RSSWhat the Wealthy Say About Debt
Mar 09
Debt, General, The Bible & Money No Comments
I normally quote Biblical scriptures that deal with money issues, but for those who are not convinced by scripture, here are some quotes from America’s richest people.
Bill Gates said, “Leverage is a very dangerous thing.”
Warren Buffet said, “…keep enough cash around so I feel very comfortable and don’t worry about sleeping at night…You always want enough so that no one else can determine your future.”
Now, Jesus on rich people and salvation. This is not directly related to the quotes above, but it’s for you to understand that my ultimate goal in teaching financial literacy is not for people to get rich, but for people to learn to handle money God’s way and be free to do what pleases Him. Being wealthy can be very dangerous if we don’t have God’s power which enables us to put money in its proper place.
And when he was gone forth into the way, there came one running, and kneeled to him, and asked him, Good Master, what shall I do that I may inherit eternal life? 18 And Jesus said unto him, Why callest thou me good? there is none good but one, that is, God. 19 Thou knowest the commandments, Do not commit adultery, Do not kill, Do not steal, Do not bear false witness, Defraud not, Honour thy father and mother. 20 And he answered and said unto him, Master, all these have I observed from my youth. 21 Then Jesus beholding him loved him, and said unto him, One thing thou lackest: go thy way, sell whatsoever thou hast, and give to the poor, and thou shalt have treasure in heaven: and come, take up the cross, and follow me. 22 And he was sad at that saying, and went away grieved: for he had great possessions. 23 And Jesus looked round about, and saith unto his disciples, How hardly shall they that have riches enter into the kingdom of God! 24 And the disciples were astonished at his words. But Jesus answereth again, and saith unto them, Children, how hard is it for them that trust in riches to enter into the kingdom of God! 25 It is easier for a camel to go through the eye of a needle, than for a rich man to enter into the kingdom of God. 26 And they were astonished out of measure, saying among themselves, Who then can be saved? 27 And Jesus looking upon them saith, With men it is impossible, but not with God: for with God all things are possible. 28 Then Peter began to say unto him, Lo, we have left all, and have followed thee. 29 And Jesus answered and said, Verily I say unto you, There is no man that hath left house, or brethren, or sisters, or father, or mother, or wife, or children, or lands, for my sake, and the gospel’s, 30 But he shall receive an hundredfold now in this time, houses, and brethren, and sisters, and mothers, and children, and lands, with persecutions; and in the world to come eternal life. 31 But many that are first shall be last; and the last first. Mark 10:17-31 (KJV)