11 As a dog returns to its vomit, so a fool repeats his foolishness.
Proverbs 26:11 (NLT)
The above verse gives us the reason why the economy works in cycles. A boom always follows by a bust, and then follows by a boom again. The cycle repeats. There are many people who made a lot of money capitalizing on this law. However, there are even more who lost money for ignoring it. So, who says we cannot make money from the Bible?
Some may say that the present economic problems are unprecedented because it is the worst that had ever happened and those giant financial institutions that seemed infallible in the past had collapsed like a pack of cards. I beg to differ. The scale may be bigger but the cause is the same. It is just the classic case of fools repeating their follies. The collapse of financial institutions is caused by greed itself. Many banks lend money to those whom they knew could not afford to repay them because they wanted to earn higher interest. An insurance company insured risks that they do not understand because it wants to earn the high premium. All these are greed and complacency. Ancient empires and civilization collapsed for the same reason.
How does this help us? First, don’t be a fool. Read the Bible and obey God to be wise. Let me give you a disclaimer here. God is not saying that the wise never make mistakes. Both the wise and the fools make mistakes. The only difference is, the wise learns from their mistakes but the fool doesn’t. This is why a fool repeats his foolishness.
Whatever mistakes you have made in the past, learn from them and move on. When you have the wisdom of God with you, you have the power to overcome all your problems and recoup all the losses from your previous mistakes. You may have lost $1 million from a silly mistake but when you have the wisdom of God, you can make a billion back. So, learn from your mistakes, trust in God, don’t give up and move on. God has prepared a glorious future for you.
The second lesson is, whatever that has happened will happen again. I have no doubt that we will recover from this economic recession. The human species is resilient. We can overcome every difficulty life throws at us. However, I am also sure that the same mistakes will happen again because the Bible says a fool repeats his foolishness. There will always be greed and greedy people are bound to make mistakes.
This is a great opportunity for us to get rich. If you happen to have some cash available, this is the time to invest in undervalued stocks and properties. How to determine the undervalued stocks and properties? This is something you have to learn. I am learning about it too. So, I am not qualified to teach anyone here.
However, should the economy recovers before you can do anything, don’t rush to buy anything. You will probably get burned. Wait for the next recession. A fool repeats his foolishness. People who have no wisdom will get greedy and buy frantically until bubbles are formed. These bubbles will burst and will result in recession. Cheap sales will come again.
In conclusion, the Bible is full of the wisdom of God. God wants us to acquire his wisdom and put it to use for our prosperity.