Debt is Slavery

"The rich rules over the poor, And the borrower becomes the lender’s slave.” – Proverbs 22:7

So many today come to America, the Land of the Free, only to become Slaves. First, why is this? So many have forgotten that America is the Land of Opportunity and NOT the Land of Entitlement. Yet, since they feel they are entitled to something, he or she wants it without working for it. The credit card or a loan is the answer to their thinking.

Now as the Bible quote above says, once you make a pledge you become a slave until your debt is paid off. All debt is bad because it restricts your freedom. Even if you’re borrowing to put yourself in a better position long term, you’re still restricted by having that debt load hanging over you – the monthly debt payments and so on. So what is a Solution? No debt of any kind, not even debt that you could pay off if you wanted to.

Time May Not Be Money, But Money Definitely Is Time. Let me give you an example with hourly wage. Have you ever sat down and calculated how much money per hour of your life you are trading. Your time is more valuable than that. In other words, you’re better off earning $20 an hour for 20 hours of work than $10 an hour for 45 hours of work, even though the second example gives you $50 more. Why? Because if both options are available to you, that extra 25 hours at the $10 an hour job is really only paying you $50 – or $2 an hour.

Remember, what you’re really working for is time – time to enjoy the aspects of your life that bring you happiness and pleasure.

Possessions can also be a Prison. “No one can serve two masters; for either he will hate the one and love the other, or he will be devoted to one and despise the other You cannot serve God and wealth.” – Matthew 6:24.

Money is not evil. “10 For the love of money is the root of all kinds of evil. By craving it, some have wandered away from the faith and pierced themselves with many sorrows.” – 1 Timothy 6:10. Money Buys Freedom of time. Of course, once you begin to break free from all of this, you begin to spend less and less money. What does that reduced spending really mean? It means that you now have the money to buy freedom. Here is an example, if you can get by with only spending 50% of your income each month, then you only have to work half the time – or if you can get by with only spending 25% of your income, you only have to work three quarters of the time. It becomes easier to do things like take a leave of absence from your job to follow up on a dream (like writing a book). Or, in my case, it becomes easier to just walk away from a job to follow something you’ve dreamed about your whole life.

I wanted to leave you with these pictures. Does Debt make you feel any of these four ways and why? LEAVE COMMENTS BELOW.