Money Management

sctousa

Seven Biblical Secrets

for Achieving

Financial Security


Dear friend,

The booklet you hold in your hands is

one in a series designed to help you with

practical “hands-on” information in your

personal search for a better life and to

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No matter who you are or where in life

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of a loved one, overcoming an addiction,

or working through stress or financial

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We trust this booklet and others in the

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through each passage of life.

—The Publishers


Seven Biblical Secrets

for Achieving

Financial Security


Copyright © 2011

PROJECT: Steps to Christ, Inc.

302 Foster Road

Fort Covington, NY 12937

Printed in the USA

Scripture taken from the New King James Version.

Copyright © 1982 by Thomas Nelson,Inc. Used by permission.

All rights reserved.


Seven Biblical Secrets

for Achieving

Financial Security

by Victor Parachin

After Josh and Becky were married, they

continued working at their respective

jobs. Even though their combined income

was substantial, they began to assume

debt. “Initially, it was small,” Josh explains. “We

used credit cards for clothing purchases, vacations,

for holiday gifts, and then to pay for

some classes Becky needed. When our cars

needed major repairs, we charged those up as

well. Before long, we discovered that after paying

our monthly rent and setting aside grocery

money, we did not have enough to cover the

other payments.” With the passing of months,


2

Josh and Becky quickly found themselves in a

sea of debt. “Too often we succumbed to the

temptation to ‘buy now, pay later.’ What we

discovered, sadly, was that it became ‘buy now,

regret later.’”

With some wise planning, frugal living and

cautious spending, Josh and Becky will be able

to chisel away at their debt. It will take time—

several years—but it can be done. However,

their situation is one to be avoided. Like many

people, Josh and Becky’s problem is not a lack

of money, but how they view their money and

what they do with it. The Bible offers many

lessons about money. An important one, especially

in this day and age when consumer debt

is at an all time high, is to avoid indulgence.

Wisely the Bible reminds us that achieving financial

freedom and security means controlling

the tendency to spend more than what can

be afforded. The apostle Paul writes: “But…

all uncleanness or covetousness, let it not even

be named among you, as is fitting for saints”

(Ephesians 5:3).

The Bible addresses finances because the

writers of Scripture know that money matters.


Here are seven Bible secrets for achieving

financial security and stability.

1

Live by This Truth: God has the

Power to Supply All Your Needs

This is clearly the teaching of the Bible:

“My God shall supply all your need according

to His riches in glory by Christ Jesus”

(Philippians 4:19). Our Creator has filled our

universe with abundance. If you live in a state

of constant worry and frustration over financial

matters, consider whether or not your view of

God is too negative and limiting. The Bible never

speaks in terms of God’s limitations, but in

terms of His infinite ability to meet your needs.

Consider these passages in Scripture, which

stress God’s desire to bless your life with abundance

and fullness:

• Malachi 3:10—“ ‘Bring all the tithes into

the storehouse, that there may be food in

My house, and try Me now in this,’ Says the

Lord of hosts, ‘If I will not open for you the

windows of heaven and pour out for you

such blessing that there will not be room

enough to receive it.’ ”

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• Psalm 23:5—“You prepare a table before

me in the presence of my enemies; You

anoint my head with oil; my cup runs over.”

• Psalm 36:8—“They are abundantly satisfied

with the fullness of Your house, and

You give them drink from the river of

Your pleasures.”

• John 10:10—“The thief does not come except

to steal, and to kill, and to destroy. I

have come that they may have life, and that

they may have it more abundantly.”

• Deuteronomy 30:9—“The Lord your God

will make you abound in all the work of

your hand, in the fruit of your body, in the

increase of your livestock, and in the produce

of your land for good. For the Lord

will again rejoice over you for good as He

rejoiced over your fathers.”

• Psalm 132:15—“I will abundantly bless her

provision.”

• John 1:16—“And of His fullness we have all

received, and grace for grace.”


Read and reread these types of scriptures

so that they thoroughly saturate your mind

and spirit, wiping away any thoughts of lack

and limitation.

2

Give Methodically

The Bible instructs us to give a portion of

our money away to help others, to support

the Church, and to support worthy organizations.

We are asked to give something back

as a testimony of our gratitude to God for His

generosity in the first place and to acknowledge

His ownership of everything we have and are. In

Scripture, we are asked to return a “tithe” or ten

percent of our income, plus freewill offerings.

For example, in Leviticus 27:30 we read: “And

all the tithe of the land, whether of the seed of

the land or of the fruit of the tree, is the Lord’s.

