My expertise is accounting. I realized that the most expert accountant ever is our Creator, who keeps the most accurate record books that anyone has ever kept. The result of that record-keeping is noted in the scripture found in Ecclesiastes 12:13, 14: “Let us hear the conclusion of the whole matter: Fear God, and keep His commandments: for this is man’s all. For God will bring every work into judgment, including every secret thing, whether good, or evil.” The righteous Judge will assess the value of every work I have ever performed and determine its worth, weighed against His perfect law.
In secular accounting, there is what I call the master equation: Assets minus liabilities equal net worth. Stated another way, the value of what you own (assets), minus what you owe (liabilities), equals your net worth.
In accounting, things of value are called assets. For example, cash is an asset. Theoretically, any time you spend that cash, you gain something of equal value. It might be another asset, such as food or clothing. It might be a service, such as a doctor’s visit. Or it might be relief from a liability, which decreases your liabilities and increases your net worth. It’s sad to say, but some folks have a negative net worth due to outstanding debts. More about that later.
Fortunately, God does not keep His heavenly records the same way secular accountants do, something we need to recognize if we are to appreciate the value of a soul.
The First Transaction
Inspiration describes the ultimate accounting transaction, the payment of the debt we incurred as the result of Adam’s fall:
“It is at an immense cost that we have been placed on the high vantage ground where we can be liberated from the bondage of sin, which has been wrought by the fall of Adam. … Never can we understand the value of the human soul until we realize the great sacrifice made for the redemption of the soul upon Calvary.” Christ Triumphant, 215. One asset, Christ’s life, was exchanged for another asset, the human soul.
In business law, consideration is “a promise, performance, or forbearance bargained by a promisor in exchange for their promise.” Consideration is the main element of a contract. Without consideration by both parties, an agreement cannot be enforceable.
In the simplest terms, a consideration is the benefit a party to the contract receives from the deal negotiated in the contract. It’s the answer to the question: “What does each party receive by entering this contract?”
A legally binding and legitimate contract must include the consideration, or the expectation of each individual or entity who is a party to the contract.
In most cases, a consideration comes in one of the following ways:
- The promise to do something that you are not already legally obligated to do.
- The promise not to do something that you otherwise would have the right to do.
“Therefore we also, since we are surrounded by so great a cloud of witnesses, let us lay aside every weight, and the sin which so easily ensnares us, and let us run with endurance the race that is set before us, looking unto Jesus the author and finisher of our faith, who for the joy that was set before Him endured the cross, despising the shame, and has sat down at the
right hand of the throne of God.” Hebrews 12:1, 2
Verse 2 sets before us the greatest accounting transaction ever. Christ gave His life, an incredibly valuable asset, for the joy of seeing you and me saved from a life of sin.
Although there was no legal obligation for Christ to pay with His life for my sin, payment had to be made. “For the wages of sin is death.” Romans 6:23. What did Christ purchase by His sacrifice? “Eternal life in Christ Jesus our Lord.”
Hebrews 12:2 shows us the consideration that each party in the agreement included in the contract. Remember, consideration can be a promise to do something you are not legally obligated to do. Christ was not legally obligated to give His life for mine, but He agreed to do so. Our part of the contract is to believe in Him as our Redeemer.
One party to the contract is those involved in easily besetting sin, but who overcome and receive eternal life. The other party to the contract is Christ, who received absolute and inexplicable joy knowing that there are those who have and will accept His sacrifice and have chosen and chose to follow Him, thereby fulfilling both parts (the giving and receiving) of the contract.
“The vows which we take upon ourselves in baptism embrace much. In the name of the Father, the Son, and the Holy Spirit, we are buried in the likeness of Christ’s death and raised in the likeness of His resurrection, and we are to live a new life. Our life is to be bound up with the life of Christ. Henceforth the believer is to bear in mind that he is dedicated to God, to Christ, and to the Holy Spirit. He is to make all worldly considerations secondary to this new relation. Publicly he has declared that he will no longer live in pride and self-indulgence. He is no longer to live a careless, indifferent life. He has made a covenant with God. He has died to the world. He is to live to the Lord, to use for Him all his entrusted capabilities, never losing the realization that he bears God’s signature, that he is a subject of Christ’s kingdom, a partaker of the divine nature. He is to surrender to God all that he is and all that he has, employing all his gifts to His name’s glory.
