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Solomon was one of the richest men on earth.
The Bible says Solomon earned 22 tonnes of gold annually; that's $1.22b yearly.
There was so much gold in Israel, while Solomon ruled that Silver, another precious commodity, was regarded as having "little value."
#Churchofmoney
The Bible says Solomon earned 22 tonnes of gold annually; that's $1.22b yearly.
There was so much gold in Israel, while Solomon ruled that Silver, another precious commodity, was regarded as having "little value."
#Churchofmoney
So how did Solomon get so rich? Did God give him the gold? Well, not exactly; let's explore how
1. Sales Taxes, Customs Duties and Assessments; Solomon got the gold from taxing his distant income-earning subsidiaries. This is passive income. 1 King 10.15
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1. Sales Taxes, Customs Duties and Assessments; Solomon got the gold from taxing his distant income-earning subsidiaries. This is passive income. 1 King 10.15
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2. Consultancy; Solomon monetized his knowledge and got paid to give advice, just like the Boston Consulting Group. Solomon got paid in gold and Silver, amongst others. 1 Kings 10.20
Queen of Sheba paid him 4 tonnes of gold, about $233m for his knowledge.
#churchofmoney
Queen of Sheba paid him 4 tonnes of gold, about $233m for his knowledge.
#churchofmoney
3. Arbitrage
Solomon was a middleman in the global trade of Chariots. Think of chariots as trucks.
Solomon bought them at discounted prices in Egypt and resold them at a premium. 1 King 10.29
I note that Solomon paid for the chariots in silver, which was plentiful.
Solomon was a middleman in the global trade of Chariots. Think of chariots as trucks.
Solomon bought them at discounted prices in Egypt and resold them at a premium. 1 King 10.29
I note that Solomon paid for the chariots in silver, which was plentiful.
4. Trading
Solomon had a large fleet of ships which exported, imported and consummated a lot of commerce.
It was this trade that brought in tons of gold and silver that made Solomon rich.
#churchofmoney
Solomon had a large fleet of ships which exported, imported and consummated a lot of commerce.
It was this trade that brought in tons of gold and silver that made Solomon rich.
#churchofmoney
However, any Nigerian will tell you that income is not wealth; the bible also records the very lavish lifestyle of Solomon, he has gold cups and plates, but he also SAVED.
Solomon saved most of the gold he earned in storage like a Sovereign Wealth Fund. 1 Kings 10.17
Solomon saved most of the gold he earned in storage like a Sovereign Wealth Fund. 1 Kings 10.17
Let's summarize.
Yes, you be the son of a king and get a visit from God, but you will need to work so God can bless the works of your hand.
Solomon traded and sold advice; that's how the 22 tons of gold came in. Most importantly, he saved more than he spent.
#Churchofmoney
Yes, you be the son of a king and get a visit from God, but you will need to work so God can bless the works of your hand.
Solomon traded and sold advice; that's how the 22 tons of gold came in. Most importantly, he saved more than he spent.
#Churchofmoney
The Lesson of Solomon?
1. Earn. earn both passive and active income
2. Monetize your gifts
3. Trade, if you can't make it, be a middleman
4. Save and spend LESS than you earn
Simple lessons to adopt no matter what name you worship.
#churchofmoney
1. Earn. earn both passive and active income
2. Monetize your gifts
3. Trade, if you can't make it, be a middleman
4. Save and spend LESS than you earn
Simple lessons to adopt no matter what name you worship.
#churchofmoney
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