5 Strategic Tools For Grabbing the Debt Bull by Its Horns
This article will show you The Five Strategic Tools To Get Out Of Debt in your personal life and in your Christian based business.
A lot of Christian based business proprietors are beginning to realize that freedom from debt does not come from wishing and thinking or from 'naming and claiming'.
To get out of debt, you must resolve to grab the debt 'bull' by the horns.
You must confront your debt situation with a sound strategy, followed by single-minded execution.
The following are some of the strategic tools you can apply to your personal finances to get out of debt.
Tool #1: Make A Decision to Get Out Of Debt And Immediately Take Action You need to stop making false 'positive' confessions.
You must resolve to swallow your ego and need to show others you are okay.
You must understand that Goliath will Not Go Away without a Showdown.
You must take the action that is desired and God will back you up.
Tool #2: Pray For Guidance, Direction And Strength To Follow Through On Your Decision -If any of you lacks wisdom, he should ask God, who gives generously to all without finding fault, and it will be given to him- (James 1:5) You must learn to fast and pray for divine direction and strength to follow through on your plan.
The devil is very clever.
One of the most successful demons he is fond of sending to us is the demon of weariness and discouragement.
You must pray for strength and direction to resist poverty and debt in your life.
Using only your soul or intelligence to attack the problem will not work.
Knowledge and native wisdom alone is not going to work, 'for we wrestle not against only flesh and blood'.
You will be wise to believe that this injunction from Paul is not only against spiritual attacks of sickness.
Tool #3: You Must Understand That The Credit Joke Is On You Statistics show that about 20% of money earned by most people at their jobs is spent on paying debt.
You must understand that the Bank/Lender's Interest on the money you borrowedis not in your best interest.
You must wake up and understand that there is very little 'grace' in the 'Grace Period' given to you by your lender.
It is a sad reality that repayment 'deadlines' are often set by your creditors to make you 'die' financially.
'Minimum' payments on your debts are designed by your lenders to keep you in Permanent Payment.
To deliver yourself from debt hell, you must realize that the whole 'banking' or lending system is set up to systematically drive you into bankruptcy! You will be on your way to permanent deliverance from debt once you recognize that the whole debt joke is on you and your family, and begin to take appropriate actions to get out of the cadre of financial losers.
Tool #4: You Must Know The State Of Your Personal Finances- Be Sure To Know The Condition Of Your Flocks.
It is amazing how many people do not even know their net worth, or the balance in their savings or checking accounts.
Many people are not even aware of the exact level of their indebtedness.
To make it in the financial world, you must know where you are financially- how much you owe and how much you are owed.
It is important to write your income and expenses on paper to see how badly shaped you are.
After seeing the whole sad story of your finances on paper, you must resolve to perform drastic surgery.
You must establish a spending plan and Commit yourself to a plan of prayer and fasting for deliverance! Tool #5: You Must Repent of the 'Debtly' Sins That Is Killing Your Business There some money management 'sins' that are guaranteed to lead you into long term debt.
To really be on your way to financial recovery, you must determine to 'repent' of the 10 'debtly sins'.
Theses 'sins include.
Some of these sins include - Being presumptuous on your finances.
- Being Impulsive on purchases.
- Coveting Your Neighbors Possessions.
- Failure to establish Financial Goals.
- Failure To Be Proactive about your debt situation.
- Wastefulness.
- Procrastination on financial matters.
- Avoiding Responsibility for your finances.
- Robbing Peter to pay Paul.
- Spending More Than You Make.
A lot of Christian based business proprietors are beginning to realize that freedom from debt does not come from wishing and thinking or from 'naming and claiming'.
To get out of debt, you must resolve to grab the debt 'bull' by the horns.
You must confront your debt situation with a sound strategy, followed by single-minded execution.
The following are some of the strategic tools you can apply to your personal finances to get out of debt.
Tool #1: Make A Decision to Get Out Of Debt And Immediately Take Action You need to stop making false 'positive' confessions.
You must resolve to swallow your ego and need to show others you are okay.
You must understand that Goliath will Not Go Away without a Showdown.
You must take the action that is desired and God will back you up.
Tool #2: Pray For Guidance, Direction And Strength To Follow Through On Your Decision -If any of you lacks wisdom, he should ask God, who gives generously to all without finding fault, and it will be given to him- (James 1:5) You must learn to fast and pray for divine direction and strength to follow through on your plan.
The devil is very clever.
One of the most successful demons he is fond of sending to us is the demon of weariness and discouragement.
You must pray for strength and direction to resist poverty and debt in your life.
Using only your soul or intelligence to attack the problem will not work.
Knowledge and native wisdom alone is not going to work, 'for we wrestle not against only flesh and blood'.
You will be wise to believe that this injunction from Paul is not only against spiritual attacks of sickness.
Tool #3: You Must Understand That The Credit Joke Is On You Statistics show that about 20% of money earned by most people at their jobs is spent on paying debt.
You must understand that the Bank/Lender's Interest on the money you borrowedis not in your best interest.
You must wake up and understand that there is very little 'grace' in the 'Grace Period' given to you by your lender.
It is a sad reality that repayment 'deadlines' are often set by your creditors to make you 'die' financially.
'Minimum' payments on your debts are designed by your lenders to keep you in Permanent Payment.
To deliver yourself from debt hell, you must realize that the whole 'banking' or lending system is set up to systematically drive you into bankruptcy! You will be on your way to permanent deliverance from debt once you recognize that the whole debt joke is on you and your family, and begin to take appropriate actions to get out of the cadre of financial losers.
Tool #4: You Must Know The State Of Your Personal Finances- Be Sure To Know The Condition Of Your Flocks.
It is amazing how many people do not even know their net worth, or the balance in their savings or checking accounts.
Many people are not even aware of the exact level of their indebtedness.
To make it in the financial world, you must know where you are financially- how much you owe and how much you are owed.
It is important to write your income and expenses on paper to see how badly shaped you are.
After seeing the whole sad story of your finances on paper, you must resolve to perform drastic surgery.
You must establish a spending plan and Commit yourself to a plan of prayer and fasting for deliverance! Tool #5: You Must Repent of the 'Debtly' Sins That Is Killing Your Business There some money management 'sins' that are guaranteed to lead you into long term debt.
To really be on your way to financial recovery, you must determine to 'repent' of the 10 'debtly sins'.
Theses 'sins include.
Some of these sins include - Being presumptuous on your finances.
- Being Impulsive on purchases.
- Coveting Your Neighbors Possessions.
- Failure to establish Financial Goals.
- Failure To Be Proactive about your debt situation.
- Wastefulness.
- Procrastination on financial matters.
- Avoiding Responsibility for your finances.
- Robbing Peter to pay Paul.
- Spending More Than You Make.
