Devotional

“Pay to all what is owed to them: taxes to whom taxes are owed, revenue to whom revenue is owed, respect to whom respect is owed, honor to whom honor is owed.” – Romans 13:7

It was Hebert Hoover who said, “Blessed are the young for they shall inherit the national debt.”  We sometimes forget that debt impacts tomorrow. When we get into debt, we assume that we will earn enough in the future to pay the debt. We believe the promise of “easy monthly payments.” But let’s be honest, there is nothing easy about those monthly payments.

Even for those who are wise, and do not get in over their heads, there is still the constant pressure of debt. We can all identify with the poet who wrote:

“Tomorrow never comes, they say,

But all such talk is idle gush,

For when we have a debt to pay,

Tomorrow gets here with a rush.”

Debt can and often does directly change standards of living and financial security for individuals today and into the future. We all want to see into the future, but none of us really knows the future here upon this earth. Solomon talks about that several times in the Book of Ecclesiastes. For example, Ecclesiastes 8:7 says, “Since no one knows the future, who can tell someone else what is to come?”

Debt is a limiting force that causes you to live your life in such a way that your ability to pay your debt is a major consideration in every life decision you make. That will not change in the future. How many people do you know who can’t retire or even cut back on their workload as they get older? Short-term debt has become long-term debt. In many cases, the ultimate cause usually comes down to long term debt that they never seem to get rid of. They’ve spent decades pushing their debt into the future and now it has come home to roost.

When it comes down to it, you have to decide what kind of life you want to live. Once you realize that when it comes to debt, less is more, and none is best, then you can start changing your life for good.

Discussion Questions:

  1. Can we separate short-term debt from long-term debt? Why or why not?
  2. How can breaking through the bondage of debt result in spiritual freedom as well?
  3. What will you need to do to gain that freedom?