Proverbs 22:7 – ‘The rich rule over the poor, and the borrower is servant to the lender.’

Surely it is a wonderful position to be in where you can lend to others. It means you have more than enough. However, being in a position where you need to borrow can work the other way. In fact God’s word says that the borrower is servant to the lender.

The Borrower is Servant to the Lender

The Borrower is Servant to the Lender

Consider a home or car loan as an example. You are provided with funds that you need to purchase something you wouldn’t otherwise be able to buy. Wonderful!  You get your brand new car or house to live in, but you have repayments that you must make on a regular basis. You are suddenly tied in to the person who loaned you money. This relationship can last as long as thirty years! And you’re subject to changes in interest rates as the economy changes around you. You are a servant to the lender, even if they didn’t mean for that to occur.

More so, the lender is earning interest on what you borrowed in the first place. So they are making a profit from having loaned to you. I remember first doing sums back in 2009 when I bought my first house. I was buying a 3 bedroom home on a reasonable sized block. It was an old commission home in a less desirable part of town – this made it affordable to me. This was never my dream home purchase, it was a stepping stone – getting into real estate so that I could in time purchase land for my dream home.

The figures I put into the calculator showed me that the amount I had borrowed to purchase the home would be paid back 3 times over by the time the mortgage was paid off in full after a thirty year term. This meant that the banks made 200% on what they loaned to me. 200%! Wow.

Servant to the Lender

Those who have money to give are often in a position to earn more. Those who need to borrow find themselves consistently owing and maybe even struggling to get ahead. As a wealthy Christian, when you invest, do so wisely. Don’t borrow for things you can save up and buy outright! Don’t borrow money for items that will decrease in value! And if you’re blessed to be in a position to loan to others in need, don’t do it at a profit to yourself. Give without expecting a return. Don’t be the lender that someone is servant to.

Wealth tip – unsure where your money goes? Make a money diary for a month or two listing every cent spent. Cut out unnecessary spending!

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