t worry about these things, saying, ‘What will we eat? What will we drink? What will we wear?’ 32 These things dominate the thoughts of unbelievers, but your heavenly Father already knows all your needs. 33 Seek the Kingdom of God[e] above all else, and live righteously, and he will give you everything you need.

34 “So don’t worry about tomorrow, for tomorrow will bring its own worries. Today’s trouble is enough for today.

Jesus reminds us that if we focus our time and energy on generating money and possessions in this world, we are focusing on the wrong things. Money and possessions are temporary. They will not last. We can not serve both money and God. One or the other may be our master, but not both.

While it is right to plan for the future, worrying about tomorrow is not helpful. It can not add a single moment to our lives, and if you study the adverse health impacts of stress you come to realize that worry may actually shorten our lives or negatively impact our health. We must put our trust in God… the creator of the universe who loves each of us individually us as a father loves a child.

Jesus reminds us also that those who think they see the light clearly… understand right and wrong… understand God and His will… but do not truly know Him are in trouble. They are in utter darkness, but not even searching for the true light to guide their path for they think they already have it. To ensure we stay connected to God’s will we must anchor our understanding of His character and will in the Bible and have an active, personal prayer life to come humbly before our lord and savior on a regular basis.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Control Debt, Control Spending, Diversification, Ethics, False Teaching, Generate Income, Greed, Optimizing Life, Plan Carefully and Seek Wise Advice, Saving, Speculative Investment, Stewardship, Treasures In Heaven

Biblical Guiding Framework For Financial Freedom

God lays out important principles for managing finances in the Bible. He wants His people to be wise stewards of the resources He provides.

In this article we lay out a high level framework that  provides valuable insight for those who take time to genuinely understand and apply it. I have paired the elements of the framework with some of the scriptures that support them, but there are many other scriptures that could be added.

You can also check out our Resources section of the website for other organizations with a great depth of material on this subject.

1 – Earn Money: Develop a skill and work hard to generate income.

  • Colossians 3:23 – Work willingly at whatever you do, as though you were working for the Lord rather than for people.
  • Proverbs 6:9-11 – But you, lazybones, how long will you sleep? When will you wake up? 10 A little extra sleep, a little more slumber, a little folding of the hands to rest— 11 then poverty will pounce on you like a bandit; scarcity will attack you like an armed robber.

2 – Control Spending:  Set a budget that matches your income and stick to it in order to control spending. This budget should include short term “monthly expenses” but also saving ahead for long term expenses like a house, university education, future medical expenses, retirement, and contingency funds for the unknown.

  • Proverbs 6:6-8 – 6 Take a lesson from the ants, you lazybones. Learn from their ways and become wise! 7 Though they have no prince or governor or ruler to make them work, 8 they labor hard all summer, gathering food for the winter.

3 – Control Debt: Carefully consider any debt before committing.

  • Proverbs 22:7 – Just as the rich rule the poor, so the borrower is servant to the lender.
  • Romans 13:8 – Owe nothing to anyone—except for your obligation to love one another.

4 – Invest: Choose to invest your financial resources for growth. Don’t stuff your mattress with cash in hopes of avoiding risk.

  • Matthew 25:14-30 – Jesus teaches us through the parable of the talents. Click the link to read the scripture.
  • Ecclesiastes 11:1 – Send your grain across the seas, and in time, profits will flow back to you.

5 – Diversify Investments: Diversify investments to manage risks.

  • Ecclesiastes 11:2 – But divide your investments among many places, for you do not know what risks might lie ahead.

6 –Consider Carefully and Seek Wise Counsel: Whether choosing how you will earn income, how to control spending or debt, or how to invest to grow your finances you should carefully consider your strategy and seek wise counsel.

  • Proverbs 22:3 – A prudent person foresees danger and takes precautions. The simpleton goes blindly on and suffers the consequences.
  • Proverbs 15:22 – Plans go wrong for lack of advice; many advisers bring success
  • Proverbs 14:15 – Only simpletons believe everything they’re told! The prudent carefully consider their steps.

7 – Steward Your Financial Strategy: Once you establish your financial strategy you must periodically review and analyze all elements to ensure you are following it and it is effective. This applies to earning income, spending, debt, and investment.

  • Matthew 25:14-30 – Jesus teaches us through the parable of the talents not only that we should invest, but that a good steward periodically checks on the effectiveness of his investments and makes adjustments according to their performance.

