Bible Debt – Money and Debt in & out of Scripture

April 21, 2010

Faithfully Rich

Filed under: Proverbs — Tags: , — Brian @ 11:00 am

The Faithful Geiser

Sometimes you just have to slow down.  Sometimes you just have to be patient.  Keep waiting and Old Faithful will once again erupt with a mighty force.  Why not, it has been happening ever 45-125 minutes for at least the last 140 years!

The same goes for many other things in our own lives.  How many times have we given up on something and moved onto something else because we did not see results quickly enough?  Did you quit an exercise routine or diet because you did not shed the weight as fast as you would have liked?  Have you ever quit trying to learn something because it was so difficult at the onset?  Have you ever quit a business or blog because you did not get the the traffic or sales you would have liked quickly enough?

Do you not wait for God because he does not deliver what you ask for immediately?

20 A faithful man will be richly blessed,
but one eager to get rich will not go unpunished.  Proverbs 28:20 NIV

God clearly states that a faithful man will be richly blessed.  In other words, if you continue to write your blog faithfully, you will build up your readership.  If you continue to put in the work on your business, you will see your business grow.  If you continue studying, you will learn it.  If you keep exercising and eating right, the weight will come off.

On the other hand, one eager to get rich will not go unpunished.  Giving up after your first 5 posts on your blog will end up in a frustrating ending.  Stop studying and you will not learn something that will help you in your next trial.  Stop exercising and eating right, and you will carry that weight with you until you do.

Faithfully persevere and you will be richly blessed.  Keep going and you will succeed.  Live faithfully and you will be rewarded.

Do you have something you have always wanted to do but have given up on time and time again?  Think about giving it another shot and faithfully putting in the time and effort and it will bear fruit in the end.

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April 16, 2010

Blog Buzz – Top 5

Filed under: Blog Buzz,Yakezie Challenge — Tags: , , — Brian @ 12:00 am

We have amazing talent in our Yakezie network.  We all work to support and promote each other as we continue to build our blogs.  Today, I wanted to introduce you to our top 5 Yakezie bloggers as of this week.  They do such a great job supporting the little guy, we really need to thank them by doing what we can on their behalf.  So, without further adieu, here are the top 5 ranked Yakezie members and some of their recent work.

#5

Sweating the Big Stuff talks about his experience with iPhones.  Free iphone and 2 months of free service! Can’t miss this if you are in the market for one of these sweet phones.

#4

Free From Broke explains how recurring expenses will kill your budget.  Make sure you really need it!

#3

Planting Dollars talks about how he makes his blog happen in the Quiet hours of his life.  I am enjoying them while they last before the little monster arrives!

#2

Eliminate the Muda tells you how to make a frugal meal and it isn’t rice and beans, it is Pizza!  Note to self:  When getting out of debt, eat the cheap pizzas and skip the beans.  (Actually I love beans!)

#1

And finally, from the man who started all the madness, Financial Samurai remains on top talking about age discrimination in the workplace.  Are you too old?  Are you to young?  Do the numbers really matter?

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April 14, 2010

Don’t be so Sure!

Filed under: Debt,Proverbs,The Lighter Side,Things to Avoid — Tags: , — admin @ 9:00 am

Are you so wealthy you want to pay off another person’s debt?  If so, send me an e-mail and we can arrange something.  Keep that idea in mind as you read this post.

Proverbs is full of a lot of wisdom that can applied to everyday life.  It can also lead to a debt free life and freedom, if you only pay attention and do some simple things.  In Proverbs 6 in reads:

Proverbs 6:1-5 My son, if you become surety for your friend, If you have shaken hands in pledge for a stranger,  You are snared by the words of your mouth, You are taken by the words of your mouth.  So do this, my son, and deliver yourself; For you have come into the hand of your friend:  Go and humble yourself; plead with your friend.  Give no sleep to your eyes, Nor slumber to your eyelids.  Deliver yourself like a gazelle from the hand of the hunter, and like a bird from the hand of the fowler.

Not only should you run for your lives when are in debt.  You should also act like a gazelle when you have “become surety for your friend”.  (Check out the video in this post for a quick laugh).

Why you should not be as sure as the deodorant

Are you familiar with the deodorant commercial for Sure.  If not, take a look:

Ah, the good ole days of simply sing along commercials.  But I digress.  Back to the subject at hand.

Surety, as defined at thefreedictionary.com, is 4 things as follows:

1. The condition of being sure, especially of oneself; self-assurance.
2. Something beyond doubt; a certainty.
3. A pledge or formal promise made to secure against loss, damage, or default; a security.
4. One who has contracted to be responsible for another, especially one who assumes responsibilities or debts in the event of default.
Definition number three says you are making  pledge or promise to secure against default.  You DO NOT want to be in this position.
 

The only thing you can be sure about

Do you know what the only thing you will be sure about when you co-sign a loan for you friend or family member?  Actually there are two things.
1.  You are sure to lose a relationship….AND
2.  You are sure to be on the hook for the loan after he or she defaults.
 

Don’t do it!

Please, please, please do not co-sign that loan!  Your relationship with your best friend, sister, brother, mom, dad, son, daughter, etc is way to important to destroy over money.  Teach them to fish (save and work for the money) instead of giving them a fish (paying their loan off after they default).
 

Give it to them!

If you want to help them out, show them the money! That is right, give them the money, no strings attached.  You will keep your relationship and have an understanding from the beginning.
 

Chime in

Let us know what you think on this subject.  Have you co-signed a loan for someone?  Did it work out or did you end up paying the loan off?  I would love to hear what you have to say.

 

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