Are You Prepared for a Global Economic Recession?

The big question in everyone’s mind today is, “Are we headed for a global economic recession?”

At the individual level, however, a more significant question is “Are you prepared for a global economic recession?”
Your personal answer to that question is what counts at this time.

So, what are you doing to insulate yourself, and your family against a possible global economic recession?

“A prudent man sees danger and takes refuge, but the simple keep going and suffer for it.”
-Proverbs 22:3

While it is okay to hold the governments of the nations accountable for their stewardship of this world’s resources, we must take responsibility over our own personal decisions with regards to the economic challenges of our times. How are you going to respond? In spite of what happens in the global economy, what will be your own personal experience and that of those who are directly dependent on you?

I’m aware that whether or not we are already in a recession is still open to argument; for some personal reasons, I think we’ve not yet hit the nerve centre of the recession. But I can assure you that there’s a bleak future for the global economy and a lot of suffering still lies ahead.
Are you able to see the danger ahead?
Are you going to pro-act or would you wait till the storm descends before you begin to react?

This is not the time to ‘wish’ that things would just change and that the ominous cloud of global economic recession will just go away.
This is not the time to whine and complain and point accusing fingers on the governments of your nation – blaming this person and that person for the economic woes that are now threatening to drown millions, and possibly billions of people.
This is not the time for panic either.
I believe that this is time for a decisive action at the individual level.

If you are a father, or single mother, or in whatever position of responsibility, you owe it to those that are dependent on you to make the right decisions; make decisions that are firmly rooted in accurate and prudent judgment of the future.
Suffering is ahead. But it is avoidable. It is better and even cheaper to prevent suffering, than to cure it.
So, regardless of whether or not you’ve already started to feel the pangs of an economic drought in your own sphere, you must still take firm steps to turn the tide in your favor and insulate yourself and your loved ones.

What can you do?

You can protect yourself from any economic calamity that could befall mankind at anytime from now.
You must begin right away to take insulatory measures to protect yourself from a possible rapid downward spiral of the global economy.

Don’t let anyone fool you, it’s not certain that government policies will turn the tide, because these are at the very root of the problem. The policies of global economies are predicated on greed and selfishness and so may not be able withstand the onslaught of the consequences of our arrogance and abuse.

The way out lies with you!
At the core of the prescription for escape is your personal decision to pull back from all excessive materialism.
You must arrest the waywardness of your affections and desires.

Then see how you can apply the following recommendations in your own personal life.

  1. Simplify your life.
  2. Develop your power to create wealth – that is, become more entrepreneuring.
    Tap into the power and potentials of an indispensable technical skill within you.
    Cultivate solid financial skills.
    Develop good and qualitative relational skills.
  3. Lay up for yourself treasures in heavenly places.
    The true measure of your wealth is not how much you have, but how much you freely give away.
    The only way to protect the little that you have is by sharing it.
    Regardless of your socio-economic status, there are those that are less fortunate than you. Join projects that are aimed at alleviating their suffering. Whatever you give comes back to you in multiplied measures.

Help others

Do you have other suggestions as to how the average person can cope with these trying times?
We need all the help that we can get. So share your thoughts below…and may God bless you.

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The Reality of God : Pastor WD Favour

[…] instance, about 2 years ago, I was shown a global economic recession.  I saw stock markets and banks crashing around the world.  Governments were confused and […]

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[…] You might want to study the article I wrote on how you can beat the global economic recession. […]

OutsideMyBrain
OutsideMyBrain

I personally don’t believe that you are being pessimistic. You are being realistic. What’s the worst thing that could happen to someone who follows your advice to simplify their life and become more entreprenuerial?

There are many doomsdayers out there who talk about how bad things are going to get, but then never offer a solution. Well written. Thanks for the ideas! I think we can all benefit from them NOW – Regardless of what one believes the future will bring!

Scott, A Dad First
Scott, A Dad First

Agree wholeheartedly, and in preparation for this, I cashed out my (tiny) retirement account and left my place of employment to go out on my own, with my own business. We’ve cut way back on expenses, and are simplifying our already fairly simple lives…

jeweledrabbit
jeweledrabbit

I have to say, I find this post a bit pessimistic. I truly do not believe things are as bad as you’re making them out to be. Even if they were I don’t think there’s anything you can do to create more security, because there is no such a thing as security to begin with. It’s an illusion created by the ego, which demands certainty for its happiness. With that said, I do believe in taking responsibility for your own destiny and not leaving it up to government to make your life better. Entrepreneurialism is one way of taking control of your own destiny. I also agree with you when you say it’s necessary to simplify your life and give up excess materialism. I can’t speak for what’s going on outside of North America, but I can tell you that we in this part of the world are drowning in a sea of conspicuous consumption, with many people cluttering up their lives with consumer goods they really don’t need and simply wouldn’t have if it weren’t for credit. I also agree that many people pay little attention to their inner lives or don’t realize they’re part of a much grander… Read more »

Jim Legington
Jim Legington

“Conversation is Everything” from the abundance of the heart the mouth speaks.
WDFavour You are Asking some Great Questions
and sharing some Attention Grabbing Insight.
Keep On Sharing fellow servant, God Is Love,
God Is Good, God Is One. Peace and Mercy Be
Multiplied. Be Blessed always…Peace!

BloggerNewbie
BloggerNewbie

I’m all in favor of personal responsibility, for individuals and corporate dealings!