Listen to the latest 60 second episode of Integrity Moments with Rick Boxx
With low interest rates and easy credit, many businesses have been piling on debt at a record pace. Any time you borrow money, however, you are presuming that you’ll have the ability to repay that debt.
Your cash flow and collateral may be strong, giving you confidence in borrowing money. But what’s often overlooked is that only God knows the future.
James 4 teaches, “Come now, you who say, ‘Today or tomorrow we will go to such and such a city and spend a year there and engage in business and make a profit.’ Yet you do not know what your life will be like tomorrow.”
2020 was a great reminder about our tomorrows being outside our control.
Debt always comes with risk. Don’t presume tomorrows profits will always be there.
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