Challenge, Encouragement, Issues of the Day, Leadership, Marriage, Men, Parents, Training, Women

Erasing Your Debt

If you would have been a member of the Morehouse College graduating class of 2019, you would have graduated debt free. All 396 students had their college loans paid in full. How?

 

The commencement speaker that year was Robert Smith, a private equity executive worth $4.47 billion. During his speech, he shared that he was donating enough money ($40 million dollars) to eliminate every graduating student’s personal debt. Everyone was stunned to say the least.

 

In his speech he asked the class to pay it forward. I don’t know what that will look like, but I do know what it feels like to receive notice from the bank or mortgage company that my debt is paid in full.

 

Unfortunately, too many of us know more about indebtedness rather than a debt marked “Paid.” We deserve that new car or house upgrade, or for others, it was unexpected medical debt or some other emergency.

 

However, if we are faithful to make our monthly payments, even adding to the principle, we will realize our goal. And when we are faithful in our tithing and giving first, we will see God multiply our income so that we can eliminate debt even faster. I do not know how that works, but I can tell you in following those principles for 50 years of my life, they are proven.

 

Whoever loves money never has money enough; whoever loves wealth is never satisfied with his income.  (Eccl. 5:10)

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