The Revolutionary Review by Jonas Clark

About debt, personal debt, I saw a service on TV, where I could not believe they would spend a whole service just on that!
First of all most of these things have already been told to me as a child,so the service was kind of useless to me, but seemingly a lot of people just never gotten to hear this message!
The message was simple:

Those who have (money), shall have more (money),and those who have not (money), even the little they have shall be taken from them!

Even the first sentence applies to this:
Those who have (debt) shall have more (debt).

Like we know it’s a whirlpool, a never ending bottomless pit you can get into if you’re not careful.

The second part of the service was about:

“Suppose one of you wants to build a tower. Will he not first sit down and estimate the cost to see if he has enough money to complete it? For if he lays the foundation and is not able to finish it, everyone who sees it will ridicule him, saying, ‘This fellow began to build and was not able to finish.’”

And that is where most people find themselves in.
A good steward will NOT pay for a new television, unless he HAS the money.
You see, every time you get into a loan you need to pay interest.
Interest that could be given to the work of God!
Already from my upbringing, one thing I learned from my father is: “NEVER get into debt!”,
And if you do,get out AS SOON AS POSSIBLE!
Meaning, the debt has a priority over anything else apart from the basic necessities of life. A higher priority then a new TV or car.
If you really need to pay for a new car, pay a second hand car, that will allow you to still pay off your debt to your debtor. Don’t go for any latest model out there, that forces you to pay over 250$ per month!

First thing you need to do is when you’re into debt,acknowledge you are!
From there on bear the responsibility that comes with it, and work your way out!
Miss out on expensive events, buy cheaper food, reduce your airco or heating by a few degrees to save on electricity. Drive calmly,and drive only when necessary!
Go on foot to a store that’s closer then 10 minutes walk, and do your small groceries that way (you’ll be amazed how healthy that can be)!
cancel TV cable and phone landline when not necessary (just one cellphone per family, unless there is a true NEED to have more then one;you can still watch free analog and Digital channels over antenna).
Skip the pool in the garden for a year or two, to save on water cost.

All small tips, use your mind and try to develop a habit of saving energy, saving gas,saving water, saving whatever you can, until you’re out of debt!

Most of the mortgages in USA are due to not prioritizing to pay back debt. I know a family who had 2 houses, a beach house on the shore, a shop, a camper and 2 cars. They where planning on buying their third car for their son on their own credit.
Then the economy hit them. The store made loss month after month. They had to sell their beach house to keep it alive, nevertheless the store kept on losing money and they had to close it.
Because they got less for the store then the mortgage which was on it, their houses went into foreclosure as well. I talked to the man of the house and he admitted, if he only had put more effort into paying back the mortgage, the store and the beach house could be theirs already!
It’s easy when you have a $150.000 mortgage running, to add another 20.000 for a (nice new) car!
Instead that extra 20.000 became their final blow on losing everything!
They sold everything, apart from the 2 cars they need.
They have earned 9.000$, and their house is in forclosure. They estimate that their house (bought for 240.000, will be sold for 114.000), in other words, they will start their life anew, with no possessions,and at least a debt of $126.000 from their last home,minus the 9.000 from the rest of their possessions!
That is what they’ve worked for for 19 years!
To end up losing everything because of one mistake that could have been avoided by better stewardship.

I don’t mean to make this story scary, but this should show you the severity of debt!
You get promises that all will be alright, and that you can have it via a mortgage,debt or credit!
Yet you place yourself into a position where the devourer can take it from you any time!
Not to mention, a $100.000 house costs at least $120.000 over time! Those extra $20.000 you lose!
If you try to set your mortgage to pay back in 20 years time, allow and set yourself to save some every month!
When you have saved enough (eg:after 15 years), pay off the mortgage with your savings!
This will result in no interest,and no monthly payments anymore for the house in the coming 5 years!
It would be wise to do so!