Thursday, June 7, 2018
Depression and Money
consumer debt is escalating at a stunning pace to the tune of more than 2.5
trillion dollars. From Wall Street to United States ,
many are counting on consumers to use their credit cards to jump start the
sputtering global economic engine all over again. However, the Washington
is facing an economy in which 70 percent of its economic output depends on
consumer spending. Now that the consumers are over their heads with massive
debt, any sustainable economic recovery in the near future is but a wishful
thinking. United States
So, be prepared for a longer and deeper recession. There will be more difficult times ahead. No matter what, believers have to live and survive on faith.
To survive in this economic crisis, a believer needs Biblical wisdom to survive on faith that has little to do with being poor or rich.
According to Solomon, neither is prosperity a sign of being blessed, nor is poverty an indicator of being spiritual. Solomon asked that he not be left in poverty or riches:
"Two things have I required of thee; deny me them not before I die: Remove far from me vanity and lies: give me neither poverty nor riches; feed me with food convenient for me: Lest I be full, and deny thee, and say, Who is the Lord? Or lest I be poor, and steal, and take the name of my God in vain." (Proverbs 30:7-9)
Poverty may make a person bitter and depressed, while prosperity may turn a person away from God.
In addition, Jesus said that prosperity being more of a stumbling block than a stepping stone to salvation: "It is easier for a camel to go through the eye of a needle than for a rich man to enter the
(Matthew 19:24) kingdom of God
However, Biblical wisdom to live in faith will make all things possible, whether in poverty or prosperity. Jesus said: "With people, this is impossible, but with God all things are possible." (Matthew 19:26)
But faith alone, without works, is not enough.
"You see that a man is justified by works and not by faith alone." (James 2:24)
Therefore, to survive on faith, you need not only to have the wisdom in the right concept of money, but also to put it into practical application in your daily life. Your relationship with money in terms of practical material matters is a reflection of your ultimate relationship with God.
To survive on faith in tough economic times is the tallest order requiring the observation and application of three Biblical principles:
(1) The Biblical principle of gratitude: Be grateful for what you have, and stop complaining of your lack. God may have given you less than others, but everything is relative. Presently, you may be struggling from paycheck to paycheck; you may be working hard, but still can hardly keep your head above water.
"You have sown much, but harvest little; you eat but there is not enough to be satisfied; you drink, but there is not enough to become drunk; you put on clothing, but no one is warm enough; and he who earns, earns wages to put into a purse with holes." (Haggai 1:6)
(2) The Biblical principle of sharing with others: The more you give away, the more you will receive. It is not the other way around: receiving more before giving away more.
(3) The Biblical principle of God owns it all: God, who owns everything, does not need your money. Jesus taught that followers of God must put Him first.
"For what is a man profited, if he shall gain the whole world, and lose his soul? Or what shall a man give in exchange for his soul?" (Matthew 16:26)
God should be your first priority, not your concern of poverty or prosperity. With faith, God will take care of all your needs.
Because God owns it all, your money is not yours, and you are only a steward of God's money. Living in faith helps you stay focused on these Biblical principles related to everyday practical money matters. Accordingly, managing your money becomes your responsibility. Good money management leads to financial freedom even in difficult economic times. This is Biblical wisdom to survive on faith.
Living in faith means believing that God can do anything that He chooses to do, including providing material things, such as better jobs and more money. However, there is one uncontested truth: No one has ever created wealth without learning how to handle money wisely, nor without applying what they have learned.
To read my book TAO The Way to Biblical Wisdom, click here.
Copyright©2018 by Stephen Lau
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