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Debt is a fox 7

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  • 1. Gospel Baptist Tabernacle 781 Salem Road, Rossville, GA 30741 Where the Love of God www.rossvillechurch.com abounds, everyone is welcome. Children’s Church taught by Paul and Marsha Davis during preaching. February 16, 2014 1
  • 2. We are studying the Biblical principles for God to supply our needs in this life. This is not a quick fix. Way of life Over time God will supply all of our needs, as we live life His Way. http://www.slideshare.net/dvtpreacher/presentations 2
  • 3. We are going to talk about the real cost of debt. It is more than almost anyone recognizes, because it is a sneaking cost. http://www.slideshare.net/dvtpreacher/presentations 3
  • 4. Car - $6,000 @ 10% for 5 yrs; Mon pay = $127.48 $7,648.8 total 4
  • 5. High interest rates. Interest adds up to be a very hungry fox. http://www.slideshare.net/dvtpreacher/presentations 5
  • 6. Did you know that debt is one of the curses that God placed on His people for disobedience. After looking at these numbers you can see why. Deut 28:43-45 The alien who lives among you will rise above you higher and higher, but you will sink lower and lower. He will lend to you, but you will not lend to him. He will be the head, but you will be the tail. All these curses will come upon you. Disobedience http://www.slideshare.net/dvtpreacher/presentations 6
  • 7. We have become conformed to this world, instead of being transformed by the renewing of our mind, And proving the good and acceptable and perfect Will of God. Many are under the curse of debt, and it is eating up a large portion of God's provision for our needs. Financial problems are long term problems that won’t have short term solutions. 7
  • 8. On the other hand, ability to lend is a blessing from the Lord. Deut 28:12 The Lord shall open unto thee His good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thy hand: and thou shalt lend unto many nations, and thou shalt not borrow. Blessing for willing obedience http://www.slideshare.net/dvtpreacher/presentations 8
  • 9. Deut 15:5-6 Only if thou carefully hearken unto the Voice of the Lord thy God, to observe to do all these Commandments which I command thee this day. For the Lord thy God blesseth thee, as He promised thee: and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shall not reign over thee. Do all. 9
  • 10. So, in the sight of God, debt is a curse and the ability to lend is a blessing. Many Christians are choosing to live under the curse of debt. God wants His people to have all their needs met and have some money left that will work for them; Instead of their having to work like slaves for all of their money. 10
  • 11. Prov 22:7 The rich ruleth over the poor, and the borrower is servant to the lender. I Cor 6:12 All things are lawful for me, but all things are not expedient (profitable; advantageous): all things are lawful for me, but I will not be brought under the power of any. 11
  • 12. God only expects us to give or do that for which He has provided the means. But sometimes God has provided the means and we are spending it on interest. 12
  • 13. Psalms 37:21 The wicked borroweth, and payeth not again: but the righteous showeth mercy and giveth. This is the ultimate danger of the habit of debt. It is so easy to get over-extended and actually be unable to pay as we promised. 13
  • 14. Our creditors don’t know or care about our circumstances. They just know we didn’t pay. Proverbs 11:15 He that is surety for a stranger shall smart for it: and he that hateth suretiship is sure. Surety = security Proverbs 17:18 A man void of understanding striketh hands, and becometh surety in the presence of his friend. 14
  • 15. The worst form of debt is surety. Surety means to give or be security for a debt; or to make a pledge for that debt. In other words, There is not sufficient collateral to pay if you can’t. Almost all debt today involves surety. Most mortgages give the lender the right to sell the house if you do not pay as promised; And if it does not bring what you owe, you still owe the balance. 15
  • 16. Proverbs 22:26-27 NIV Do not be a man who strikes hands in pledge or puts up security for debts; if you lack the means to pay, your very bed will be snatched from under you. Very little or nothing down. Four, five, or more years to pay. That car is never worth as much as you owe on it. The difference is surety. 16
  • 17. Prov 11:15 NIV He who puts up security for another will surely suffer, but whosoever refuses to strike hands in pledge is safe. Don’t co-sign for someone else. It has ended many friendships when the borrower couldn’t pay. Surety is not the only part of debt that is unwise; It is just the worst part of debt. Debt is so easy to get into; so hard to get out of; And has so many harmful consequences. 17
  • 18. Wouldn’t you agree that the course of wisdom is to kill the foxes that get us into debt. Wasteful habits, Envy, Lack of Planning, Impatience, Lust These little foxes will get you into debt and have you in bondage all your life. Kill them with your sword. 18

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