My favorite mantra delivered by Dave Ramsey is the one that he uses to end his radio show:
The only way to true financial peace is to walk daily with the Prince of Peace.
Our lives should be focused on primarily serving our Lord, our comfort and our King. Today’s morning prayer from the Liturgy of the Hours speaks of the peace the Lord provides:
Alone with none but thee, my God,
I journey on my way.
What need I fear, when thou art near,
O King of night and day?
More safe am I within thy hand,
Than if a host did round me stand.
My destined time is fixed by thee,
And death doth know his hour.
Did warriors strong around me throng,
They could not stay his power;
No walls of stone can man defend
When thou thy messenger dost send.
My life I yield to thy decree,
And bow to thy control
In peaceful calm, for from thine arm
No power can wrest my soul.
Could earthly omens e’er appal
A man that heeds the heavenly call!
The child of God can fear no ill,
His chosen dread no foe;
We leave our fate with thee, and wait
Thy bidding when to go.
‘Tis not from chance our comfort springs,
Thou art our trust, O King of kings.
As we seek to improve our financial lives, let us always remember to first find peace in the Prince of Peace!
I periodically post finance-related verses from the Bible and the Catechism of the Catholic Church.
As I finished up mid-morning prayer from the Liturgy of the Hours yesterday, I came across scripture that relates directly to personal finance. From Romans 13:8-10 (or you can visit the Universalis web site for the full mid-morning prayer: http://www.universalis.com/20120924/terce.htm):
Avoid getting into debt, except the debt of mutual love. If you love your fellow men you have carried out your obligations. Love is the one thing that cannot hurt your neighbour; that is why it is the answer to every one of the commandments.
After spending seven and a half years paying off student loans and finally becoming debt free last year, I felt a weight lifted off my shoulders. For the five years I was in college plus the seven and a half years after, I had become accustomed to sending a check to Sallie Mae once a month. Also, during that time period, on numerous occasions I calculated how many years and months remained until I was payment-free and could cash flow that money elsewhere. While I incurred the debt in school, I didn’t realize that I was also adding stress to my life.
Needless to say, I agree with Romans 13:8-10 :) My experience with student loans taught me that debt involves more than making somebody else rich with all your interest payments. Debt also adds stress to your life and this stress is an intangible aspect of debt that one must account for when making financial decisions.