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Day 62 – It’s Only Money (Part 5)
Wisdom-Trek / Creating a Legacy
Welcome to Day 62 of our Wisdom-Trek, and thank you for joining me.
This is Guthrie Chamberlain, Your Guide to Wisdom.
It's Only Money (Part 5)
Thank you for joining us for our 7 day a week, 7 minutes of wisdom podcast. This is Day 62 of our Trek, and today we will learn the wisdom needed to avoid the dangerous cliffs on life’s trails so that we do not cascade in to the abyss of debt. Excessive debt will certainly hamper your ability to build your living legacy.
We are recording our podcast from our studio at The Big House in Marietta, Ohio. It's been another busy day in the office today. I was hoping to take a break in the afternoon to get some outdoor work completed, but the work activities of the day consumed my time. I was able to spray for mosquitoes and help prepare a little for the 2nd weekend of our yard sale, though.
Today we are continuing on our “It’s Only Money” Trek. Each day we will explore a different trail on our Trek to true wealth. As we work hard and follow sound principles to acquire wealth, it is very important that we know which trails not to hike. Those are the dangerous trails that would cause us to lose everything that we have gained.
How to NOT Lose Money
As well as teaching us how to earn money, Proverbs warns us of the many ways in which we can quickly lose money. The following are some of the most commonly mentioned pitfalls.
1. Don’t be lazy.
A lazy person not only fails to obtain wealth because of his laziness, but he also neglects the resources he has.
Proverbs 24:31-31, "I walked by the field of a lazy person, the vineyard of one with no common sense. I saw that it was overgrown with nettles. It was covered with weeds, and its walls were broken down."
Proverbs 27:23-27, "Know the state of your flocks, and put your heart into caring for your herds, for riches don’t last forever, and the crown might not be passed to the next generation. After the hay is harvested and the new crop appears and the mountain grasses are gathered in, your sheep will provide wool for clothing, and your goats will provide the price of a field. And you will have enough goats’ milk for yourself, your family, and your servant girls."
2. Don’t be greedy.
Strangely enough, if you are greedy it will often contribute to being in poverty.
Proverbs 11:6, "The godliness of good people rescues them; the ambition of treacherous people traps them."
Proverbs 28:22, "Greedy people try to get rich quick but don’t realize they’re headed for poverty."
Many company advertisements appeal to greed and pride. The companies have just the answer for us – a "limited time opportunity" that will fulfill our "needs" We see it so often in our society today because most people want instant everything, including wealth.
Proverbs 13:11, "Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time."
Proverbs 26:16, "Lazy people consider themselves smarter than seven wise counselors."
Proverbs 24:30, "I walked by the field of a lazy person, the vineyard of one with no common sense."
3. Don’t be impulsive.
If you are an impulse buyer, whether it is with things small or large, you will soon see any wealth accumulated quickly slip through your fingers. Worse yet is when you use credit to make impulsive purchases. Proverbs warns that being greedy and impulsive brings about poverty.
Proverbs 21:5, "Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty."
Marketers of all kinds of products and services entice all of us with sales through deadlines and scarcity. A good practice for you to follow is to ask yourself these questions before buying something on sale.
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By H. Guthrie Chamberlain, III
5
199199 ratings
Wisdom-Trek / Creating a Legacy
Welcome to Day 62 of our Wisdom-Trek, and thank you for joining me.
This is Guthrie Chamberlain, Your Guide to Wisdom.
It's Only Money (Part 5)
Thank you for joining us for our 7 day a week, 7 minutes of wisdom podcast. This is Day 62 of our Trek, and today we will learn the wisdom needed to avoid the dangerous cliffs on life’s trails so that we do not cascade in to the abyss of debt. Excessive debt will certainly hamper your ability to build your living legacy.
We are recording our podcast from our studio at The Big House in Marietta, Ohio. It's been another busy day in the office today. I was hoping to take a break in the afternoon to get some outdoor work completed, but the work activities of the day consumed my time. I was able to spray for mosquitoes and help prepare a little for the 2nd weekend of our yard sale, though.
Today we are continuing on our “It’s Only Money” Trek. Each day we will explore a different trail on our Trek to true wealth. As we work hard and follow sound principles to acquire wealth, it is very important that we know which trails not to hike. Those are the dangerous trails that would cause us to lose everything that we have gained.
How to NOT Lose Money
As well as teaching us how to earn money, Proverbs warns us of the many ways in which we can quickly lose money. The following are some of the most commonly mentioned pitfalls.
1. Don’t be lazy.
A lazy person not only fails to obtain wealth because of his laziness, but he also neglects the resources he has.
Proverbs 24:31-31, "I walked by the field of a lazy person, the vineyard of one with no common sense. I saw that it was overgrown with nettles. It was covered with weeds, and its walls were broken down."
Proverbs 27:23-27, "Know the state of your flocks, and put your heart into caring for your herds, for riches don’t last forever, and the crown might not be passed to the next generation. After the hay is harvested and the new crop appears and the mountain grasses are gathered in, your sheep will provide wool for clothing, and your goats will provide the price of a field. And you will have enough goats’ milk for yourself, your family, and your servant girls."
2. Don’t be greedy.
Strangely enough, if you are greedy it will often contribute to being in poverty.
Proverbs 11:6, "The godliness of good people rescues them; the ambition of treacherous people traps them."
Proverbs 28:22, "Greedy people try to get rich quick but don’t realize they’re headed for poverty."
Many company advertisements appeal to greed and pride. The companies have just the answer for us – a "limited time opportunity" that will fulfill our "needs" We see it so often in our society today because most people want instant everything, including wealth.
Proverbs 13:11, "Wealth from get-rich-quick schemes quickly disappears; wealth from hard work grows over time."
Proverbs 26:16, "Lazy people consider themselves smarter than seven wise counselors."
Proverbs 24:30, "I walked by the field of a lazy person, the vineyard of one with no common sense."
3. Don’t be impulsive.
If you are an impulse buyer, whether it is with things small or large, you will soon see any wealth accumulated quickly slip through your fingers. Worse yet is when you use credit to make impulsive purchases. Proverbs warns that being greedy and impulsive brings about poverty.
Proverbs 21:5, "Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty."
Marketers of all kinds of products and services entice all of us with sales through deadlines and scarcity. A good practice for you to follow is to ask yourself these questions before buying something on sale.