The borrower is a slave of the lender.
This program will help you undo financial bondage.
Your creditors will not tell you about the grief that accompanies consumer debt. When you don’t have a mindset to eliminate debt and stay out of it in the future, it eventually renders you unable to pay your loans and for things you really need. Loans may not seem bad when you apply for them, but they become especially harmful to you and your family when you don’t do with them the good thing that is intended (finish college and get a high paying job, purchase a home that never declines in value, purchase an investment that always appreciates in value, etc.). They also become especially devastating when you’re thrust into a period of layoff, demotion, and /or failed business endeavors.
You are not to be fearful of what life may bring, but you are to be aware of the above possibilities so you can order your life in a way that aligns with being a good steward so you can properly love God and love people with tithing and offering and do your part to properly care for the needs of your family now and in the future. The latter responsibility certainly does not mean that you have to or should provide them with all the material things you or they want. It means you need to trust in the Lord and thus be wise, in accordance with scriptural instruction, about the proportion of your income that goes to giving, saving and spending and you need to be careful to stay out of debt.
Over the past three decades, men have turned national economies in the direction of operating in a manner that shows that employer loyalty to employees and vice-versa is a thing of the past for many people. A result of this societal attitude change toward caring for one another is massive layoffs by many businesses because it is considered the remedy for every situation where the business is not as profitable as Wall Street analysts want it to be and it is a play that is expected by Wall Street powerbrokers and it is what businesses are lead to believe is necessary for commercial banks to provide them future loans / lines of credit.
Another result of the shifting loyalty is employees moving from employer to employer in two to five year intervals (even when they could stay on a long-term basis) because they believe that this is necessary to achieve the good life (all the material things they’ve ever wanted).
Published in: Personal Finance