The Conversation Starts Here.

Contact us toll free at 1.888.629.0044

Holistic Approach to Managing Wealth



The Trappings of Money

The Possession Principle says, whenever we seek to possess something, it possesses us. Stated another way, whenever we attempt to acquire something, we end up being acquired. *

This is especially true with money. We quickly see that money allows us to buy what we need – food, clothing, and shelter. The natural conclusion is if a little money is good, a lot of money is better. A lot of money will secure our future and that of our family’s. If we have enough, we can even use it to have other people do some of our jobs. Having money means having power. We can have whatever future we want, all we need is money, more money.

It is easy to see why money is so appealing – it offers a false sense of security and independence. We an have it all… if we have enough money. However, how much is enough? If we are honest, we will likely respond, “just a little bit more”. Regardless of how much we have, we can always find someone who has more and is our definition of “wealthy”.

When we seek to possess money, we can easily become possessed by it. Our time and attention become oriented to acquiring more & and more, and in the process, we become possessed by the very thing we seek to possess. Also, the problem is that money cannot keep its promises. At best, it is only useful to us while we are alive (a few decades at most) and can quickly drop in value through a housing crisis (USA 2007-09) or a financial crisis (2008). Solomon, one of the richest men to ever live wrote from experience, “Whoever loves money never has enough; whoever loves wealth is never satisfied with his income. This too is meaningless…I have seen a grievous evil under the sun: wealth hoarded to the harm of its owner…naked a man comes from his mother’s womb, and as he comes so he departs” (Ecclesiastes 5:10-15).

So how do we acquire wealth without becoming possessed by it? For starters, recognize that money’s promise is empty – it is not able to deliver. To counteract the risk of our obsession with possession, we need to recognize the Creator of the universe wants us to place our trust for our needs in Him. He is more than capable; He wants to direct our priorities and fund them. When our attention is on the Giver and not the gift, we are free to receive God’s blessings without becoming enamored with them and we are free to use them in a way that pleases Him. His design is for us to live in freedom and joy.

*Wills, David, Parker, Terry & Sperry, Greg (2015) Family. Money. National Christian Foundation, page 38.

Download full article.

Family. Wealth. Harmony.®

Covenant Family Wealth Advisors' certified financial advisors and business succession planning experts help guide families through the technical and emotional aspects of managing wealth, estate planning and business succession. Our experienced financial management team uses a Christian perspective that is rarely found in traditional financial planning, and we work closely with you to develop a personal Holistic Stewardship Plan that encompasses financial planning, estate planning, family business transition and philanthropy.

Biblical Perspective

Connect with Us:


Dear Clients,

In recent days, it has become increasingly evident that we are experiencing an unprecedented event around the world. The speed at which our lives have been turned upside down is breathtaking. At Covenant, we are doing our best to continue serving our clients while taking precautions to stay safe and reduce the risk of further spread of the virus. We value each of you and count it a privilege to serve you. Amidst this most trying time, we are available to discuss any concerns you may have pertaining to your finances or business. Please do not hesitate to contact us. Although the challenges are significant, we are confident we will all get through this and that brighter days are ahead.

May we each be wise, discerning and quick to help those who need it.

The Covenant Team