W146 & W415!

Monday, October 6, 2008

Breaking The Curse of Debt - Pastor Kong (:

Luke 16:3
Mammon-Syrain God of Debt

Loan VS Debt

Loan - Serviceble Eg: Using Master Card to pay for your meals out of convenience but still write a cheque to pay it later.

Debt - Unserviceble [No Idea how pay back]

Loan - Appreciation [Things in assets that appreciate]

Debt - Depreciation [Things in assets that depreciate]

Proverbs 22:6-7
Debt is a habit lifestyle which can become an addiction.
Debt - A bondage that will draw you away from God.
Debt will also cause you your freedom.
When we are in debt we will say NO to what God wants us to do for YEARS!

2 Kings 6:4-7
Getting in debt will cause you to be anxious, stress and have broken relationship and friendships.
Our God is a debt cancelling God! (:
Nehmiah 5:3, 5-6, 6-7
You will tend to get angry over something because you are urgent about it.
The book of old testement was build on the theme of debt cancellation.

Why is it important to have education?
Education increases your net value.

How do I break free from debts?

1. Keep Good Records. Proverbs 27:23-24
Ignorance + Easy Borrowing = Disaster
-Know where your money goes.
-Know how much you earn

2. Plan Your Spending. Proverbs 21:5 Proverbs 21:20
Have a plan, have a budget!
Budget - Plan Spending.
Everyone must have budget!

3. Reduce Your Debts Rapidly. Proverbs 3:27-28
Repay your debts as soon as you can!
Borrower is the servant of the lender.

4. Pay your tithes faithfully to the house of God. Nehemiah 13:10-12
Tithing qualifies you to be God's riches inheritance.

5 Miracles will happen when you pay your tithe. Malachi 3:10-11
a. Church will be a blessing to all.
b. Heaven will be open over your life.
c. Devourer will be rebuked away.
d. Hard work will bear fruit.
e. Spirit led investments will prosper.

5. Give your best offerings to God. 2 Kings 4:1-7
Debts will enslave you even when you are serving God.
Sucess always comes in small increment!

12:30 AM