READ : Proverbs 13:7-11
“Wealth gained hastily will dwindle, but whoever gathers little by little will increase it.” (v. 11)
Item one: William Wise, a former hockey-team owner, was arrested as the prime player in an $80 million Ponzi scheme. Clients were offered supposedly sound certificates of deposit with a rate of return four times that of bank-issued CDs. None of the investor funds were ever invested.
Item two: By the early 1980s Jim Bakker had a satellite system to distribute their network, Praise the Lord, 24 hours a day. Contributions from viewers exceeded $1 million a week, with proceeds going to expanding the mission of The PTL Club.
Fast forward to the weekend of April 4, 2009. Auctioneers in San Francisco put 15,000 hours of original PTL Club videotapes up for bid. The complete set of Jim and Tammy Bakker in action drew no bids and zero dollars.
In sharp contrast to the above, consider Albert Lexie, who in the past thirty years has given over $90,000 to Pittsburgh’s Children’s Hospital. All of it was earned and saved, day by day, from tips he was given for polishing shoes in the hospital and other businesses.
How good are you at resisting “get rich quick schemes”?
Lord, give me wisdom as a manager of your money. Amen.