Popular financial advice can actually be harmful
By Chuck Bentley
The author of a best selling investment book that sold over 20 million copies offered a very clever strategy to get rich. In the book, he actually stated that the reason you are not getting rich (like he did or his Dad, who taught him the “right” way to get rich) is that you likely believe an old wives tale…“for the love of money is a root of all kinds of evil.”
His challenge was that you needed to reject this “old wives tale,” because it is holding you back from him a proper mindset. Instead of an old wives tale, he was actually quoting the Word of God, found in 1 Timothy 6:10.
“Those who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge people into ruin and destruction. 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.”
Paul went on to write the way to be truly rich in verses. 17-19:
“Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.”
That is great advice that will make you truly rich! And by the way, this book (The Bible) has sold far more copies than the pop culture financial advisor has even dreamed of selling.
Originally posted 7/27/2015.