Don’t Die in Debt
God has an exit plan for each of us. We just don’t know when or how. Are you financially prepared?
Undisciplined spending causes serious issues that can last a lifetime – and beyond.
Aside from catastrophes that lead to debt, many elderly Americans are financially trapped by their poor planning. pleasures they pursued in this life rather than experiencing the joy promised by Christ.
CreditCards.com conducted a poll and found that 65% of Americans with debt don’t know if or when they’ll get out of it. And, a full 25% expect to die with debt!
Mortgage debt was most commonly reported, followed by credit cards, auto loans, student loans, medical debt, and personal loans.
People should avoid retiring with debt, but 30% of seniors still carry a mortgage. It’s vital that people prepare years ahead of retirement. This requires a disciplined lifestyle of sacrifices, lifestyle changes, and priority adjustments.
It demands a realistic look at finances and a working knowledge of proper stewardship so that your final years can be spent in peace.
It’s irresponsible, selfish and unnecessary for people to die expecting someone else to pay their bills. Sacrificing desires and living contrary to the world is how our forefathers were able to leave an inheritance for their children.
It’s heartbreaking to see the stress brought on families because of debt. So do your part and break the cycle. Make a will and consider life insurance to cover your death and funeral costs. You’ll bless those you leave behind.
As the Apostle Paul said: Owe no one anything, except to love each other, for the one who loves another has fulfilled the law. (Romans 13:8 ESV)
This would be a great time to check out our on-line video courses to help you with your finances. To learn more, Call the Crown Help Line at 800 722-1976 or visit Crown.org