Category Archives: wealth

3 Lessons To Teach Your Children Before They Inherit Your Money

According to the bible, we should all strive to have enough saved up for our grandchildren to inherit (Proverbs 13:22). If you have already achieved this goal, congratulations, for you have done something very few in society today have been able to do. Most are struggling to save enough money for retirement talk-less of leaving an inheritance to their children.

Now you need to prepare your children for the inheritance they will receive. Failure to do this may turn what is meant to be a blessing for your children into a curse. Without adequately preparing them, they may squander the family wealth or even worse, they may use the money to destroy themselves.

As you think about how to prepare your children before they inherit your money and assets, consider these words of King Solomon (a man widely regarded as the wisest man to ever live):

Wisdom is good with an inheritance,
And profitable to those who see the sun.
For wisdom is a defense as money is a defense,
But the excellence of knowledge is that wisdom gives life to those who have it.

Here are some life lessons you should share with your children

(1) Be Wise With Your Money: The majority of people who inherit a large sum of money blow it and leave nothing to their children. For those that inherit wealth in the tens of millions of dollars, statistics show that the money is usually gone by the 3rd generation. Why is this? It is because people let money get to their heads and they stop acting wisely. It is important to be wise with money. Those who are wise with their money (by becoming financially knowledgeable) can invest it wisely – to grow it so they can use it for philanthropic purposes and to create business that help create jobs for people so they can hep their families. In this way, the wisdom of those who have money become profitable for people all over.

(2) Do Not Put Money Above God: In his first letter to the Corinthian church, the Apostle Paul writes that Jesus became wisdom for us (1 Corinthians 1:30). Since the Son is God, this means that there is no wisdom without God. By substituting Wisdom for God in the words of King Solomon, we see the words ‘God is good with an inheritance and (God is) profitable to those who see the sun (those who are alive). Why the emphasis on God? It is because money makes a good slave but is a terrible master. When money rules, our world falls apart. But when God rules, our world falls in place. For an inheritance to be profitable to us and others, it must never take the place of God in our heart and life.

(3) Money Will Not Bring You 360 Degree Success In Life: Money is a defense against many troubles that life throws us. Anybody who has a lot of money likely do not have to worry about sustenance or security. The stats also show that having money is a defense against divorce amongst many other things. Bu there is the thing. Wisdom is also a defense. A person who walks in wisdom does not need an inheritance to be wealthy but can build it from the ground up. But the beauty of wisdom is that it is more than a defense against troubles. Wisdom is a source of victory in our lives. Unlike money, wisdom can enrich our lives by bringing love, joy, peace, goodness, faithfulness, courage, boldness, kindness, might, and many other intangibles. Therefore, we must not be like those who have money but are dead inside. We must keep wisdom as the principal thing (Proverbs 4:7)

What steps can you take today to be wiser with your money? 

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Practical Bible Wealth Tips: 3 BIG Keys to Living in Abundance

I have come that they may have life and have it more abundantly – John 10:10b

Where do we get the idea that God desires for us to live on the  cusp of not having enough and barely making it through? Is it from the word of God or is it from tradition? Unless specifically called to live otherwise (due to something specific and magnificent that God wants to achieve in and though us), the words of Jesus quoted above makes it safe to say that God wants us to live an abundant life.

As hard as it may be for some of you to believe, this was the plan from the very beginning when God made a picture perfect world for our ancestors (Adam and Eve) and made provision for them to live their lives to the fullest (see Genesis 1 and 2).

Unfortunately, our oldest ancestors decided to trade in their abundance for poverty – strange and foolish decision. Now lest we should follow in the footsteps of our ancestors, we need to understand the drivers that led to that crazy decision. Though there are  significant spiritual nuggets that we can take away from the story of Adam and Eve’s crazy decision, there are 3 BIG practical lessons that we need to learn, that if we do not learn, will lead us to trade in the abundant life that God wants us to have for a life of poverty.

Books (B)

The first thing the enemy of abundant life (Satan) did was test what Eve knew about the principle of life in the garden. Specifically, he tested her knowledge of God’s word concerning a specific tree in the garden.

If she had not known God’s word, then he could have hoodwinked her right there. Thus we see that lack of knowledge will always rob us of abundant life.

Friends, we should make reading a habit. Once we know, it is nigh impossible to un-know. Moreover, the things that we know should help us make better decisions, combat falsehoods, and expand our horizon.

Food for Thought: Ignorance is not bliss but blitzes our lives and robs us of the abundant life that has been given to us.

Our top priority should be to feed our spirit (the bible) and then fill our minds with good and useful knowledge.

Individuals (I)

What Eve was doing hanging out with the devil, I will never know. Instead of excusing herself, she carried on a conversation with the creation that was jealous and envious of her position and only wanted her downfall.

The scripture reminds us that bad company corrupts good character (1 Corinthians 15:33). The opposite is also true – good company enhances and encourages good character.

