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Unless otherwise indicated, all Scripture quotations are taken from the King James Version of the Bible. Scripture quotations marked AMPLIFIED are taken from The Amplified Bible, Old Testament copyright © 1965, 1987 by the Zondervan Corporation, Grand Rapids, Michigan. The Amplified New Testament copyright © 1958, 1987 by The Lockman Foundation, La Habra, California. Used by permission. Scripture quotations marked BECK are taken from The Holy Bible in the Language of Today by William F. Beck. Copyright © 1976 by Mrs. William F. Beck. Used by permission. Scripture quotations marked GOODSPEED are taken from The New Testament: An American Translation by Edgar J. Goodspeed. Copyright © 1923 by The University of Chicago. Used by permission. Scripture quotations marked KNOX are taken from The Holy Bible: A Translation from the Latin Vulgate in the Light of the Hebrew and Greek Originals by Monsignor Ronald Knox. Copyright © 1944, 1948, 1950 by Sheed & Ward, Inc., New York. Used by permission. Scripture quotations marked MESSAGE are taken from The Message: The New Testament in Contemporary Language by Eugene H. Peterson. Copyright © 1993 by Eugene H. Peterson. Used by permission. Scripture quotations marked MODERN LANGUAGE are taken from The Modern Language Bible: The New Berkeley Version in Modern English by Gerrit Verkuyl. Copyright © 1945, 1959, 1969 by Zondervan Publishing House. Used by permission. Scripture quotations marked MOFFATT are taken from The Bible, A New Translation. Copyright © 1922, 1924,1925,1926, 1935 by Harper Collins, San Francisco; copyright © 1950, 1952, 1953, 1954 by James A. R. Moffatt; and copyright © 1994 by Kregel Publications, Grand Rapids, Michigan. Used by permission. Scripture quotations marked MONTGOMERY are taken from the Centenary Translation of the New Testament by Helen Barrett Montgomery. Copyright © 1924 by the American Baptist Publication Society. Used by permission. Scripture quotations marked NEW INTERNATIONAL VERSION or NIV are taken from the Holy Bible, New International Version® Copyright © 1973, 1978, 1984 by International Bible Society. Used by permission of Zondervan Publishing House. All rights reserved. Used by permission. Scripture quotations marked NORLIE are taken from Norlie's Simplified New Testament by Olaf M. Norlie. Copyright © 1961 by Zondervan Publishing House. Used by permission. Scripture quotations marked PHILLIPS are taken from The New Testament in Modern English by J. B. Phillips. Copyright © 1958 by J. B. Phillips. Used by permission. Scripture quotations marked RSV are taken from The Revised Standard Version of the Bible. Copyright © 1946, 1952 by the Division of Christian Education of the National Council of the Churches of Christ in the United States of America. Used by permission. Scripture quotations marked TLB or THE LIVING BIBLE are taken from The Living Bible: Paraphrased by Kenneth Taylor. Copyright © 1971 by Tyndale House Publishers. Used by permission. Scripture quotations marked THE NEW ENGLISH BIBLE are taken from The New English Bible, copyright © 1961, 1970 by The Delegates of the Oxford University Press and The Syndics of the Cambridge University Press. Used by permission. Scripture quotations marked THE TWENTIETH CENTURY NEW TESTAMENT are taken from The Twentieth Century New Testament. Copyright © 1900, 1901, 1902, 1903, 1904 by Fleming H. Revell Company. Used by permission. Scripture quotations marked WEYMOUTH are taken from the New Testament in Modern Speech by Richard Francis Weymouth. Copyright © 1978 by Kregel Publications. Used by permission. Scripture quotations marked WILLIAMS are taken from The New Testament: A Private Translation in the Language of the People by Charles B. Williams. Copyright © 1937 by Bruce Humphries, Inc. Copyright assigned 1949 to Moody Bible Institute, Chicago. Used by permission. Scripture quotations marked WUEST are taken from The New Testament: An Expanded Translation by Kenneth S. Wuest. Copyright © 1961 by William B. Eerdmans Publishing Co., Grand Rapids, Michigan. Used by permission. First Printing 2000 ISBN 0-89276-530-5 In the U.S. Write: In Canada write: Kenneth Hagin Ministries Kenneth Hagin Ministries P.O. Box 50126 P.O. Box 335, Station D Tulsa, OK 74150-0126 Etobicoke (Toronto), Ontario 1-888-28-FAITH Canada, M9A 4X3 www.rhema.org Copyright © 2000 RHEMA Bible Church AKA Kenneth Hagin Ministries All Rights Reserved Printed in USA The Faith Shield is a trademark of RHEMA Bible Church, AKA Kenneth Hagin Ministries, Inc., registered with the U.S. Patent and Trademark Office and therefore may not be duplicated. CONTENTS INTRODUCTION.............................................................................VII 1 SEND NOW PROSPERITY............................................................13 2 OUR AUTHORITY IN THE AREA OF FINANCES..................25 3 WAS JESUS POOR?........................................................................43 4 THE PURPOSE OF PROSPERITY................................................63 5 SHOULD PREACHERS