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The Moses of Wall Street by Ron Tank is an excellent read for investors who want to follow the biblical principles for investing and participate as an honest Christian.
For a brighter future, it is important that everyone has an understanding of how to save up money and grow their wealth in a stable, consistent, and ethical manner.
Perhaps the quickest way of doing this, outside of being a popular entrepreneur, is through investments, generally commitments that involve spending money in the hopes of generating more money in the future.
While 1 Timothy 6:10 says that “…the love of money is a root of all kinds of evil…” it is only so because there are plenty of ways an honest Christian can become an unscrupulous, greedy businessman. If you want to avoid becoming one yourself, you have to be humble and learn about the biblical principles for investing.
Why Follow Biblical Principles for Investing
Dishonest money dwindles away, but whoever gathers money little by little makes it grow.Proverbs 13:11
Although almost everyone believes they can be quite good with money when pressed for it, the reality is much more nuanced, and while many end up with negative outcomes, they are manageable if one has prior awareness and knowledge. This is where adherence to the biblical principles for investing, as outlined in The Moses of Wall Street, comes in. People need both practicality and faith to properly learn how to manage their money. Saving and investing wealth is incredibly demanding, not just on your wallet but on your mental well-being.
Planning for your future is challenging since there are plenty of ways to go about it; it’s like trying to escape a labyrinth inside a cave, you see.
There is a significant number of people who choose to squander away their money, spending it whenever possible without any care for whatever the horizon has for them. For a greater share of the population, though, budgeting, trying to avoid taking large loans, and just putting money in their savings bit by bit are the most popular forms of saving up. All of this is for the express purpose of enjoying life later on without the need to worry about their financial condition.
While this can all be overwhelming, it becomes much, much easier if you have proper biblical principles to follow, whether it is budgeting or investing.
For an in-depth look at the profound biblical principles for investing, Ron Tank’s The Moses of Wall Street is the best example. Written for lay people and beginners to investing, it is a brilliant guide to knowing how to approach investing that does not contradict Christian values and does the added benefit of dispelling the negative notions one may have of Wall Street as an institution.
In investing, it is almost always the first one who benefits the most. Do you have plans for your investment future?
Bible Verses for Consideration
While The Moses of Wall Street offers a very thorough explanation of the many biblical principles for investing that one should follow, you should buy the book first and bring out your own comprehension and interpretation of Ron Tank’s words.
In the meantime, here are lovely and wonderful biblical verses that you can stew on for consideration:
- Proverbs 15:22: Plans fail for lack of counsel, but with many advisers, they succeed. Do not be afraid to go out and ask for advice. This is especially the case if you are someone who has a partner. Ask them and consider their opinions too.
- Proverbs 13:16: All who are prudent act with knowledge, but fools expose their folly. Do your research. Do not go head first into anything that you have no clue about. Even if you think you do, learn more.
- Ecclesiastes 11:2: Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land. Do not focus on one way but consider others. Be liberal with your investments while being serious about which.
- Proverbs 11:28: Those who trust in their riches will fall, but the righteous will thrive like a green leaf. Of course, while creating wealth for you and your family is the goal, do not solely rely on it as the pillar holding up your future. Do not forget your faith, your family, your friends, and your community.