How The Christian Handles Inflation. Part [8] 06/29/2024 (Morning thought)

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!

How The Christian Handles Inflation. Part [7] 06/29/2024 (Evening thought)

Deuteronomy 15:5 Only if thou carefully hearken unto the voice of the Lord thy God, to observe to do all these commandments which I command thee this day. 6 For the Lord thy God blesses thee, as he promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee.

(From NPR News) Millions Of Americans Skip Payments As Tidal Wave Of Defaults And Evictions Looms. Jonathan Baird and his wife, Nichole, say they have had to decide between making their car payment and buying food since she lost her job in the pandemic. His mortgage and auto lenders told him he didn’t qualify for help.

Therefore, if one sees a trainwreck coming, you and me are to take preemptive steps to avert, or at least stave off the catastrophe if we can, lest persons be found in the same unfortunate situation as many of the Jews back then. Therefore, the following are just a few snippets of what is now transpiring across the U.S., and causing many folks to go into insolvency.

[1] Inflation continues to devastate the livelihoods of Americans, for nearly 1 in 6 U.S. adults could not pay all their monthly bills as demonstrated in recent Federal Reserve data.  [2] Lower-income adults, reported higher instances of not having enough to eat, not being able to cover bills in full, and skipping medical care. [3] Many Americans would love to buy a home, but they do not have the tens of thousands of dollars to cover a down payment.

Deuteronomy 15:7 If there be among you a poor man of one of thy brethren within any of thy gates in thy land which the Lord thy God giveth thee, thou shalt not harden thine heart, nor shut thine hand from thy poor brother: 8 But thou shalt open thine hand wide unto him, and shalt surely lend him sufficient for his need, in that which he wanteth.

May God add His blessing to the study of His word. “Good night” and God bless!