Wednesday, May 18, 2011

Praying for what lies ahead....

By now we are all aware of the terrible economic situation we are in, particularly in the U.S. but also around the world. Record weather-related events have shaken our world more than any other time in history. Undoubtedly we need to be prepared to face the harsh time that lies ahead and not only be financially stable, but spiritually mature.

I found the following article and I thought I'd pass it along for anyone who wishes to read it. Even if nothing does happen, the suggestions below will certainly take anyone to a higher level of intimacy with The Lord and add to your financial future.

10 Ways to Survive the Economic 
Tsunami that is coming!!!! 
By Kirk Elliott, Ph.D. 

1. Pray for Wisdom |  James 1:5 says, “ If any of you lacks wisdom, you 
should ask God, who gives generously to all without finding fault, and it 
will be given to you.”  We need wisdom more than anything to make 
the right decisions in protecting our families, freedoms, and finances 
during these turbulent times. 

2. Give Extravagantly |  Malachi 3:10-11 say “Bring the whole tithe into 
the storehouse, that there may be food in my house. Test me in this,” 
says the LORD Almighty, “and see if I will not throw open the 
floodgates of heaven and pour out so much blessing that there will not 
be room enough to store it. I will prevent pests from devouring your 
crops, and the vines in your fields will not drop their fruit before it is 
ripe,” says the LORD Almighty.”  Godʼs Word doesnʼt return void and 
when you give with a joyful heart and learn to give out of your need 
rather than out of your abundance God will supernaturally intervene in 
your life and pour out so many blessings that you will not be able to 
contain it.  And the second half of the promise mentioned here is that 
He WILL make you more productive. 

3. Read and meditate on Godʼs Word | Joshua 1:8-9 say, “Keep this 
Book of the Law always on your lips; meditate on it day and night, so 
that you may be careful to do everything written in it. Then you will be 
prosperous and successful. Have I not commanded you? Be strong 
and courageous. Do not be afraid; do not be discouraged, for the 
LORD your God will be with you wherever you go.”   Yet another 
promise from God, whoʼs Word does not return void!  This is a 
conditional phrase.  When you meditate on Godʼs Word and are careful 
to do what it says, THEN you will be prosperous and successful.  The 
Bible is our blueprint for a successful life. 

4. Get out of Debt |  Interest rates are at the lowest point in the history of 
our nation.  This means they canʼt go too much lower, they will go up, 
and go up rapidly as the U.S. Dollar continues to deteriorate. If you 
carry any variable debt you will find it increasingly more difficult to 
service your debt payments as those payments rise. 

5. Grow your roots in a local church |  How could this help you 
navigate through this harsh economy?  Well, when your roots grow 
deep you will be able to withstand the storms of life as they arrive.  
Remember, storms ALWAYS happen and sometimes Jesus calmed 
the storm, sometimes he was the peace in the midst of the storm.  
Regardless, the end result was PEACE.  Having a support group of 
like-minded, God fearing, friends and family of the local church will 
make the storms of life easier to navigate. 

6. Be politically active |  Make your voice heard!  We still live in a 
country where our voice can be heard and we can make a difference.  
We need to hold our elected officialʼs feet to the fire and encourage 
them to make wise decisions.  After all, it is their policies of excessive 
taxation, excessive spending, and a continuous elimination of God 
from the policies and principles of our nation that have produced the 
mess that we are in.  Make a difference while you still can! 

7. Become self sufficient |  In reading accounts of other countries 
throughout history that have gone through hyperinflations, the people 
that have survived the best are the ones who were able to produce 
their own food, had supplies of fresh water, had acquired barter type 
items prior to the economic tsunami hitting them.  It is sad that we are 
about at the point where we look at long-term food storage as part of a 
solid investment portfolio, but our goal is to protect, preserve, survive 
and thrive, and these type of items should be sought after. 

8. Diligently study the fundamentals of the markets | Knowing what 
fundamentally causes markets to move is ESSENTIAL to safeguarding 
your assets from erosion due to bad public policy.  For example:  The 
value of bonds will come down when interest rates rise.  Financial 
metals like gold/silver do very well during times of political and geo- 
political turbulence, economic uncertainty, chaos and change.  
Industrial and agricultural commodities tend to do very well during 
times of inflation.  The stock market will ultimately come crashing down 
as revenues continue to decline and taxes go up.   

9. Reallocate your assets |  You need to analyze your current 
investment mix and get out of the downward trending asset classes 
(stock market and allocate into positive trending asset classes like 
gold/silver.  Precious metals in this economy will act as a hedge 
against your paper assets as they are in the midst of a HUGE bull 
market.  Gold has increased over 400% since 2002 and silver has 
increased over 700% during the same time period.  A proper allocation 
of metals and cash in your portfolio will help to insulate you against 
some of the turbulent market activity that will wipe out a lifetime of 
savings in a short period of time. 

10. Contact a financial advisor who understands the times we are 
living in |  1 Chronicles 12:32 says the sons of Issachar understood 
the times and knew what to do.  We need to be modern day sons and 

daughters of Issachar and understand the times we are living in and 
know what to do about it.  Also, make sure your investment advisor is 
the same.  Many well meaning people just donʼt grasp the seriousness 
of the economic downturn we are living in, nor do they grasp the 
magnitude and scope of the implications of not allocating wisely.  Our 
window of opportunity to protect us, our families, and future 
generations will not be open forever.  In fact, it may not be open for 
very long at all.  ACT NOW to preserve and protect everything you 
have worked your entire life to accumulate. 

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