17 Principles of Wealth and Finances

For Christian Men

Christian men should be diligent and disciplined with their finances. We are called to advance God’s kingdom on earth, and money serves as a tool for that purpose. I have talked amply about the relationship that Christian men should have with money, so I won’t go into that.

In this article, I want to share 17 key principles of wealth that a man needs to know in order to be financially successful. This is based on my own experience, many conversations with extremely wealthy men, and years of diligently working on various businesses and financial endeavors.

It took me years to learn this, and I think every man should learn it too:

1. Use credit cards only as a payment method: If you need to use credit cards to pay for something in multiple installments, you simply cannot afford it.

2. Saving 10% of your income is the bare minimum: Ideally you should aim to save around 30%, especially if you are young and don’t have other people to provide for.

3. Learn to differentiate between expenses and investments: Investments are not always monetary. You can invest in health, knowledge, well-being, relationships, etc. Designer clothes are an expense, joining a gym is an investment. Avoid expenses, analyze the potential return of investments.

4. Money is amoral: Money is not good or bad in and of itself. It all depends on the use you give it. In that sense, the pursuit of wealth, as long as it’s done morally, is as valuable as what you intend to use that wealth for. If you are seeking wealth so you can enjoy every vice and pleasure imaginable, it’s an inmoral pursuit. If you are seeking wealth to advance God’s Kingdom, provide for more people, and become a more influential man of God, it’s a moral pursuit.

5. Get an accountant early: Or at least, make sure you arrange your finances properly from the beginning. You need to understand the ins and outs of taxation and income laws of your country to avoid legal troubles and paying excessive taxes.