3 Timeless Principles for Wealth Creation

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Every once in a while we run across a set of rules or guidelines that lead us to a deeper fundamental principle. Over the past few years of studying personal finance, I’ve found three principles that I believe help people create wealth. While there are certainly other rules, principles, tips, and more suggestions out there that can help people become wealthy, these three are a few of my favorites.

I’m by no means a wealthy person. However, our (my wife and I) rate of savings and debt reduction over the past few years has been significant – a gift from God no doubt. I’ve thought long and hard about these principles, and wanted to share them with you today. They’re not revolutionary – simply timeless. What do you think?

1. Keep money in perspective – God comes first.

To a Christian, there are often three forces at work in creating wealth: God, ourselves, and circumstance. The three combine in ways that are difficult to comprehend. Does God create the circumstances we need in order to help ourselves create wealth? Do we ultimately decide our financial goals and hope that they are in alignment with God’s will? How much of our wealth building depends on God, ourselves, or our circumstances? These are all questions we wrestle with, and I’m hoping some of you will respond in the comments.

One thing I do know for certain is that we must – as Christians – keep money in perspective. Money should not be our master. We must overcome the temptation to build wealth for all the wrong reasons. Instead, we must build wealth to be able to use it as God intends. The best way to think of “our” money is to know “whose” money it actually is: God’s, of course.

When I sit down to do my finances, I ask myself how God might cash flow this or that expense. I ask myself how God might give to others. I ask myself how I might live more economically for the benefit of my family. What do you do?

2. Don’t make a decision about something you don’t fully understand – go slowly.

Sometimes we want a microwave solution. You know what I’m talking about! Just add water, plop it in the microwave, and press start. Building wealth means taking it slow. No, you probably won’t win the lottery. No, you probably won’t receive a massive inheritance. These things don’t happen to most people!

Slow and steady is the way to go. Before you make any decision, ask yourself if you’ve given yourself adequate time to think it over. The last thing you want to do is make a hasty investment, pay off debt in the wrong timing, or skip crucial steps to building wealth.

3. Work hard – really, really, hard!

That’s how you do it folks. You WORK! Work HARD! Really, really, really hard! Have you ever lifted weights? One of the best ways to build endurance and muscle is to go slowly and pour on the weight. You’ll have to work harder, but you’ll have better results. The same is true in wealth building. Most millionaires don’t stumble into their pile of cash (wouldn’t that be nice), they work HARD for it! There are many extra jobs you can take on to bring in extra money!

Not only do you need to work hard, you need to continuously work hard. Never give up. You must keep going and never lose your endurance. Rest is important, but be careful that it doesn’t turn into laziness. Get up and use what God blessed you with – your skills, strength, and knowledge – to get the job done.

So, are you ready to create wealth? What are some key principles you have for building wealth?

Let’s hear from you! Whether you are just starting out on your road to financial freedom or have already found success, what works well for you?

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7 Comments
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  1. Thanks, John for sharing the principles that you’ve learned.

    I most appreciate your comment on keeping God first. In fact, I would say that I don’t see the goal of building wealth anywhere in Scripture. In fact, I see WARNINGS about building wealth as a goal.

    But I certainly know your writing and attitude well enough to know that your motives for having wealth are pure and to build God’s Kingdom.

    I just wonder if we should focus instead on funding the life to which God has called us, setting a finishing line for our accumulation, and putting the rest into His Kingdom.

    Keep up the great insights,

    Derrik Hubbard, CFP

  2. I’m definitely working hard. I’m applying for numerous positions a day and actively networking. I’m hoping it pays off soon

  3. Thanks for the inspiration. I truly believe that if we are doing what God is calling us to do we will be wealthy. Of course, we may need to rethink what wealthy really means.

  4. As Christians, we’re actually called to be the hardest workers out there! God wants us to set an example to others as to what it looks like to glorify God in all we do. It’s hard sometimes, but this is a daily conviction for me. If you put Him first and work your butt off, He promises to reward you, if not in finances, then in other ways.

  5. With a website called Nindo Mom — and Nindo meaning “the way of perseverance,” by one interpretation — I obviously agree with you on the importance of persistent hard work. It is also important to note that one must constantly evaluate one’s work — and the direction in which one is heading — to be sure all the hours one puts in will gain the desired goal.

    For example — if I want my website to be successful, I should work on the site every day, and learn more about designing quality sites on a regular basis. Your daily activities should bring you closer to attaining your weekly goal, and your weekly goals should bring you closer to your monthly goal, which should push you toward your yearly goal . . . and so on.

  6. Thanks John, a great reminder on how to keep money in perspective. It should be thought of definitely as a tool to get you from A to B. Money has been made master to many people that don’t keep this perspective.

  7. Hi, I am a christian and an auto technician here in Ghana.I own my private auto garage.Indeed,my intension of wealth creation is not materializing and I have been spending time to figure out the cause.But I thank God that your Principle of Wealth Creation has thrown light on misplacement of priority with regard to my finances.I desire to learn more from you.May God bless you.

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