Are you talking money? I don't have that much money because I bought one million rounds of 9mm that ill never be able to shoot.
. Me too, but I still have to pay utilities, taxes and such. It is written: "The borrower is servant to the lender."
I have a considerable amount in savings but I don't tell the kids or relatives and I hope the government doesn't know... All I want is for the wife to have it easy when I croak. Some of you talk donating $$$$ to charities if you come into the lottery. I don't want to donate to a charity because the cream of the donations is skimmed off by administration (the guy behind the mahogany desk) and very little goes to those in need. I'd rather give some money to the little old lady on a fixed income who wistfully looks at something in the store and then the price and puts the item back on the shelf knowing she can't afford the item. Or maybe to a single mother with kids in tow.
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Net worth. If that includes a million rounds of 9mm then I would say that more than qualifies!
Everyone makes their own choices on charitable contributions, your statement though is just like saying all gun owners are crazed mass shooters, it's a blanket statement that does not apply universally to all charities.
"The borrower is servant to the lender." = Not necessarily, the uneducated borrower, yes, not all borrowing is bad, you just have to be smart about it, which an inordinate number of people are not...
I have no issue with 0% or low interest debt when I can leave my funds invested.
Yep, my tax guy told me years ago, ‘you’ll never go broke paying taxes’
This^^^. Much of the wealth in the world has been produced by the wise use of credit / debt.
Its stated in the bible, "The borrower is slave to the lender" as well as several other mentions of proper management of "Gods money".
If you are not Christian, then borrow all you want.
Does the Bible prohibit borrowing money?
God's Word doesn't prohibit borrowing in general, but it does present principles that are critically important. Some Christians, as they decide how to apply these principles to their own lives, may choose not to borrow at all. Other Christians decide to borrow sensibly and repay properly.
How much can a church borrow?
A normal church can borrow up to about 4 times gross tithes and offerings, but it can be as high as six times its gross tithes and offerings. The maximum loan amount is based upon 4x-6x the church's gross tithes and offerings (before expenses).
Is it a sin to go into debt?
In fact, the Bible never states that you should not use debt. It does state however many times, that you should use extreme caution when doing so. Just like money can be used as a tool for good reasons and for bad, debt is the same way.
What does God say about borrowing money?
The absolute minimum that God's Word establishes for anyone who borrows is found in Psalm 37:21, “The wicked borrows and does not pay back, but the righteous is gracious and gives.” If we don't want to be considered by God to be wicked, we must repay any money we have borrowed.
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That paraphrase is from Proverbs, written before the New Testament and Christianity. I’m Christian, I have borrowed / used credit wisely (for the most part), and I retired comfortably 1 1/2 years ago at the age of 57.
In regards to borrowing, its best to use the Dave Ramsey principles until one understands and can be disciplined with the tool of money. Once understood, borrowing isn’t all bad but only if you understand how to manage that debt and understand risk.
Income is a strong tool but as one learns to invests wisely, leverage can be another tool.
After reading some of the responses in this thread I will say:
When people ask about how to become “X” I believe that it makes sense to only listen to people that have proven “X”
Example, I don’t ask fat people how to eat or broke people how to invest....so always consider the source.
Income is a strong tool but as one learns to invests wisely, leverage can be another tool.
After reading some of the responses in this thread I will say:
When people ask about how to become “X” I believe that it makes sense to only listen to people that have proven “X”
Example, I don’t ask fat people how to eat or broke people how to invest....so always consider the source.
