Investment

Posted: July 20, 2011 by John D. Hayden in Basketball

This past week the death of an investment adviser who founded a prominent Houston area basketball program reveled financial details about a handful of coaches. David Salina’s apparent suicide on Sunday came not long after the United States Securities and Exchange Commission began investigating him for defrauding clients out of millions of dollars.

Among some of the coaches the report confirmed invested with him included Lue Olson, Billy Gillispie, and Scott Drew. What makes this a bigger story is that those coaches who invested with Salina’s may lose more than money. The NCAA will surely be interested in the connection of coaches and the founder of a summer program that produced standouts at each of the universities where these coaches coach at. These coaches invested millions of dollars and were shocked to find out that he defrauded them.

What are we investing our lives into? The Bible clearly states in 1 Timothy 6:9-10 that,” Now there is great gain in godliness with contentment, 7for we brought nothing into the world, and[a] we cannot take anything out of the world.8But if we have food and clothing, with these we will be content. 9But those who desire to be rich fall into temptation, into a snare, into many senseless and harmful desires that plunge people into ruin and destruction. For the love of money is a root of all kinds of evils. It is through this craving that some have wandered away from the faith and pierced themselves with many pangs.”

Now I’m not saying it is wrong to invest our money but we need to make sure what we are investing in. One coached that, “he isn’t concerned about the NCAA right now, he’s just scared he got Madoffed.” Jesus said in Matthew 6:19, “Do not store up for yourselves treasures on earth, where moths and vermin destroy, and where thieves break in and steal. 20 But store up for yourselves treasures in heaven, where moths and vermin do not destroy, and where thieves do not break in and steal. 21 For where your treasure is, there your heart will be also.”

Let us make sure we are storing up treasures in heaven because where our treasure is, our heart will be also.

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Comments
  1. Hilary Ray says:

    Sadly, so many people have the idea that what surrounds them gives them status, without realizing this earthly *high* they receive from their things won’t last. Some day, all will pass away and what will be left? If they no longer have their prizes around them, what will proclaim their worthiness? If one places extreme value in material goods, without them, there is nothing. That is a very sad thought to me..that some will one day come to the realization (probably too late, too) that stripped to their spirit, they have absolutely nothing to offer up. No love, no generosity, no kindness..no worthwhile values accumulated and polished here on earth because they spent all their time idolizing money/possessions/etc. Everything they sought was in vain. 😦

    • Hilary,
      Thanks a bunch for reading our blog. Ricky and I are very passionate about sports and our relationship with Christ. Putting the two together is a blessing. Thanks for all your encouragement.

  2. Hilary Ray says:

    Is there a way to have new articles posted directly to my facebook wall??? I only see the share ability but have to actually visit the article to use it. I’d love to get new ones auto posted to my wall so I don’t forget about them! lol

  3. Ricky Keeler says:

    We could tag u on Facebook when we make a post on FB, but the site doesn’t have an actual facebook just yet.

  4. Hilary Ray says:

    That would be great 🙂

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