On Tuesday we discussed saving money for an emergency fund. Yesterday we discussed saving money to make cash purchases to avoid debt. Today let’s look at a third reason to save money, wealth building.
Remember, I am not talking about being eager for money I am simply talking about being wise with money. There is a difference. The love of money is the root of all kinds of evil (1 Timothy 6:10), but to be wise with money…well…that is just wise.
Proverbs 28:20, says; “A faithful man will be richly blessed, but one eager to get rich will not go unpunished” (NIV). Please do not misunderstand me. I am not advocating a prosperity theology here. I believe this verse describes just the opposite. God does bless those who are faithful. All those blessings are not necessarily financial, although they can be. God blesses in many ways.
However, if your goal for faithfulness is to become wealthy, that would be “eager to get rich” and as this verse says, those will be punished. Again, do not be eager for money, but be wise with it. Saving money for wealth building does not have to be an “eagerness for”, it can simply be gaining wisdom with our money.
Someone who is faithful about saving a little money every month over a lifetime will build wealth. Being wealthy is not a sin. It is the attitude behind the wealth and the accumulation of it that makes it right or wrong. There are many wealthy people who use their money for godly purposes.
Dave Ramsey often uses the following equation: If you save $100 per month, every month for 40 years at 12% interest you will build it to $1,176,477. Then he goes on to say, “what if I am half wrong?” Well, the answer would still be $588,238.50. That is still not a bad retirement. Imagine the people you could help with that kind of wealth!
What do you want to do with your wealth in retirement?
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Tommy Lanham is a dynamic, award-winning speaker who has been training individuals and organizations to reach their God-given potential for 25 years. With a unique blend of Ziglar motivation and ragamuffin faith, Tommy delivers powerful, life changing messages filled with humor, hope, and enthusiasm.
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