“Money is the root of all evil”… vs. “For the love of money is the root of all evil…”
Of the two statements, which do you think really came from the Bible, the first or the second one?
1st Timothy is usually quoted by those who would have the congregation to believe that wanting more or loving comfort is inherently evil. It is the belief of many that for Christendom to be advanced, every Christian should sell everything they own and literally follow the path of Christ. It is good to read about Christ and look to emulate Him in what we do, but it is even better to seek and use God’s wisdom while we read and look to emulate- given our often incorrect and incomplete human assumptions.
Are You operating within the Blessing and Talent God gave You?
The Lord has a plan and a mission for you and your life just as how Christ had a plan and mission to achieve while He was on earth. God’s kingdom is as diverse and plentiful as He is. This is evidenced by the wide range of flora and fauna on this planet alone! Looking at mankind, His wonder is captured in religious art and song. If we are truly to believe that he created the Heavens and the Earth, let us look at how nature has its own way of correcting and balancing outliers as they arise. The question that needs to be asked at this junction is this- Is it incorrect to work hard and smart while doing it? Finally is it immoral to make money using your God given talent?
While greed and excess are overwhelmingly disastrous for the human condition, having the drive to excel is based firmly on biblical principle. In Colossians 3:23, we can see God’s instruction for the ethic that should be applied during work. “Whatever you do, work at it with all your heart, as working for the Lord, not for human masters.”
Applying that approach to personal investment, there are a few steps that have to be taken with income:
- Always set aside 10% for tithing.
- Reserve another 15-25 % for life preserving savings until at least three to six months of salary are saved.
- Pay off high -interest bills and debt.
- Put aside a set amount for investment.
- Have a backup plan.
Steps one to three are quite easy to follow, but steps four and five have with them an unseen risk that all new investors must be careful of. There is always the need for reading before an investment is tried. Time that will be taken to save enough to invest must be used to catch up on the key terms and definitions used by the experts in the field. Blindly throwing money into the coffers of a broker or investment banker will cause you to miss out on awesome deals that can lead to great returns.