Indebtedness
Brethren, the Bible states, “ ..... the borrower is servant to the lender,” (Prov. 22:76). In other words, indebtedness equals bondage.
So, I do all I can to exhort people to get out of debt and to stay out of debt. While some may argue its allowance,
more should argue the wisdom of its removal. Further, it is a present-day fallacy to say one must have debt to live.
Consider four things I have tried to teach my children about money. If followed from youth, debt will not be necessary.
First, you must earn some money. There is nothing better than for a child to begin this while he’s young.
It is not the responsibility of the church or the state to do this.
The state especially has no Bible business to be in the money distribution business. Rather, plan on earning it yourself.
Second, you must give of your earnings. Honor the Lord with the first-fruits.
Take the first part of all your earnings and give to the Lord and His work.
Purpose in your heart how much and give.
Third, you must save some of your earnings. Save before spending. Have a short-term and long-term savings.
Save at least five or ten percent. “A wise man treasures up oil.”
Fourth, you then spend the remaining amount, that is, you live on it. Do so by no borrowing and much budgeting.
Let this remaining amount, after giving and saving, dictate your lifestyle.
There! Follow this fourfold procedure and you will not need debt. I know the world around us and even professing Christianity will argue this,
but at least I said it. In the name of providence and opportunity, many cover up poor management and covetous.
Rather, be content with what God has given and not given you. Don’t borrow and God will bless.
If we can help you in any way to work out of your indebtedness, let us know. It is very possible, even in this age, to live within your means,
have no debt, and be free from the money masters!