Breaking free of the debt trap is the first step to achieving financial freedom God’s way. Proverbs 22:7 says, “The rich rule over the poor and the borrower is slave to the lender.” Debt always makes you a prisoner of your past.
The most common financial traps include credit cards, auto loans, mortgage loans, and student loans. Co-signing for someone else’s loan is another way to fall into a foolish financial trap that plunges you into ruin and destruction (1 Timothy 6:9-10).
Today is your day to break free of the debt trap! To hear the chains of your financial slavery fall to the ground, you must exercise a disciplined financial plan. It’s as easy as rolling a snowball in winter.