The financial prosperity message
Kenneth E Hagin Snr. of blessed memory was also known to have pioneered the modern day financial prosperity message. He was a great teacher of God’s word. Others preached financial prosperity message before him, but he popularised it. He laid the foundation for the modern day financial prosperity message as we now have it. Kenneth Hagin Snr. affected many lives positively. Every one of us in the charismatic movement drank from the fountain of his ministry through the ‘Word of faith’ publications and many inspiring books which he authored.
Many upcoming ministers all over the world travelled to the United States of America to hear him teach and train them for the end time harvest. He was a man of integrity without scandals and we all loved him. He was a world leader of the charismatic movement with a huge followership from every corner of the globe.
Financial prosperity message
Apart from teaching the word of faith, Papa Hagin (as we fondly called him), also taught the financial prosperity message. He taught about it in many of his books and publications. In “The Midas Touch”, he explained for the last time, how he received the revelation of financial prosperity message. However, over time as he grew old and nearing the end of his stay on this side of eternity, he realised how his protégées have taken the message of financial prosperity which he taught them to the extreme and were doing so many things that are not biblical. To correct the error and the excesses of his followers, he wrote “The Midas Touch”.
The midas touch
The purpose was to warn and correct them. Before the book was released to the public, he called a meeting of some of them and gave them a copy each with a lot of admonition to correct their excesses. I have read the book over and over again and discovered that beyond the excesses, the foundational scripture that Papa Hagin used for the financial prosperity message is wrongly interpreted. The error of that misinterpretation led to his modern day financial prosperity message. In “The Midas Touch”, Kenneth E Hagin (Snr) reinstated this teaching. I believe he was honest with his interpretation, but I also believe he was wrong. The passage is found in II Cor 8:9:
“For ye know the grace of our Lord Jesus Christ, that, though he was rich, yet for your sakes he became poor, that ye through his poverty might be rich.”