The rich rules over the poor, and the borrower is the slave of the lender. Proverbs 22:7
Don’t finance your wants with debt! Too many of us treat debt as a way to finance our wants and desires. That’s plain foolish! Because of our inability and unwillingness to say no to “stuff,” we convince ourselves that we have to have whatever that “it” is, and therefore place our families and ourselves in a position of enormous financial stress. Before you borrow money, sit down and make sure you have the financial margin to manage that debt as part of your monthly cash flow. If you don’t, pray and trust God for provision. Give Him the chance to act on your behalf, instead of immediately reaching for man-made solutions!
Desperation leads to borrowing sometimes, don’t be too desperate or else you become a borrower, learn to take in some pains of Wants (economic term of need) then you see how it frees you than being in the net of the lender… It’s a pity some people borrow just to look good and show off but they are often embarrassed and push aside… This should not be. Learn to cut your coat according to your size than be a Borrower…
Really there are some circumstances that lead one to borrow but it should be a very important reason and a cogent one like that.
– Liz Ebony Angel