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Lack of knowledge – Most people have not been trained to handle money God’s way. So, they run into debt. Know that a little water drop can make an ocean; this is the knowledge we are talking about.
Lack of Proper planning and discipline – Many people spend money any how because they have no self-discipline and no written plan or budget to on how they will spend the money, thereby, spending above their income. Don’t spend money and save the rest but spend the rest and save the money.
Indulgence – Some people money in an attempt to satisfy fleshly desires. They do it most of the time to show off.
Circumstances – Sometime people incur debt when they experience unexpected emergencies, such as an illness, loss of job, or loss of loved ones, or person child arrested by the police.
Lace of spiritual investment – Some people do not invest in God’s affair after God has blessed them. Some do not pay their tithes.
Family wahala – This is common in Africa and especially in Nigeria in the attempt to get out of debt.
Conclusion
It is crystal clear from the bible that God discharges the use of debt. God wants us to work in financial abundance. Thereafter, we must follow biblical principles to avoid debts, obey God, invest in God’s business, spend wisely and live in abundance.
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