Biblical Money Truths: What the Bible Says About Being Rich

January 15, 2014 — 9 Comments

The more I study Scripture, the more I realize this truth…

Biblical Money Truths

Here are some key take-aways about money that I’m learning from the Bible.

Feel free to add to this list by leaving a comment below.

 16 Powerful Biblical Money Truths

  1. God gives us the ability to produce wealth.

    Deuteronomy 18:8 (NIV) - But remember the Lord your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your ancestors, as it is today.

  2. When it comes to building wealth, there is no substitute for hard work.

    Proverbs 10:4 (NIV)Lazy hands make for poverty, but diligent hands bring wealth.

  3. Guard your heart against greed. Security is not found in material possessions.

    Luke 12:15 (NIV)Then he said to them, “Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.”

  4. Money management has eternal implications.

    Luke 16:11 (NIV)So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?

  5. Leaving an inheritance for our children is Biblical and wise.

    Proverbs 13:22 (NIV)A good person leaves an inheritance for their children’s children, but a sinner’s wealth is stored up for the righteous.

  6. Nowhere in Scripture is debt used to further the kingdom of God. Make debt-free living a priority.

    Proverbs 22:7 (NIV)The rich rule over the poor, and the borrower is slave to the lender.

  7. Always give thanks to God for you are rich.

    Jeremiah 9:23-24 (NIV)“Let not the wise boast of their wisdom or the strong boast of their strength or the rich boast of their riches, but let the one who boasts boast about this: that they have the understanding to know me, that I am the Lord, who exercises kindness, justice and righteousness on earth, for in these I delight,” declares the Lord.

  8. Money is a tool. It’s amoral. But when we love money above God, it quickly becomes destructive.

    1 Timothy 6:10 (NIV) - For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.

  9. Giving is the only place in the Bible where God openly invites us to “test Him.” Generosity opens doors of provision.

    Malachi 3:10 (NIV)Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the LordAlmighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it.

  10. God is the owner of it all.

    Psalm 24:1 (NIV)The earth is the Lord’s, and everything in it, the world, and all who live in it.

  11. Trust in God, not in money.

    Matthew 6:33 (NIV)But seek first his kingdom and his righteousness, and all these things will be given to you as well.

  12. Budgeting is a Biblical principal. You must always count the cost.

    Luke 14:28 (NIV)Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?

  13. True wealth comes from being content.

    Hebrews 13:5 (NIV)Keep your lives free from the love of money and be content with what you have, because God has said, “Never will I leave you; never will I forsake you.”

  14. The wise always build financial margin, but a fool spends everything he makes.

    Proverbs 21:20 (NLT)The wise have wealth and luxury, but fools spend whatever they get.

  15. Never cosign on a loan…not even for a family member.

    Proverbs 6:1,3 (NLT)My child, if you have put up security for a friend’s debt or agreed to guarantee the debt of a stranger…follow my advice and save yourself for you have placed yourself at your friend’s mercy. Now swallow your pride; go and beg to have your name erased.

  16. And most importantly, everything in this world is completely worthless compared to the gift of salvation we have in Christ.

    Philippians 3:8 (NLT) – Paul speaking: Yes, everything else is worthless when compared with the infinite value of knowing Christ Jesus my Lord. For his sake I have discarded everything else, counting it all as garbage, so that I could gain Christ.

QUESTION: What would you add to the list? What have you learned from the Bible about money and building wealth?

  • Charles Church

    Hey Larry I love the scriptures you wrote. I personally like Psalm 1-3 it is one of my GO TO verses… because it teaches that the Lord prospers a person that studies and practices Godly teachings and does it all with a pleasant countenance.

    1 Blessed is the man that walketh not in the counsel of the ungodly, nor standeth in the way of sinners, nor sitteth in the seat of the scornful.
    2 But his delight is in the law of the Lord; and in his law doth he meditate day and night.
    3 And he shall be like a tree planted by the rivers of water, that bringeth forth his fruit in his season; his leaf also shall not wither; and whatsoever he doeth shall prosper.

    • http://www.larrypoolespeaks.com/ Larry Poole

      Great Scriptures Charles! I love it!

  • Charles Johnston

    Great list Larry, another could be Proverbs 13:11

    Wealth obtained by fraud dwindles, But the one who gathers by labor increases it.

    There are so many to choose from, I think Dave Ramsey might be onto something as you are. If only more people read the Bible for what it is and not like it was a fairytale but rather a rulebook. Great post keep it up.

    • http://www.larrypoolespeaks.com/ Larry Poole

      Charles, you know the best thing about God’s rulebook? Every “rule” of God is designed to either: 1) bless us; or 2) protect us…further proof that His love for us is immeasurable!

  • http://tcavey.blogspot.com/ TCAvey

    One of the greatest things God has been teaching me is being content with what I have and not letting possessions own me. They do belong to God. He can give them or take them. There’s freedom in realizing He will supply all my needs. I don’t have to worry I won’t have enough. God will come through.

    • http://www.larrypoolespeaks.com/ Larry Poole

      TC, I truly think that contentment is the #1 key to happiness. No matter how much money you have, it’s always easy to want more.

      That’s why giving is so important. It breaks the back and greed and helps us to be thankful for what we already have.

      • http://tcavey.blogspot.com/ TCAvey

        Amen!

  • http://danblackonleadership.com/ Dan Black

    Great truths and passages! God allows us to gain wealth but we have to be a good steward of what we are given.

  • http://www.mattham.com/ Matt Ham

    Larry this is fantastic! I wrote a book last year “You Make My Life Rich” where I redefine what it means to be rich. Some of these passages are ones I haven’t considered and read in this light. Thanks for your perspective!

    I love Paul’s words in Colossians 1:27 “The glorious riches of this mystery which is Christ in YOU!”

    Blessings!