Debt

Being Committed

2015-12-18T12:08:12-06:00October 14th, 2015|Tags: |

Over 20 years ago, when Kathy and I first committed to become debt-free we started by eliminating our automobile debt. The real test came, however, when Kathy’s car was involved in an accident and we had no cash reserves! We had to decide if we were going to trust God, and honor our commitment, or borrow money. It was scary, ...

Pledging Property

2015-12-18T12:07:30-06:00October 13th, 2015|Tags: |

When I was in banking, Jim wanted a loan to buy a business. The business was risky and Jim lacked enough collateral for the loan. To protect the bank I requested his home as additional collateral. Jim was ready to sign over his home that instant, but his wife needed to agree as well. She quickly squelched the loan when ...

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