Are You Dying From Debt Related Stress?

Yesterday we discussed saving money for an emergency fund. Today we will look at what is becoming a lost discipline: saving money for purchases. We live in an instant gratification society and we feel that just because we want something, we should have it right now – whether we can afford it or not. How do we make it happen? Debt!

IDebt Word And 3d Character Showing Bankruptcy And Poverty believe debt is financial cancer and it is killing people financially. Proverbs 21:20, says; “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has” (NIV). It is unwise to just blow all we have and then when we find something we want, we just go into debt for it.

young couple worried at home in bad financial situation stress asking for helpDebt-related stress destroys marriages, reduces productivity in the workplace, and in some cases, it is literally killing people (Check out “Maxed Out” by James D. Scurlock). It is okay to purchase material wants if you are financially responsible when you do so. A big part of being financially responsible is saving up the money to make big purchases instead of going into debt.

Dave Ramsey says, “One definition of maturity is ‘delaying pleasure.’” Remember, “In the house of the wise are stores of choice food and oil, but a foolish man devours all he has” (Proverbs 21:20, NIV). The wise and mature thing to do is save up for big purchases.

debtDebt is a killer! As I said before, debt is financial cancer that is killing people that would otherwise be financially stable. By the way, the belief that the poor must go into debt to get by is a myth. I realize I may get some backlash from that but it is true. As a matter of fact, the less money one has, the more fatal going into debt will be.

debt stressI have had money and I have not had money and in neither case has debt been an asset.   To be honest, over the last 17 years, other than a mortgage I had for about 13 years, I have not had any debt. The freedom I have had during times of plenty and times of…well… not so plenty – I can greatly attribute to my and my wife’s refusal to go into debt.

So, go ahead and get you some “stuff’, just make sure you can pay for it without going into debt. And if you cannot pay for it, at least have the wisdom and maturity to delay that pleasure long enough to save up and pay cash!

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_MG_6842cropTommy Lanham is a dynamic, award-winning speaker who has been training individuals and organizations to reach their God-given potential for 25 years. With a unique blend of Ziglar motivation and ragamuffin faith, Tommy delivers powerful, life changing messages filled with humor, hope, and enthusiasm.

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Gandhi & Michael Jackson – Religious Leaders?

plank-eye.jpg“Do not judge others, and you will not be judged.  For you will be treated as you treat others.  The standard you use in judging is the standard by which you will be judged.  And why worry about the speck in your friends’ eye when you have a log in your own?  How can you think of saying to your friend, ‘Let me help you get rid of that speck in your eye,’ when you can’t see past the log in your own eye.  Hypocrite!  First get rid of the log in your own eye; then you will see well enough to deal with the speck in your friend’s eye.”  
                                                    -Matthew 7:1-5 (New Living Translation)

This principle taught by Jesus is also taught by other religious leaders like Gandhi and Michael Jackson (Man in the Mirror… and no, I’m not serious about MJ being a religious leader).

It is similar to the concept that you cannot give what you do not have.  You cannot give good financial advice if you are broke.  You should not try to help somebody live a healthy lifestyle if you are not living a healthy lifestyle.

gandhiGandhi’s sister (not Michael Jackson’s sister… her name is Janet… or LaToya…. or Reba, but you never hear about Reba; I wonder what she did with her life…. well…. anyway….) once brought her son to Gandhi and said “Please tell my son to stop eating sugar.”  Gandhi responded, “Bring him back next week.”

A week later, she brought her son back and Gandhi looked at the boy and said, “Stop eating sugar.”  She asked him why she had to come back a week later.  He responded, “Because last week, I was still eating sugar.”

In Galatians, Paul encourages us to gently restore someone who has sinned.  I believe that is the role with our spouse or any other brother or sister in Jesus.  Of course, it must be gentle and for the purpose of restoration.

We should only point out any follower of Jesus’ sin if we follow these 3 guidelines:

  1. We must take care of the sin in our own life first.
  2. Be gentle in dealing with other’s sin.
  3. Only point out the other’s sins if it is for the purpose of restoration.


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