PERSONAL LIFE MANAGEMENT Obtaining FREEDOM from FINANCIAL Bondage

“If you abide in my word, you are my disciples indeed. And you shall know the truth, and the truth shall make you free... Therefore if the son makes you free, you shall be free indeed.” – Jn. 8:31-32, 36, NKJV

I. SOME KEY WORDS RELATED TO FINANCIAL BONDAGE
     A. Bondage
     B. Slavery
     C. Subjection
     D. Debt
     E. Interest
     F. Borrowing
     G. Credit buying
II. GOD’S DESIRE IN THE AREA OF FINANCIAL BONDAGE
     A. God wants his people free
     B. Jesus’ sets captives free
    C. God desires you walk in freedom
III. FRUITS OF FINANCIAL BONDAGE
     A. Bitterness and sorrow
     B. Despair
     C. Essential family needs unmet
     D. Always playing catch up, never having control
     E. Passing on a negative inheritance
     F. Inability to hear the message of deliverance
IV. ROOT CAUSES OF FINANCIAL BONDAGE
     A. Inability to trust God
     B. Covetousness
     C. Greed
     D. Lack of self-discipline
     E. Over-indulgence
     F. Lack of knowledge
V. BIBLICAL POINT OF VIEW AGAINST BORROWING
     A. It makes you a slave
     B. It presumes on a future that no one knows
     C. It removes your finance as a major avenue of God’s guidance
     D. It encourages lack of faith
     E. It keeps you from a necessary dependence on the body of Christ
VI. WAYS TO GET FREE AND STAY FREE FROM DEBT & FINANCIAL BONDAGE
 A.Getting out of debt:
    1.Confess your fault and forsake old ways
    2.Determine not to incur any new debt
    3.Be willing to make sacrifices
    4.Be willing to adjust your standard of living
    5.Consider the sale of certain non-essential items
    6.Stay clear from things that tempt you
    7.Set up a realistic plan to service your debt
    8.Ask God to help you
B. Staying out of debt:
    1.Establish a pay-as-you-go system
    2.Pray about your major purchases
    3. Do research and seek counsel
    4.Seek to excel in your work
    5. Develop a strict budget for handling regular finances
    6. Cultivate a spirit of contentment
    7. Establish a monthly savings policy
    8. Become a tither and a giver
Conclusion: Financial solvency plays a major role in achieving your destiny. Following the principles of Jesus is the only guaranteed way to break away from financial bondage into financial freedom. But it all starts with a relationship with Jesus!