Blogger Bio: Dan Celia is the Executive Director of the Regency Foundation.
2009 will bring a year in which we obviously need to rebuild our retirement accounts, our 401Ks, our IRAs, and our savings. One thing I have learned in 2008, as I had a birthday this week, is that I will be working for a few more years than I had perhaps thought back in 2007, and that in 2009 more people than ever are going to need good, sound, biblical advice.
As I think back over the year on how much advice I have given over the radio and through my newsletter, emails and phone calls, I think that one of the most important things I would like to reiterate is the idea of shoring up income. I know that many of you have contacted me about the idea of creating income for your retirement years. If you have not done that, please contact me. You can email me at firstname.lastname@example.org, and I would be happy to talk to you about the options that might be available to you for creating a steady and consistent, never-ending, stream of income, while doing the Lord’s work and creating some wonderful tax-deductions.
Also, 2009 should be a time when we Read more
What we would really like to know in 2009 is what the Economy is going to do. Certainly my guess is as good as anyone’s. I believe that by the end of this year we are going to see things begin to turn around, but we are a long way from long-term stability. I believe that the markets are beginning to stabilize somewhat. As in every recession, the markets generally recover quicker than the Economy, and the Economy will recover quicker than unemployment. Unemployment is still going to weigh heavily on our Economy in 2009.
Hopefully, some of the $350 billion dollars – and probably soon to be another $350 billion dollars – given to the financial industry will get to the ‘streets’ and out to the borrowers who need mortgages and need to buy cars, as well as to the companies and commercial industries that need to borrow money in order to make payroll and in order to continue to grow and expand. Hopefully that money will get out to the organizations that have been strong and sound and that are not falling apart, but have grown in spite of this lousy Economy. We need to reward those companies, and money be made available to them. Hopefully we will begin to see that in 2009.
We have a new legislation coming in. The Obama Administration will take office on January 20th as well as a new Congress and a new Senate. Regardless of our political affiliation, we need to Read more
Well, on January 2, 2008, we saw crude oil hitting $100 per barrel for the first time in history.
On January 22nd, the Federal Reserve cut interest rates by 0.75 percentage points – the largest single-day reduction in the bank’s history.
On February 13th, President Bush signed into law that $168 billion dollar, two-year stimulus package. The idea was to put money in our pockets, hoping that we would be spending more of it.
On March 16th, J.P. Morgan Chase acquired Bear-Stearns after the deal was brokered by the Feds and the U.S. Treasury – the beginning of it all.
May 15th – The Bureau of Labor & Statistics announced the biggest one-month increase in food and beverage prices in eighteen years.
June 8th – It is hard to believe that is was just a little more than six months ago that gas hit Read more
Blogger Bio: Dan Celia is the Executive Director of the Regency Foundation, an affiliate and support organization to Philadelphia Biblical University which exists to help individuals and organizations plan, invest and give wisely based on solid, consistent Christian values. Dan is also an author and conference speaker. He has worked since 1981 developing estate plans, corporate retirement plans and investment strategies for individuals, corporations and institutions.
Dan is the host of the Financial Issues Live Radio Show–an educational ministry, and of a daily radio spot, “Stewardship Moment” – a biblical look at our stewardship, heard on Christian radio stations all across America. Dan’s area of focus on TheChristianWorldview.com will be in the area of biblical finance, economics, and stewardship.
Well, as we bring our year to an end, I am sure like so many of you I would prefer to look ahead and really not look back. At least not look back at 2008.
We saw the bankruptcy of Lehman Brothers, the bailout of AIG Insurance, the bailout of the auto industry, the TARP program with a $350 billion dollar bailout for the financial sector, and in January are likely to see Read more
GUEST: Dan Celia, The Regency Foundation
We are currently experiencing what some say is the worst financial crisis since the 1930’s. The largest guarantor of mortgages in America, Fannie Mae and Freddie Mac, were in such financial trouble that the U.S. government chose to bail them out by giving them a $200 billion loan. Days later, AIG, a large insurance company entered the same death spiral resulting in the government again stepping in to bail them out with an $85 billion loan. Read more