Joel Osteen on Being Your Best Every Day
Lakewood Church Pastor Joel Osteen on how a positive attitude and faith can help you be your best.
Rap superstar Kanye West and televangelist Joel Osteen shared the pulpit Sunday at the latter’s Lakewood Church in Houston but the two can thank the Lord, and the IRS, for their high-profile preaching pair-up.
Continue Reading Below
Last month, appearing on CBS’ “Late Late Show with James Corden,” West said that last year he was $68 million in debt: “This year, I looked up, and I just got $68 million returned to me on my tax returns.”
The reason? "Jesus Christ," the rapper declared.
West’s taxing experience and his finding of faith led him ultimately to Osteen’s church, a former 16,000-seat sports arena that is the former home of the NBA’s Houston Rockets. It was a different type of tax problem that was integral to Osteen’s transforming the arena from a home of hoops to a home of hope.
On the Nov. 10 edition of his weekly half-hour TV show — in an episode entitled “Everything Serves His Plan” — Osteen recalled how one seemingly unconnected event led to Sunday’s superstar team-up.
“A few years after Victoria and I were married, we received an unexpected tax bill in the mail. The person who did our tax returns lived in another state,” Osteen recalled. “He was unfamiliar with a certain law in Texas. Now we owed thousands of dollars.”
The amount owed included big penalties, which Osteen said led to some doubts. “I thought, ‘God, this is not fair.’ I hired a professional, he messed up, now I’m having to pay for his mistakes."
Osteen proceeded to tell his Lakewood congregation as well as his TV viewers that he hired a tax attorney, who eventually after weeks of work straightened out the tax mess. Several years later he was working for his father, the late televangelist John Osteen, in the television department.
“Someone offered us a construction permit for the last full-power television station in Houston,” Osteen said. “A station in a big market, of course, is very valuable but I didn’t know anything about buying a construction permit. Then, I thought I’ll call my attorney friend, the one I met during the tax issue."
KANYE WEST TELLS OSTEEN'S CHURCH HE IS SERVING GOD, NOT MONEY NOW
The attorney guided the Osteens through the process, and within months KTBU-55 was created, hitting the Texas airwaves on July 15, 1998.
“It was three years after that we acquired the Compaq Center,” Osteen said. Acquire, though, may be too strong a word. The Lakewood Church actually signed a 30-year lease with the City of Houston for the arena.
“It was going to cost $100 million to renovate,” Osteen said. “We decided to sell the station. We sold it for a significant profit. Those funds were instrumental in us renovating this facility. But it all started with the tax issue.”
GET FOX BUSINESS ON THE GO BY CLICKING HERE
The Houston Chronicle, noting the sale of KTBU, said Osteen and the church “more than tripled its $8 million investment in the station.” In 2010, Lakewood Church ultimately purchased the Compaq Center for $7.5 million.