Faith & Finances with Rex Mendoza

Rex Mendoza, president of Rampver Financials, graced his wisdom to a group of young adults last August 28, 2020, via a zoom event on the topic of Faith & Finances.

The zoom event was organized by the Young Adult Ministry (YAM) of St. Alphonsus Liguori Parish of Brgy. Magallanes, Makati. We covered the general topic of personal finance, money management, and how it relates to the Christian faith. 

Mr. Rex Mendoza is a highly sought after speaker on the topic of personal finance and it was great to hear him share his knowledge which I’ll share here along with my own personal reflections and understanding. 

The Concept of Money and Wealth from a Christian Perspective

It’s important to get the concept of money right in its relation to one’s faith. There is a famous adage: ‘Money is the root of all evil’. But there needs to be more discussion surrounding money management and wealth accumulation.

Rex MMoney is not bad per se–It is the love of money that is evil. 

  • It is a means to an end

Money is a means to an end, i. It’s something we accumulate and use. Money is a necessary tool to be able to buy and sell goods and services and to accomplish certain life goals. Decisions made in acquiring and spending money reveal our values a lot more than the number attached to our bank account. Money is never the end goal.

  • It magnifies who you already are

Just having money is in itself an unremarkable thing. Winning the lottery gives a temporary sensation of elation and spending that money gives pleasure. But by winning the lottery, you are just the same person you were before, just with a bigger bank account. 

Rex makes the point that who you are – your character – is not fundamentally changed by the fact of having more money. An irresponsible person will not become responsible with the possession of money. He may be able to pay debts but this is a temporary fix for bad external circumstances. He will run into the same problem – getting into debt – if he does not change his character. Money only magnifies who you already.

Read more: Money with Purpose – Finding your WHY

  • God is the source of all wealth 

Rex believes that effort alone is not enough to become rich. You also need talent and opportunity. The amount of your effort is a matter of choice and discipline to follow through. But talent and opportunity are divinely ordained. 

5 Bible Verses on Money and Wealth

The Bible is rich with passages on practical advice on investments and wealth.

  1. Save and Invest. There will come a rainy day. Strive for meaningful abundance. 

Ship your grain across the sea; after many days you may receive a return. Invest in seven ventures, yes, in eight; you do not know what disaster may come upon the land. (Ecclesiastes 11:1-2) 

  1. Optimize. To build, create and grow is a responsibility. 

Lazy hands make for poverty, but diligent hands bring wealth. He who gathers crops in summer is a prudent son, but he who sleeps during harvest is a disgraceful son. (Proverbs 10:4-5) 

  1. Giving gives meaning to abundance. 

Each of you should give what you have decided in your heart to give, not reluctantly or under compulsion, for God loves a cheerful gGive, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.” (2 Corinthians 9:7)

  1. Giving creates a continuous flow.

Give, and it will be given to you. A good measure, pressed down, shaken together and running over, will be poured into your lap. For with the measure you use, it will be measured to you.” (Luke 6:38)

  1. Tithe and Give. We can never outgive God. 

Bring the whole tithe into the storehouse, that there may be food in my house. Test me in this,” says the Lord Almighty, “and see if I will not throw open the floodgates of heaven and pour out so much blessing that there will not be room enough to store it. (Malachi 3:10)

Honor the Lord with your wealth, with the firstfruits of all your crops (Proverbs 3:9) 

Earning Money 

Most people earn income actively, by working a job.

Rex Mendoza advises getting passive sources of income. In addition to a salary income, you can get other streams of income. These passive streams of income are: profits, rents, royalties, interests, dividends,, and capital gains.

Publishing a book, for example, earns you royalties on book sales. Finding passive sources of income like royalties allows you to earn while you sleep.  (Read: 8 Income Streams of Millionaires)

Think of ways where you can turn your savings into capital for money making investments. 

Objectives of Wealth

There has to be a purpose to the acquisition of riches.

