Prophecy: The Generation of Side Hustles

by | Nov 14, 2022 | Finances & Career

PROPHETIC WORD: THIS IS THE GENERATION OF SIDE HUSTLES

Household Debt Climbs Past $16 Trillion as Inflation Wrecks Family Finances: With inflation running out of control and higher prices squeezing family budgets, more Americans are turning to credit cards to bridge the gap. That’s led to the biggest leap in credit card balances in 20 years.

Household debt is now at its highest level ever, climbing past $16 trillion – a 13% increase in the past year.

Americans are treading water. Roughly, 125 million people are living paycheck to paycheck according to financepond.com. That’s 54% of the U.S. adult population.

So just how bad is it? The collective U.S. household debt is one indicator – totaling $16.15 trillion through the end of June, up $312 billion from the previous quarter. With food and gas prices surging to 40-year highs, the Fed is working to bring down inflation by raising interest rates.

“The Federal Reserve has more work to do to bring inflation down, to bring the economy into balance,” said Neel Kashkari, the President of the Minneapolis Federal Reserve Bank.

Yet, those higher rates mean higher interest on credit cards as the new data shows that American families are using their plastic just to pay the bills.

Danny Kofke, author, and motivational mentor with Mentoro says the numbers indicate so many people need financial wellness. “I think it says we like to spend money,” he said.

Kofke believes that the higher prices are forcing Americans to borrow more money. The problem is that using credit cards only puts consumers deeper in the hole. Per his example: someone who racks up $5,000 on a credit card could pay 1.25% of the balance, with an 18% interest rate.

“By the time you’re done paying off that $5,000 debt, it will cost you over $12,000 and take you over 22 years, not months, to pay it off,” said Kofke.

His example shows how people don’t consider the total cost beyond the minimum payment, which explains why credit card balances just surged by the largest amount in 20 years.

“Debt is so tricky,” Kofke said. “We’ll even go back to Proverbs: ‘The borrower is servant to the lender.’ Solomon wrote that over 2,000 years ago before there were Walmarts, Target, and the only Amazon was a river. And it’s still true today.”

I believe that God wants to bring side streams of revenue to Christians all around the world, just like you and I. I am prophesying that this is the season of the side hustle all around the world; that God wants to give you another stream of income. God is bringing creative strategies to us because God is the God who gives us the ability to produce wealth. Even in the midst of a recession, there are a lot of God opportunities for you. In this season, begin to ask God what is something you can do to produce more and God will begin to give you ideas and inspiration. He wants to give you strategic side hustles that fit who you are. God has made you to be someone who produces resources for everything you are called to do.  We see this with Israel over and over, in times of hardship God provided for them even though in the world around them all hell was breaking loose, God still provided for His people and He will make a way for you.

Deuteronomy 8:18: “But remember the Lord your God, for it is He who give you the ability to produce wealth, and so confirms His covenant, which He swore to your ancestors, as it is today.”

Shawn Bolz is a TV host, author, producer and a Christian minister. He has been leading conversations in the church, entertainment industry and in social justice that have helped inspire people around the world. Shawn’s deeply connected yet humorous style of speaking, media hosting and coaching, as well as his ability to help everyday people connect to hearing God’s voice, has brought him around the world to meet with churches, CEOs, entertainers and world leaders. To find out more, listen to Shawn’s full podcast on Prophetic Perspectives with Shawn Bolz.

CHARISMA NEWSLETTERS

Stay up-to-date with current issues, Christian teachings, entertainment news, videos & more.

The latest breaking Christian news you need to know about as soon as it happens.

Prophetic messages from respected leaders & news of how God is moving throughout the world. 


MORE FROM CHARISMA

Prophetic Words: End of Year Prophecies to Guide You into 2023

Prophetic Words: End of Year Prophecies to Guide You into 2023

Chris Reed's Prophetic Word Over China: Unprecedented mass protests are unfolding right now across China. The country is seeing the largest pushback in decades, following their "zero COVID strategy" still in place today. China's Communist Party has continued to...

Declaring a Great Awakening Among Prodigals

Declaring a Great Awakening Among Prodigals

Read Time: 1 Minute 23 Seconds It’s a shocking statistic! More than 80 and up to 90% of children who grow up in church are leaving the church once they reach 18. Sadly, only 40% return, according to Focus on the Family. I believe, with prayer, we can defy those...

Bible Verse of the Day, Dec. 8th: Advent Season, Isaiah 11:1-10

Bible Verse of the Day, Dec. 8th: Advent Season, Isaiah 11:1-10

Isaiah 11:1-10 And there shall come forth a shoot from the stump of Jesse, and a Branch shall grow out of his roots. The Spirit of the Lord shall rest upon him, the Spirit of wisdom and understanding, the Spirit of counsel and might, the Spirit of knowledge and of the...

Marilyn Hickey: God Can Heal Your Emotional Wounds

Marilyn Hickey: God Can Heal Your Emotional Wounds

Read Time: 2 Minutes 2 Seconds Have you ever broken a bone? If so, you know what it’s like to go through a painful healing process. Consider what that might feel like in the spiritual realm. Sometimes we can get broken in various ways in life, but God wants to “set”...

COGIC Bishop Derrick Hutchins Sr. Dies at 65

COGIC Bishop Derrick Hutchins Sr. Dies at 65

Read Time: 1 Minute 59 Seconds Bishop J. Drew Sheard and the General Board of the Eastern Florida Ecclesiastical Jurisdiction of the Church of God in Christ announced Tuesday the death of one of its most beloved leaders, Bishop Derrick Hutchins Sr. Hutchins was 65....

RECENT ARTICLES

Don’t Criticize Charismatics

They are saying the charismatic movement is divisive. Whenever people get involved in the "new emphasis," there are disruptions in the status quo. Red flags go up. Lines are drawn. I would ask: What...
Jonathan Cahn Reveals the Mystery of the Molten Beast

Jonathan Cahn Reveals the Mystery of the Molten Beast

Read Time: 6 Minutes, 42 Seconds Is it possible that ancient entities known as "the gods" have returned to our world? Could these gods actually be the unseen movers and catalysts of what's happening in America and the world today? Could they lie behind the current...

Shining the Light of Jesus in Hollywood’s Darkness

Shining the Light of Jesus in Hollywood’s Darkness

Read Time: 3 Minutes 37 Seconds Most made-for-TV Christmas movies are like eggnog and sugar cookies—way too sweet, yet extremely addictive for a lot of viewers. But these Hallmark-style movies—the ones with predictable love stories that always end with jingling bells...

Prophecy: Goodness Is Following You, Turn and See

Prophecy: Goodness Is Following You, Turn and See

Read Time: 1 Minute 51 Seconds At a recent gathering where a member was struggling, I heard and declared by the Spirit of the Lord, “Goodness is following you, TURN and see; embrace His goodness in this moment and watch the shift!” There was an immediate shift and...

Man Who Spent 23 Minutes in Hell: You Came From God

Man Who Spent 23 Minutes in Hell: You Came From God

Read Time: 2 Minutes 25 Seconds If you search the phrase, “where does life come from?” the first explanation reads: “The origin of life is a result of a supernatural event—and readily arises from nonliving matter in short periods of time, today as in the past.” The...

Raise Your Praise!

Raise Your Praise!

These are the days that may leave you feeling defeated. You may be wondering when these present trials will end or how can you strengthen your faith for the battle as you wrestle against powers and principalities that come against you, in addition to the challenges...

Unsplash

Pin It on Pinterest