A Journey to Unindebtedness: A Journal, Entry 1

Owe no one anything, except to love each other, for the one who loves another has fulfilled the law (Rm. 13:8).

Though the above-mentioned verse may be taken out of its context for my purposes intended, I do believe the concept of living a life free of financial debt is a biblical one. For the Christian, as long as he owes debtors on this earth, he is a slave to two or more masters–to the Lord and to those whom he owes. And while one is indebted to financial lenders, he is under obligation by the law and the Lord to be faithful to those debts, though those debts may inhibit him from serving the Lord in a free and zealous way.

Through years of my own stupidity, I have enslaved myself to many masters. For I bought into the culture that declares that all should be able to partake of the luxuries of this world, and have, for several years, lived a life that’s luxuries have far exceeded my means.

For this reason, my wife and I, after many discussions, prayers, and pouring over of the heart of God revealed in the Scriptures, have decided to do something about the tremendous debt that we have. We have looked upon the world’s remedy (which is to finance things for thirty years or more), and have decided that that remedy is not the best way for us to serve and honor the Lord. Therefore, we are seeking, by God’s grace, to figure out a way that we can, as Christians in America, rid ourselves of our debt-masters in as short amount a time as possible, and live within our means the rest of our days, being ready to pick up and leave at a moment’s notice, if the Lord so desires.

We have decided that the best way to accomplish this is to simplify the way in which we live. We have started this journey by looking at ways by which we can drastically cut back our expenses in this life and then pursue those ways by faith.

The first way is our mortgage. Me being foolish, and banks being even more foolish, chose to purchase a home a few years ago when lenders were desirous to give any and everyone a loan, even without a down payment. Thus I was sucked into a situation where most of my earnings go to pay for the home in which I live, leaving my wife and I living paycheck to paycheck.

For this reason, we are seeking to first rid ourselves of our mortgage and to find a way to live in a home that is a fraction of the cost of the home we are in now. We, for this reason, have contracted with a seller of a lot of land in Wendell, North Carolina–a lot which we were able to get for a very reasonable price. We are seeking to sell our present home in North Raleigh, and to place upon that land in Wendell a cheap, mobile home (one which someone is simply trying to get rid of), and to live in that while we pay off our debts with the money that is freed up from our not having a mortgage.

We are, however, very early in the stages of doing this, for we have yet to discover where the funds for this land is going to come. We are trusting that if this is the Lord’s will, the funds will become available, and we will eventually, despite the market, be able to sell our home. Please pray for us and our dealings with lenders on the land, with our preparations for selling our present home in the not so distant future, with our finding a decent mobile home for practically nothing, and for our hearts in the matter. I will keep everyone updated with future journal entries.

Thank you for your prayers, and may God be glorified in our lives.

Categories: Unindebtedness Journal

Tags: , ,

2 replies

  1. You should come work at Crown. 😛

    I have a question: The Bible teaches that it is better obey than to sacrifice (1 Sam), and to give your neighbor what you owe him (if you are in debt) _while_ / as soon as you have the means to do so (Rom. 13:6, verses in Proverbs that I'm too lazy to look up). Given these two verses, does it follow that one's financial focus (after staying alive and healthy) should be to pay back our creditors?

    I think other passages apply: We are to try to get our freedom if we can, and the one in debt is enslaved to his creditor. The same principle applies: We are to try to be free from earthly bondage of various sorts in order to better serve God.

    What do you think?


  2. I do agree with that, and it is one the of the motivating forces behind our attempt to live simply. Because while we are in debt up to our eye balls, we can scarcely drop everything to serve God in some outstanding way, being that our disregarding our debts would not be honoring to God.


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