Buy and Hold
Today, let us outline a Biblical approach to building wealth, emphasizing that true wealth extends beyond financial assets and encompasses one’s entire life. Ric Bender argues that instead of just chasing financial instruments, individuals should prioritize four foundational “investments” based on wisdom.
- Buy Truth: This involves putting effort into seeking genuine truth rather than accepting societal or financial narratives at face value. Bender shares his personal experience of financial loss in 2008 as a catalyst for seeking this deeper, Biblically-aligned truth.
- Buy Wisdom: Wisdom is described as the “principal thing” necessary for clarity in decision-making. It helps individuals discern the right path for their finances, whether that involves stocks, funds, or other assets like precious metals.
- Buy Instruction: This emphasizes the need for financial literacy and active learning. Rather than relying solely on the opinions of financial “talking heads,” one should seek divine instruction and revelation.
- Buy Understanding: Understanding is essential to avoid negligence. Drawing on a proverb from Solomon, he warns against a “lazy” approach to finances, explaining that true stewardship requires active management, budgeting, and effort to reach long-term goals.
Ultimately, Ric Bender encourages viewers to treat these four qualities as lifelong investments that must be acquired, held, and applied to foster both spiritual growth and financial stability.
