![]() Since the Bible says that it is unwise to co-sign, don’t do it! The spiritual principle involved is that you should never assume responsibility for something you have no authority over. What a shame it would be to lose something vital to your family as a result of co-signing for someone else’s loan. If you can’t pay it, even your bed will be snatched from under you.” Proverbs 22:26-27 (NLT) says, “Do not co-sign another person’s note or put up a guarantee for someone else’s loan. Generally, though, you will be much better off waiting and saving. There are some exceptions – like borrowing to get a car if you don’t have any other way to get to work. Here’s a good rule of thumb: if an item depreciates in value the minute you take it out of the store, don’t borrow money to purchase it. And always pay them off 100% each month so you don’t end up paying outlandish interest on them.Ī debt mentality will prompt you to borrow for things like VCRs and TVs, or for vacations and going out to eat. What about credit cards? They aren’t evil just make sure you use them as a convenience, not as an alternative to saving. ![]() Until it’s paid off, you spend part of your time each week working to pay the lender instead of enjoying what God wanted you to have. ![]() When you take out a loan, you become someone’s servant. “The rich rules over the poor, and the borrower is servant to the lender.” Proverbs 22:7 reveals a very important truth. Then you will be successful in every area of life – including your finances.ģ) Be careful of debt, and don’t co-sign. But if your goal is to glorify God in everything you do, you will let Him be the driving force of your life. If your goal is to get rich, retire and do nothing, you are probably not going to be very prosperous. No matter how old you are, God has things for you to do. That means you should work hard, have a good attitude, and do the best you can with what you have. God wants us to do everything we do with diligence and excellence. Laziness and idleness always lead people into poverty. Proverbs 10:4 teaches: “He who has a slack hand becomes poor, but the hand of the diligent makes him rich.” God blesses what you have left, and you are able to live better on the 90% than you would have on the 100%.Ģ) Be diligent and have a good work ethic. That’s why tithing (giving God the first 10% of all your increase) never hurts you financially. God says that, when you release what you have in your hand, He will release blessing back into your life. ![]() When you honor God by giving Him the first of whatever you get, it breaks the power of the love of money off your life. He wants all your confidence to be in Him. God wants you to have money, but He doesn’t want you to trust in riches. Proverbs 3:9-10 says, “Honor the LORD with your possessions, and with the firstfruits of all your increase so your barns will be filled with plenty, and your vats will overflow with new wine.” If even one of them is weak or missing, you will have trouble with money. When the seven pillars of godly wisdom are in place in your life, they provide support for your financial success. Proverbs 9:1 says, “Wisdom has built her house, she has hewn out her seven pillars.” There are over 200 verses in the book of Proverbs that deal with money, and each of them fall into one of seven categories. This set in motion a principle that we need to be aware of in dealing with our finances: wisdom always precedes wealth. God was so pleased with his request that He not only made him the wisest person who ever lived – apart from Jesus – He also made him the richest person. When God appeared to Solomon and allowed him to ask for whatever he wanted, Solomon asked for wisdom. What would you ask for if you knew God would give you anything you wanted? Would you request money, a long life, or some kind of prominent position?
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