DEBT FREE!

Money is essential to living. No money means that we cannot survive long. This is why people call it "making a living" for that is exactly what it is. Money is a life or death issue. Money is not neutral. It is to be used to maintain life. The Bible does not condemn money. Why would the Bible condemn something that is vital to maintain life? What the Bible condemns is the love of money, because the love of money is idolatry and this is clearly forbidden by the Second Commandment.

What is debt? Debt is a loan for goods or services. It is borrowing money for something that you do not have the money currently to pay for. A loan can be useful, such as a business loan or detrimental, putting essentials on a credit card and not paying the credit card balance off on a monthly basis. Debt is negative because it is something that is taken away when figuring net worth. It is not something you own, but something you owe.

Debt is getting something today that you have not earned the money for yet. Debt is thus unearned. Paying back debt is based upon future earnings. This means that in a sense you are mortgaging your future when you go into debt. Debt limits your freedom. When you are in debt, you are working for your creditors, not for yourself. This means that you are paying for someone else’s living and taking away from your own living. Thus, debt is a form of death.

We live in a world where there is no neutrality. It is either life or death. Every item can be put into one of these categories. Being in debt is living on borrowed time. Your time no longer is yours. It belongs to your creditors. They expect to be payed back and so they want you to be out working for them. This is a situation of bondage and slavery. Debt puts you into chains. Some debt is necessary at times, but it should be limited and manageable within one’s budget.

I have just paid off all of our debts. We are now debt free! This was a goal of mine that I made last summer. What is good about it is that I was able to pay off all of our debts in less than a year. When you save money on a weekly basis, you can build up a big enough amount to pay off credit card debt with one payment. Even if you pay more than the monthly minimum on credit card debt, it will take you years to get out of debt this way.

The credit card company is getting rich off the interest you pay, while you get poorer. They keep gaining, while you keep losing. It is time to get off that never ending treadmill. Pay these vultures off. The key to reducing debt is to take the emotion out of it. Most people are emotionally attached to their money. Money must be viewed from the vantage point of life. If more money is going out than coming in, then death will occur. It is called bankruptcy. It is a form of death. Whatever you do get debt free and really live life.