Friday, October 18, 2013

The Best Christian Financial Advice (in 300 words or less)


God’s wisdom transcends our present circumstances. It does not need to be changed when new tax laws are passed.  It can be relied upon by every generation, regardless of income or net worth.

At the core of all wise Christian financial advice are four principles. 

1)  Spend less than you earn.
“In the house of the wise are stores of choice food and oil, but a foolish man devours all he has” Proverbs 21:20

Financial success and peace require having a healthy financial margin, a positive difference between what we spend and what we earn.

2) Avoid the use of debt
“The rich rule over the poor and the borrow is servant to the lender” Proverbs 22:7

We can only serve one master.  If our servitude has been committed to a lender, we are not financially and spiritually free to serve Christ with all of our heart.

3) Build reserves
“Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest” Proverbs 6:6-8

Financial reserves give us the flexibility to respond to the unknown.  They do not represent a lack of faith, but a prudent response to planning for an unknown future.

4) Set long term goals
“I press on toward the goal to win the prize for which God has called me heavenward in Christ Jesus” Philippians 3:14

The first three principles are means to the end of accomplishing the goals that God in His wisdom has placed in our heart.  Applying these helps us to live more effectively for God in this life… using His blessings to accomplish powerful, long-term financial goals, as His Spirit leads us.