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Five Financial Tips From the Bible That Still Apply Today

Five Financial Tips From the Bible That Still Apply Today

When we think of financial wisdom, we often turn to modern-day financial gurus and bestselling authors. But some of the best financial advice comes from an ancient source: the Bible. These biblical principles remind us that true financial success is not just about accumulating wealth, but about making thoughtful, ethical decisions that benefit ourselves and others.

Here are five financial tips from Bible characters that are still applicable today.

5. Solomon: Prioritize Wisdom Over Wealth

Solomon is famously known for his unparalleled wisdom, but his financial acumen is equally impressive. In the Book of Proverbs, Solomon emphasizes that wisdom is far more valuable than wealth. He writes, “Better to have little with godliness than to be rich and dishonest” (Proverbs 16:8). This verse reminds us that true financial genius involves prioritizing integrity and wisdom over the mere accumulation of riches. In today’s world, this translates to making ethical financial decisions and valuing long-term benefits over short-term gains.

4. The Servant Who Invested the Talents: Take Calculated Risks

In Jesus’ parable of the talents, a master entrusts his servants with money before going on a journey. The first two servants invest their talents and double their amounts, while the third buries his out of fear. When the master returns, he praises the first two servants as “good and faithful” but rebukes the third as “wicked and slothful” (Matthew 25:14-30). This story highlights the importance of taking calculated risks with your finances. While investment involves risk, it is often necessary for growth. The lesson here is to avoid letting fear paralyze you and to seek opportunities that can yield fruitful returns.

3. Joseph: Prepare for the Future

Joseph, sold into slavery by his brothers, rises to become Pharaoh’s right-hand man in Egypt. During seven years of plenty, Joseph stores surplus grain, which saves Egypt during the subsequent seven years of famine (Genesis 41). Joseph’s foresight and prudent planning underscore the importance of saving and preparing for future uncertainties. In modern terms, this means building an emergency fund and investing in insurance to safeguard against unexpected financial hardships.

2. The Proverbs 31 Woman: Manage Your Resources Wisely

The Proverbs 31 woman is often celebrated for her virtuous character, but she also provides an excellent example of financial management. She engages in trade, invests in a vineyard, and ensures her household’s needs are met (Proverbs 31:16-18). Her diligence and entrepreneurial spirit illustrate the importance of managing resources wisely and diversifying income streams. Today, this might mean budgeting effectively, exploring investment opportunities, and seeking additional sources of income.

1. Zacchaeus: Use Wealth for Good

Zacchaeus, a tax collector, encounters Jesus and undergoes a profound transformation. He pledges to give half of his possessions to the poor and repay those he has wronged four times over (Luke 19:8). Zacchaeus’s story teaches us about the redemptive power of using wealth for good. It reminds us that financial success should not come at the expense of others and that true prosperity involves generosity and restitution. Modern application of this principle includes charitable giving and engaging in socially responsible investing.

© 2023 RELEVANT Media Group, Inc. All Rights Reserved.

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