Finance (Debt Manangement ( Avoid Unnecessary Borrowing, Avoid…
Avoid Unnecessary Borrowing
Avoid Personally Surety
Avoid Long-term Debt
Give from Love
Increase in Intimacy
Increase in Heaven
Increase on Earth
A return to the giver
Increase in Company's Culture
How Much should we Give?
Tithe from the Business
Tithe from net income after expenses
Limit Your Debt and Tithing from net becomes that much easier!
Do not extend credit just to make a sale.
Credit for Receivables is unavoidable
Do not extend credit to those who would be damaged by it
Limit credit to those who are faithful to repayment
How do we collect righteously?
Goal of collection is Reconciliation and not greed!!
Follow a Three Step Procedure
Reach out to the debtor in private
Then reach out with fellow righteous man to settle debt or perform debt counseling
reach out to the Church to use a Christian Arbitrator to settle the debt
If he refuses all steps, then go the route of debt collection or court