Episodes
Tuesday Oct 18, 2022
Recession Proof or Poof
Tuesday Oct 18, 2022
Tuesday Oct 18, 2022
Wake the Faith up Slayer… This is Garth Heckman with the David Alliance and you can reach me at
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Recession Proof? or Poof!
What is coming… we are in a recession… and some are calling for a full fledged depression like in the 1940’s…. financial setbacks like business slowdown, decreasing profits, massive layoffs and joblessness, the bursting of the housing bubble, thousands of foreclosures, personal and business bankruptcies, bank failures, investment company collapses, the loss of retirement funds, and the social ills and unrest that go with the downturn. not being able to pay simple bills like heat, gas and electric. Food shortages, etc…
What can we do? There are a couple things that the experts are telling us to do and there are also some biblical insights.
Lets first start with the experts.
Cash is king. You may be able to pick up some new buildings, businesses and even investment items if you have the cash. (these can be sold years later for massive profits)
- Now might be a good time to have your kids move back in to the house. Even if they have a family. You can split the cost of housing, food, heat, gas and electric… and while living with your parents or with your kids is not the most enjoyable option… not enough money is a far greater stress then living with family.
- Cut the fat. You don’t need spotify, YT red, hulu, ESPN+, Amazon prime, Spectra cable, the newest phone, the newest clothes, a TV in every room.
- Sell your fat. You have 4 guitars, you only need 2 acoustic and electric. sell the others. Sell that motorcycle, sell that cottage and boat, you can use the money to survive or invest. But don’t sit on assets that are more valuable liquidated.
- Tap into that skill you have always wanted to monetize. You write, speak, fix lawnmowers, do gardening etc… find a way to make money from it.
- Start a garden and buy some chickens. You may laugh but I have quite a few families that only spend about $100 a week on groceries and food, because they do just this… you might say… $100 is still a good chunk… oh did I mention they all have large families? Like 8 kids…
What does God say?
God is sovereign over these things, he foresees them all, he causes or permits them all, and when he causes or permits something, he does so with purpose and design.
- “The lot is cast into the lap, but its every decision is from the Lord” (Proverbs 16:33).
- “Many are the plans in the mind of a man, but it is the purpose of the Lord that will stand” (Proverbs 19:21).
- “The Lord brings the counsel of the nations to nothing; he frustrates the plans of the peoples” (Psalms 33:10).
- “[The Lord] declares the end from the beginning . . . saying, ‘My counsel shall stand, and I will accomplish all my purpose’” (Isaiah 46:10).
So none of the recessionary events has surprised the Lord. His purposes and designs are being fulfilled according to plan. And what I want to do is draw your attention to some of those purposes.
Five reasons for Recession in Gods design
Now what are some of God’s purposes in this recession? I will mention five:
- He intends for this recession to expose hidden sin and so bring us to repentance and cleansing.
- He intends to wake us up to the constant and desperate condition of the developing world where there is always and only recession of the worst kind.
- He intends to relocate the roots of our joy in his grace rather than in our goods, in his mercy rather than our money, in his worth rather than our wealth.
- He intends to advance his saving mission in the world — the spread of the gospel and the growth of his church — precisely at a time when human resources are least able to support it. This is how he guards his glory.
- He intends for the church to care for its hurting members and to grow in the gift of love.
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