The Bible tells us to pray for our leaders that God will give them the character and discernment to make wise decisions. We should never take that call to prayer lightly because the fate of nations could hang in the balance. A key requirement for godly leadership is understanding the times one lives in. We never quite know where the conversation will go with Jerry Bowyer but it’s always fascinating and always holds an important economic lesson for us. Our host Rob West discusses a critical biblical example of leaders “getting it right” with economist Jerry Bowyer. Jerry is the MoneyWise Live resident economist and he’s also chief economist at Vident Financial. You see him a lot on the Fox Business Channel.
- Jerry talks about the importance of our leaders understanding the times and the relationship of that to 1st Chronicles 12:32.
- Then he discusses why the sons of Issachar were able to understand the times when the other tribes did not and the result of their decision to back David.
- Then Jerry touches on what we should do with this lesson today? How does it relate to us and the resources God’s entrusted to us?
- Finally, he suggests mutual respect between Bible scholar "tribe" and marketplace "tribes" and describes what that might look like.
Next, Rob and Steve answer some listener questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
- How does one apply the biblical collaboration of the church and business mentioned in Judges to the family?
- If you're retired military and receiving a pension, have savings and IRA savings built up, don't want to throw money away on rent but also don't want to spend money on home repair, how can you decide what to do about housing?
- If you're 65, not considering retirement and are working where they offer a 7% matching 401(k), should you participate?
- If you're in your early 30s with two children and are currently contributing about 15% into your 401(k), should you reduce that and consider other forms of investment?
- If you're having issues with your boyfriend's mother's financial decisions, how should you proceed?
- How would you prioritize saving for a child's college over paying off a mortgage?
- If you want to open a savings account for a 3 years old, where should you look? savingforcollege.com
- Why are some afraid of rising interest rates?
- What does it mean when the Stock Market drops?
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