According to Deuteronomy 15:1 it shows us that God wanted debts out of the lives and that is why God encouraged debts cancellation as way of releasing his people from financial bondage
If I were to ask you who or what is your worst enemy. What would you say is? Debt is your worst enemy it’s like a weapon let’s say a sword. You can use it to destroy your enemies, protect your family and yourself. Remember there are two types of debts good debt (can make you richer) and bad debt(can make you poorer).
The spirit of debts is a wicked spirit which can destroy families, lives, marriages, cause people to murder, even do unthinkable things, etc.
People have accepted debt as a way of life. No wonder so many people are in debt today. I know most of us are believing to be out of debt someday. We should talk about it openly and not hid anything or pretend. Brethren this is the elephant in the room and it refuses to be ignored otherwise it will cause more harm than good.
We got to change so that we can position ourselves to receive the blessings God has in store for us. No man can operate the way God intended when you are in debt.
Remember your way of thinking got you where you are now and without changing your thinking pattern you will never get out of those debts.
Romans 12:2 Don’t let non-Christians talk you out of God’s way of thinking. I know we have grown hearing that debts are ok because we were raised in that spirit of debts.
We are only going to be dealing with biblical debts release principles and not men strategies.
Remember the bible says we must trust in God’s prophets and we will prosper 2 Chronicles 20:20.
You got to be careful when God puts increase in your life that you don’t mishandle it and then start complaining.
According to James 1:5 we should ask God for wisdom to come out of Debts. We are lacking wisdom to keep money not money itself. We should have an alter mind ready for action to move away from debts
Just because you got money it doesn’t mean you had wisdom no wonder you lost that money and then end up at the other side of money called debts.
Most of us attend church and believe God for an increase, promotions and when they get this and are rich they change their walking style(lifestyle) by being involved in spreading spree.
So, with this raise you bought a new car, furtuire, etc.so before you know it you have eaten everything which came in inform of the raise and now you are back to square one. We do it so quickly instead of doing it gradually.
By doing this you are back in bondage again since you need more debt to help you out.
So please try to maintain your level of living for a while no matter what if you have things and they are working keep using them until it’s necessary to change them. Don’t buy a car or asset to prove a point it will cost you.
Instead, when you get an increase use it to get out of that debt.it don’t mean God isn’t doing anything but its how we use that increase.
Everyone is supposed to have a form of saving account that is what the bible calls storehouse (Psalm 144:13).
Into this storehouse God will command blessing (Deuteronomy 28:8) through his prophets (2 Kings 4:2-5). So, you can expect some interesting things to start happening (unexpected gifts, inheritances, promotions etc)
Stop coming up with excuses of why you can’t come out of debt because they will rob you of the supernatural.
When you start to pass your mistakes as to why you are where you are now in your life you are trying to make others your source and only God is your source.
Brethren remember when people try to make you their source the step back since I not going to became your source.so if you are making anybody your source simply because the person is rich stop it and turn to God only.(Jeremiah 17:5)
To get out of debt you must take control of your finances don’t let any one do it for you. Remember no one can make you rich with a big cut called interest.
Let’s say good debt that it’s a business loan that you borrow from the bank to expand your business, to buy that new piece of equipment, maybe to hire more employees to to grow your company, to grow your business. Or it could even be a student loan that you borrow from the government. So as to improve your skill sets so you can deliver more value to the marketplace.
It’s not so much about the debt but the character of the person that’s borrowing the money. A wise businessman invests his money (good debt) but a bad debt is where borrow to buy a car, Payday loans. Right. Credit card, credit card debt, personal debt for personal consumption. It doesn’t really generate money. It doesn’t make you richer. It makes you poor.