Check out this great letter to Crown Financial Ministries from a Texas friend who learned biblical, debt-free living and passed it onto her kids...
"Two years into our marriage (1984), my husband and I read every Larry Burkett book available. We immediately put his principles into action in our financial affairs. We were debt free by the age of 35 (1993), with no help from outside sources.
We have been blessed with great jobs and incomes, but the simple principle of becoming debt free at a relatively young age in order to free up resources for compounding has been the main contributor to our financial success.
We recently met with a financial advisor to see where we stood for retirement. We were rather surprised to learn that we could retire today (at the age of 49), live very comfortably off the income from our investments, and leave the entire principal of our estate to whatever legacy we might choose. However, neither of us have any intention of retiring because we love our jobs!
Knowing that we go to work because of personal choice rather than necessity is a blessing indeed! But the biggest blessing in our lives from being debt free is the ability to have financial resources available to meet needs as they confront us.
We have tried to instill these principles in our children as well. Our daughters both began a Roth IRA when they were 13 using their babysitting incomes. We agreed to match the dollars they contributed in order to introduce them to the idea of a 401(k) plan where their employer might someday match their contributions. At 21 and 15, they are very proud of their investments.
Thank you for all you do in your ministry. We are proof that it works! I continue to listen to your radio program and have felt convicted numerous times to share our story with you."
Susan, Texas
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