HOW TO GET OUT OF DEBT?
Debt does
not just mean owing money, but it’s a spirit. Borrowing is good when it is for
the acquisition of assets or for the generation of more money. But many in our
society borrow for the acquisition of liabilities, simply because of
covetousness or “I want to be like others-syndrome.” Listed below are some
basic principles to get out of the spirit of debt?
§ Get connected with God and invite Him
to help you.
§ List all your debts and have a clear
total of what you owe.
§ Do not go deeper in debt or add to
what you already have in 2 above.
§ Start reducing your debt no matter
how small. Pay it off little, one by one, priority by priority.
§ Cut your expenses and avoid excesses.
§ Maintain a focus to staying out
permanently.
§ Go for investment, and allow it pay
for your needs.
§ Pray against the spirit debt all
through the process and take dominion.
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