MARCH 02, 2020 – Watch Out For The DEBT TRAP

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Watch Out For The DEBT TRAP

March 02, 2020


DAILY PROVERBS:

Proverbs 6:1-3 My son, if thou be surety for thy friend, if thou hast stricken thy hand with a stranger, Thou art snared with the words of thy mouth, thou art taken with the words of thy mouth. Do this now, my son, and deliver thyself, when thou art come into the hand of thy friend; go, humble thyself, and make sure thy friend.


OUTLOOK ON THE IN BOOK:

     Credit was, at one time, something hard to get. You had to keep your nose clean, and not have any bad debts at all to even think of getting a credit card, or a loan. Today however, almost anyone, anytime, and anywhere can get a credit card. Most stores now have their own credit cards. Many have hooked up with major credit cards so you can use the card they supply at other stores as well. Sounds great right? WRONG!

     The problem is, many people today have more credit card debt than they can ever hope to pay off in any reasonable amount of time. If the creditors were to call saying that they were going out of business, and needed you to pay up on your debt, most people do not have the funds to do so.

     Even worse, many are paying just the minimum payment each month. By doing so, you are barely, if even, paying the interest, and will be paying the credit card company forever. Imagine buying a television for five hundred dollars, and paying the minimum payment on your credit card. By the time this set has been paid for, several things will probably have happened. Your grandchildren will have graduated college, the TV will have been replaced twice, and you will have paid a few thousand dollars for your five hundred dollar TV.

     Debt is a trap into which society has tried to drag us. Worse yet, many have jumped into this debt trap joyfully. Sadly, they end up swimming against the tide of interest for years to come. Don’t let the world control your financial future. Let God.


THE WORD WALKING IN ME:

     You may be thinking, “How do I get out of this debt trap?” First, QUIT BUYING THINGS YOU DON’T NEED! If you have an enormous debt, you need to live within your means. Second, PRAY. Ask God for direction, wisdom, and self-control every day. Next, PAY. Begin to pay extra on the debts and they will one day go away. It will take time, but the freedom is worth it.

GOD TALKING TO ME:  March 02, 2020

THROUGH THE BIBLE WITH DAILY PROVERBS
  Numbers 33-36      /     Proverbs 6:1-3

THROUGH THE BIBLE OLD & NEW TESTAMENT DAILY
  Numbers 12-14      /     Mark 9:1-29

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Living In His Word Ministries
       “Getting people into the Word of God…

                               … and the Word of God into people.”

Dr. Franklin J. Senters Th.D.
Founder and Executive Director
Hebrews 2:12

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