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It's My Money and I Need It NOW!

Thursday, August 15, 2019

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“It’s my money and I need it now!” – TV commercial for J. G. Wentworth

According to its corporate website, J.G. Wentworth is the nation's largest purchaser of structured settlement payments & annuities. Ironically, what the website doesn’t mention is the fact that the company has twice filed for bankruptcy (2009 and 2017); and was delisted in 2016 by the New York Stock Exchange for failing to meet certain regulatory criteria.

That being said, the premise behind the company’s business plan – and its ubiquitous slogan – is that people shouldn’t have to wait for a financial settlement to be approved or an annuity to mature before they start enjoying the money from it. The same goes for lottery proceeds, which Wentworth is willing to buy from the winners in one lump sum for pennies on the dollar.

What J.G. Wentworth and other similar (I almost said predatory) financial firms count on is a near-universal human desire for “immediate gratification”. Personally, I find that particular impulse to be one of the most destructive.

Another company uses the following advertising jingle, borrowed from the 1989 hit single by Queen: “I want it all, I want it all, I want it all… and I want it NOW!” That was the same approach that Satan used in the Garden of Eden to tempt Adam and Eve. It is still one of his favorite tactics today, which is why premarital sex and out-of-wedlock birth rates are soaring, and people of all ages are getting high on various opioids. And yes, why personal credit card balances are out of control.

Even the U.S. government has fallen prey to this subtle lie. The political hacks in Washington continue to borrow money today in order to pay for something we can’t begin to otherwise afford. And so, the can gets kicked down the proverbial road for our children and grandchildren to deal with some day… with compounded interest.

Oh, how I long for courageous officeholders who will look the American public in the eye and tell them the truth. “We are broke, and it will take us several generations to get our financial house in order. In the meantime, we are tightening our belts and cutting back… starting now!”

Likewise, I hope to see more pastors speak out about gambling, unmanageable debt, extra-marital sex, and other sins that are enslaving people in their pews.

In the meantime, let’s all meditate on the following verses…

“Rest in the LORD, and wait patiently for Him; do not fret because of him who prospers in his way… do not fret, it only causes harm.” Psalm 37:7a & 8b (NKJV)

"The wicked borrows and does not repay, but the righteous shows mercy and gives." Psalm 37:21 (NKJV)

"The rich rules over the poor, and the borrower is servant to the lender." Proverbs 22:7 (NKJV)

“But those who wait on the LORD shall renew their strength; they shall mount up with wings like eagles, they shall run and not be weary, they shall walk and not faint.” Isaiah 40:31 (NKJV)

“To those who eagerly wait for Him He will appear a second time, apart from sin, for salvation.” Hebrews 9:28b (NKJV)

- Rev. Dale M. Glading, President

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