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Keys to Financial Freedom

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Don’t worry about anything; instead, pray about everything. Tell God what you need, and you will experience God’s peace, which exceeds anything we can understand.” (Philippians 4:6-7)
Michelle Elliott

Three Biblical Keys to

Financial Freedom

Just as a specific key is needed to open a locked door, certain principles and practices act as the right keys to unlock financial freedom. These keys include responsible stewardship, diligent work, generosity, debt avoidance, and seeking divine guidance. Each key plays a vital role, and when applied together, they open the door to financial stability, abundance, and the ability to live a purposeful and fulfilling life. Much like a key fits into a lock seamlessly, aligning your financial decisions with these principles can unlock the door to a future of economic well-being and freedom.

The Bible offers profound insights and principles that can guide individuals toward financial prosperity and freedom. Here, we explore three biblical keys to financial freedom that transcend time and provide a solid foundation for managing wealth.

1. Stewardship and Responsibility

Biblical stewardship is a foundational concept rooted in the belief that everything we possess ultimately belongs to God, and we are entrusted as stewards to manage these resources wisely. It goes beyond financial management, extending to the responsible care of time, talents, and relationships. The Bible emphasizes accountability in stewardship, urging believers to use their gifts for the greater good and to honor God in all aspects of life. Stewardship involves recognizing that our possessions are temporary and that we are called to be faithful custodians, making decisions that align with God’s principles. God expects us to be responsible with the money and possessions He has given us.

Key Verses:

  1. “The earth is the Lord’s, and everything in it.”  (1 Corinthians 10:26)
  2. “The silver is mine and the gold is mine,’ declares the Lord.”  (Haggai 2:8)
  3. “If then you have not been faithful in the unrighteous wealth, who will entrust to you the true riches?”  (Luke 16:11)

2. Hard Work and Diligence

Biblical financial principles underscore the significance of hard work and diligence as key components of a responsible and fruitful life. The Bible consistently encourages believers to approach their work with dedication and perseverance, recognizing that diligent labor is a pathway to prosperity. Proverbs 10:4 succinctly captures this sentiment: “Lazy hands make for poverty, but diligent hands bring wealth.” I must add that borrowing money from banks and other lending institutions, like credit card providers, is not the path to true wealth – diligent hard work is the way.

Key Verses:

  1. “Lazy hands make for poverty, but diligent hands bring wealth.”  (Proverbs 10:4)
  2. “Remember the LORD your God, for it is He who gives you the ability to produce wealth.”  (Deuteronomy 8:18)
  3. “The LORD will open for you His good treasure house, the heavens, to give rain to your land in its season and to bless all the work of your hand; and you will lend to many nations, but you will not borrow.” (Deuteronomy 28:12)

3. Keep Out of Debt

Biblical financial principles underscore the importance of avoiding debt and living within one’s means. The Bible advises believers to exercise prudence in financial matters, cautioning against becoming entangled in the bondage that debt can bring. Borrowing money leads to debt slavery. Proverbs 22:7 highlights the potential pitfalls of accumulating debt: “The rich rule over the poor, and the borrower is slave to the lender.” This principle encourages individuals to make sound financial decisions, honoring God by managing their resources wisely and maintaining financial freedom to better serve their own needs and the needs of others.

Key Verses:

  1. “The rich rule over the poor, and the borrower is a slave to the lender.”  (Proverbs 22:7)
  2. Keep out of debt and owe no man anything, except to love one another.”  (Romans 13:8)

There are many more essential keys to unlock the door to Financial Freedom. To get the keys, join Michelle on YouTube! Coming Soon!