Nehemiah 5:3 Some also there were that said, We have mortgaged our lands, vineyards, and houses, that we might buy corn, because of the dearth. 4 There were also that said, We have borrowed money for the king's tribute, and that upon our lands and vineyards.
[4] As a result, a familiar snare is being set for the feet of the unwary in the form of zero percent down mortgages, the ghost or nemesis of the 2008 crash. Some financial experts are having Déjà vu moments as they recall the nightmares of that financial crisis, that brought the world to the edge of the precipice.
[5] Be very wary of sub-prime mortgages, for in the 2008 crash, it was discovered that some lenders did not expect, or desire persons to pay on time, and in some instances, bets were made against their own portfolios, that families would default. However, God wants us to know that the Christian can, and should be able to navigate to a large extent the perils of inflation, by adopting the following three things:
[1] Scale down where needed. [2] Being open to adaptation. [3] Carefully read your Bible. Let’s start with the first instruction: [1] Scaling down where needed. Scaling down has to do with getting rid of all unnecessary baggage that you can live without. Over the years, when things were rosier, persons came to believe that certain things were necessities, when in fact they were not.
1st Timothy 6:6 But godliness with contentment is great gain. 7 For we brought nothing into this world, and it is certain we can carry nothing out. 8 And having food and raiment let us be therewith content. 9 But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition.
May The Lord add His blessing to the study of His word. God bless!