Friday, January 18, 2008

Are you a slave or you are a master..?

Are you a slave or you are a master of your personal finances? You are either in charge of your personal finances and on your way to a brighter future or you’re unwittingly spending the whole of your lifetime sweating for unknown masters.

Whether you agree or not at one time or the other you made the choice or you will make the choice!

The above comment sounds harsh and perhaps rude, but it is the truth. So many unknowingly are slaves working for others. They earn salary that is never enough and accumulate debts that will further enslave generations unborn.

  • If you spend more than you earn (meaning you owe debt) then you are already a slave .
  • If you spend all that you earn (meaning you have no savings) then you are a servant.
  • If you spend less than you have(meaning you have savings but you are at the mercy of inflation and adverse economic policies), then you are a paid laborer.
  • If you earn without lifting a finger (meaning your money is working for you) then you have mastered your finances.

The biblical injunction that a borrower is a servant to the lender (Proverb 22:7) is a timeless truth that will endure until the end of the ages. Don’t you think it is time you get rid of those debt and plan for a better future. A good man leaves an inheritance for his children not debt! (Proverb 13:22)