Manage risk

The first decade of the 21st century certainly was a miserable financial experience for many people.

People who gambled too much money on new Internet stocks were scorched when the dot-com bubble burst. People who shouldn’t have been able to buy a home were given no-document/no-money-down loans. People who had only hazy notions of home financing signed up for adjustable rate mortgages and then reacted in panic and dismay as the rates automatically adjusted upward (one escalator you don’t want to be on).

The point: watch what you do; weigh what you do; keep your exposure to risk as low as possible. Never forget: “The borrower is servant to the lender” (Proverbs 22:7). The more debt you have, the more of a slave you are. Make friends with some financial planners and listen to them. They are probably smarter than you. Never get into a financial contract or investment that you don’t fully understand.

Take your time. Think first. Look at the examples of others. Learn from the stories and mistakes of others. Think of the impact of your actions on your family. Find somebody smarter than you and get that person’s advice on the loan you would like to take out. Explain to God what you are thinking about doing and listen to how your words sound in his presence. 

Pastor Mark Jeske has been bringing the Word of God to viewers of Time of Grace since the program began airing in late 2001. A Milwaukee native, Pastor Jeske has served as the senior pastor at St. Marcus, a multicultural congregation on Milwaukee’s near north side since 1980. In addition, he is the author of six books and dozens of devotional booklets on various topics.


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