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Does the Bible Say We Need Money? Unraveling the Truth

Does the Bible Say We Need Money

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Money is an essential aspect of life, providing us with the means to attain food, shelter, and other necessities. Many people over 40, having experienced frustrations with traditional financial advice and investing, may wonder what the Bible says about money. Is it a necessary part of our lives, or does Scripture condemn seeking wealth? In searching for answers, adopting an informed and neutral perspective on this crucial topic is essential.

The Bible acknowledges the importance of money and its role in sustaining our livelihoods. However, it also warns against its potential to corrupt and advises us to be mindful of our wealth-seeking intentions. Understanding what the Bible says about money becomes even more crucial for those looking for financially stable lives while staying true to their faith. Are we chasing wealth for our well-being, or are we risking falling into the traps of greed and materialism?

By examining biblical principles and guidelines, individuals can gain insight into how they should approach their financial lives. In doing so, one can strike a balance between seeking financial freedom and staying true to their faith, ultimately achieving peace in both aspects of life.

Key Takeaways: 

  • Money is necessary for obtaining essentials such as food and shelter, but the Bible advises against greed and materialism.
  • Wealth in the Old and New Testament is viewed as a tool to fulfill God’s plan and purposes, emphasizing using money in alignment with God’s principles.
  • The Bible encourages a balance between seeking financial freedom and staying true to the faith, underlining the importance of not letting the pursuit of wealth eclipse our relationship with God.
  • It is essential to approach wealth with the spirit of generosity and compassion. The Bible suggests that the purpose of wealth extends to being a blessing to others.
  • One should avoid becoming overly attached to worldly possessions and prioritize spiritual growth over material accumulation.

Biblical Understanding of Wealth and Money

Wealth in the Old Testament

Wealth in the Old Testament was often associated with following God’s commandments and blessings. Abraham, for example, “was very rich in livestock, in silver, and gold” (Genesis 13:2) and was considered a righteous man. Wealth and the Bible can be viewed as a tool to fulfill God’s plan and purposes. It’s important to understand that money was not the primary focus in life but rather a means to support oneself, one’s family, and the community.

The book of Proverbs shares financial wisdom, such as “Honor the Lord with your wealth and with the best part of everything you produce” (Proverbs 3:9-10). This reminds us that our wealth should be utilized in ways that align with God’s principles, further indicating that money, if used appropriately, can be a positive resource.

Wealth in the New Testament

While acknowledging money’s potential value, the New Testament also offers cautionary advice. To achieve financial freedom, it’s essential to prioritize our relationship with God above material possessions. Jesus himself taught that “You cannot serve both God and Money” (Matthew 6:24), illustrating the potential conflict between pursuing wealth and spiritual growth.

One of the fundamental teachings in the New Testament is the importance of giving and generosity, as stated in Luke 6:38, “Give, and you will receive. Your gift will return to you in full—pressed down, shaken together to make room for more, running over, and poured into your lap. The amount you give will determine the amount you get back.” This emphasizes that our attitude toward money and wealth should be focused on sharing and supporting others rather than hoarding or selfishly pursuing personal gain.

Overall, the Bible’s perspective on wealth and money calls for a balanced and thoughtful approach, prioritizing spiritual growth and the well-being of others. It also underscores the importance of seeking wisdom and guidance on this subject. As individuals over 40 seeking financial freedom and alternatives to traditional financial advice, it is crucial to embrace these biblical teachings, ensuring a future that aligns with our values and nurtures both our financial health and spiritual well-being.

To dig deeper, check out our article on biblical verses for financial freedom.

God’s View on Rich and Poor

The Sinful Love of Money

The Bible speaks in various places about the potential dangers of wealth, and it is often the love of money that is problematic, not the existence of wealth itself. A prime example can be found in 1 Timothy 6:10, where it is written that “the love of money is the root of all kinds of evil.” As we grow older and become more concerned with financial security, we must remember that pursuing wealth should not eclipse our relationship with God. Instead, we must maintain a balanced perspective, recognizing that wealth can be both a blessing and a potential stumbling block.

