MoneyWalk 87: Should I Save and Invest?

This program will help you undo financial bondage.

The bible contains a pattern where people of God accumulated wealth from legitimate work and inheritances that would be used to carry out God’s will and take care of their families at the current time and into the future. Consider the faith of Abraham and Sarah, Jacob, Boaz and Ruth, King David, Mordecai and Esther, Joseph of Arimathea, and Barnabas.

Undoubtedly, some of the patriarchs and matriarchs suffered trials, tribulations, and even poverty at certain points in their lives. We also know that some of them committed sin on occasion. Yet, the Father was faithful to restore them when they repented and continued to build trust in Him. The bible gives no indication whatsoever that the accumulation of wealth they experienced was sinful or in conflict with His will.

The instruction of scripture is that we make sure that our devotion to God through Jesus Christ is our number one priority. See His face and not His hand. For when you seek His face, He provides all that you need and more to fulfill His plan for your life and it happens without you taking on greedy, covetous, and selfish traits.

This accumulation of wealth from godliness is the result of God opening the windows of heaven and pouring out a blessing that you cannot contain and you managing it (giving, saving, and spending it) in accordance with biblical principles for good stewardship. It is clear in scripture that you should seek to save and invest a portion of the manifold blessings God provides you.

The bible doesn't identify a specific amount that you should save and invest, yet wisdom could lead you to set aside at least ten percent of your gross pay as a minimum aim since it equals the minimum amount He exhorts us to give for the spread of the gospel and the earthly maintenance of the church and ministry staff.

You can start this process by reducing your spending on needless material purchases, so you can save as much as possible until you have at least 6 months of emergency income in a savings account. After you’ve reached that goal, put additional savings in investments that provide diversity and won't put the funds in unreasonable financial jeopardy, such as reputable stock and bond mutual funds and money market accounts.

I hope that hard times never come upon you and I pray that God sustains the church in good and bad economic times, yet Proverbs 23:20 says that wise people save and foolish people spend all that they get and Ecclesiasts 11:2 exhorts you to invest a portion of your income with seven or eight sources because you don't know what bad times may come upon you.

Just remember, savings and investments are not your source. They’re only a resource that God the source allows you to set aside to provide help in time of need: maybe for yourself, maybe for others, probably for both. Never be worried about the amount of your accumulation. Simply work hard and be a good steward according to biblical instruction concerning giving, saving, and spending and you will find that the amounts that you accumulate over time will be immensely helpful in carrying out God’s will for your life.

Please pray for this ministry and email any questions. May God bless you richly as you follow His plan!!!

Genesis 13:2, 1Chronicles 29:3-5, 27:57, Luke 10: 25-37, Acts 4:37

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