“Pay all your debts except
the debt of love for others – never finish paying that!”
-Romans 13:8
Is the world headed for
economic collapse by the year 2000? In his book, “The coming economic
earthquake,” Larry Burkett, a popular Christian financial counselor, believes
it may be well so. Is there anything that you can do personally to make your
financial position stronger in the future?
1.FIND OUT HOW MUCH YOU OWE
AND WHAT YOU ARE PAYING IN INTEREST ON YOUR OUTSTANDING OBLIGATIONS. Don’t be
like the friend who didn’t bother to even open his bills as they came.
2.GET HELP NOW. For years I
have encouraged churches to set up a stewardship department made up of
successful businessmen who can give of their time in helping families and young
couples handle their finances.
3.GET OUT OF DEBT. Debt is
your inability to pay what you owe when it is due. The primary exception to
this is your home, which in all probability will increase in value over a
period of time. So before you buy anything better, find out what the conditions
are. If there is anything you don’t understand, get someone who will advise
you.
4.START PAYING CASH FOR WHAT
YOU BUY. Larry Burkett offers recipe for getting out of credit card debt.
“Preheat your oven to 425 degrees, grease a cookie pan, toss your credit cards
on it, and bake ten minutes or until done.”
5.WORK TOGETHER AS A COUPLE
AND FAMILY. When you marry, you make a commitment to each other, and money is a
part of it.
6.AKCNOWLEDGE THAT WHEN YOU
HAVE BELONGS TO THE LORD BY INCLUDING GOD IN YOUR BUDGET AND GIVING. Failure
here probably began your downhill slide to trouble. Go deeper into
investigating what God says about money and our lives.
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