The Woz on money...

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If you don't follow the Woz, you ought to. He and the late Steve Jobs were co-founders of Apple, but Steve Wozniak is the anti-Jobs. Down-to-earth and self-effacing, when Woz has something to say, it's usually worth hearing. Take for instance his views on money.

This from CNBC this past week...

Apple co-founder Steve Wozniak is a Silicon Valley legend... but his attitude toward money is surprisingly different from that of most of his peers.

In a recent interview with Fortune, the tech icon shares his straightforward investing strategy, which is to avoid it and to keep his distance from finance altogether.

"I do not invest. I don't do that stuff," Wozniak tells Fortune. "I didn't want to be near money, because it could corrupt your values."

Wozniak says he doesn't like the growing Silicon Valley trend of "engineers as rock stars," a construct that didn't exist at the time he was helping build Apple: "Mostly it's because of how much money they have — and I went the other way. I did not want to be one of them."

[Woz is] worth an estimated $100 million. By contrast, Steve Jobs, Wozniak's Apple co-founder, was worth around $10.2 billion when he passed away in 2011.

Then this:

One initial reason for this divergence in net worth is Wozniak's disinterest in money from the start. Back in 1980, he offered $10 million of his own stock to early Apple employees, something Jobs refused to do. He later called the move "the right thing" to do.

Yeah, $100 million is a lot, but compared to his peers, were so inclined Woz could be suffering relative deprivation.

Our Lord commanded us:

Do not store up for yourselves treasures on earth, where moth and rust destroy, and where thieves break in and steal. But store up for yourselves treasures in heaven, where neither moth nor rust destroys, and where thieves do not break in or steal; for where your treasure is, there your heart will be also. (Matthew 6:19-21)

Are you giving your treasure to the Lord or hording it for yourself and your children? Which is to say, are you an obedient or disobedient son?

Tim Bayly

Tim serves Clearnote Church, Bloomington, Indiana. He and Mary Lee have five children and big lots of grandchildren.

Want to get in touch? Send Tim an email!