114. Debt: The Dirty Word That Impacts Your Peace and Purpose

In this episode of Wisdom's Table, I dive deep into a topic that many of us may shy away from discussing: debt. Often viewed as a dirty word, debt is something that can significantly impact not just our finances, but our freedom, peace, and ability to fulfill God's assignments in our lives. I aim to shed light on what the Bible truly says about debt, emphasizing that it is more than just a financial issue; it is a spiritual one as well.

We start by acknowledging that not all debt is created equal, but all debt requires discernment. I explain how debt, in biblical terms, is essentially borrowing from tomorrow's resources to pay for yesterday's expenses, which can lead us out of alignment with God's provision. Drawing from scripture, I highlight the biblical perspective that encourages us to be lenders rather than borrowers, and I share insights from my Money Mandate e-course, where we explore the implications of debt in greater detail.

Want to access the full Money Mandate e-course? It is available inside my KINGDOM LEADERS COMMUNITY. (click here)

 

00:00:00 - Welcome to Wisdom's Table
Introduction to the podcast and its purpose.

00:00:25 - Podcast Refresh and Growth
Discussion about new podcast art and the desire to grow the podcast's reach.

00:01:07 - The Dirty Word: Debt
Introduction to the topic of debt and its implications in the Christian life.

00:01:38 - Understanding Debt in the Bible
Exploration of what the Bible says about debt and its different forms.

00:02:52 - Comfort with Debt
How family money stories influence our comfort level with debt.

00:04:27 - The Why Behind Borrowing
Emphasis on understanding the reasons for borrowing rather than just the act itself.

00:05:48 - Good Debt vs. Bad Debt
Explanation of the differences between beneficial and harmful types of debt.

00:07:57 - The Cost of Debt
Importance of understanding what debt is costing you beyond monthly payments.

00:08:18 - Breaking the Cycle of Debt
Discussion on the need for more than budgeting to get out of debt.

00:09:41 - The Burden of Student Debt
A rant on the challenges posed by student loans in America.

00:10:52 - Codependency on Debt
Exploration of how some individuals become reliant on debt.

00:12:10 - Partnering with God to Pay Off Debt
Encouragement to seek God's guidance in managing and paying off debt.

00:13:45 - Steps to Pay Off Debt
Introduction to practical steps for addressing debt.

00:14:06 - Step 1: Understand Your Debt Costs
The first step in managing debt is to know its true cost.

00:14:59 - Step 2: Repent if Necessary
The importance of repentance in the context of debt.

00:15:51 - Step 3: Align with God's System
Deciding how to align your financial practices with God's principles.

00:16:32 - Step 4: Present Your Plan to the Lord
Encouragement to bring your financial plans and debts to God.

00:18:06 - Step 5: Obey God's Guidance
The necessity of following through on God's instructions regarding debt.

00:19:23 - Personal Story of Debt
Rachel shares a personal experience related to credit card debt.

00:22:05 - Conclusion and Next Episode Preview
Wrap-up of the episode and a teaser for the next topic on investing.

00:23:28 - Join the Kingdom Leaders Community
Invitation to join the community for support in breaking free from debt.

 

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