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Twice Lost

Here is a mistake that you do not want to repeat! There is a story in the Bible about a man who held tightly to his possessions—but in the end—he lost it all. Look at the Parable of The Rich Fool found in Luke, chapter 12.

Loss #1

Here is a man preparing for retirement. His business activity (farming) was very productive. In fact, his land was so productive that he wanted to tear down his old barns and build larger ones just to hold his crops. Pick up the story in verses 18-20: “…and there I will store all my grain and my goods. And I will say to my soul, ‘Soul, you have many goods laid up for many years to come; take your ease, eat, drink and be merry.’” “But God said to him, ‘You fool! This very night your soul is required of you; and now who will own what you have prepared?’”

This very rich man focused all of his energies on accumulating wealth for retirement. But he made a fatal assumption: he assumed he would live long enough to enjoy the fruits of his labor. He lost the ability to enjoy his wealth—but the tragedy does not end here.

Loss #2

Consider Luke 12:21: “So is the man who lays up treasure for himself, and is not rich toward God.” The concept of “laying up treasure” is further explained in Matthew 6:20: “But lay up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal…” The message is clear: You cannot take it with you, but you can send it on ahead.

The rich man missed the principle of “laying up treasure” in heaven. The results were horrific: he lost the ability to enjoy his wealth during his earthly life and he had nothing to show for it in eternity. The second loss was greater than the first.

The parable has lessons for people today. It is easy to focus so intently on preparing for retirement that we miss the most important thing. We take care of ourselves. We are not rich toward God. We build for a comfortable retirement that is not guaranteed. We forget to help build the Kingdom. We get lost—twice.

The views are those of Bruce Olmstead and not those of Summit Brokerage Services. Investments in securities do not offer a fix rate of return. Principal, yield and/or share price will fluctuate with changes in market conditions and, when sold or redeemed, you may receive more or less than originally invested.  No system or financial planning strategy can guarantee future results