Can you earn $100 million dollars and be broke?

After four decades of TV stardom, David Hasselhoff says he cannot pay court-ordered alimony.Can you earn $100 million dollars and be broke?

He claims that he’s only got $4,000 in cash to make his monthly $21,000 payments to ex-wife Pamela. She claims that is impossible because he has over $100 million in earnings.  While we will have to wait for the courts to determine if David is broke and whether Pamela will get her quarter of a million dollars in annual alimony, there are lessons to be learned here. 

First, divorce is very expensive. Never believe you will be better off if you get a divorce. The average divorce in America causes a steep dive in overall net worth for both the husband and wife. The Bible says God hates divorce and for anyone who has been through it, you understand why he said it. 

Second, while celebrities earn lots of money we continually read of stories of them going broke. Proverbs 13:11 says, “Wealth gained hastily will dwindle, but whoever gathers little by little will increase it”. While it looks and sounds glamorous to hit it big in TV, in the movies, or through sports or any other means to earn large sums of money overnight, it is normally very difficult to maintain and preserve. 

The point of this story is this: If you earn you income, little by little, you are blessed and more likely to increase it over time than those who gather in large sums all at once. Isn’t that a good reason to be thankful today?

And don’t forget that understanding how you view money and its purpose is as important as budgeting. I invite you to take the freeMoneyLife Indicator assessment at Crown.org to learn more about yourself. The questions and answers in this tool will help you uncover hidden challenges that may be keeping you in financial bondage. You can change your life, and Crown can help. Find the free MoneyLife assessment at Crown.org. 


Chuck Bentley

Chuck BentleyFor over a decade, Chuck has traveled the world teaching biblical financial principles to the affluent, middle class, poor and ultra poor. As host of the daily national radio broadcast, My MoneyLife™, Chuck connects with all generations and inspires his audience with a strong scriptural emphasis.
Following in the footsteps of Crown’s cofounders, Howard Dayton and the late Larry Burkett, Chuck has assumed the mantle of a strategic organization, founded in 1976, that now reaches around the world with staff on every continent, a media presence throughout North and South America, and books and materials serving the spiritual and financial needs of all people, regardless of their economic condition. Crown’s outreach impacts individuals, families, churches, and businesses through the joyful, liberating biblical truth of making and managing money so that God’s purposes for one’s life can be fulfilled.
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Larry Burkett: How Much Will You Leave Behind?

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