Home > Make Money, Money Talk, Salt and Light, Self Help, Why I Believe In God > How To Live During Global Financial Crisis

How To Live During Global Financial Crisis

In light of the impending global economic crisis courtesy of the US economy, how should a Jesus freak, like me, live?

(1) Is this a time to be afraid? And (2) What should I do?

Like life, there is a cycle for economic activity, a time for a great economic boom, and a time for crisis too.

In the Philippines, I heard there is at least one economic crisis every decade. In the 70’s, it happened on 1975 triggered by oil.  In the 80’s it happened after Aquino was assassinated on 1983. On the 90’s it started at around 1997 or 1998 brought about by financial speculators. And we are about to face another one in a global magnitude.

This, however, should not be a cause for Christians to be afraid.

Why? Because this is an opportunity for the transfer of wealth to take place.

A good man leaves an inheritance for his children’s children, but a sinner’s wealth is stored up for the righteous. Proverbs 13:22

When a person is saved by grace thru Jesus, and forgiven, s/he is a changed wo/man. This set in motion the  principles of prosperity to work.  a changed behavior = changed lifestyle = wealth accumulation or transfer

  1. God changes the heart
    • I will give you a new heart and put a new spirit in you; I will remove from you your heart of stone and give you a heart of flesh. -Ezekiel 36:26-
  2. God gives the ability to produce wealth
    • But remember the LORD your God, for it is he who gives you the ability to produce wealth, and so confirms his covenant, which he swore to your forefathers, as it is today. - Deuteronomy 8:18-
  3. God gives wealth
    • The blessing of the LORD brings wealth, and he adds no trouble to it.  -Prov. 10:22-

Prosperity is a process, it does not happen overnight. You don’t become a Christian today and become a millionaire tomorrow. Prosperity and/or transfer of wealth takes time, obedience, discipline and generosity.

I remember my complaint to God in prayer years ago. I asked  ” why those who are non believers are rich and famous but those who followed Him are not, and worse,  tagged as losers?”

Nahhh, I grew up and know a little better now, I understand the game isn’t  over yet.

Other people worked hard to build houses, store treasures, collect cars, earn money, build a business empire and more, so that one day, maybe the next generation, will either sell a portion of these or whole to    believers or Jesus freaks at cheap prices, who has become powerful and influential over the years.

Hard to swallow?

But this is a fact. During hard times, for whatever reasons, some people goes bankrupt. Because they need to be liquid, they dispose some of their assets at prices that is half of the purchase or market price. From the least valuable ones, and as the crisis deepens, to the most valuable ones. Even non believers who “recognize” this principle can benefit during hard times.

Now let me answer the 2nd question, how Christians should live during economic crisis?

Generally speaking we should read the signs and be wise.

The prudent see danger and take refuge, but the simple keep going and suffer for it. -Prov 27:12-

  1. If one has a job, don’t quit your job. Better yet, protect your job.
    • For even when we were with you, we gave you this rule: “If a man will not work, he shall not eat.”  2 Thes 3:10
  2. If you have a business, look for un tapped opportunity, increase productivity, get rid of unnecessary expense and remove dead wood.
  3. If you have money in the bank, spread your savings in several banks to ensure your money is covered by insurance.
  4. Check the fine prints of your loans, mortgages,  pre need, to enure you are safe and not in floating interest.
  5. Do not consume everything you earn, save and/or invest
    • Isaac planted crops in that land and the same year reaped a hundredfold, because the LORD blessed him. -Gen 26:12-

Being kind and merciful will work well for believers, too.

Blessed are the merciful, for they will be shown mercy. -Matt 5:17-

Now to Jesus freaks who are a little prosperous now, these reminders are for you.

  1. Focus on the blesser and not the blessing
    • 7 “But blessed is the man who trusts in the LORD, whose confidence is in him.  8 He will be like a tree planted by the water that sends out its roots by the stream. It does not fear when heat comes;its leaves are always green. It has no worries in a year of drought and never fails to bear fruit.” - Jer. 17:7-8 -
  2. Be patient, the best comes last
    • During hard times, the bankrupt people disposed of the less valuables first. Don’t spend your money yet, because the most valuable are disposed of last.

To believers who just began their journey towards prosperity and whose main concern now is just survive, these encouragement is for you

