Oct 2, 2008

HOW TO COME OUT FROM DEBT


DEBT
What is debt?
(John Haggie, mentioned in one of his sermon
DEBT “ Doing Everything But Tithing”
To tell it simply DEBT is a curse and it is accepted throughout the society all over the world.
To tell you more about the curse .I want to quote something from the word of god.
The Bible says; in (Deu 28:15) But it shall come to pass, if thou wilt not hearken unto the voice of the LORD thy God, to observe to do all his commandments and his statutes which I command thee this day; that all these curses shall come upon thee, and overtake thee: As per this verse because of our sin and as we are away from the lord this is one the way which Satan targets.
(Deu 28:44) He shall lend to thee, and thou shalt not lend to him: he shall be the head, and thou shalt be the tail.
Because of temptations we fall into this trap.
What are the ways to fall into the DEBT?


THINGS, WHICH CAN BE CONTROLLED
1.Over expenditure.
2. Frequently going for shopping and eating outside unnecessarily.
3.Want to purchase what whatever I see.
4. Just want to show off.

CREDIT CARDS
1. Tempted by the salesman's presentation
e.g. cash back offers, interest free purchase

PERSONAL LOANS
Personal loan interests are abnormal.

HOME LOANS
Without having proper income going for home loans.

CAR HIRE PURCHASE
Above the capacity buying the car.

Others
For temporary relief availing high interest loans.
THINGS WHICH ARE OUT OF CONTROL
-->Sudden medical expenses.
-->Death of the earning member.
-->marriage or higher studies.


How to get rid of DEBT
As you are aware that DEBT is a curse. We should not die with the curse. (Gal 3:13) Christ hath redeemed us from the curse of the law, being made a curse for us: for it is written, Cursed is every one that hangeth on a tree: Through Jesus only we can come out of the curse.

Remedial actions to be taken
Stop thinking loan is an alternate solution during financial crunch List out all the liabilities, and present the same to lord’s feet to rescue from the debts. Need to have a plan for paying debt off, Procrastination. Waiting for the perfect solution to come along will end up deeper in debt. Choose your approach, and start getting out of debt today ! You may rethink in doing frequent shopping “ window shopping” in major shopping malls, which are the causes for temptation, which will conceive within us to take a decision to get Surrender all personal credit cards. Make sure to have a Health Insurance & Term Insurance

REMEMBER MONEY SAVED IS MONEY EARNED.
TRY TO IMPROVE YOUR INCOME
!st oct 2008 update
As we all know that there is a financial crunch all over the world.People once speaking of Share market and Real Estate are just going in opposite direction.The share market index is not stable.Country like America Home loan defaulters are more now a days.Same can happen to our country also.Just before going for a loan think twice .You can live with out a home peacefully rather with pain for years by owning a house with DEBT.
Above all if you are a child of God who created the entire world there is no need to panic as he is your source and through the blood of Jesus you are saved and the heaven is waiting for you.
Post a Comment