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10 Biblical Basics for Financial Freedom, Abundance and Peace – Part 1

One of the biggest struggles that we face in the world today is our serious cash indebtedness and poor management of our finances that continue to bring about hardship and miseries in our lives.

We are constantly bombarded by mainstream media flashing the latest gadgets, gizmos, apparatus and appliances. Their marketing strategy and sales pitch are to say the least very seductive.

Slowly but surely we find ourselves lured into the greasy traps with the ‘buy-now-pay-later’ or ‘no-money-down syndrome,’ only to have huge arrears, money owed and the creditor or a bill collector come showing up at your doorstep sometime after the purchase deal was sealed.

There are mounds of debts through credit cards, yet daily, people continue to put themselves into more financial messes that not only lead to stress and sleepless nights but also stress related diseases and illnesses.

It is even more troubling the rate at which governments world-wide continue with their big spending – millions of dollars either in overdraft or deficit.

The truth is God not only expects better from us in our management of money, He wants us to get out of debt and on to the path of financial freedom and peace.

It also speaks to our obedience to His word that is filled with real and practical financial principles, that if we only adhere to them we would meet with good financial success and have everything that we need to live the abundant life.

He wants there to come a day that we live out the basics according as His word declares where we shall be the ones lending to others and not the ones borrowing.

I am looking forward to that day when I am completely liberated from financial bondage and I am sure that you do too. Tweet this.

Biblical Principles for Financial Freedom

Adhering to biblical principles for financial freedom does not mean that you have to live a substandard or mediocre lifestyle. It simple means accepting God’s provisions to live the standard of life that He has established for you. Here are some biblical principles to live by.

Read also: 19 Bible Verses [God’s Promises] of Victory For Financial Blessings

Principle 1: Set your priorities in order as it’s important to your spiritual life

The first principle is about setting your spiritual house in order. Did you know that God examines the way we deal with our earthly wealth to determine the level of trustworthiness He assigns to us with the abundance of heaven? Sure He does.

The writing is clear on the wall as is written in Luke 16:11, “So if you have not been trustworthy in handling earthly wealth, who will trust you with true riches?”

Many consider themselves rich and have everything they will ever need in life. Some even go as far as thinking that all they have accumulated thus far is really none of God’s business. But what good is it to any man if he gains the whole world but lose his soul in the end.

Biblical Principles for Financial Freedom-Abundance-Peace

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“You say, ‘I am rich; I have acquired wealth and do not need a thing.’ But you do not realize that you are wretched, pitiful, poor, blind and naked. I counsel you to buy from me gold refined in the fire, so you can become rich;” ~ Revelation 3:17-18

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If a man shall put his trust in his earthly wealth, naturally that is the direction in which his heart, mind and energy will flow leaving him little or no time for what is most important. For, “Where your treasure is, there your heart will be also.” ~ Luke 12:34

Set your priorities in order. Focus your attention on your spiritual life. Get to know God [more], build an intimate relationship with Him and be free to serve Him. According to Harvey Nowland from Focus on The Family, “you must trust God and be willing to submit to His will and direction.”

Principle 2: Love God more than you love money

It is pivotal to our financial freedom, abundance and peace that we love God far more than we love money or the pleasure of having it.

There are some people so eager for money and the power that is derived from basking in the abundance of it that they have strayed away from the faith and have pierced themselves with grief, tension and anxiety.

We must do all we can to set our priorities in order. We must never allow money and wealth to become our god or idols for worship. The true living God must be first and foremost.

Building up treasures in heaven by strictly adhering to Godly principles is far more important and critical to us for attaining financial freedom and living a life of abundance and peace God’s way.

Principle 3: God is the source of everything and all you have is His

Submit yourself and recognize this principle as fundamental for living with financial freedom. Don’t get caught up with the novelties and the ‘get-rich-quick schemes’ in life. Beware of the traps of financial bondage and indebtedness and don’t let anyone pressure you into making premature decisions based on partially revealed information.

Trust God for guidance and direction. Philippians 4:19 says, “My God shall supply all your need according to his riches in glory by Christ Jesus.” You may say to yourself well it is my power and my strength that has gotten me wealth. I worked hard for everything I have.

However, you need to realize that your gifts, talents, skills, knowledge and even your ability to work come from the Lord. He is the source and everything belongs to Him.

Psalm 24:1 says “The earth is the Lord’s and everything in it, the world, and all who live in it…”

In trusting God He will open the door one day for you to get wealth. And what should you do to keep it and manage it better?

Deuteronomy 8:18 says “And you shall remember the Lord your God, for it is He who gives you power to get wealth, that he may establish his covenant which he swore to your fathers, as it is this day.” 

