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MONEY QUOTE: “Cast Thy Bread Upon the Waters, and Thou Shall Find It After Many Days” – Ecclesiastes 11:1 (KJV)

There are powerful life changing and destiny shifting quotes out there these days. A vast number of them are timeless wisdom laid forth from wise men and women in the old days. The bible contains a vast amount of verified money quotes that will make you wealthy.

One such quotes is, “Cast Thy Bread Upon the Waters, and Thou Shall Find It After Many Days”. This was taken from the Book of Ecclesiastes, the 11th chapter – written by King Solomon. A king who ruled in ancient Israel several thousand years ago. Solomon was also known as the wisest man who had ever lived. But what can the author of the books of Ecclesiastes, Proverbs, and the Songs of Solomon teach us about money in this modern era?

Your Bread is Your Seed or Capital

Starting With Nothing

Wealth is never created in a vacuum. To multiply money, you must have a starting point. So your capital could be either great or small but it is the life-blood of any investment or business endeavor.

How Do You Raise Capital?

The cheapest most important capital is your own savings. Your next best option is money lent by family and friends. You can become your own bank by raising money for investments in financial assets, a small business, or real estate venture. Money you save will begin to compound when you apply the next principle.

The Law of Investing

Why Investing Is So Misunderstood

The definition and activity of investing is one of the most misunderstood ideas in the financial industry today. Most people have it all wrong. Even the ivory towers of academia are also very much misguided in their treatise of this delicate topic.

The Truth About Investing

Investing was defined by Benjamin Graham – who was one of the greatest minds and founder of the Value Investing philosophy, used also by his disciples; including Warren Buffett.

Graham says in his book, The Intelligent Investor that, investing is an operation that requires a thorough understanding of the fundamental value or cashflow potential of the underlying asset, in order to make a rational decisive move to buy, hold, or sell.

He also asserts that equity investments such as stocks should have a nice floor that doesn’t fall out. The ceiling on the other hand should be moderate enough to shield the investor from the harsh conditions of inflation, yet not having a similar speculative appeal like lottery tickets do.

Growth Comes from Taking Risks

The World of Risk Vs Rewards

The higher the risk, the greater the reward. Fortunate for some, but yet unfortunate for others. To build wealth using a low risk asset such as a savings account would take nearly 150 to 300 years to make you rich. Howbeit, an asset class such as stock may take you a single life-time or just a decade or two to make you a millionaire. The difference is the risk involved – that the investor is willing to stomach.

The Antidote for Risk

Diversification is one of the most powerful forms of defense against investing in risky assets, such as stocks. This is because you’re not holding all your eggs in one basket. Unfortunate situations happen to businesses and their industries all the time. The best way to shield yourself from loss or adverse decline is to cushion your assets by holding a solid range of versatile instruments that aren’t correlated in the same economic direction – so to speak.

A Few Parting Words

The sayings of King Solomon and other great wealthy people, who have lived in the centuries past, have a legacy they’ve left behind. The timeless advice and wisdom are as viable today as they were when they were first penned upon scrolls and stored away in temples and caves.

Principles never die. In as much as there’re modern twists t biblical wisdom and quotes, their power to create wealth is still very much intact. But you’ll only see the majestic results rolling forth into your life if you dare to act upon these.

Are you familiar with this bible money quote? What other quote comes to mind that you’d like to share? Please post in the comments section below.

MONEY QUOTES – Cast Thy Bread Upon the Waters

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