Archives For Personal Finance Bible Verses

       I’ve written extensively about tithing in the bible, New Covenant giving, and New Covenant giving guidelines for Christians. Not too long ago, I wrote that tithing is so Old Testament. I explained that I don’t hate tithing, but I’m against teaching it because we have a much better example for giving in the life of Jesus Christ.

       But to make my point a little clearer on how New Covenant giving differs from Old Testament tithing, I thought it would be helpful to look at Jesus’ teaching. I’m going to divide this into two sections. First, we’ll look at what Jesus taught about tithing. Then, we’ll look at his other teaching on giving in general. This will be the verses only – no commentary.

What Jesus Taught about Tithing

       Woe to you, scribes and Pharisees, hypocrites! For you tithe mint, dill, and cumin, and have left undone the weightier matters of the law: justice, mercy, and faith. But you ought to have done these, and not to have left the other undone.

Matthew 23:23 (WEB)

       But woe to you Pharisees! For you tithe mint and rue and every herb, but you bypass justice and the love of God. You ought to have done these, and not to have left the other undone.

Luke 11:42 (WEB)

       9 He spoke also this parable to certain people who were convinced of their own righteousness, and who despised all others. 10 “Two men went up into the temple to pray; one was a Pharisee, and the other was a tax collector. 11 The Pharisee stood and prayed to himself like this: ‘God, I thank you, that I am not like the rest of men, extortioners, unrighteous, adulterers, or even like this tax collector. 12 I fast twice a week. I give tithes of all that I get.’ 13 But the tax collector, standing far away, wouldn’t even lift up his eyes to heaven, but beat his breast, saying, ‘God, be merciful to me, a sinner!’ 14 I tell you, this man went down to his house justified rather than the other; for everyone who exalts himself will be humbled, but he who humbles himself will be exalted.”

Luke 18:9-14 (WEB)

       And that’s it. That’s all Jesus said about tithing.

What Jesus Taught about Giving

       23 If therefore you are offering your gift at the altar, and there remember that your brother has anything against you, 24 leave your gift there before the altar, and go your way. First be reconciled to your brother, and then come and offer your gift.

Matthew 5:23-24 (WEB)

       Give to him who asks you, and don’t turn away him who desires to borrow from you.

Matthew 5:42 (WEB)

       Give to everyone who asks you, and don’t ask him who takes away your goods to give them back again.

Luke 6:30 (WEB)

       35 …for I was hungry, and you gave me food to eat. I was thirsty, and you gave me drink. I was a stranger, and you took me in. 36 I was naked, and you clothed me. I was sick, and you visited me. I was in prison, and you came to me.’ 37 “Then the righteous will answer him, saying, ‘Lord, when did we see you hungry, and feed you; or thirsty, and give you a drink? 38 When did we see you as a stranger, and take you in; or naked, and clothe you? 39 When did we see you sick, or in prison, and come to you?’ 40 “The King will answer them, ‘Most certainly I tell you, inasmuch as you did it to one of the least of these my brothers, you did it to me.’

Matthew 25:35-40 (WEB)

       32 If you love those who love you, what credit is that to you? For even sinners love those who love them. 33 If you do good to those who do good to you, what credit is that to you? For even sinners do the same. 34 If you lend to those from whom you hope to receive, what credit is that to you? Even sinners lend to sinners, to receive back as much. 35 But love your enemies, and do good, and lend, expecting nothing back; and your reward will be great, and you will be children of the Most High; for he is kind toward the unthankful and evil.

Luke 6:32-35 (WEB)

       But give for gifts to the needy those things which are within, and behold, all things will be clean to you.

Luke 11:41 (WEB)

       33 Sell that which you have, and give gifts to the needy. Make for yourselves purses which don’t grow old, a treasure in the heavens that doesn’t fail, where no thief approaches, neither moth destroys. 34 For where your treasure is, there will your heart be also.

Luke 12:33-34 (WEB)

       12 He also said to the one who had invited him, “When you make a dinner or a supper, don’t call your friends, nor your brothers, nor your kinsmen, nor rich neighbors, or perhaps they might also return the favor, and pay you back. 13 But when you make a feast, ask the poor, the maimed, the lame, or the blind; 14 and you will be blessed, because they don’t have the resources to repay you. For you will be repaid in the resurrection of the righteous.”

Luke 14:12-14 (WEB)

       In all things I gave you an example, that so laboring you ought to help the weak, and to remember the words of the Lord Jesus, that he himself said, ‘It is more blessed to give than to receive.’

