Other People’s Money 1

I’m Miriam Neff, and I’m Valerie Neff Hogan, with Wise Women Managing Money.

M A highly paid NFL quarterback wrote about family members who used him as their ATM.  His worth shrank and he watched them waste his gifts. The most outrageous was his mother asking him for one million dollars he owed her for raising him.  Folks with less can make the same mistakes.

V Scripture is clear that we should work to support ourselves, not accumulate debt, and not take advantage of other people.  Authors of The Millionaire Next Door, Stanley and Danko call those dependent on Other Peoples’ Money or OPM.  They also speak of folks dependent on EOC, Economic Outpatient Care. 

M Simply following God’s plan, work and live on that income, would stop the dependence on Other People’s Money and Economic Outpatient Care.