Jesus and Money
Recently in a comment, I was challenged regarding posting my stock selections; the concern from Chris was that such financial considerations were incongruous with the teachings of Jesus.
September 18th, 2007 at 11:03 am
I find it somewhat ironic and mildly amusing that your blog contains articles of spirituality along with your market trading activity, especially since the Bible states that Jesus suggested we should exercise caution in mixing the two. That said, you may be on to something. Perhaps church attendence would increase if the priests set up some of those red flashing LED signs with messages such as â€œThe Holy Father recommends a buy today on Goldman Sachs at $192.50/share.â€
First, I want to make something perfectly clear – I’m not hyping any particular stock. I’m tracking by own personal stock trades publicly based on a Mechanical Investing forum at the Motley Fool. If I buy something, feel free to sell it. Or buy it, makes no difference to me. I had been doing something similar on the Motley Fool forum but then I thought, hey, I have a blog. Shouldn’t I blog on my blog?
I challenged Chris to give me some scripture he was concerned about, and Chris brought up 3 perfect examples:
September 18th, 2007 at 9:58 pm e
I offer these passages:
â€œJesus entered the Temple area and drove out all who were buying and selling there. He overturned the tables of the money changers and the benches of those selling doves. â€˜It is written,â€™ he said to them, â€˜My house will be called a house of prayer but you are making it a den of robbers.â€™â€ Matt. 21:12-13 (see similar Mark 11:15-17, Luke 19:45-46, John 2:13-16)
â€œDo not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal; but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.â€ Matt. 6:19-21 (see similar Luke 12:33-4)
Also the parable in Luke 12:16-21, which is portrays a prosperous farmer who wishes to tear down his barns and build bigger ones but is warned by God: â€œYou foolâ€¦â€, and is concluded by Jesus saying: â€œThis is how it is with those who pile up riches for themselves but are not rich in Godâ€™s sight.â€
Absolutely perfect choices; I’m going to add one more, Matthew 19:24, “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.” Let’s tackle each of those and see how it applies.
- Matthew 21:12-13
This passage has a lot of lessons in it; for instance, it shows Jesus being angry and having a temper. Aren’t Christians supposed to be peaceful and bland? Jesus shows that there is a place for anger and we can learn from how he expressed it. Jesus was angry that religious leaders were standing between God and His people; the people could only use certain currency sold at the temple at very high exchange rates, and they could only sacrifice certain unblemished doves sold at high prices inside the temple, one couldn’t bring their own dove. Jesus was angry at those who would make money and put a barrier in front of people trying to worship God.
But… what about the money? Is Jesus somehow saying money and Christians don’t go together? I don’t see that in this passage. There *may* be some application to those who are selling Christian books, but even thatâ€™s a stretch unless youâ€™re required to buy the book to worship inside. Don’t get between people and God and attempt to make money; don’t charge for church parking or charge an admission or sell church clothing required to enter a sanctuary, stuff like that. But in this example at least, Jesus is not saying anything about Christians making money.
- Matthew 6:19-21
This is far more applicable to Christians making money. “Do not store up for yourselves treasures on earth.” Jesus says you can’t take it with you; if your “treasure” is money, it’s lost when you die. If your “treasure” is the eternal presence of God, that’s far more lasting. Where is your treasure? Do you value the commands of Jesus more than the commands of your job? This is related to the commandment, “Thou shalt worship no false idols.” Some people worship money. They will run over people, be ruthless in their business dealings. Is it ok to lie, cheat and steal to make money? After all, it’s only business, not church, right? Jesus is shedding light on this fallacy; don’t make money your idol.
Does Jesus say not to make money at all? Some people certainly interpret it this way, but I think that flies in the face of examples of wealth in the bible. David and Solomon, for instance, were both incredibly wealthy, yet were also favored by God. Job was wealthy, then destitute, then wealthy again, all while being in God’s favor. I think this has to be balanced against passages like Matthew 25:14-28, the parable of the talents. Are we being good stewards of the talents God has provided? Everything comes from God; our intellect, our food, our health, our homes, everything. If we understand that our wealth, too, comes from God, we are called to use it for His glory and purposes. If we do that, we are good stewards. If we do not, but make the money itself the goal, then we are storing up treasures on earth.
So how does posting my Mechanical Investing strategy fit into this? I am showing my strategy for making money, but I haven’t shown what I’m doing with the money I’m making (or losing, as the case may be.) What am I doing with it? I appreciate the concern, but that’s between me and God. I believe I’m being faithful with what He has provided and being a good steward, but I’m not going to share the details. Matthew 6:1-4, Jesus says, “Be careful not to do your ‘acts of righteousness’ before men, to be seen by them. If you do, you will have no reward from your Father in heaven. So when you give to the needy, do not announce it with trumpets, as the hypocrites do in the synagogues and on the streets, to be honored by men. I tell you the truth, they have received their reward in full. But when you give to the needy, do not let your left hand know what your right hand is doing, so that your giving may be in secret. Then your Father, who sees what is done in secret, will reward you.”
- Luke 12:16-21
This is a stern warning to those who are storing up treasures on earth. In this parable, a rich man has an abundance. Instead of sharing, the rich man builds even bigger storage sheds so he can keep it all for himself. We are cautioned again that greed and the accumulation of wealth for its own sake offends God; we are to use what He has provided wisely, to love our neighbors as ourselves. There may be some application here to excessive saving; I’ve heard it said that millionaires feel rich if they could just have $1 million more. It’s never enough; greed corrupts and leads one to idolize money.
But notice the judgment is primarily against the second barn in the parable, not the first. Was it ok for the rich man to store up crops for himself? Jesus doesn’t address that; Jesus instead condemns the building of a bigger barn to store even more crops. This leads me to believe that as long as one is faithful with our possessions, Jesus does not condemn. Sharing our homes, contributing to charity, taking care of neighbors, serving with our time, and tithing to our church are all good uses of our money.
But making money? It doesn’t appear God condemns that. Instead, God condemns hoarding money.
- Matthew 19:24
Apparently it’s a huge balancing act. How much money is too much money? The bible doesn’t say; whether you are rich or poor, the hoarding of money is a bad thing. Even the poor widow that tithed her two pennies; if she kept the money for herself, would Jesus condemn her? I don’t know, but I do know that God looks at the heart, not the external actions or appearances. If the poor widow wanted to keep the pennies for herself but a neighbor needed one of them, I think the bible gives ample examples that we are to trust God to provide and we should be faithful with his gifts. I think it’s easier for the poor widow, though, than for the rich man; Jesus says that’s “easier for a camel to go through the eye of a needle than for a rich man to enter the kingdom of God.” Ideally, when I die, I’ll have two pennies left. I’ll spend one penny on the funeral and give the other penny to charity. I don’t know what God’s plans are for me, but I’ll take this warning to heart; don’t idolize money, don’t be greedy, and that wealth has serious temptations to resist.
I was about to say something like, “See? My mechanical investing strategy is ok,” but I don’t think I’ll do that. Instead, I’ll ask you to share your thoughts. What do you think Jesus would say about investing in the stock market?