studies on Debt

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...

Mercy goes beyond justice, it does not undercut it. If I forgive you the hundred dollar debt you owe me, that means I must use one hundred dollars of my own money to pay my creditors. I cannot really ...

If you are ever in the mood to feel overwhelmed, discouraged, and downright depressed, hail a cab to the corner of Avenue of the Americas and West 44th Street in New York City. There, you’ll find the ...

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...

Sam and Pam, two friends, both arrived in the United States as immigrants from the country of Quadora. Each one wanted to buy a house, and it so happened they each found one for sale by a certain weal...

One of the most challenging and complex economic realities faced by many of our neighbors who live paycheck to paycheck is finding financial resources to cover immediate and unexpected expenses. To ad...

There are three basic truths about guilt. If you’ll come back to these concepts anytime you begin to feel guilty, you will understand better what is going on emotionally and how you should approach th...

If you think of your identity and heart as an engine, you could say there is a kind of fuel that powers it cleanly and efficiently—and a kind of fuel that is not only polluting but also destroys the e...

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...

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...

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 ...

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 ...

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...

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,...

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’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...

Hell begins with a grumbling mood, always complaining, always blaming others…but you are still distinct from it. You may even criticize it in yourself and wish you could stop it. But there may come a ...

Imagine that I go to a friend and say: “Don, I’m in trouble. I need to borrow $10,000. Would you lend me $10,000?” And Don says, “Sure. He lends me $10,000 and I understand that I now owe him $10,000....

In 2010, an oil rig named “Deepwater Horizon” suffered a catastrophic failure. Due to improper installation of the cement seal, a malfunctioning blowout preventer, and cost-cutting decisions by corpor...

The 19th and 20th century Canadian-American pastor Harry Ironside once told a story of a new Christian who gave his testimony during a church service. Beaming with joy, the man spoke of how God had re...

Millions of golfers know the name of Harvey Penick. His first book, Harvey Penick’s Little Red Book, became a surprising best-seller, selling more than 1 million copies in 1992, quickly earning the ti...

You don’t have to look very far to see awe problems everywhere around you. Adultery is an awe problem. To the degree that you forget God’s glory as the Creator of your body and his place as owner of e...

In America, we consume twice as many material goods as we did fifty years ago. Over the same period, the size of the average American home has nearly tripled, and today that average home contains abou...

When 67-year-old carpenter Russell Herman died in 1994, his will included a staggering set of bequests. Included in his plan for distribution was more than two billion dollars for the City of East St....

In the Anglican liturgy the passing of the peace comes after confession and absolution, on the heels of our reminder that we are forgiven. This too is no coincidence. Our forgiveness and reconciliatio...

In 2010, a report revealed that 52 per cent of people who had lost their jobs to the recession manifested symptoms of anxiety, and 71 per cent reported being depressed. The most affected were those in...

I’ve known a lot of people who have lived painful, tragic lives. When I was young, I assumed these people were abnormal. Their suffering was the exception that proved the rule that a well-lived life i...

I ask people to anonymously write their worries on sticky notes. We post them to a wall and look at them together. Participants are often surprised by the raw honesty of what is shared and the private...

Now assurance goes far to set a child of God free. . . .It enables him to feel that the great business of life is a settled business, the great debt a paid debt, the great disease a healed disease, an...