The Blessing of Generosity

On the other hand, the Bible also offers a more positive view of wealth when used in the spirit of generosity and compassion for others. Scriptures like Proverbs 19:17 affirm that “Whoever is generous to the poor lends to the LORD, and he will repay him for his deeds.” As we seek financial freedom, we must remember that part of our purpose with wealth is to bless others.

God expects us to use our rich or poor resources to care for those around us. Practicing generosity not only helps improve the lives of others but also serves as an act of worship and gratitude towards God for our abundance.

So, as you move forward in your journey to financial freedom, ask yourself: Am I pursuing wealth out of love for money or love for God? Are my financial goals primarily self-serving, or am I keeping the needs of others in mind, too? By reflecting on these questions and allowing God’s wisdom to guide you, you can achieve financial success and a life that reflects His love and generosity.

Money in the Life of Jesus

Jesus and Possessions

In the life of Jesus, possessions were not prioritized. He clearly stated that we cannot serve God and money (Matthew 6:24), emphasizing the importance of spiritual growth over material accumulation. Jesus and his disciples led a humble lifestyle, relying on the kindness and generosity of others for their sustenance. When sending his disciples out to spread his teachings, Jesus instructed them not to take any money or extra belongings (Matthew 10:9-10). This teaches us the significance of trusting in God’s provisions and not being overly attached to worldly possessions.

Jesus and the Poor

Jesus demonstrated great concern for people experiencing poverty and emphasized the importance of helping those in need. In his teachings, there are several instances where he showed compassion for the less fortunate, such as healing the sick or feeding the hungry. Jesus encouraged his followers to be generous, as seen in the parable of the Good Samaritan (Luke 10:25-37), which illustrates the importance of selflessly helping others, regardless of their social status or background.

Moreover, Jesus mentioned that the poor will always be with us (Matthew 26:11), indicating the ongoing need for compassion and charity. He also emphasized the value of giving by stating that it is “more blessed to give than to receive” (Acts 20:35). So, in our quest to be financially free, it is essential to remember the importance of assisting those in need and maintaining a balance between accumulating wealth and nurturing spiritual growth.

Work, Pay, and Generous Giving

The Christian’s Work Ethic

As Christians, our work ethic is crucial. The Bible encourages honest and diligent work, emphasizing that we should bring glory to God through our daily tasks (Colossians 3:23). How we handle work and pay goes beyond just earning a living; it reflects our commitment to our faith and beliefs.

In managing our finances, practicing stewardship is essential. Consider the parable of the talents (Matthew 25:14-30). The Bible teaches that God expects us to be responsible and effectively manage the resources He provides. Maintaining a healthy work-life balance and operating our income with wisdom are essential components of the Christian’s work ethic.

Giving to the Needy

Generosity is an integral element of our faith, and the Bible outlines the importance of helping others in need. Proverbs 19:17 says, “Whoever is kind to the poor lends to the LORD, and He will reward them for what they have done.” By opening our hearts and wallets, we fulfill God’s command to love our neighbors as ourselves (Mark 12:31).

Financial freedom enables Christians to be more generous, better positioning themselves to support charitable causes and help those in need. Acts 20:35 reminds us that “it is more blessed to give than to receive.” Are we doing everything in our power to ensure that we have the means to be generous?

In summary, Christians are called to maintain a strong work ethic, manage our finances responsibly, and exhibit generous giving in line with biblical principles. As we strive for financial freedom, let us remain faithful stewards of God’s gifts and reflect His love through our actions.

Possessions, Greed, and Sharing

The Danger of Greed

The Bible warns us about the dangers of greed and the love of money. It teaches us that life doesn’t consist of an abundance of possessions (Luke 12:15). As we grow older and achieve financial success, we must remain grounded and avoid letting greed take over. Are we living a life fixated on our wealth, or are we seeking to use our resources for a greater purpose?

One notable verse about the love of money states in 1 Timothy 6:10 that the love of money is the root of all evil. This doesn’t mean money is inherently evil, but lusting after it can lead to ungodly choices and corruption, especially if we prioritize it above our spiritual well-being.