Waiting until you get rich to decide how to spend it is a losing game. In climbing from the bottom of Maslow’s hierarchy of needs, it often feels like a trivial exercise to think about a purpose for earning more money. Of course, it’s to put food on the table and secure the economic future for oneself and one’s family. We want to become rich to buy our dream car and our dream house and go on our dream vacation. 

There’s nothing wrong with a big house and a nice car but chasing ambitious material goals for a long time can make us lose sight of what truly matters – our relationship with God and with other people. Even if you achieve the desired level of material security early on in life, early success can have its drawbacks because pride gets you searching for the “next thing.” 

Know what truly gives you fulfillment.

Write down your life goals and what you want to achieve in the next few years, and within the decade. By setting goals you are able to keep your eyes on the ball and you’ll know how much is enough for you to be happy. By acquiring passive income streams you are able to (eventually) get off the treadmill of a salaried occupation and be independent of institutions, which can expand your perspective on the world. 

Rex Mendoza also mentions legacy as an objective of wealth. Legacy includes how people remember you after you pass. Legacy is the ultimate in life planning because it takes into account what you leave others. 

Read more: Money with Purpose – Finding your WHY

Q&A with Rex Mendoza

  1. What do you see are good businesses in the new normal? 

Engaging in e-commerce or doing something online is a good way to make money in the new normal. Young people should take advantage of skills in the digital age. 

Also Read: Investing and Earning During a Crisis

  1. What’s your view of the impact of artificial intelligence on the economy? 

More and more functions of Business Process Outsourcing (BPO) will be replaced by A.I. Workers have to re-skill so they can do higher value work. 

It will be a good idea to work on your sales and relationship building skills which will also be valuable in the gig economy. Being not just good but great at your job means you don’t have to worry about being replaced by A.I. 

  1. What do you think of investing in real estate? 

The sellers in the primary market will be fine but the sellers in the secondary market are in trouble right now.

When it comes to pre-sale of property from condominium developers, for example, you can find good deals with longer payment terms. 

Sellers in the secondary market find it hard to sell their property at a good price for them. Take advantage of opportunities when you find them. 

  1. What do you think of Real Estate Investment Trusts (REIT)? 

REITs are a good way to invest in real estate without actually owning the title to the land. REITS are offered by companies like Ayala and Double Dragon and have only come out this year in the Philippines. 

With Ayala REITs for example, it’s like you are entering the leasing business with Ayala as your partner. Ayala will manage the properties for you. You take part in the rental income that the Ayala properties generate. 

Think of REITs as a hybrid between fixed income and stocks. 

  1. How to earn more and save more money? 

You need to have a financial plan. In terms of thinking of ways to earn more, I always ask people what they do in their spare time. Instead of watching Netflix, you can educate yourself on personal finance and start your own financial plan. 

Read: Investing and Earning during a Crisis

Final Thoughts

Similar to the advice given during the global financial crisis of 2009, crisis means opportunity because it pushes us out of our regular tracks. This is something frightening but can be a catalyst for learning new skills, working on sidelined plans, or finding opportunities that weren’t as obvious in more comfortable times. 

Let us open our ears and our hearts to God’s voice speaking to us in seemingly precarious times. We all have a role to play in God’s plan and with the lessons learned, we will live a life of abundance, materially and spiritually.


Kenneth writes about life and law. He is a lawyer that specializes in civil and criminal litigation, contracts, immigration law, and intellectual property law. He worked in Metro Manila for three years before starting his own law office Varona Law in 2020.

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2 thoughts on “Faith & Finances with Rex Mendoza”

  1. Hi Kenneth,

    Thanks for this. You have awesome writing skills! While I have written 2 books, I’m still more comfortable speaking than writing.

    I’d like to ask your permission to share this link/piece on our platforms. I want many more people to be blessed with what I’ve shared -through the masterful and powerful writing that you have done. Thanks.

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