OUCH!

4-11-2020

Perhaps the big lesson from COVID-19 is about debt

I've been riding my bicycle more lately and noticing so many shuttered stores. Peering at the empty stores as I pedal by them, I think about all the people that work at them, which, in turn, causes me to ponder how many of those businesses and employees have unsurmountable debt.  Thinking about this makes me sad as I pedal along.

How many of us have the recommended six month nest egg of money to get through these tough times?

I've read that 40% of Americans do not have $400 to get through an emergency, and that most American corporations have massive debt.   I'm praying that we all learn from this experience and change our collective spending and borrowing habits.

Dave Ramsey

Debt is not a tool; it is a method to make banks wealthy, not you. The borrower truly is slave to the lender.

Henrik Ibsen, A Doll's House

Home life ceases to be free and beautiful as soon as it is founded on borrowing and debt.

Aesop's Fables

The Grasshopper and the Ants In a field one summer's day a grasshopper was hopping about, chirping and singing to its heart's content. A group of ants walked by, grunting as they struggled to carry plump kernels of corn.
"Where are you going with those heavy things?" asked the grasshopper.
Without stopping, the first ant replied, "To our ant hill. This is the third kernel I've delivered today."
"Why not come and sing with me," teased the grasshopper, "instead of working so hard?"
"We are helping to store food for the winter," said the ant, "and think you should do the same."
"Winter is far away and it is a glorious day to play," sang the grasshopper.
But the ants went on their way and continued their hard work.
The weather soon turned cold. All the food lying in the field was covered with a thic white blanket of snow that even the grasshopper could not dig through. Soon the grasshopper found itself dying of hunger.
He staggered to the ants' hill and saw them handing out corn from the stores they had collected in the summer. He begged them for something to eat.
"What!" cried the ants in surprise, "haven't you stored anything away for the winter? What in the world were you doing all last summer?"
"I didn't have time to store any food," complained the grasshopper; "I was so busy playing music that before I knew it the summer was gone."
The ants shook their heads in disgust, turned their backs on the grasshopper and went on with their work.


Don't forget -- there is a time for work and a time for play!

May the Lord shower you with His mercy and bless your affairs with His guidance.