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February 2013 - God's way of managing our finances Part 1 – Causes of Financial Trouble

God's way of managing our finances Part 1 – Causes of Financial Trouble

☳ by Adam Aspilla

We have learned so much from world's financial experts on how to manage our finances. Yet the world is in financial crisis not only individuals but governments as well. What is shocking, not only poor countries are in financial trouble but rich countries included, like countries in Europe. United States of America is not an exception. It was once considered the richest country in the world, but now the number one debtor-country in the world with a total staggering debt of more than 16.5 trillion dollars and counting. According to an expert, to count the said amount of money at one dollar every second, it would take about one million years. The question is why is this happening in our world today? Is this because we do not follow God's way of managing our finances?


To answer to the above question let us look at God's way of managing our finances in five part-series (the second-part, "Signs of Financial Trouble"). Then, after you read them all, you can answer the above question yourselves.


What we hope having more will bring:


First, we want more satisfaction. Eccl. 5:10 says: "You will never be satisfied if you long to be rich. You will never get all you want." It is our inherent nature that we never satisfy of whatever we have. Years ago, it was in the news that a billionaire in Europe had a net worth of 13 billion Dollars before recession. After recession, his net worth went down to 9 billion Dollars. He was devastated and committed suicide. He was not satisfied with his 9 billion dollars net worth.


Second, we want more significance. Luke 12:15: "A man's true life is not made up of the things he owns, no matter how rich may be." The misconception is that material wealth determines our value, that if we have little we must be worth less. Since we want to be liked and respected and looked up, we must continually keep on getting more and more. The fact is, we buy things we don't need. The motive is to impress people.


Third, we want more security. Prov. 23:5: "Your money can be gone in a flash, as if it had grown wings and flown away like an eagle." The Bible says it's dumb to base on how much you've acquired because you can lose it all. How many ways you can lose everything overnight? An infinite number of ways like: recession, calamities, war, accident and death.


What having more really brings:


First, it brings more expenses. Eccl. 5:11: "The more money you have, the more you spend, right up to the limits of your income…"


When we have less money we only spend for our basic needs like: food, clothing and shelter. We do not spend for our wants. When we have more money, our wants become needs like: buy a bigger house, buy an expensive car, celebrate expensive birthday parties and etc. This is one of the reasons many people who have been in Canada for years go broke.


Second, it brings more worries. Eccl. 5:12: "A working man… can get a good night's sleep. But the rich man has so much that he stays awake worrying!" An ordinary working person, when he comes home from work, he can have a nice night sleep, for he has nothing to worry about investments. While a rich man could not get a nice sleep for he is worried of the state of the economy. For if stock and real estate markets collapsed his investments would go down the drain.


The above biblical passages simply reveal human misconceptions that material wealth could bring real security and happiness. There is nothing wrong to acquire material wealth. What is wrong, the Bible says, is the love of money (material wealth) more than the love of God. 1 Timothy 6:10, Apostles Paul says: "For the love of money is a root of all kinds of evil…"




Adam Aspilla is a Senior Financial Counselor of the Debt Clinic of Canada Inc. and the author of the book, You Can Negotiate All Your Debts. He also writes a biweekly column, “What Matters In Life” in “Taliba Newspaper. For free initial, professional and confidential consultation, please call 905-306-7572.