Monday, April 18, 2011

The Modern day Slave

If you are in DEBT, you are a SLAVE, a modern day Slave!
In Israel, in the olden times, the Year of Jubilee was celebrated every seven years. People looked forward to this seventh year because it was the year when people were released and freed from the bondage of slavery. If they owe anything, their debts were cancelled. If they sold their land, it was returned to them. It was one of the most joyful time!

But why do they become slaves in the first place? When people owed something and couldn't pay, they become slaves to their creditor. Their creditor could sell or even kill them. Today, this still happens. Creditors could make your life miserable.

“Debt is a slavery of the free” Publilius Syrus

Today, many are still slaves to their creditors. They have allowed themselves to purchase items on credit hoping that when their paycheck comes, they can settle the debt. People buy appliances, cars, personal items and even groceries on credit. Unfortunately, the more they buy on credit, the more they wallow in debt until they can no longer free themselves from the slavery of debt and the tyranny of the creditor!
“The only man who sticks closer to you in adversity than a friend is a creditor.”

“Live within your means; never be in debt, and by husbanding your money you can always lay it out well. But when you get in debt you become a slave. Therefore I say to you never involve yourself in debt, and become no man's surety. If your friend is in distress, aid him if you have the means to spare. If he fails to be able to return it, it is only so much lost.” Andrew Jackson

There it is! Many times we miss the answer. We complicate things in life. The first step towards living a debt-free life is to follow the advice of Andrew Jackson, “live within your means”! I suggest that you take stock of all your debts and choose today to stop buying things on credit. Do not spend more than you earn. Live within your means.

P.S. There is a way out of this predicament. One thing you need to do is educate yourself and learn from those who have been there and have overcome their debt problems.

As they say, don’t go to a drowning man for swimming lessons. Never again will I be a slave to my credit card. I have learned my lesson, the hard way. Today, I am privileged to help people put their financial house in order. You too, will be set free from debt. Decide today to be debt-free. You can!

To your debt-free life,

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