The world tells you one thing. But there is a better way.
world says credit is an important part of your financial identity. the more credit
cards you have, the better your lifestyle can be. Anything is within your
grasp if you can simply get the payments low enough.
discourages debt because it presumes upon the future - and on God. If you are
concerned about economic uncertainty, the last thing you want to do is to take
anything about the future for granted.
has two primary dangers.
debt always presumes upon the future. If you go into debt, you are obligated to
repay - yet you take on that obligation without knowing for certain whether you
will be able to repay or not.
debt may deny Him an opportunity to work. For instance, if Ron Blue had funded
the start-up of his financial planning practice the "normal" way through
a line of credit, he's convinced he would have prevented Him from providing the
necessary funds - as He miraculously did!
financial forecast calls for difficult times ahead, you should work to get rid
of all debt. To do otherwise is to presume on the future.
- the flip side of compounding
- works against you financially.
your loan interest as well as your compounding interest with our calculators.
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