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10 Biblical Skills for Managing Wealth
(Learning, faith, discernment, no envy, free trade, self-control, trusting God, it's God's, God's inheritance, God's Kingdom)
Silver Stock Report
by Jason Hommel, August 22nd, 2011
Long ago, I realized that it would be much more effective to help people to become wealthy, if I also prepared them personally and mentally to handle the wealth. After all, lottery winners usually fail at manaing their new wealth.
1. You need to be able to learn, especially when the correction seems harsh, or unpleasant. This must be important. The Bible says this one twice in the same words.
Proverbs 13:18 All who refuse correction will be poor and disgraced; all who accept correction will be praised.
2 Chronicles 1:11 All who refuse correction will be poor and disgraced; all who accept correction will be praised.
Proverbs 13:8 The ransom of a man's life are his riches: but the poor heareth not rebuke.
2. Faith in truth, facts, logic, reason and planning.
I have seen and heard the plans and dreams of many poor people. It does not surprise me that they remain poor. Typically, they do not make a careful evaluation of their own plans, they do not determine the costs, nor evaluate the risks properly. They often have no idea what the costs of their own plans might be, nor do they have any idea of the relative value of the products they hope they might produce.
Luke 14:27 And whoever does not carry their cross and follow me cannot be my disciple.
Luke 14:28 “Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it? 29 For if you lay the foundation and are not able to finish it, everyone who sees it will ridicule you, 30 saying, ‘This person began to build and wasn’t able to finish.’
God made the world with certain principles. These reflect back on God's own character.
Romans 1:20 For since the creation of the world God’s invisible qualities-—his eternal power and divine nature-—have been clearly seen, being understood from what has been made, so that people are without excuse.
In reality, in the world, "Things that are made" are capable of being weighed and measured and thus counted with numbers, that can be used for making calculations and plans.
You must weigh and measure things accurately in order for your plans to succeed.
Deuteronomy 25:15 If you weigh and measure things honestly, the LORD your God will let you enjoy a long life in the land he is giving you.
Galatians 6:7 You cannot fool God, so don't make a fool of yourself! You will harvest what you plant.
I have read that in the third world, in very poor nations, people have faith in different things. They have faith in mysticism; faith in magic. Their own witch doctors and magicians will tell them that in order to become rich, they must engage in killing or a ritual sacrifice of man. Nothing could be further from the truth, and it's keeping their entire society away from success.
3. Discernment between good and evil.
Discernment is a skill that can be developed, through use, like a muscle.
Hebrews 5:14 But strong meat belongeth to them that are of full age, even those who by reason of use have their senses exercised to discern both good and evil.
One must develop the discernment to detect scams, frauds, and false arguments and false assumptions.
Why? Because many people will seek to steal, through fraud, from people with money.
4. Lack of envy for the rich.
No matter how much you have, others will have more! Envy will destroy you.
Proverbs 14:30 A heart at peace gives life to the body, but envy rots the bones.
Many people who are poor, envy the rich; but they don't know what they are envying.
For even if you have business success; others may have more free time. If you have wealth, others may have more peace. Wealth comes with problems and responsibilities and demands.
Ecclesiastes 5:12 If you have to work hard for a living, you can rest well at night, even if you don't have much to eat. But if you are rich, you can't even sleep.
If a poor man hates the rich, who will he hate if he becomes rich? Will he hate himself? Envy is evil.
James 3:16 For where you have envy and selfish ambition, there you find disorder and every evil practice.
"Do not covet, or envy" is the 10th of the Ten commandments.
Exodus 20:17 Do not want anything that belongs to someone else. Don't want anyone's house, wife or husband, slaves, oxen, donkeys or anything else.
5. A good understanding of, and faith, in free market principles, private property, and the potential benefits of trade.
Many people who lack this understanding have not yet bought silver or gold, because they don't know what they would "USE" the gold for.
Yes, you can't "eat" gold. Neither can you eat paper money, nor bonds, nor housing, nor stocks. In fact, you can't eat the vast majority of all things in which to invest.
Gold's usefulness is that you can and will be able to trade it, in the future, for more of the things you will want; whether to buy future businesses, or food that you can buy in the future. The entire point of buying silver or gold, is not to own the silver or gold itself, but to be capable of trading it for something more useful in the future.
Silver and gold are particularly useful for trade, because they have a narrow spread, or cost difference, to buy and sell them; the least spread of any kind of item in the world. They also have a very high value for their weight.
