Twitter   RSS   Email  

 How the Global Economy is Dependent on Christianity

 Why America May Never Recover From the Recession

 Save Money Homeschooling

Sometime it’s Better to be Poor

By: Steve Johnson

7/10/2008 - 20 Comments

Sometime it’s better to be poor and sometime it’s better to own nothing.

In this downward economic cycle, where everything that can go wrong is going wrong, maybe it’s better to own nothing. 

Last year at this time, I was talking to a friend of mine who has run into some bad luck in his career. John was down and out because he was middle aged without owning a home or having any money saved for retirement. The only thing he owned was the shirt on his back.  I tried to cheer him up but was little help.  The only good thing that I could come up with was – “if the market tanks, at least you won’t lose anything”.  He agreed with me but reminded me that he wouldn’t gain anything either.

After nine months into this global economy slowdown – with no end in sight – John has not lost a thing.  It fact, he has gained a house because the neighbor to the house John was renting could no longer pay for the house and John was able to work out a deal to take over the mortgage payments.  Now John is looking for a car and low and behold the auto industry is just about giving them away.

John is in a great position to get a newer automobile at a very good price.  In fact, it turns out that John has a very good credit record compared to most people applying for an auto loan.  John doesn’t have a home equity loan because he didn’t own a home and he doesn’t have a prior auto loan because he couldn’t afford a newer vehicle.  John owns nothing, yet he is the most qualified person in America to purchase a brand new vehicle – go figure.

Here is my idea: perhaps congress should create a new economy stimulus plan to boost the economy by issuing new cars to everyone that doesn’t have one!

As the stock market sinks, the rich are losing billions while John is moving into the middle class.  In a little over a year, John has taken advantage of opportunities that have drastically improved his financial outlook.  Perhaps, sometime it's better to be poor.

Copyright © 2019 All rights reserved.

Family Financial Workbook

Finances are the leading cause of marital breakdown and strife. Countless families give the false impression of being wealthy while drowning in a sea of debt. Family Financial Workbook is the best tool a family can have to manage their finances with God's direction. With a comprehensive collection of easy-to-follow worksheets, practicality is key feature of this great resource.

Save Money Homeschooling

How Homeschooling can save you $20,000 per year. Homeschooling is more than a means to educate your children. Homeschooling is a lifestyle that produces unmatchable results. Education is the single most expensive cost of every society on the face of the earth and homeschooling is the indisputable least expensive means to achieve this.

How To Manage Your Money

People often try managing their money apart from God's plan. Bad plan. Until people have an attitude change about money, it will continue to control and confuse them. How to Manage Your Money is an excellent tool to get readers on track toward a liberated financial life.

Your Money or Your Life

There's a big difference between "making a living" and making a life. Do you spend more than you earn? Does making a living feel more like making a dying? Do you dislike your job but can't afford to leave it? Is money fragmenting your time, your relationships with family and friends? If so, Your Money or Your Life is for you. From this inspiring book, learn how to, get out of debt and develop savings, reorder material priorities and live well for less, resolve inner conflicts between values and lifestyles, convert problems into opportunities to learn new skill, attain a wholeness of livelihood and lifestyle, and much more.