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There are three kinds of millionaires in our country—those who inherited it, those who earned it, and those who won it. In America, we celebrate when someone wins the lottery, yet pay no attention to the one who made a million dollars the old fashioned way.
"Steady plodding brings prosperity; hasty speculation brings poverty" (Prov. 21:5 TLB).

There are three kinds of millionaires in our country—those who inherited it, those who earned it, and those who won it. In America, we celebrate when someone wins the lottery, yet pay no attention to the one who made a million dollars the old fashioned way.

If you were going to sit down and have dinner with someone, you should choose the one who made a million the old fashioned way and could tell you how to do the same.

What could the lottery winner possibly say? "It was my lucky day! Why are my third cousins calling me?" For the most part, those who win the lottery end up quickly losing the money and living the same lifestyle that they always had. Why? Poor people have poor ways.

But the rich know secrets about money that the normal person doesn't. Most people don't want to talk about money. They would rather watch home remodeling shows or talk about the weather.

However, if you have money problems, you eventually will have other problems. Professional counselors tell us that the number one problem in marriage is money difficulties. This is one reason why we should get out of debt and get money working for us.

Proverbs 22:7 says, "The rich rule over the poor and the borrower is the servant to the lender." In this scripture, you see two groups of people. The sad thing is that you fit into one of those groups—the rich or the poor, the ruler or the ruled, the borrower or the lender, the servant or the master.

God's people ought to be the ones in control of the money in the nations. If this were the case, getting people to listen to the Gospel would be no problem. Think about it. What does a defeated, debt-controlled person have to say?

It's time to change our ways by changing our thinking about wealth. Once a person is willing to take responsibility for the condition of his or her life and willing to be taught, they are on their way out. Ignorance is the way of the poor, but walking in wisdom is the rule of the rich.

The rich are rich because they know the rules that create wealth.

Knowledge is the key that opens the door to abundance. The law of abundance never works for those who refuse to walk in wisdom. Wisdom is the mother of knowledge, and knowledge is the ability to reproduce successful steps over and over again.

Proverbs 1:5 says, "The wise hear and increase in learning and a wise man of understanding shall attain unto wise counsels."

If a person were walking in wisdom, they would not be wasting money every month on revolving credit. Debt and ignorance are the enemies to abundance. People who refuse to walk in knowledge will only walk in lack.

The uninformed are the servants and will be ruled by the world's system, but the informed will make money work for them.

Listed below are six secrets that the rich know and live by:
  1. Five percent on top. Five percent of the U.S. population has over one million dollars in assets. They understand that there are two kinds of debts. The first kinds of debts are those you pay because of foolish decisions or mistakes that you have made.

    These debts make you ask, "How did I get into this mess?" These are consuming debts. Consuming debts are credit cards, car loans, vacation loans, department store loans, etc. For the most part, it will take years to pay off these loans without the wisdom of God.

    The next kind of debt is asset-building debt. You may say about these debts, "I know how I got here." Asset building debts are your home, real estate ventures, education, etc.

    The other 95 percent of our population are consumers, not investors. The rich consume things like the consumer group; they just consume different types of things. Knowledge is the thing that the rich consume. To make it as simple as I can, the upper 5 percent make money work for them, while the 95 percent work for their money.

  2. The rule of 72. This is the rule that makes money double. You divide 72 by the interest rate you are receiving and this is how long it will take for your money to double. If you were receiving 10 percent on your money, that means it will take 7.2 years for your money to double.

  3. The power of compounding interest. Compounding interest is the money you made last month that is now working for you this month. For instance, let's say you decide to invest $100 a month that will yield 6% interest compounding monthly for the next 30 years.

    In 30 years you will have made $100,000! That's not bad considering you made $64,000 in interest (money you didn't have to begin with). Now let's say you kept that up for another 10 years. You would then have $200,000 in 10 years.

  4. Opportunities. The rich make money because they see opportunities that the other group refuses to see. Wisdom is watching and learning from the wealthy and applying what they have done. No one will listen to a poor man, but the poor man can listen and no longer be poor.

    The rich don't try to become rich overnight. They know that it takes time to learn and become rich. If it were as easy as some say, then everybody would be millionaires. Ask God to show you the opportunities and give you the wisdom to make it work.

    I just heard a testimony of a Christian man who is making money on Ebay. Once I heard his story, I said to myself, "I can do that." You must have an "I can do that" attitude if you are going to move out of the 95 percent group.

  5. Debt. The rich know that debt that makes you work is the wrong kind of debt. You should make a plan to eliminate your consuming debts. There are many programs that will help people get out of debt.

    Once you are out, you can use the money that you were spending on consuming debt to start investing into something that will work for you. Only about one out of 20 American households owes less than $8,000 in credit card debt.

    The rich and those who have accumulated wealth stay out of debt. The only thing that most of the rich know about debt is that they loan money to others and receive interest back from those loans. They are the lenders!

  6. Banking. The rich understand the purpose of a bank. There are five ways that banks make their money. You should make it your goal to find out these five ways and begin to do what the banks are doing.

    Banks are not a place to put your money. The banking business is about interest and their interest comes first. The system is designed to work in their favor and your well-being is secondary. The rich diversify their money so it will increase in every situation (see Eccl. 11:5).
This article is used by permission from Pastor Brian Bohrer's
quarterly newsletter: Wi$domandmoney
available at

Author Biography

Brian Bohrer
Web site: Pastor Brian Bohrer
Brian Bohrer is a spiritual motivator and Bible teacher. Best known for his ability to share simple truths, seasoned with humor, Brian brings his listeners to a fresh understanding of the Word of God. Brian centers his teaching around faith and knowing who we are in Christ. Brian and his wife, Kimberly, have enjoyed thirty-five years of pastoral ministry. Since 1980, they have been building up the Body of Christ and taking the Gospel into all the world. Brian and Kimberly currently pastor River City Church in Washington, Missouri.

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