$400 of gold weighs just under 2/10ths of a troy ounce. The spread is about 6-7%
$400 of silver now weights just under 10 troy ounce, or .7 pounds. The spread is about 6-7%
$400 of copper now weighs about 100 pounds!!! The spread is up to about 100%. That's the difference between the cost to buy and sell copper!
That's why copper is not money, and silver and gold are.
Many people needlessly worry about potential government interference with the free market. "WHAT IF THEY CONFISCATE GOLD? What if they make gold illegal?" Well, marijuana is illegal, but it seems it's as available as beer. Let me point out the obvious here. Marijuana costs more, becaue it is illegal, right? Same with gold. If they make it illegal, there will be an extra price to pay to get it, and thus, your gold will be worth MORE!
Here's the other major obvious point. If they make gold illegal, gold does not disintigrate! The physical properties of gold itself make a mockery of unjust laws created by gangs of criminals.
Gold will become ever more useful, and especially useful, precisely at the moment they make it illegal. In fact, if you hear they are planning to make gold illegal, that's the best possible moment to buy some, if it's not too late, and if you can even get some during the mad rush that will exist at that point! But be prepared to pay 50% to 100% premiums over the officially quoted "spot" price in time of severe market distress like those!
6. Self denial / self control
Self control is a fruit of the holy spirit that can be cultivated, encouraged, and practiced.
Galatians 5:22-24 But the fruit of the Spirit is love, joy, peace, forbearance, kindness, goodness, faithfulness, 23 gentleness and self-control. Against such things there is no law. 24 Those who belong to Christ Jesus have crucified the flesh with its passions and desires.
Self-Control describes the capacity to NOT SPEND your wealth on yourself to excess, but rather, to deny your immediate desires, to enable long term planning.
Anyone who spends more money than they make, will always be poor, regardless of how many millions of dollars they may be making.
Most lottery winners are worse off after they win it! Why? One reason must be that they have little self control, or no self denial. If they had self control, they would not have wasted their money on the bad gamble and bad investment of the lottery ticket in the first place!
Gold is the ultimate luxury item. But it does not satisfy the flesh, but rather, the spirit. Gold ownership is not evidence of self-indulgence, but rather, evidence of self-denial; it is the proof of the refusal to spend the gold on personal luxury items that can satisfy the flesh.
Gold ownership should give the owner a sense of peace, and should enable one to practice kindness and goodness through giving of one's excess to help others.
Proverbs 21:17 Whoever loves pleasure will become poor; whoever loves wine and olive oil will never be rich.
Proverbs 23:20-21 Do not join those who drink too much wine or gorge themselves on meat, for drunkards and gluttons become poor, and drowsiness clothes them in rags.
To become rich, you have to avoid wasteful spending.
Poor people like to own things that make them look richer than they are; nice cars and clothes, which are the worst possible investments that lead to poverty. Rich people like to pretend to be poor, so as to discourage others who would otherwise pretend to be their friends to gain unfair advantage.
Proverbs 13:7 One person pretends to be rich, yet has nothing; another pretends to be poor, yet has great wealth.
Desiring wealth to spend it on personal luxuries for yourself is a trap.
1 Timothy 6:9 People who want to get rich fall into temptation and a trap and into many foolish and harmful desires that plunge men into ruin and destruction.
Proverbs 21:20 Be sensible and store up precious treasures -- don't waste them like a fool.
7. Recognition that trusting in wealth, rather than God, leads to destruction.
Proverbs 11:28 Those who trust in their riches will fall, but the righteous will thrive like a green leaf.
In sum, planning in advance, thinking of the future, especially your eternal future, is perhaps one of most important mental attitudes for people who desire to be rich.
8. Recognition that wealth comes from God. It's all God's, he created everything.
Haggai 2:8 All silver and gold belong to me, [says the Lord God]
Psalm 24:1 The earth is the LORD's, and the fullness thereof; the world, and they that dwell therein.
Deuteronomy 8:18 But thou shalt remember the LORD thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.
Nebuchadnezzar, king of the wealthiest empire that ever was, ignored God, and boasted that he did it all himself, and it was all taken away from him.
Daniel 4:28 All this happened to King Nebuchadnezzar. 29 Twelve months later, as the king was walking on the roof of the royal palace of Babylon, 30 he said, “Is not this the great Babylon I have built as the royal residence, by my mighty power and for the glory of my majesty?” 31 Even as the words were on his lips, a voice came from heaven, “This is what is decreed for you, King Nebuchadnezzar: Your royal authority has been taken from you.
