The Solomon Strategy: 7 Ancient Principles for Modern Financial Success

Today, we’re exploring “The Solomon Strategy: 7 Biblical Principles for Modern Financial Success.” King Solomon, renowned for his wisdom and wealth, reigned over ancient Israel from around 970 to 931 BCE. During this golden age, Israel prospered tremendously. The exciting part? Solomon’s biblical financial principles are just as relevant today as they were three millennia ago.

Let’s uncover how these ancient biblical money management insights can revolutionize your financial future. Are you ready to discover biblical wealth-building strategies? Let’s begin with our first principle of the Solomon Strategy.

Principle 1: Seek Godly Wisdom Above Riches

Imagine you’re King Solomon. God appears in a dream and says, “Ask for whatever you want me to give you.” What would you request? In 1 Kings 3:5-14, we see that Solomon asked for wisdom to govern well, rather than for wealth or long life. God was so pleased with this request that He granted Solomon both wisdom and wealth.

This biblical story teaches us a profound truth about faith and finances: when we prioritize godly wisdom, we make better decisions in every area of life, including our money management. It’s like the scripture says in Proverbs 4:7, “Wisdom is supreme; therefore get wisdom. Though it cost all you have, get understanding.”

Let me share a personal testimony of applying biblical financial principles. A few years ago, I was offered a high-paying job that seemed like a dream come true. But something didn’t feel right in my spirit. Instead of jumping at the opportunity, I decided to seek godly wisdom. I prayed about it, spoke with spiritual mentors, and thoroughly researched the company. It turned out the company was on shaky financial ground and was desperately trying to bring in talent to save it. By prioritizing biblical wisdom over immediate financial gain, I avoided a potential career disaster.

So, how can you apply this biblical money management principle in your life? Here are three action steps:

1. Set aside time each week for studying biblical financial principles. Even just 30 minutes can make a big difference.
2. Find a spiritual mentor or join a biblical financial stewardship group. Surrounding yourself with godly, financially wise people accelerates your growth.
3. Before making any significant financial decision, take time to pray, gather knowledge, and seek godly advice.

Remember, in the pursuit of biblical wealth building, godly wisdom should always come first.

Principle 2: Diversify Your Investments – A Biblical Perspective

Our next biblical financial principle comes from Ecclesiastes 11:1-2, where Solomon writes, “Cast your bread upon the waters, for you will find it after many days. Give a portion to seven, or even to eight, for you know not what disaster may happen on earth.”

In Hebrew, the phrase “cast your bread upon the waters” uses the word “lechem,” which can mean both “bread” and, metaphorically, “investment.” Solomon is essentially advising us to spread our investments widely, because we don’t know what challenges may come. This is a key aspect of biblical stewardship.

This ancient wisdom aligns perfectly with modern biblical investing strategies. As any Christian financial advisor will tell you, diversification is key to managing risk and maximizing returns while being a good steward of God’s resources.

I reached out to Sarah Johnson, a certified Christian financial planner, for her thoughts on this biblical principle. She said, “Diversification is like not putting all your eggs in one basket. It helps protect the resources God has entrusted to you from significant losses if one investment performs poorly, while also positioning you to benefit from growth in different sectors or asset classes. It’s a practical application of biblical stewardship.”

Now, I know what some of you might be thinking: “But what if I’ve found a sure thing? Shouldn’t I go all in?” That’s a common temptation, especially in today’s world of crypto millionaires and tech unicorns. But remember, even Solomon, with all his God-given wisdom, advocated for diversification. The future is uncertain, and spreading your investments is a time-tested strategy for long-term success and faithful stewardship.

Here are your action steps for biblical diversification:

1. Review your current investments. Are they spread across different asset classes, industries, and geographical regions in a way that honors God?
2. Research a new investment category you’re not familiar with, always keeping biblical principles in mind. Knowledge is the first step to godly diversification.
3. Consider consulting with a Christian financial advisor to ensure your portfolio is properly balanced for your goals, risk tolerance, and biblical values.

Principle 3: Plan for the Future – Biblical Financial Planning

Our third biblical money management principle comes from Proverbs 6:6-8, where Solomon advises, “Go to the ant, you sluggard; consider its ways and be wise! It has no commander, no overseer or ruler, yet it stores its provisions in summer and gathers its food at harvest.”

Solomon uses the example of the ant to teach us about the importance of planning and preparing for the future. Ants work diligently during times of plenty to ensure they have enough when resources are scarce. This is a powerful metaphor for biblical financial planning and saving.

Let’s look at a modern example of how this principle plays out. Consider two Christian friends, Alex and Jordan, who start their careers at the same time with similar salaries. Alex, following the ant’s example and practicing biblical stewardship, immediately starts saving 15% of his income and investing it wisely according to biblical principles. Jordan, on the other hand, spends everything he earns, thinking he’ll start saving “someday.”

