| 16 - How to Get Out of Debt |
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| Written by Patrick Morley |
| Wednesday, December 10 2008 09:29 |
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A debt-free pastor wrote to me and said, "Over seventy percent of my men are in farming and ranching. If I say something to them about my view of debt, their response is, 'Yeah, but you were never in farming. You can't make it in this business without large loans and taking on debt.' "Three of my men are entering a home construction venture. 'Looks real promising,' they say. But it involves big loans from the bank. "Some of my men are under almost unbelievable stress. Hail, drought, and harsh weather have made this year especially disappointing. "One of my best men was advised by his lawyer a year ago to declare bankruptcy, which he didn't do. 'I'm looking to lose $50,000 this year,' he told me last Sunday. He is really under pressure and is working his 'tail' off! Scarce is time for his precious wife and two teenaged children. "What is your counsel to these kinds of Christian men? Can one 'make it' in business, construction, farming, or ranching today without all this risk, pressure, and large debt?" What advice would you give this pastor?
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