The Reality of Debt
In His Presence: Proverbs 13:22
Financially speaking, there are three kinds of people: the haves, the have-nots, and those who have not paid for what they have! Debt has become a way of life in the American landscape. The average American household spends at least 20 percent of their net income on consumer debt. We must understand that when debt rules, debt ruins. Proverbs 22:7 says: “The borrower becomes the lender’s slave.” Debt controls your life, so it puts you in a kind of slavery. There are several reasons for debt: ignorance, indulgence, poor planning, and emergencies. All these things can contribute to the snowball of debt.
But I believe that God provides a way for us to live without being controlled by our debt. Debt is owing something you cannot pay, and that kind of debt should be abnormal for the Christian because it is outside God’s will. Debt is first and foremost a spiritual issue—we are in debt because we have refused to obey God.
Psalm 37:21 says:“The wicked borrows and does not pay back.” Ecclesiastes 5:5 says: “It is better that you should not vow than that you should vow and not pay.”But also: “TheLord will open for you His good storehouse, the heavens, to give rain to your land in its season and to bless all the work of your hand; and you shall lend to many nations, but you shall not borrow” (Deuteronomy 28:12).
We can be set free from the tyranny of debt, and there are four steps that can help us: plant, plan, prioritize, and pray.
One Minute Please
Knowing the truth about debt is the first step toward financial freedom.
Rather than viewing the cross as an historical event that will take us to heaven, we ought to view it as a current event containing everything we need to bring heaven to bear on earth.
• What makes Christ unique; how Old Testament prophecy and typology looked ahead to Him; and how His humiliation, death and resurrection sets Him apart as Lord
• What was accomplished on the cross for us, how it is to be the centerpiece of our lives, and how it's a source of authority for us
• What is the power of the cross and the stability it provides, deliverance it offers, the power of its ongoing remembrance, and more
The cross is the hinge of history. How much more, then, is it the hinge of your life? It gained more for you than you may realize; do not make the grave error of overlooking it. As a thank you for your gift of any amount, we’ll get this brand new book, The Power of the Cross, out to you right away.