These days, there’s a big myth that’s fooling a lot of people. It’s the myth that debt is an effective part of their financial plan. Credit has been marketed to us so effectively that most people think they can’t live without it. They think it’s a good thing, a necessary thing. Credit has allowed many of us to live and spend beyond our means causing unnecessary stress and hardship.
In Proverbs 22:7, King Solomon was adamant about avoiding debt. Why? Because he understood what so many people today totally miss: Debt enslaves us!
The Bible says that the borrower is slave to the lender. That’s pretty strong language and think about it. A slave can’t give because he doesn’t have anything. He can’t go where he wants to go or do what he wants to do because he always has a master calling the shots. That’s exactly how it feels when you’re up to your eyeballs in debt.
Solomon knew what he was talking about. This guy was the wisest man who ever lived! He didn’t use the word “slave” by accident, and he wasn’t being overly dramatic. He was just showing us what debt really is: a cruel master.
There are moments when debt can be vital or necessary, it is good we have such a tool at our disposal. The misuse of personal debt is what we must avoid, spending beyond our means and giving ourselves over to another master.
How then can we become masters over debt? One, by remembering who our master is and that He will never let us done. Second, by changing our attitude on debt.
What attitude should I have? Let’s look at Proverbs 6:5. King Solomon states that we should be as gazelles fleeing a hunter or bird a net. Are these animals calm or intense? They are intense. The only real way to beat debt is to be intense! You’ve got to work hard. You’ve got to fight for survival like the gazelle or bird.
The truth is, you will never wander out of debt. You won’t stroll out. It won’t happen by accident. You only get out if you set your eyes on the goal and attack your debt with intensity. Start by taking account of your flocks and creating a plan with focus and intensity.