Day #19 of 30 Days to Breakthrough – Breaking Out Of The Debt Trap
Welcome to Day #19 of your “30 Days To Breakthrough” journey. Today’s topic is “Breaking Out Of The Debt Trap.”
QUOTE
The rich rules over the poor, And the borrower is servant to the lender. (Proverbs 22:7)
LESSON
What are danger signs that let you know you might be getting into the debt trap?
1. You begin living on credit instead of paying cash.
2. Delaying payments or paying the minimum due
3. You’re unable to tithe or save
4. You’re unable to pay taxes
5. Extravagant spending
6. Always looking for get-rich-quick ideas
Here are nine very specific steps you can take to begin to get out of this debt trap, to begin to feel some freedom in your life.
1. Commit to becoming debt free now.
2. You start paying God and yourself first
3. List all I own and list all I owe
4. Have a sale
5. Set up a repayment plan
6. Decide to do it in half the time
7. You add no new debt
8. Share my plan with my creditors
9. Stick to it
As you begin this there are two vital commitments you must make
1) The first is the commitment to follow God’s financial plan
2) Follow God’s plan for your entire life
QUESTION
Lord, what is my next step to getting out of debt?
LINK
The Steps To Financial Freedom
PRAYER
Heavenly Father, I praise You as the God of wisdom. Please bless me with the financial wisdom necessary to eliminate all of my debt. Help me to be free in this vital area of life. In Jesus name, I pray. Amen.
Blessings to break out of the debt trap!
R. Joseph Peck, M.D.
“Blessed to be a blessing”
THE CONNECTOR and The Journal Guy
Changing Lives to Disciple Nations
Community Transformation Specialist
Tags: 30 Days To Breakthrough, Breaking Out Of The Debt Trap, joseph peck
