Making Change: Stress is Bad

Summary

“The rich rule over the poor, and the borrower is slave to the lender.” Proverbs 22:7

THREE PRAYERS TO PRAY WHEN GETTING OUT OF DEBT

1) GOD, GIVE ME SELF-CONTROL.

“Like a city whose walls are broken down is a person who lacks self-control.” Proverbs 25:28

2) GOD, GIVE ME UNDERSTANDING.

“My people are destroyed for lack of knowledge..” Hosea 4:6

Example

If you pay $250 per month on $16,000 debt at 19% interest, it will take 40 years to pay off and you will pay $105,000 in interest.

If you invest $16,000 at 12% interest over 40 years, you will have just under $1,500,000.

If you invest $16,000 and add $250 per month at 12% interest over 40 years you will amass over $4,000,000.

3) GOD, GIVE ME A PLAN.

“The plans of the diligent lead to profit as surely as haste leads to poverty.” Proverbs 21:5

TAKING IT DEEPER

Luke 14:28, Romans 13:8, Nehemiah 5:1-13, Ecclesiastes 5:10, Proverbs 13:11, Hebrews 13:5

Take a minute to write down your three greatest financial stressors. How are they holding you back?
What are a few things you can say no to?
Do you have a plan for paying off debt? Where do you plan to start?
Have you developed any processes or habits that help you avoid financial bondage? What works for you?
Visit www.go2.lc/debt and create your plan for getting out of debt. Start reading Dave Ramsey's Financial Wisdom from Proverbs www.go2.lc/makingchange
Start doing. Commit to a step and live it out this week.

Senior Pastor