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Millionaire Athletes Going Broke

I just recently watched ESPN’s 30 for 30 series titled “Broke”. Essentially it is a documentary on athletes who have made hundreds of millions of dollars but are flat out broke.  I am by no means a financial expert, but feel that I could give wise counsel to almost all of the situations discussed. This counsel wouldn’t come from me, but would come from God’s word. Had these athletes followed a biblical worldview of handling their finances, I believe their lives would look completely different.

Let me preface this by saying that I am not trying to come off as judgmental (I know I’ve made my fair share of mistakes and my mistakes don’t show up on Sports Center or USA Today!)- my intention is to show that God’s word is applicable not only to the average “Joe” but to everyone- regardless of income, status, job title or lack of job title. Here are a few thoughts that stuck out to me from watching the show:

  • As an athlete, one of the most humiliating things you can say to an opponent is that you “own” them. It means that they are inferior and that they call the shots. An overriding theme of this documentary was athletes being owned by debt.

 “Just as the rich rule the poor, so the borrower is servant to the lender.” Proverbs 22:7

  • Seeking counsel seemed to be another theme in these athletes financial demise. They either didn’t seek counsel or they sought counsel from people who were self serving.

“The way of a fool is right in his own eyes, but a wise man listens to advice” -Proverbs 12:15

 “The thoughts of the righteous are just; the counsel of the wicked are deceitful.” – Proverbs 12:5

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Update from Howard

Hey Friends!

Here’s what happening:

Radio: Interviewed Wes Perry on the MoneyWise call in program. Wes is the mayor of Midland, Texas, and an Oil and Gas expert. Wanted our listeners to be able to ask him questions about why gasoline was so high at the pump these days. Loved his answer to the question: “Will oil cost $50 a barrel or $150 a barrel?” His answer, “Yes!” The price of oil is unpredictable and volatile.

FPU: Finished co-leading Dave Ramsey’s Financial Peace University (FPU) 13 week DVD series with a class of 22 young couples at our church. It is really well done, and Dave is an amazingly gifted communicator. I”m convinced that people and churches would benefit most by taking FPU and the Compass Navigating Your Finances God’s Way small group study. The strength of FPU is the practical and the strength of Navigating is the biblical financial emphasis. Both are needed.

Prayer request: Please pray for Compass’ president, Dave Rae, who will be traveling and speaking often in India and Asia. Pray for his safety and health and for the Lord to allow this to be an incredibly fruitful time for him with our outstanding leadership in this part of the world.

Think about it and grow: I read Proverbs 119:58 this morning, and it really convicted me. It says, “I have sought your [the Lord’s] face with all my heart, be gracious to me according to your promises.” I am by nature an “A” personality—a busy, activist type person. Too often I jump in to pray and read my Bible and do my work without being quiet and seeking the face of Christ with all my heart. Let’s be quiet and get to know Jesus better.

Love in Christ,
Howard