Category Archives: Debt-free

Who Says You Can’t?

A mom shared with us the following:

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My husband and I started on the book, Buying a House Debt-Free, during the kids’ nap time, and we are ALREADY filled with fresh vision. Without vision, we’ve been feeling like we’re perishing (Proverbs 29:18).

Houses in our city average $1.5 million, so we won’t be buying a single-family home here any time soon (although I do believe that God could chose to do a miracle, if He wanted). We feel God led us to our condo where we put 50% down, and with rapid market appreciation and paying down extra, we’re now up to 75% paid off in 3 years. We didn’t want to get into debt, but the property was about 50% of what other, comparable places were selling for and our monthly expenses worked out to be only $70 more than renting. It has enabled us to continue to be generous givers (if you want to give like a rich person, you’ve got to develop the heart to give when you’re not rich), and for me to stay home with the kids. We are keen to owe no one anything except love, so that we can truly be obedient to every one of God’s commandments. Pray for us to obey His EVERY word.

Let’s build each other up in faith.

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I find this testimony exciting. This couple has a “can-do” attitude, they were creative in figuring out a housing solution since single-family homes were too high, and are working quickly to pay off debt.

“Where there is no vision, the people perish: but he that keepeth the law, happy is he” (Proverbs 29:18).

Steve

Paying Ahead or Behind – Vocational Success

Seems like everyone has heard someone bemoaning their school debt. US News reports that the average college grad has more than $35,000 in school loans. That is a lot of money. Young families often struggle greatly under such a burden, and it puts tremendous pressure on a fledgling marriage. What if both husband and wife have loans? Trying to pay behind for “success” might be the greatest obstacle to their being able to attain it.

Now, picture raising your children with the mindset of paying in advance for success. They learn to make the most of their youth years. From twelve on up, they use their time preparing to be skilled adults while making a reasonable income in exchange for their time. This does not mean that they don’t have fun. They just find beneficial ways of having it. Instead of video games, they thrive on the enjoyment that comes from learning. Instead of hanging out with friends, they work out with siblings or dad or mom, which build strength and family relationships.

Soon they will seek the endorphins adult-type achievement brings as opposed to skateboards and amusement park rides. All choices involve a trade. Will they trade up or trade down for the value of their time? Likely, those trades will have great bearing on the value of their future vocational time. What their time is worth to others will directly correlate with how much time they will have available for their future family and serving the Lord.

Pay for success in advance.

“The thoughts of the diligent tend only to plenteousness; but of every one that is hasty only to want” (Proverbs 21:5).

Time

God created time. Time used wisely coupled with God’s gracious provision, enables our children to be content in Christ. It is the universal bank account that puts everyone on the same level. We each have twenty-four hours a day to draw from and invest. At the end of the day, week, month, year, lifetime: what will we have to show for it?

It’s a trade, the most basic of all transactions. Read about successful people and men devoted to the Lord. I dare you to find one that squandered his time. When I was young, I traded my go-cart for a ball glove to a teenage neighbor. I mistakenly thought, “The go cart won’t run, so what good is it?” I didn’t value my go-cart as I should have, and I made a bad trade. Today, it seems, so many squander their time away on poor trades.

Some say that self-discipline/will power is the greatest predictor of individual success, even beyond intelligence. I certainly agree. However, in addition, I have to wonder if the driving force behind self-discipline might be how much a person values his time on earth. Possibly for Christians, the next step up is our level of desire to please our Lord in all things. “And whatsoever ye do in word or deed, do all in the name of the Lord Jesus, giving thanks to God and the Father by him” (Colossians 3:17).

Will we teach our children to value their time? Productively using one’s time is vitally important in having the funds needed for life. That is foundational in being content in Christ and that is a powerful motivator for self-discipline. Learning to spend their time productively will provide dividends that those who spend their time on entertainment will not receive.

Follow-on thought for Dads.
We often receive e-mails from frustrated, struggling moms who are drowning in desperation. They know that their children are suffering from lack of a productive home and will have lifelong consequences as a result. They want to believe managing their lives is possible. Of those who purchase Managers of Their Homes, we know that some number will still needlessly struggle to be successful. The book is capable of helping them as it has tens of thousands of moms, but what is missing is their husband’s support. Many husbands don’t value time, a peaceful, productive home, and their family pays the price.

An example is bedtime/wakeup time (BTWT). We often hear how a husband likes to stay up watching the news or movies and won’t go to sleep nor get up at a consistent time. We have found over the years that BTWT is the single, biggest predictor of a mom’s success in managing her day. Yet, Dad won’t inconvenience himself to have the discipline to go to bed and get up when he should in order to be an example, leader, and help to his family.

Valuing time is critical to your children’s success. If you aren’t consistent with BTWT, I would encourage you that it is time to begin. Support your wife by being consistent. Your children’s futures are worth it. Don’t you agree?

Steve

“Redeeming the time, because the days are evil.”
Ephesians 5:16

Out by the Curb

It is extremely important to know how we are to spend our time. Maybe, even more important is to know how we should not spend our time. I encourage you to take a tour of your house and look for “things” that waste time—yours and your family’s. What a blessing of productive time you will give your family if you move whatever time-wasting “things” you discover out to the curb.

Our time is priceless and limited. It takes courage to do the right thing.

“Have not I commanded thee? Be strong and of a good courage; be not afraid, neither be thou dismayed: for the LORD thy God is with thee whithersoever thou goest” (Joshua 1:9).

Life Takes Work

Dads usually work 40 or more hours a week.

Moms with several children often work 60 or more hours a week.

Those who have initiative and work hard will do far better in life than those who love entertainment and recreation.

God put man in the garden and on this earth to work. We do our children no favors if we do not teach them to enjoy work when, in fact, they will spend the majority of their daytime hours throughout their lives working.

Are we great examples of enjoying work, or do we “live for” fun and entertainment? Work is a blessing. If you doubt it, simply ask any immigrant or person who is out of work. 

Jesus Christ was totally focused on the “work” the Father gave Him to do on earth. He gave all of His day to His work. He finished His work and now sits beside the Father so that those who believe on Him might enter the rest of eternal life with Him.

Do we have a mind to work and be about the Lord’s business while He has us on this earth, or do we have a mind to play?  

“But Jesus answered them, My Father worketh hitherto, and I work.” (John 5:17)

Steve

Make sure to follow the Debt-Free Series which is just beginning on Titus2 blog.