fbpx

Money Study Group | UH Personal Finance

Consumerism and Wisdom

Consumerism and wisdom are often seen as opposing forces, Consumerism emphasizes the constant acquisition of material goods while Wisdom seeks purpose and contentment

Share This Post

Consumerism and Wisdom

  • Consumerism and wisdom are often seen as opposing forces.

  • Consumerism emphasizes the constant acquisition of material goods.

  • Wisdom seeks purpose and contentment.

How to Access the Debt Strategies in RightCapital

Consumerism and Wisdom in the Bible

1. The Danger of Materialism

  • Greed and Covetousness: Jesus warns against greed and the pursuit of wealth. In Luke 12:15, He says, “Watch out! Be on your guard against all kinds of greed; life does not consist in an abundance of possessions.”

  • Idolatry: Colossians 3:5 equates greed with idolatry: “Put to death, therefore, whatever belongs to your earthly nature… greed, which is idolatry.”

2. The Temporary Nature of Wealth

  • Fleeting Riches: Proverbs 23:4-5 advises against wearing yourself out to get rich, noting the fleeting nature of wealth: “Cast but a glance at riches, and they are gone, for they will surely sprout wings and fly off to the sky like an eagle.”

  • Heavenly Treasures: Matthew 6:19-21 encourages storing treasures in heaven rather than on earth: “Do not store up for yourselves treasures on earth… But store up for yourselves treasures in heaven… For where your treasure is, there your heart will be also.”

3. The Call to Generosity

  • Helping Others: 1 John 3:17-18 emphasizes the importance of helping those in need: “If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person?”

  • Generous Giving: Proverbs 11:24-25 speaks to the benefits of generosity: “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.”

Consumerism and Wisdom and Life

1. Contentment

  • Simplicity and Contentment: 1 Timothy 6:6-8 teaches that godliness with contentment is great gain: “For we brought nothing into the world, and we can take nothing out of it. But if we have food and clothing, we will be content with that.”

  • Avoiding the Love of Money: Hebrews 13:5 advises, “Keep your lives free from the love of money and be content with what you have, because God has said, ‘Never will I leave you; never will I forsake you.'”

2. Stewardship

  • Faithful Management: In the Parable of the Talents (Matthew 25:14-30), Jesus teaches the importance of being faithful and wise stewards of the resources God entrusts to us.

  • Responsible Use: 1 Corinthians 4:2 states, “Now it is required that those who have been given a trust must prove faithful.”

3. Wisdom in Financial Decisions

  • Prudent Planning: Proverbs 21:5 highlights the value of careful planning: “The plans of the diligent lead to profit as surely as haste leads to poverty.”

  • Avoiding Debt: Proverbs 22:7 warns, “The rich rule over the poor, and the borrower is slave to the lender.”

4. Focusing on Eternal Values

  • Seeking God’s Kingdom: Matthew 6:33 urges, “But seek first his kingdom and his righteousness, and all these things will be given to you as well.”

  • Eternal Perspective: Colossians 3:2 advises, “Set your minds on things above, not on earthly things.”

Consumerism and Wisdom Practical Applications

1. Evaluate Needs vs. Wants

  • Mindful Consumption: Reflect on whether purchases are necessary or simply desires. Prioritize needs and consider the long-term value of each purchase.

2. Practice Generosity

  • Charitable Giving: Regularly give to those in need and support causes that align with biblical values. This not only helps others but also fosters a spirit of generosity.

3. Live Simply

  • Minimalist Approach: Adopt a lifestyle that values simplicity and reduces clutter. Focus on experiences and relationships rather than accumulating possessions.

4. Stewardship

  • Financial Planning: Create a budget, save wisely, and invest responsibly. Avoid unnecessary debt and plan for the future with diligence and wisdom.

5. Spiritual Growth

  • Spiritual Practices: Engage in regular prayer, Bible study, and community worship to strengthen your relationship with God and align your values with His.

Consumerism and Wisdom Bottom Line

Wisdom provides a strong counterpoint to consumerism, emphasizing contentment, stewardship, generosity, and an eternal perspective. By applying these principles, believers can resist the pressures of consumerism and live in a way that honors God and reflects His values. This approach not only leads to personal fulfillment but also contributes to a more just and compassionate world.

Consumerism and Wisdom Video

Description:

Welcome to our latest lesson in Personal Finance at the Bauer College of Business, University of Houston! In this video, we dive into the crucial topic of Consumerism and Wisdom, and how making smart financial choices can shape your financial future. Using RightCapital, we’ll walk through creating a comprehensive Financial Plan, focusing on:

📜 Words of Wisdom about Consumerism
💡 Your Financial Future
📈 Income AFTER Graduation
💸 Expenses AFTER Graduation
🏡 Adding Your Mortgage
🚗 Adding Your Car Loan
💳 Adding Your $10k Credit Card
📊 Data Card Review
🖼️ Most Important Screenshots
❓ Q&A Session
📅 Next Time

Don’t miss out on this valuable session designed to help you navigate the financial landscape after graduation. Make sure to like, comment, and subscribe for more insights! #PersonalFinance #Consumerism #FinancialWisdom #RightCapital #BauerCollege #UniversityOfHouston #FinancialFuture #GraduationPlanning #SmartSpending #FinanceTips 💰📚


Agenda:

  1. Words of Wisdom about Consumerism

  2. Your Financial Future

  3. Income AFTER Graduation

  4. Expenses AFTER Graduation

  5. Adding Your Mortgage

  6. Adding Your Car Loan

  7. Adding Your $10k Credit Card

  8. Data Card Review

  9. Most Important Screenshots

  10. Q&A Session

  11. Next Time


📅 Next Time: Stay tuned for our next session where we’ll continue to build your financial literacy and planning skills!

Make Your Money Count

Special -Limited- Hard Cover Edition of Make Your Money Count by Jim Munchbach, CFP® Professional. 

Make Your Money Count features The Blueprint for Financial Success™ and FREE Shipping.

Click Here to Buy Now, $24.95 Free Shipping

IMPORTANT DISCLOSURE:

Investment Advice and Financial Planning are offered through BayRock Financial, L.L.C., a Registered Investment Advisor. BayRock does not provide tax or legal advice. The information presented here is not specific to any individual’s personal financial circumstances. To the extent that this material concerns tax matters or legal issues, it is not intended to be used, and cannot be used, by any investor or taxpayer for the purpose of avoiding penalties that may be imposed by law. Each investor should seek independent advice from a tax professional based on his or her individual circumstances. All content from MissionalMoney.com and SaltyAdvisors.com is provided for general information and educational purposes only. This content is based on publicly available information from sources believed to be reliable. Neither Missional Money nor BayRock Financial, L.L.C. can assure the accuracy or completeness of these materials and this information can change at any time and without notice. Use this material only as general guide to further discussion with your Certified Financial Planner™ professional and/or other Financial Advisor(s).

Recent Posts

Consumerism and Wisdom

Consumerism and wisdom are often seen as opposing forces, Consumerism emphasizes the constant acquisition of material goods while Wisdom seeks purpose and contentment

Read More »

First Memories of Money Family Interview

First Memories of Money Family Interview helps you can gain greater control over your spending and saving habits, ultimately leading to more mindful financial choices. Dive in to uncover the stories and lessons that have shaped your financial journey.

Read More »
Scroll to Top