Photo by Karolina Grabowska

Wall Street expert Ron Tank teaches us that the best advice is in the best practice—all outlined in Moses of Wall Street, a wonderful book of financial advice based on Biblical lessons.

In The Moses of Wall Street, Ron Tank weaves in Christian faith with sound financial advice. For some, this might sound ludicrous, but it is actually a very natural progression. 

While there is much to be said about the spiritual world in the Bible, it is also a powerful tool for financial advice. There are over 2,300 verses in the Bible that mention wealth. 

This shows us that God considers money to be an important issue and that He wants us to be wise stewards of the resources He has entrusted to us. Christianity and economics are not to be divided but instead to be practiced in tandem with one another.

Rendering Unto Caesar 

It is said in the gospels that Jesus told his disciples, “Render unto Caesar what is Caesar’s, and unto God what is God’s.” 

Now, what does this mean? It means precisely that Christ himself acknowledges the importance of being financially literate, especially when we are still in this earthly plane. As such, this article will show you powerful financial advice taken from the Bible.

Budgeting

The Bible has a lot to say about budgeting. In the book of Proverbs, we are told to “establish [our] plans” (Proverbs 16:3). We are also advised to “Honor the Lord with your wealth” (Proverbs 3:9). 

This shows that God wants us to be intentional about our finances and to have a plan for how we are going to use our money, especially when it is done with His name.

Debt

Debt can be a significant financial burden.; it makes it difficult to save money, buy a home, or start a business. In Proverbs again, we are warned that “the borrower is a slave to the lender” (Proverbs 22:7). We are also told to “[l]et no debt remain outstanding, except the continuing debt to love one another” (Romans 13:8).

These verses teach us that we should avoid debt as much as possible. If we have an obligation, we should work hard to pay it off quickly.

Savings

It is vital to save money for the future to be prepared for unexpected expenses, such as a job loss or a medical emergency. The Bible also encourages us to save money to help others in need.

In Genesis, we read about how Joseph saved grain during the seven years of plenty so that the people of Egypt would have food to eat during a famine that lasted for seven years (Genesis 41). This teaches us that it is important to save money for the future and to be prepared for whatever comes our way.

Charity

God wants us to be generous with our money. He wants us to give to others in need and to support the work of the church. When we give generously, we are not only helping others, but we are also helping ourselves on our paths toward Heaven (Matthew 6:19-21).

In the book of Malachi, we read about how God promised to bless the people of Israel if they would give a tenth of their income to the temple (Malachi 3:10-11). This shows us that God is generous with those who are generous with others.

Unto God 

Ultimately, our finances are in God’s hands. He is the one who provides us with everything we have. When we trust God with our finances, we can be sure He will provide for us.

In Philippians, it is said that “God will meet all [our] needs according to the riches of His glory in Christ Jesus” (Philippians 4:19). This verse teaches us that we can trust God to provide for us, even if we are going through a difficult financial time.

By following the biblical principles outlined above, we can become more financially literate and make wise decisions with our money.