We did what was right in that we learned how to live below our means, but we were continually being punished for it by low interest that was paid to us for our savings, and by high real estate prices.
So, the rising interest rates are bad news for people who are irresponsible and greedy, but very good news for those who are content. That is why truly contentment is a great gain in the long term.
But if you are the one who is in debt, don't panic. There is still time for you to bring your house in order, but that time gap is rapidly growing. The rise in interest rates was very small, but it will continue in the future. Being in debt is never good for you regardless of whether the credit is cheap or not. The borrower is always a slave to the lender. Don't be a slave.
The key to your freedom is contentment, because if you are content with what you have, you will not be greedy for more, and you will not be buying the things you don't need in order to impress the people you don't like. You will be free and you will not be wicked as only the wicked borrow and do not pay back. Cut down on your expenses now and pay your debts as soon as possible.
It feels truly great when you don't owe anything to anyone except love. You are free from any financial anxiety. And it is especially true if you are a Christian. You were bought at the great price to be free and not to be slave of people, especially of those who run the banks and you will be more free to give to causes that advance the kingdom of God instead of making the wicked system of this world that is ruled by the devil rich. You cannot serve both God and mammon. Serve God. Pay your debts, give, and be blessed.
Author's Note: Image the courtesy of versaday.com
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