Some of his ideas and suggestions are radical by today's standards (actually most of his ideas are insane). But "normal" isn't working for the American culture: credit cards, bowing to the FICO score, buying stuff we can't afford, so deep in debt we can't breathe.
Life wasn't meant to be lived serving at the alter of interest payments.
Don't believe me? Check out his website and radio show for yourself.
Here's where he suggests you start: written budget and the Seven Baby Steps.
Seven Baby Steps
(1) $1,000 to start an emergency fund
(2) Pay off all debt (excluding the house) using the Debt Snowball (pay off the smallest debt first)
(3) 3 to 6 months of expenses in savings
(4) Invest 15% of household income in Roth IRAs and pre-tax retirement
(5) College Funding for Children
(6) Pay off home early
(7) Build wealth and give! ("It’s time to build wealth and give like never before. Leave an inheritance for future generations, and bless others now with your excess. It's really the only way to live!")
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His disclaimer at the end of each show:
"You'll never know financial peace, until you know the prince of peace, Christ Jesus."
What would it look like if we weren't up to our eye balls in debt?
How would our ability to enjoy life change?
What would it look like if we had money left over at the end of each month to bless others?
Take the challenge: become debt FREE!
2 comments:
I like most of this except that God does not call us to give out of our excess. He calls us to give, period. The widow who gave her two coins--all she had--was HIGHLY commended by Jesus, as was the woman who "wasted" her dowry by pouring it on Jesus' feet. So I think we should give no matter what and ask the Lord as to the amounts.
Agree! I forgot to mention that giving is apart of the initial budget (from the beginning) and is incorporated throughout his "financial plan". From listening to him, it seems that people (in general) forget to give above and beyond their "tithe", so I assume that's where the 7th step originated, poorly worded and emphasized. But YES, excess is not needed to give.
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