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Overcoming a $100,000 Debt

Rick and Jane Tandoc had more debt than they thought could ever be paid off. When finances looked grim for retirement, they made a surprising decision. See what they did to overcome financial fear. Read Transcript


Reporter: RICK TANDOC

CAME TO THE UNITED STATES

FROM THE PHILIPPINES WITH

ONLY $100 IN HIS POCKET.

OVER THE YEARS, HE WORKED

HARD TO PROVIDE FOR HIS

WIFE, JANE, AND THEIR THREE

CHILDREN.

AND ALWAYS HELD VERY TITLELY

TITLE -- TIGHTLY TO THE

MONEY HE HEARD.

I WAS TRYING TO SAVE VERY

HARD.

Reporter: THE TANDOC'S

LIVED MODESTLY.

THEY TOOK OUT LOANS FOR

MAJOR PURCHASES LIKE THEIR

HOMES AND CARS.

AS THEY APPROACHED

RETIREMENT, RICK WORRIED

ABOUT HE AND JANE WOULD PAY

THEIR DEBTS ON A FIXED

INCOME.

THEIR DEBTS HAD GROWN TO

MORE THAN $100,000.

THEN FOR THE FIRST TYPE,

JANE LEARNED ABOUT TITHING

AT CHURCH.

I LEARNED WHAT YOU KEEP,

YOU LOSE.

BUT WHAT YOU GIVE, YOU

GAIN.

I SAID TO MYSELF, I THINK

THIS IS THE WAY OUT.

GIVING.

BECAUSE THAT'S WHAT GOD

SAID.

Reporter: RICK DIDN'T

SEE IT THAT WAY.

I SAID TO THE LORD, LOOK,

YOU HAVE TO CONVICT THAT

WOMAN, LORD BECAUSE I THINK

SHE IS WASTING OUR MONEY.

SO, I MEAN, YOU KNOW HOW

MUCH I EARN, LORD.

SO I CAN'T AFFORD TO GIVE

THIS.

Reporter: BUT AFTER

PRAYING ABOUT IT, RICK

DECIDED TO TRUST GOD AND

GIVE TITHING A TRY.

THE TANDUCTS SLOWLY WORKED

THEIR WAY TO GIVING UP TO

10% OF THEIR INCOME.

AFTER WE STARTED TITHING,

MONEY STARTED COMING IN.

INSURANCE MONEY FROM WAY

BEFORE, TELLING US OH, WE

JUST FOUND OUT THAT YOU

OVERPAID.

SO HERE IS YOUR REFUND.

GOD NOT ONLY GAVE ME BACK

THE FINANCES, BUT HE GAVE ME

WISDOM.

WISDOM HELPED TO USE THE

MONEY.

WISDOM HELPED TO STRETCH THE

MONEY.

WISDOM HELPED TO INVEST THE

MONEY.

BEFORE WE WERE GIVING,

THE MONEY THAT WE TRIED TO

SAVE, IT NEVER GREW.

IT NEVER GREW.

BUT AFTER THAT, I'M TELLING

YOU IT'S JUST MULTIPLYING.

Reporter: THE TANDUCTS

BECAME "700 CLUB" PARTNERS

AND INCREASED THEIR PLEDGE

SEVERAL TIMES.

WE ARE LIKE FERTILE

GROUND.

WE ARE REALLY DOING THE WORK

OF GOD.

100%.

SO MY HEART IS DRAWN TO

THAT.

Reporter: SOON RICK WAS

PROMOTED TO A WELL-PAYING

JOB AS A POSTMASTER.

GOD BLESSED ME WITH THAT

WONDERFUL JOB.

IT IS BECAUSE GOD SAID, IF

YOU HONOR ME FIRST,

EVERYTHING WILL BE BLESSED.

I WILL BLESS ALL THE REST.

Reporter: THE TANDUCTS

WERE ABLE TO SEND THEIR

THREE CHILDREN TO COLLEGE

AND PAY FOR BOTH THEIR

DAUGHTERS' WEDDINGS ALL IN

CASH.

AFTER RICK RETIRED, HE AND

JANE WORKED DILIGENTLY TO

PAY OFF ALL OF THEIR DEBT.

EVERY TIME I LOOK AT MY

BANK ACCOUNT NOW, I

CHUCKLE.

I CHUCKLE AT THE FACT IT IS

GOING AND GOING AND GOING

BECAUSE WE FAITHFULLY GAVE

GOD THE 10%.

I WOULD LIKE TO ENCOURAGE

EVERYBODY, BE GIVERS.

THE MORE YOU GIVE, THE

MORE YOU WILL RECEIVE.

TRUST GOD THAT HE WILL DO

WHAT HE SAID.

BECAUSE IN MY LIFE, HE DID IT.

EMBED THIS VIDEO

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