Friday, March 3, 2017

A strategy to deal with debt...


This week, we have been addressing an issue that has been prevalent and prominent in the conversations that we have been having as a culture when it comes to money, possessions, and treasure. And that issue is the issue of debt. So far this week, we have talked about the state of debt in our culture today.

Wednesday, we talked about the significance of debt in our culture today by looking at two different passages that provide us a timeless principle when it comes to the issue of debt. And that timeless principle is this: When it comes to treasure, debt reveals an arrogance that enslaves us.

We talked about the reality that the temptation to get into debt is driven by an arrogance that blinds us to the reality that debt will enslave us. You see, awareness, leads to discontentment, which leads to debt. We can be perfectly content until we became aware that there is something better. And it was that awareness that fueled an arrogant discontentment that can lead to debt.

Now, today you may be thinking “well Dave that is great; thanks for telling me this now, but where were you five years ago? I am in debt now, how am I supposed to get out of debt?”

If that question is running through your mind, I have good news for you. And that good news is that the letters that make up the Bible also provides a strategy on how to get out of debt; a strategy that we find back in the book of Proverbs. So let’s look at that strategy together, beginning in Proverbs 6:1:

My son, if you have become surety for your neighbor, Have given a pledge for a stranger, If you have been snared with the words of your mouth, Have been caught with the words of your mouth,

In this proverb, we see Solomon addressing the issue of debt with his son by providing an example of what not to do. To understand the example, however, we first need to define some terms. When Solomon uses the word surety, he is referring to a person who pledges to guarantee the debt of another. The word pledge here refers to making a down payment that serves to seal a financial agreement.

In our culture today, we refer to this as being a cosigner on a loan. Solomon is providing an example of a person who provides the down payment and cosigns on a loan for another that commits them to be responsible to pay off the loan if the person defaults on the loan. Notice how Solomon describes this financial arrangement in verse 2: “If you have been snared with the words of your mouth, have been caught with the words of your mouth”.

Solomon uses a hunting metaphor that paints a picture of an animal being caught by the bait of a trap to describe how a person becomes caught by the bait of debt by making the commitment to enter into such a financial arrangement as a cosigner. Here’s the timeless principle that Solomon provides in these verses: Never, ever, ever, be a cosigner for a loan.

There is a reason why that bank is not willing to lend a person money. And that reason is because the bank views that person as being a serious risk to fail to pay back the loan. There is myriad of landmines that surround the idea of cosigning for someone else, especially when it involves family. After providing the example of debt, Solomon then provides a strategy for getting out of debt in verse 3:

Do this then, my son, and deliver yourself; Since you have come into the hand of your neighbor, Go, humble yourself, and importune your neighbor. Give no sleep to your eyes, Nor slumber to your eyelids;

Here we see Solomon provide his son three specific commands in order to deliver, or free himself from the trap of debt that he had become caught in. Solomon’s first command is to go. In other words, Solomon is revealing the reality that debt is a serious and urgent problem that requires immediate attention. Debt does not resolve itself; the trap of debt needs to be attacked immediately and aggressively.

Second, Solomon commands his son to humble yourself. What is so interesting is that this command, in the language that this letter was originally written in, literally means to exert oneself to the point of exhaustion through persistence. Solomon’s point behind this command is that getting out of debt requires strenuous effort. While it does not take much effort to get into debt, it takes a great deal of effort to get out of debt.

Third, Solomon commands his son to importune the lender. This word literally means to plead your case aggressively or to badger someone. In other words, Solomon is encouraging his son to consistently and persistently speak to the lender to attempt to negotiate a situation where the debt could be paid off sooner or with terms that are more reasonable.

In verse 4, Solomon then reinforces these commands with two additional admonitions: Give no sleep to your eyes, Nor slumber to your eyelids. Solomon’s point is that we are not to be lazy when it comes to dealing with our debt. Instead we are to deal with the debt immediately. Solomon then paints an amazing word picture to summarize his strategy in verse 5:

Deliver yourself like a gazelle from the hunter's hand And like a bird from the hand of the fowler.

Solomon provides a word picture that, while we may never have experienced firsthand, almost all of us have seen this picture unfold, haven’t we? I mean, at some point in our lives all of us have seen this picture play out, either on wild kingdom growing up or on natural geographic today. You know the picture: “Jim, here we see the gazelle grazing in the African tundra. Just look at what a beautiful animal the gazelle is. Oh, now we see the cheetah, as the hunter, begin to stalk his prey”. Have you ever noticed that the humans never warn the gazelle?

We all know what happens next, don’t we? Sure we do- there is going to be a chase; the cheetah is going to chase the gazelle. And one of two things is going to happen: either the cheetah will catch the gazelle and have dinner, or the gazelle is going to escape.

Now here is the question: Are either the cheetah or the gazelle casual about what is happening? Does either the cheetah or the gazelle seem to be lazily going through the motions? No, there is intensity there; I mean that is why we lean to the edge of our seat; that is why we do not change the channel; that is what we watch. There is an adrenaline rush and intensity that occurs.

And it is that same intensity that Solomon wants his son to display as he attacks the debt that he has become enslaved to. As Dave Ramsey so famously states when referring to this passage “we need to attack debt with a gazelle like intensity”. You see getting out of debt is like dieting.

Debt and dieting are really both quite simple. We all know that we gain weight when we eat more calories than we expend. And is the same way we get into debt when we spend more money than we earn. Similarly, we all know that we lose weight when we burn more calories than we eat. And, in the same way, we get out of debt by making more money than we spend. 

The problem isn’t in understanding how to diet or get out if debt; the problem is in our behavior when it comes to dieting or getting out of debt. And to get out of debt, we need to, with gazelle like intensity, make more money than we spend and then take that money to pay off the debt. It is as simple as that.

Whether it is working two or three jobs in order to pay off the debt; whether it is spending significantly less money than in the past; whether it is a combination of the two; to get out of debt requires an intense and a persistent commitment to do so. Because, as we have seen this morning, when it comes to treasure, debt reveals an arrogance that enslaves us.

So, are you in debt? And if you are in debt, what are you doing to get out of debt?  Because debt enslaves us and arrogantly presumes upon tomorrow.

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