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The number of times people "TALK ABOUT" debt is more often than not a fruitless gesture. But The Bible, rather than merely discuss it... offers a SOLUTION for it. But, given the system of government that men have adopted over God's laws... it's doubtful that man will solve the debt problem.
Under God's laws; under which men are to "tithe," or give ten-percent of, their income [God's "taxation"] to the Judges and Leaders of the nation [which in God's Government are the "clergy"] -- this leaves everyone NINETY PERCENT OF THEIR INCOME TO SPEND ON THEMSELVES!
"...The purpose of tithing is TO TEACH YOU TO ALWAYS FEAR THE LORD YOUR GOD." (Deut.14:23 NLT New Living Translation)
"At the end of every third year bring the tithe of all your crops and store it in the nearest town. Give it to the Levites [your government leaders], who have no inheritance among you, as well as to the foreigners living among you, the orphans, and the widows in your towns, so they can eat and be satisfied. THEN THE LORD YOUR GOD WILL BLESS YOU IN ALL YOUR WORK." (verses 28-29)
An aside note: Notice that in God's Government, the leaders HAVE NO INCOME beyond the tithe! Could America, and all the nations of the world, take a lesson?
One would think, considering this system of government and agrarian society, that debt wouldn't exist... but God has established His "creation" so that men might learn to help one another, become indebted to one another, and learn to Love and Respect one another through life's "character-building" trials. So it is that "debt" becomes an integral part of life.
"Financial debt" has merely come to the foreground in man's existence more than his "debt to humanity" [money is more important to selfish man than his fellowman] -- but it's GOD'S GRACE, MERCY and FORGIVENESS that is the BIG LESSON on mankind's plate to be learned -- and the forgiveness of "financial debt" is a part of that lesson:
"At the end of EVERY SEVENTH YEAR you must CANCEL YOUR DEBTS." (Deut.15:1 NLT)
"THIS IS HOW IT MUST BE DONE. Creditors must cancel the loans they have made to their fellow Israelites [legal citizens] - not to foreigners living among you. THERE SHOULD BE NO POOR AMONG YOU, for the LORD your God WILL GREATLY BLESS YOU in the land He is giving you as a special possession.
"You will receive this blessing IF YOU CAREFULLY OBEY THE COMMANDS OF THE LORD YOUR GOD that I AM giving you today. The LORD your God will bless you as He has Promised. You will LEND MONEY TO MANY NATIONS but WILL NEVER NEED TO BORROW! You will rule many nations, but they will not rule over you!
(Remember when America LENT to the nations, instead of being the BORROWER? Is she a "borrower" today because she has failed to follow God's instructions on "How It Must Be Done?")
"But if there are any poor people in your towns when you arrive in the land the LORD your God is giving you, DO NOT BE HARD-HEARTED or TIGHTFISTED TOWARD THEM. Instead, be generous and lend them whatever they need. Do not be mean-spirited and refuse someone a loan because the year of release is close at hand. If you refuse to make a loan and the needy person cries out to the LORD, you will be considered guilty of sin. Give freely without begrudging it, and the LORD your God will bless you in everything you do.
"There will always be some among you who are poor. That is why I AM commanding you to share your resources freely with the poor and with other Israelites [citizens] in need." (verses 2-11)
It's not the "number of times" the Bible "talks about debt" that matters... but whether or not we will OBEY God's laws whose intent is so:
"...ALL WILL BE WELL WITH YOU AND YOUR CHILDREN. Then you will ENJOY A LONG LIFE in the land the LORD your God is giving to you FOR ALL TIME." (Deut.4:40 NLT)
Financial debt is a "big business" in the world man has created for himself... because from the beginning, man has refused to obey His Creator's benevolent laws, intended for man's well-being and happiness. This world "talks about financial debt, and talks about it"... while at the same time, promises everything a man could want for a price beyond his financial means.
And debt thrives.
The number of times this world harps on the woes of financial debt is as useless as whatever number of times it's addressed in the Bible. If the rules aren't followed... the suffering and misery continue unabated; and shall grow worse.
In the Bible... and in God's coming Kingdom... financial debt will not be the soaring business it is in this world. Jesus Christ will rule the nations according to the laws recorded in the Bible. God's Word will be His Kingdom's CONSTITUTION! The laws recorded for us in the Bible are there for men to know, and obey, and to BE FREE FROM DEBT - NOW! They shall be the laws that will be ENFORCED and OBEYED for a thousand years of global Peace and Prosperity under Christ's rule.
And "all will be well with the nations."
What else can I help you with?
Was black slavery biblical?
