Debt as Slavery

Debt as Slavery

What do Publiluis Syrus, Andrew Jackson, Ralph Waldo Emerson, and Ezra Pound all have in common? 


Their words of WISDOM on DEBT and Slavery


Debt is the slavery of the free.” ~Publiluis Syrus

“When you get in debt you become a slave.” Andrew Jackson

“A man in debt is so far a slave.” ~Ralph Waldo Emerson


“Wars in old times were made to get slaves. The modern implement of imposing slavery is debt.” ~Ezra Pound


They all spoke about debt existing as a form of slavery. 


Even Proverbs 22:7 states that the borrower is slave to the lender


So WHY has debt quickly becoming a new form of modern slavery in this country when we know the DANGER? 


People have become increasingly more willing to borrow to purchase consumer items and lifestyle enhancements before they actually earn the money. Huh? What did I just say?


We spend money before we earn it. 


And its close cousin is true also...


We spend more than we make.

And let's not forget those od us that just don't save 

Although most people would agree that debt is not good- it still has a chokehold on so many of our friends and family members. Most normal people are just plain broke. 

If you’re in debt, you don’t have the FREEDOM to use your money the way you want.

72% of Americans have debt. Let’s take control of our money once and for all! It may not be easy but it is possible. It requires a plan, determination, and consistency. 

According to Dave Ramsey, “Winning at money is 80% behavior and 20% head knowledge. What to do isn't the problem; doing it is.”


So, How do I start?

First things first- cut spending. Not fun I know... but just think about how a temporary sacrifice can give you freedom later!

Next- sell things you don't need, don't use or don't like. Dave Ramsey has been quoted, "Sell so much stuff the kids think they are next." LOL
Finally- seek out another stream of income. That can be working overtime, a parttime job, babysitting, making and selling something or starting your own small business. If you don't like your current employment start to think about what you do enjoy doing. Sometimes we need to do things we don't enjoy for a season, but we should always be looking forward to creating the life we desire.  
(Check out my OolaLife Challenge in my FB group Break Free & Live if you want a more balanced life. The challenge will help you create a plan to get you to where you want your life to be)

Stop Creating Debt and…

Create a starter Emergency Fund of $1000


STOP: don't roll your eyes and dismiss this advice because you think you could never save $1000!! Often times an unexpected expense causes us to go into debt. If we have a backup plan, an emergency fund, it gives us that buffer we need to avoid pulling out that credit card. But first, we need to stop pulling out that credit card for items that we don’t have the money for…. And for a season I propose cutting spending to needs only so that you can put money aside for those rainy days. 

So, Where do I start?

Do you currently have an emergency fund?

JOIN MY FREE GROUP: Moms of Faith: Debt Free & Beyond