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Friday, March 26, 2010

Livin on the Edge...of bankruptcy

According to the Wall Street Journal 70% of Americans consider themselves living "paycheck to paycheck." So what happens when you come home to tell your spouse that the income is gone? Is that leased car looking so cool? Is the "no-money-down-mortgage" you felt was a dream-come-true seem like such a blessing? Is the "no interest for 5 years" furniture looking as beautiful? Are you beginning to feel the weight of the gold and platinum plastic that you've been carrying around?
This is not the American Dream. This is the American nightmare. Sadly, far too many Americans have bought into it hook, line and sinker. Using Other People's Money for purchases isn't liberating, it's enslaving. It shackles you to a life of payments.
Debt is not a way to win. It's a way of guaranteeing a life of losing. As Proverbs 22:7 states, "the borrower is SLAVE to the lender."

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