Day 9 - Debt and Presumption

• + - Scripture
  • + - James 4:13-16

    • Come now, you who say, Today or tomorrow we will go into such and such a town and spend a year there and trade and make a profit 14 yet you do not know what tomorrow will bring. What is your life? For you are a mist that appears for a little time and then vanishes. 15 Instead you ought to say, If the Lord wills, we will live and do this or that. 16 As it is, you boast in your arrogance. All such boasting is evil.

  • + - Proverbs 22:26-27

    • Be not one of those who give pledges, who put up security for debts. 27 If you have nothing with which to pay, why should your bed be taken from under you?

• + - Thoughts
  • + - Presumption:
    • counting on an outcome that is uncertain or unknowable
    • Presumption is arrogance.
  • + - Facts from James 4
    • We don't know the future.
    • God's will is paramount.
  • + - Prudent debt limitation
    • 1. Borrow only for assets that can appreciate in value or produce an income.
    • 2. Don’t owe more against an asset than its liquidation value.
    • 3. Don’t let debt payments strain your budget.