Borrowing is not

prohibited
but,
neither
encouraged;

The debtor is in
servitude to the
one who lend him
Prov. 22:7

It is not normal to
borrow especially
on the part of the
Christian
Deut 28: 12-13;

Avoid surety if
you cannot pay
Ecc 5:5

Avoid long-term
debts
Deut 15:1-2;

Borrowers have
an obligation to
pay
Psalm 37:21;

Do not borrow, IF
it will only destroy
your good name
Prov 22:1

CONSEQUNCES
OF DEBT

CONSEQUNCES
OF DEBT

It has resulted to
broken marriage;
Ruin families
Destroy relationship;
Ruin millions of lives

It gives false sense of

security;
Business bankruptcies

CONSEQUNCES
OF DEBT

It could invite lawsuit;

One may end up in jail

CONSEQUNCES
OF DEBT

IS IT THE WORST
CONSEQUENCE?

Sometimes, it becomes
a substitute for trusting
God in facing decisions.

CONSEQUNCES
OF DEBT

SOME CANNOT WAIT IN

THE LORD, HIS TIMING.

REASONS WHY
SOME PEOPLE
FALL INTO THE
DEBT TRAP

Get-rich-quick
mentality Prov. 2:5;
28:20;
One day millionaire;
Lovers of pleasure;
Desire to imitate the
lifestyle of others.

NO
Savings
disaster
emergencies

REASONS WHY
SOME PEOPLE
FALL INTO THE
DEBT TRAP

for
and

REASONS WHY
SOME PEOPLE
FALL INTO THE
DEBT TRAP

Purchase
of
car,
house,
appliances
among others on longterm instalments;

Living beyond ones

income (overspending);
Impulse buying

REASONS WHY
SOME PEOPLE
FALL INTO THE
DEBT TRAP

REASONS WHY
SOME PEOPLE
FALL INTO THE
DEBT TRAP

Abuse in the use of

credit,
credit
cards,
checking
accounts,
charge accounts.

HIDDEN
REASONS WHY
SATAN WANTS
YOU TO REMAIN
UNDER THE
BONDAGE OF
DEBT

When
you
remain
under
the
spirit
of
bondage of debt, you
struggle and find it
difficult to be faithful in
your giving to God the
tithes and offering and
as a result you remain to
be under the course;

HIDDEN
REASONS WHY
SATAN WANTS
YOU TO REMAIN
UNDER THE
BONDAGE OF
DEBT

The
local
church
where you belong is
unable
to
effectively
preach the Gospel for
lack of funds and as a
result,
there
remain
millions of people who
remain unsaved they
do not know Jesus.

HIDDEN
REASONS WHY
SATAN WANTS
YOU TO REMAIN
UNDER THE
BONDAGE OF
DEBT

This
make
satan
happy! Why?
Because the rupture is
delayed because the
Gospel has not been
preached throughout the
world Matt. 24:14

HOW TO BREAK
THE BONDAGE
OF DEBT

Pay cash;
Borrow only if extremely
necessary;
Do
away
with
credit
cards, charge accounts,
Simple living;
Minimize socializing with
friends;
Limit
attending
social
invitations
unless
unavoidable;
Avoid window shopping;
Do not bring the children
to the dept stores, shopping
malls unless necessary.

STEP 1:
IDENTIFY
PROBLEM.

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

THE

REAL

STEP 2:
STOP ALL BORROWING

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

Consumer debt is money

we have already spent but
not yet earned

STEP 3:
REDUCE SPENDING

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

Identify the WANTS and

the NEEDS.

STEP 4:
SELL ASSETS

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

Sell assets that are not in

use. If you have 2 cars sell
the other to pay for the
debt.

STEP 5:
PREPARE
A
BUDGET
BASED ON STEPS 1 TO 4

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

23. Be sure you know the condition of your

flocks, give careful attention to your herds;
24
for riches do not endure forever, and a
crown is not secure for all generations.
Proverbs 27:23-24

STEP 6:
FIND EXTRA WORK UNTIL
YOUR DEBTS ARE REPAID

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

STEP 7:

SUGGESTED
IMPLAN FOR
GETTING OUT
OF DEBT

FOLLOW PROVERBS 22:7

TO
ITS
LOGICAL
CONCLUSION

Preaching of the Gospel

should be priority in any
church.

CONCLUSION

We have to finance our

Pastors, Church Workers,
missions, Bible studies and
all activities sanctioned by
God.
BUT, above all
He needs you!