MoneyWalk 121 Do Not Compromise With Debt

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This program will help you undo financial bondage.

God desires that you be debt-free. He wants this for your personal life and business ownership. Many have ignored His instructions and warnings about debt and others have compromised His standards not believing it’s possible to be debt-free. While a few people appear better off because they leveraged debt, the vast majority of people destroy peace and joy in their lives by taking on excessive debt.

A legitimate reason for taking on debt could be when parents have no other way to provide food or shelter during a period of poverty in which severe hardship has overtaken the family. It may also be acceptable to use debt instruments whenever you have fixed assets of an amount that covers the total loan plus interests and costs and enough stable income and cash flow to cover the monthly payments.

Often people consider it shrewd to leverage debt because the purchased property could increase in value over many years to be far greater than the outstanding amount of the loan, or because renting it to someone else could create enough cash flow to cover the monthly loan payment and other expenses. Some call it using other people’s money to make money.

You must be very careful when walking this path because most people who engage it have good intentions but are unable to produce enough cash flow to cover the loan payments and/or at the wrong time in their lives the value of the property dropped due to market conditions and they could only off-load it at a loss. In many situations, people (even Christians) had property repossessed or foreclosed on or were forced to file bankruptcy, which result in huge amounts of debt still being pursued by bill collectors and government agencies.

When people compromise by taking on debt instruments without the net worth to cover the entire amount of indebtedness, they usually short-change the Kingdom of God and the Church and bring financial hardship upon their families. Unfortunately, one bad choice seems to never be enough, so they enter into similar situations with many creditors to obtain unneeded property, cars, and other purchases. This eliminates cash flow that should be used to invest and grow wealth. It puts them in a position where they choose to pay creditors instead of paying tithes and giving abundant offerings to help lead people to Jesus Christ and teach them how to walk in His ways.

While most people want blessings and rewards from Him they unfortunately make financial pacts with the devil and give his methods more allegiance than they give bible principles. Your vision should be focused on the fact that His way for you to walk this life helps you prosper immensely. He wants to bring you out of debt, not further encumber your life with debt. Debt freedom is truly the best position to work yourself into. It’s wonderful to know His vision for you is that large and He is powerful enough to help you make it happen!

Deuteronomy 28:12-13, Psalms 37:21-22, Proverbs 22:6-7, Romans 13:8

Please pray for this ministry and email questions to and share the links below with others who need guidance. May the LORD bless you richly as you follow His plan!

Share weekly with family and friends so these bondage-breaking articles and other financial information can help them gain helpful insight!

The book at the link below provides principles and practical steps that help you use the Power To Get Wealth. By 1992, we had $135,000 of debt and a negative $35,000 net worth. Financial bondage and turmoil led me to seek principles and a process for employing good stewardship. As a result, we became constructively debt-free in 1998, mortgage free January 2004, millionaires in 2012, multi-millionaires shortly thereafter, and retired in 2018 in my mid-fifties from public servant jobs while giving abundantly to fund the gospel of our LORD Jesus Christ. The same power is available to you!

You can find books authored by Randy and Karen Parlor at