Acts 20:35 (WEB)

       For whoever will give you a cup of water to drink in my name, because you are Christ’s, most certainly I tell you, he will in no way lose his reward.

Mark 9:41 (WEB)

       33 But a certain Samaritan, as he traveled, came where he was. When he saw him, he was moved with compassion, 34 came to him, and bound up his wounds, pouring on oil and wine. He set him on his own animal, and brought him to an inn, and took care of him. 35 On the next day, when he departed, he took out two denarii, and gave them to the host, and said to him, ‘Take care of him. Whatever you spend beyond that, I will repay you when I return.’

Luke 10:33-35 (WEB)

       1 He looked up, and saw the rich people who were putting their gifts into the treasury. 2 He saw a certain poor widow casting in two small brass coins. 3 He said, “Truly I tell you, this poor widow put in more than all of them, 4 for all these put in gifts for God from their abundance, but she, out of her poverty, put in all that she had to live on.”

Luke 21:1-4 (WEB)

       1 Be careful that you don’t do your charitable giving before men, to be seen by them, or else you have no reward from your Father who is in heaven. 2 Therefore when you do merciful deeds, don’t sound a trumpet before yourself, as the hypocrites do in the synagogues and in the streets, that they may get glory from men. Most certainly I tell you, they have received their reward. 3 But when you do merciful deeds, don’t let your left hand know what your right hand does, 4 so that your merciful deeds may be in secret, then your Father who sees in secret will reward you openly.

Matthew 6:1-4 (WEB)

       21 Jesus said to him, “If you want to be perfect, go, sell what you have, and give to the poor, and you will have treasure in heaven; and come, follow me.” 22 But when the young man heard the saying, he went away sad, for he was one who had great possessions. 23 Jesus said to his disciples, “Most certainly I say to you, a rich man will enter into the Kingdom of Heaven with difficulty. 24 Again I tell you, it is easier for a camel to go through a needle’s eye, than for a rich man to enter into the Kingdom of God.” 25 When the disciples heard it, they were exceedingly astonished, saying, “Who then can be saved?” 26 Looking at them, Jesus said, “With men this is impossible, but with God all things are possible.” 27 Then Peter answered, “Behold, we have left everything, and followed you. What then will we have?” 28 Jesus said to them, “Most certainly I tell you that you who have followed me, in the regeneration when the Son of Man will sit on the throne of his glory, you also will sit on twelve thrones, judging the twelve tribes of Israel. 29 Everyone who has left houses, or brothers, or sisters, or father, or mother, or wife, or children, or lands, for my name’s sake, will receive one hundred times, and will inherit eternal life. 30 But many will be last who are first; and first who are last.

Matthew 19:21-30 (WEB)

       21 Jesus looking at him loved him, and said to him, “One thing you lack. Go, sell whatever you have, and give to the poor, and you will have treasure in heaven; and come, follow me, taking up the cross.” 22 But his face fell at that saying, and he went away sorrowful, for he was one who had great possessions. 23 Jesus looked around, and said to his disciples, “How difficult it is for those who have riches to enter into the Kingdom of God!” 24 The disciples were amazed at his words. But Jesus answered again, “Children, how hard is it for those who trust in riches to enter into the Kingdom of God! 25 It is easier for a camel to go through a needle’s eye than for a rich man to enter into the Kingdom of God.” 26 They were exceedingly astonished, saying to him, “Then who can be saved?” 27 Jesus, looking at them, said, “With men it is impossible, but not with God, for all things are possible with God.” 28 Peter began to tell him, “Behold, we have left all, and have followed you.” 29 Jesus said, “Most certainly I tell you, there is no one who has left house, or brothers, or sisters, or father, or mother, or wife, or children, or land, for my sake, and for the sake of the Good News, 30 but he will receive one hundred times more now in this time, houses, brothers, sisters, mothers, children, and land, with persecutions; and in the age to come eternal life. 31 But many who are first will be last; and the last first.”

Mark 10:21-31 (WEB)

       22 When Jesus heard these things, he said to him, “You still lack one thing. Sell all that you have, and distribute it to the poor. You will have treasure in heaven. Come, follow me.” 23 But when he heard these things, he became very sad, for he was very rich. 24 Jesus, seeing that he became very sad, said, “How hard it is for those who have riches to enter into the Kingdom of God! 25 For it is easier for a camel to enter in through a needle’s eye, than for a rich man to enter into the Kingdom of God.” 26 Those who heard it said, “Then who can be saved?” 27 But he said, “The things which are impossible with men are possible with God.” 28 Peter said, “Look, we have left everything, and followed you.” 29 He said to them, “Most certainly I tell you, there is no one who has left house, or wife, or brothers, or parents, or children, for the Kingdom of God’s sake, 30 who will not receive many times more in this time, and in the world to come, eternal life.”

