On becoming rich: basic principles of becoming rich

Photo by Christine Roy on Unsplash

This is the first part of the four-parts series On becoming rich.

Being rich, or possessing wealth, is defined differently from one person to another. Irregardless of your definition, we understand that it is within the context of abundance. For the whole series, we will talk about the following:

  • basic principles of becoming rich
  • ill-gotten wealth
  • deceit of wealth
  • real source of wealth

In this article, we will discuss how the basic principles of becoming rich come into play as we continuously toil in this short life.

Basic principles of becoming rich

1. Hard work.

It’s no surprise that hard work is a basic requirement for becoming rich (Proverbs 10:4).

A lazy person will end up poor, but a hard worker will become rich.
Proverbs 10:4 NCV

If you are a hard worker, it only means that you are diligent (Proverbs 10:4), someone who puts effort in what he does.

Poor is he who works with a negligent and idle hand, but the hand of the diligent makes him rich.
Proverbs 10:4 AMP

For those who are only good at talking their way on how they will get rich, without hard work they will end up in poverty (Proverbs 14:23).

Those who work hard make a profit, but those who only talk will be poor.
Proverbs 14:23 NCV

Why do we become rich when we work hard? It is because God promised in His Word that he will bless all the work of your hand (Deuteronomy 28:12). And because of this abundance, we will be able to lend to many nations (basically anyone) and not borrow from them!

The Lord will open for you His good treasure house, the heavens, to give rain to your land in its season and to bless all the work of your hand; and you will lend to many nations, but you will not borrow.
Deuteronomy 28:12 AMP

What about the lazy people? Such people are idle; only wanting but getting nothing (Proverbs 13:4) as they become overpowered by their slackness.

Photo by elizabeth lies on Unsplash

The soul (appetite) of the lazy person craves and gets nothing [for lethargy overcomes ambition], but the soul (appetite) of the diligent [who works willingly] is rich and abundantly supplied.
Proverbs 13:4 AMP

2. Planning.

To make sure that your hard work bears fruit, you also need to plan your actions (Proverbs 21:5). This means that hard work and planning go hand in hand.

The plans of the diligent lead surely to abundance and advantage, but everyone who acts in haste comes surely to poverty.
Proverbs 21:5 AMP

RELATED: Two things you need to consider when planning

So what happens if you are hasty in implementing your ideas you think are profitable? It never ends well. The book of Proverbs stated explicitly that without due deliberation, acting too quickly makes us poor (Proverbs 21:5). The business people I’ve met who lasted and flourished in their businesses are indeed the ones who really make careful planning.

The plans of hard-working people earn a profit, but those who act too quickly become poor.
Proverbs 21:5 NCV

Wrap Up

  • Hard work. Hard work requires you to really put on effort on what you do and rest assured that you will reap what you sow.
  • Planning. To make sure that all your hard work will not be put to waste, it is also important to come up with a thorough planning. It has been clear that being quick to act is never a smart thing to do.

RELATED: We like beginnings because…

You might contest that spending long hours at the workplace can be considered hard work. However, you can actually spend long hours at the workplace hardly doing any work at all.

Watch this video about how working hard and planning (in this case, working smart) go hand in hand.

Now, you have learned that hard work and planning play a vital role in gaining wealth. For the next article in the series, we will discuss that aside from the fair means of gaining wealth, some people choose to obtain them through other means just to get ahead.

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