After the Worst Week on Wall Street Since 2008, Financial Expert Offers Two Words of Advice: ‘Don’t Panic’

Financial expert and No. 1 Amazon best-selling author John Madison has watched the sudden drop in the stock market with great interest over the past week. Although the tumble is reminiscent of the 2008 downturn, he says there is no reason to panic.

“There are several issues going on right now,” says Madison. “Fears of a spreading coronavirus disrupting the supply chain for goods traded around the world have raised concerns that company profits will suffer. This concern for lost 2020 profits is driving down the price of shares. Standing sell orders have been triggered, leading to more selling and even lower prices. Investors whose portfolio didn’t match their risk tolerance often sell from fear in these times, locking in losses, because the losses are too large for them to accept.

This is why it is so important for people to build a portfolio suitable for their own personal needs, not follow the investing advice of a television analyst.”
Madison offers many investing tips in his new book, The Steward Plan: Understanding God’s Design for your Finances.

Madison combines three decades of experience in financial planning with what he considers the most comprehensive workbook on money-management—the Bible. He says the current financial crisis should be handled prudently.

“More volatility, both up and down, may be coming over the next several days and trying to predict what will happen is impossible,” says Madison. “The best advice I can give is don’t trade from fear. Take a deep breath and turn off the news if you must. Review your holdings and consider selling some bond funds to purchase stock funds that are on sale.

This will also re-balance your portfolio to the proper mix for your risk tolerance and time frame. Have future 401k contributions allocated 100% to stock funds to dollar cost average into the market at lower prices. View this moment as a buying opportunity, not a time to panic. Keep your focus on the long-term, which is what you should be doing if you’re investing in the stock market. Even the 2008 financial crisis was overcome in a few short years and there is no reason to think (at this point) that this drop will be anything near that bad.”

Madison retired from his work as a CPA at the age of 49, and now offers personal financial counseling as well as free workshops to churches and charities. He says the new tax laws may negatively affect a lot of churches, and he wants to be sure church leaders, as well as their congregations, are aware of the ramifications of their stewardship.

“In my counseling ministry, I have yet to meet anyone who regretted tithing or feels they would have been better off financially or spiritually if they hadn’t done so,” says Madison. “Our stewardship is laid out clearly in the Bible. Jesus Himself addressed the principle of developing a spending plan, a budget, in Luke 14. We can’t expect to maximize the value of the wealth He has blessed us with by managing it without a plan. And though being in debt is not a sin, there are no verses in the Bible praising it either. In fact, the borrower is called a slave to the lender (Proverbs 22:7).

We are set free through Christ. Let’s not return chains to ourselves by being in debt. For most families, their greatest long-term wealth-building tool is their income. Whatever portion is committed to debt payments (even at 0% interest rates) cannot be used to honor God, help others, or build wealth.”


John Madison is a Certified Public Accountant and the founder of Dayspring Financial Ministry. He earned a Master’s Degree in Personal Financial Planning (MSPFP), as well as the Master Planner Advanced Studies (MPAS), CRPC (Chartered Retirement Planning Counselor) and AWMA (Accredited Wealth Management Advisor) designations. He has been featured in the New York Post, Forbes, Chicago Tribune, U.S. News and World Report,,, among many other media outlets. For more information, visit


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