Dave Ramsey on the current conomic crisis

Q & A: Dave Ramsey

For individuals:

Have money in savings, get out of debt, live on a budget, live on less than you make, don't co-sign, and diversify your investments. These are things the Bible tells us to do with money. If you do these things, you're going to survive in bad times and prosper in good times.

Impact on churches:

We may have the lowest giving in the fourth quarter than we have had in a decade. Churches that are out of debt and have money set aside for emergency, biblically speaking, are going to survive. Churches that have no cash and are in debt are going to reflect some of these Wall Street companies. They have to adjust spending to be able to live on what's coming in and anticipate a drop right now.

Comment: Good advice