8 – Ethics: Following God’s instruction in how we manage our finances is more important than the actual dollars themselves.

  • Proverbs 22:1 – Choose a good reputation over great riches; being held in high esteem is better than silver or gold.
  • Proverbs 22:5 – Corrupt people walk a thorny, treacherous road; whoever values life will avoid it.
  • Ecclesiastes 12:13 – That’s the whole story. Here now is my final conclusion: Fear God and obey his commands, for this is everyone’s duty.

9 – Do Not Be Greedy: To those who love money, they will never have enough. Money is a tool to serve God and to support yourself and your family. The draw to “get rich quick” brings much risk.

  • 1 Timothy 6:10 –  For the love of money is the root of all kinds of evil. And some people, craving money, have wandered from the true faith and pierced themselves with many sorrows.
  • Ecclesiastes 5:10 – Those who love money will never have enough. How meaningless to think that wealth brings true happiness!

10 – Store Up Treasure in Heaven

  • Matthew 6:20 – Store your treasures in heaven, where moths and rust cannot destroy, and thieves do not break in and steal.
  • 2 Corinthians 9:7 –  You must each decide in your heart how much to give. And don’t give reluctantly or in response to pressure. “For God loves a person who gives cheerfully.”
  • Proverbs 22:9 – Blessed are those who are generous, because they feed the poor

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Control Debt, Control Spending, False Teaching, Generate Income, Investing, Optimizing Life, Parables, Plan Carefully and Seek Wise Advice

The Way of a Fool Is Right In His Own Eyes

We should be careful to listen to God’s advice. Those who wish to become wise, who love knowledge, must accept discipline and correction… must recognize that others may have more wisdom in some areas than ourselves. That is how we learn and get better.

Proverbs 12:1 and 15

1Whoever loves discipline loves knowledge,
But he who hates reproof is stupid.

 15The way of a fool is right in his own eyes,
But a wise man is he who listens to counsel.

If you are not humble enough to acknowledge that others may have wise input worthy to consider, that you may have made or be making mistakes than you will continue to make mistakes.

Be humble. Seek wisdom. Accept correction from God and from others. Learn from it. Grow in wisdom.

These fundamentals apply to all aspects of life… and certainly to all aspects of managing your finances. There are great examples of public organizations or private advisors that can help. Most people even have others around them that may have good input.

For a few examples, please visit our resources section of our website.

Resources

Our mission is to help you. We provide the Resources section of GrowGodsMoney.org to help provide you with greater depth of resources by referring you to high quality organizations that have a lot of great content or provide a financial service (e.g. broker for investments).

We do not get paid by these organizations for referrals. We do not “compete” with these institutions, but rather see ourselves as part of the body of Christ in connecting you with helpful resources they already provide.

If there are resources you would like to recommend or give us feedback on, please send us information from the Contact Us page.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .

Control Debt, Control Spending, Ethics, Generate Income, Investing, Plan Carefully and Seek Wise Advice, Proverbs, Saving, Stewardship

Victory Comes Through Wise Counsel

We are all at different experience levels and have different gifts in regard to many aspects of life that affect our finances. We have a certain perspective that contains some bias based on our prior experiences and personality. We will better understand a situation well if we approach it from multiple perspectives including wise counsel from those we trust.

Proverbs 11:14

  14Where there is no guidance the people fall,
But in abundance of counselors there is victory.

I remember a great example where my family was walking from a van to the entrance of some entertainment we were going to on vacation. I was focused on the destination, where is the gate, where do I buy tickets, and “marching” quickly with purpose. Yes I was focused on my goals. My wife, however, also interested in our shared goal, had a very different perspective. As I promptly walked passed a beautiful flower display she gently tugged at my arm and showed it to me. I am glad she did. We were approaching the same situation and had the same goals, but very different perspectives while doing so. Together we had a better view then individually.

This same concept is true for controlling debt, controlling our spending, behaving according to the ethics and guidelines that God has lined out for us in the Bible, making decisions with regards to generating income, saving, investing and stewarding our finances. Seek wise counsel from people you can trust or from professionals. To seek counsel does not mean you must follow it. It simply provides more background and understanding and perspective to help you make wise decisions and achieve victory on your goals. Of course, we should be cautious as to who we trust and how we weigh the opinions and insight of others. To listen to the counsel of a fool is to join him in his folly.

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Remember that all you have belongs to God. Manage your money God’s way. Visit GrowGodsMoney.org .