I lived in Silicon Valley for over 30 years and often heard the phrase “smart money” which meant funding that came from investors who added value beyond just capital. Smart money brings know-how, industry experience and networks that are often more valuable than just cash.
Scripture alludes to “stupid money” in Psalm 40 which ends with this phrase:
“Rich people with no understanding are just like animals that die.”
Living a life without purpose is terrible; dying rich and leaving this life without having figured out the meaning of money is… well, no different than living and exiting the planet like an animal.
Stupid money has not found its purpose. Stupid money meets the needs of this life but does nothing for the rest of one’s life in eternity. Stupid money focuses on consumption, not multiplication through others.
If smart money has discovered its purpose, what are some of the broad purposes of money? The usual answers include being a medium of exchange, a store of wealth and being “blessed to be a blessing.” In addition to these more obvious things I have found that higher purposes of money include:
The late Bob Buford said, “I want my last check to bounce.” While scripture speaks of leaving an inheritance (and this is wider than finances) you have to admire Bob’s heart to be seriously generous in his lifetime. Smart money always has one eye on eternity while being realistic about the stewardship of capital here on earth. Smart money is at work when capital meets eternity.