Luke 18:22-30 (WEB)

Note: I didn’t include Luke 6:38 in this list because when I read it in context Jesus seems to be speaking about giving forgiveness and mercy rather than money.

       I’m seeing a pattern in Jesus’ teaching and it’s not tithing. I wonder why so many churches spend more time talking about tithing than Jesus did…

One of the most obvious bible passages that relates to personal finances is the story of the rich young ruler. The passage, which is found in all three of the synoptic gospels (Matthew, Mark, and Luke) tells the story of a man asking what he needs to do to obtain eternal life. The question is one of the most pertinent questions because since those of us living in western society are the rich, it forces us to ask whether we need to give away all of our wealth. Does God’s message suggest those who are following Jesus to give away everything we have? Such an extreme message seems to suggest that financial planning of any sort is the opposite of what Jesus commands. This seems to be the opposite of what this blog is about, but if we refuse to go the extreme, do we lost the identity as Christians. This paradox is one that has puzzled the church for some time, so I thought I would spend some time reflecting on it.

Here’s the exact words from Mark 10:17-31:

17  And as he was setting out on his journey, a man ran up and knelt before him and asked him, “Good Teacher, what must I do to inherit eternal life?” 18 And Jesus said to him, “Why do you call me good? No one is good except God alone. 19 You know the commandments: ‘Do not murder, Do not commit adultery, Do not steal, Do not bear false witness, Do not defraud, Honor your father and mother.’” 20 And he said to him, “Teacher, all these I have kept from my youth.” 21 And Jesus, looking at him, loved him, and said to him, “You lack one thing: go, sell all that you have and give to the poor, and you will have treasure in heaven; and come, follow me.” 22  Disheartened by the saying, he went away sorrowful, for he had great possessions.

23 And Jesus looked around and said to his disciples, “How difficult it will be for those who have wealth to enter the kingdom of God!” 24 And the disciples were amazed at his words. But Jesus said to them again,“Children, how difficult it is[a] to enter the kingdom of God! 25 It is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.” 26 And they were exceedingly astonished, and said to him,[b] “Then who can be saved?” 27 Jesus looked at them and said, “With man it is impossible, but not with God. For all things are possible with God.” 28 Peter began to say to him, “See, we have left everything and followed you.” 29 Jesus said, “Truly, I say to you, there is no one who has left house or brothers or sisters or mother or father or children or lands, for my sake and for the gospel, 30 who will not receive a hundredfoldnow in this time, houses and brothers and sisters and mothers and children and lands, with persecutions, and in the age to come eternal life. 31 But many who are first will be last, and the last first.”

Initial Commentary on Rich Young Ruler Passage

There are a few preliminary points that I need to point out before reflecting on the question of whether you need to give away all of your wealth. The first, and perhaps more important, is our understanding of “eternal life.” Most often, in Christian circles, this is understood as the path to Heaven. When understood this way, the rich ruler’s question to Jesus seems to be phrased as such: “Jesus, what do I need to do in order to get into Heaven?”

This couldn’t be further from the truth of what he is asking Jesus. Instead, eternal life is more accurately referring to a way of life. In the same way that the “kingdom of God” is referring to a movement that Jesus is starting (instead of some place you go after you die), so is eternal life.  This interpretation is supported by Jesus’ response. He instantly refers to the commandments. The commandments were a part of the covenant of Israelites with God – it was about their life with God right now – in this world. Therefore, the rich young ruler’s question, when paired with this understanding of ‘eternal life’, affirms the importance of our action now.

A Possible Interpretation of Rich Young Ruler Passage

The question remains then, what should be the Christian response when it comes to using our wealth. Does this passage suggest that we need to give everything away?

