Biblical Answer

Why did I waste my entire life savings on this bad investment?

The Bible teaches that the love of money is a root of all kinds of evil (1 Timothy 6:10). Many people have been deceived by the promise of quick returns and financial security that comes with investing in things that may seem profitable but are ultimately worthless. The consequences of such investments can be devastating, leading to financial ruin, stress, and even health problems. The story of Oral Roberts, who lost $110 million in a bad investment, serves as a warning to those who prioritize wealth over wisdom and faith. He had to make drastic budget cuts and sell off unneeded property to reduce his debt from $110 million to $50 million. This experience could have been avoided if he had been more careful and discerning in his financial decisions.

The Bible also teaches that true security and stability come from God, not from what we own. Psalm 23:4 says, "Even though I walk through the darkest valley, I will fear no evil, for you are with me; your rod and your staff comfort me." This verse reminds us that God is always with us, and He will never leave us or forsake us. When we put our trust in God, we can be content with what we have and not be consumed by the love of money. In contrast, those who prioritize wealth and material possessions often find themselves empty and unfulfilled, even when they have achieved their financial goals. As the Bible says, "You cannot serve both God and money" (Luke 16:13).

In conclusion, wasting one's life savings on a bad investment is often a result of prioritizing wealth and material possessions over wisdom, faith, and God's guidance. The Bible teaches us to be careful and discerning in our financial decisions, to prioritize our relationship with God, and to be content with what we have. By following these principles, we can avoid the pitfalls of the love of money and find true security and stability in God. As the Bible says, "Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God" (Philippians 4:6). By putting our trust in God and seeking His guidance, we can make wise financial decisions and live a life that is pleasing to Him.