Biblical Views on Interest
The Scriptures makes many references to charging or producing interest. A related term in some versions of the Bible is “usury.” Notice that in some instances it is forbidden, in others it is endorsed. What kind of percentage rates are mentioned? Are these passages in conflict with each other? Is there a balanced view of interest that Scripture is professing? How does this relate to the subject about investing for retirement?
Your original post should have at least 200 words.
Optional-Go to http://compass1.org/java/RetirementPlan.html
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and complete the retirement planner. If you have not yet begun saving for retirement please go ahead and put in notional numbers to get an idea of what you need to be saving in order to retire. After completing that then look at these two links: http://compass1.org/java/RetirementDistribution.html
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and http://www.daveramsey.com/blog/investment-calculator/#/entry_form
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Biblical Views on Interest
. I like the last link because it helps us see how much more we can save if we give up certain items such as coffee or soda. Without revealing any specifics that you want to keep private, what are your thoughts about the time required to pay off credit card debt? What are your thoughts about preparing for retirement or the age when you will not work full time?
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What kind of percentage rates are mentioned in Scripture?,
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Are the biblical passages about interest in conflict with each other?,
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Is there a balanced view of interest that Scripture is professing?,
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How does Scripture’s view of interest relate to investing for retirement?,
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What are your thoughts on preparing for retirement or the age when you will not work full time?
Comprehensive General Response:
The Bible presents a nuanced view on the subject of interest, often distinguishing between just and unjust lending practices. Specific percentage rates are not clearly detailed in Scripture; instead, the focus is more on the heart and intent behind lending. For example, in Exodus 22:25 and Leviticus 25:35-37, charging interest to the poor is forbidden, suggesting that taking advantage of someone in need is morally wrong. However, other passages such as Matthew 25:27 reference interest positively, in the context of good stewardship and wise investment.
These passages are not necessarily in conflict, but rather reflect a balanced ethical framework. The Bible condemns exploitative usury while recognizing the legitimacy of investment and financial growth when it is conducted with integrity and fairness. This understanding supports the idea of responsibly preparing for the future, including saving and investing for retirement.