Keeping Good Credit Believe it or not, the bible actually talks about keeping good credit. God is clear on making payments and restitutions if you owe someone money. “Do no withhold good from those who deserve it, when it is in your power to act. Do not say to your neighbor, ‘Come back later; I’ll give it tomorrow’ when you now have it with you.” — Proverbs 3:27-28
To not pay your debt is a terrible testimony and witness to the lost world.
“The wicked borrow and do not repay, but the righteous give generously.” — Psalm 37:21
Using a well-designed, high-grade, dividend-paying whole life insurance with living benefits is a very important financial strategy. The Privatized Family Banking financial strategy will allow you to accumulate uninterrupted compound interest as compared to any other financial vehicle with minimum risk. Most families do not have a clue as to how much life insurance is needed to provide the means to keep the remainder of the family is their financial world after the loss of a breadwinner. There are uninformed people advocating the use of term insurance as a replacement for their whole life, but they do not realize that the average person who purchases whole life insurance is after their term policies expire. The waste thousands of dollars through the purchase of term insurance when the facts are that a very small percentage of them become claims. The greatest term policies expire as soon as the term of the insurance runs out. There are no shortcuts to creating wealth and using a dividend-paying whole-life policy should be the foundation of a solid financial plan. Be sure to study the story of Sam and Dave on page 135.
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