Friday, December 9, 2011

The Effect of Personal Debt on Zion

Many people don't stop and consider the service side of debt - that every dollar I pay in interest is a dollar I can't give to someone in need. Thus, every dollar of personal debt inhibits my ability to help establish Zion fully. 

That alone is worth being debt-free, imo - although I certainly understand the need for some debt for a house, an education and, perhaps, a car. 

1 comment:

Anonymous said...

Incisive,Papa.I also think that debt default-on a personal rather than a national level-is a dereliction of our responsibility to one another.We can choose to do what we like,but we need to be prepared to face the consequences.

I'm beginning to have lived long enough to believe that nobody wins unless everybody wins.