How to avoid Debts?

Our forefathers taught us how to live a life of discipline and how to control our passionate spirit. The modern technology is teaching us how to satisfy our passion instantly. We don't have to know about it. We don't have to touch it. We just have to see and as long as it is pleasing in the websites we just click it and it will be delivered to our home. Yes, we live in the world of Instant gratification for everything.

Our modern world gave us an option for all of us to buy even when we don't have money. Our lending organization taught us the concept of buy it now and pay it later. We use the best credit cards to gratify the passion of the heart. Yes, there will be points, miles and credit rating associated with it. The discipline our forefathers taught to us went flying out of our window. We yielded to the concepts of the modern world in order to associate our self to it.

Most of the emails we get from people who are in tough conditions are from those who are in deep debt. Our heart goes with them in prayer.

Here are a few ways you can avoid debt.

How much is it really worth?

A few years ago I was talking to a Chief Technology Officer of worlds best selling television. He had mentioned the shelf life of a Premium TV model his company makes is less than a year or possibly max two years. The TV model can be sold at a premium price only for a few months. Then its worth rapidly falls almost to manufacturing cost after the initial period. Most of the gadgets can be bought at much less price if people are only willing to wait for a few months. The marketing team of these gadgets also know that. They try to sell the maximum pieces by giving maximum publicity during the initial period to make the best profit out of it. But at times we stand in the queue to get it the first day.

What is important? Value or Brand.

Are you a value buyer or a brand buyer. The branded items cost money irrespective of quality. The value is decided based on the usage of a product. Most of the mobile phones are good enough to talk and text. Hence it fits the value. But the branded products can give additional pleasure and at times unique image. But is the pleasure and identity worth the price?

Give it to God What is His:

Bible Says, "So give back to Caesar what is Caesar's, and to God what is God's". There is a great blessing in giving not only money but our time and talents to God. Bible recommends us to give a minimum of 10% of our income for God and his ministry. The same bible advice everyone to give what is due to our Government. The taxes due to the Government has to be paid in full without hiding anything. God will bless our truthfulness. Whatever happens in our life it's very important we be on God's good books.

Saving vs Earning

The ratio of saving and earning should be at a minimum of 10%. Some of the countries in the world provide good retirement benefits. They take care of citizens. But some other nation the individual has to earn and save it for their retirement. Hence each one needs to save some money for old age benefits. We might need more tablets and our visits to the hospital might increase when we grow old. Hence saving particularly targetted towards old is important. It has to be thought through even when we are young.

Invest what you save :

As inflation fluctuates through time, it is important to invest (not only save) what we earn. If you are young you can focus on high-risk investments such as equity. As you get older, it would be good to shift it towards low and moderate risk investment portfolio.

The Best place to Store treasure is not earth:

What we store on earth remains in the earth. The money we earned and the property we bought will remain on earth after we die. Hence every one of us needs to save something for our eternal life. It's more important to store our treasures for eternal life than for our retirement life. Someone said like this, "The only way to wire transfer our money to heaven is to give it back to God portion of what he has given it to us". How do we save something for eternal life? But sharing our happiness with others. Give it to someone who does not have. Make them smile. Give it to God what is his. Give, Give and Give for those who do not have. God will never allow you to enter into debt.

Dear Friends, Jesus came to earth to make you free. Free from your mistakes, from false habits, wrong thoughts, and financial troubles. Can you surrender your life to him and live your life by following him. He will bless your earning. Even if it's small he will multiply it. Your family will eat and satisfy with your earning. Everyone will be happy and you will be a blessing for others. Bible Says, "you will lend to many nations but will borrow from none."

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