10 More Bible Lessons on Money That Are Relevant Today
There are some really brilliant and practical Bible lessons on money. The Bible has a ton to say about money; how to save it, how to manage it, and even how to invest it.
In my previous post, I talked about 10 lessons from the Bible about money, now I'm going to go over 10 more and show you how to apply them to modern-day financing.
Bible lessons on money
1. Depend on no one
The Bible says, “Aspire to live quietly, and to mind your own affairs, and to work with your hands as we instructed you so that you may walk properly before others and depend on no one.” Living quietly is one of my goals in life. I aspire to have a simple life, to avoid acquiring excess.
Don’t let yourself become dependent on other people. The borrower is a slave to the lender. Being self-sufficient and preparing for the future financially is so important.
I spend less money because I want fewer things. Needing less means I don’t have to earn as much. That means I can work less which enables me to spend more time doing the things I want to do. That comes from living simply.
2. Being content
“Not that I speak from want for I have learned to be content in whatever circumstances I am. I know how to get along with humble means and I know how to live in prosperity.”
I think that contentment is the answer to so many problems. This is why I practice no-spend months. Generally, in January or February, we will not spend any money. We'll have a 30-day spending fast. This helps us realize how little we need to be happy.
3. Saving money isn’t wrong
The Bible says, “If you are lazy, poverty will come on you like a robber.” Saving money is not a bad thing. It is good to be prepared.
In Corinthians, it talks about saving %20 of your money on the first day of every week so that you can prosper. If you don't have an emergency fund or retirement account, you're failing to protect yourself from poverty. Put your savings in a high-interest savings account. This way your savings can make money without any effort on your part.
4. Don’t worship money
In the book of Mathew, it says “No one can serve two masters. You will either hate one and love the other or you will be devoted to one and despise the other. You cannot serve both God and be enslaved to money.”
Money shouldn't be the most important thing in your life. We have to make sure money isn’t our top priority. That being said this shouldn’t be an excuse to neglect managing your money. You don't have to love it, but you should respect it. Having good finances can enable you to take back some of your life.
5. Avoid MLMs
The Bible doesn’t mention MLMs specifically, but Proverbs says, “Dishonest money dwindles away, but whoever gathers money little by little makes it grow.”
are so many get-rich-quick schemes out there. Make sure you earn your money honestly. There is nothing wrong with getting rich quickly as long as you do it honestly.
My plan revolves around building a company for five or ten years and then selling it for a large sum of money. The idea is to put in hard work for a long period and let that hard work pay off.
6. Don’t co-sign
This is discussed in two different places in the Bible. In Proverbs it is written, “Whoever puts up security for a stranger will surely suffer harm.”
The Bible also says, “One who lacks sense gives up a pledge and puts up security in the presence of his neighbor.”
Don't lend your friends and family money. If you want to give them money, give them money. Lending money can ruin a relationship.
7. Don't wait
Many people think they have to wait until they have extra money to start, investing, saving, or giving to charity. The Bible says, “he who is faithful in very little is also faithful in much. And one who is dishonest in very little is also dishonest in much.”
It was difficult for me to give to charity when I first got married because I felt like we needed all our money. Looking back, I'm grateful that I did. It helped me get in the habit of not being so attached to my money.
Build good financial habits early on even if you don't have much money. If you don't know how to manage your money when you don't have much, it doesn't matter how much more you get. You still won't be able to manage it.
8. Give to charity
“He who gives to the poor will not want but he who shuts his eyes will have many curses a little bit later.” In Proverbs, it says, “He says he who is generous will be blessed.”
Giving with no expectation of getting anything back is extremely rewarding. It changes your mindset about money when you focus on those who have less. Helping people in need will strengthen your relationship with money.
9. Manage your investments
“Know well the condition of your flocks and give attention to your herds, for riches do not last forever.”
Back in the day, your flocks and herds were your wealth. These days it might be crypto, real estate, or whatever you invested in. Pay attention to where your investments are so you don’t lose them. Practically speaking, this means setting up an emergency fund, creating a budget, and investing simply.
10. Seek wise counsel
“Plans fail for lack of counsel, but with many advisors, they succeed.”
I learned everything I know about finances from people like financial advisors, or others who had studied the topic. Find someone who you look up to and listen to their advice.
Bible lessons on money
I hope these lessons help bring you closer to your financial goals. Which lesson spoke loudest to you? Leave me a comment and let me know.
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