WEB Notes: Our world is built around debt and people think the only way to acquire things is to go into debt. Nothing could be further from the truth. There is a huge difference in the way children are raised between wealthy families and poor ones. People who are wealthy, who earned it honestly made their money by being wise with it and keeping it in their pockets and not letting it burn a hole through them. Take for example this article. Instead of spending $1,500 for a sofa they could have gone to a garage sale or sites like craigslist and found one for free or next too it. Then rent a steam cleaner and had a paid for couch. Look if you have limited income that means you should be making limited and wise purchasing decisions otherwise you will enrich the bankers instead of enriching yourself. Instead of purchasing a sofa for $0-50 dollars, they paid $4,500, $4,450 more than they could have. Do not be a slave to debt my friends, that is Biblical (Proverbs 22:7).
(Source: David Stockman) – Donald Abbott, 35, looks over a receipt from Buddy’s Home Furnishings while his daughter, Savannah, and wife Jamie, rest on the family loveseat. The Abbott family purchased a sofa set from Buddy’s opting to pay for it in weekly installments of $110. (Photo by Bob Miller/For The Washington Post)
CULLMAN, Ala. — The love seat and sofa that Jamie Abbott can’t quite afford ended up in her double-wide trailer because of the day earlier this year when she and her family walked into a new store called Buddy’s.