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"Rich Ruler" in the Bible: Luke 18:18-27
The story of the rich ruler is a perfect example of the grace that God extends us. The rich young ruler asked Jesus what he must do to inherit eternal life, to which Jesus told him that he must sell all he had and come follow him. The man went away sad because he had much. The crowd confusedly asked how anyone could be saved if this was what was required of them. Jesus replied that with God all things are possible.

http://biblegateway.com/passage/?search=Luke.18.18-27&version=NIV