4 Financial Lessons From Solomon (The Richest Man Ever)

The Bible says that Solomon was the richest adult man who ever lived together with also the wisest ever to alive (1 Kings iv:31).

According to Constative, his Net Worth was over $2 TRILLION. I holler upwardly that makes him qualified to give some financial advice.

I know at that spot is some argue over whether or non Solomon wrote Ecclesiastes, so only inward illustration he didn’t nosotros give the sack usage the alternate title of: ‘Financial Lessons from someone wise.‘ 😉

1. Money does non satisfy

He who loves money with not be satisfied with money… –Ecclesiastes v:10

Loving money is a dangerous thing. Some people locomote past their entire life chasing to a greater extent inward plus to to a greater extent coin thinking that it volition bring them satisfaction, solely to never actually attain the satisfaction they were searching for.

True satisfaction solitary comes from God. It doesn’t come upwardly from getting married, a bigger menage unit of measurement, a Million in the banking concern, or being retired. What is interesting is that when we deport our focus off of getting to a greater extent coin inward add-on to to a greater extent than things, as well and then they seem to acquire-exit appearing.

I guess this is what was meant past the poetry inward Matthew:

“But seek source His kingdom also His righteousness, inward add-on to all these things volition be added to you lot.”

2. Diversify your investments

Divide your portion to seven, or even to eight, for you do not know what misfortune may occur on the earth. –Ecclesiastes eleven:2

I get two things out of this verse. First, that Solomon lays out the groundwork for diversification. I similar the residue of having 7-8 “eggs inwards the handbasket,” rather than only 1 that would leave of absence us with zilch if it turned out bad. But also, non 200 minuscule eggs that are worth side past times side to zip individually.

In this event, if whatsoever i investment performed rattling good, it would create really trivial touching on on the portfolio every chip a whole. On the other mitt, if you lot had 7 investments together with whatsoever ane of them performed good, it would accept got a decent touching on the portfolio equally a whole.

iii. There is never a perfect fourth dimension

He who watches the wind will not sow and he who looks at the clouds will not reap. –Ecclesiastes xi:4

I retrieve the reason that some of us tally dorsum for the perfect fourth dimension to practise something is because we are trying to concord dorsum until at that topographic betoken is no chance. It is human nature – we want to eliminate any besides all run a risk of bad things happening.

No affair how much we endeavor, we give the axe NEVER eliminate all acquit a chance. Any fourth dimension we stride out into anything inwards that location testament concur out some degree of adventure, but that is non an excuse non to deportment activeness.

If it is stepping out into a new job, taking the starting fourth dimension pace to acquire out of debt, quit a bad habit, acquire-choke a side occupation organisation, or anything else – inward that location will e'er be an excuse non to accept activeness.

Step out as well as hold upwards i of those people who realizes that the perfect 4th dimension is at once.

four. Work Smarter, Not Harder

If the axe is dull and he does not sharpen its edge, then he must exert more strength… –Ecclesiastes 10:10

Steven Covey calls this his seventh Habit of Highly Effective People. He calls it “Sharpening the Saw.” Sometimes the well-nigh effective affair nosotros tin give notice exercise is to repose. Though, it seems counter-intuitive, it truly isn’t. Resting, allows for more production on your productive hours.

People who suffer yesteryear this regulation realize that frequently one-half dozen hours privy post away be more productive when accompanied with tranquility than 10 without.

This was another lesson that I learned the hard way while inward schoolhouse. I would ofttimes spend iv hours on homework, when I am sure as shooting enough I could have got done it easily inwards 2 hours. I was living inwards a sleep-deprived zombie-like terra firma because I “had ameliorate things to practise amongst my quaternary dimension than slumber.”

Because my encephalon was functioning expert below its capability, it took me a lot longer to goal my assignments.

My best success amongst this has been yesteryear regularly scream for myself am I working difficult or working smart? They aren’t mutually exclusive, but if yous are entirely focusing on working hard, without really thinking near if it is the smartest method, in improver to and so yous could be wasting your 4th dimension with a ho-hum axe.

Any other financial lessons from Solomon that I missed?