Money Rule Number 7.
Proverbs 21:20.
“Precious treasures and oil are in the dwelling of the wise, but a foolish man consumes them.”
This is a good translation of this verse, but I do enjoy the NIV here: “The wise store up choice food and olive oil, but fools gulp theirs down.” Read that again, “Fools gulp theirs down.”
This verse reminds us that true prosperity is not measured by what we have, but by how we manage what we are given. The wise person understands the importance of making thoughtful decisions to ensure resources are preserved and multiplied. In contrast, the foolish person lives impulsively, using up all they have without considering the future.
The habit of saving and planning builds a foundation for stability, while careless spending leads to a constant cycle of lack and frustration.
Wisdom teaches us to value what we have and use it responsibly. By practicing self-control and resisting the urge for instant gratification, we set ourselves up for long-term blessings. Remember that true prosperity flows from wise choices, not from spending.
Let me close with these wise words from Warren Buffett, “Do not save what is left after spending, but spend what is left after saving.”
I’m Lonnie Davis, and this is a thought worth thinking.