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Your Question:
Can I ever be free from debt?
Answer:
As a Christian, I believe that getting out of debt is crucial for a healthy financial life. According to the Bible, debt occurs when the terms of a contract are violated. This can happen when you owe money for goods or services, the value of your unsecured liabilities exceeds your total assets, or your spending habits prevent your family from meeting their needs. These conditions create a situation where you become trapped in a cycle of debt, which can be detrimental to your well-being. The Bible teaches us to be responsible and avoid debt by living within our means. It's not that debt is inherently evil, but rather, it's the inability to meet our obligations that defines debt. As Christians, we are called to love our neighbors and help those in need, but this should not come at the expense of our own financial stability. In fact, the Bible encourages us to be mindful of our financial obligations and to prioritize our needs over our wants. So, can you ever be free from debt? Yes, you can. By living within your means, creating a budget, and prioritizing your needs over your wants, you can avoid accumulating debt. It's also essential to communicate with your creditors and work out a plan to pay off your debts. With discipline, hard work, and a commitment to living within your means, you can break free from the cycle of debt and achieve financial freedom. As the Bible says, "Owe no one anything, except to love each other, for whoever loves has fulfilled the law" (Romans 13:8).
Sources:
introduction biblical ethics
robertson mcquilkin
proverbs
lindsay wilson
mere christianity
c s lewis
westminster larger catchism
westminster divines
my utmost for his highest
oswald chambers
leviticus
jay slklar
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