9. God has left us an inheritance, an inheritance for every nation! And we ought to leave an inheritance for our children's children, not steal from them by leaving them a legacy of debt.
Exodus 23:30 By little and little I will drive them out from before thee, until thou be increased, and inherit the land.
Deuteronomy 32:8 When the Most High divided to the nations their inheritance, when he separated the sons of Adam, he set the bounds of the people according to the number of the children of Israel.
Proverbs 13:22 A good man leaveth an inheritance to his children's children: and the wealth of the sinner is laid up for the just.
Psalm 37:9 For evildoers shall be cut off: but those that wait upon the LORD, they shall inherit the earth.
Psalm 37:11 But the meek shall inherit the earth; and shall delight themselves in the abundance of peace.
I inherited most of my wealth. And most of my best knowledge is the timeless wisdom from the Bible. But if I had not been humble to come home and help my father for 5 years, and if I had not diligently helped my father grow his investments, there might not have even been anything left to inherit, or if I was unworthy, my father may have left everything to an animal shelter.
10. Recognition that wealth has a purpose, to increase the Kingdom of God.
Back in the days before movable type, prior to the 1500's, it would take a skilled laborer, a scribe who went to school, over a year to handwrite a copy of the entire Bible. Imagine hiring a lawyer for an entire year. Just a Bible would cost upwards of the equavalent of $300,000 today.
1 Timothy 6:17-19 Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment. Command them to do good, to be rich in good deeds, and to be generous and willing to share (communicate-KJV). In this way they will lay up treasure for themselves as a firm foundation for the coming age, so that they may take hold of the life that is truly life.
And this is the indictment for the gold owners of this age. They are not fulfilling 1 Timothy 6:17-19. They are not preaching the benefits of using honest weights and measures, such as gold, in commerce.
The amount of gold in the world today is estimated at about 5 billion ounces. The gold of the world, at $1880/oz., is worth about $9.4 Trillion dollars. Most gold owners pay, on average, about 1% per year on storage fees. This comes to $94 billion spent on vaults and security systems. Many gold owners pay this as an annual fee to brokerage houses, who don't even go out to buy the gold that the supposed gold owners think is theirs! What's worse, is that this 1% is spent by the bankers who go out and control the media, and hire journalists to go out and bash gold owners and gold ownership!
Imagine instead, if the gold owners actually took delivery of their gold. Imagine also, that there was $94 billion per year spent on advertising the benefits of owning gold. Clearly, not nearly as much is spent by gold holders, who are totally neglecting their responsibility (not only to take delivery) but also, to share their wisdom of owning gold with the rest of the world. If 1% of the value of the world's gold were spent this way, I assure you, the value of gold would be about 100% to 500% higher, within a year.
The gold owners of this age, are foolishly trusting gold itself. Instead, they should trust God's ways. Today, the evil pushers of paper money are more accurately following God's ways, as they are the ones advertising the benefits of paper money. If paper money printers are following and obeying God's ways more than gold owners, why should we be surprised if they are currently reaping God's blessings?
God blesses both good and evil.
Matthew 5:45 that you may be children of your Father in heaven. He causes his sun to rise on the evil and the good, and sends rain on the righteous and the unrighteous.
Daniel 11:33 And they that understand among the people shall instruct many---
Daniel 12:4 ---many shall run to and fro, and knowledge shall be increased.
And so now you know why I don't mind preaching the Word of God, and watching people get offended. If they leave my email list, they were simply proving themselves unworthy of my help, and unworthy of actually growing wealthy by following God's advice!
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I strongly advise you to take possession of real gold and silver, at anywhere near today's prices, while you still can. The fundamentals of silver indicate rising prices for decades to come, and a major price spike can happen at any time.
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http://www.facebook.com/jason.hommel
JH MINT & Coin Shop, Grass Valley, CA -- minimum order $5000 for free shipping, USA shipping only.
Open 10AM to 5PM Pacific Time, Monday to Friday, closed weekends and bank holidays.
www.jhmint.com
(530) 273-8175
Kerri handles internet phone orders:
kerri.jhmint@yahoo.com
(530) 273-8822
You can also buy silver from my mom at www.momssilvershop.com
Mom will ship overseas, and also in lots of more or less than 100 ounces.
3510 Auburn Blvd #12
Sacramento, CA 95821
Sincerely,
Jason Hommel
www.jhmint.com
www.silverstockreport.com
www.bibleprophesy.org
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