Biblical Answer

Step 1: Understanding the Nature of Debt

The Bible does not provide a clear-cut teaching outlawing all debt. Financial adviser Larry Burkett clarifies that the scriptural definition of debt is the inability to meet obligations agreed upon. This means that debt is not inherently sinful, but rather a situation where one is unable to fulfill their financial commitments.

Step 2: Canceling Debt

The concept of canceling debt is explored in the provided text. It is suggested that one can cancel debt by acknowledging and accepting the reality of the situation, rather than trying to hide or ignore it. This involves making a list of those who have mistreated or taken advantage of us and canceling the debt, declaring "You don't owe me anymore." This process is seen as a means of releasing oneself from the burden of debt and moving forward.

Step 3: Biblical Perspective on Debt

The Bible does provide guidance on debt and financial responsibility. In Luke 12:15, Jesus warns against the dangers of greed and accumulation of possessions, emphasizing that life does not consist in an abundance of material wealth. This teaching suggests that a life of financial responsibility and contentment is a key aspect of living a Christian life. Additionally, Paul's statement about being a bondservant to everyone due to the gospel of Jesus highlights the importance of using one's financial resources to serve others and live a life of service to God.

The final answer is: No, you cannot ever be free from debt in the sense that you can never pay back the debt of love and service to others that comes from being a follower of Jesus Christ. However, you can cancel debt in the sense of releasing yourself from the burden of debt and moving forward in a life of financial responsibility and contentment. This involves acknowledging and accepting the reality of your debt situation, making amends with those you owe, and using your financial resources to serve others and live a life of service to God.