Monthly Archives: January 2017

Five Financial Principles That We Live By

The following five financial principles have enriched our lives and made us happier. We wanted to share them with you.  By being intentional with our money, we have created financial peace in our lives.

1. We do not borrow money. 

Proverbs 22:7 says ‘The borrower is slave to the lender.’ We made a decision early in our marriage by drawing a line in the sand saying we were never going to borrow money again EVER.   When we first got married, we paid off our consumer debt, which was a big Home Equity Line of Credit.  Four years later, we made our final payment on our house and became completely debt-free.  We knew we never wanted to go back into debt. When we want to buy something now, we save up the money for it.  We truly feel like the borrower is slave to the lender and that’s a position we never want to be in with anyone or any company.  It has changed the way that we view purchases. When we are saving up for something first before purchasing, we have to really evaluate whether or not it’s worth the money and if we find value in it.  When we do finally buy something, we are very intentional with the purchase. We often find more value in what we bought because we were patient enough to save up the money for it before we purchased it.

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