Check out Michael Pink’s comments today on the recession of 2008. I can’t tell you how strongly I feel about the notion that it is time to get out of debt. In fact, some recent interviews with people who have tremendous expertise in banking and law have led me to believe that this message isn’t only a passing spiritual fad.
My wife and I became strongly convicted about this several months ago, and I’ve shared the conviction in just a handful of conversations. But each time I do, I’m amazed at the responses I get — others not only feel the same way but are hearing it from a variety of sources.
What’s interesting is that we’re changing our level of expectation. We’re not just talking about paying down some consumer debt that accumulated. We’re talking about eliminating business debt, paying off the one car note we have, and even getting rid of the mortgage. We’ve shifted into “aggressive mode” and we are looking to have all of this done in just a few months — even if that means selling the house rather than paying off the mortgage. That’s how urgent we feel these instructions are, at least for us personally.
Recently, a friend of mine pointed out that in any market transition, fortunes are won and lost. In times of shift, opportunities emerge that simply cannot exist when the status quo predominates. Right now is a time to re-evaluate your business — and even those dormant ideas — and see if there isn’t a unique opportunity to deliver value or otherwise benefit from the changing conditions.
For who is God except the Lord? … He teaches my hands to war, so that my arms can bend a bow of bronze. (Psalms 18:31,34)
We’re pressing in to Him right now to receive ways to do what would’ve seemed impossible a few months ago. How about you?Tags: Consumer Debt, Credit Card Debt, Get out of Debt, Increase, Mortgage, Recession of 2008