“The obligations in the spiritual agreement [contract/covenant] entered into at baptism are mutual. As human beings act their part with wholehearted obedience, they have a right to pray: ‘Let it be known, Lord, that Thou art God in Israel.’ The fact that you have been baptized in the name of the Father, the Son, and the Holy Spirit is an assurance that, if you will claim Their help, these powers will help you in every emergency. The Lord will hear and answer the prayers of His sincere followers who wear Christ’s yoke and learn in His school His meekness and lowliness.” Testimonies, Vol. 6, 98, 99
This passage speaks in detail about the covenant, the contract, between God and mankind, and the mutual contractual obligations found in the contract. Mutual obligations are the essence of a legal contract in business law—the consideration of each party in the contract. Our part—acknowledging the supremacy of the Godhead. Their part—providing help in every emergency. And I will assert that this help is not restricted to emergencies. “Let us therefore come boldly to the throne of grace, that we may obtain mercy and find grace to help in time of need.” Hebrews 4:16
The Consideration that Separates
Scripture and Inspiration provide many other examples of this amazing transaction.
“But now the righteousness of God apart from the law is revealed, being witnessed by the Law and the Prophets, even the righteousness of God, through faith in Jesus Christ, to all and on all who believe. For there is no difference; for all have sinned and fall short of the glory of God, being justified freely by His grace through the redemption that is in Christ Jesus, whom God set forth as a propitiation by His blood, through faith, to demonstrate His righteousness, because in His forbearance God had passed over the sins that were previously committed, to demonstrate at the present time His righteousness, that He might be just and the justifier of the one who has faith in Jesus. Where is boasting then? It is excluded. By what law? Of works? No, but by the law of faith. Therefore we conclude that a man is justified by faith apart from the deeds of the law.” Romans 3:21–28
These texts provide at least three examples of an accounting transaction. First, verse 24 states that we are justified by His grace. One thing of value, His grace, provides for another thing of value, our justification.
Verse 25, the transaction with a capital T is noted: God set forth His Son as payment for sins that were previously committed. His payment entitles Him to my service on His behalf.
Verse 28 describes justification as a highly valued asset. It is provided for by faith, another valued asset, given by God to each of us. With exercise, the seed of faith grows into a fruit-bearing plant.
John also makes note of this incredible transaction.
“Beloved, let us love one another, for love is of God; and everyone who loves is born of God and knows God. He who does not love does not know God, for God is love. In this the love of God was manifested toward us, that God has sent His only begotten Son into the world, that we might live through Him. In this is love, not that we loved God, but that He loved us and sent His Son to be the propitiation for our sins.” 1 John 4:7–10
Of course, we find the ultimate transaction in John 3:16.
“For God so loved the world that He gave His only begotten Son, that whoever believes in Him should not perish but have everlasting life.”
This text is the best of many that provide examples of the consideration required for a contract to be considered legal and enforceable in business law. Christ gave His life as payment. In return, our belief in Him is required for the everlasting life provision of the contract to be fulfilled.
Another way—a more painful way—to look at this transaction is that Christ gave His life, and in return, He received my sins and the resultant penalty—the shedding of His blood—required as payment for my sins. A penalty so severe that it caused Him to cry out in agony, “My God, My God, why have You forsaken Me.” Matthew 27:46
It is consideration of the point at which He was separated from His Father by our sins and experienced the second, eternal death that should make us realize the absolute sinfulness of sin and the unavoidable consequences of engaging in it.
The Overcoming Transaction
In Revelation 2 and 3, we are given seven promises as rewards for those who are successful at overcoming. This set of transactions requires the same consideration as our part of the transaction. These are the promises made to the seven churches in Revelation 2 and 3.
To Ephesus, the patient and hard-working, is the promise that they will eat the fruit from the tree of life in the garden of Eden. “When the tide of iniquity overspread the world, and the wickedness of men determined their destruction by a flood of waters, the Hand that had planted Eden withdrew it from the earth. But in the final restitution, when there shall be ‘a new heaven and a new earth,’ it is to be restored more gloriously adorned than at the beginning.” Patriarchs and Prophets, 62. If we are patient and hard-working saints, we then can anticipate the same reward.
To Smyrna, who suffers for Christ’s sake, is promised the crown of eternal life, being spared from the second death. This promise is also made to the saints who bear the characteristics of the Smyrnans and who have overcome the assaults from the synagogue of Satan.
