Am not a business expert to tell this but our unwise choices in wealth management can hit us hard. One second we are on the throne and next second on the streets having nothing in hand. This has been the story of many. Some are the opposite. They are in rags and the next second they are billionaires. In this one life we handle the finances and in a way how we manage it determines our worth in the eyes of the world.
What does the Bible teach us on wealth management?
1. The concept of money is from the worldly system of corruption and sin. Money has the image of the governing authority issuing it and it never remains with the one who holds it.
2. Never base your worth on your finances. See yourself as a person created in the image of God and use your finances or steward it wisely.
3. In a world of credit cards and investments, never fall into a debt trap.
4. Taking risk at the cost of losing it all is not worth it.
5. God gives the power or ability to make wealth and we need His grace and wisdom to steward it.
6. Never love money or be lured by its fleeting pleasures. Use money judiciously with accountability.
7. Never use credit card disproportionate to your income sources.
8. Using EMI features to get what we see should be evaluated with all wisdom. If an income source is hit, we should be able to pay back the lender.
9. Use your talents, skills to do fair business. Do not be unfair in how you charge your customers.
10. Be generous and willing to share. Be a blessing to the less fortunate. Contribute to the needs of the the people and community you are a part of.
“The rich rule over the poor, and the borrower is slave to the lender. Whoever sows injustice reaps calamity, and the rod they wield in fury will be broken. The generous will themselves be blessed, for they share their food with the poor.” (Proverbs 22:7–9)