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Principle 4: Exercise self-control and live within boundary 

Have you ever noticed that the more money you have it is the more you want to spend? [Ecclesiastes 5:11] The temptation is always there to make us believe that we need more money or possessions and as we get more to spend it. It is an area of our lives that we seem to always be fighting to resist that force of evil to sin rather than managing what we have.

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Case in point

As recent as five years ago, I had no credit card, I did not owe any banks and everything that I did was on a cash basis from the salary I worked for. In my mind, life was great that way. I had no worries. I was content. I live within walking distance to my workplace and I was satisfied to walk to and from work Monday through Friday, unless that is, someone stopped to give me a ride.

But then I applied for a car loan and with that I also got a credit card. My spending habits changed once I got the credit card and you know what, my life has not been the same since.

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Man’s way is to gravitate towards source(s) that will feed his gluttonous habit of ‘I want more’ but it is an honor to God and a principle thing when we live a self-controlled life within the boundaries established by a budget.

“The grace of God…teaches us to say “NO” to ungodliness and worldly passions, and to live self-controlled, upright and godly lives in this present age…” ~ Titus 2:11-12 “Better is the little that the righteous have than the wealth of many wicked.” ~ Psalm 37:16 “A man who loves pleasure becomes poor.” ~ Proverbs 21:17

This principle is to motivate you to break whatever habits that are keeping you in debt such as spending more than you earn and borrowing.

Principle 5: More blessed to give than to receive

In this next principle which is about giving you find there are some persons who always want to be on the receiving end but never stop to think about the difference they can make in their own life and the lives of others by their giving.

Others would give and give from their leftovers or they do so quite reluctantly not realizing that God loves a cheerful and lavish giver.

“In everything I did, I showed you that by this kind of hard work we must help the weak, remembering the words…”It is more blessed to give than to receive.”‘ ~ Acts 20:35 NIV

Another key verse says, “Give and it will be given to you. A good measure, pressed down, shaken together and running over will be poured into your lap. For what measure you use, it will be measured [back] to you.” ~ Luke 6:38 NIV

Give out of the goodness of your heart and believe that all your needs shall be met in returnTweet this.

Don’t give grudgingly or sparingly. Put your hope in God and believe that all your needs will be met as He has promised.

QUESTIONS: Was this post helpful? What biblical principles or general strategies do you follow as a rule to ensure that you remain at the place of financial freedom, abundance and peace?

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About Yvonne I. Wilson (774 Articles)
Yvonne is a positive thinker, a catalyst for change, and a conduit through which holistic healing takes place and destiny is fulfilled. Her ministry through her blog, Empowerment Moments, came at a very low point in her life and was born out of much adversity, persecution, physical abuses, and rejection to the point of her being suicidal. She was left feeling defeated and shrunk back by fear. But through some miraculous means, God has given her pain purpose and a unique voice through which He speaks to touch the untouchable, to reach the unreachable and to empower, inspire, motivate, encourage and uplift the hurting and spiritually wounded to bring about healing and wholeness - mind, body, soul and spirit, one person at a time.

10 Comments on 10 Biblical Basics for Financial Freedom, Abundance and Peace – Part 1

  1. This is a much needed topic for discussion. Thank you for writing an excellent article on this topic Yvonne. I especially appreciate the fact that you keep it practical and show how these principles can be applied in everyday living.

    I’ve been through the mill and felt it on my skin going through unemployment. We are still facing challenges, but as you mention in your Principle 3, we are holding on to the fact that God is our source. I also made the commitment to honor God with my tithe according to Malachi 3:8-12. As you say, everything I have is His, yet He trusts me to handle 90% of what He makes available to me. May He find me trustworthy with what I have now, not only in finances, but in all I do.

    I’m looking forward to Part 2.

    Have a blessed week.

    Jaco.

    Liked by 1 person

    • Hey Jaco

      Glad to have you back and sharing your thoughts with us. Yes I agree this is a much needed topic and after so much delay on my part I finally got to part 1. I am really glad that you enjoyed it and find the principles easy to apply in our daily lives.

      You know it is a hard process that God will put some of us through. I’ve not been without employment for any long period of time but I can imagine the burden of unemployment. I believe that one day soon you will have such an amazing testimony of how He made provision for you everyday and how He sustained you through it all.

      I can see how the word is being demonstrated through you just as the psalmist David said in Psalm 37:25 I have been young, and now am old; yet have I not seen the righteous forsaken, nor his seed begging for bread.

      What an amazing Father! I ask that you also take comfort in Matthew 6:26-34. Essentially this is saying not to worry about anything. God takes care of the birds – they neither sow nor reap or gather into barns, yet He feeds them everyday. You are of so much more value than them and God’s promise is that He will provide you and take care of all your needs.

      The promised blessing when you honor God with your tithes is that He will pour you out a blessing of such a great magnitude you will not have enough room to contain it when it comes.He will rebuke the devourer for your sake and I believe that for you!

      Thanks again and have a great week.