To Pergamos, a two-fold promise is given. The overcomers who maintain their faith, even amid the enemy’s fiery darts, will be privileged to eat of the hidden manna, and Jesus will give a white stone, written with a new name, which no man knows except the one who receives it. It will be interesting to discover God’s assessment of us as He gives us each a new name. I wonder if this will be a name in confidence between each saint and his Maker or if it will be shared with all.
To Thyatira, whose patience exceeds their works and who overcome by doing the works of Jesus until the end, will receive power over the nations. “You shall break them with a rod of iron; You shall dash them to pieces like a potter’s vessel.” Psalm 2:9
To Sardis, the overcomers whose lives are undefiled, reflecting an unspotted character, will receive garments of white, with their names retained in the book of life, and Christ will “confess” their names in heaven, acknowledging their right to be there.
To Philadelphia, the untainted ones who keep God’s command to persevere, He promises to keep them from the hour of trial, which soon will come upon the entire world, testing all who dwell on Earth (Revelation 3:10).
This promise is multi-faceted. He who overcomes, I will:
- make him a pillar in the temple of My God;
- he shall go out no more;
- I will write on him the name of My God;
- give the name of the city of My God, which is New Jerusalem, which comes down out of heaven from My God;
- I will write on him My new name.
To Laodicea, he who overcomes even as I also overcame, will sit with Me in My throne.
“The heavenly temple, the abiding place of the King of kings, where ‘thousand thousands [one million] ministered unto Him, and ten thousand times ten thousand [100 million] stood before Him’ (Daniel 7:10), that temple filled with the glory of the eternal throne, where seraphim, its shining guardians, veil their faces in adoration—no earthly structure could represent its vastness and its glory.” Patriarchs and Prophets, 357
Seven times we are admonished to overcome. What must we overcome?
“There is work, earnest work, to be done for the Master. The evils condemned in God’s word must be overcome. You must individually battle against the world, the flesh, and the devil. The word of God is called “the sword of the Spirit,” and you should become skillful in its use, if you would cut your way through the hosts of opposition and darkness.” Christian Education, 117
“Be strong in the Lord and in the power of His might. Put on the whole armor of God, that you may be able to stand against the wiles of the devil. For we do not wrestle against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this age, against spiritual hosts of wickedness in the heavenly places. Therefore take up the whole armor of God, that you may be able to withstand in the evil day, and having done all, to stand. Stand therefore, having girded your waist with truth, and having on the breastplate of righteousness, and having shod your feet with the preparation of the gospel of peace; above all, taking the shield of faith with which you will be able to quench all the fiery darts of the wicked one. And take the helmet of salvation, and the sword of the Spirit, which is the word of God.” Ephesians 6:10–17
A surface reading of this passage seems to contradict God’s word and inspired writings. Inspiration says that we are to overcome the world, the flesh, and the devil. But Ephesians says that we wrestle not against flesh and blood.
It has been said that these apparent contradictions arise because of our lack of understanding rather than there being an actual contradiction. Note that in Ephesians, the actual phrase states, “… we wrestle not against flesh and blood.” “Flesh and blood” is a commonly-used idiom for people. What Paul is telling the Ephesians is that our warfare is not with other people, but with higher authorities, particularly the rulers of the darkness of this world. Granted, those rulers of darkness use people as their weapons, but it is essential that we realize that our real battle is not with the agents of Satan, but rather with Satan himself. And only the word of God can give us the victory over him.
Inspiration is telling us that the flesh that we must overcome is our own carnal nature, the natural, innate cravings of our physical existence.
It is interesting to note how often in both Scripture and the Spirit of Prophecy our natural character, the one we are born with, is spoken of as fallen, impure, and corrupt. Nowhere, exactly nowhere, in either source of divine enlightenment, is it stated or even implied that we are born completely innocent and pure and that at some indeterminate point our characters suddenly become corrupt. What is often termed as the “age of accountability” should more correctly be viewed as the point at which we realize that we are sinners, not by action alone, but also by nature. That our sinful actions are simply an outward display of our inward condition.
