Tag Archives: wealth
I don’t like talking about debt. But I spend a lot of time talking (and writing) about debt. Mainly because our nation is drowning in debt. From the recent college graduate with $80,000 in student loans, to the middle-aged working class adults that are still paying off student loans but have added a mortgage, car payments, credit car balances, and a home equity line; our nation has a serious debt crisis.
According to an article at Business Insider that published the results of a Trading Economics study, out of 30 countries, America ranks #10 for having the most debt. Americans have a collective $1.14 trillion in auto debt, $1.28 trillion in student loans, and $8.82 trillion in mortgage debt. The total household debt of Americans is up to $8.82 trillion (as of the third quarter of 2016).
These numbers give America a household-debt-to-GDP number of 78.8%; making us the country with the 10th highest debt.
I live in the “wealth creation” world. Part of my objective is to help people create and maintain assets that will allow them to live life the way they desire. It’s what all of us in the financial services industry seek for our clients on a continual basis.
One notable difference for me is that, as a Christian, I am constantly seeking to integrate my faith into my work and be “light and salt” to those I interact with. Many believe that wealth and religion are segregated. The thought persists that our finances and our faith have nothing to do with one another. Nothing could be farther from the truth.
In recent years more Christians have begun to understand the just how intertwined their faith and their finances really are.
The interview posted below is an excellent reminder of the need for Christians to be characterized by giving. It seems Christians have almost bought into the idea that government should take care of people, rather than the church. This is used to justify tithing and giving less. I commend this interview and the principles taught as a great place to start a discussion on stewardship.
The Scary Truth About Christian Giving
Interview by Rob Moll
The Bible gives a two-sided portrayal of wealth: It is good, but it can seduce us into sin. The solution, according to New Testament scholar Craig L. Blomberg, is to freely share it. In Christians in an Age of Wealth: A Biblical Theology of Stewardship (Zondervan), Blomberg, who teaches at Denver Seminary, argues that sacrificial giving is an essential part of good stewardship. He spoke with CT editor at large Rob Moll about our spending patterns and whether Christians are required to tithe.
If, as you argue, Christians are no longer bound by the Old Testament principle of tithing, what’s so bad about low rates of giving?
Over the past 40 years, self-identified evangelicals have given between 2 and 3 percent of their incomes to churches and Christian organizations. Stewardship is a crucial part of the Christian life, and according to these figures, it is sadly lacking.