The Bible is indeed life’s manual. Aside from the spiritual guidance it offers, it is also packed with practical lessons on almost all facets of life. Today, we will learn a vital financial management lesson from the bible.
“The rich rule over the poor, and the borrower is servant to the lender.” (Proverbs 22:7)
The two statements in the verse above are two sides of the same coin. It’s like trying to say the same thing in two different ways. In other words, the rich are lenders and the poor are borrowers.
The poor have a lifestyle of borrowing. Waste, recklessness and extravagance ultimately raise one’s lifestyle beyond their means. As people live a life they cannot afford, they are inevitably plunged into debts.
The rich, on the other hand, are lenders. When you cut down on excessive expenditure and prodigality, you will have extra money to lend. Lending involves putting your money in places where you earn an interest periodically. They could be in investment accounts, t-bills, shares, etc.
To be financially independent, we must handle our finances in such a way that we lend rather than borrow.
The famous financial expert Robert Kiyosaki wasn’t far from biblical wisdom when he said, “It’s not how much money you make, but how much money you keep, how hard it works for you, and how many generations you keep it for.”
“For the LORD your God will bless you as he has promised, and you will lend to many nations but will borrow from none. You will rule over many nations but none will rule over you.” (Deuteronomy 15:6)
Remain inspired!
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