5 Valuable tips from the book of
Proverbs
Today, I will share 5 valuable
tips from the Book of Proverbs that have worked for me in attaining, retaining
and sustaining my financial freedom. There is a popular saying: ‘No man was born to remain poor. ‘’If you
are born poor it is not your mistake, but if you die poor it is your mistake’. These
tips from the Biblical book of proverbs are some ways a man born poor can
change his fortunes.
Always
set goals – When we set goals, we work
towards accomplishing those goals. Without goals, we leave everything to chance
and end up spending our money, time and energy on whatever comes our way.
Everyone should have some goals in life so he/she can deploy his/her resources
effectively. Prov 24: 27- “Prepare thy work without, and make it fit for
thyself in the field; and afterwards build thine house”. Proverbs 21:5 - “The
plans of the diligent lead surely to abundance, but everyone who is hasty comes
only to poverty.”
Be
careful of ‘Greed’ - One definition of greed says
‘intense and selfish desire for something, especially wealth, power, or food’..
Greed is
the reason many people make unfortunate investment mistakes. Greed beclouds
their vision and they end up not understanding trade, business or investment
opportunities, then they get swindled. The guiding principle against this vice
is ‘never be in a hurry to make financial choices or decisions’. Be careful to
ask the right questions always and refusing to get carried away with ‘bogus’
benefits these false opportunities offer. An investor who has an intense or
selfish desire to ‘grab’ will not ask the right questions nor investigate
properly when offered opportunities. If an investment sounds too good to be
true, it is a red flag for you to investigate further. Proverbs 28:20- “A
faithful man shall abound with blessings: but he that maketh haste to be rich
shall not be innocent”. Proverbs 11: 24-25 -“There is that
scattereth, and yet increaseth; and there is that withholdeth more than is
meet, but it tendeth to poverty. 25 The liberal soul shall be made fat: and he
that watereth shall be watered also himself”.
Learn from other successful people. Over the years, I have identified
a few successful people whose lifestyles challenge me and who I adopted as
informal mentors. Some are aware they are my mentors while others don’t know
me. There are some key characteristics to watch out for in people you want to
adopt as Mentors and who you want to learn from. Integrity, knowledge and
availability. There are two people who I share ideas with - while I am careful
to get professional and expert support when needed for investment and business
ideas, I still check with at least one of these individuals before I make a
final commitment. Proverbs 27:17- “Iron sharpeneth
iron; so a man sharpeneth the countenance of his friend”. Proverbs
15:22- “Without counsel purposes are disappointed: but in the multitude
of counsellors they are established”.
Do not sleep unreasonably. I define ‘sleeping unreasonably’ as sleeping at odd
hours, lousing around when you should be working hard on your academic or work
deliverables. While I am careful for my health and do ensure I get minimum
required number of sleep hours, I try not to sleep ‘careless sleep’
as defined in Proverbs 24:33-34. (33- “A little sleep, a little slumber, a
little folding of the hands to rest, 34 and poverty will come on you like a
thief and scarcity like an armed man”). All forms of laziness and mis-use of
time leads a man to poverty and far from attaining financial freedom. Valuable time spent on Social Media or excessive watching
of television. Mis-use of time by unnecessary gisting or visiting can all be categorized
as Non Productive Time (NPT) which could be better deployed. Time is money and
the more you learn to efficiently and effectively manage your time, the closer
you get to attaining financial freedom.
Pay good attention to your health. I have a target to eat and drink
in moderation as I am careful not to do things that jeopardize my health. While
like most people, I struggle with keeping to the right diet for my bodily
needs, I am conscious and aware of the do’s and do not’s and focuses on eating/drinking
right. I also know the value of exercise and constantly work on my target of
minimum 30 minutes active exercise thrice a week. Proverbs 25:16- “Hast
thou found honey? eat so much as is sufficient for thee, lest thou be filled
therewith, and vomit it…”.
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