The Best Debt Everyone Should Have and Never Pay Off

by Jason on March 29, 2010

There is a lot of talk about good debt versus bad debt.

Generally, the folks who say there is good debt are the ones who think any debt tied to an appreciating asset is a good debt because your net worth is increasing.

They also say that any debt tied to a depreciating asset, like a car, is a bad debt.

Then you have the “anti-debt at all costs folks” who say that no debt is a good debt because you are in bondage and slavery to your debt.

I’m not going to add to the good debt, bad debt debate.

What I’m going to suggest is there is one kind of debt that is the best debt to have and one that you should never pay off.  It should always remain outstanding.

I know you’re thinking I must be smokin’ something, but let me explain:

The Best Debt According to the Bible

Let’s look at what Scripture has to say about this debt that you should never seek rid yourself from:

Let no debt remain outstanding, except the continuing debt to love one another, for he who loves his fellowman has fulfilled the law.  Romans 13:8 (NIV).

Ok, I know you anti-debt folks are going to jump up and down because it says, “let NO debt remain outstanding”, but I don’t want you to focus on that.

The Apostle Paul says in this passage that we should leave the debt to love one another.

Have you ever thought of loving your neighbor as a debt?  It doesn’t sound too appealing at first does it.  In fact, it’s almost a turn off, but think about it:

How many of you are paying off your debt with gazelle like intensity (to quote Dave Ramsey) so that you can be free?

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Now, what if you used that same intensity to love your neighbor, love your coworkers, love your friends, love your family and those in need?

Could you imagine the impact you’d have on this world if you selflessly served others rather than pursued everything for your own sake?  Could you imagine the difference you’d make in your own life – how much happier you’d be !

Love is a Continuing Debt

The Apostle Paul makes a great point about love, that it is to continue.  You should never pay off this debt.  In fact, you should seek to get yourself in more and more of it every chance you have.

For many of us (myself included) we think that if we’ve done something nice for someone or served our spouse we can check it off our list, move on and feel pretty good about ourselves.

But that’s not how we should view it.  We should view love as an opportunity to demonstrate Christ’s love without seeking our own selfish desires or doing it from our own selfish motives.

Easier said than done – believe me, I know.

But the point is we should continue serving, continue loving, continue seeking out opportunities to be a help to other people!

The Debt That Defines You

Does your money define you?  Does your debt define you?  Some of us are so consumed with being debt-free that we are defined by our quest for freedom.

But, the continuing debt of love is one that should define us.  Here’s the reason Jesus gives:

By this all people will know that you are my disciples, if you have love for one another. John 13:35 (ESV) emphasis added.

Jesus tells us that people will know we are Christians by our love.  So Christian, let me ask you – how are you doing with getting deeper in debt and demonstrating your discipleship through love?

What Are Your Thoughts?

Readers, what are some practical ways that you’ve shown love for others with the use of your money?

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