Today's Show: Why Get Out of Debt Will Keep You Broke
Ok – it’s time to say it like it is. If we continue to think that getting out of debt is the way to financial freedom we are seriously mistaken and actually buying in to Satan’s plan to sabotage God’s people. Deuteronomy 15:6 and 28:2 clearly tell us that Gods people will lend to many nations and have no need to borrow from anyone.
Before I am misquoted and misunderstood on this critical issue, let me be absolutely clear that I wholeheartedly believe that non-productive, expensive debt will keep you in slavery. We have an entire society experiencing that horrible bondage right now and devt clearly needs to be addressed. But to be absolutely clear, the answer is not to reinforce scarcity, guilt, intimidation and pride at your ability to control your spending to get this horrible thing gone from your life.
Debt is neither good nor bad, it just is! And, it is an extremely powerful tool that needs specialized knowledge to learn to use and manage effectively. Today on Financial Grace we’re going to look at the problems with the current obsession with ‘get out of debt’ alongside the problems that debt brings to lives, families and our society. Most important, however, is that we’re going to look at the simple secret that’s not what you hear others talking about that can dramatically increase your debt reduction while also increasing your emotional and financial freedom right away! This secret is critical because it addresses the very reason debt was accumulated in the first place!