5 Foundational Beliefs A Christian Should Grasp In A Biblical View Of Money

Biblical StewardshipChristianity, The Church, Stewardship, And Money

In the last 30-40 years, I believe the American church has done a poor job of laying a strong foundation for Biblical stewardship. There are a number of reasons for this, but this is not within the scope of this particular blog post.

Fortunately in recent years, other ministries and programs such as Crown and Dave Ramsey have come alongside the church to assist pastors and lay leaders in laying a strong Biblical foundation regarding money and stewardship.

When it comes to Christian finances, I believe there are several key, foundational principles that every Christian should know and understand.

The following list contains my top five foundational stewardship beliefs.

5 Key Stewardship Principles From God’s Word

  1. God owns everything. Psalm 24:1 states, “The earth is the Lord’s, and everything in it, the world, and all who live in it.” This is the foundational belief upon which the whole concept of Christian stewardship (or management) rests. We either completely believe that God owns everything in the universe (including all of the stuff in our current possession) or we don’t believe this truth. Plus, how we live our lives and manage these possessions demonstrates if we really believe in God’s ownership or not.
  2. Christians are managers (stewards) of ALL of God’s stuff. 1 Corinthians 4:2 tells us “Now it is required that those who have been given a trust must prove faithful.” After we come to grips with the first belief, then this second belief should be a natural outflow of the first. If God truly owns it all, then the stuff I currently possess was given to me by God Almighty to manage for Him. As a result, I am compelled to do an excellent, faithful job so that He receives an incredible return on investment!
  3. Kingdom living should be our priority. Matthew 6:19-21 says, “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. For where your treasure is, there your heart will be also.” Once we understand that God owns it all and we are simply managers of His stuff, then our only concern should be expanding His Kingdom on earth while we are here. Our budgets, expenses, purchases, and investments should all be filtered through a Kingdom mindset. The question that should be continuously on our mind: “Does this use of money truly build up God’s Kingdom and make an impact for eternity?”
  4. Debt is unwise. Proverbs 22:7 reads, “The rich rule over the poor, and the borrower is slave to the lender.” Although the Bible never states that debt is a sin, it does make the claim that it is unwise and dangerous. If you are a Christian who thinks debt is just a normal, everyday reality in today’s economic climate, then can you truly say with 100% authority that having debt honors God and His Kingdom? I would argue that it doesn’t. I believe that our personal businesses, families, and churches should all strive to be debt free as soon as possible in order for our focus to truly be on God’s Kingdom work.
  5. Our giving should be percentage based. Check out Hebrews 7:2a, and 7:4-9 “and Abraham gave him (Melchizedek) a tenth of everything … Just think how great he was: Even the patriarch Abraham gave him a tenth of the plunder! Now the law requires the descendants of Levi who become priests to collect a tenth from the people—that is, from their fellow Israelites—even though they also are descended from Abraham. This man, however, did not trace his descent from Levi, yet he collected a tenth from Abraham and blessed him who had the promises. And without doubt the lesser is blessed by the greater. In the one case, the tenth is collected by people who die; but in the other case, by him who is declared to be living. One might even say that Levi, who collects the tenth, paid the tenth through Abraham … ” The tithe (10%) is a great starting point for people to learn and grow in their generosity journey. I understand that a lot of Christians are not in agreement with this statement. But, if you take a comprehensive view of Scripture, including Old Testament (pre-Law and Mosaic Law) and New Testament (as stated in this NT passage from Hebrews), almost every mention of money and giving had a percentage attached to it. Why? Common sense would tell us that we don’t all make the same amount of income. Also, monetary types and values vary widely throughout human history. Percentage-based giving makes more sense according to the concept of “to whom much has been given, much more will be required” (Luke 12:48b).

Questions: If you are a Christian, how do you handle your money and possessions? Do you hold to the Biblical truths in these five principles above, or do you struggle with a carnal, worldly view of your finances? Do you think this list of five principles is comprehensive enough, or would you add or subtract anything from this list?

