The Truth About Debt

Themba A Malashe

Description

The book is the first series of Get Out Of Debt, Now! and it is called The Truth About Debt. It focuses on the knowledge regarding the truth about Debt and encompasses the truth about what debt is, the truth about what can debt do and finally, the truth about preventing yourself from falling into the debt trap. The whole book is based on the Biblical truth about debt and is practical.

Sujets

• Religion
• Christianisme
• Christian Living
• Inspirational
• Philosophie et théologie

Informations

• Publié par: eBookIt.com
• Date de parution: 21 février 2013
• Nombre de lectures: 0
• EAN13: 9781456607067
• Langue: English

Extrait

Copyright © 2011 Themba A Malashe
 
First edition published by Reach Publishers 2011
 
The text of this publication, or any part thereof, may not be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, storage in an information retrieval system, or otherwise, without the prior written permission of the publisher.
The Author/Publisher has made every effort to trace and acknowledge sources/ resources/individualsIn the event that any images/information have been incorrectly attributed or credited, the Author/Publisher will be pleased to rectify these omissions at the earliest opportunity.
 
Published in eBook format by eBookIt.com
http://www.eBookIt.com
 
 
ISBN-13: 978-1-4566-0706-7
 
Edited by Cathy Eberle for Reach Publishers Cover designed by Reach Publishers Website: www.aimtoinspire.com
E-mail - [e-mail]
 
DEBT FREE FOUNDATION
Debt Free Foundation is an independent organisation founded by WBN Media (a division of ATM Business Solutions cc) and managed by The Kingdom Times Trust aimed at educating, counselling, advising and freeing believers from DEBT.
 
DEDICATION


This book is dedicated to all those whom Paul speaks about in:
 
2 Corinthians 4:8
“We are pressed on every side by troubles, but we are not crushed. We are perplexed, but not driven to despair. We are hunted down, but never abandoned by God. We get knocked down, but we are not destroyed.”
 
It is dedicated to those who are passionate and committed about living their lives FREE from all debts.
 
God requires us to be free from everything that is heavy for us to bear, thus
 
He sent his only begotten Son Jesus Christ to die for us.
 
Jesus Christ paid all our DEBTS, meaning we are delivered from all forms of DEBTS.
 
Are you willing and ready to live a debt free life — it is possible, as all debts have been paid.
 
All answers are rightly hidden in the WORD, for you to discover them for your Glory.
 
Get ready to free yourself from Debt and enjoy life in abundance.
 
Themba A Malashe
 
INTRODUCTION


I n this book I will be talking to you regarding the truth about debt. It is necessary for you to know the truth as it has the power to set you free. Only the knowledge of truth can set you free.
 
“And you will know the truth, and the truth will set you free”. John 8:32
 
The million dollar question is: what is the meaning of this truth, or rather, who is this truth? Before we continue, let’s answer the question that has blinded us all these years, and unlock the world of freedom that is found in knowing the truth. All answers about the truth can only be found from the book of life, that is, the Bible.
 
“Jesus told him, ‘I am the way, the truth, and the life. No one can come to the Father except through me.’” John:14:6
 
Jesus is the truth whom God has sent to save the drowning world. He is our road map to freedom from all forms of debts, because he paid all our debts and took away all our iniquities. To further confirm this, let’s look at a verse from the book of John 8:36 “So if the Son sets you free, you are truly free.”
This is Jesus speaking as the only begotten Son of God, confirming that he is indeed the truth who came to deliver us from all kinds of debts. The only way to be freed from anything in any manner, is by knowledge of the truth. Knowledge of the truth is the key to our freedom. As we are about to dig deeper into the knowledge of the truth about debt, it is imperative that we invite the Holy Spirit who is our counsellor and our helper, to counsel us and help us to understand as we read through this book. Join me in this short prayer of declaration against debt, and if you can, please make it your everyday prayer:
 
“Heavenly Father,
thank you that Jesus your only begotten Son, came from heaven to earth
to teach us the truth;
from the earth He went to the cross, to forgive all our debts;
from the cross to the grave to uproot the root of debt;
from the grave back to heaven
to intercede for us that we may live the life that he created — the life of freedom.
Holy Spirit, counsel and help us to do just that for the Glory of God.
We ask this, in the name of Jesus Christ, Amen!”
 
WHAT IS DEBT?


T he definition of debt is broad and may differ in definition from one person to the other. But I have found it very significant and relevant
for me to look at this question based on the following three pointers.
 
In my simple terms, debt is:
owing something;
an obligation or liability to pay ;
or
an offence or trespass requiring forgiveness.
 