It is holy to the Lord.” Similar instructions can

be found in Numbers 18:21, Deuteronomy 12:6,

14:28, 26:12. If you feel you are unable to begin

giving at the tithe or ten percent level, read

Malachi 3:10 over and over until you take God

at His word. Those who give methodically

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discover that their gifts not only bless others but

they themselves have more.

Consider the example cited by Dr. Robert

Schuller. He says that even people on limited,

restricted incomes ought to live by the principle

of tithing. He cites the case of his mother. In the

years before her death, she was living on a total

annual gross income of a little under $3,000. Yet

every year she wrote a check for $300 to support

Dr. Schuller’s ministry. “I would get a check for

that amount each year around Thanksgiving.

She lived on the balance of $2,700 during the

remainder of the year. But somehow she always

managed to have a little something to send the

grandchildren each year at Christmas.” She also

sent cash gifts to the grandchildren each year

on their birthdays. “She managed to maintain

her two-story house. When my mother passed

away, she left an inheritance that surprised all

the children, including myself. Truly, nobody

has a money problem—it’s a management problem,”

Dr. Schuller says.

3

Give

and You Will Receive

As we share of our abundance, the Bible

also makes clear that even more blessings


will come our way as a result of our generosity.

Jesus says, “Give, and it will be given to you:

good measure, pressed down, shaken together,

and running over will be put into your bosom.

For with the same measure that you use, it will

be measured back to you” (Luke 6:38).

Similarly, Paul teaches: “But this I say: He

who sows sparingly will also reap sparingly, and

he who sows bountifully will also reap bountifully”

(2 Corinthians 9:6).

One who discovered the truth of the principle

of giving and receiving, sowing and reaping,

is Paul J. Meyer. Shortly after World War II,

he went into sales and by age twenty-seven had

acquired a personal net worth of $1,000,000.

That year he began to tithe his income. His faith

was severely tested because six months after he

began tithing, he lost 90 percent of his net worth

due to a business fiasco that he was not responsible

for. In spite of his reversal of fortune, he

continued to tithe. “The Bible does not say anything

about bringing the tithe ‘when you can afford

it’ or paying it ‘with whatever is left over,’”

he says. “Paying the tithe is simply a principle of

stewardship, whether you have a lot of money

or not.” As Meyer continued to be faithful in

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tithing, things began to change, doors began to

open. Before long, he was blessed with an abundance

of income.

4

Give Joyfully

“God loves a cheerful giver,” declares the

apostle (2 Corinthians 9:7). Be certain

that your giving is done in the right spirit. Rather

than thinking of giving as “What can I spare?”

shift to the positive tone, “What can I share?”

Many years ago Pastor Norman Vincent Peale,

pastor of Marble Collegiate Church in New

York City, was giving a speech at a Rotary convention.

A man came up to the head table, asking

if he could show Pastor Peale his income tax

returns for the previous three years. “The first

one I looked at was a net of $85,000. The next

one was $165,000. And the net for the third was

$424,000,” Dr. Peale recalled. “What are you going

to do this year?” he asked the man. “It will

be bigger,” was the reply.

Then, Pastor Peale asked the man why he

was sharing his tax returns. The man explained

to Pastor Peale he had been born into the “worst

kind of poverty and hated it.” A teacher gave

the man one of Pastor Peale’s books. As a result


of reading it, the man became a committed

Christian, graduated from college and began to

enjoy financial success. As his income grew, the

man had a spiritual insight: “I must not dedicate

myself to making money. So what I’ve done is

to take enough to keep my family in good circumstances,

and then I’m giving the rest of my

money to help needy people, to help good enterprises,”

he said joyfully. In thinking back over

that encounter, Pastor Peale says: “There is a

man who is going to live a great life, because…

he knows that making money just to make money

is unworthy, but making money to help other

people is an act of God.”

5

Develop a Spirituality of Money

Money, in itself, is neither good nor bad.

It is the misuse and abuse which creates

problems. That is why the Bible notes: “For

the love of money is a root of all kinds of evil,

for which some have strayed from the faith

in their greediness, and pierced themselves

through with many sorrows” (1 Timothy 6:10).

Maintaining a healthy attitude toward money

can go a long ways to establishing proper priorities

and use for that money. In his book, Secular

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Sanctity, Edward Hayes, a Catholic priest, offers

these guidelines for developing a spirituality

about money:

A. Money is a legitimate source of pride. “It is

good to be proud of having earned it, for

money is a sign of a job well done. Every

paycheck is a pat on the back.”

B. Money should be used to nourish our body

and soul. “Part of our income goes for food,

clothing, shelter, and also for wholesome

recreation. This expression of self-love is

good and holy.”

