Bible Summary:

After the birth of Joseph, Jacob asks his uncle Laban to let him return home to Canaan with his wives, children and earnings.  Laban asks him to name his wages.  Jacob says he has made Laban’s flocks prosper and does not want wages.  Instead, he would like all the black lambs and spotted and speckled goats.  Laban agrees.

Laban tries to trick Jacob, removes the blemished animals, and has his sons take them three-days journey away.  Jacob uses stripped tree branches to entice the remaining unblemished animals to mate, which results in streaked, speckled and spotted offspring. Furthermore, Jacob entices healthy animals to breed but not the weak.  Soon, Jacob owns all the healthy flocks and Laban is left with weak animals.  Jacob becomes very wealthy with many flocks, slaves, camels, and donkeys.

My Thoughts:

Smarts beat Tricks: I think the morals of this story are to be smart about your actions in life and that playing tricks on people will come back to bite you some day.  Jacob is very knowledgeable about breeding, which allows him to get his agreed wage after Laban tries to trick him.  Of course, you might say Jacob just “out-tricked” him.

Assets over Income: The most important lesson from this story is that assets are more important than income.  Assets, like the livestock of old, will continue to produce value for you long after the income is spent.  All the rich people of the world understand this rule and guard it with their life.  Why do you think there is an income tax and not an asset tax?