On July 31, the Federal Reserve cut interest rates for the first time since 2008. The rate was reduced by a quarter of a percentage point to a range between 2 and 2.25 percent. The Fed Board Chairman, Jerome Powell, stated that “The outlook for the U.S. economy remains favorable and this action is designed to support that outlook.”
During the early stages of a church building project, it can be easy to become overwhelmed by the expense. Even when your plans are finalized and construction is about to begin, you may find yourself looking for more ways to cut costs—as many churches do. You have probably “value engineered” your building to save as much money as possible, yet you may still need to think creatively about other ways to lower your construction costs.
My father used to say, “You never retire from the work of the Lord.” He taught me—and many others—that ceasing work for the last 20 or 30 years of one’s life (or more!) is not a biblical idea. Throughout Scripture we read about Sabbath rest, but not once do we read about retirement. The concept is a fairly recent invention, popularized in industrialized nations in the last 150 years or so.
Whether you’re a church or another ministry, chances are you rely on the generosity of your supporters to sustain your work. While the weekly offering plate or cash donations help keep the lights on, those gifts really represent funds from only 10 percent of a person’s wealth.