A young man asked Jesus what he should do to have eternal life. Jesus said: “If thou wilt be perfect, go and sell that thou hast, and give to the poor, and thou shalt have treasure in heaven: and come and follow me.”
I love that verse.
I feel like this powerful scripture could be reworded a bit for our millennial generation (which I belong to) who might wonder what they can do to have an abundant life. Consider this: if you want abundance, go and sell what you have, and pay off all your debts, and live like you’re poor, because you are. Then, when you have saved up your money, go and buy those expensive things which are needful: transportation, education, and shelter. Until then, bootstrap your life with a mindset of intense thrift.
I know. That’s crazy, right?
Avoid debt? Abandon credit as the basis for your financial future? INSANE!
But there is a HUGE gap in our economy. There is what we can afford to buy and then there is what we actually buy on credit. That gap is also known as hell, or suffering, or anguish, and every millennial ought to know by now that our economy is built upon the backs of borrower-slaves who got suckered in to the debt-based economy.
Shouldn’t we take steps to reverse this? I think we should. Let’s do the unthinkable against all odds and against all “professional” advice: don’t buy it unless you’ve got the money for it. Wow! That’s a brilliant idea. But it isn’t really “unthinkable” until you add that this idea includes transportation, education, and shelter. Most people consider these three purchases to be debt-worthy. But I want to be a part of the generation that restores to our nation the principle of paying for a car, for college, and for a house in cash. Wouldn’t that be something?!
America is living a financial lie. We’re living someone else’s dream. Wake up and go against the grain of consumerism. Not because it’s cool, or it’s progressive, or it’s politically expedient. Do it because it’s right, it’s conservative, and it’s American.
This financial philosophy is something I failed at for a long time, but events in my own family have brought these principles back to the forefront of my mind in a powerful way.
Just about everyone I know, including myself, has bought a car, college, or a house on credit. I’m not trying to make you feel bad for doing so. Instead, I’m trying to suggest that there has to be a better way.
Remember: the new (and old) “real” American shuns debt like the plague. If you haven’t been a real American in a while, come back. America needs all the help it can get.