Short Take: What should people be doing financially right now?

Final question for you Dan. Let's go. From these huge macroeconomic trends in what's going on to the person listening today. What should the listener who is hearing the Christian real view today be doing financially right now and what should they do going forward. Lord willing, when things return to more of a normalcy in this country well the first thing they have to do is remember this is a global but certainly an American health crisis.

This is not a bad economy they can thank God that we had the economy we had before this happened, we'd be in big trouble. We came at this at a very strong place in our economy that is helped us a lot. Understand that the suffering that they're going to go through is all of us will is going to be temporary, is not going to be long lasting. There is going to be recovery. Please don't get overly enthusiastic about their 401(k) because we've had a few days of optics, don't do that. That's a mistake. There still lots more room on the downside to go yet. Be patient and become if you contribute to a 401(k) or an IRA.

The biggest mistake you could make is to stop those contributions.

If you got 10 years or more before you retire, you need to continue those contributions, you need to celebrate that you can buy in to those things that you're contributed to at a cheaper price because you're getting more shares and the accumulation of the shares is what's going to be a huge benefit to you someday. The downside is you could loose some hours you lose some jobs that is very unfortunate. The upside to it. I hope will be that there will be lessons learned.

I am doubtful of the hackers there were any lessons learned in 2008, but for the average Joe to understand how important savings is you know today. Now you understand it, but to maintain that understanding for the years to come, whether you have a lot or little you need to say and don't be discouraged because you can only save a little you understand today if you didn't before how important it is to be out of debt. You understood that in 2008 as well, but you understand that again we need corporate America to understand and we need the average hourly wage earner to understand that we've got to fight and work it said forever. It's for as long as you are earning money is a constant battle to stay out of debt.

We've got a focus again on what we need, not what we want and be patient through all of this and I pray that you will learn lessons and change the way you do things little changes for the better staying out of debt starting to see and I want to stress that savings is not investing savings is in a bank earning no interest but you can get to it anytime you want that savings investing is not that because when you need to fix the transmission on your car.

You're going to have to sell something at a loss maybe to get the money, that's not savings it's investing so long-term, so we gotta have savings because without savings we can't stay out of debt without savings we can't get through the storms like were about to have with maybe with a lot of people's jobs