3 Keys to Financial Freedom

For many years, I have had a firm conviction about breaking the spirit of poverty in the Body of Christ. Poverty is a curse that was never God’s plan. Unfortunately, many Christians do not believe that God wants to bless them. Furthermore, they are kept in financial bondage, including tremendous debt. 

However, as the people of God, we are called to walk in full freedom, including in personal wealth. Proverbs 10:22 says, “The blessing of the LORD, it makes rich, and he adds no sorrow with it.” In order to grow financially, you must renew your mind by believing that God wants you to be blessed with prosperity. Then, set yourself on solid financial foundations so that you can prosper and thrive — so that you can be blessed to be a blessing to others.

Here are three Scriptural foundations for financial freedom:

1. Get Out of Debt

I believe that God wants to give us resources to help advance the Kingdom, through business, wealth, and other types of resources. The Bible calls us to be fruitful and multiply (Genesis 1:28). But how can we multiply our resources when we owe what we earn to someone else? 

The Bible is clear on the subject of remaining in financial debt. Debt keeps us in a permanent state of bondage in our finances, preventing us from walking in full freedom. Romans 13:8 says, “Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.” Unfortunately, many people remain in continuing debt because they live beyond their means.

If you are in debt, here are some practical tools to help you get free:

  • Do not overspend on what you cannot afford.

  • Practice a lifestyle of delayed gratification, meaning that sometimes you must wait for what you desire, from larger purchases to smaller purchases. Proverbs 24:27 says, “Prepare your outside work, Make it fit for yourself in the field; And afterward build your house.” Work first for what you will purchase later.

  • Pay off your mortgage. Mortgage is often a form of substantial debt, but with intentional planning and perseverance, you can get to the place of being debt free!

2. Honor God First with your Finances

When we submit to the Lordship of Jesus over our lives, we acknowledge that our bodies, our time, and our resources are not our own. Psalm 24:1-2 says, “The earth is the Lord’s and all its fullness. The world and those who dwell therein.”

Everything we have, God has given us. We are called to be good stewards and managers of what we have—including our gifts, talents, and finances.

Honor God first by tithing to the church. I love what Bill Johnson says: Your tithe is the biblical equivalent of “paying rent.” It is an offering to the Lord and an acknowledgment of His Lordship and ownership in your life.

What is a tithe?

  • “Tithe” means 10% of your income. “Ten” numerically in the Bible means a test. A tithe is a test of your acknowledgment of the Lordship of your Creator!

  • Your tithe is not the leftovers of what you earn — it is the firstfruits. Exodus 34:36 says, “You shall bring the very first of the first fruits of your soil into the house of the LORD your God.”

  • Tithing to God will ultimately lead to greater blessing and provision. Proverbs 3:9-10 says, “Honor God with everything you own; give him the first and the best. Your barns will burst, your wine vats will brim over.”

3. Embrace Generosity

A spirit of poverty prevents us from giving generously because it keeps us in fear of never having enough. When we fear that we will not have what we need, we are embracing an orphan spirit and the belief that God will not provide for us. But when we trust that our Father in Heaven will give us what we need, it frees us to give generously to others.

Embrace the spirit of generosity. If you give generously, you will reap generously. Proverbs 11:24-25 says: “There is one who scatters, yet increases more; And there is one who withholds more than is right, But it leads to poverty. The generous soul will be made rich, And he who waters will also be watered himself.”

Sue and I give more than 51% of our income, and the Lord has provided for us and continues to grow our finances. If you are struggling financially, embrace generosity and watch what happens. Give yourself to faith, not fear, and expect the goodness of God to manifest.

Walking in Financial Freedom

I am thankful to say that Sue and I are walking in financial freedom and prosperity. We have actively practiced these foundations for many years, and we have never been in debt and we have sent four children to college (one to grad school as well).

I believe that if you practice certain principles, you will not only get free of financial difficulty, but you will prosper and thrive. As the people of God, we are to set the example for others with wisdom and stewardship of what God has given us, in financial blessing and prosperity.

Going Deeper

Here are some additional resources to equip you with tools for financial freedom and success:

  • My book The Grace of Giving will empower you to embrace a spirit of generosity, unlocking greater blessing in your own life.

  • I highly recommend The ABC’s of Financial Freedom by Barry L. Cameron. I received a lot of revelation from this very practical guide with biblical principles of stewarding your finances well!

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