HOW TO DEAL WITH THE GIANT CALLED DEBT!

Today we are sharing on “HOW TO DEAL WITH THE GIANT CALLED DEBT!”  
“Owe no man anything, but to love one another: for he that loveth another hath fulfilled the law” (Rom. 13:8, KJV).

Do you know that you are going to hell if you happen to be owing anyone some money as at the time you depart from this world? So many people are in hell today because of unpaid debts. The Bible says, “The wicked borrow and don't pay back…” (Ps. 37:21).

And so, what will happen to the wicked? “The wicked shall be turned into hell and all the nations that forget (despise) God” (Ps. 9:17)

It is possible that right now you are owing so many people that you really don’t know how to come out of all that debt.

This is true: the life of indebtedness is a life of bondage. God’s perfect will for your life is that you live a life of overflow (Jn. 10:10) so that you can lend to nations and be a blessing to others.

What is debt? A debt is something one person owes to another person. Whatever you do to enjoy today at the expense of tomorrow is called DEBT.

Do you know that if you are indebted, you are under a curse? So, indebtedness brings you under a curse (Deut. 28:43-44).

How do debts come? Debt comes as a result of one’s refusal to postpone his/her wants.

What does it mean to owe? To owe means to be indebted to someone.

A life of indebtedness is a life of bondage. And that is not God’s plan for your life. God’s will for your life is that you live a life of overflow (Jn. 10:10) so that you can lend to nations and be a blessing to others.  So today, I want to show you how to deal with the giant called debt so that you can go to the level of REST in your finances.

How then can one get out of debt?

1. Realize that it is the will of God to help you come out of debt. It is the will of God that you are debt-free (Isa. 50:7).

2. Make up your mind to be debt-free. You must be determined to get out of debt.

3. Put all further spending on hold until you are totally out of debt. You must discipline yourself to stop any further spending until you have paid off all your debts. Stop buying until you have finished paying all that you owe! For instance, instead of eating out, you can fix your own food at home.

4. Know what you spend your money on. To be out of debt you must learn to spend your money on appreciating assets – things that can yield you money in future.

5. Cut down on your spending. Spend on things that are really relevant. Avoid frivolities. That which you desire to buy, do you really have a need of it?

6. Be very cautions of how you spend your money. You ought to be content with such things as you have (1 Tim. 6:6).

7. You ought to plan your spending (Gen. 2:15-17).  “Good planning and hard work lead to prosperity, but hasty shortcuts lead to poverty” (Prov. 21:5).

8. Don’t ever spend more than you earn. This should be your pattern of spending your money: 1. Spending money: 80% of your income, 2. Your Tithe: 10% of your income, and 3. Compulsory Savings: 10% of your income.

9. Whatever you cannot pay for immediately, forget it. Form the habit of never ever buying anything on credit. If you must buy anything at all, it must never be on credit no matter how pressing that may appear to be. Whatever you don’t have the cash to pay for immediately is not the will of God for your life at that time.

10. You should live below your means. You must live within and below your income, and not above your income.

11. Have the wealthy place mentality (mindset) (Ps. 66:12). As you increase the greatness of this ministry, God will pull you out of the fire. He will pull you out of the flood, and bring you into a wealthy place, a place of fulfillment.

12. Create an open heaven by being a faithful tither (Mal. 3:10). When you tithe you will overflow in every area of life. When you overflow in your finances, you’ll be able to settle all your bills, and still be a blessing to others.

In Malachi 3:10 God said, “Bring ye all the tithes into the storehouse, that there may be meat in mine house, and prove me now herewith, if I will not open you the windows of heaven, and pour you out a blessing, that there shall not be room enough to receive it.”

13. Regularly review your expenditure. Re-evaluate the things you spend your money on. The things you are spending your money on, are they really worth it?

14. Create an out of debt flow. How do you do that? “And as you would like and desire that men would do to you, do exactly so to them” (Lk. 6:31). You can give your way out of debt by sowing into someone else’s release from debt (Gen. 8:22; Lk. 6:38; 2 Cor. 9:6-8).

What have you done to get your church out of debt? There is a supernatural anointing that is turned on every time you bear another person’s burden. Where have you sown? Who have you helped to come out of debt?

What you make happen for others, God will make happen for you! If you help others come out of debt, then God will also help you come out of debt (Gal. 6:7).

15. Realize that God is a debt-cancelling God. God cancelled the debt of the widow woman whose husband was one of the sons of the prophets (2 Ki. 4:1-7). If God cancelled her debt because she sowed her last card towards the work of God, He will also do the same for you if you would do what the woman did.

16. Start speaking your freedom. Speak to that mountain called debt. Don’t speak about it but speak to it. Call those things that be not as though they were. For instance, Jesus spoke to the fig tree (Mk. 11:13-23). From verse 14 we see that the fig tree was talking to Jesus. Do you know that your debt is talking to you each time you remember it? So you should answer it by speaking faith-filled words to it.

You too can get out of debt if you follow the above listed 16 steps.

I therefore, challenge you to re-examine how you manage your money and then re-position yourself in line with the Word of God so that you’ll not only come out of debt, but will also cross over to the land of more than enough and dwell there continually. Taking the above listed steps will surely bring you out of debt. Give it a trial. Reject the spirit of lack and embrace the spirit of overflowing abundance because that is God’s perfect will for your life. 

Watch out for the next edition of Good news from the Pulpit!

•        Your friend: I. I. MADUBUNYI (Senior Pastor)                                                              07.05.2019