Wise Financial Insights Inspired by Biblical Teachings – Dr. Daniel Olukoya

Successful individuals use their time wisely, while others may squander it.

Insightful financial advice from the Bible, when followed carefully, can lead to financial success.

Tip 1 is to create a budget (Luke 14:28-30). This scripture highlights that a builder should assess the costs of construction before starting the project. If he doesn’t, he might end up unable to finish it. Similarly, to avoid financial difficulties, you must set a budget for your plans. Don’t spend on things you didn’t budget for, and resist the urge to make purchases just because others are doing so. Prioritize your budget and adhere to it closely.

Tip 2 is to steer clear of debt. Proverbs 22:7 states that the rich rule over the poor, and that a borrower becomes a servant to the lender. The Bible advises against taking loans without carefully considering your ability to pay them back. Manageable loans can be helpful, but those you can’t repay only create more problems. Understand that you are bound to the lender until the debt is cleared. Avoid borrowing for weddings, funerals, or other non-essential expenses. Live according to your means. Being in debt can lead to constant worry and may even affect your health.

Tip 3 is to save for unforeseen circumstances. Proverbs 30:25 states, “The ants are a people not strong yet they prepare their food in the summer.” Ants exemplify the importance of preparation; they gather supplies to sustain themselves during lean times. Take a cue from them. No matter your current income, set aside a portion for future needs. A farmer who consumes all his seeds during harvest will have nothing to plant later. Remember, without planting, there will be no harvest. To avoid financial strain, make investments for your future. This approach will lead you to financial prosperity.

Embrace these financial principles, dear friends, and liberate yourself from poverty’s grip. God bless you, in the name of Jesus.