Sharing With the Less Privileged

As people over 40, we may have accumulated plenty of possessions and wealth over the years. How do we use our resources to help those in need and make a difference? The Bible encourages us to share our possessions and alleviate poverty (Acts 2:45). By helping the less privileged, we demonstrate compassion and follow biblical principles.

Where do we start? It’s never too late. Begin by evaluating areas of need around you – in your community, church, or even family. Consider how your financial resources and skills can contribute to others’ well-being and make an impact.

In summary, it’s crucial to recognize the importance of possessions, the consequences of greed, and the value of sharing with those in need. With a foundation in these biblical principles, we can strive to live a life that upholds values beyond material wealth, exhibiting generosity and compassion to create a more harmonious world.

Money, Heaven, and Faith

Laying Up Treasures in Heaven

In the Bible, Jesus advises his followers to focus on accumulating treasures in heaven rather than on Earth. He emphasizes the importance of spiritual wealth: “Do not store up for yourselves treasures on Earth, where moths and vermin destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal” (Matthew 6:19-20). But what does this mean for a 21st-century believer seeking financial freedom? Is achieving financial success possible and still holding true to this teaching?

As a person past their 40s, focusing on heavenly treasure doesn’t mean neglecting earthly responsibilities. Instead, it involves aligning financial choices with biblical principles and maintaining a generous, content, and humble attitude toward wealth. It’s about ensuring that money serves as a tool to fulfill God’s plan, not as a source of pride or stress.

Money and True Faith

True faith reflects a proper understanding of God’s perspective on money. In Hebrews 13:5, the Bible says, “Keep your lives free from the love of money and be content with what you have, because God has said, ‘Never will I leave you; never will I forsake you.'” By understanding this, believers can develop a confident, knowledgeable, and neutral relationship with money.

What does your relationship with money look like as someone seeking financial freedom in their 40s or beyond? Do faith and spiritual wisdom drive your financial decisions, or are they influenced mainly by worldly standards? Asking these questions helps evaluate your heart’s condition and adjust your approach to money accordingly.

Ultimately, seeking financial freedom aligned with biblical principles involves pursuing contentment, practicing generosity, and trusting God’s provision. Money, heaven, and faith must work hand-in-hand, ensuring that your financial pursuits do not overshadow your spiritual well-being. Remember, religion doesn’t guarantee worldly wealth. Still, it offers the assurance of eternal life and true purpose that no amount of money can buy.

Tithes and Offerings

What does the Bible say about money, tithes, and offerings? A tithe is often defined as a portion (typically 10%) of one’s income given as an offering to one’s local church. Originating from the Hebrew word for “tenth,” tithing has biblical roots. It is commonly practiced among Christians and Jews as part of their faith. For many individuals, tithing is an expression of gratitude and a way to acknowledge God’s provisions for them.

But why give tithes and offerings at all? According to 2 Corinthians 9:7, people should give because they want to, not reluctantly or under compulsion, for “God loves a cheerful giver.” With this in mind, tithes and offerings can help ministries and churches effectively serve their communities and share the word of God effectively.

When allocating our resources, it is essential to remember Jesus’ words, “No servant can serve two masters,” which highlights the importance of making a clear distinction between our priorities in life and setting aside worldly pursuits for spiritual growth.

So, how can we properly balance tithing and giving to ensure we remain on the right path in our spiritual journey? It is crucial to apply wisdom and discernment, mainly when using our financial resources. As people over 40, we often have more financial obligations and responsibilities, making it even more critical to be intentional and mindful about our giving habits.

While financial planning and investing are essential life skills, an authentic biblical perspective on money truly lies in understanding the value of generosity. When we tithe and offer our gifts to support our local church or ministry, we recognize the importance of their work and contribute to enhancing the lives of those around us.

Money, Righteousness, and the Kingdom of God

Serving Two Masters

The Bible is evident in the concept of serving two masters. As mentioned in Matthew 6:24, one cannot serve God and money. It emphasizes the importance of choosing one’s priorities wisely. But does this mean we don’t need money? Not exactly. The point is to ensure that our pursuit of wealth is not our primary focus.

