I will RESPONSIBLY pay off my debts
DECLARATION & RESOLUTION #2
The second step in the Live Recession Proof Now Training Series focuses on teaching Christians to Responsibly Pay Off their debts.
If you have been part of the Christian community for a few years, you probably know that there are lots of great teaching, teachers, and training materials that focuses on Paying Off Your Debt or the need for debt elimination. Some of our favorite teachers are:
On the surface, if you are familiar with these teachers and others like them, you might assume or conclude that there is nothing unique about another approach to eliminating debt. Before you do, take time to understand (Prov. 4:7) the difference in the approach used by the Live Recession Proof Now program.
Most of the material and training from the teachers above focuses on the need to eliminate debt for one or more of the following reasons:
- Being in debt is wrong or not a good testimony
- Eliminating debt, frees up your household and/or disposable income
- Debt elimination, eliminates stress from your life
- Being debt free, provides you more opportunities to give
- Being in debt is condemned by the Bible
- The borrower is a servant or slave to the lender
- Getting out of debt can help to improve your credit score
- Being debt free allows you to help others
- And many more…..
All of the above are great motivations that millions have used to become debt free. Most of the above can even be confirmed as an obligation or mandate from Christ – through a diligent searchof the Scriptures.
Yet, it is the conviction of the team at Isaacs Marketing group, that the above principles usually don’t go far enough to help the average Christian to become more than just a “hearer” of the Word, in their effort to get out of debt. There is a motivation that transcends those listed above, and we believe this should be the motivation behind EVERYTHING we do! For the Christian, our chief or main motivation in all things must be, to Glorify God! – 1 Cor. 10:31.
Therefore, the first goal of step 2 (Responsibly pay down your debt) provides not just the How and What, but the primary Why for debt elimination!
It teaches the Christian what it means to Glorify God in debt elimination and how and why that must be their chief aim. This motivation is just as important as worship, church attendance, evangelism, and anything else that the Christian regards or deems as important. This is part of the goal of step 2. The mandate to Glorify God, removes many of the self-centered reasons (James 4:2) for debt elimination that hinders the Christian from accessing the power of God. It is an aid in their goal to achieve success! This motivation also empowers the believer to make Christ’s name famous by developing Christ like characteristics like:
Without these Christian virtues, your commitment will only last as long as your conscious-resolve. And without heart motivation to take action now, you will never make a long term commitment to responsibly pay-off your debt. No, it’s not enough to agree with all the reasons given above. Your motivation must go beyond your personal wants and desires.
As you lay the foundation to Recession Proof your life and develop multiple streams of income, it is important that you develop the desire and feel a strong obligation to pay down all your debts. Therefore everything that is taught finds its motivation in the scriptures.
As a student of the Word, you know what Romans 13:8 teaches,
“Owe no man anything, but to love one another: for he that loveth another hath fulfilled the law.”
The message to pay off your debts is one that most Christians feel an obligation to take care of. Like the message to Live on less than you make, the responsibility to pay off your debt is not a profound message. Most Christians believe they should live debt free, but often lack the skills, motivation, and desire to do so. This program offers the training and accountability to achieve success!
See also: Pro_3:27-28; Mat_7:12, Mat_22:39-40
Once there is commitment to get rid of debt, the training focuses on how to do it responsibly so that it doesn’t take other areas of life out of balance.
You can find advice on paying down debt everywhere – in books, on the internet, television, financial experts, credit counselors, and organizations. Most teach that the first step is to:
- Gather all the bills you have
- Know who you owe
- Know the total amount of debt you have.
This 1st step in debt elimination is a great start in removing the mental and spiritual pressure that we endure when we are uncertain about the state of our financial obligations or how to get rid of them.
In Module 2, not only will you get helpful tips on how to begin paying down debt, you will also understand the importance of getting control of your spending from a biblical perspective. Freedom can be obtained through diligence, self-denial, sacrifice, and patience.
For great commentary on Romans 13:8, check out Albert Barnes below!
Owe no man anything – Be not “in debt” to anyone. In the previous verse the apostle had been discoursing of the duty which we owe to magistrates. He had particularly enjoined on Christians to pay to “them” their just dues. From this command to discharge fully this obligation, the transition was natural to the subject of debts “in general,” and to an injunction not to be indebted to “any one.” This law is enjoined in this place:
- Because it is a part of our duty as good citizens; and,
- Because it is a part of that law which teaches us to love our neighbor, and to “do no injury to him,” Rom_13:10.
The interpretation of this command is to be taken with this limitation, that we are not to be indebted to him so as to “injure” him, or to work “ill” to him.
This rule, together with the other rules of Christianity, would propose a remedy for all the evils of bad debts in the following manner.
- it would teach people to be “industrious,” and this would commonly prevent the “necessity” of contracting debts.
- it would make them “frugal, economical,” and “humble” in their views and manner of life.
- it would teach them to bring up their families in habits of industry. The Bible often enjoins that; see the note at Rom_12:11; compare Phi_4:8; Pro_24:30-34; 1Th_4:11; 2Th_3:10; Eph_4:25.
- Religion would produce sober, chastened views of the end of life, of the great design of living; and would take off the affections from the splendor, gaiety, and extravagances which lead often to the contraction of debts; 1Th_5:6, 1Th_5:8;1Pe_1:13; 1Pe_4:7; Tit_2:12; 1Pe_3:3, 1Pe_3:5; 1Ti_2:9.
- Religion would put a period to the “vices” and unlawful desires which now prompt people to contract debts.
- it would make them “honest” in paying them. It would make them conscientious, prompt, friends of truth, and disposed to keep their promises.
But to love one another – Love is a debt which “can” never be discharged. We should feel that we “owe” this to all people, and though by acts of kindness we may be constantly discharging it, yet we should feel that it can “never” be fully met while there is opportunity to do good.
For he that loveth … – In what way this is done is stated in Rom_13:10. The law in relation to our neighbor is there said to be simply that we do no “ill” to him. Love to him would prompt to no injury. It would seek to do him good, and would thus fulfil all the purposes of justice and truth which we owe to him. In order to illustrate this, the apostle, in the next verse, runs over the laws of the Ten Commandments in relation to our neighbor, and shows that all those laws proceed on the principle that we are to “love” him, and that love would prompt to them all.