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ABCs of Financial Freedom - Bondage

Messages

ABCs of Financial Freedom - Bondage

Mike Popenhagen

6 Realities of Debt

  • Debt obligates us to someone other than God.
Proverbs 22:7 The rich rule over the poor, and the borrower is slave to the lender.
  • Debt is something God wants us out of.
Deuteronomy 28:12-13 The Lord will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none. 13 The Lord will make you the head, not the tail. If you pay attention to the commands of the Lord your God that I give you this day and carefully follow them, you will always be at the top, never at the bottom.
  • In scriptures, debt was limited to 7 years.
Deuteronomy 15:1  At the end of every seven years you must cancel debts.
  • Debt has the possibility of dictating our future. 
Luke 12:59 I tell you, you will not get out until you have paid the last penny.
  • Debt can affect our relationship with God, our family, and our marriage.
  • The Bible does not condemn debt, it directs us to have a trajectory to get out of debt.
Romans 13:8  Let no debt remain outstanding, except the continuing debt to love one another, for whoever loves others has fulfilled the law.

6 Bondage Breakers

  1. Commit to God to get out of debt.
  2. Don’t acquire any more debt.
  3. Put God first in your finances.
  4. Develop a written plan.
  5. Put it on a time frame.
  6. Adjust your lifestyle.