This is it, folks. The verdict is out. We are in WAY over our heads. According to ehow.com’s Beth Winston, “The Federal Reserve reported in March 2010 that total U.S. household debt, including mortgages and credit cards, was at $13.5 trillion.”
That’s $43,874 for each man, woman, AND child residing in the United States of indebted Americans!
Is there any way out of this?
There is hope! The greatest book of all time happens to contain the best financial wisdom one can find. Yesterday, while listening to a Messianic podcast called Torah Talk, I was encouraged by a story the hosts discussed. It was the story of the widow in debt. Find it in 2 Kings 4:1-7.
The wife of a man from the company of the prophets cried out to Elisha, “Your servant my husband is dead, and you know that he revered the LORD. But now his creditor is coming to take my two boys as his slaves.”
Elisha replied to her, “How can I help you? Tell me, what do you have in your house?”
“Your servant has nothing there at all,” she said, “except a small jar of olive oil.”
Elisha said, “Go around and ask all your neighbors for empty jars. Don’t ask for just a few. Then go inside and shut the door behind you and your sons. Pour oil into all the jars, and as each is filled, put it to one side.”
She left him and shut the door behind her and her sons. They brought the jars to her and she kept pouring. When all the jars were full, she said to her son, “Bring me another one.”
But he replied, “There is not a jar left.” Then the oil stopped flowing.
She went and told the man of God, and he said, “Go, sell the oil and pay your debts. You and your sons can live on what is left.”
Here is what the Lord is saying to all of us Americans in debt:
- Find a man or woman of God who knows finances. The widow had a problem. Instead of hiding her head in the sand hoping for it to go away, she went after someone who could help her.
- Use what you have. You’ve got more assets at your disposal than you think. That nack you have for persuading people is great for sales. That deft way you put cute, little trinkets together could sell a ton on Etsy.com. Computer enthusiast? Plenty of ‘em out there need servicing. Got a way with words? Start a blog and monetize it. Stop whining about what you don’t have and put what you do have to work.
- Get others involved. Go borrow some jars. Other people in your life would be happy to help you become a success if you would give them the chance.
- Pour it ALL out. Let all of your oil out. Give your 110% to whatever plan you have to get out of debt. Give your all at work. Hold nothing back.
If we learn the lessons in this story well, we’ll be on our way to financial freedom. There is hope because God is looking out for the little guy.