Introduction
The rich rule over the poor, and the borrower is servant to the lender.
One man pretends to be rich, yet has nothing….
1) EMBRACE THE VALUE OF SELF-CONTROL.
Like a city whose walls are broken down is a man who lacks self-control.
2) EMBRACE THE VALUE OF SACRIFICE.
Let us fix our eyes on Jesus, the author and perfecter of our faith, who for the joy set before himendured the cross…
If you pay $217.93 per month on $14,517 at 18%, it will take 40 years to pay off debt (totaling $104,606.40).
If you invest $14,517 at 12% for 40 years = $1,350,820.94.
If you invest $14,517 and add $217.93 per month at 12% over 40 years = 3,597,615.75
3) EMBRACE THE VALUE OF PLANNING.
Suppose one of you wants to build a tower. Won’t you first sit down and estimate the cost to see if you have enough money to complete it?
The plans of the diligent lead to profit as surely as haste leads to poverty.
THE FIRST TWO BABY STEPS
- SAVE $1000 FOR EMERGENCIES.
- DO THE DEBT SNOWBALL.