Peter Waldo was a wealthy merchant, well respected and a man of influence, in the community of Lyons. One evening, while entertaining friends at his home, one of them suffered a sudden seizure and died. This incident so shook Waldo that he began to seriously think of his soul and eternity beyond the grave. He began to regularly attend church services, but was not satisfied with the superficial rituals in Latin. He employed two priests to come to his house to translate the Gospels of Christ into French. Waldo was most excited as he read, meditated on and carefully studied the Words of Christ.
Yet, instead of comfort and peace, he found conviction and challenge. He saw himself as the foolish rich man who was laying up treasures on earth, but was spiritually poor towards God. Again and again he read the Words of Christ: “Take heed and beware of covetousness, for the abundance of a man’s life consisteth not in those things which he possesseth” Luke 12:15.