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If you are a pastor, a small groups leader, or just a christian, this newsletter is for you. A source of financial tips, inspiration, and vision for expanding God's kingdom through Biblical financial freedom.
 
 
Financial Articles
World Bank chief warns of financial crisis World Bank chief Robert Zoellick on Saturday warned of a "new and more dangerous" time in the global economy...
US Recession Risks Rises The threat of a new recession is rising in the United States, economists say, as they slash their ..
Unsafe US debt remains safe haven US Treasury bonds remain a hot ticket for investors looking for a low risk investment in a volatile market despite the unprecedented ...
US borrowing tops 100% of GDP US DEBT shot up US$238 billion (S$287.2 billion) to reach 100 per cent of gross domestic project after the government's debt ceiling was lifted
Consumers consumed by debt The average consumer may feel far removed from the heated debates concerning the $14.3 trillion debt ceiling. But the truth is...
Financial Crisis II. Get out of debt now There is increasing talk among traders and financial analysts that the latest slump in global share markets
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Charges that lead to a debt row sentence

 

Scriptural Financial Freedom Obtaining God's blessings

 

 

 

 

 

Charges that lead to a debt row sentence

One of the many risks of charging to credit cards is that if most people aren’t attentive to their spending, often you can run up more debt than you can pay for. Recently there has been a lot of talk in the news about a proposed amendment to the financial reform bill before Congress that would have imposed states' usury limits on national banks that issue credit cards, but no matter what the laws are, if you are one of those with high debt, you may need help dealing with your payments before it leads a unmanageable debt sentence.

Throughout the recession, some consumers have had difficulty paying off their credit card debt. That trend continued through April, according to a recent report. In another report, credit card defaults were the most common for all age groups. Young married couples in the same segment had even higher rates of defaults on debts than single counterparts.

 

Many people do not realize that money borrowed today has to be repaid tomorrow - with interest, of course. With debt, you will have reduced freedom in the future. Opportunities may knock, but you won't have the freedom to take advantange.

The credit card market is full of card tricks and you need to play your cards right in order not to get trumped. Here are five basic keys to financial success:

1. Understand the scriptural principles. Your involvement in this series show you've made a commitment to know His will for your financial life.

2. Adopt a non-consumptive lifestyle. Live simply, frugally. Make saving a priority to enable you to reach the financial goals He sets before you.

3. Avoid the use of debt. As we've seen, nothing is more destructive to your financial health than debt.

4. Keep your liquidity high. As we'll see in Session 4 (of the DVD), a wise investor follows a step-by-step strategy. The first steps involve making sure you have adequate emergency funds (liquid assets) you can use quickly.

5. Set long-term goals. In our next session we'll learn how to set goals that are achievable. Because if you aim at nothing, you'll hit it every time.

Action Item:

Look again at those five keys listed above. Put a checkmark beside the ones you feel you are currently following. Are you satisfied with the number of checkmarks?

The Bible does show many ways to overcome any financial crisis. Many of these principles are laid out in our successful course, the Scriptural Financial Freedom series. To learn more, you can download the Small Groups kit from our estore.

Calculate your mortgage, credit card repayment, loan interest as well as your compounding interest and more with our 25 calculators!


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Financial Freedom Tips & Toolbox

Today's Pick: Money, God and us Money, God and us by [Ian Goligher]

 

 

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