What The Bible Says About Debt
We concluded our annual Stewardship Emphasis Month at the Shiloh Church today. We are also on the runway to launch our “Back to the Future” capital campaign. Our prayerful goal is to pay off our mortgage and prepare for new open doors.
I preached a topical message today entitled, “What The Bible Says About Debt.” It is only the second topical message I have preached in my seven years as pastor of Shiloh.
I sought to make basic, biblical principles about dealing with debt…
I. Debt is owing more than you can pay.
There are four different types of debt:
A. Credit card debt
B. Consumer debt
C. Mortgage debt
D. Investment debt
II. Debt is a spiritual matter (Prov. 3:6a; Luke 16:10-13).
III. Debt is not necessarily sinful (Rom. 13:8).
There are several big questions you should ask before deciding to going into debt?
A. Does it make economic sense?
B. Are you and your spouse united?
C. Do you have spiritual peace about this decision?
IV. Debt is not wise.
Why is it not wise to get into debt?
A. Debt is enslavement (Prov. 22:7).
B. Debt presumes on the future (Prov. 27:1; James 4:13-17).
C. Debt robs God of the opportunity to work (Prov. 3:5-6; 2 Kings 4:1-7).
D. Debt displays contentment (Phil. 4:10-13; 1 Tim. 6:6-10).
V. Debt must be repaid (Ps. 37:21; Prov. 3:27-28).
A. Give to God first (Ps. 24:1; Prov. 3:9-10).
B. Guard your heart (Prov. 4:23; 1 Tim 6:10; Matt. 6:19-21).
C. Live within your means (Prov. 27:23-24)
D. Develop a repayment plan.