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Hope for a Failed Business and a Bankruptcy

Leo’s business startup didn’t have the makings of success. All it brought him was $60,000 of debt and bills that couldn’t be paid. After he and his wife filed for bankruptcy and lost their home, they learned a valuable lesson from The ... ... Read Transcript


Reporter: LEO AND RINA

BEETLE DIDN'T WORRY MUCH

ABOUT FINANCES.

HE MADE A GOOD LIVING AS A

NETWORK SYSTEMS ENGINEER FOR

AN OIL COMPANY.

THEN LEO STARTED HIS OWN

COMPUTER BUSINESS AND THE

TROUBLE STARTED.

WE WENT INTO THIS

BUSINESS, NO CAPITAL.

NO REAL BUSINESS PLAN.

NO REAL COSTUMERS.

Reporter: THE FIRST TWO

YEARS, LEO STRUGGLED TO

BUILD HIS CLIENT BASE.

BY THIS TIME, THE COUPLE HAD

FIVE BOYS.

THEY USED CREDIT CARDS TO

PAY FOR THEIR PERSONAL AND

BUSINESS NEEDS.

SOON THEY WERE $60,00,000

IN DEBT.

WE WERE ALWAYS TRYING TO

BORROW FROM PETER TO PAY

PAUL.

WE WERE PAYING MINIMUM

PAYMENTS, AND IT JUST KEPT

RUNNING A TAB.

Reporter: EVENTUALLY

THE COUPLE FELL BEHIND ON

BILLS AND COULDN'T PAY THEIR

MORTGAGE.

THEY FILED CHAPTER 7

BANKRUPTCY AND LOST THEIR

HOME.

I WENT THROUGH EVERY ROOM

AND I SAT ON THAT PACKED

BOX.

AND I SAID GOOD-BYE.

AND I THANKED GOD FOR THE

TIMES THAT WE HAD HAD

THERE.

Reporter: THE FAMILY

MOVED INTO AN APARTMENT AND

HAD TO USE FOOD STAMPS AND

SHOPç ATç SECOND-HAND STORES

FOR THEIR KIDS.

JOHN, THEIR OLDEST SON,

REMEMBERS WHEN THEY WENT

THROUGH A THRIFT STORE TO

BUY HIM SHOES.

50 CENTS WE PAID FOR THIS

PAIR OF SHOES.

THE SOLE WASN'T EVEN THERE.

Reporter: ONE DAY THE

COUPLE WAS WATCHING "THE 700

CLUB," AND MADE A DONATION.

LATER CBN SENT THEM A

TEACHING ON FINANCES.

THE BEETLES LEARNED HOW TO

LIVE ON A BUDGET AND

CONSISTENTLY TITHED.

GOD SAYS TEST ME, IF I

WON'T OPEN THE WINDOWS OF

HEAVEN.

Reporter: IN A FEW

MONTHS, LEO RECEIVED A

MESSAGE FROM A FRIEND ABOUT

A POSITION THAT PAID

$90,000.

IT IS LIKE THE PRODIGAL

SON RETURNING.

THAT'S WHAT IT FELT LIKE.

Reporter: RINA ALSO GOT

A FULL-TIME JOB WITH A LOCAL

NEWSPAPER.

AND THEN A YEAR LATER, THEY

WERE SELECTED TO PARTICIPATE

IN THE TV REALITY SHOW,

"MEET MR. MOM."

THEY WON $25,000.

THEY KNEW IT WASN'T LUCK.

HE WILL GET MONEY TO YOU,

YOU KNOW, IN THE STRANGEST

WAY SOMETIMES.

Reporter: THEY BUILT UP

THEIR SAVINGS AND STAYED OUT

OF DEBT.

AND THEY ALSO TAUGHT THEIR

SONS THE IMPORTANCE OF

LIVING ON A BUDGET AND

TITHING.

I'VE GIVEN BACK TO THE

HOUSE OF GOD.

Reporter: THE FAMILY

SAYS BEING OBBEET AND

OBEDIENT AND TRUSTING GOD

LEADS TO FINANCIAL

BLESSINGS.

GOD WAS THERE IN

EVERYTHING.

SO WE WERE ABLE TO COME OUT

A SUCCESS.

JUST GIVE.

JUST BE OBEDIENT.

OBEY THE FATHER, AND YOU

WILL REAP WHAT YOU SOW.

EMBED THIS VIDEO


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