The Three Secrets of Money

Recently during a conversation, I had the opportunity to briefly describe what I was trying to do with this blog. I realized I could boil it all down to three points, three secrets that can change your relationship with money.

One, debt is not a blessing it is a curse. In this society debt is just about unavoidable. There was no way I could get buy a house without a mortgage. People without adequate resources face terrible medical emergencies. They are then forced to work out a payment plan with the hospital. At best consider debt a necessary evil, something to be avoided or escaped. Proverbs 22:7 “The rich rules over the poor, and the borrower becomes the lender’s slave.” is the most often quoted verse on this subject but there are many others. In this society people are conditioned to rejoice when they are approved for a loan or another credit card. This is backwards. Pray that the Lord will quickly deliver you from this bondage.

Two, buy things that pay you to own them. Avoid buying things that you must pay to own. In the previous post I demonstrate how buying stock in a major integrated oil company offered some protection from $4.00 a gallon gas. In a recent article I read that due to high cost smart phones, the average cell phone bill in this country is pushing $1,100 a year. This is horrifying, $1,100 in after tax money? What are you doing with that I-Phone? If you are a stock broker using your cell phone to keep up with foreign markets while you are riding in a taxi to the airport, more power to you. If you are using the thing to surf the web, tweet, and check posts on Facebook maybe you can find a better use for some of that money.

Three, James 1:5 states, “If any of you lacks wisdom, he should ask God, who gives generously to all without finding fault, and it will be given to him.” If you have a question about money, ask God. He is no respecter of persons. If you ask he will answer. Be prepared to bring a little shoe leather to that prayer. Study, decisions, and action need to be added to those prayers.

If you can really believe that these three secrets are true, if you can get these precepts down in your heart where they can alter your behavior, they will change your life.