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02/08/2009 - Dave Burtis - The ABCs... B=Bondage
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February 08, 2009 11:55 AM PST

02/08/2009
Dave Burtis
The ABCs of Financial Freedom
B=Bondage

I. What does the Bible say about debt?
A)Going into debt makes you a searvant to someone else other than God. Proverbs 22:7
B)It's clearly a sin if you borrow and don't repay. Psalm 37:21
C) The Bible warns that it's better not to go into debt. Proverbs 17:18
D) The longest term of debt God's people took on in the bible was seven years. Deuteronomy 15:1
E) You are not in control of your own future. James 4:13-15
F) When you go into debt you are asking someone else other than God to meet your needs. Phil 4:19

II. Four Spending Mistakes
A) Impressive Spending
B) Impulsive Spending
C) Excessive Spending
D) Unplanned Spending
III. How do we get there?
1. Acknowledge the reality of where you are
2. Commit your financial future to God
3. Develop a plan of attach
A) Decide to take on no more debt
B) Adjust your lifestyle
C) Start setting money aside for emergencies
D) Start paying off ebt smallest to largest
E) Make sure you and your spouse are on the same page

Resources:
Mary Hunt - Dept Proof Living
Larry Burkett - Debt Free Living
Crown Financial Services
Dave Ramsey's Financial Peace University

D - Dumb
E - Excuse
to
B - Buy
T - That