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Revive Our Hearts

Getting out of Debt

Revive Our Hearts

Nancy DeMoss Wolgemuth

Christianity, Religion & Spirituality

4.92K Ratings

🗓️ 29 July 2009

⏱️ 25 minutes

🧾️ Download transcript

Summary

A few years ago, Jan Thompson warned that Americans were spending too much and getting too far into debt.

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Transcript

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0:00.0

Last fall, when the housing bubble burst and the country plunged into recession,

0:07.0

Jan Thompson wasn't surprised. Here she is back in 2006 when she anticipated the trouble.

0:14.0

With Americans spending 10% more than they have coming in, it doesn't take long to figure out how that is going to compound

0:21.4

and eventually bankrupt people. I think there's a serious wave of some very challenging days coming

0:27.9

with the creative financing that's been done with real estate, for example. When I see certain types of

0:34.0

mortgages that my clients have taken on, one of the first areas we do is rework that

0:40.5

because I know that they are headed for a ticking time bomb.

0:45.4

This is Revive Our Hearts with Nancy Lee DeMoss for Wednesday, July 29th.

0:54.6

Revive Our Hearts is primarily a Bible teaching program, but in the month of July, we focused on a

1:01.5

series of helpful, practical interviews. They've showed us how to incorporate biblical

1:06.6

principles into relationships with spouses, children, and others in the body of Christ.

1:13.4

Our final interview for the month will address a struggle that is on the minds of many people.

1:19.5

Jan Thompson saw the financial crisis coming when she talked with Nancy in front of an audience in the summer of 2006.

1:27.2

The steps she suggests in escaping the money

1:29.8

maze are definitely still relevant today. In recent years, I've had so many friends that I've

1:35.8

watched walk through major financial stress that just seems to suck the life out of their lives,

1:42.8

out of their marriage, out of their walk with the Lord.

1:45.4

I've seen people struggling with depression, with anxiety, with conflict in marriage.

1:51.3

These are good friends, and I watched them going through this.

1:53.7

And I finally said to myself, we have to address this issue and revive our hearts.

1:57.6

There are so many women and couples struggling with financial pressures

2:03.2

and all that results from that in their lives and marriages. And I began to seek the Lord about

...

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