Monopoly
by Pastor Rob Jones | March 23, 2010
Good afternoon COTHI!
I pray that you are pursuing the Lord this week. He IS the answer to every question you have or solution you need. It is in His Word. I was reading this blog the other day from Bishop Keith Butler and I felt led to share it with you. So here goes…
The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs 22:7
Money in families is important. Just as important are practices to avoid when handling your money. Specifically, there are three things to avoid in terms of learning to make the most of your family money. Number one, never borrow money for depreciating items. The Scripture text says, "The rich ruleth over the poor, and the borrower is servant to the lender."
Borrowing money has gotten more people in trouble. I recently saw a truth-in-lending statement from someone who was buying a house. By the time the interest accrued, they will be spending triple the amount of the house. Furthermore, you need to be careful when purchasing cars. It's just not wise to stretch out payments over a 60-month period on something that depreciates so quickly. It loses its value as soon as it leaves the lot.
The 26th verse will tell you about another practice to avoid. Don't become security for somebody else. Verse 26-27 says this, "Be not thou one of them that strike hands, or of them that are sureties for debts. If thou hast nothing to pay, why should he take away thy bed from under thee? "
There are many who co-sign for others, be it relative or friend. You didn't make the bill, you're not going to get the benefit of it, you're not driving the car, you're not wearing the coat, they are. They got the benefit of it; you signed your name, now they don't pay it. Why should they come take away your bed from you?
If people would follow what the Bible said, they'd stay out of trouble. Most people I know who are in financial trouble are not there because they have not had enough money come through their hands over the years. Most people I know who have financial trouble have wasted and squandered it, or have not managed it well. God does supply our need. But it's what happens with what you do with the supply that is the issue.
"So the eyes of man are never satisfied."
Number three, avoid get-rich-quick schemes. Avoid them like the plague. If you could get rich quick, don't you think somebody smarter than you would have already gotten it? Everybody would have it. There is no such thing as a get-rich-quick scheme. I keep telling you to watch this multi-level pyramid stuff, even the ones that are technically legal. They may be legal, but what they do is sell you on this taking advantage of somebody else's ignorance. And even if it is technically legal, I believe it's morally not. Anytime somebody comes along, tells you that you don't have to do much, someone is pulling your leg. And I don't care if they wear a clergy collar; I don't care if they got Rev. Dr. in front of their name or any other thing. There is no such thing as a get-rich-quick scheme. W.C. Fields said, "There's a sucker born every day."
Pastor Rob Jones
The rich ruleth over the poor, and the borrower is servant to the lender. Proverbs 22:7
Money in families is important. Just as important are practices to avoid when handling your money. Specifically, there are three things to avoid in terms of learning to make the most of your family money. Number one, never borrow money for depreciating items. The Scripture text says, "The rich ruleth over the poor, and the borrower is servant to the lender."
Borrowing money has gotten more people in trouble. I recently saw a truth-in-lending statement from someone who was buying a house. By the time the interest accrued, they will be spending triple the amount of the house. Furthermore, you need to be careful when purchasing cars. It's just not wise to stretch out payments over a 60-month period on something that depreciates so quickly. It loses its value as soon as it leaves the lot.
The 26th verse will tell you about another practice to avoid. Don't become security for somebody else. Verse 26-27 says this, "Be not thou one of them that strike hands, or of them that are sureties for debts. If thou hast nothing to pay, why should he take away thy bed from under thee? "
There are many who co-sign for others, be it relative or friend. You didn't make the bill, you're not going to get the benefit of it, you're not driving the car, you're not wearing the coat, they are. They got the benefit of it; you signed your name, now they don't pay it. Why should they come take away your bed from you?
If people would follow what the Bible said, they'd stay out of trouble. Most people I know who are in financial trouble are not there because they have not had enough money come through their hands over the years. Most people I know who have financial trouble have wasted and squandered it, or have not managed it well. God does supply our need. But it's what happens with what you do with the supply that is the issue.
"So the eyes of man are never satisfied."
Number three, avoid get-rich-quick schemes. Avoid them like the plague. If you could get rich quick, don't you think somebody smarter than you would have already gotten it? Everybody would have it. There is no such thing as a get-rich-quick scheme. I keep telling you to watch this multi-level pyramid stuff, even the ones that are technically legal. They may be legal, but what they do is sell you on this taking advantage of somebody else's ignorance. And even if it is technically legal, I believe it's morally not. Anytime somebody comes along, tells you that you don't have to do much, someone is pulling your leg. And I don't care if they wear a clergy collar; I don't care if they got Rev. Dr. in front of their name or any other thing. There is no such thing as a get-rich-quick scheme. W.C. Fields said, "There's a sucker born every day."
Pastor Rob Jones