Be Aware! Don’t Be Deceived By Calling Your Debt Good

It's time for us to move past the archaic debt designations of good debt and bad debt. Instead, we ought to re-evaluate our debt situations to see if we can find a new paradigm for how we can evaluate the blessedness or burden level of our debt. The most important thing that must happen is we must recognize that debt brings some sort of negative pain or consequences.  It doesn't matter how … [Read more...]

How Good Debt Can Go Bad

Have you heard someone say, “debt is fine as long as it’s ‘good’ debt?”  The idea of good debt is defined as using debt to purchase something that will appreciate in value.  Some view it as a tool that helps you meet your goals faster and more easily.  Here are four common sources of ‘good’ debt and how these debts can actually turn bad. Home Mortgages Paying cash for a home is very difficult, … [Read more...]

Tithing (Giving) While in Debt

The following is a question related to giving/tithing while in debt that a  reader emailed to me: How do you balance good stewardship and putting God first – or is there a difference? Let’s say you have gotten into a lot of debt, learned a lot of hard lessons and are doing everything possible to improve your financial situation. You have worked diligently to cut expenses wherever possible and … [Read more...]