Earning, Saving and Giving

There is an article in the Summer 2009 issue of Creighton University Magazine by Ken Washer, Associate Professor of Finance. Dr. Washer starts with theologian John Wesley's preaching: "Earn all you can , Save all you can, Give all you can".

Dr. Washer questions whether or not we have become a nation of "Borrow all you can, Spend all you can, Receive all you can"? These traits seem to be becoming prevalent in our society and I believe can challenge a person of faith in their attitudes towards debt, savings and charity.

I see people with debt that is un-real, who at the same time spend virtually every penny they have on needless "stuff", while at the same time try to scheme on how to qualify for disability or some other hand out program. I know of people who simply are not willing to work hard or to work long hours. They can claim they can't find jobs, yet this past week I entered 6 different establishments with help wanted signs in the window.

It is all too easy to become very jaded. It appears that we really are a nation headed just opposite to Wesley's call... but that need not be the case for people of faith... people who seek to the the hands of Christ in our society.

Dr. Wash sums up his article with the following thoughts:

- A society that works... produces good and services that improve the quality for virtually everyone's life

- A society that saves.... provides funds for others to purchase a house, fund an education or expand a business

- A society that gives.... understands that some people are not able to provide for themselves and need a helping hand

Dr. Washer has summed up my basic thoughts about the whole subject of money and the role of the economy. It is what I have tried to teach my kids.... it really is as simple as that. This approach to your money and work is a "faith response" to all that God has provided for you.

"John Wesley was indeed correct when he preached to earn all you can through honest labor, save all you can through disciplined spending and give all you can to worthy causes. When we live these things, we not only benefit ourselves, but we benefit the world". - Ken Washer, DBA, CFA

Makes me think that I should spend a little more time understanding other things Wesley wrote about. I might have to move him right up there with old Marty.