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It was (and is) particularly relevant as we are facing mountainous debt (accumulated over many years, and some the result of “questionable” business practice by others…) and God convinced us that trusting him even more—by only spending money when we actually have it—that life would go even better for us. Or perhaps better stated, that life would continue to get harder if we didn’t do that.
So in recent conversations, I’ve been very encouraged that people are getting smarter about money. Maybe not everyone. And maybe the people I’ve been talking with recently have always been smart. But either way, it’s so nice to see the results of diligence and wisdom in money management.
A friend of mine told me today that their house would be completely paid off this year, and both of their cars by next year. Debt free. All by the age of 35. That’s awesome. Other friends tell similar stories, and almost always it is a result of being smart with the money you have.
Our culture has for too long thought that you could spend money you’d make later. (Just look at how our government, from federal down to local, handles money and budgets!) That just doesn’t really work. In a way, it seems there’s no other way to purchase something as large as a house, but we’ve heard stories of young adults who have saved up to purchase their first home with cash (and did!) so we’re already starting Ian (our oldest) on such a savings path. Rather than instant gratification—enjoy now, pay later—Ian is learning the value of saving, which in the end means you keep much more of your money, and usually get to enjoy the things you wanted to anyway. And more!
We are coming up on three years of not adding any debt to our existing debt. That means that the overall amount is coming down. That’s fantastic. And it’s fun to hear real-life examples along the way.
Do you have one? Feel free to share it here. Hope you, too, are your money’s master, rather than the reverse.