Fast forward 30 years. Alex has a substantial nest egg that provides financial security and options for the future, allowing him to be generous and support God’s work. Jordan, realizing retirement is approaching, is stressed and scrambling to catch up. The difference? Biblical financial planning for the future.

Now, I know in today’s “instant gratification” culture, it can be challenging to focus on the future. We’re bombarded with messages to “live in the moment” and “you only live once.” While enjoying the present is important, it shouldn’t come at the expense of your future self or your ability to serve God financially in the years to come.

Here are your action steps for biblical financial planning:

1. Create or review your long-term financial goals in light of your faith. Where do you want to be in 5, 10, or 20 years, and how can you use your resources for God’s glory?
2. Set up automatic savings for different purposes – emergency fund, retirement, big purchases, and giving to your church or ministry. Automation helps you stay consistent in your biblical stewardship.
3. Develop a monthly budget that includes future planning and generous giving. Remember, every dollar you save is your future self thanking you and an opportunity to be a better steward of God’s resources.

Principle 4: Avoid Get-Rich-Quick Schemes – Biblical Warning

Proverbs 13:11 gives us our fourth biblical financial principle: “Dishonest money dwindles away, but whoever gathers money little by little makes it grow.”

This verse warns against the allure of get-rich-quick schemes and emphasizes the value of patient, steady wealth building. It’s a biblical principle that’s particularly relevant in today’s fast-paced financial world.

Let me share a recent example that illustrates the danger of ignoring this godly wisdom. In 2021, a cryptocurrency called Squid, based on the popular Netflix show “Squid Game,” saw its value skyrocket by 230,000% in just a few days. Many people, driven by the fear of missing out, rushed to invest. However, it turned out to be a “rug pull” scam. The creators cashed out, the token’s value plummeted to zero, and investors lost an estimated $3.38 million.

This scenario plays out time and time again in different forms – from Ponzi schemes to dubious multi-level marketing companies promising easy riches. The allure is understandable. In a world where we see stories of overnight crypto millionaires or tech startup founders striking it big, the idea of quick wealth is tempting. But as Christians, we’re called to be wise stewards, not gamblers with God’s resources.

But here’s the biblical truth: sustainable wealth is usually built slowly and steadily. It’s not as exciting as a get-rich-quick scheme, but it’s far more reliable and aligns with biblical principles of stewardship and patience.

Here are your action steps to avoid the get-rich-quick trap and practice biblical money management:

1. Educate yourself on the warning signs of financial scams. If something promises unrealistic returns or pressures you to act quickly, be very cautious. Pray for discernment.
2. Commit to a long-term, steady investment strategy based on biblical principles. Remember, slow and steady wins the race.
3. If an opportunity seems too good to be true, seek advice from a trusted Christian financial professional before investing.

Principle 5: Be Generous – The Biblical Path to True Wealth

Our fifth biblical financial principle comes from Proverbs 11:24-25: “One person gives freely, yet gains even more; another withholds unduly, but comes to poverty. A generous person will prosper; whoever refreshes others will be refreshed.”

This principle might seem counterintuitive in worldly terms. How can giving away money make you richer? But Solomon understood something profound about the nature of biblical wealth and God’s economy of abundance.

When we’re generous, we shift our mindset from scarcity to abundance. We demonstrate faith that our needs will be met, as Jesus promised in Matthew 6:33: “But seek first his kingdom and his righteousness, and all these things will be given to you as well.” We participate in a cycle of giving and receiving that often returns to us in unexpected ways.

Now, I’m not suggesting that generosity is a get-rich-quick scheme or a way to manipulate God. The point isn’t to give so that you’ll get something back. Rather, biblical generosity opens us up to God’s blessings, strengthens our communities, and often leads to personal growth that translates into financial growth.

Let me share a personal testimony. A few years ago, I decided to volunteer my financial skills at a local Christian nonprofit. I wasn’t looking for any personal gain; I just wanted to serve God by helping others. But through that experience, I made connections that led to new clients for my business. More importantly, I gained a deeper understanding of financial challenges faced by different communities, which made me better at my job. My generosity led to growth, both personally and financially, in ways I never expected.

Here’s another way to think about it: generosity is like a spiritual muscle. The more you exercise it, the stronger it becomes, and the more it shapes your character. And in the business world, godly character and a reputation for generosity can be invaluable assets.

Here are your action steps for cultivating biblical generosity:

1. Set a giving goal. This could be a percentage of your income or a specific amount. Consider the biblical principle of tithing as a starting point.
2. Research Christian causes or organizations that align with your values. Giving is more fulfilling when it’s to something you care about and that advances God’s kingdom.
3. Look for non-financial ways to be generous. Your time and skills can be just as valuable as money in serving others and glorifying God.

