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How LDS / Mormons and Catholics view Wealth

LDS/Mormon View on Wealth
The Church of Jesus Christ of Latter-day Saints (LDS) teaches that wealth itself is not inherently good or evil. Instead, it emphasizes the importance of the heart and intentions behind acquiring and using wealth. Members believe that prosperity can be a blessing but must be used responsibly and with a spirit of service. Wealth should be seen as a tool to provide for one’s family, help others, and further God’s work. The LDS doctrine encourages financial self-reliance, tithing, and charitable contributions, viewing these practices as both a duty and a means to develop character and faith.

Catholic View on Wealth
In Catholic teaching, wealth is also not viewed as inherently sinful, but it carries significant moral implications. The Catholic Church emphasizes the preferential option for the poor, advocating that the wealthy have a responsibility to assist those in need. It teaches that material possessions must be used to serve God and others, rather than for selfish or excessive personal gain. The Catholic view underscores the dangers of greed and attachment to wealth, stressing that true fulfillment comes from spiritual wealth and building relationships, both with God and the community.

Comparison of Attitudes towards Wealth
Both LDS and Catholic teachings encourage ethical stewardship of wealth, yet their emphases differ. The LDS perspective focuses on individual responsibility, self-reliance, and prosperity as part of divine blessing, while the Catholic approach highlights social justice, community responsibility, and the moral dangers of wealth. Each tradition ultimately seeks to align the use of financial resources with spiritual values, promoting a balance between material success and moral integrity.

Bible Verses About Wealth

LDS / Mormon

– Mosiah 4:30 – “Watch yourselves, and your thoughts, and your words, and your deeds, and your devotions, and your desires, and your inclinations of your heart…”
– Doctrine and Covenants 56:16-17 – “But behold, I say unto you, that I, the Lord, do will that you should be a steward over these things, and that you should watch over them, that you may be ready in all things…”
– Matthew 6:24 – “No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.”
– Alma 34:32 – “Now is the time to prepare to meet God; yea, behold, the day of this life is the day for men to perform their labors.”
– 1 Timothy 6:10 – “For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”

Catholic

– Matthew 19:21 – “Jesus said to him, ‘If you wish to be perfect, go, sell what you have and give to the poor, and you will have treasure in heaven; and come, follow Me.’”
– Luke 12:33-34 – “Sell your possessions and give to the needy. Provide yourselves with moneybags that do not grow old, with a treasure in the heavens that does not fail…”
– 1 Timothy 6:17-19 – “As for the rich in this present age, charge them not to be haughty, nor to set their hopes on the uncertainty of riches, but on God…”
– Proverbs 11:28 – “Whoever trusts in his riches will fall, but the righteous will flourish like a green leaf.”
– James 5:1-3 – “Come now, you rich, weep and howl for the miseries that are coming upon you. Your riches have rotted and your garments are moth-eaten.”

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Compare Theology

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