5 Awesome Books That Have Radically Changed My Life And Made Me More Productive

Photo by Sam Fam

Photo by Sam Fam

A Great Book Can Change Your Life

Ever since I was a teenager, I’ve been inspired by numerous authors, books, and the entire writing process. Guess that’s one of the reasons I became a blogger. I like analyzing stuff and then getting my thoughts out of my head and onto the computer screen.

The best books by the best authors are able to inspire a different level of thinking and living. They are able to get you to re-examine previously held beliefs and then take massive change in a new direction.

The following list of five books are ones that contain five big concepts that I think about on a daily basis. They have re-shaped my life and literally molded me into a better person (in my opinion). If you’ve never read these books, then I would highly encourage you to check them out!

5 Books That Have Impacted Me

1. Financial Peace [affiliate link] by Dave Ramsey. This is one of the first books that really altered my life in a number of ways. I remember walking into a bookstore around 2004-2005 and running across this bluish-green book by some guy named Dave Ramsey. He completely changed my views on money and the manner in which it should be wisely handled. As a result of reading Financial Peace, I will never again view debt the same way as I did in the past. I will never again be able to return to the old patterns of mismanaged personal finances. Thanks, Dave, for your wisdom and experience in this vitally important area of our lives. My life will never be the same as a result.

2.The 7 Habits of Highly Effective People [affiliate link] by Stephen Covey. The big takeaway from this book that has stuck with me over the years is the concept of 4-quadrant living. The four quadrants include:

  • Quadrant 1: Urgent and Important Activities. These could include emergencies, putting out fires, and tight work deadlines.
  • Quadrant 2: Not Urgent but Important Activities. These could include exercise, planning, writing, meditation, recreation, and relationship building.
  • Quadrant 3: Urgent But Not Important Activities. These could include some calls, some emails, some meetings, and popular activities.
  • Quadrant 4: Not Urgent and Not Important Activities. These could include trivia, busy work, some calls, and some email.

So, the takeaway from Covey and 4-quadrant living that I contemplate on a daily basis is this: hang out in Quadrant 2 as much as you possibly can, especially during the peak performance hours of your day. I attempt to structure my day around these quadrants in order to maximize my overall performance.

3. The 80/20 Principle [affiliate link] by Richard Koch. The book was a reinterpretation of the Pareto principle, extending its use beyond economics and business, to cover issues such as “time revolution” and personal happiness (source: Wikipedia). The world is ruled by Pareto’s Law which states 80% of results are the result of 20% of inputs. Stated another way, 20% of my specific work activities have the capacity of producing 80% of my best work results. The key is knowing which 20% activities produce your best 80%! As a result of reading this book, I ponder every day whether or not I’m engaged in my top 20% activities. As a side note, this also corresponds to Quadrant 2 living in Covey’s book.

4. Good To Great [affiliate link] by Jim Collins – The key idea that I got from this must-read business book is “get the right people in the right seats on the right bus!” Now, with every group that I organize and lead, I attempt to get the right people in the right positions for the right task. If you want to take any organization from okay to awesome, then you must follow this principle.

5. The 4-Hour Body [affiliate link] by Tim Ferriss. I’m a big Tim Ferriss fan. I read his first book, The 4-Hour Workweek in 2007 (I debated whether or not to add this book to this list) and then I started following his blog. I purchased his next book, The 4-Hour Body, right around its release date, and found many of his experiments and teachings to be highly actionable. As a result of following a (mostly) slow carb-ish diet and exercise regimen, I was able to go from 170 lbs to 158 lbs. This took me down two pant sizes (from a 34 down to a 32). My belly flattened out and I have more lean muscle mass and less body fat. I added this book to the list because at age 42, I feel like I’m in the best shape of my life as a result of reading it. Plus, there’s a lot of other incredibly awesome experiments and actionable ideas that you should check out as well.

Questions: So, have you read any of these books? Did you glean the same key concepts that I did or something entirely different? Do you a list of books that have impacted your life in amazing ways? If so, feel free to leave your list in a comment below. I’d love to see what books have changed your life!