Remember, true biblical wealth isn’t just about what you have, but about what you’re able to give for God’s glory.

Principle 6: Maintain Integrity in Business – A Biblical Mandate

Our sixth biblical financial principle is found in Proverbs 16:8: “Better a little with righteousness than much gain with injustice.”

Solomon understood that the way we acquire wealth is just as important as the wealth itself. Integrity in business isn’t just a moral nicety; it’s a crucial component of sustainable success and a biblical mandate for Christians in the marketplace.

In today’s business world, we often hear about companies facing huge fines or reputational damage due to ethical lapses. On the flip side, companies known for their integrity often build strong, loyal customer bases and weather challenges better.

For example, Christian-owned company Chick-fil-A has built its brand on biblical values and ethical practices, from treating employees well to closing on Sundays. This commitment to integrity has created a fiercely loyal customer base and contributed to the company’s long-term success, even in the face of controversy.

Now, I know maintaining integrity can be challenging, especially in competitive markets where it might seem like everyone else is cutting corners. But remember, integrity is about playing the long game and honoring God in our business practices. It builds trust, strengthens relationships, and creates a sustainable foundation for success.

Here are your action steps for maintaining biblical integrity in business:

1. Review your business or work practices. Are there areas where you might be compromising your Christian values for short-term gain?
2. Establish personal guidelines for ethical decision-making based on biblical principles. What lines will you not cross, no matter the potential profit?
3. Support businesses that prioritize ethical practices and Christian values. Your purchasing decisions can help create a more ethical business environment.

Remember, at the end of the day, you have to live with yourself and answer to God. As Solomon said, peace of mind from doing the right thing is worth more than riches gained through dubious means.

Principle 7: Continuously Learn and Improve – A Biblical Approach to Growth

Our final biblical financial principle is drawn from 1 Kings 4:29-34, which describes Solomon’s pursuit of knowledge: “God gave Solomon wisdom and very great insight, and a breadth of understanding as measureless as the sand on the seashore… He spoke about plant life, from the cedar of Lebanon to the hyssop that grows out of walls. He also spoke about animals and birds, reptiles and fish. From all nations people came to listen to Solomon’s wisdom…”

Solomon’s thirst for knowledge wasn’t limited to traditionally “spiritual” topics. He studied nature, culture, and probably what we would today call science and economics. This broad-based pursuit of knowledge undoubtedly contributed to his success and ability to glorify God with his wisdom.

In today’s rapidly changing world, continuous learning is more important than ever for Christians seeking to be good stewards of their resources. Industries evolve, new technologies emerge, and economic conditions shift. Those who commit to lifelong learning are best positioned to adapt, thrive, and use their skills for God’s glory.

I reached out to Dr. Emily White, a Christian learning and development expert, for her thoughts on this. She said, “In the information age, your ability to learn and adapt is your most valuable asset. The half-life of skills is shorter than ever before. Continuous learning isn’t just about staying current; it’s about staying relevant and competitive in order to be the best steward of the talents God has given you.”

The good news is that we have unprecedented access to learning opportunities. From online courses to podcasts like this one, there are countless ways to expand your knowledge and skills in alignment with biblical principles.

Here are your action steps for continuous learning in biblical finance:

1. Subscribe to a Christian financial newsletter or podcast (Like here). Commit to engaging with it regularly.
2. Set a goal to read one book on biblical financial principles per quarter. Start with classics like “Your Money Counts” by Howard Dayton or “The Treasure Principle” by Randy Alcorn.
3. Attend a workshop or webinar on a financial topic you want to improve in, always viewing the information through the lens of biblical stewardship.

Remember, in the pursuit of biblical wealth, your mind is your most valuable asset. Invest in it continuously, always seeking to grow in wisdom and understanding of God’s principles for finance.

Conclusion

We’ve covered a lot of ground today, exploring seven biblical principles of wealth from the wisdom of Solomon:

1. Seek Godly Wisdom Above Riches
2. Diversify Your Investments – A Biblical Perspective
3. Plan for the Future – Biblical Financial Planning
4. Avoid Get-Rich-Quick Schemes – Biblical Warning
5. Be Generous – The Biblical Path to True Wealth
6. Maintain Integrity in Business – A Biblical Mandate
7. Continuously Learn and Improve – A Biblical Approach to Growth

These biblical financial principles have stood the test of time, from the golden age of ancient Israel to our modern digital era. They’re not get-rich-quick formulas, but time-tested strategies for building sustainable wealth with godly wisdom and purpose.

I want to encourage you to take some time this week to reflect on these biblical money management principles. Which one resonates with you the most? Which one challenges your current financial practices? Choose one principle to focus on implementing this week as you seek to honor God with your finances.