Tag: stewardship

Equitable distribution of resources

By Randell Tiongson on February 5th, 2013

As I was going through my reading plan from Youversion.com, I encountered a very strong message on stewardship. Many times we focus too much on accumulation of wealth forgetting the real purpose of why we are accumulating. God gives us wealth and the ability to create wealth and He has a reason for doing so. Below is an excerpt from one of Youversion.com ‘s many bible reading plans. 

 

 

Equitable Distribution of Resources

God told Moses that the promised land was to be distributed according to the relative size and needs of the various tribes: ‘To a larger group give a larger inheritance, and to a smaller group a smaller one’ (Nu 26:54). In this way, socioeconomic equity was ingrained in the DNA of Israel’s agrarian economy. Biblical scholar Craig L. Blomberg observes, ‘The ideal contrasts markedly with arrangements in other feudal kingdoms near Canaan in that day, in which by far the more common pattern was the concentration of vast tracts of land among the royal and aristocratic elites, leaving a majority of the people in considerable poverty.’

Similarly, when we look to the New Testament, the book of Acts provides an outstanding example of how the equitable distribution of resources became an important characteristic of the early church (see Ac 2:42-47; 4:32-37). Today the same principle should govern our financial decisions. Second Corinthians 9:11 tells us that God makes us rich in every way so that we can be generous on every occasion. Thus, distributing resources equitably means recognizing the fact that in God’s economy he equips some with more so that they can bless others who have less. Pastor Stephen Olford (1918-2004) clarifies this idea of ‘sharing the load’ in giving:

Such teaching does not in any way support either the Marxist idea of communism or the kind of giving that encourages luxury or laziness in the recipient. Equality in giving teaches that while it is the responsibility of the rich to bear their share of the load, the poor are not excused from proportionate responsibility.

Olford continues by adding this limitation, based on 2 Corinthians 8:13-14:

Paul warns, however, that equality in giving should not cause the saints in one area to be eased while givers become burdened. The Jerusalem saints were not to enjoy plush seats while the Corinthian Christians sat on hard benches. On the contrary, there should be wisdom and a sense of balance in the matter of sharing the resources of a local church.

Olford maintains that we are also to be gracious receivers when it becomes necessary:

Some people will not accept gifts lest they should be obligated to the donors. This, is Paul’s view, is unethical (see 2 Co 8:13). We should gratefully receive all that God gives us through our brethren because the time may come when we must reciprocate. This truth was not for Corinth only; it is relevant today!Today we may have abundance and tomorrow we may be in want. Today we may live in luxury and tomorrow we may suffer need. Today we may have the privilege of giving and tomorrow we may have the equal privilege of receiving.

As you read through today’s Scripture please reflect on the following questions: what is one way in which you are rich, and how do you share your riches with others?

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Youversion.com is today’s biggest Bible app for your phone and tablets, I highly recommend you download it and even subscribe to its many Bible reading plans. 

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Personal Finance for Singles

By Randell Tiongson on January 26th, 2013

The best way to learn to handle money is when you are still single. Join this program on January 28, 2013 from 7pm to 10pm.

Walk-ins are allowed. See you!

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Wealth is important

By Randell Tiongson on October 24th, 2012

I was searching for something and I ended up seeing a very old post I wrote in the early part of 2008. This blog was not even up then and it was posted in Multiply, remember that site? I felt the need to re-post it in this site.

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Is Wealth Important?
I have yet to find a person who will sincerely say that he does not want to be wealthy. While there may be those who claim they prefer not to be wealthy, I really doubt that they really meant what they say.

Being in this line of profession, I’ve met a lot of wealthy people. I’d like to believe that many of them seem happy, although some aren’t. I also noticed that it is not the level of wealth that dictates their level of happiness. Why is this so? This got me wondering and prompted me to write about it in this column.

I recently read the book Till Debt Do Us Part by Chinkee Tan. I hope my friend will not mind if I take out a few words from his wonderful book (I highly recommend the readers getting a copy of this book).

