A man’s greatest folly lies not in his abuse of riches, but in his ignorance of those riches he possesses. After purchasing a ranch in West Texas, Ira Yates and his wife, Ann, had difficulty making the mortgage and tax payments. Then Ira had an intuition to allow an oil company to test his land for oil. Crews came and drilled an exploratory well on the ranch. What they found instantly reversed the Yates’ fortune. A large reservoir of oil lay beneath their property, covering an area of over 41 square miles.
Many wells would be drilled on the Yates’ property in the years which followed. At peak production in 1929, five of these wells combined to produce over 112,000 barrels of oil per day. With crude oil selling for approximately $1.19 per barrel in 1929, these five wells produced $133,280-worth of oil per day. This equates to the incredible sum of $1,759,213.64 per day in today’s dollars (calculator.net). Ira and Ann Yates were millionaires. They no longer had to struggle to make ends meet. All they had to do was use the resources they had.
The Christian has a treasure of far greater value than the Yates’ fortune. He has all spiritual blessings in heavenly places (Ephesians 1:3), the immeasurable, unchanging love of God (Romans 8:35–39), acceptance by his beloved Father (Ephesians 1:6), forgiveness from all sins (Romans 8:1), and eternal life in Heaven (John 6:47). All he has to do is claim his inheritance. It would be the greatest folly for him to continue living in poverty — yet that is what far too many Christians do.
If, as a Christian, you lack joy, peace, and contentment, then you are living like a poor millionaire — and I challenge you to start digging. Search the Scriptures, and allow the truth of who you are in Christ to sink in. Start claiming your inherited riches today.
This is all the inheritance I can give to my dear family. The religion of Christ can give them one which will make them rich indeed. — Patrick Henry
Devotional by Pastor Jim Scudder, Jr.