The Bible says borrower is slave to the lender, which should be enough to make you want to stay away from it. Who wants to be a slave? But is debt ever okay? Find out when it might be reasonable to take on debt and the things to keep in mind should you do so.

What About Debt? Is It Ever a Good Thing?

There are vastly different opinions about the value of debt. Is it O.K. if you can further yourself by going into debt, like for a house or education? Or is all debt bad, all the time? That’s a great question and one that Wendi tries to tackle. Check out this episode and see if maybe the answer is different than you expected.

Things that will be discussed:

• The bondage of borrowing (01:05)
• The risk of debt (05:39)
• The lost opportunities of debt (06:05)
• What debt to income ratio is (06:57)
• Other options than debt (09:59)
• The bottom line (11:39)

Resources:

• What is a reasonable amount of debt?
• Acceptable Debt to Income Ratio
• Is Debt Ever a Good Thing?
• Can Debt Ever be a Good Thing?
• Can Debt Ever Be Good For You?