In 1928, a group of the world’s most successful financiers met at the Edgewater Beach Hotel in Chicago.
The following were present: the president of the largest utility company, the greatest wheat speculator, the president of the New York Stock Exchange, a member of the President’s Cabinet, the greatest “bear” in Wall Street, the president of the bank of International Settlements, and the head of the world’s greatest monopoly.
Collectively, these tycoons controlled more wealth than there was in the U.S. Treasury, and for years newspapers and magazines had been printing their success stories and urging the youth of the nation to follow their examples.
Twenty-five years later, this is what had happened to these men. The president of the of the largest independent steel company, Charles Schwab, lived on borrowed money the last five years of his life and died broke.
The greatest wheat speculator, Arthur Cutten, died abroad, insolvent. The president of the New York Stock Exchange, Richard Whitney, served a term in Sing Sing Prison. The member of the President’s Cabinet, Albert Fall, was pardoned from prison so he could die at home.
The greatest “bear” in Wall Street, Jesse Livermore, committed suicide. The president of the Bank of International Settlements, Leon Fraser, committed suicide. The head of the world’s greatest monopoly, Ivar Drueger, committed suicide.
All of these men had learned how to make money, but not one of them had learned to live.
Almost half the parables in the New Testament are based on the subject of money. One out of 10 verses to prayer, 500 to faith, and more than 2,000 to money and possessions.
It is not because God needs it. He can do anything he wants without our money. But, He knows if He has that part of our life, He has every part of our life. We should act more as a conduit for God’s blessings. What we keep for ourselves tells God much about our faith in Him and His ability to provide for us.
Remember: it’s not about how much you give — it’s how much you keep.