PROSPER?.............................................83 6 AVOIDING ABUSES AND FALSE PRACTICES.....................111 7 BALANCE AND SOUND TEACHING.....................................147 8 TWENTY-FOUR PRINCIPLES FROM THE EPISTLES REGARDING MONEY, GIVING, AND RECEIVING................171 9 WALKING IN THE LIGHT.........................................................193 vii I NTRODUCTION "He has the Midas touch" is an expression people sometimes use when describing an ambitious and seemingly successful individual. "Everything he touches turns to gold!" Usually this expression is uttered admiringly, almost enviously, recognizing the skill and good fortune of a person in achieving financial goals and amassing material possessions. According to Greek mythology, Midas was a king who lived in Phrygia in the eighth century B.C. He was very wealthy and had more gold than anyone in the world. He stored the yellow coins and bars in huge vaults underneath his palace and spent many hours each day handling and counting his treasure. But no matter how much gold Midas collected and put into his vaults, it was not enough. He always wanted more, and he spent much of his time dreaming about how to obtain still more VIII | THE MIDAS TOUCH gold. According to the legend, one day a being dressed in white appeared to Midas and granted him a wish. The king instantly wished for the "golden touch"—that everything he touched would turn to gold. The next morning when Midas woke up, he found that his plain linen bedcovers had been transformed into finely spun gold! He gasped with astonishment and jumped out of bed. Then he touched the bedpost, and it turned to gold. "It's true," he cried. "I have the golden touch!" He rushed through the palace, brushing against walls and furniture along the way, all of which turned to gold at his touch. Out in the garden, he went from bush to bush, touching roses and other flowers, smiling as they turned to gold. This is the part of the legend most people remember. Many people seem to be fascinated with the idea of being able to create gold—unlimited wealth—at the touch of a finger. Obviously, this is what people are thinking about when they refer to the "Midas touch." But the Midas myth doesn't end here with everyone living happily ever after. If You Get What You Want, Will You Want What You Get? Finally, tiring from the excitement of touching various items and seeing them turn into gold, Midas sat down to read while he waited for breakfast. But the book he picked up immediately turned to gold. Then when he tried to eat a peach, a spoonful of porridge, and a piece of bread, they each turned into hard golden lumps! Even the water in his cup turned to gold. The king grew alarmed. "If even my food turns to gold, how INTRODUCTION | IX will I ever eat again?" he worried. Just then, Midas' daughter, Aurelia, came into the room. She was the only thing he had loved as much as his gold. Aurelia ran to her father, threw her arms around him, and kissed him. Much to Midas' horror, she grew strangely still and turned from a loving, laughing little girl into a golden statue. The king howled in anguish, overcome by the horror of what was happening before his very eyes. He had gotten what be asked for, but he suddenly realized he didn't want what he was getting. Fortunately, this is still not the end of the Midas myth. There is yet another part to the story. Rediscovering True Riches The being dressed in white suddenly reappeared and asked, "Well, King Midas, are you not the happiest of men?" "Oh, no," moaned the king, "I am the most miserable of all creatures." "What? Did I not grant your wish for the golden touch?" "Yes, but it is a curse to me now," Midas wept. "All that I truly loved is now lost to me." "Do you mean to say that you would prefer a crust of bread or a cup of water to the gift of the golden touch?" asked the glowing white being. "Oh, yes!" Midas exclaimed. "I would give up all the gold in the world if only my daughter were restored to me." According to the myth, the being dressed in white told Midas to go bathe in a certain spring of water that would wash away his golden touch. He was also to bring back some of the water to sprinkle on his daughter and any other objects he X | THE MIDAS TOUCH wished to change back to their original form. So the legendary King Midas gladly gave up his golden touch and rejoiced in the restoration of the simple things of life— family, food, and natural beauty. Midas realized that these are the things that have greater value than gold. The truth is, we do not live in a fairy-tale world. There is no Midas touch or magical formula for material success. But there are opportunities for those who are willing to be diligent and faithful in the work of their mind and hands. And there are biblical principles concerning prosperity and blessing that God honors according to His Word. Finding Balance Between Extremes During my more than sixty-five years of ministry, I have often dealt with the issue of prosperity for believers, insistently emphasizing a balanced, scriptural approach.