The Debt Snowball!

Broke pt 1 Til Debt Do Us Part

Liquid Church 9.18.11 Pastor Tim Lucas

Debt

Total Owed $450 $650 $1600 $1800 $7000 $9000

Minimum Payment $50 $30 $200 $30 $400 $200

New Payment 50 + 200 = ________ 30 + 250 = ________ 200 + 280 = _______ 30 + 480 = ________ 400 + 510 = _______ 200 + 910 = _______

Best Buy (18%) Target Parents Visa Car School (18%) (0%) (18%) (10%) (6%)

If the US Government was a family, they would be making $______,000 a year, spending $_____,000 a year, with $______,000 in credit card debt. The average American owes $__________________ in credit card debt. More Americans will declare B__________________ next year than graduate from C________________.

1 Timothy 6:9-10 People who want to get rich fall into temptation and a T________ and into many foolish and harmful desires that plunge men into ruin and destruction. For the L__________ of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many G___________. 1) Debt is a T_______________.
Proverbs 22:7 (NRSV) The borrower is S__________ of the lender.

Debt Snowball payoff = _______ months (instead of 10 years) Additional $1110 invested at 12% for 99 months = $_____________________

2) Debt is a SP___________________ issue.

1 Timothy 6:6 Godliness with CO______________________ is great gain.

Since beginning FPU 2 years ago, Liquid congregants have retired $900,000 in debt Thats freedom! Will you be debt-free in 2012? Sign-up at LiquidChurch.com today!

3) The way IN is the way O__________.