As you probably know, the US stock market had its largest single day drop in history yesterday. Many politicians at the federal level are trying their best to dump $700 billion of bad debt onto the US taxpayers. And all across the news headlines lately are stories of declining economies and financial uncertainty.

However, for us family dads, it does not have to be a season of financial despair and discouragement.

Earlier this year, my wife and I were sitting in a large church gathering when the pastor took a quick “diversion” from his sermon to make a very heart-felt and urgent plea. He said “Do whatever you have to do to get completely out of debt as soon as possible.” And then he returned to his sermon topic. My wife and I both looked at each other and felt very clearly his instruction was directed specifically to us.

Fellow dad, I want to strongly encourage you with these same words.

Debt is when we buy things we don’t currently have the money on hand to purchase. It is the result of either a failure on our part to delay a purchase until provision exists. Or it is simply used in complete ignorance of the spiritual power behind debt.

When we use debt to buy something, we are willingly placing ourselves in bondage to both the financial lender as well as in the spiritual realm. I believe it is a form of idolatry. We are replacing God by presumptuously satisfying our desires or needs through borrowing money to pay for something, instead of awaiting His provision in His timing.

Author Craig Hill says that “there is a spirit behind personal debt, which will hinder the flow of finances in one’s life.” The weight of paying back money you don’t have, along with the pile of interest that builds up, creates a form a slavery –  and YOU and your family become the slaves. This is NOT what we want for ourselves nor for our family.

So again, let me pass on to you the words that so strongly resonated within me when I heard them…

“Do whatever you have to do to get completely out of debt as soon as possible.”

A helpful resource on the topic of the spiritual power behind money is Living On The Third River by Craig Hill. Two very practical resources on debt, provision, and spiritual laws relating to money are Your Financial Revolution 5-CD Audio Set and the book Fixing The Money Thing by Gary Keesee. All of these resources and more are available in the “Money” section at www.DadResources.com