While most financial advisors will tell you that this isn’t something to worry about, the book of Proverbs indicates that Christians should avoid growing their wealth dishonestly. The average investor has 40% of their money invested in companies engaged in abortion, 21% in companies that promote sinful media, and 18% invested in companies engaged in pornography.* Unfortunately, you may be investing in a way that compromises your morals without even knowing it. While avoiding these and other unethical practices may seem like a no-brainer, it’s important that we see the bigger picture: the Bible wants us to build wealth without compromise of our morals. There are warnings throughout the book of Proverbs that warn against profiting via bribes, deceit, and theft. These verses emphasize an important principle: God wants us to accumulate wealth justly or not at all. “A faithful man will abound with blessings, but whoever hastens to be rich will not go unpunished.” – Proverbs 28:20 “Better is a little with righteousness than great revenues with injustice.” – Proverbs 16:8 So, if you were to achieve a 7% annual return, your money would double in just over 10 years (72/7=10.29).
That’s how long it takes to double your money. Remember the Rule of 72: Take your expected rate of return and divide that number into 72. While the year-by-year ups and downs (volatility) can be significant, these swings have historically just become noise after 10+ years. The longer you invest in the stock market, the greater the probability of better returns. This will allow you to keep your emotions in check and grow your wealth responsibly. Consider investing a fixed portion of your income at regular monthly intervals, this strategy is known as dollar-cost averaging. Avoid focusing on immediate gains and direct your concentration on steady, long-term wealth accumulation. In the words of faith-seeking English poet, William Langland, “patience is a virtue.”ĭiscipline is integral to investing. The Bible advocates for saving money over time with humility and the avoidance of greed, despite what you may have heard from Gordon Gekko in Wall Street (1987). While quick riches are tempting, yet reckless, God intends for us to grow our wealth slowly and patiently. Proverbs 13:11 and 21:5 are true in the investment world as well and some of the best Bible verses on saving money.
The moral is that you can be more successful by careful and patient practice than speed and recklessness. We all know the tale of the slow, steady turtle crossing the finish line before the quick and careless hare. “The plans of the diligent lead surely to abundance, but everyone who is hasty comes only to poverty.” – Proverbs 21:5 “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” – Proverbs 13:11 Let’s review three pieces of B ible investment principles from the book of Proverbs: 1.
#Bible verses about finances how to
The Bible gives a lot of guidance for how to best live your life, but what does the Bible say about wealth and saving money? - and how should you let your religious beliefs affect your investing practices? There is no lack of guidance on how Christians should conduct their investment and money-saving practices in an investment world of uncertainty.
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