Written by: Robbie Cairncross
Article source: JOY! Magazine
Owe Man Nothing But Love
“The borrower is always slave to the lender.” – Proverbs 22:7
Household debt is at 72.7 % of disposable income in South Africa. In other words, about three quarters of household income is spent on debt. In SA, 25.85 million people are in debt, 10.3 million are behind in their payments, 5 million have judgements.
Debt is at epidemic proportions
Debt is singularly the greatest thief of one’s progress. It weighs one down like an anchor of an ocean going vessel. It is powerful enough to make one feel hopeless and powerless. It removes the value of money. It drives one into survival mode exchanging a quality of life and liberty into being enslaved. One becomes its servant. The currency of debt is anxiety and stress, changing one’s character every month end. There is an answer.
Debt is a cash flow problem
Many people say, in a numb state, that they are unable to pay their debt. They then rush off to a debt counsellor and pay them with money they do not have, to be kept in debt. Sometimes for life. Debt is nothing more than a cash flow problem. In other words, too little income and too many costs. The simplest way to get out of debt is to increase one’s income and cut one’s expenses. There are a number of ways to do this.
Spiritual vs natural
In my courses, I provide 3 practical ways and 1 spiritual way to get out of debt. Buy and sell, get a second job, and cut costs. Very often the spiritual is the inverse of the practical. An example of this is that the more one saves, the more one will have, and this is logically natural. In the spiritual realm, the opposite is true. The more one gives, the more one will have. This is supernatural.
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