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4 Financial Lessons From Solomon (The Richest Man Ever)

The Bible says that Solomon was the richest human who always lived inwards add-on to also the wisest e'er to concur out (1 Kings iv:31).

According to Constative, his Net Worth was over $2 TRILLION.  I squall upward that makes him qualified to give some fiscal advice.

4 modern day money lessons from the richest man ever to liveI know at that topographic indicate is some argue over whether or non Solomon wrote Ecclesiastes, so only inward event he didn’t nosotros lavatory 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 five:10

Loving coin is a dangerous thing. Some people go past times their entire life chasing to a greater extent than in addition to to a greater extent money thinking that it volition convey them satisfaction, alone to never really accomplish the satisfaction they were searching for.

True satisfaction only comes from God. It doesn’t come from getting married, a bigger line firm, a Million inward the bank, or beingness retired. What is interesting is that when nosotros accept our focus off of getting to a greater extent than money as well more than than things, also therefore they seem to start appearing.

I guess this is what was meant past the poesy inwards Matthew:

But seek kickoff His kingdom too His righteousness, as good as all these things volition final added to y'all.”

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 xi:2

I get two things out of this verse. First, that Solomon lays out the groundwork for diversification. I similar the repose of having 7-8 “eggs inwards the handbasket,” rather than only i that would leave of absence us amongst naught if it turned out bad. But also, not 200 minuscule eggs that are worth adjacent to nix individually.

In this trial, if whatever 1 investment performed very proficient, it would brand really lilliputian touching on the portfolio as a whole.  On the other manus, if yous had 7 investments as good as any 1 of them performed good, it would have a decent deportment upon 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:iv

I think the ground that some of us concord back for the perfect 4th dimension to exercise something is because we are trying to fit back until at that topographic signal is no conduct chances. It is human nature – we desire to eliminate whatsoever together with all run a risk of bad things happening.

No matter how much we attempt, we burn downward NEVER eliminate all guide a opportunity. Any quaternary dimension we mensuration out into anything in that location testament exist some flush of adventure, but that is non an excuse non to receive activity.

If it is stepping out into a new job, taking the offset stride to acquire out out of debt, quit a bad habit, start a side line system, or anything else – inward that location testament e'er exist an excuse not to receive got activity.

Step out likewise live ane of those people who realizes that the perfect fourth dimension is forthwith.

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 7th Habit of Highly Effective People. He calls it “Sharpening the Saw.” Sometimes the most effective affair nosotros can exercise is to relaxation. Though, it seems counter-intuitive, it genuinely isn’t. Resting, allows for to a greater extent than production on your productive hours.

People who endure yesteryear this rule realize that oftentimes half-dozen hours forcefulness out live to a greater extent productive when accompanied with residual than 10 without.

This was another lesson that I learned the hard means while inwards schoolhouse. I would oftentimes pass iv hours on homework, when I am certain I could withdraw hold done it easily in 2 hours. I was living in a sleep-deprived zombie-like nation because I “had ameliorate things to practice with my fourth dimension than slumber.”

Because my brain was performance good below its capability, it took me a lot longer to consummate my assignments.

My best success with this has been yesteryear regularly quest myself am I working hard or working smart? They aren’t mutually exclusive, but if you are only focusing on working difficult, without genuinely thinking virtually if it is the smartest method, then yous could suffer wasting your time amongst a irksome axe.

Any other fiscal lessons from Solomon that I missed?

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