Yesterday, at the Florida College Lectures, Norm Webb, Jr. who’s a gospel preacher as well as a financial advisor with Edward Jones presented an excellent lesson entitled “Rich Toward God: Using Wealth Faithfully for the King.”
His lesson combined the parables of the rich fool and the unrighteous steward. Today’s list, with only some slight modifications, comes from his lecture manuscript where he offered some practical suggestions for money management.
Practical Application of Biblical Money Management
#1 Your value is not measured by how much you make, but in whose image you’re made (2 Cor. 5:1-4; 1 Cor. 6:19; Ax. 17:28).
#2 God is the owner of everything and you are just the manager (Ps 89:11; Hag. 2:8)
#3 Invest in eternal riches (Matt. 6:19-21; Rev. 14:13).
#4 Pray about your finances (Phil. 4:6; Prov. 30:7-9).
#5 Learn to be content (Eccl. 5:10; Phi. 4:11).
#6 Save wisely (Prov. 21:20; 10:5).
#7 Spend prudently (Prov. 13:7).
#8 Give generously (1 Tim. 6:17-19; Eph. 4:28; Prov. 11:24f; 28:27).
Indeed, money can be a wonderful servant, or a terrible master.
–Ken Weliever, The Preacherman