Well, it’s been one of those weeks.
Everybody’s been talking about what’s going on in Washington with the bailout plan. Companies and banks are seemingly folding or teetering on the brink of failure. The stock market has been swinging wildly like a pendulum, mostly downwards. People, not just those connected to the financial sector, but everybody else, even those who don’t know the difference between a Roth IRA and a T-bill, have joined the dialogue about what’s going on with our economy and how we got where we are now.
Where we are now has a lot of people nervous. While the intricate politics and the complex economic theory of what’s going on and how we arrived here is up for debate and probably will be hashed out in economic thesis papers for the years to come, the whole thing boils down to one word: debt.
We all like nice things, but sometimes the world allows us to get things that we shouldn’t get because we don’t have the means to pay for it. This gets us trapped as most of us unfortunately know firsthand. The great thing, though, that’s coming out of all of this mess is the national dialogue where people are questioning their lifestyle and what do they really need, including how to live within their means, how to manage their finances and what’s truly important in this world that’s worth spending money on.
Jesus knew this when he said in Luke 16:10-11, “Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?” Food for thought as we sit down and balance our checkbooks.
See you next week and may God bless you this week.
– Matt
debteconomyJesusLukemoney
Economic Turbulence
October 2, 2008
Calvary
Comments Off on Economic Turbulence
Matt
Well, it’s been one of those weeks.
Everybody’s been talking about what’s going on in Washington with the bailout plan. Companies and banks are seemingly folding or teetering on the brink of failure. The stock market has been swinging wildly like a pendulum, mostly downwards. People, not just those connected to the financial sector, but everybody else, even those who don’t know the difference between a Roth IRA and a T-bill, have joined the dialogue about what’s going on with our economy and how we got where we are now.
Where we are now has a lot of people nervous. While the intricate politics and the complex economic theory of what’s going on and how we arrived here is up for debate and probably will be hashed out in economic thesis papers for the years to come, the whole thing boils down to one word: debt.
We all like nice things, but sometimes the world allows us to get things that we shouldn’t get because we don’t have the means to pay for it. This gets us trapped as most of us unfortunately know firsthand. The great thing, though, that’s coming out of all of this mess is the national dialogue where people are questioning their lifestyle and what do they really need, including how to live within their means, how to manage their finances and what’s truly important in this world that’s worth spending money on.
Jesus knew this when he said in Luke 16:10-11, “Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much. So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?” Food for thought as we sit down and balance our checkbooks.
See you next week and may God bless you this week.
– Matt
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