The people we keep around us are influencers. If we want to know where we will be in the next few years, all we need do is take a look at a deep look at the totality of the lives of our influencers.

The people we keep around us will rob off on us and ultimately change our character.

Food for Thought: The best move  we can make is decide to keep company with the Holy Spirit (for He is our standard) and keep company with people that reflect the character of Jesus (for they are our examples).

Goals (G)

The goal of Adam and Eve should have been to get close to the tree of life and munch its life giving fruit the moment they knew of its existence. But no! They did not have the goal of making their lives even better by eating of the fruit of the tree of life.

It was the lack of having a grander vision for their lives that made them susceptible to banter about the tree of the knowledge of evil.

The same is true for us as well. Here is how it works: If you have a goal of attending Harvard, you have no time to entertain thoughts of hanging around the corner wasting time. If your goal is to save $10,000 per year, you will not entertain buying a fancy race car. Why? It is because it does not line up with your goals.

In order words, purpose is what streamlines our lives and keep us focused.

But what if you do not have goals? What if your goals are not big enough? Then you will entertain all sorts of crazy thoughts and find yourself in places you should not be in life.

We should set goals that make something of us to achieve them.

Food for Thought: The best goals are God-sized. That means that nothing other than divine intervention will help us achieve them. These God-sized goals help us keep our eyes on God and keep out feet on the right path.

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Practical Bible Wealth Tips: 3 Habits That Lead to Poverty

When you till the ground, it shall no longer yield its strength to you. A fugitive and a vagabond you shall be on the earth – Genesis 4:12

The scripture quoted above talks of the story of Cain, the first born of Adam and Eve (the first couple on earth), who murders his younger brother Abel. In this biblical saga, Cain starts off as a successful tiller of the ground (who had enough to make offerings) and ends up as a man who loses his livelihood and becomes a fugitive and a vagabond in a short period of time. Why did he go from success to poverty in such a short time period? It is because of the 3 things discussed below.

Taking Failure to Heart

The story goes that both Cain and Abel made offerings to God. While Abel’s offering was accepted, Cain’s was not. At this Cain became angry and ‘his countenance fell’. Instead of taking this failing as an opportunity to learn and find out exactly what he had done wrong from God, he simply became downcast and stewed in his failure, thus opening himself up to unhelpful and outright immoral and dangerous thoughts. In other words, he had taken his failure to heart.

By faith Abel offered to God a more excellent sacrifice than Cain… – Hebrews 11:4

Like Cain, there may be times where we do not do things excellently…either because we do not seek the prior input of knowledgeable others (in Cain’s case this was God or Abel) or for any other reason. No matter the reason for our failing, the key is that we do not take our failure to heart but that we learn from it, brush it off, and move on to the next thing. Just because you have failed does not mean you are a failure.

…But one thing I do: Forgetting what is behind and straining towards what is ahead… – Philippians 3:13

Being Prideful and Unrepentant

Knowing that Cain had taken his failing to heart, God immediately stepped in and warned him of his heart condition saying:

Why are you angry, and why has your countenance fallen? If you do well, will you not be accepted? And if you do not do well, sin lies at the door… – Genesis 4:6-7

God was telling Cain not to mope around but to offer a more excellent sacrifice. Moreover, he warned him that sin was waiting to pounce on him if he did not budge. Well, as the story goes, Cain did not heed the word of God and so did not change his mind. In other words, he remained unrepentant – he did not act in accordance with what he now knew. What did he know? He knew that he could try  his sacrifice again and that he could ask for instruction on what to do! Did he ask for instruction? No! He became prideful. It was now his way or the highway. The problem was that his way led to the highway of poverty and lack.

Friends, there is no recipe for disaster quite like pride (being dogged about one’s way being the best) and unrepentance (unwillingness to change ones mind and do things differently) even in the face of failings. When this recipe is cooked with the fire of an external loci of focus, we get the end result of calamity.

Having an External Loci of Focus

Now unable to admit his own culpability in his failing because of his pride, he had to find a suitable scapegoat. Seeing that he could not take out his frustration at God, he chose to lash out at his brother.

Now Cain talked with Abel his brother, and it came to pass, when they were in the field, that Cain rose up against Abel his brother and killed him – Genesis 4:8

The truth is that our reaction to events depends on our loci of focus – whether internal or external. Pride and unrepentance always leads us to have an external loci of focus. An external loci of focus tells us that we cannot do anything about what is happening to us and that we are not at fault. This focus leads to bitterness and leads us to point the finger of blame. This is what happened to Cain. Note that while an external loci of focus leads to external blame, an internal loci of focus leads to internal change.

So friends, instead of trying to change everything and everyone else, remember that real change starts with us.

Change the way you see failure, change the way you respond to failure (respond in humility and repentance), change your focal point, and you will change the trajectory of your future.

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