      Liked by 1 person

      • Hey Yvonne,
        Thank you for your words of encouragement. I would love to share with you that you have given me confirmation in your reply by encouraging me to take comfort in Matthew 6:26-34. After trying endlessly to do something about the unemployment situation, me and my wife decided to stand on exactly that scripture. Standing on that promise, we refuse to stress about the situation any longer and I am asking God to show me the way on a daily basis, while I leave the results in His hands and trust Him for our provision.
        Have a great day.

        Liked by 1 person

    • Hi Jaco

      That’s awesome! What a great testimony and I am excited to hear how God is working and demonstrating His power through you . Stand on His promises for He will never fail you! 🙂

      Liked by 1 person

  2. Hello Yvonne,
    What a lovely blog you have here. Its actually my first visit and i love what I’m seeing.

    Coming to your post, It’s really quite exceptional 🙂 and i agree with all you said. Loving your money more than you love God is really insane. Is God not the giver of wealth? So why should you prefer the money to the source of the money?

    Its only unreasonable people that usually put there money first before God and such people always end up in doom. I also love the quote that “Where your treasure is, there your heart will be also” I couldn’t have agreed more.

    Its a pity that some of us usually leave above our means, we usually spend it even before we get (myself too) and leaving this kind of life will never give anyone financial freedom, it will always make you a slave to money.

    Thanks for sharing Yvonne.

    Like

    • Hello Theodore

      Welcome to my blog! I am excited to see you here and I appreciate you taking the time from your busy schedule to stop by and leaving such an awesome comment. I am humbled by the review you have given. 🙂

      I think when it comes to finances many of us have a few things in common. It’s either we struggle to manage it well or we are spending at a rate faster than we are making the money. There is an accelerating rate in trends and so much has evolved over the years. Things are not the way that it used to be. We are exposed to so many things like social media, an aggressive form of marketing and telecommunication campaigns, designer brands that brings with them the temptation to spend. But I am certain we can agree that our most common desire is to have financial freedom.

      You have well said that it is insane for anyone to love their money more than they love God. I can tell you those persons will have the money but be miserable with it. Certainly their money cannot buy them happiness.

      Well thanks again for your participation in the discussion on this post. I really enjoyed interacting with you. Do come again. Enjoy the rest of the week

      Like

  3. Hi,

    We can relate to your post.

    Glad you pointed out that God is our source. Everything belong to Him so that we are just
    His stewards. As His stewards, we must ask Him what He want us to do with the money i.e wisdom to manage money in our hands.

    We need some self control as far as money is concerned i.e. spend within budgets.

    We can save more money, if we cut down some of the impulse buying. If we can convert some projects and meals into DIY, we will keep more money in our wallets.
    Many people lost money to careless investments. If we chase money for fast profit, we will be like putting money into the wallet with holes.

    Have a nice week! – Stella

    Liked by 1 person

    • Hi Stella

      Good to see you again and thanks for sharing your point with us. I am happy to hear that you can relate to the post as well.

      Glad that you pointed out that we are God’s stewards, which means we are supposed to be managing what is His. But evidence is there to show that we really do not do a good job at managing God’s resources that He has entrusted to us.

      One key phrases jumped right out at me that is ‘impulse buying.’ You know this amounts to bad habits over the years which is so hard to break, But I have proved that if we seek God’s guidance and ask for help, He will point us to money management strategies and help us to exercise the control that we need.

      Your suggestions to cut down and to convert some projects and meals into DIY are great. Doing these will certainly keep more money in our pockets.

      Thanks Stella. Have a blessed week.

      Like

  4. Hi Yvonne,

    Thank you so much for this much needed lesson on finances. Jesus did cover these things during His ministry on earth and we couldn’t be more blessed that you broke it down in an easy to follow guide for us.

    What most resonated with me is Principle 4. I think it’s very important that we live within our means, that we foresee unexpected expenses, that we keep something for emergencies, that we don’t overstretch ourselves and that we do not get into debt.

    Thank you for this blessing and looking forward to learn more from you!

    Luna

    Liked by 1 person

    • Hello Lunu,

      Welcome to my blog and than you for taking the time to read my blog and leaving such valuable comment.

      You are absolutely right that Jesus covered all these thing. His ministry was all encompassing and He want us to have the abundant, happy and prosperous life just like He promised. Principle 4 is one that I think would resonate for many of us which s to live within our means. It would take a lot of discipline, planning and budgeting. We are creatures of habit and habits are hard to break.

      I am not quite there yet. Lol! I am a work in progress but I can tell you I am doing a lot better and seeing results. It is also about saving something for the rainy day such as any unplanned or genuine emergencies.

      Again this all progressive and once we follow the principles for financial freedom, we will have great success in the end.

      God bless you and have a great week. 🙂

      Like

4 Trackbacks / Pingbacks

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