"The earth is the Lord's, and everything in it, the world, and all who live in it..."
Psalm 24:1
Earthly Financial Success Measurements
There are many ratios, percentages, and metrics used to measure financial success.
Common personal finance benchmarks include:
Level of income
Expenses
Net worth
Savings rate
Debt-to-income ratio
Emergency fund ratio
Various investment measurements (Rates of Return & Asset Allocation %)
We often see guidelines revealing how much one should have saved by a certain age or how much should be saved based on one’s level of income. Yet, these metrics are usually based on worldly principles that can cause us to stray from biblical principles of financial management.
Different Financial Success Measurements
So, as Christ followers, how should we measure financial success? I like to define stewardship as managing God’s resources, God’s way, for God’s glory.
Recognize God is the owner of everything, not us (Psalm 24:1).
Manage what He entrusts to us based on the teachings of His Word, not personal finance magazines.
Use what we have been given to bring glory to Him, not ourselves.
Get True Financial Success
It is easy to succumb to the trappings of this world and measure ourselves according to worldly standards. Let’s not fall prey to that type of thinking but embrace biblical principles of finance in managing our resources.
This practice will lead to true financial success!
Steve Crawley
MD5 Facilitator
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