Blue Collar Money: Theories of Middle Class Investing

Biblical Investing, Part 2

Episode Summary

In this episode we discuss the tension between God's laws of investing and the modern culture of investing - the call from God to trust Him, to decentralize our investments and assets and to work towards a cashflow lifestyle.

Episode Notes

We hope this episode allows you to have a better understanding of the difference between money and currency and the need for the paradigm and lifestyle of cashflow. The following is an outline of today's conversation and a deeper look at the foundational principles of Biblical investing.

Review:

• We have fiat currency that violates the laws of money and is disobedient to God's mandate for "just weights & measures." (Deut. 25:15)
• Our fiat currency system is NOT an accurate information utility for investors and entrepreneurs (noise distorting the signal).
• Nothing new - empires always monopolize money throughout history.
• JP Morgan: "Gold and silver are money, everything else is just credit."
• The bible is not unaware of currency manipulation...

Investing in Uncertain Economic Times

Redemptive Economics

• Trust or Distrust God
• Steward (abundance) or Storehouse (scarcity)?
• Decentralize (Gen 1:28-29; Gen 11/12; Jewish diaspora; Holy Spirit ---> gospel)
• Generosity (production) or Greed (speculation)?
• Proverbs 11:24-28
• Proverbs 13:22 - "A good man leaves an inheritance to his children’s children,but the sinner’s wealth is laid up for the righteous. (RSV)"
• God favors a high velocity of money (velocity = how many times a dollar circulates through the economy in a given amount of time.)
• Redemption (value) or Retirement (consumerism)?
• Luke 12:13-21 (The Parable of the Rich Fool)
• Compare with Boaz - Ruth - kinsman redeemer
• Conclusion
• God spared nothing for us - redemption
• Pavilion illustration - gospel

Resources and Mentions:

The Scandal of Money - Gilder

The Ascent of Money - Ferguson

Honest Money - North 

Biblical Economics - RC Sproul Jr.

Guide to Investing in Gold and Silver - Mike Maloney