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James 1:10 (NIV): But the rich should take pride in their humiliation—since they will pass away like a wild flower.

Why should the rich take pride in their humiliation?

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James 1:10: Why should the rich take pride in their humiliation?

James 1:10 (NIV): But the rich should take pride in their humiliation—since they will pass away like a wild flower.

The rich man can take pride /satisfaction over the fact that he has been brought to see that it is useless to spend his energies in the amassing of wealth. From his new Christlike, humble position he can appreciate the “deceptive power of riches” and the folly of trusting in them.

Mark 4:19 NASB

19 but the worries of the world, and the deceitfulness of wealth, and the desires for other things enter and choke the word, and it becomes unfruitful.

He knows that “the things seen are temporary, but the things unseen are everlasting.” He now looks to the same reward as does the lowly one.​

2 Corinthians 4:18 NASB

18 while we look not at the things which are seen, but at the things which are not seen; for the things which are seen are temporal, but the things which are not seen are eternal.

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Let's see the parallelism in James 1:9-10a

Believers in humble circumstances   ought to take pride   in their   high position. 
but the      rich                     should take pride   in their   humiliation

This is a contrast between the humble and the rich. James reminds the humble people to know their high position in Christ and the rich people to know their humiliation in God's eyes.

James emphasizes the heavenly/vertical perspective. Horizontally speaking, riches are transient as he further explains:

9b since they [the rich with their material wealth] will pass away like a wild flower. 11For the sun rises with scorching heat and withers the plant; its blossom falls and its beauty is destroyed. In the same way, the rich will fade away even while they go about their business.

Near the end of his letter, he again emphasizes the transient nature of physical things in James 4:14

Why, you do not even know what will happen tomorrow. What is your life? You are a mist that appears for a little while and then vanishes.

Rich people should not take pride in their riches. Instead, they should take pride in their humility in Christ who has graciously saved them. Their riches cannot save them.

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