Shane Enete, an Associate Professor of Finance at the Crowell School of Business, dives deep into blending faith with finances. He discusses the spiritual importance of budgeting and treating spending as a discipline. The conversation explores how upbringing shapes money habits, and the need for couples to align financial values. Enete emphasizes the balance between generous giving and wise saving, advocating for a holistic approach to wealth management. His insights from his book, 'Whole Heart Finances,' serve as a guide to navigating financial decisions through a faith-based lens.
Submitting finances to Christ involves intentionality and viewing money as a reflection of one's faith and relationship with God.
Recognizing how upbringing shapes financial behaviors promotes healthier financial relationships and encourages deeper conversations in partnerships.
Deep dives
The Integration of Faith and Finance
Submitting finances to the Lordship of Christ involves viewing money not just as a practical matter but as a spiritual one. Many people compartmentalize their financial decisions as separate from their faith, leading to confusion and stress around money management. The concept encourages individuals to see their financial activities as a reflection of their relationship with God, where budgeting and spending are approached with intention and prayer. By bridging the gap between spiritual beliefs and financial practices, this mindset aims to create a cohesive and holistic approach to one's personal finances.
The Value of Whole Heart Finances
The phrase 'whole heart finances' represents the idea of committing all aspects of one’s financial life to God rather than maintaining a compartmentalized view of wealth management. This involves recognizing God as the ultimate owner of all financial resources and integrating faith into financial decisions. The book emphasizes that true financial stewardship should reflect one's identity in Christ, enabling individuals to look at spending, saving, and giving from a position of grace and generosity. By fully submitting their finances to God, individuals can cultivate a more fulfilling spiritual life aligned with their monetary choices.
Experiential Giving and Lifestyle Goals
The discussion around different giving strategies highlights the importance of experimenting with various ways to give, rather than feeling limited to a strict percentage like a 10% tithe. Individuals are encouraged to set cumulative giving goals, which can transform the experience of giving into a motivational challenge that fosters generosity. This approach helps individuals recognize the spiritual value of giving as a reflection of their relationship with God and community needs. By shifting the focus from what can be given reluctantly to what can be joyfully shared, people can experience more profound satisfaction and purposes in their financial decisions.
Understanding Money Personalities
Exploring personal money personalities reveals how upbringing and family environment substantially shape one's attitudes toward money. Recognizing whether one is tighter or looser with spending, and the intrinsic values connected to those patterns, helps individuals understand their financial behaviors and experiences. The concept encourages reflecting on family dynamics related to money, which can influence current spending habits and choices, thereby promoting healthier financial relationships. Acknowledging these elements can facilitate deeper conversations, especially in partnerships, helping individuals to navigate potential conflicts around financial management.
What does it mean to submit your finances to the Lordship of Christ? What does that involve on a daily basis? What does it mean to baptize your money and treat tracking your spending as a spiritual discipline? How does your upbringing influence your attitudes toward money? We’ll answer these questions and more with our Crowell School of Business colleague, Shane Enete around his new book, Whole Heart Finances.
Dr. Shane Enete is Associate Professor of Finance at the Crowell School of Business, Biola University. His research interests include how new developments in Biblically Responsible Investing (BRI) alter investment practice, the theology of financial planning, and how to reconcile the natural tension of a Christ follower between sacrificial giving and shrewd saving. Enete currently holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.
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Think Biblically: Conversations on Faith and Culture is a podcast from Talbot School of Theology at Biola University, which offers degrees both online and on campus in Southern California.
To submit comments, ask questions, or make suggestions on issues you'd like us to cover or guests you'd like us to have on the podcast, email us at thinkbiblically@biola.edu.
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