Is Money Good or Bad?

Is Money Good or Bad?

The Bible is often misquoted as stating that money is the root of all evil. Not so. The Bible actually states that “the love of money is the root of all evil” (1 Timothy 6:10, emphasis added). That is a very important distinction. Money is not inherently bad. In fact, great good can be done with money when it is used properly. Good people are often empowered to do even more good when they have money. Think of the Good Samaritan in the Bible. If he were penniless, his ability to care for the man who had been mugged would have been severely diminished, because he would not have been able to pay the inn keeper (see Luke 10:25-37). Thousands of charitable organizations which do a tremendous amount of good throughout the world could not exist without the generous donations of many affluent people. On the other hand, when we set our hearts upon our possessions, hoard them all for ourselves, or covet other people’s riches, we are headed down a dangerous road that will certainly lead to misery. We must learn to love people, not money. What Should We Do with Our Money? Obviously, the primary purpose of money is to provide for the basic necessities of life: food, clothing, and shelter. After we have met these three basic needs, the choices for what to do with our surplus are endless. I believe that someday we will be accountable to God for how profitably we utilized our resources throughout our lives. Everything we have comes from the great Creator of the universe. When we die, we cannot take...
How Do We Get Money?

How Do We Get Money?

Warren Buffet, one of the richest people in the world, said there are only two ways to make money: find value or create value. There is no such thing as something for nothing. One morning at the gym I overheard a middle-aged man talking to the man next to him. He just found out that an old girlfriend of his from many years back recently inherited $130 million, so he is planning to call her. He said, “Hopefully she still loves me.” I am amazed that so many people are always searching for a quick path to easy money. Too many people think society owes them a living. Of course we all have an obligation to care for those who truly are physically or mentally unable to care for themselves. Extenuating circumstances may also necessitate a temporary lending hand even to capable people. Otherwise, everyone who is physically and mentally able to earn their own living must accept their responsibility to do so, no matter how difficult it might be. Those who do so feel much better about themselves and become a benefit to society rather than a burden. We should never seek to take money away from others without giving adequate value in return. This is one of the reasons I am not a fan of gambling. In order for one party to win, all other parties involved must lose. There are many ways we can acquire money legitimately through finding value or creating value. We can find value by purchasing property that generates current income, that has the potential to generate income in the future, or that...