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The Water Cooler
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How many millionaires do we have here?
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<blockquote data-quote="Shoot Summ" data-source="post: 3568102" data-attributes="member: 1055"><p>Does the Bible prohibit borrowing money?</p><p><strong>God's</strong> Word doesn't <strong>prohibit borrowing</strong> in general, but it <strong>does</strong> present principles that are critically important. Some Christians, as they decide how to apply these principles to their own lives, may choose not to <strong>borrow</strong> at all. Other Christians decide to <strong>borrow</strong> sensibly and repay properly.</p><p></p><p>How much can a church borrow?</p><p>A normal <strong>church can borrow</strong> up to about 4 times gross tithes and offerings, but it <strong>can</strong> be as high as six times its gross tithes and offerings. The maximum <strong>loan</strong> amount is based upon 4x-6x the <strong>church's</strong> gross tithes and offerings (before expenses).</p><p></p><p>Is it a sin to go into debt?</p><p>In fact, the Bible never states that you should not use <strong>debt</strong>. 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, <strong>debt</strong> is the same way.</p><p></p><p>What does God say about borrowing money?</p><p>The absolute minimum that <strong>God's</strong> Word establishes for anyone who <strong>borrows</strong> is found in Psalm 37:21, “The wicked <strong>borrows</strong> and <strong>does</strong> not pay back, but the righteous is gracious and gives.” If we don't want to be considered by <strong>God</strong> to be wicked, we must repay any <strong>money</strong> we have <strong>borrowed</strong>.</p></blockquote><p></p>
[QUOTE="Shoot Summ, post: 3568102, member: 1055"] Does the Bible prohibit borrowing money? [B]God's[/B] Word doesn't [B]prohibit borrowing[/B] in general, but it [B]does[/B] present principles that are critically important. Some Christians, as they decide how to apply these principles to their own lives, may choose not to [B]borrow[/B] at all. Other Christians decide to [B]borrow[/B] sensibly and repay properly. How much can a church borrow? A normal [B]church can borrow[/B] up to about 4 times gross tithes and offerings, but it [B]can[/B] be as high as six times its gross tithes and offerings. The maximum [B]loan[/B] amount is based upon 4x-6x the [B]church's[/B] 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 [B]debt[/B]. 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, [B]debt[/B] is the same way. What does God say about borrowing money? The absolute minimum that [B]God's[/B] Word establishes for anyone who [B]borrows[/B] is found in Psalm 37:21, “The wicked [B]borrows[/B] and [B]does[/B] not pay back, but the righteous is gracious and gives.” If we don't want to be considered by [B]God[/B] to be wicked, we must repay any [B]money[/B] we have [B]borrowed[/B]. [/QUOTE]
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