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014 BAD DEBT & WHY YOU DON'T WANT ANY OF IT by Jacob D Lee
Manage episode 307178668 series 2977351
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Episode 14: Bad Debt & Why You Don’t Want Any of It, with Jacob D. Lee
Great is the relationship of debt when it comes to managing finances and businesses. There is a lot to consider when borrowing money either for personal or business purchases and everyone should learn to be good stewards of what God gives.
SHOW NOTES:
Debt for some is taboo but when we’re running a business, we have to understand the relationship of debt to our money and our finances. The Bible is very much open in teaching ways to handle this sensitive topic and we only have to be very receptive to His teachings.
Incurring debt is not discouraged but a lot of consideration must be taken into account. Is it going to be good debt or bad debt? How will it affect the business moving forward? Being faithful stewards of God’s blessings, we have to be really careful and accountable for these actions.
Key Takeaways:
01:14 - Proverbs 22:7 (“The rich ruleth over the poor and the borrower is servant to the lender.”)
01:46 - Proverbs 22:26-27 (“Be not thou one of them that strike hands or of them that are sureties for debts.”)
02:10 - Proverbs 17:18 (“A man void of understanding strikes at hand to become surety in the presence of his friend.”)
02:18 - Proverbs 11:15 (“He that hath surety for a stranger shall smart for it.”)
02:32 - Psalm 37:21 (“The wicked borroweth and payeth not again…”)
03:02 - Luke 14:28 (“For which of you attempting to build a tower sitteth not down first and counteth the cost…”)
07:24 - Romans 13:8 (“Owe no man anything, but to love one another…”)
Thank you for listening to today’s episode. Tune in to the other episodes HERE. Make sure to FOLLOW so you’ll never miss out!
Great is the relationship of debt when it comes to managing finances and businesses. There is a lot to consider when borrowing money either for personal or business purchases and everyone should learn to be good stewards of what God gives.
SHOW NOTES:
Debt for some is taboo but when we’re running a business, we have to understand the relationship of debt to our money and our finances. The Bible is very much open in teaching ways to handle this sensitive topic and we only have to be very receptive to His teachings.
Incurring debt is not discouraged but a lot of consideration must be taken into account. Is it going to be good debt or bad debt? How will it affect the business moving forward? Being faithful stewards of God’s blessings, we have to be really careful and accountable for these actions.
Key Takeaways:
01:14 - Proverbs 22:7 (“The rich ruleth over the poor and the borrower is servant to the lender.”)
01:46 - Proverbs 22:26-27 (“Be not thou one of them that strike hands or of them that are sureties for debts.”)
02:10 - Proverbs 17:18 (“A man void of understanding strikes at hand to become surety in the presence of his friend.”)
02:18 - Proverbs 11:15 (“He that hath surety for a stranger shall smart for it.”)
02:32 - Psalm 37:21 (“The wicked borroweth and payeth not again…”)
03:02 - Luke 14:28 (“For which of you attempting to build a tower sitteth not down first and counteth the cost…”)
07:24 - Romans 13:8 (“Owe no man anything, but to love one another…”)
Thank you for listening to today’s episode. Tune in to the other episodes HERE. Make sure to FOLLOW so you’ll never miss out!
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