Steve Diggs presents the No Debt No Sweat! Christian Money Management Seminar at churches and other venues nationwide. Visit Steve on the Web at
www.stevediggs.com or call 615-834-3063. The author of several books, today Steve serves as a minister for the Antioch Church of Christ in Nashville. For 25 years he was President of the Franklin Group, Inc. Steve and Bonnie have four children whom they have home schooled. The family lives in Brentwood, Tennessee.
A complete financial compendium, 19 chapters
• What you can do today to get out of debt and kill the Debt Monster
• A,B,C's of handling your money God's way
• How to save, invest, and retire wisely
• How mutual funds work
• How to stop fighting over money
• What to teach your kids about money
• Learn how home & car buying, college financing and insurance work.
• How to develop a budget that works -- forever!
• Features simple charts, graphs, and easy-to-use forms.
Click here to learn more or to order.
no debt no sweat!
The Sins of the Fathers
The family was typical of so many in the 1950’s and 60’s. Dad handled the money. Nothing much was said except for those occasional outbursts when he would declare, “We’re spending money around here like drunken sailors!” Then it would go pretty much back to normal—overspending, under-saving, and no real communication.
When he died in the 1980’s the kids were grown and gone—some having financial problems of their own as they modeled what they had learned. His wife was left with a mortgage, no insurance, and no real resources. As the years passed, the income from the family business gradually evaporated leaving her dependant on the same kids whom were themselves struggling.
This is a true story. But what makes it sad is that you could probably share several other similar stories of your own. Over the years, as I’ve presented the No Debt No Sweat! Christian Money Management Seminar in hundreds of churches, I’ve learned that Americans today love the present—and tend to ignore the future. But unfortunately today’s instant gratification has a way of becoming tomorrow’s bondage.
Certainly, Jesus taught that we are not to worry and fret about tomorrow:
“For this reason I say to you, do not be anxious for you life, as to what you shall eat, or what you shall drink; nor for your body as to what you shall put on. Is not life more than food, and the body than clothing? Look at the birds of the air, they do not sow, neither do they reap, nor gather into barns, and yet your heavenly Father feeds them. Are you not worth much more than they? And which of you by being anxious can add a single cubit to his life’s span? And why are you anxious about clothing? Observe how the lilies of the field grow; they do not toil nor do they spin, yet I say to you that even Solomon in all his glory did not clothe himself like on of these.” (Matthew 6:25-29, NASV)
Jesus here is telling His followers to keep an eternal perspective. Certainly nothing on this earth should rattle us so much as to take our eyes off the eternal prize. Jesus here is not criticizing those who reap (do business) and gather into barns (save and invest). He is warning that virtue can quickly turn to vice when a healthy interest in one’s professional life morphs into an obsession to constantly gain more and more. Or, when one allows his trust to fall squarely upon the number of zero’s he has in his 401K—instead of the God who gives these things to enjoy (I Timothy 6:17)
But, to use this as our excuse not to make reasonable preparations for the future is to do Jesus’ teachings a disservice. How do we deal with statements by Paul like, “But if anyone does not provide for his own, and especially for those of his own household, he has denied the faith, and is worse than an unbeliever.”
What about Solomon’s admonition, “Go to the ant, O sluggard, observe her ways and be wise... How long will you lie down, O sluggard? When will you arise from your sleep? A little sleep, a little slumber, a little folding of the hands to rest—and your poverty will come like a vagabond. And your need like an armed man.” (Proverbs 6: 6,9-10)
And, let’s not forget the anger Jesus himself showed the Pharisees who were not making proper provision for the own parents. (See Mark 7)
Sometimes the best and brightest among us spiritually fail to grapple with the day-to-day, where-the-rubber-meets-the-road type issues. It’s very possible to get so enthralled with the beautiful bye and bye—that we forget to provide for the nasty now and now.
Part of the legacy a father should leave his family is a reasonable estate plan. No, I’m not suggesting that father’s should leave their children a financial inheritance. In some cases that may happen, and if it does—okay. But my point here is to suggest that thoughtful, loving fathers and husbands should live modest, prudent lifestyles so as not to leave loved ones in a dilemma in the event of an untimely death or illness.
Specifically how is this played out? It means:
Having a will,
- Avoiding unmanaged debt that others might have to deal with,
- Being certain your important papers and documents are in order and easy to find and decipher by grieving family members,
- Providing for your wife so the children won’t have to,
- Teaching children about money and how to use it when they’re young,
- Teaching the entire family that money really doesn’t buy happiness—and trying to do so will only leave a family broke and disillusioned,
- Having life insurance in force if there are others still depending on your income,
- And, even having a funeral plan that will keep family members from wasting money they can’t afford to give Dad the “burial he would want.”
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