It should be noted that the statement “have more interest to deduct” is referring to not just any interest, but interest that can be written off on your tax form to lower your income. This is typically mortgage interest. Interest you pay on credit cards or a car loan is not deductible. Bottom line, avoiding debt is the best course of action.
Alright already; I failed at most of this as I have confessed before to all of you. And like the Psalmist prayed in Psalm 51 I have prayed. God has been good; He has been healing the broken bones (Psalm 51:13).
So, my words affirm the command in Romans 13; AVOID DEBT. HAVE A PLAN!
Rom 13:8 Owe nothing to anyone except to love one another; NASU
Taxes, taxes, taxes, enough to drive you insane. It is tough to see your hard earned money siphoned off before it is handed to you, but keep your head about it. Some tax money actually goes to what it is supposed to go to. Much of it does not, and that is why you have to help govern by getting involved politically to a degree.
The Scriptures say, “Render therefore to all their due, tax to whom tax is due… But not all deserve honor, not all deserve fear, not all deserve customs, and taxes; give to those that are deserving and not to those that are not deserving. Some lie, cheat, and steal and we don’t want to indiscriminately overlook that. As you can see, I have a lot to say about this so, I’ll stop now.
But, when it comes to finances, the following advice is pretty good even though some of it is counter intuitive. He says it is good to “earn less money.” I hope you understand what he means by that. If not, be sure to ask me so I can clear that up.
This week’s reading on goals reminds me of the need to know the meaning of faith. Without faith, nothing good can be accomplished. Faith is often the starting point. It may lead to prayer. It may lead to accumulating more information. It may lead to putting the first step forward.
Heb 11:1 Now faith is the assurance of things hoped for, the conviction of things not seen.