You are a slave to the Lender!
Turn to and read Proverbs 22:7. If there ever was a verse addressing the spendthrift yuppie generation it is this one. We somehow think we can spend ourselves rich. We want right now what our parents worked a lifetime for. And there is a quick way to get it–charge it. So quickly we mount huge debt. Through the use of plastic it doesn’t even seem like spending money, but a $7,000 or $10,000 limit is quickly reached. We are financially enslaved to our bank cards.
Read a very interesting verse, Proverbs 22:27 – If you have nothing with which to pay, then CHARGE IT! a commercial might say. But not Proverbs; “why should he (the lender or creditor) take your bed from under you?” It is as if the one with “nothing to pay with” has used for collateral the very thing which gives sleep, comfort, and rest. Perhaps it is describing the sleepless nights spent worrying about the debt accumulated from borrowing. In a figurative way, the creditor has “taken your bed from under you.”
Be careful with debt. Don’t spend more than you make. If we complain about the huge federal deficit can we be so two-faced and spend ourselves into debt? If in seeming uncontrolled debt then get some professional help. Many bankruptcy attorneys offer methods in family financial planning short of bankruptcy. Seek out some help. The avoidance of debt, or getting our debt under control is one way to make your money grow.
Saving gives you Freedom
Another way to make your money grow is by saving it. Encouragement to saving money is imaginatively stated in Proverbs 13:22. Read it for yourself.
An attorney friend of mine who handled many personal bankruptcy cases first fully analyzed a client’s financial situation. More often than not he was able to consolidate their debts, arrange their accounts and payment structure so that not only was filing bankruptcy unnecessary, but also provided a way for them to start a family saving program! Admittedly, it was usually not much (maybe only $50 or $100 per month) but it was something. More importantly was an attitude they developed. Most people want to save, but they would not think of not paying on their accounts. This attorney advised them to “think of yourself as one of your creditors.” Such a mindset allowed them to grow their money through savings.
Amazing things happen to savings which generate interest and accumulate over time. Even with relatively modest amounts, figures of compound interest are sometimes startling! Yes it is possible even with an ordinary income to make your money grow through savings, and leave an inheritance for your children.
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