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Faith and Finances: Recognizing Subtle Signs of the Love of Money

5 Nov 2024

Faith and Finances: Recognizing Subtle Signs of the Love of Money

As stewards of the wealth entrusted to us, it is essential to recognize that the love of money can manifest in various forms. Christians are well aware of the scripture’s warnings about the love of money.  

For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs. -1 Timothy 6:10 (NIV) 

Yet, the love of money can subtly infiltrate our lives in unexpected ways, even when we believe we are acting prudently. This post explores four examples of how the love of money can take hold, often under the guise of responsible financial behavior. Understanding these manifestations can help us better align our financial practices with our faith and finances. 

Understanding Faith and Finances 

The Obvious Examples 

Spending Beyond Means: Spending on luxury items and experiences is not inherently problematic, especially for those with substantial wealth. However, consistently spending beyond one’s means or for the sake of status can reflect an unhealthy attachment to material wealth. 

Gambling and High-Risk Investments: Engaging in high-stakes ventures, driven by the desire for rapid wealth accumulation, can jeopardize financial security and reflect a deeper issue of trusting wealth over wise stewardship. 

The Subtle Signs 

While the obvious signs of the love of money are easier to recognize, there are subtler ways in which this issue can manifest. These less-discussed examples can often be mistaken for prudent financial behavior but may reveal deeper issues of trust and reliance on wealth. 

1. When Frugality is Overtaken by Miserliness 

While it is prudent to be careful with spending and to save wisely, there is a fine line between being frugal and being miserly. An obsessive focus on saving every penny, to the detriment of enjoying life or fulfilling one’s calling to generosity, can indicate a heart that is overly attached to wealth. This behavior often stems from fear and insecurity rather than trust in God’s provision. 

Example: A couple who has amassed significant wealth continues to live as though they are in poverty, denying themselves basic comforts and refusing to spend money on even modest charitable donations or family experiences. Their extreme frugality prevents them from enjoying the fruits of their labor and sharing their blessings with others. 

2. Storing Up Money and Constant Worry 

Constantly worrying about losing money and hoarding wealth is another subtle manifestation of the love of money. This attitude reveals a lack of faith and an overreliance on financial security. While it is wise to plan for the future and ensure that one’s family is cared for, an excessive preoccupation with preserving assets can lead to anxiety and a lack of peace. This form of idolatry focuses on self-reliance rather than trusting in God’s sovereignty and His promises to provide. 

Example: An individual who checks their investment portfolio multiple times a day, constantly fretting over market fluctuations and potential losses. They are so consumed by the fear of financial loss that it affects their health, relationships, and overall well-being, demonstrating a misplaced trust in money rather than in God’s provision. 

Aligning Faith and Finances 

In reflecting on these examples, it becomes evident that the love of money is not limited to obvious displays of wealth or greed. It can also be found in behaviors that appear prudent on the surface but stem from an unhealthy attachment to financial security. As Christians, we are called to steward our resources wisely, without letting them become the center of our lives. Let us examine our hearts and ensure that our financial habits align with our values, trusting in God’s provision and using our wealth to further His Kingdom.

 


Please remember to contact BentOak Capital (“BentOak”), in writing, if there are any changes in your personal/financial situation or investment objectives for the purpose of reviewing/evaluating/revising our previous recommendations and/or services, or if you want to impose, add, to modify any reasonable restrictions to our investment advisory services, or if you wish to direct that BentOak to effect any specific transactions for your account. A copy of our current written disclosure Brochure discussing our advisory services and fees continues to remain available upon request or at www.bentoakcapital.com. 

This information is not intended to be a substitute for specific individualized tax advice. We suggest that you discuss your specific tax issues with a qualified tax advisor. 

The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly. 

Securities offered through LPL Financial, Member: FINRA/SIPC. Investment advice offered through BentOak Capital, a registered investment advisor and separate entity from LPL Financial. 

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More about the author: Brandon W Garrett