We’re Debt Free!

Posted by on January 1, 2013 in Pastor's Blog

The rich rules over the poor, and the borrower is the slave of the lender. – Proverbs 22:7

Some of you might be familiar with a guy named Dave Ramsey.  He has a pretty good radio show on in the late afternoons, as well as a training program called, Financial Peace University.  In it he teaches people the value of becoming debt-free.  He shows the destructiveness of debt, the waste of paying interest to banks and other money-loaners, and the stress that debt piles upon homes and marriages.  He teaches students how to pay off all of their debts except the mortgage, then pay it off, as well.  It’s about building wealth, security, and peace of mind through good stewardship.  We actually held a Financial Peace University here at Crossroads a couple of years ago … only a small handful of people completed it.

Well … I was one of those people.  And I was sold.  Actually, I had already bought into the philosophy and lifestyle several years ago.  And for the past four years or so, Kim and I have been actively and aggressively retiring all of our debts.  We have slowly paid off credit cards, appliance loans, and car loans.  All the while we have also worked to save for our future retirement and build up an emergency fund.

Well, yesterday we made a major step in the plan.  Kim and I went to the bank and pulled money out of our emergency fund and paid off her car.  Done.  Free and clear.  We’re just waiting for the title to come in the mail.

So, other than our mortgage, we are DEBT FREE!  And we are upping our payments on it, as well.  Our goal is to have our house paid for in six years.  We’re even making our regular “car payment” to ourselves, saving up the cash in our own bank account so that in three years we can walk onto a car lot and pay cash for a new vehicle.  No payments.  No interest.  No waste.

I know … we’re weird.  It seems like we’re not like everybody else.  But weird is good!  And it is amazing how, when you don’t owe interest and payments to a bank, you have so much more cash on hand to buy the things that you want or need … or to bless others through giving.

Debt Freedom.  It’s a good train … all of you should take a ride!

If you would like more information, or if you’re interested in being part of a Financial Peace University (there’s a new version available!), just give me a shout.

Blessings to you,

Pastor Geoff