Church Debt and a Volatile Economy
The news of Fannie Mae and Freddie Mac needing 700 billion dollars in taxpayer money is disturbing, to say the least. The financial prognosticators say that we are on the brink of going from financial recession to financial depression.
The good news is that God can bless His people in a bad economy just as easily as He can in a good economy. His economy is always good!
For a long time, Christian financial advisers, such as Dave Ramsey and Crown Financial Ministries have been advising people to get out of debt. For most people, however, it is necessary to have debt on their homes, at least in the first few years of ownership.
Christians would do well to seriously study the Scriptures concerning debt, because God blesses obedience, and it is futile to expect God to bless disobedience. On the other hand, when a person who has been disobedient, repents of the disobedience, and determines to become obedient, he is likely to see miraculous things happen in his financial situation.
What’s true for the individual is true for churches. These are days for churches to be retiring their debt. I can testify that as our church has made the commitment to retire our debt, we have all been amazed at how quickly the debt has fallen. Whether and individual or a church, it’s a lot more comfortable in a volatile economy to be debt free.
Our church is currently teaching a study on “Money Management, ” along with several other subjects that offer very practical help for everyday living.
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