passthepopcorn
Active Member
- Joined
- Feb 22, 2020
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Do you mind me asking why "out of debt?"
Like one view with climate (or other) disasters inbound, would be to have as much debt as possible
Living within my means/Being out of debt is one area where my passion/deeper knowledge was first gained actually from sources other than the LDS Church (mainly from Dave Ramsey). But it is taught in the church— although I would say actually pretty infrequently. Here is an excerpt of counsel from 2004 regarding debt from the LDS church:
“Look to the condition of your finances. Discipline yourself in your purchases, avoiding debt to the extent you can. In most cases, you can avoid debt by managing your resources wisely. If you do incur debt, such as a reasonable amount in order to purchase a modest home or complete your education, work to repay it as quickly as possible and free yourself from bondage. When you have paid your debts and accumulated some savings, you will be prepared for financial storms that may come your way. You will have shelter for your family and peace in your heart” (True to the Faith, 2004, 48–49).
I am a huge proponent of being debt free as it provides peace — financially and in all aspects of my life.