(Perhaps) The Biggest Lie We've Been Duped Into Believing

Did you know that if you repeat a lie long enough, people will start to believe it? By repeating it over and over, people’s defenses eventually wear down. That doesn’t make the lie any truer, just people more likely to accept the lie as truth.

Here’s one of the biggest lies we’ve been duped into believing: debt can be a good thing. Debt can be managed. Debt can be leveraged. Watch this short commercial and see if you can spot the lie:

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It’s hard to root against Sydney. She’s cute, she’s spunky, she’s chasing her dream! But did you catch the lie? “Her valuable assets were staying, and selling her car wouldn’t fly. We helped Sydney manage her debt . . .” In other words, Wells Fargo helped give her a big fat loan and put her in debt. But it’s okay if she’s chasing her dream, right? Next month when the bill comes due, she gets a pass if she’s chasing her dream, right? When you buy a car you can’t afford, you get a pass if your heart is in the right place, right?

The Bible is very clear on this: “The rich rule over the poor, and the borrower is slave to the lender.” Proverbs 22:7 Debt is slavery, with masters like Visa, Mastercard, and your bank. Debt is not something to be managed; it’s something to be avoided. Jesus came to set us free, why would we willingly enslave ourselves financially to other people? If Sydney’s dream was worthwhile enough, she should be willing to sell something to get there. As it is, she’s likely to have to give up her dream to start paying back all the loans she took out to chase her dreams. Debt is bad.

Don’t buy into the myth that debt can be a good thing. Get out of debt, and experience the financial freedom that God intends for you.