Our primary focus should be on seeking the Kingdom of God and righteousness. Suppose we allow our obsession with money to consume us. In that case, we will find it increasingly difficult to maintain a strong and healthy relationship with God. Remember, are you choosing your priorities wisely?

Seeking First the Kingdom

Jesus teaches us to seek first the Kingdom of God and His righteousness. All the things we need will be provided for us (Matthew 6:33). It reminds those over 40 who may have become frustrated with traditional financial advice and investing. Instead of focusing solely on accumulating wealth, shift your attention to living righteously and embracing the values of the Kingdom of God.

When we prioritize the Kingdom of God, we develop a deeper understanding of what truly matters and redefine our perspective on financial matters. This doesn’t mean ignoring financial responsibilities but finding a balance that aligns with God’s will.

Balancing Spiritual Wealth with Financial Prudence

The Biblical Perspective on Wealth

Ever pondered the paradox? The Bible is a spiritual compass, and money is a worldly tool. Dive deep, and the Good Book doesn’t shun wealth. Instead, it warns against greed, that insidious desire that can consume the soul. But wait! There’s a twist. The Bible also celebrates financial wisdom. It’s not about hoarding gold coins; it’s about understanding value in this world and the next.

Money as a Tool, Not a Master

Picture this: Money as a silent partner, aiding life’s journey, not dictating it. The Bible paints money as a resource, a means to an end. Dream big, achieve goals, and lend a hand to those in need. But beware! Money’s siren song can be entrancing. The key? Don’t let it steer the ship. Remember, you’re the captain.

Financial Freedom in a Biblical Context

Financial freedom. It’s not just about bank balances and investment portfolios. It’s a state of mind, a sense of peace. And guess what? The Bible is all for it. But here’s the catch: True freedom comes with responsibility. Generosity, giving back, sharing the bounty—it’s all part of the package. So, as you tread the path to financial freedom, let biblical teachings be your guide, illuminating the way.

On a very personal level, we have been using a great deal of our own money to support chronically ill family members.  This is a huge portion of why we think we have been given abundance by God and pursue financial freedom.


1 Timothy 6:17-19

The Bible offers guidance on how we should approach money and possessions. In 1 Timothy 6:17-19, we are advised not to be conceited about our wealth or rely on it. Instead, we should trust God, who will provide us with everything we need. Moreover, the passage encourages us to use our resources to do good deeds, share, and be generous, thereby storing treasures for ourselves in the coming age.


Being Content With What We Have

Another vital principle found in the Bible is contentment. The Scripture emphasizes the importance of being satisfied with what we have rather than desiring more and more material possessions. As mentioned in Proverbs 30:8-9, it’s crucial to have neither too little nor too much to avoid either complacency or resorting to dishonesty.

Do you constantly want more, or can you find contentment in your current situation? Understanding this biblical principle can offer a new perspective on our financial pursuits and help us reassess our priorities.

In summary, the Bible does acknowledge the necessity of money in our lives but cautions us against relying on it excessively or making it the center of our existence. Instead, it encourages us to prioritize our relationship with God, to be content with what we have, and to use our resources to do good in the world. Applying these teachings may create a new sense of financial freedom that aligns with our faith and values.

Frequently Asked Questions:

Q: What does the Bible say about the importance of money?

A: The Bible acknowledges the importance of money in sustaining our livelihoods but warns against its potential to corrupt. It advises us to be mindful of our wealth-seeking intentions and ensure we are not falling into the traps of greed and materialism.

Q: How does the Bible view wealth?

A: The Bible views wealth as a tool to fulfill God’s plan and purposes. It suggests that money should be used in ways that align with God’s principles and can be a positive resource if used appropriately.

Q: What does the Bible suggest about our approach towards wealth?

A: The Bible suggests a balanced and thoughtful approach towards wealth, prioritizing spiritual growth and the well-being of others. It calls for seeking wisdom and guidance on the subject and understanding the value of money from the perspective of faith.