“Wealth gives people a sense of security. The philosophy behind it is the more money you have, the more secure your future will be. That life will be easier and be more stress-free because you don’t have to worry about money and the things that money can buy.”

When you read Chinkee’s words, it really sounds logical. How many times have we worried about money? How many times have we been so stressed because of our need for money? If you are like me, that’s a lot of times. However, Chinkee disproves this philosophy.

“Actually, this is a myth. This myth takes many forms. Usually, it takes the form of ‘If I only had a newer car, if I only had a larger house, if I only had another few millions per year, if I only had a new phone, if I only had some better clothes, if I only had a better education.’”

If the purpose of wealth is that it gives you a false sense of security, you will never have real peace of mind.

Wealth is important not because of wealth, per se. Wealth becomes important because of the purpose of wealth itself. It is why we need to be wealthy that really gives it true importance.

For some, wealth is associated with something evil. Many people find power with wealth. There is even a common saying that money is the root of all evil. Majority of crimes being perpetuated are due to the need to accumulate or the need for money.

Well, money is also needed to survive. Even primitive civilizations saw the need to use money for many things. Yet, money and wealth seem to have always had a bad reputation.

Is accumulation of wealth really a bad thing? If you look at the Bible in Matthew 19:24, it is written: “Again, I tell you, it is easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.”

If you take this verse to heart, you will never want to be wealthy. I am not a theologian, I’m not even religious… but I think what was really meant in that verse is about our real purpose of acquiring wealth. If the accumulation of wealth is something that consumes you, then maybe wealth can be considered as evil.

In my opinion, wealth and money are amoral. It is neither right nor wrong. Just like a knife—in the hands of a chef, it is a good tool, but in the hands of a criminal, it is a bad tool.

Besides, money being the root of all evil has often been misquoted. The correct verse is found in 1 Timothy 6:10, “For the love of money is the root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many grieves.”

The wealthy people who seemed to be genuinely happy are those who are not consumed in their quest to accumulate their wealth. The wealthy people who seem unhappy despite their wealth are those that are consumed by money—finding happiness in what their wealth can afford them. Wealthy people aren’t really bad people, even our Lord Jesus Christ had wealthy friends like Nicodemus.

Being wealthy is important. We need the peace of mind. We need to provide for our family. We need to have enough so we can share. For us to give, we need extra. For us to have extra, we must provide more than our needs. Having more than our needs is having wealth. Having wealth allows us to live the life we deserve, a victorious life that each one of us should be enjoying.

I sincerely doubt that God wanted us to live a life of hardship and a life of mediocrity. In fact, if you read Deuteronomy 15:4, it says, “However, there should be no poor among you, for in the land the Lord your God is giving you to possess as your inheritance, He will richly bless you.”

So what I am saying is, wealth is not bad. In fact, it is important. How we acquire our wealth and what we do with it will speak about our character—it will define who we really are.

How does one become wealthy? Well, that would be a nice topic for another day, but here’s some basic tips that I am sure you’ve heard or read already: spend less than what you earn; be disciplined in your financial management; invest, invest, invest; take risks (calculated ones)—and, most important, follow simple common sense in dealing with your finances.

There are a lot of folks out there who’d settle for a 2-percent per annum placement but will not think twice about buying something through his/her credit card and use the deferred option that charges five to eight times more than his/her savings placement—or worse, use the revolving scheme of his/her credit card that will be charging more than 15 times his/her placement’s yield!

Be wealthy, but do it for the right reasons. If we have the resolve, many of us can be wealthy. All we need is the right attitude, the passion and, most important, the time. Did you know we are destined to be wealthy? Don’t doubt my words. Pick up the Book and read Jeremiah 29:11, which says, “For I know the plans I have for you,” declares the Lord. “Plans to prosper for you and not to harm you, plans to give you hope and a future.”

Enjoy your quest for wealth; it really is important.
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