Financial Stewardship by Andrew Wommack (Book Summary)

“Financial Stewardship: Experience the Freedom of Turning Your Finances Over to God” is a renowned book by Andrew Wommack, offering a Christian perspective on managing finances. It’s well-regarded for its unique approach that blends financial wisdom with spiritual insights.

Book Details:

Title: Financial Stewardship: Experience the Freedom of Turning Your Finances Over to God
Author: Andrew Wommack
Genre: Christian Finance, Self-Help
Publication Date: 2012
ISBN: 978-1606834007

About the Author:

Andrew Wommack, a respected author and Bible teacher, is known for his pragmatic approach to the Bible. His teachings focus on clarity, simplicity, and practical application, making him a trusted voice in the Christian community. His insights into financial stewardship are particularly valued for their blend of biblical principles and real-world applicability.

Summary of Financial Stewardship:

This book delves into the concept of stewardship from a Christian perspective, emphasizing the importance of managing finances in a way that honors God. Wommack discusses the role of money in a Christian’s life, challenging readers to view finances through the lens of biblical teachings. He addresses common financial issues while offering practical steps towards financial freedom and generosity.

Selected Passages Highlighted in the Book:

The very first thing we need to understand about finances is that we are stewards of what God has given us. (179)
A steward is a person who manages someone else’s property, finances, or other affairs. As Christians, we are stewards, and we need to recognize that the money we have is not really ours; it’s a gift from God. (183)
…when you see yourself as a steward and recognize money as God’s blessing—even though you work for your paychecks—it totally changes the role money plays in your life. It ceases to control you and simply becomes a tool. This simple change in mindset from owner to steward will make a tremendous difference for you. (209)
The first step toward becoming responsible with your finances is to get this mindset that money does not belong to you. Instead of clinging to your money, you need to think: I am a steward of what God has entrusted to me. God has blessed me with these talents and abilities. God has blessed me with my job. God has put me into a prosperous nation at the most prosperous time in all of history. God is blessing me, and God has given me all of the resources I have. It is not up to me to run my finances the way I want to. I’m a steward. (214)
One of the benefits of seeing yourself as a steward is peace of mind and a sense of security. When you know that God is your source, you aren’t worried about the natural circumstances. (378)
God will take better care of your finances than you can. (383)
Yes, God gives you money to survive and pay your bills, but the primary reason He has blessed you is so that you can be a blessing. (Genesis 12: 3; Ephesians 4: 28; 2 Corinthians 9: 8.) (442)
The Word of God is full of instructions to help us make good financial decisions. For instance, the Word tells us to set money aside and be prepared. The reason a little dip in finances devastates a lot of people is that they don’t have any savings, and often it’s because they haven’t made the best use of their money. (477)
It’s possible to prosper without God, but it comes with heartache. The Word says that the blessing of the Lord makes you rich, and He adds no sorrow with it. (Proverbs 10: 22.) When you’re doing it all yourself, you carry the load of responsibility also. That’s why people are so stressed out about what’s going to happen in the stock market, or how they’re going to pay their bills. When God is your source, there is no sorrow added to your prosperity. (482)
The two most important steps toward prosperity are to realize that God is your source, and to develop the mindset of a steward. (495)
You don’t have to fear that God is going to take from you if you loosen your grip on money. God is a multiplier, not a subtracter. The fact is that being a steward puts everything into perspective and enables you to receive greater blessings from God. You’ll be blessed, and you’ll be a greater blessing to other people. (497)
How can you trust God to give you eternal life, but not trust Him to provide for your physical needs? (539)
…keep in mind that sowing and reaping takes time. Likewise, learning to trust God with your finances and moving into maturity and stability in this area is a process. (619)
…you won’t have the confidence to step out and do the things that God has called you to do until you can trust Him to be your source. (731)
…by investing money in the lives of others, you can take something that is destined for destruction and turn it into something eternal. You can transform money into something that will never pass away by investing it in the Gospel and by using it to touch other people’s lives. (980)
…the best use of money is not to buy things, but to touch lives and change people. (1009)
The highest form of giving is to help share the Gospel. When you start helping the Good News to be shared, demonstrating the love of God in word and deed, there is a divine flow that takes place. God starts supernaturally supplying your needs. (1073)
…prosperity isn’t about you—it’s really about how much is flowing through you. God gave us two hands: one hand to receive, and one hand to give. If God can get the money through you to other people, then He will get it to you—and as the money flows through there will be plenty left over for you. You are not supposed to live in poverty; it’s just that your first priority should be helping other people, rather than trying to grab everything you can for yourself. (1080)
God gives seed to sowers. (1373)
Joseph was a giver, and he always put God first—that’s the same attitude we need to have. Today, when recession hits, the first thing most Christians cut back on is their giving, which is the absolute worst thing we can do. Like Joseph, we need to put God first regardless of our circumstances. In fact, when hard times come, we should increase our giving so that we can increase our harvest. The Bible records that Isaac, Joseph’s grandfather, sowed in a year of famine and reaped a hundredfold return. (Genesis 26: 12.) Almost everyone else had fled to Egypt from Canaan in search of food, but the Lord told Isaac to stay, and he obeyed. He decided to sow crops in the fields that had been abandoned by those who went looking for prosperity in the world, and he reaped a huge harvest. He became tremendously wealthy because he planted seed at a time when everyone else was holding back in fear of poverty. (1390)
If you come into a recession, cut back on your personal spending but never cut back on what you are doing for God. If God can get money through you, He will get it to you. (1398)
God loves us independent of our performance, which includes whether or not we tithe. New Testament giving isn’t a debt or an obligation. (1465)
Actually, I think the tithe is a starting place. Everything we have under the New Covenant is far superior to the Old Covenant, so I think we should be doing more than what was required under the Law. (1500)
God loves you if you eat all of your seed, but don’t be surprised when the money runs out and you’re crying out to God about not meeting your needs. It’s not His fault if you ate all of your seed. You need to be disciplined enough to take a portion of what God has given you and sow it into your future. The tithe is a starting place; ultimately, you should desire to give even more than 10 percent. (1550)
We don’t tithe to please God; we do it out of a sense of appreciation for all that God has done for us. (1555)
Now, we do what is right out of a good heart and because we understand spiritual things. I give tithes and offerings because it’s a way of showing my faith and using the finances God gave me to help build His kingdom. I believe in tithing just like I still look both ways before crossing the street; I just give with a different motivation than they did under the Old Covenant. (1584)

Who Would Benefit From This Book?

This book is ideal for Christians aged 25-45, particularly those with families, seeking a deeper understanding of how to manage their finances in a way that aligns with their faith. It’s perfect for those who appreciate a non-aggressive, authentic approach to financial advice, and are looking for practical, biblically-based guidance.

Popular Quotes from Financial Stewardship:

“God’s kind of prosperity isn’t selfish. It’s not for you to heap upon your own lusts.”
“True financial prosperity is having enough to meet your needs and extra to give into every good work.”
“It’s not about the amount of money you have; it’s about the attitude you have towards it.”
“Your heart follows your treasure. Wherever you put your money, your heart and focus follow.”