WEALTH CREATION FORMULA - Hakeem J. Webb, MSFS

Deuteronomy 8:18

¹⁸ But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth, that he may establish his covenant which he sware unto thy fathers, as it is this day.

Most people have heard or read this scripture at some point in their lifetime and if you are a Christian reading this article I absolutely know you heard this scripture read to you and you probably can quote it yourself.  In fact, you are probably declaring it over your life each and every day.  However, when hearing it from either bible study or from the preacher it is normally quoted with the emphasis on the later part of the verse ….that he may establish his covenant which he sware unto thy fathers, as it is this day.  In other words, it is concluded that yes God can give you wealth, and yes it is not by your own hands as verse 17 states, but God himself gives it to you and the reason for this wealth is to establish his covenant or his kingdom or simply put use the money he gives you to sow into the things of God.  To be candid, I taught the very same thing for many years too, until the Lord reminded me of something very important and in this short article I hope to give you the nuggets that he reminded me of.

First, the problem with how people teach this scripture is placing the sole emphasis on the second part of the verse…..that he may establish his covenant which he sware unto thy fathers as it is this.  Not because God doesn’t want you to do that, clearly he does, but the reason it’s a problem we as teachers assumed that most people understand what wealth is and how to create it.  Or in many cases the preachers themselves don’t know what wealth is or how it is created.  And, neither do most people! So, for decades even centuries we have heard what to do with the wealth but have not truly been informed as to what it is and how to create it and the people of God go without.  At best, we’ve been told if we tithe and give into the things of God he will make us wealthy. Which if this by itself was true then every believer would already be Bill Gates wealthy or better yet, Solomon wealthy.  However the truth of the matter is this is not the case just look at the congregations around the country and their neighborhoods. Let find out why people aren’t receiving the wealth that our Lord and savior died and paid the price for and change this thing around and fulfill God’s total promise and plan.

Before we go any further I want to define wealth so you the reader can be on the same page as God and me. 

Wealth: a great quantity or store of money, valuable possessions, property, or other riches:

2. an abundance or profusion of anything; plentiful amount:

3. Economics.

a.       all things that have a monetary or exchange value.

b.      anything that has utility and is capable of being appropriated or exchanged.

4. rich or valuable contents or produce:

5. the state of being rich; prosperity; affluence: persons of wealth and standing.

Now, that we have a working understanding of the meaning of wealth when you hear it taught from any pulpit or university ask yourself if it lines up with the definition.  The reason this is so important is traditionally when it has been taught from the pulpit or within the ministry context many try to apply different definitions to the word such like; well, wealth doesn’t only mean money!  I’m wealthy in my health too! When you give God is not only talking about making you wealth in money but it means other things too!  Most of the time this is stated because the manifestation of wealth has not shown up in the lives of their members or the believers at large so they tap dance around it and make up excuses.  Look at the scriptures for yourself in the life of Abram in Genesis 13:1-2 (kjv) And Abram went up out of Egypt, he, and his wife, and all that he had, and Lot with him, into the south.

² And Abram was very rich in cattle, in silver, and in gold.  You see child of God, Abram wealth meets the definition!

Now, let’s proceed to the wealth creation formula.  It is right here in the scripture but tucked away unless you have understanding.  Let’s read the first part of the scripture again to get understanding.  Deuteronomy 8:18 But thou shalt remember the Lord thy God: for it is he that giveth thee power to get wealth,…..  After reading this you have to ask yourself what is the power that God is going to give me that will enable me to manifest wealth in the true meaning of the word?  Is this power some super hero type power?  Is it just an anointing? What kind of power will you need to bring into your possession the manifestation of wealth in the true meaning?  I’m glad you asked! 

So here is the formula for wealth:

	Skilled Labor + Natural Resources + Innovative Ideas + Financial Capital + Market Economy = WEALTH CREATION

 

With this formula we can now look back at the Deuteronomy 8:18 and plug in the formula coupled with other scriptures and see exactly what type of power we receive from God. Now, don’t get me wrong you will need to be anointed, but the anointing allows us to gain the advantage over others who may similar skill sets or education, etc. It’s what sets us apart from the world.

Here’s what we know:

1.      We know that God will bless the works of our hands. 

2.      We know that the earth and the fullness thereof is the Lords. 

3.      We know that God will give us insight, concepts and ideas or witty inventions.

4.      We know that God gives us seed to sow which produces a harvest that can be sold to produce money.  Or if you work you earn a wage and that wage produces money and thus you have financial capital.

In short, true wealth is created through a mixture of natural resources, skilled labor, intellectual capital, entrepreneurs and financial capital in a market economy. It is the later part. the market economy that one typically will use to realize or extract their wealth in monetary terms; i.e. by bringing their company public to the stock exchange or selling to a potential buyer. 

This is a short article from the upcoming series “WEALTH CREATION FORMULA”

By: Hakeem J. Webb, MSFS, who is an established Registered Investment Adviser with over 20 years’ experience in the financial services industry.  He is also the Founder & CEO of National Christian Financial Advisor, Inc. a full service investment firm.  More importantly Hakeem has taught the word of God for over 20 years and is well respected throughout the country and abroad as a teacher of the word especially biblical and practical financial matters.

For more information or to reach him visit his website: www.ncfaicinc.org.