STAYING OUT OF DEBT, LIVING IN FINANCIAL ABUNDANCE- SECTION 1

Image Source:Google with text write up by me.

This section will be on three section:
First : ”WHAT GOD SAYS ABOUT DEBT”
Secondly: “SOME FACTORS THAT LEAD TO DEBT”
Thirdly : “15 WAYS TO GET OUT OF DEBT”
I pray as we go on may God lead us to explain the topic well in Jesus name. AMEN.
From the topic, I will like us to look into the following key ways that may be helpful in our understanding of the topic: “STAYING OUT OF DEBT, LIVING IN FINANCIAL ABUNDANCE”.
DEBT-
From my point of view, I will define the word “debt” as money or possessions which one person or group of persons are obligated to pay to another. Debt can also be seen as an action, state of mind, or object on has an obligation to do for another, toward another, or give to another. It is the state or condition of owning something to another. Debt also includes money owned to bank, friends, relatives, credit card.

ABUNDANCE
Abundance is simply defined my me as a state of sufficiency where one is no longer in need or in want. That is to say such person(s) are no longer in debt to any. A state of surplus.

WHAT DOES GOD SAYS ABOUT DEBT

1. Debt is discouraged by God – Let no debt remain outing.
   let us read the book of ROMANS 13 : 8
   KEEP OUT OF DEBT AND OWE NO MAN ANYTHING, EXCEPT TO LOVE ONE ANOTHER; FOR HE WHO LOVES HIS NEIGHBOR [WHO PRACTICES LOVING OTHERS] HAS FULFILLED THE LAW [RELATING TO ONE’S FELLOWMEN, MEETING ALL ITS REQUIREMENTS].
2. Debt is considered slavery – One thing about debt is that even though you senior the person you borrow money from, you are a slave to him/her until you pay back the money you own.
   Let us read the book of DEUTERONOMY 28 : 15, 43 – 44; PROVERB 22 : 7
   THE TRANSIENT (STRANGER) AMONG YOU SHALL UP HIGHER AND HIGHER ABOVE YOU, AND YOU SHALL COME DOWN LOWER AND LOWER.
   HE SHALL LEND TO YOU, BUT YOU SHALL NOT LEND TO HIM; HE SHALL BE THE HEAD, AND YOU SHALL BE THE TAIL..
3. Debt is a curse of disobedient- Every blessing from God is tie to obedient, and every curse from God is tie to disobedient.
   Let us read the book of DEUTERONOMY 28 : 15
   BUT IF YOU WILL NOT OBEY THE VOICE OF THE LORD YOUR GOD, BEING WATCHFUL TO DO ALL HIS COMMANDMENT S AND HIS STATUS WHICH I COMMAND YOU THIS DAY, THEN ALL THESE CURSES SHALL COME UPON YOU AND OVERTAKE YOU.
4. Freedom from debt is a reward of obedience - DEUTERONOMY 28 : 1 – 2; 12.
5. Debt presumes on the fulture (James 4 : 13 – 15 ) – Borrows always come to the lender will a sweet mount will a promise to pay back as soon as possible he/she receive that money he/she is expecting in the future.
6. Repay what is borrowed (Proverbs 3 : 27 – 28) – Be quick to ensure to pay back.

Conclusion
It is crystal clear from the bible that God discharges the use of debt. God wants us to work in financial abundance. Thereafter, we must follow biblical principles to avoid debts, obey God, invest in God’s business, spend wisely and live in abundance.

Note:
This wiil only be of help if you can follow the principle above.

THIS IS JUST THE FIRST SECTION; SEE MY OTHER POST FOR SECOND AND THIRD SECTION IF YOU HAVE NOT DONE SO. I LOVE YOU BUT GOD LOVE YOU MORE.

THANKS.