Slavery Is Very Popular Today
When you borrow money, the fruit of your labor builds the lender's
wealth, rather than your own. Our culture used to consider this a
curse. Now we've simply changed the vocabulary and grown comfortable
with our chains.
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"So now today we
are slaves here in the land of plenty that You gave to our
ancestors!
We are slaves among all this abundance!"
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Nehemiah 9:36 |
At Balladeer, we always encourage taking aggressive steps for freedom.
If incurring short term debt is warranted, we recommend doing so
with your eyes wide open. 'Call a spade a spade'.
Seven Year Mortgage
Prior to World War II, banks did not offer mortgages with a term
longer than seven years. Why? Consider this: $100,000 borrowed at
8% for 30 years costs $264,155. On thirty-year plans, borrowers
pay nearly three times what they borrow. Imagine what the yield
could be if that $164,000 were invested!
Be Your Own Bank!
Live Below Your Means. Take a longer view. One generation, willing
to work hard and save can build lasting wealth. Imagine being free
to give help, time and resources to your family and community. Imagine
providing homes for your grandkids with interest free loans. When
you're not in debt, you have freedom.
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