While it may be tempting to support such an idea, I think reading the passage in this way is too simplistic and misses the point of the passage. Jesus’ point is not that everyone who is rich should give away everything that they have, but instead to point out that we are too strongly connected to our possessions. After all, verse 22 says,

 Disheartened by the saying, he went away sorrowful, for he had great possessions. (emphasis added)

I am not sure about you, but I know that I can relate to this state of being. I know that I am considered on of the richest people in the world. While I strive not to be tied down to physical items or consumed with buying the latest, fastest gadgets, it can be difficult at times. I think we can all relate to wanting the best stuff. The problem is too often we let our consumerism get in the way of following a better path. Instead of feeding the poor, or contributing to a better society, we are caught up taking care of our items. It was just today that I had to run to the DMV before work, drop off my car to get the oil changed, and will have to do several other errands this just to take care of my car. While it is a blessing to have such items, it can also be a curse, as it has the potential to drain all of my free time.

If we understand this passage this way, it helps re-affirm our act of being intentional with our finances. Planning, one of the core fundamental values of this blog, is supported. Following Jesus or even caring for others does not mean that we do the opposite of financial planning, but the exact opposite. In order to help others, we need to weigh the options and be purposeful to not get caught up in consumerism. Jesus asks us to step away from the distractions for the benefit of others. Last but not least, it is important to point out that I am not saying that you should forego giving. This isn’t in support of the idea of hoarding all of your wealth to yourself because it is yours and we are supposed to be wise with our money. Instead, this is an attempt to hold in tension the willingness to help others while also planning ahead for the financial needs that will come up with your family.

Do you identify with the rich young ruler? Is it difficult to avoid buying the latest items?

       On Wednesday, I had the pleasure of interviewing Chuck Bentley, the CEO of Crown Financial Ministries, about his upcoming book The Root of Riches: What If Everything You Think about Money Is Wrong?. The book will be released in the next week or so, but if you’d like to get a 20% discount you can go to http://www.crown.org/rootofriches and sign up to pre-order the book and get a free sample chapter.

       I had the chance to read the book before the interview and I highly recommend it to all of you. Chuck does a good job of getting to the heart of our issues with money by highlighting how being rooted in Christ is the only way to receive true riches. The interview below will give you a good overview of the central ideas in the book and help you determine if it’s something you’d want to read.

       I’ve included the audio here which you can listen to on the website or download for later. I’ve also transcribed the interview for those of you who prefer to read. I’d be interested in your feedback on how well you liked this because it’s the first time I’ve tried doing an interview/podcast. (I was quite pleased with how my intro and outro music turned out!) Feel free to leave your thoughts in the comments at the bottom of the page, and if you have any questions I’ll do my best to answer them.

[audio:http://www.providentplan.com/wp-content/uploads/2011/06/Root-of-Riches-Interview-with-Chuck-Bentley.mp3]
Download the audio by right-clicking here and choosing “Save as…”.
Credits: intro and outro music for the audio is from “Bucolique Utopique” by David on Jamendo

Note: I was not paid anything to post this interview. I only agreed to it after reading the book because I believed Chuck’s message in The Root of Riches is excellent and needs to become more prominent in Christian personal finance.

Continue Reading…

Personal Finance Bible Verses

Corey —  October 11, 2010

Bible with Cross Shadow by knowhimonline on Flickr       Looking for bible verses about personal finance or money? Check out the Personal Finance Bible Verses page to find nearly 1,200 verses about personal finance in the Bible!

       I’ve collected and organized over 1,190 different Bible verses that teach us God’s ways for handling our personal finances. These are not verses that merely mention money. These are verses packed with practical advice about how we should handle our finances in a way that glorifies God. And I’ve tried my best to make sure I only used verses in the right context.

       I hope this resource will prove valuable as you seek God’s teaching on how you should handle your personal finances. Following God’s financial wisdom will have profound effects on your life and the Kingdom of God, but the path required is very different from what the world teaches. May God bless you and open your heart to His teaching as you seek the ultimate truth about how we should live and handle all that God has blessed us with!

Bible with Cross Shadow by knowhimonline on Flickr       Today’s Personal Finance Bible Scripture comes from 1 Thessalonians 5:16-18. I find it to be a good reminder of what we should do as Christians even when we’re experiencing hard times. If you are going through a difficult period right now, financially, spiritually, or otherwise, I recommend you write out this verse and put it somewhere you can see it every day.

       16 Rejoice always. 17 Pray without ceasing. 18 In everything give thanks, for this is the will of God in Christ Jesus toward you.

1 Thessalonians 5:16-18 (WEB)

We can easily break this passage up into four main points:

       1. We should always be joyful – even in the very worst of times. And we have a very good reason to be joyful. God gave His only Son to cover our sins so we can join Him in Heaven. That fact should overshadow any adversity in our life if we really take it to heart.

