Then Joseph came and told Pharaoh, and said, My father and my brethren, and their flocks, and their herds, and all that they have, are come out of the land of Canaan; and, behold, they are in the land of Goshen. Genesis 47:1

So now Joseph moved his entire family to Egypt, including Jacob, because of the great famine going on in the land. Joseph presented them before Pharaoh and he showed great favor towards them because of Joseph. He told them “settle in the best part of the land”  All this favor because of God!

Think about that, here is a whole family of foreigners receiving the best part of the land because of Gods favor not their own. Not only that, Pharaoh put them in charge of all of his livestock.  This might not seem great by todays standard, but livestock back then was a very valuable commodity

And Jacob blessed Pharaoh, and went out from before Pharaoh. Genesis 47:10

Because of Pharaohs great compassion towards Israel, Jacob blessed him. Remember a blessing is a great fulfilment. We all strive to be blessed by God through Christ, for a man of God like Jacob to bless a man like Pharaoh was significant

And Joseph said, Give your cattle; and I will give you for your cattle, if money fail. Genesis 47:16

When Josephs family arrived in Egypt, many probably thought here comes a bunch of dumb shepherds. However since Egypt was in a great famine (recession) money became obsolete. So the next best thing was livestock. People began selling their livestock to get food for their families. This obviously made Josephs family very important because they took care of all the livestock

Notice how God can take what seems to be a dead end and bless and multiply it for our good

And Joseph bought all the land of Egypt for Pharaoh; for the Egyptians sold every man his field, because the famine prevailed over them: so the land became Pharaoh’s. Genesis 47:20

Eventually the famine got so bad, they nobody had anything left but their land. So Joseph began buying everyone’s land for Pharaoh. And Joseph made a deal, all the crops that everyone grew, they would give Pharaoh 1/5^th and they could keep the rest for their families.

Some may say this was a bad deal for them, however they were all grateful and said “Joseph saved their lives”! (Genesis 47:25)

And the time drew nigh that Israel must die: and he called his son Joseph, and said unto him, If now I have found grace in thy sight, put, I pray thee, thy hand under my thigh, and deal kindly and truly with me; bury me not, I pray thee, in Egypt: Genesis 47:29

So then 17 years went by and the time was coming to the end of Jacobs life. He wanted Joseph to promise him to not bury him in Egypt but bury him in his homeland.  Joseph promised Jacob and this is how the chapter ends