S3 Ep.31 - Money pt.4 - Debt
What does the Bible say about debt and how can you get out of it?
Simply put, the Bible advises against owing any man; however, debt is not a sin. I point out the Bible verses about how we ought to lend money to others (both in the O.T. and the N.T.), so clearly the Bible is NOT teaching that helping people get into debt is sinful.
There are many verses about good stewardship and increasing your wealth, being wise and planning how much money you will need to build a building, and being generous and helping other people. Much of this can be done with wise use of debt such as a mortgage, loan for a business, etc.
Just remember that we do not know the future (and therefore are future ability to repay something) and that "the borrower is servant to the lender".
Listen today and share this on your social media. There are many believers who are struggling with debt today and don't know how to start getting out of it.
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