Financial Principles; King Solomon’s Economy

King Solomon was the wealthiest person who ever lived. He would make Bill Gates appear like a pauper!

However, a closer examination of Solomon’s life reveals that his enthusiasm for living was not concentrated on wealth. He in fact asked for an “understanding heart” so he could “discern between good and evil” (1 Kings 3:7-9).

You are unlikely to ever have Solomon’s degree of wealth, but you can be a part of his wisdom. The following are six points about his financial advice, all of which can be applied to your own household today:

If you plan to eat, you better work! 

“He who tills his land will have plenty of food, but he who follows empty pursuits will have poverty in plenty” (Proverbs 28:19).  If you are not able to work, the Lord has still promised to be your provision.

You’ll never succeed if you continue to sleep!

“A little sleep, a little slumber, a little folding of the hands to rest, then your poverty will come as a robber, and your want like an armed man” (Proverbs 24:33-34).

Don’t spend your savings

“There is a treasure to be desired and oil in the dwelling of the wise; but a foolish man spendeth it up” (Proverbs 21:20 KJV).

Make honesty of your financial foundation 

“Wealth obtained by fraud dwindles, but the one who gathers by labour increases it” (Proverbs 13:11).

Riches are only temporary

“Know well the condition of your flocks, and pay attention to your herds; for riches are not forever, nor does a crown endure all generations” (Proverbs 27:23-24).  To continue to be rich, you must be consistent in these virtues.

Give God what belongs to Him

“Honor the Lord from your wealth and from the first of all your produce; so your barns will be filled with plenty, and your vats will overflow with new wine” (Proverbs 3:9-10).  You can honour God with your money through tithing, offerings and charity.

How Many Do You Practice?

With an ever-changing economy, it can be challenging to apply Solomon’s advice in every circumstance. You may be between jobs and unable to work at times. When your body is tired, you may require more rest than usual. When there’s a financial emergency, you have to be compelled to use your savings.

But one truth should never be overlooked: “Honour the Lord from your wealth.” Remember, this chapter does not only apply to the wealthy (as defined by today’s standards); it applies to all of us, regardless of how we define our money or material worth.

If you are really seeking the truth that will end in your life being “filled with plenty,” these basic principles must not be overlooked.

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