Wednesday, July 30, 2014

When Penney's Went Bankrupt

By Allen White

Tell them to use their money to do good. They should be rich in good works and generous to those in need, always being ready to share with others. By doing this they will be storing up their treasure as a good foundation for the future so that they may experience true life. 1 Timothy 6:18-19

James Cash Penney, a.k.a. J.C. Penney, was known to be a very generous man to his church and to charitable institutions. When the Great Depression hit, Penney went bankrupt. Everything he had built was lost.

A reporter asked Penney if he regretted having given so much to charity and to God’s work now that he was out of business. Penney replied, “Absolutely not. The money I gave away is still doing some good. All of the money in the business is lost.”

Jesus encouraged His disciples to “store up for yourselves treasures in heaven…” (Matthew 6:20, NIV). Why? I don’t think we’ll need a bank account in Heaven or an ATM card for that matter. Storing up treasures in Heaven is not a transfer of wealth. It’s a transfer of trust. What do you trust in more: the size of your bank account or your Heavenly Father? You can’t trust both.

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