In today’s society, debt is perceived as normal, harmless, and necessary… but is this really the case?
I want to suggest to you that debt can be dangerous, and as Christians we should give very serious consideration how much debt we have. I want to highlight the key areas where debt can be dangerous.
- Debt for consumption – with depreciating assets, the problem of course is when the asset is worthless than the debt.
- Debt that stops you from giving – when it overwhelms us so much that we start to question and perhaps even withhold giving to God’s kingdom.
- Debt that traps you – when it puts you into a position where it locks you into a certain pattern of behavior or to a job that you just don’t like. Why have a mortgage so big that prevents you from starting a business that God has put on your heart
- Debt that reduces your ability to meet the need of others – as Christians, we’re called to reach out to help those in need. This is very hard to do if we find ourselves trapped in debt.
- Debt that causes us to violate our beliefs and values – the Bible warn us that having debt can be a form of slavery.
So before going into debt, ask God!
Is it what He really wants for your life?