“Brood of vipers! How can you, being evil, speak good things? For out of the abundance of the heart the mouth speaks. A good man out of the good treasure of his heart brings forth good things, and an evil man out of the evil treasure brings forth evil things.” Matthew 12:34, 35
“But those things which proceed out of the mouth come from the heart, and they defile a man.” Matthew 15:18
“ ‘How degenerate is your heart!’ says the Lord God, ‘seeing you do all these things, the deeds of a brazen harlot.’ ” Ezekiel 16:30
“The propensities that control the natural heart must be subdued by the grace of Christ before fallen man is fitted to enter heaven and enjoy the society of the pure, holy angels.” The Acts of the Apostles, 273
“When the word of God is set aside, its power to restrain the evil passions of the natural heart is rejected. Men sow to the flesh, and of the flesh they reap corruption.” Christ’s Object Lessons, 41
“… the evil tendencies of the natural heart can be overcome only by earnest effort in the name and strength of Jesus.” Ibid., 56
“The servants of Christ are not to act out the dictates of the natural heart.” The Desire of Ages, 353
“And you He made alive, who were dead in trespasses and sins, in which you once walked according to the course of this world, according to the prince of the power of the air, the spirit who now works in the sons of disobedience, among whom also we all once conducted ourselves in the lusts of our flesh, fulfilling the desires of the flesh and of the mind, and were by nature children of wrath, just as the others.” Ephesians 2:1–3
Clearly, the natural heart is imbued with Adam’s sinful character.
A Transaction by Faith
Matthew 9, Mark 5, and Luke 8 all detail another interesting transaction involving Jesus.
“On the way to the ruler’s house, Jesus had met in the crowd a poor woman who for twelve years had suffered from a disease that made her life a burden. She had spent all her means upon physicians and remedies, only to be pronounced incurable. But her hopes revived when she heard of the cures that Christ performed. She felt assured that if she could only go to Him she would be healed. In weakness and suffering, she came to the seaside where He was teaching, and tried to press through the crowd, but in vain. Again she followed Him from the house of Levi-Matthew, but was still unable to reach Him. She had begun to despair, when, in making His way through the multitude, He came near where she was.
“The golden opportunity had come. She was in the presence of the Great Physician! But amid the confusion she could not speak to Him, nor catch more than a passing glimpse of His figure. Fearful of losing her one chance of relief, she pressed forward, saying to herself, ‘If I may but touch His garment, I shall be whole.’ As He was passing, she reached forward, and succeeded in barely touching the border of His garment. But in that moment she knew that she was healed. In that one touch, was concentrated the faith of her life, and instantly her pain and feebleness gave place to the vigor of perfect health.
“With a grateful heart she then tried to withdraw from the crowd; but suddenly Jesus stopped, and the people halted with Him. He turned, and looking about asked in a voice distinctly heard above the confusion of the multitude, ‘Who touched Me?’ The people answered this query with a look of amazement. Jostled upon all sides, and rudely pressed hither and thither, as He was, it seemed a strange inquiry.
“Peter, ever ready to speak, said, ‘Master, the multitude throng Thee and press Thee, and sayest Thou, Who touched Me?’ Jesus answered, ‘Somebody hath touched Me: for I perceive that virtue is gone out of Me.’ The Saviour could distinguish the touch of faith from the casual contact of the careless throng. Such trust should not be passed without comment. He would speak to the humble woman words of comfort that would be to her a wellspring of joy—words that would be a blessing to His followers to the close of time.
“Looking toward the woman, Jesus insisted on knowing who had touched Him. Finding concealment vain, she came forward tremblingly, and cast herself at His feet. With grateful tears she told the story of her suffering, and how she had found relief. Jesus gently said, ‘Daughter, be of good comfort: thy faith hath made thee whole; go in peace.’ He gave no opportunity for superstition to claim healing virtue for the mere act of touching His garments. It was not through the outward contact with Him, but through the faith which took hold on His divine power, that the cure was wrought.
“The wondering crowd that pressed close about Christ realized no accession of vital power. But when the suffering woman put forth her hand to touch Him, believing that she would be made whole, she felt the healing virtue.” The Desire of Ages, 343–347
Her faith called forth Christ’s virtue—His healing power. Christ offered her healing; she believed she would be healed, and she was. Healing had been acquired by faith.
I who have nothing and owe what I can never repay, am loved by He who has everything and was willing to sacrifice it all to pay what I could not. My value is now seen by the light that illuminates His blood-stained face, His nail-scarred hands, and His voice that cried out—for me—“It is finished.” My part in this transaction is to believe, surrender, and obey. God’s is to redeem and transform.
John R. Pearson is the office manager and a board member of Steps to Life. He may be contacted by email at johnpearson@stepstolife.org