I think a certain amount of debt is unavoidable - unless you are a person of unlimited means. I hate it and try hard to stay debt free, but... it isn't easy.
However, I do believe this little booklet will not only ensure that I stay out of debt, but it has already taught me how to half my living expenses!
I'll happily share the link with you.
The book is inspiring, loaded with good, money-saving ideas, and in short, couldn't have come at a better time. I do believe it'll help a LOT of people. Let me know what you think?
Please e-mail me. Thanks.
St Jeremiah wrote:High ticket items like homes, vehicle, computers, appliences, ect will lead to temporary indebtedness. A Christian is to purchase what he needs within the means God has given him. This may mean a loan or credit to cover what is not availble in ones personal account. But he is to get out of the obligation by paying it off quickly so as to shorten the obligation to the lendor and return to the better state of being debt free. Christians who get indebted just to have a certian lifestyle...and pays only the required minimum payment and adds other debts...is not using the means wisely...and becomes a servant to the lendor. Their witness will be tarnished and they will add stressors to their lives that will take their eyes off of living for God.
Christians who get indebted just to have a certian lifestyle...and pays only the required minimum payment and adds other debts...is not using the means wisely...and becomes a servant to the lendor. Their witness will be tarnished and they will add stressors to their lives that will take their eyes off of living for God.
Since you mentioned Thatcher's "privatisations," what badness happened there? Or could you provide a link?
I have a much bigger problem with that than with so-called "free" education (BTW my parents and grandparents had paid - bucketloads of tax - for my 'free' privileges). But then I benefitted not just from "free" university education but also from a small degree of "free" (and tax-free!) living expenses for three years. It wasn't enough to make you rich (or even to invest in Maggie's (de)privatisations) but it was much better than a kick in the teeth or $50,000 bucks of debt to start working life with!
Excessive borrowing has probably driven up housing and school costs faster than inflation since easy credit increases demand. It thus makes it harder for those who prefer to pay cash (like me). The government could do more good by limiting loan periods to 7 yrs. than by expanding tax-funded or subsidized socialistic measures like "free" education.
No doubt you have been required to take out death (aka "life") assurance in order to qualify for a mortgage, but have you insured yourself against every other form of calamity short of death?
If not, are good intentions enough "to live up to its intentions of paying"? Is there not an element of presumption in presuming that God will provide us with the +-25 years of health and employment to meet these obligations?
Personally, I think it is a real dilemna. Limiting yourself to house loans is probably wise and prudent but even then it may still be unwise to max out on available mortgage arrangements.
One should tell them "Luk 12:48a But he that knew not, and did commit things worthy of stripes, shall be beaten with few stripes. For unto whomsoever much is given, of him shall be much required:" Responsibility is mentioned here as Biblical. If one wants it, then the person must do the labor in order to rightfully receive it. If one is given a house w/ contract, there is a requirement to pay it off on time.
Hinderence to testimony is like a payday to the Devil. Reputation of righteousness, those who call themselves Christians ought to have this characteristic or else the wrong idea of our Lord is the stake and that is BLASPHEMY! Good news is through the grace of God to accomplish the daily task of work.
Personally, I would not take any loan, except on house alone. Thankyou and God Bless