The savings rate in 2005 and 2006 dropped into the negative, the first time since the great depression. But the reasons are different this time. Modern man has lost his vision for the future and the inclination to save an inheritance for his children. He just spends it to buttress his own standard of living for the present.
But the Bible tells us that a good man saves an inheritance for his children's children. Christians are future oriented, and they will save an inheritance.
Yet, the government taxes the inheritance. The power struggle between the civil government and the family is intense. It is likely within 5-6 years that the inheritance taxation in some states could consume as much as 75% of $1,000,000 of a lifetime's saving.
In this program, Kevin Swanson suggests several ways you can salvage the inheritance and pass on a powerful legacy to the next generation. But all of this assumes there has been a relationship of honor and trust established between children and parents. Where family relationships are tenuous, where vision for the future is at a premium, and where selfishness is the rule of the day, inheritance and savings will fade - and a civilization will begin to crumble.
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Kevin Swanson has served as elder and pastor of Reformation Church, OPC since its inception. Kevin was raised on the mission field in Japan in the 1960's and 1970's. Together with his wife Brenda, they are bringing up five children in the nurture and admonition of the Lord....