No. The Bible never says a person should become a slave based on the color of his/her skin. There were instances of slavery in the Bible, but there were laws that told how long a person could be kept a slave and also the Bible said slave owners were to be kind to their slaves, not beat them and mistreat them. There were people in the US in slavery times that believed they were justified by the Bible, but they should have read the whole thing, including how the Bible says to love others. In Bible times slavery often had to do with financial debt, and in that case would end when the debt was paid. The book of Philemon deals with a slave that had run away, but had also become a Christian during that time. The Bible tells his former owner to receive him not as a slave, but as a brother in Christ.Philemon 1:15 For perhaps he therefore departed for a season, that thou shouldest receive him for ever;Philemon 1:16 Not now as a servant, but above a servant, a brother beloved, specially to me, but how much more unto thee, both in the flesh, and in the Lord?
What is the relationship between debt ratio and insolvency?
The debt ratio measures the proportion of a company's total assets that are financed by debt, indicating financial leverage. A higher debt ratio suggests that a larger portion of assets is funded through borrowing, which can increase the risk of insolvency if the company struggles to meet its debt obligations. When a company's debt ratio exceeds a sustainable level, it may face liquidity issues, making it vulnerable to insolvency during economic downturns or revenue declines. Thus, a high debt ratio can be a warning sign of potential financial distress.
What is the formula used to calculate debt ratio?
Debt ratio to determine the strength of a companies financial strength is calculated by taking all the companies debts and dividing it by total assets.
What are the two main outcomes of a debt-for-nature swap?
The two main outcomes of a debt-for-nature swap are the reduction of a country's external debt and the enhancement of environmental conservation efforts. In these agreements, a portion of the debt is forgiven in exchange for commitments to invest in environmental protection projects, such as reforestation or biodiversity conservation. This arrangement benefits both the creditor, who reduces their financial risk, and the debtor, who gains financial relief while promoting sustainable development.
Is debt marketed just like any other product?
Yes, debt is marketed similarly to other products, with financial institutions employing advertising and promotional strategies to attract borrowers. Lenders often highlight favorable terms, low interest rates, and the benefits of borrowing, positioning debt as a solution to financial needs. However, unlike typical consumer goods, debt carries risks and obligations that require careful consideration, making responsible marketing and consumer education essential.
How many times is 'debt' mentioned in the Bible?
The term "debt" appears numerous times in the Bible, with varying counts depending on the translation. In the King James Version, the word "debt" is mentioned about 14 times. It is often used in the context of financial obligations, moral debts, and forgiveness, particularly in the New Testament, where it is famously referenced in the Lord's Prayer.
How is financial management used in modern times?
Financial management is used in modern times to keep track of a house hold budget or alleviate debt.
What is the name given to phobia of financial debt?
What is the name given to the fear of financial debt?
How do you figure out the degree of financial leverage at a company?
Leverage is the amount of debt relative to shareholder capital, or equity. So a company with 3 times as much debt as equity is three times leveraged.
Where can one get financial help for business debt in Toronto?
There are a variety of places that one can find financial help for business debt in Toronto. For a Canadian, In Charge Debt Solutions offers a way to seek relief for dealing with debt. National Debt Relief Services Inc is also located in Toronto to provide financial help for business debt.
Do financial advisors help you with debt?
Financial advisors tell you about what's best for you and your money. A financial advisor definitely can help you find ways to make debt easier to get out of.
How does settlement debt relief vary from financial management?
Settlement debt relieve will vary from financial management because financial management provides education on your finances, settlement helps solve financial problems.
What is considered a good debt ratio for financial stability?
A good debt ratio for financial stability is typically considered to be around 30 or lower. This means that your total debt should not exceed 30 of your total income. A lower debt ratio indicates that you have manageable levels of debt and are less likely to encounter financial difficulties.
What are debt ratios?
Debt ratios are financial metrics used to evaluate a company's leverage and financial health by comparing its total debt to its total assets or equity. Common debt ratios include the debt-to-equity ratio, which measures the proportion of debt relative to shareholders' equity, and the debt-to-assets ratio, indicating the percentage of a company's assets financed by debt. These ratios help investors and analysts assess the risk associated with a company's capital structure and its ability to meet financial obligations. High debt ratios may signal increased financial risk, while lower ratios typically suggest a more stable financial position.
Is a high debt to asset ratio good for financial stability?
A high debt to asset ratio is generally not good for financial stability because it indicates that a company has a high level of debt compared to its assets, which can increase financial risk and make it more difficult to meet financial obligations.
What is the significance of personal debt to equity ratio in determining an individual's financial health?
The personal debt to equity ratio is important in assessing an individual's financial health because it shows how much debt they have compared to their assets. A high ratio indicates a higher level of debt relative to assets, which can be risky and may lead to financial instability. On the other hand, a low ratio suggests a healthier financial position with more assets than debt, indicating better financial stability and ability to manage financial obligations.
What type of business is NCO Financial?
NCO Financial are a debt collection business. If one owes money to a company, they may refer the matter to a debt collection company such as NCO Financial, who will then contact the person in debt to try and obtain the outstanding funds.
