The Bible has more than 2,000 verses about money and many of them are concerned with debt. The Old Testament in particular has a lot to say on the subject. But what does Jesus have to say... about debt? We take a look at debt across the whole of the Bible. Rob West sits down with our favorite economist— yes we have a favorite economist— and he’s Jerry Bowyer.
Rob discusses debt in the Bible with Jerry on these points:
- You trace the origin of debt back to The Fall. How is that?
- And from Gen. 3:13, Old Testament scripture is filled with instructions about debt— especially about charging interest. Can you tell us about that?
- So why is it okay to charge interest today?
- There are lots of detailed instructions about forgiving debt at specified times. What are some examples?
- Can you tell us about how the Old Testament gave detailed instructions on the remission of debt but the Prophet Isaiah also spoke of a coming Jubilee?
- Let’s turn to Jesus now and what He says about debt and this is more from a spiritual point of view, perhaps?
- Of course Jesus says the most memorable words about debt in all of the Bible.
- What is the one message we should take away from Jesus’s words about debt?
Next, Rob and Steve answer these questions at 800-525-7000 or via email at Questions@MoneyWiseLive.org:
- If you view using "qualified charitable contributions" from an IRA as "gaming" the system are you correct or does it fit as biblical conduct?
- If you're a single parent whose husband passed away last year and you have money to put aside for your son's college, should you follow advice to get a single deferred annuity?
- Why shouldn't you draw Social Security at 62?
- If your deceased mother's mortgage lender has offered the estate the option of paying her mortgage off or defaulting, what should you do?
- If you're retired and have been told by your financial manager that you should convert your 403(b) to an IRA, should you do it?
- If you and your husband want to prioritize saving up for your 2 boy's college, pay off your husband's student loan, should you consider refinancing your recent mortgage to include these things?
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