The West is
in bad shape, in some ways, maybe worse than it has ever been. But none of us
have the power to turn around trends, though perhaps one day you may be in a
position of political authority where you can make positive changes. But
despite our inability to turn things around at the macro level, this does not
mean we cannot start to make changes in our families, homes, communities and
churches, which have an incredible effect now and into the future.
And it starts
with changing how we think about our own wealth and futures. In essence what we
need to do is reject much of what we have been trained to work towards and
focus more biblically on how we should think about our resources.
Rather than
planning for retirement younger Gen X, Millennial and Zoomer parents will be
working hard to work out how they can help their kids get on the family and
property ladder quicker. If we want grand kids, and our kids to prosper, we
need to think not just in terms of helping our kids get a good career, though
this is significant, but also we need to be thinking about how we can lift much
of the cost load that our breaking society is wanting to place on their
shoulders. Instead of buying caravans to travel, we will be looking at building
up our properties to house multiple families, or combining incomes with sons to
make combined living possible, and stay at home mums more viable and greatly
treasured again. The further ahead we think about this the better we can set up
our kids.
We will not
be working so much towards retirement, but more thinking about how we can make
sure our kids are not overburdened by the high cost of living, so they can
still have families and succeed in this world. This will actually make our
retirements better, though, because they will be family centric rather than
cruise and vacation centric. We will have to greatly devalue regular
vacationing, unless you are genuinely wealthy, or at least extravagant
holidays, because the cost of doing basic things will make such thing either frivolous,
or prohibitive. But this will enable families to find other ways to do things
together which builds their family connections, rather than puts experiences in
the place of connection.
In essence
the destruction of the economy is forcing us to get back to what we should have
been doing all along. Seeing parenting as a multigenerational responsibility,
and our wealth as a means of advantaging our kids, and kids, and their kids
kids. Instead of simply a means of seeing Europe, Israel and New Zealand three
times, and maybe the USA once, to tick off the bucket list. This way of viewing
our money has been popular for some time and was only really made possible by
excess abundance, anyway. But it was never a good way to steward resources. There
is a reason why the West is in such hard decline, we became essentially
narcissistic in what we prioritized. This will need to end or at least
diminish greatly.
Those who
focus on this sooner will set up their descendants for a good head start ahead
of others. Those who are already doing this are well ahead of those who aren't.
Those who are from families that have been doing this for generations currently
rule most of our society.
In essence
the breaking economy is causing extreme individualism to show its bankruptcy.
Guess what, many immigrant communities already know this and are well ahead of
westerners in this regard. This kind of family thinking will win the future. So
be proactive and start planning now how to bless your children’s children. I
would suggest you start planning this even if you have not yet had kids. You
will not regret it.
I'm 63 and recently widowed. I had stepchildren in my marriage who demonstrated during their father's final illness and in the months subsequent that they viewed me and their father as cash cows and nothing more. In April, my adult step-daughter defrauded me of $7600 and got found out. I would love to help provide for the next generation but am very unsure how to proceed. Certainly all my sacrifices so far have resulted in nothing but encouraging them in their sins. I don't know what to do and I am alone. I don't have enough money for this nonsense and, even if I did, ultimately it doesn't help them. We tried and tried to get them to involve us in their lives but they wanted nothing to do with us, so there's not going to be an old age of teaching and playing with my grandchildren.
ReplyDeleteThank you so much for your blog. If you don't have any advice for me, I understand. Sometimes life is just unjust.
I can't give you financial advice, of course, as it I don't know you, or your situation. But I can pray that God would turn your situation around. On the advice front I would encourage you to talk to your pastor, or perhaps another man who has navigated a similar situation. Often, we think we are alone in struggles we face in life, but there are others who have gone through some of the things we did, and some of them have actually navigated out the other side and have that wisdom to share. I will pray God provides such a person for you to talk through this with.
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