Lender or Borrower

September 22, 2016 Kingdom Daily Wisdom

Book: Proverbs 22

“Just as the rich rule the poor, so the borrower is servant to the lender.”

Which would you prefer to be a borrower or lender?

We live in a credit culture today which encourages citizens to buy on credit and pay for the item later. Regularly we receive offers to receive new credit cards or increase the amount available on our cards. I am amazed at how much credit financial institutions are willing to give us. Statistics constantly show that people are taking on more debt while their income is not growing. If interest rates were to increase a fraction of a percent then many people would have to default. The pressure this brings on a family or individual can be unbearable.

Although some act as if, or would like to believe that, debt doesn’t have to be paid back. Lenders will eventually start calling, sending notices and taking legal action. The stress level increases until the money borrowed is paid back. This can limit opportunities for a person now and in the future.

Many students have gone through university and come out with not only a degree but also a large debt. I have seen where, because of their debt, graduated students have not been able to move into their field of interest. Instead, they have had to take any job that comes up just to service their debt. Some who have wanted to go overseas as a missionary have had to wait until their debt is gone. Others who have wanted to start their own business have had to work at building someone else’s business. Couples who have wanted to start having children have had to wait years and instead spend time paying off debt.

Those who are out of debt and have a savings plan are able to take advantage of opportunities that come their way. They may help those who are in need, provide opportunities for others less fortunate, or purchase when everyone else is selling at rock bottom prices.

If you find yourself in debt, I would encourage you to consider how you can move yourself out of that position. If you are not sure how to get out of debt, then seek out someone who is able to help you. One christian website you might want to look at is masteryourmoney.com. Check to see if there is someone in your church who can help guide you. In all things, seek the Lord and ask for His help.

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