On the journey to building wealth, your mindset can be your most significant asset or your strongest obstacle. As you grow on your wealth building journey, you will have to overcome limiting beliefs time and time again.
As Christians, it is essential to align our thinking with God’s principles to unlock His perfect will for our finances. In this blog post, we’ll explore five common limiting beliefs that often hinder wealth building and shed light on what the Bible really teaches about money:
1. As Christians, we are supposed to be poor
2. If I give tithes and offerings, God will make me rich
3. All debt is bad
4. Because it did not work before, I will not try it again
5. Comfort = peace
5 Limiting Beliefs That Will Keep You Stuck on Your Wealth
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1. “As Christians, we are supposed to be poor.”
This limiting belief often stems from a misinterpretation of scriptures like Matthew 6:24 and 1 Timothy 6:10. While these verses warn against the love of money, they don’t prescribe poverty for Christians. Money is a tool, and our hearts determine how we use it. If our hearts are aligned with God’s Kingdom, building wealth can enable us to do more good in the world.
It is important to note that the Bible does not condemn wealth itself; it condemns the love of money, which can lead to greed and a lack of contentment. Wealth can be a blessing when it is used for God’s purposes and the well-being of others. Abraham, Solomon, and Joseph of Arimathea were examples of wealthy individuals in the Bible who used their resources for God’s glory.
2. “If I give tithes and offerings, God will make me rich.”
While Luke 6:38 promises that giving will result in blessings, it is crucial to understand that building wealth requires wise financial stewardship as well. God does provide for our needs, but becoming a good steward of your resources and using them for His purposes is equally important. To make a lasting difference with your wealth, you need to learn how to manage and multiply it responsibly. After all, God wants you to be on the side where you can give abundantly to others!
Tithing and giving are important aspects of financial stewardship, but they are not magical formulas for wealth accumulation. God honors a cheerful giver AND He expects us to use the resources He provides wisely. This includes budgeting, saving, and investing in alignment with biblical principles.
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3. All debt is bad
Proverbs 22:7 warns about the dangers of debt, but it doesn’t condemn all debt. There is a distinction between good and bad debt. Good debt is strategic borrowing that can lead to financial growth. It can include investments in education, real estate, or business loans. These forms of borrowing can potentially yield a return on investment that exceeds the cost of borrowing.
On the other hand, bad debt arises from impulsive, consumer-oriented spending. Christians should exercise diligence and discernment when considering debt and evaluate whether it aligns with their long-term financial goals and God’s principles.
Before you take out debt, consider:
- What is my motivation for getting this loan?
- How will I repay it?
- Will this debt make me more money, or will it cause me to lose money?
4. “Because it didn’t work before, I will not try it again.”
Fear of failure and past disappointments can paralyze many Christians and prevent them from taking necessary financial risks. Building wealth involves three critical components:
1. Learning how to get in the game
2. Getting in the game
3. Staying in the game
Don’t get lost between #2 and #3. Don’t let past setbacks deter you on your wealth building journey. Instead, acknowledge that failure is a natural part of any worthwhile endeavor and be willing to fail forward.
Even in the Bible, we see examples of individuals who faced setbacks but persisted with faith and perseverance. For instance, Joseph endured slavery and imprisonment but eventually became a powerful leader in Egypt, ultimately saving his family during a time of famine.
The key is not to let disappointment turn into a spirit of disappointment. You can draw strength from your faith and the lessons you learned from previous experiences.
5. Comfort = peace
God’s peace does not eliminate challenges. Instead, it assures His presence and guidance through them. The Bible describes a kind of peace that provides calmness in the storm – not one that eliminates the storm altogether. Risk and faith go hand in hand. When it comes to building wealth, you must be willing to make financial decisions that move you into uncomfortable and unfamiliar situations. This is where faith grows and where God’s blessings often come to pass.
Colossians 3:15 says “Let the peace of God rule in your hearts. The Greek word for rule is brabeuō, and it means “to be an umpire.” When you let God call the balls and strikes on your wealth building journey, you will know when to let opportunities pass and when to swing. As you press into uncomfortable peace, you will see God do the impossible in your finances and life.
It is crucial to recognize and challenge the limiting beliefs that may hinder our journey to building wealth in alignment with God’s will. These misconceptions often come from misinterpretations of scripture or societal expectations. However, by gaining a deeper understanding of what the Bible really teaches about money, we can transform our mindset, build wealth, and advance the Kingdom of God on the earth.
At WealthBuilders, we are eager to empower people with what the Bible says about money. So, we created a free 2 week devotional just for you. Fill out the form below to reach true financial freedom:
