Where Randell Tiongson gets his financial wisdom
My work as a personal finance coach, management consultant, writer, trainer and whatever it is that I can get my hands on requires me to do a lot of research. When I took the Strength’s Finder test (Gallup) sometime ago, I was not surprised to find Input as one of my top 5 strengths. I am one of those guys that thrive on information, a lot of information.
While I don’t read as much books as some people I know, I get my fair share of reading and I do dig up a lot of information on the web – particularly information on things that I like to teach and write about, money. With a plethora of books, sites, videos and all that; one can find himself lost with too much information and many of those are contradicting each other. Without the proper training and experience, one can be easily swayed with the load of information one can get. Not everything you read and watch tells you the truth, or at least gives you the complete picture.
When I need wisdom, I go to the source of all the wisdom we can ever need – the Bible. When I need financial wisdom, I still go the same source, still the Bible. Many are bewildered as to why I often quote from the Bible when I deal with money and finances. Many of them think that the Bible is outdated and irrelevant when it comes to money and business. Here are some important tidbits when it comes to the Bible and money:
- Jesus talked a great deal about money.
- 16 of the 38 parables were concerned with how to handle money and possessions.
- In the Gospels, an amazing one out of 10 verses (288 in all) deals directly with the subject of money.
- The Bible offers 500 verses on prayer, less than 500 verses on faith, but more than 2,000 verses on money and possessions.
Here are more verses that affect our daily lives:
On work – “Lazy hands make a man poor, but diligent hands bring wealth.” (Proverbs 10:4, NIV); “Go to the ant, you sluggard; consider its ways and be wise!” (Provebs 6:6, NIV)
On handling money & integrity – “Whoever can be trusted with very little can be trusted with much, and whoever is dishonest with very little will also be dishonest with much.” (Luke 16:10, NIV)
On debt – “Owe nothing to anyone – except for your obligations to love one another. If you love your neighbor, you will fulfill the requirements of God’s law.” (Romans 13:8, NLT)
On lifestyle – “Some who are poor pretend to be rich; Others who are rich pretend to be poor.” (Proverbs 13:7, NLT)
On productivity – “Plant your seed in the morning and keep busy all afternoon, for you don’t know if profit will come from one activity or another – or maybe both.” (Ecclesiastes 11:6, NLT)
On investing – “But divide your investments among many places, for you do not know what risks might lie ahead.” (Ecclesiastes 11:2, NLT).
On generosity – “Give freely and become more wealthy; be stingy and lose everything. The generous will prosper; those who refresh others will themselves be refreshed. (Proverbs 11:24-25, NLT)”
I encourage you to pick up and read your Bible every day and you’ll be surprised at the amount wisdom you can pick up, financial or otherwise. The Bible, after all is not dated – it is beyond timely, it is timeless. The book helps me discern financial information, gets me grounded, reminds me of stewardship and more importantly, it convinces me that the Lord is after our welfare – not just in the afterlife but in our present life. Whenever we go through challenges, it is comforting to know that we do not live by situation, we live by promise : “For I know the plans I have for you, declares the LORD, plans to prosper you and not to harm you, plans to give you hope and a future” (Jeremiah 29:11,NIV).
Oh, the secret to real prosperity can also be found in the Bible – look it up at Matthew 6:33.
Catch me at my whole day seminar “Steps to Financial Peace” on August 12, 2011 at Teatrino in Promenade Green Hills. I will be joined by my dear friends Francis Kong (the country’s leading inspirational guru), Paulo Tibig (the Entrep Champ) and Jayson Lo (Business & Motivational Trainer). Details at www.randelltiongson.com
Randell Tiongson is an advocate of Life & Personal Finance. He is a Director of the Registered Financial Planner Institute (Phils.) and has over 20 years experience in the financial services industry. For questions, write to email@example.com. To read his personal finance blogs, visit http://www.randelltiongson.com/.