  1. Build your faith and believe on the promises of God
    • You will be made rich in every way so that you can be generous on every occasion, and through us your generosity will result in thanksgiving to God. -2 Cor 9:11 -
    • Education, family line and physical appearance is not a pre requisite to prosperity
  2. Stop the “blame mentality”
    • illustration: the people of Israel who blamed God and their leaders for their poverty.
    • 1 The whole Israelite community set out from the Desert of Sin, traveling from place to place as the LORD commanded. They camped at Rephidim, but there was no water for the people to drink. 2 So they quarreled with Moses and said, “Give us water to drink.”Moses replied, “Why do you quarrel with me? Why do you put the LORD to the test?” 3 But the people were thirsty for water there, and they grumbled against Moses. They said, “Why did you bring us up out of Egypt to make us and our children and livestock die of thirst?” - Exo 17:1-3 -
  3. If you can’t find a work that you like, find a job that you don’t like.
  4. Learrn from the widow of Zarephath
    • Some time later the brook dried up because there had been no rain in the land. As she was going to get it, he called, “And bring me, please, a piece of bread.” Then the word of the LORD came to him: “Go at once to Zarephath of Sidon and stay there. I have commanded a widow in that place to supply you with food.” So he went to Zarephath. When he came to the town gate, a widow was there gathering sticks. He called to her and asked, “Would you bring me a little water in a jar so I may have a drink?”12 “As surely as the LORD your God lives,” she replied, “I don’t have any bread—only a handful of flour in a jar and a little oil in a jug. I am gathering a few sticks to take home and make a meal for myself and my son, that we may eat it—and die.”13 Elijah said to her, “Don’t be afraid. Go home and do as you have said. But first make a small cake of bread for me from what you have and bring it to me, and then make something for yourself and your son. 14 For this is what the LORD, the God of Israel, says: ‘The jar of flour will not be used up and the jug of oil will not run dry until the day the LORD gives rain on the land.’ “15 She went away and did as Elijah had told her. So there was food every day for Elijah and for the woman and her family. 16 For the jar of flour was not used up and the jug of oil did not run dry, in keeping with the word of the LORD spoken by Elijah. - 1 Kings 17: 7-11 -
    • Give to God no matter how little you got.

This thoughts are application to the teaching of Dr. David Sumrall at Cathedral of Praise on Sept. 21, 2008. You may download his teaching here and look for  “looking at the days ahead” file.

AD: Need light during emergency or crisis situations?
Crank Flashlight is the answer

Spread The Word:
  • Digg
  • del.icio.us
  • Reddit
  • SphereIt
  • Technorati
  • StumbleUpon
  • BlinkList
  • blogmarks
  • BlogMemes
  • Blogsvine
  • Facebook
  • Google
  • LinkedIn
  • Live
  • MySpace
  • Ping.fm
  • Print this article!
  • Sphinn
  • Spurl
  • TailRank
  • ThisNext
  • TwitThis
  • Yahoo! Buzz

Sonnie Make Money, Money Talk, Salt and Light, Self Help, Why I Believe In God , , , ,

  1. September 23rd, 2008 at 07:41 | #1

    That was a very nice teaching by Pastor Sumrall. I’m glad I was there and got to hear it myself. Thank you sir for sharing it here. God bless!

  2. September 24th, 2008 at 21:33 | #2

    Quoted and linked your blog in this post:

    http://mindrec.org/letters/2008/09/23/charging/

    You may link back, or mention my blog on yours, if you want to.

  3. September 24th, 2008 at 21:59 | #3

    Hi Anon,

    Thanks so much :-D

  4. concerned christian
    September 25th, 2008 at 13:05 | #4

    how is this in accordance with christian teachings? it sounds like just a strategy to take advantage of others and all their hard work. even if someone is a sinner, that does not justify us reaping advantage from that person’s suffering; rather, it puts us on the same level as the person.

    not only that, but many people suffering financial setbacks did nothing wrong in the first place. many of them spent years building families and honest businesses, but now are going bankrupt because no one will lend to them and no one can afford to spend money. if you do have piles of stored up money, maybe it is the time to start spending, otherwise our economy is just going to keep spiralling downward, people are going to be hoarding money in fear and the value of the dollar will hit unprecedented lows.

    lastly, im not saying that you shouldn’t try to take advantage of sound investment opportunities, only that you shouldn’t be going about it with such glee as you pilfer from these “sinners.” they may have been doing the same things before (and probably deserve it now), and while i dont think you have harmful intentions please remember that it is up to God to distribute justice and it goes against His will if we take it into our own hands.

  5. September 25th, 2008 at 13:22 | #5

    Dear concerned Christian,

    Your concerns were noted.

    But the terms and concepts I shared are not mine but the Bible.

    May I gently request all readers please to go back and meditate on the verses shared, better yet, download and listen to the teaching itself. It’s better to understand the whole ” biblical” concept of wealth transfer before we make our conclusions.

    Some points to consider, though

    (1) you can not force someone to sell something to you.
    (2) you can only buy base on the budget you have, if the seller agreed with your price, then wealth transfer is consummated.
    (3) I remember I mentioned about Matt 5:17

    Peace :-D

  6. September 27th, 2008 at 22:31 | #6

    Thanks for placing your Entrecard on my blog.

    As a fellow believer I appreciate how you laid out the principles of how we are to respond during this economical crises. We are to reach out to others in need and be prudent for ourselves.

  7. September 30th, 2008 at 23:17 | #7

    Regarding:

    “If one has a job, don’t quit your job. Better yet, protect your job.

    * For even when we were with you, we gave you this rule: “If a man will not work, he shall not eat.” 2 Thes 3:10″

    Quitting your job does not mean one won’t be working thereafter. Maybe in a few years it might be better to have your own farm or crafts than working in some banking job, desperately trying to survive, while the farmer is ensured of food.

    Just wanted to tell you the way I see it :-)

  1. September 23rd, 2008 at 23:47 | #1