stories on Debt

Whenever you’re running your life on those fuels, Satan’s got you where he wants you. The one thing he does not want is that God’s words “You are my beloved child” become the fuel of your life and hea...

The late comedian Sam Levenson enjoyed sharing funny anecdotes about his childhood, especially his early school days. One of his favorite stories was about his first day of school, when his overly pro...

There was a man in New York City. Walked into a bank and asked for a loan. A loan officer came out and introduced himself. He said, how much you want? He goes, I want $5,000. I’m going to Europe on bu...

Suppose I sell you a piece of commercial property on which I am already behind in my mortgage payments. You not only pay me a fair price for the property but also pay my overdue payments. Now the prop...

Mortgage is a French word. It’s a combination of two Old French words, mort meaning “death” and gage meaning “pledge.” Yep, signing a mortgage means you are signing a death pledge. It was named this a...

Consider the following summary of an interview conducted by Abhijit Banerjee and Esther Duflo, two of the world’s leading researchers on poverty: In a village in Indonesia we met Ibu Emptat, the wif...

While most of us probably avoid borrowing money, there are cases in which people actually enjoy borrowing from other people. For instance, the Austrian poet Peter Altenberg loved to borrow money from ...

There’s a story told in Soviet Russia during the reign of Joseph Stalin. An elderly woman was praying in a Russian Orthodox Church. Walking to the front of the church, she came to a cross of Jesus and...

I recently attended an event sponsored by Compassion International, the International Child Sponsorship Organization. The event was called “Stepping into My Shoes”. The purpose being to show children ...

Caesar Augustus, the first Roman emperor, had quite the sharp wit. After hearing about a Roman nobleman who had passed away with enormous debts (which were kept private throughout his lifetime), he se...

During a large part of my childhood my father was in school, so we never really went on a traditional “vacation” until late in my elementary school years. I distinctly remember one of our first trips,...