Book club: Money and the Prosperous Soul
Chapter 2: Trouble with Money
Hello Financial Healers,
When I wrote my book in 2009, the U.S. was on the heels of the housing bubble crisis. Most of us remember this painful season, which saw the failure of several colossal financial institutions. Let’s recap those tumultuous events:
The subprime mortgage crisis.Â
Collapse of the United States housing bubble.Â
Global financial crisis.
Failure or collapse of many of the United States’ largest financial institutions: Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, and AIG.Â
Crisis in the automobile industry.Â
In response, the government implemented an unprecedented $700 billion bank bailout and a $787 billion fiscal stimulus package. Many saw this as an unjust and unhealthy form of federal overreach.
Although we managed to crawl out of this uncomfortable time and experience prosperity, the COVID-19 pandemic struck. Over 24 million Americans lost their jobs in just 3 weeks. (This triggered significant shifts in consumer and business behavior, which I believe will continue for generations.)
As we approach 2024, I foresee another financial crisis looming. With escalating national debt and unchecked spending, it seems our economy is heading toward more struggle.
I propose the solution is not to live in fear, but to engage with the economy. We cannot allow ourselves to be victims.
A great transfer of wealth is coming, and it’s crucial we as Prosperous Souls are equipped to handle the blessing.
There’s much to discuss, so grab today’s handout and illustration, and join our live discussion at 3:30 PM (CA time). I’ll see you soon.
Hop on to our live coaching session
Join this afternoon’s live meeting. Download today’s handout and illustration. Let’s get you on the path to Financial Healing!
God bless your Prosperous Soul,
Stephen K. De Silva
About: Stephen K. De Silva is an author, speaker, and financial coach. From 1995 until 2017, he served as the CFO of Bethel Church, and a member of the senior leadership team. Stephen’s blend of experience, training, and gifting make him a pioneer in the subject of money. You can reach Stephen at hello@prosperoussoul.com
I AM SO SADDENED THAT I MISSED YESTERDAY'S SESSION ON MONEY.
I ACTUALLY HAD A QUESTION AND WAS LOOKING FORWARD TO THE SESSION!