Proverbs 27:23-26 23 Be sure you know the condition of your flocks, give careful attention to your herds; 24 for riches do not endure forever, and a crown is not secure for all generations. 25 When the hay is removed and new growth appears and the grass from the hills is gathered in, 26 the lambs will provide you with clothing, and the goats with the price of a field.
We all remember clearly the financial crisis which peaked in 2007 and ended sometime between late 2008 and mid-2009. During that time several major institutions either failed, were acquired under duress, or were subject to government takeover. These included Lehman Brothers, Merrill Lynch, Fannie Mae, Freddie Mac, Washington Mutual, Wachovia, and AIG. Many jobs were lost, many home owners and, businesses suffered as a result. Over 100 mortgage lenders went bankrupt during 2007 and 2008. These were tumultuous years in the US with global geographic consequence.
You and I must be on the alert and vigilant with what God has entrusted to us; our jobs, finances, and relationships. Be watchful for economic downturns, have a good savings habit and, diversification in investments to be able to carry on when trade and industry changes occur or, when jobs become scarce. Also, practice generosity; seek opportunities to bless and invest in the lives of others.
The 2007-2008 financial crisis impacted many people. Having some savings, good friends and a portion to share with family and others will reap unimaginable blessings and, will allow you and me to weather such storms or “winters of our lives”.