How to be successful financially?

Jesus talked about money issues more than anything. When we talk about success from Christ, we should also consider money and learn to successfully manage it. We think about money every day. If we have it, we think about how to increase it, and if we don’t have, then we think about how to earn more of it. If we owe someone, then we always think about how we will pay them back.

Money dominates our thoughts more than what we would like to admit. So, let’s start with some truths about money, some disciplines regarding money, and finally, your philosophy about money. Let’s dive right in.

Photo by Alexander Mils on Unsplash

Truths about Money

Money won’t make you happy

Let us start with a common misunderstanding that people have about money. This misconception exists because of the way happiness is understood. Happiness is a state of mind, a choice that you can make every day irrespective of your circumstance. Hence this truth that money does not make you happy.

There are numerous examples of how people who prioritized money more than anything ended up alone with no human connection. Ecclesiastes 5:20 says, “… God keeps them occupied with gladness of heart.” Happiness comes from the Lord and not your money.

Debt will make you unhappy

Debt is a controversial topic. The world had worked hard to normalize debt. The banks have even come up with credit scores to evaluate your relationship with debt. Romans 13:8 says, “Let no debt remain outstanding….” The most common verse used regarding debt is from Proverbs 22:7, “… and the borrower is a slave to the lender.”

Debt is a burden that you carry, and it affects every aspect of your life. Debt restricts and constricts your life. The stress that exists as result will take a toll on your health.

Money gives you options

The other way to say this truth to think about control. Having options means you have control. You have the right to choose. If the work environment you are in is toxic, you can quit your job and look for another one. If there is an emergency, you have the option to decide what is best for you.

Money gives you the freedom to make a choice that will suit your needs in the very situation that you find yourself in.

Money allows you to contribute to worthy causes

With the money, you can make donations that help further the causes that are important to you. If you want to care for the widows and the orphans, you can do that by supporting the organization that devotes time to taking care of their needs.

Let’s say you want to provide access to Christian education to the people below the poverty line, then you can contribute towards that need and support other God’s children. These are just two examples, but the list goes on. The opportunities are endless, and your effect in the community could grow for the glory of God with your generosity.

Now that we have gone over some truths about money let’s talk about money disciplines.

Become a good earner

Proverbs 10:4 says, “A slack hand causes poverty, but the hand of the diligent makes rich.” To build your wealth, you need to work. Working is the way to earn more money.

Proverbs 12:11 says, “Whoever works his land will have plenty of bread, but he who follows worthless pursuits lacks sense.” You need to work to meet your basic needs and to be generous with them.

Proverbs 12:24 says, “The hand of the diligent will rule, while the slothful will be put to forced labor.” One who works hard will be an employer, and a lazy person will remain an employee.

Proverbs 14:23 says, “In all toil there is profit, but mere talk tends only to poverty.” Here is the formula to get out of poverty. There is profit in every work that is done. All talk and no action lead one to poverty and leaves one there.

Be grateful every day

Daniel 2:23 ‘I thank and praise you, God of my ancestors: You have given me wisdom and power, you have made known to me what we asked of you….” Thank God for life and your ability to think each day. He answers your requests and gives you the understanding to know.

Psalm 9:1 says, “I will give thanks to you, Lord, with all my heart; I will tell of all your wonderful deeds.” Count your blessings and let others know what God has done in your lives.

Philippians 4:6,7 says, “Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.” Paul admonishes us to petition God in every circumstance with thanksgiving.

Do not compare yourself with others

Philippians 2:3 says, “Do nothing out of selfish ambition or vain conceit. Rather, in humility, value others above yourselves.” When you value others to be above you, then you will avoid the traps of superiority and pride.

Ephesians 2:8 -10 says, “For it is by grace you have been saved, through faith—and this is not from yourselves, it is the gift of God— not by works so that no one can boast. 10 For we are God’s handiwork, created in Christ Jesus to do good works, which God prepared in advance for us to do.”  Comparison leads you to boast, but when you focus on what God has done for you, then you will come to the same conclusion as Paul – No one can boast. Everything is God’s handiwork.

Give as much as you can

Proverbs 11:25 says, “A generous person will prosper; whoever refreshes others will be refreshed.”

In Luke 6:38, Jesus confirms the same truth that Solomon had mentioned in the earlier verse. “Give, and it will be given to you. A good measure, pressed down, shaken together, and running over, will be poured into your lap. For with the measure you use, it will be measured to you.” Give more to receive more.

Psalm 37:21 “but the righteous give generously.” Righteous means having the proper conduct; therefore, generous giving is the right thing to do.

We have seen the truth about money, and we have also gone over the disciplines about money. Now, let’s go over three philosophies about money.

Philosophies about money are to do with how you deal with the money you earn.

First: The rich invest the money and spend what is left while the poor spend their money and invest what is left.

This philosophy talks about your priorities in life. Now vs. Later. Which one do you do first?

Second: This is a philosophy from Blaise Pascal: “I love poverty because Jesus loved it. I love wealth because it affords me the means to help the needy. I keep faith with everyone.”

We are to follow the example of Jesus, and He lived a simple life. Also, on the other hand, He has commanded us to be generous, so we put our talents to good use, earn a living and glorify God with our work and with our generosity.

Third: This is from John Wesley: “Earn all you can, save all you can, give all you can.”

John Wesley is to maximize your effort in all aspects of money. Earning, saving, and giving. You may wonder he did not say anything about spending. When you maximize the other three parts, how do you think you will spend?

Which of the three philosophies appeals to you the most?

I will conclude with a quote from Billy Graham. He says, “If a person gets his attitude toward money straight, it will help straighten out almost every other area of his life.” So, get your philosophy about money right, keep the disciplines about money and remember the truths about money every day and you will be on your way to success.

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