C. Money is a sign of the larger community to

which we belong. “With part of your money

you pay taxes. You should rejoice that

this helps to build highways, pay teachers’

salaries, and patch up the potholes in the

street in front of your house.”

D. Money withheld by the government is one

way we respond to Christ’s call to help others.

“Some of your money goes into our

social service programs and is given to

the elderly and the needy. So, a part of you

puts food on the plate of some aged man


11

or woman or helps pay the rent of an elderly

person. By means of this withholding

payment, you are able to put flesh on the

words that Jesus speaks about, seeing Him

in those who are in need.”

E. Money shared is our expression of love.

“In numerous ways we are inclined to use

parts of our money on gifts to those we

love, to friends, and to those organizations

and activities we feel are important to the

world and to the growth of the human

spirit. Whenever we give a gift of money,

we could seal it with a kiss or a wink… saying,

This is my body… this is me… this is

my love.”

6

Save

This means being cautious and wise with

expenditures. “The word ‘thrift’ may

seem old-fashioned to some people, but I believe

it is the most logical answer to most of our

money problems,” says Pastor Norman Vincent

Peale. “This, of course, may not be easy, but it is

good for us to deny ourselves. Pray and ask God,

‘Do I really need this?’ The pleasure of giving up


12

something now and saving for the future adds

delight to life.”

Keep in mind that saving is made much

easier when there is no credit card debt. Avoid

using any credit cards unless it is an emergency

and then do your best to pay off the balance

monthly. Otherwise, you will begin to amass

sizeable interest payments on those credit cards.

So troublesome is credit card debt that David

Bach, author of Smart Couples Finish Rich, declares:

“Credit card debt can destroy a marriage.

I don’t care how much two people may love

each other, if one of them is constantly spending

the couple into debt, I can promise you that

eventually the relationship will fall apart. If

both parties are running up debts, it will simply

end much sooner.” He explains that there are

two reasons for his strong caution about credit

card debt: “First of all, carrying credit card debt

is stressful. Knowing that you owe a company

money and that you’re being charged as much

as 20 percent interest on the outstanding balance

will make even the most laid-back person

anxious. Second, the anxiety never goes away;

it’s there—all day, every day—until the debt is

paid off. A stressful relationship is not a happy


13

relationship and unhappy relationships usually

don’t last.”

7

Invest Wisely

Be sure that what you save is wisely invested

where it can grow and produce

still more. Remember Jesus’ parable of the talents

(Matthew 25) where a master gave money

to three different people. Later he checked in

with them to see what they had done with it.

One of the three simply buried his money in the

backyard because he was afraid of losing it. The

master was angry saying his behavior was horrible.

“[Therefore] you ought to have deposited

my money with the bankers, and at my coming

I would have received back my own with interest,”

he declared (Matthew 25:27).

If you are not sure about ways of investing,

consider working with a financial advisor. “The

rich almost always use financial advisors,” notes

David Bach. “Eighty-nine per-cent of investors

with portfolios worth more than $100,000 prefer

to hire a financial advisor. That’s something

to think about if you are not yet as rich as you

want to be,” he says. “Hiring a financial professional

to assist you is not a sign that you are weak


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or lazy. Smart, successful people hire coaches all

the time. Tiger Woods, who was arguably the

greatest golfer ever, worked with a golf coach.

He didn’t say, ‘Oh, I know everything there is to

know about golf; I’m done learning.’ He used a

golf coach to keep getting better.”

* * *

Finally, live joyfully. This is God’s world, and

we are to enjoy what has been given to us. While

the Bible tells us we are not supposed to love

money (1 Timothy 6:10), the Bible does advise

us to enjoy it. King Solomon addresses this fact:

“It is good and fitting for one to eat and drink,

and to enjoy the good of all his labor in which he

toils under the sun all the days of his life which

God gives him; for it is his heritage. As for every

man to whom God has given riches and wealth,

and given him power to eat of it, to receive his

heritage and rejoice in his labor—this is the gift

of God” (Ecclesiastes 5:18, 19).


Other titles available in

the Peacefinder book series:

You Can Stop Smoking

Addiction Free

Ten Ways to Improve Your Marriage

A Dozen Ways to Defeat Loneliness

Hope in Times of Trouble

Money Management

Stress Management

Survival Tips for Single Parenting

Successful Parenting

Living with Loss

The Healing of Sorrow

Life After Death

Medical Miracle

Gentle Ways to Ease Depression

To order additional titles, visit our online

bookstore at www.peacefinders.org

or call 1-800-728-6872.


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