What Does the Bible say about Money?
Wow, what a question. It may be easier to write about what the Bible does not say about money. There are approximately 2300 verses in the Bible discussing money. It includes dos, don’ts, investments, responsibilities, giving and many other topics. Yet the Bible was completed 2000 years ago, so paper currency, global financial markets, credit cards, and many other devices, ideas, and schemes were not even thought of much less written about. However, it would be very wrong to discount the Bible as irrelevant today for these or any other reasons. God’s Word gives us the instructions that we need, yet not always what we want.
The following are a few basics that we should to know from the Bible regarding money.
- God owns it all. He is God after all, The Creator of everything. It only makes sense that he owns it all. “For all the world is mine and everything in it.” Psalms 50: 12. Therefore, we should react as stewards, who manage another’s property, finances, or other affairs. A person with a fiduciary responsibility has the duty to manage the assets for the benefit of the person who owns them. Therefore, since God owns it all, we are stewards of the assets under our control. Certainly, we use the word “ownership” when referring to our money, property, and other assets. However, the truth according to the Bible is that it’s God’s and we are stewards. This is great news. God is the owner and in ultimate control. We have direct instructions from Him. Therefore, our success or failure depends on our relationship and meeting our responsibility to Him. We are judged by His standards, not the World’s standards. That is again great news, because His standards are set and given to us in His Word. The World’s standards of success or failure are different with each person, it’s a sliding scale of success or failure, and it’s a broken standard with a broken moral compass. Praise God, we have exact standards to meet with exact instructions to meet them. A warning here, many in the financial industry may not agree with this article at this point. However, this article is about truths according to God’s Word.
- We are responsible to God. Jesus told many stories about money. He knew that faith that had not reached someone’s wallet had not reached their heart. He said “If you are faithful in little things, you will be faithful in large ones. But it you are dishonest in little things, you won’t be honest with greater responsibilities. And if you are untrustworthy about worldly wealth, who will trust you with the true riches of heaven? … 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.” Luke 16: 10-13.
God knows that we must manage our money. He expects, encourages, and rewards us for managing it His way. According to the Bible, this is the surest way for us to be successful ourselves.
Investment advisory services offered through Sound Financial Strategies Group, Inc.("SFSG"), a Registered Investment Adviser. Securities offered through Comprehensive Asset Management and Servicing, Inc., ("CAMAS") Member FINRA/SIPC. SFSG and CAMAS are separate and unrelated companies. The opinions voiced in this article are for general information only. They are not intended to provide specific advice or recommendations for any individual and do not constitute an endorsement by CAMAS.
Posted on Fri, August 16, 2013
by Sound Financial Strategies Group