       2. We should always be praying. This is how we communicate with God. Continual prayer means our minds are always focused on God. Whatever we focus our minds on will have a profound impact on our actions and attitude, so keeping God foremost in our minds is the best thing we can do in any situation.

       3. We should always be thankful – and not just in the good times. God has blessed us so much more than we realize. We get caught up in looking for material blessings, but the greatest blessing we have is Jesus. He has taken away our sins and brings us into communion with God. Even if we’re naked and starving, we still have the blessing of Jesus.

       I think most Christians in the U.S. can agree we’re also very blessed materially. Nearly all of us have a home, clothes, food, and much more. There are billions of people worldwide who would be ecstatic to have a home the size of the average American living room, much less all the amenities and abundance of food we find in our homes. So even in what seem like “hard” times, remember that you are very blessed and be thankful.

       4. This is God’s will for us. This is what God wants us to do all of our lives. He wants us to be joyful and happy, to be very close to Him and always in prayer, and to be thankful at all times. Our lives would be so much more fulfilling if we pursued these three things with relentless passion.

Bible with Cross Shadow by knowhimonline on Flickr       Today’s Personal Finance Bible Scripture comes from Proverbs 21:17.

     17 Those who love pleasure become poor;
     those who love wine and luxury will never be rich.

Proverbs 21:17 (NLT)

       Think the Bible doesn’t have relevant financial advice? Consider that verse one more time. Personal finance experts generally agree that avoiding hard work and buying things you can’t really afford will never lead to financial success. (And by afford I mean that you can still cover all your necessary expenses and save for all of your goals after purchasing your luxury item.) Even though this little bit of wisdom seems like it should be common sense, God wanted to emphasize it in Proverbs as well. I’m guessing it must be pretty important! 😉

       It’s not that God doesn’t want us to have any enjoyment in this life. You really have to look closer at what that verse says. If you love pleasure and luxury, you’re probably not putting God first in your life. As I’ve discussed many times before, God wants your heart and if your heart belongs to something else then you can’t serve Him. It’s fine to enjoy the good things in life, but make sure you have a wise (God’s) definition of the “good” things in life and make sure you put God above all else. That’s the only way you can truly be rich.

Bible with Cross Shadow by knowhimonline on Flickr       This is a question I have asked myself many times. Many people have already tried to answer this question as a quick web search will show you. But I often see where people have twisted the Scripture to fit their message rather than looking at the Scripture first to find the message. I’ve also read that there are over 2,000 Scriptures about money in the Bible, but I can’t seem to find a free resource online that shows all of these Scriptures in one place. Bob at Christian Personal Finance has the most comprehensive list of Scriptures discussing money in the Bible that I have found anywhere online, but it’s a bit short of the 2,000 number that’s so often quoted.

       So I decided to do my own Personal Finance Bible Study to list and categorize as many verses in the Bible that I can find pertaining to some aspect of personal finance. From that resource I hope to cull the Bible’s message about personal finance and apply it in practical ways to our lives today. My biggest worry is that I might also fall into the trap of using Scripture out of context to fit my own message, especially since I’m a financial planner and already have my own ideas about personal finance. If you ever catch me doing this, please let me know!

       As I complete this work, I’m going to share it with you on this website. I’ll start a page showing the categorized list of Bible verses I’ve found along with a running total of the Scripture references and number of verses in each category. I’ll also share Personal Finance Bible Studies with you via individual posts. I encourage your participation as your wisdom and insight will help me improve this Bible Study and my own understanding.

Why Spend So Much Time on Personal Finance in the Bible?

       I don’t want to focus on money so much because of any personal fascination with it or because I’m greedy or because I want to be rich. I’m doing it because it has such an important impact on both our spiritual and material lives. It can be used as a tool to serve God and our needs, or it can keep us far away from God and take control of our lives. The problem isn’t when we’ve got money – it’s when the money has got us. Jesus told us this in Luke 16:13.

13 “No servant can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money.”

Luke 16:13 (NIV)

       Jesus is clearly telling us that we must have the right views about Money if we’re going to truly love and serve God. That’s why I think it’s so vitally important to focus on Personal Finance in the Bible and how it should affect our lives as Christians. If we can get that right, it’ll make it much easier for us to serve God completely and wholeheartedly.

Stay Tuned!

Stay Tune by shop boy on Flickr       So stay tuned for more spiritual resources to come. I’ve already got a good bit of the work finished, but I can tell I have a good bit left to finish.