Whether you are religious or not, a lot of ancient wisdom has been passed down through the generations in religious literature. So, in this video, we are going to look at some of the money secrets from the Bible.
I want to start out by looking at a couple of Bible verses. Now, if you are a business person, these are going to be very hard to hear. But just bear with me. If you can make it to the end of the video, I will be showing you a valuable insight that can improve your life today.
Matthew 19:23 “Truly I tell you, it is hard for someone who is rich to enter the kingdom of heaven. Again I tell you, it is easier for a camel to go through the eye of a needle than for someone who is rich to enter the kingdom of God.”
1 Timothy 6:10 “For the love of money is the root of all evil. It is through this craving that some have wandered away from faith and pierced themselves with many pangs.”
A lot of people misunderstand verses like this from the Bible and they think it is saying that money is bad. These are strong words. It talks about a camel going through the eye of a needle. Do you know how big a camel is? Do you know how small a needle is? It is more likely for a camel to fit through a needle than a rich person to enter heaven. That sounds impossible. But it is important to take these versus in context of the Bible.
Here are some other verses:
1 Samuel 2:7 “The Lord makes poor and makes rich; he brings low and he exalts.”
Luke 6:38 “Give, and it will be given to you. Good measure, pressed down, shaken together, running over, will be put into your lap. For with the measure you use it will be measured back to you.”
These are two verses about getting rich. You can be right with God and get extremely wealthy. There are plenty of examples in the Bible of good people who are extremely wealthy. It is not that money is bad or good. It is that there is a right way to get rich and a wrong way to get rich. And this is something they don’t tell you about in business school.
If you take these verses together, what I think they are saying is that money should come with a warning label. It is like cigarettes. When you buy a pack of cigarettes, there is a warning label on the side that says they might give you cancer. Money can be a drug, just like any addictive substance. Just like cigarettes, alcohol, drugs, food addiction, or sex addiction.
Look at the verse from 1 Timothy again. It says, “It is through this craving that some have wandered away from faith and pierced themselves with many pangs.” Doesn’t that sound like it is describing a drug? It is describing that money has a hold over you and causing you to do things that are hurting you.
Think about how a drug works. People take drugs because they feel bad about themselves. It provides a temporary escape from that. Money works the same way. You might feel insecure, but when you look at your bank account, you can say, “Hey, I am worth something. And there is the proof.” Making money feels good. It gives you a high. But it is a false sense of self-worth. And you can get addicted. You start chasing more and more money, but you never solve the actual problem, which is that you just feel bad about yourself. What you end up with is rich people with enormous wealth who are absolutely miserable.
Just like any other drug, when you are addicted, you make bad decisions. You will make decisions that will hurt your friends, hurt your community, even hurt yourself, in order to get more money. All you care about is your addiction. Those decisions will end up hurting you in the long run.
I want to emphasize again. The Bible is not saying that money is good or bad. You can get as rich as you want. That is not a bad thing. The Bible is saying there is a right way and a wrong way to get rich.
What is the right way? The key is setting your priorities. In the verse from Luke it says, “Give, and it will be given to you.” It does not mean that literally. It is not saying that if you give a wad of cash to a homeless person, that you will magically win the lottery. Although charity is important, that is not how this works. It is talking about your priorities. It is saying that your priority should be doing what is right, rather than a selfish priority where you only think about yourself. If you have the right priorities, the money will come on its own.
Here is an example. Imagine a life with these three priorities.
- God (or if you are not religious, let us say that “Doing the right thing” would be your number one priority)
- Family and friends
Let us talk about these. First, you are going to do the right thing. That means you can wake up in the morning, look in the mirror and feel good about yourself and what you are doing in the world. You can’t do this if you are screwing people over, lying to people, or taking advantage of people. This is about acting ethically.
Second, you want a life full of people around you who you are taking care of, and they are taking care of you.
Third, you want to have some way to be productive in society, whether it is through your job, volunteer work, or side hobby. It is not about the money. It is about creating value for other people.
Look at this life. Money is not even on this list. But if you work hard enough, the money will follow and you are going to be rich anyway. But the great thing about this list is that money is not important. Do you know why? Because this is such a full life. Your life is full of things that give you meaning. You are going to feel passion, fulfillment, excitement, joy, and love. Those are things you wish that money could buy, but money will never be able to.
Now imagine another life with only one priority.
This is the life of someone who is addicted. Compared to the other life, this is so empty and meaningless. This is a lot of people’s lives. No wonder people are so unhappy. One thing I try to talk about on this channel is that money is this incredible tool to help you make decisions in your life. But money was never meant to be the entire purpose for your life.
So, this is the money secret the Bible is trying to tell you. There are two ways to get rich in life. Don’t get addicted to money and throw away the rest of your life. You only have one life. It does not matter if you get all the money in the world and end up miserable.
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Neither Zach De Gregorio or Wolves and Finance shall be liable for any damages related to information in this video. It is recommended you contact a CPA in your area for business advice.