Three Sources for Financial Advice

I’ve always been interested in financial management.  Even as a kid I used the envelope system and tried to get my siblings to listen to my lectures on money.  Financial management is systematic and strategic . . . and this woman loves systems and strategies!

As a Christian, here are three sources I lean on for developing financial strategies for my life.

#1. The Bible

By far, the Bible is the most important resource for advice on money.  Did you know there are over 2,000 verses about money in the Bible?   No, you won’t find specific advice on investing strategies, but the Bible gets to the most important thing – where the heart is in terms of finances.  Is my security in God or in my bank account?  Do I demonstrate love for others by how I share my resources?  Who does my money belong to?  Am I a wise steward of resources?

Jesus himself talked frequently about money  . . . so if it is important to Jesus it should be important to me.  I should be seeking biblical wisdom on how I deal with finances.  Fortunately, whether I am reading the Old Testament, the Gospels or anywhere else in the New Testament, I regularly come across advice on how to think about and handle money.

For example, if you are reading along with me through the Bible (this year I am using the Skövde Pingst YouVersion Plan in NIV – Click Here to Start!), yesterday’s reading included Psalm 49:16-20, which talked about not being jealous or greedy; wealth will fade.  I should focus more on gaining wisdom than gaining money.

  • 16-17: Do not be overawed when others grow rich, when the splendor of their houses increases; for they will take nothing with them when they die, their splendor will not descend with them.
  • 18 – 19: Though while they live they count themselves blessed— and people praise you when you prosper— they will join those who have gone before them, who will never again see the light of life.
  • 20: People who have wealth but lack understanding are like the beasts that perish.

Psalm 49-20.jpg

 

#2. Dave Ramsey

I love Dave Ramsey.  I’ve never done his Financial Peace University classes, but have heard rave reviews.  He has simple, biblically-based concepts that have worked for me.  The resources I’ve used are:

  • Radio program:  I listen on-line; usually every day.  I love Dave’s advice and the inspiring stories of people who have paid off all their debt.
  • Baby Steps:  As outlined on the website and in his books.  Simple.  Clean.  Makes sense.  And it works.  I’m on Baby-Step 5 . . . and I want to sell my house and buy a new house with the equity to fast-forward to complete Step 6.  (But I have a lot of work to get my house ready to sell!)
  • Total Money Makeover book:  quick read, great resource.  And it works if you follow it!

 

#3. Joshua Becker

Josh spoke at my church several years ago about his journey and philosophy on possessions.  It was such a different concept than the consumerism that I was caught up in . . . and it made total sense.  I follow Josh’s blog www.BecomingMinimalist.com which has great insight on topics on minimalism, getting out of debt, becoming un-busy, decluttering, etc.

His blog as great reminders on getting rid of the things that don’t matter and focusing on what matters most.

I haven’t read any of Josh’s books yet . . . but have them on my to-read list.  If you have read any, please share thoughts.  Josh’s latest book is below:

Advertisements

8 thoughts on “Three Sources for Financial Advice”

  1. Thanks for some book ideas. I’m reading through Tony Robbins “Unshakeable” right now and I think it provides a great rundown of basics for stock market index investing and financial independence once someone takes care of debt and established a sizeable emergency fund.

    Liked by 1 person

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s