If we want to understand the meaning of debt, it is very important that we look at every word that is connected to the true meaning of debt.
 
Let’s look at these three pointers individually:
 
Debt is owing something
To owe something means that you have either borrowed or taken something from someone with his permission, or you have made a vow or a promise of something to someone. It all means that you owe that thing to that person.
I guess that in this life, we all owe something to someone and owe our lives to God who gave His only begotten Son, Jesus Christ to die on our behalf for the forgiveness of our sins. ‘Debt’ means owing something to someone — it does not necessarily mean owing money, but rather it means owing something . It could be money, time, life, love, favour, etc.
We need to look at how one ends up owing something to someone.
 
1. By borrowing something from someone with an arrangement to return it — you owe that person what was borrowed.
 
“If someone borrows an animal from a neighbour and it is injured or dies when the owner is absent, the person who borrowed it must pay compensation to the owner.“ Exodus 22:14
 
Some of the things that we borrow:
 
a) Money
b) Cars
c) Property
d) Equipment e) Clothes
 
2. By making a promise (vow) of doing something for someone. By making a vow, you become indebted to that person to whom you made the vow.
 
“A man who makes a vow to the Lord or makes a pledge under oath must never break it.“ Numbers 30:2
 
Vows and promises that we make:
 
a) Marriage
b) Pledges
c) Friendships
d) Memberships e) Promises
 
 
Debt is an obligation or liability to pay
Let us take a look at the definitions of the two key words in the preceding definition: obligation and liability .
An obligation is a duty to do something. A duty is a ‘must’ — it must be done. A person who is indebted must perform his duty of paying his debt. This means that when you owe someone, there is only one way out, and that is to fulfil your duty.
Liability is defined as being legally responsible for something.
In this context, debt consists of being duty bound and legally responsible to pay what is owing.
Let’s look at how one ends up having this obligation or liability to pay.
 
 
1. By being a person or human being
 
“Give to everyone what you owe them: Pay your taxes and government fees to those who collect them, and give respect and honor to those who are in authority.“ Romans 13:7
 
Things that we are obligated or liable for as people:
 
a) Taxes
b) Rates
c) Honour and respect
d) Praise and worship
e) Tithe and offerings
 
2. By being a parent, guardian, leader, by standing surety, etc.
 
“Owe nothing to anyone - except for your obligation to love one another.“ Romans 13:8
 
Things that we are obligated to or liable for as parents, leaders, guardians, by standing surety, etc:
 
a) Love
b) Care
c) A Legacy
d) Help and support
e) Guidance
f) Leadership
 
 
Debt is an offence or trespass requiring forgiveness
To examine debt as an offence or trespass requiring forgiveness, we ought also to understand the key words of the concept. Key words are ‘offence’, ‘trespass’ and ‘forgiveness’. Let’s look at each separately:
 
An offence means breaking the law.
Trespass means to breach, violate, break-in, contravene, or disobey.
Forgiveness means pardon, mercy, or amnesty.
 
We need to look at how one ends up committing a trespass or an offence which requires forgiveness:
 
1. By breaking the law:
 
“‘Who told you that you were naked?’”the Lord God asked. ‘Have you eaten from the tree whose fruit I commanded you not to eat?’” Genesis 3:11
 
2. By not doing what you know must be done — omission:
 
“What do you think? There was a man who had two sons. He went to the first and said, ‘Son, go and work today in the vineyard’. ‘I will not’, he answered, but later he changed his mind and went. Then the father went to the other son and said the same thing. He answered, ‘I will, sir’, but he did not go. Which of the two sons did what his father wanted?” Matthew 21:28-31
 
Things that require forgiveness or reparation:
 
a) Sins
b) Iniquities
c) Misconduct
d) Omissions
e) Disrespect
 
THE TRUTH ABOUT DEBT


The background of debt
A fter God created the heavens and the earth and spoke everything into being, He created man in his own image and likeness.
 
“So God created human beings in his own image. In the image of God he created them; male and female he created them.” Genesis 1:27
 
God gave the man whom he created everything he needed and desired. The Bible tells us that God gave the man and woman His blessing to bear fruit, and increase in numbers. God left them needing nothing. Man was only obligated to work and take care of the garden:
“The Lord God placed the man in the Garden of Eden to tend and watch over it.” Gen 2:15 Man was happy and content with all that God had blessed him with, that is, with what he had. Because there was nothing owed to anyone and no transgression or offence that required forgiveness, everyone in the Garden of Eden was happy, including God. The Bible says God used to visit man in the garden — this tells us that everything was well betwee