CSoM 4: LEVERAGE

Mark Parrett and Steven Manuel describe one of the most important skills anybody can master when it comes to financial acumen: the ability to deal with debt. First of all, what does the Bible say? Is it legal for Bible people to borrow (or lend) with interest? Then: is getting out of all debt ASAP always the best policy? Might there be GOOD debt as well as BAD debt? And what does LEVERAGE really mean? Also: what about that time the fellas went out to Las Vegas to watch some hoops? Abraham's Wallet exists to inspire and equip Biblical family leaders. Please partner with us in inspiring and equipping multi-gen families at https://abrahamswallet.com/donate/ Resources mentioned in this episode: About Abraham's Wallet: AW website: https://abrahamswallet.com/2017/11/27/what-is-abrahams-wallet/ Apple Podcasts: https://podcasts.apple.com/us/podcast/abrahams-wallet/id1462593706 Spotify: https://open.spotify.com/show/6xbcf3IhayaoKB4sTegPRw?si=4M-m7mwUR0GigEkgrf3aJA YouTube full episodes: https://www.youtube.com/@abrahamswallet Twitter: https://twitter.com/abrahamswallet Facebook: https://twitter.com/abrahamswallet Instagram: https://www.instagram.com/abrahamswallet This Week's Episode Rundown: 1:45 basketball in Vegas 9:15 Series summary 10:50 Leverage 12:30 What does the Bible say about debt? 27:15 How do you handle debt wisely? 31:45 How people think wrongly about mortgages 37:15 A simple leverage example (that produces 350K in profit!) 42:45 Thoughts on buying a car 50:15 Sam the Shopper: A Short Story (about bad debt) 52:45 Twitter account recommendations 59:48 Final thought from Steven- don’t give up! Help us equip more biblical bosses!: https://abrahamswallet.com/support AW website | YouTube | Instagram | Facebook | LinkedIn