Proverbs 22:7
The rich rule over the poor, and the borrower is servant to the lender.”
Commitment #3
I will eliminate all debt from my life and live debt free from now on.
Debt is like an anchor that weighs us down and limits what we can do. When we are in debt then we are basically the servants of the one we owe. If we truly want financial freedom then we need to systematically and intentionally eliminate our debt. The worse kind of debt is credit card debt. The average household in the United States has several thousand dollars of credit card debt. The interest rates of credit card debt are exorbitant. That kind of debt can weigh us down for all of life.
Have you made the commitment to eliminate your debt and live debt free? Can you be more intentional about the elimination of your debt?