Church Debt and Your Congregation: Stepping into an Inspiring Future
Something changed in the American psyche after 2008. Not unlike what happened to the generation who survived The Great Depression. In the wake of 2008’s housing market crash, many people understandably became debt averse. Helpful leaders in the financial sector coined catchy phrases and practices to guide people out of and away from debt. Dave Ramsey says, “Debt is dumb, cash is king, and the paid-off home mortgage has taken the place of the BMW as the status symbol of choice.” To help exert self-control, some people even put their credit cards in the freezer. Symbolically, they “freeze” their excess [...]
