ESCM_Winston_Ling_April09.ppt

					Opportunities in the Midst of a
Financial Crisis Unlike Any We
   Have Seen in our Lifetime
 English Speaking Chinese Ministerial
     Winston Ling – April 1, 2009
             The Economy
What led to the credit crisis?
• Consumers – low interest rate and rising
  house prices.
• Lenders – flush with cash and lending
  standards lowered.
• Investors – seeking larger yields and
  compromised on risk.
           The Economy
What started the credit crisis?
• New buyers for houses stopped.
• Mortgage investment losses grew.
• Lost faith in financial system.
            Opportunities
• Advantage back to investors – asset
  prices now substantially lower.
• Young adults under 35 have great
  opportunity to recover from market losses.
• Low interest rates on loans.
• New and used cars – bargains.
• Businesses that are growing – books,
  McDonald’s and movies.
                Personal
Sound Financial Principles
• Spending more than you make.
• Start habit of saving.
• Always pay your credit card balance in full.
• Put larger down payment on house
  purchase – 20-50%.
               Personal
Sound Financial Principles
• Avoid borrowing – other than for housing.
• Leasing is borrowing.
• Minimize payment of taxes.
                Personal
Minimize Income Taxes
• Save through TFSA.
• Contribute to RRSP.
• Contribute to RESP for children – tax free
  grant.
• Invest in principal residence.
               Personal
Minimize Income Taxes
• Self employment.
• Shifting income to family members.
• Gifts to charities.
                Personal
Investing Guidelines
• Don’t try to hit a home run.
• Don’t invest on impulse.
• Don’t let others make decisions for you.
• Diversify and manage risks.
                 Church
Mission & Vision
• Stick with the message.
• Make it clear and intentional.
• What is God calling us to be?
                 Church
Helping the Unemployed
• Support group.
• Spiritual and emotional help.
• Resume writing.
               Church
Helping the Unemployed
• Employment – networking and spending
  time with people.
• Ask members for help to provide work.
• Personal budget – financial help.
                 Church
Finances
• Budget – intentional
• Budget – stewardship
• Capital project – does it fit the mission and
  vision?
• Pastor’s remuneration – adequate?
                Poor
Who are they?
• Homeless – houseless
• Poor – poverty
                 Poor
What do we do? – Less effective
• Give them money.
• Handout.
• No accountability
                   Poor
What do we do? – More effective
• Volunteer with organizations serving the
  poor – YSM or TCM.
• Study scripture – over 2,000 references –
  over 400 different scripture passages that
  speaks of God’s passion for the poor.
                   Poor
What do we do? – More effective
• Pulpit time – poor, compassion and
  justice.
• Research current studies online:
  – United Way – Poverty by Postal Code
Poverty by Postal Code
Poverty by Postal Code
Poverty by Postal Code
Poverty by Postal Code
Poverty by Postal Code
Poverty by Postal Code
                   Poor
What do we do? – More effective
• Research current studies online:
  – University of Toronto – Centre for Urban &
    Community Studies: The Three Cities within
    Toronto
The Three Cities within Toronto
                  Poor
What do we do? – More effective
• Bill & Melinda Gates Foundation – Global
  Development Programs.
• Start a food bank.
           God’s Promise
• Provide and equip.
• All the money that is required for God’s
  work is already in the hands of God’s
  people.
   God’s Promise



Do not fear the future.
God is already there.
       Christian Education
• Support for all grades – elementary, high
  school and university.
• Is a good investment.
• Children and youth – most influential time
  of their lives.
        Christian Education
• Society – little influence of Christianity.
• Public school system – God is not
  welcomed.
                 Tyndale
• Over 100 years old.
• Seminary – has reputation and well-
  known.
• University College – New, June 2003.
• Toronto’s Christian University – Liberal
  Arts.
                 Tyndale
• Critical thinkers.
• University for young people to test their
  faith and question everything.
• Becoming extraordinary and defy the
  ordinary.
• McLean’s student satisfaction survey –
  high ranking.

				
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posted:8/25/2014
language:English
pages:32