Advice From One Of The World’s Richest Men

Solomon’s seven secrets to money management… Solomon was a great money counselor. Consider these facts about Solomon: He was a prominent national leader; he personally administered one of the world’s biggest construction projects involving over 153,000 laborers at a cost of about four billion dollars; he led his government into the greatest era as an international commercial power; his personal wealth and financial skills drew worldwide attention; high-ranking officials from other nations came to seek his counsel; he wrote many books ranging from religion to science to romance to philosophy. Let’s listen to some of his counsel.

1) Proverbs 3:9-10… “Honor the LORD with your wealth, with the firstfruits of all your crops; then your barns will be filled to overflowing, and your vats will brim over with new wine” (NIV). Solomon’s advice starts at the beginning of all priorities. Unless a man or woman recognizes the claim of God on all that they have, including material possessions, little of Solomon’s advice will make sense. Solomon knew that God, not man, was the owner of everything. Man is a steward, a manager of God’s property. A steward knows that his responsibilities start with “God owns all.” Stewardship involves honoring God and giving Him the tithe.

2) Proverbs 12:27… “The slothful man roasteth not that which he took in hunting: but the substance of a diligent man is precious“ (KJV). The idea here is that a lazy person will never have money. Stewardship requires working. Some people are poor because of adverse circumstances, but others are just lazy. Proverbs 24:33-34 teaches that “poverty will come on [a lazy man] like a thief” (NIV). Slothfulness is a spiritual matter. The Bible places great emphasis on work.

3) Proverbs 12:11… “He that tilleth his land shall be satisfied with bread: but he that followeth vain persons is void of understanding” (KJV). The idea is that the easier you get wealth, the sooner you lose it; the harder it is to get, the more you will have. “Easy come, easy go.” Solomon knew that anything worth having is worth working for. The lure of easy get-rich schemes has been the downfall of many (gambling, for instance).

4) Proverbs 15:27“He that is greedy of gain troubleth his own house” (KJV). In other words, when a man makes a profit and then boasts about it, this robs his children of a good example. The best example that children can have is an honest father and mother.

5) Proverbs 15:17… “Better is a dinner of herbs where love is, than a stalled ox and hatred therewith” (KJV). The idea is that it is better to eat something plain with peace of mind than banquet fare in a house that is full of hate and trouble. No amount of money can replace love and peace in a home. Many parents acquire the best that money can buy, only to lose their children. Anybody can build a house, but few today are building homes.

6) Proverbs 19:17… “He that hath pity upon the poor lendeth unto the LORD; and that which he hath given will he pay him again” (KJV). Solomon also teaches that a person who oppresses the poor will have to answer to God (Proverbs 22:22-23). Sharing with those in need is more than charity. It is smart finance. It’s not throwing money away; it’s investing in eternity. God has staked His word on that. Proverbs 28:27 reads, “He that giveth to the poor will not lack: but he that hideth his eyes shall have many a curse.” Generosity is also a matter of faith, a working faith. Faith that just talks about sharing or giving is a dead faith (James 2:17). Sharing and giving demonstrates a believer’s love for God. 1 John 3:15-18… “Anyone who hates a brother or sister is a murderer, and you know that no murderer has eternal life residing in him. This is how we know what love is: Jesus Christ laid down his life for us. And we ought to lay down our lives for our brothers and sisters. If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person? Dear children, let us not love with words or speech but with actions and in truth” (NIV). One of our goals should be to honor God through giving. This is one way to get out of debt and avoid credit. Easy credit has become the means to push God out of His place to supply our needs.

7) Proverbs 30:7-9… “Two things I ask of you, LORD; do not refuse me before I die: Keep falsehood and lies far from me; give me neither poverty nor riches, but give me only my daily bread. Otherwise, I may have too much and disown you and say, ‘Who is the LORD?’ Or I may become poor and steal, and so dishonor the name of my God” (NIV). The name Agur is another name for Solomon, which means “a gatherer of wisdom.” The idea is that the purpose of Christianity is to bring the believer into balance. We brought nothing into this world. The wisdom of this verse is in asking for enough money so that all our needs are met. Poverty is not a blessing from God. Money obtained through covetousness and greed is not a blessing either. Jesus taught us to pray, “Give us today our daily bread” (Matthew 6:11). This is the wisdom that becomes the foundation for our financial security. Solomon never advised us to be as rich as he was. But he does teach us to be honest. If we follow his advice, we will be successful. God is not against people becoming rich, as long as it is gained with integrity, honesty, and hard work. Jesus advises us to invest in eternity.

Pastor George Belobaba

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