Monk who broke vow of poverty to become money manager now says, ‘God wants you to be a little wealthy’

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“God wants you to be a little wealthy,” says this monk turned money manager.

But perhaps his most surprising transformation is his latest one: that to investment adviser. That’s because for many years, the 46-year-old Santa Fe, N.M., resident and former monk thought money was “the root of all evil … a tool used to manipulate,” he tells MarketWatch.

What did stick, for decades: ordination as a monk. Lynam entered a Benedictine monastery in New Mexico at age 22, and he stayed for roughly 20 years. It was there that he learned just how much money and spirituality intertwine, as guests to the Catholic monastery told of their troubles. Indeed, he writes in his new book “From Monk to Money Manager” that “almost every visitor who came with a spiritual problem also had a financial problem lurking in the background.

The reason: “You can’t live in a capitalist society without money. Money is the power that allows us to have impact in the world. Without it, you face a lifetime of great pain,” he says. One example he uses: Though the fellow monks he lived among had “a great deal of love and compassion, they had no financial savvy, and so they didn’t have the impact on the world they deserved to have. Not having much money left them feeble.

Lynam recognizes that his views may come across as controversial. When I asked him how he reconciled his beliefs about how money and spirituality intertwine with such Bible verses as “Blessed are you who are poor, for yours is the kingdom of God,” he replied: “When we say, ‘Blessed are the poor,’ we bless them because of the suffering they will face. Money isn’t the problem; poverty is.” The Bible was in print, he notes, long before the advent of modern economics.

 

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Lemme guess, he's YT

How does he know?

What about the chastity vow? Yes little wealth can buy you a prostitute too! Several if you do well as a money manager? Why not a harem too? Just don't end up as Epstein! We already have a cardinal in jail in Australia. He handled money too at Vatican ! Cardinal Pell! Enough?

god is this true? Do you need my info?

Didn't know Joel Osteen was a monk.

It's hard to help and provide to others if one is barely making it themselves. Sharing in excess is sharing of blessings.

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