Monday, January 1, 2018

10 Practical Lessons (Five of 10)

Lesson 5 - The Road To Ruin Is Paved With Debt

Regrettably, we live in a culture and economy that encourages debt. The economy is largely built on people buying things that they can’t afford and making up the difference through loans.

A loan here and there – for example a car loan, and certainly a mortgage – are sometimes necessary. But if you find yourself borrowing money on credit cards to pay for clothing, restaurant meals, vacations, and various toys – or even borrowing too much to buy a house or a car – you are likely setting yourself up for an eventual disaster.

Most people don’t realize that they are in trouble with debt until they are already in trouble with it. Easy payment plans make it easy to ignore the true impact of debt, especially when you’re early in the process.

Becoming debt free – or close to it – enables you to keep your financial options open, and that puts you in a better position to achieve some measure of financial independence.

Get into The Word! Romans 13:8; Proverbs 22:7; Matthew 6:24

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