Discover how Lynn Spencer and his wife overcame $330,000 in debt through faith and a revolutionary financial program. Learn how you and your church can achieve financial freedom in as little as 5-7 years.
Introduction and Background
Thank you all so very much for being here today. We appreciate your time and are excited to share a life-changing message with pastors, church leaders, and members of the church family. My name is Lynn Spencer. I’m a father, grandfather, follower of Jesus Christ, Christian author, co-founder of Freedom Ministry, business owner, and financial strategist. Today, I want to talk to you about becoming 100% debt-free, including mortgages, in as little as 5 to 7 years. Would you like to know how? I hope you said yes!
My Debt-Free Journey Begins
A few years ago, my wife and I were drowning in $330,000 of debt. We had a mortgage, car loans, credit cards, and personal loans. To make matters worse, our income disappeared when my company went out of business, and my wife was not working. We were desperate and turned to the Lord for help. God answered our prayers by leading us to a specific company that had invested millions to develop a program designed to help families, churches, and businesses become debt-free in 5 to 7 years, saving a tremendous amount of money along the way.
The Power of Faith and Obedience
We stepped out in faith, got on the program, and started sharing it with others. Our income increased, and combined with the program’s financial guidance, we became debt-free, including our mortgage, in just 18 months. This journey taught us the importance of faith, obedience, and sharing our blessings with others. We learned that God will always bless us if we put our faith into action and help others.
Financial Literacy from a Biblical Standpoint
Financial literacy is crucial, and it’s something we’re not typically taught in school or church. The Bible has a lot to say about money and debt. Proverbs 22:7 says, ‘The rich rule over the poor, and the borrower is slave to the lender.’ This is so true. When we’re in debt, we’re working for the lender. Proverbs 13:22 says, ‘A good person leaves an inheritance for their children’s children.’ Sadly, 85% of Americans die in debt, leaving nothing but debt to their descendants. Romans 13:8 says, ‘Don’t owe anything to anyone except your outstanding debt to continually love one another.’
The Parable of the Talents
In Matthew 25:14-30, Jesus speaks about a master who gives his servants money to manage. The first two servants doubled their money and were praised. The third servant buried his money and was rebuked. This parable teaches us the importance of being good stewards of what God gives us. We must manage our finances wisely and increase what we have.
Understanding Debt and Financial Pressure
Families across America are struggling financially. With inflation, housing costs, and interest rates, people are stressed and can’t think straight. Our team has helped almost 100,000 families pay off over $2.4 billion in debt. Thousands of families are now completely debt-free, and we continue to help more every day.
Financial Literacy from a Banking Standpoint
Banks teach us to put our money into checking and savings accounts with low interest rates while charging us high interest on loans. This doesn’t make sense. Our biggest expense is often interest, not the mortgage. By understanding the true cost of debt, we can make smarter financial decisions.
Mortgage Insights and Realizations
Mortgages are a significant source of debt. A $300,000 mortgage at 4% APR can result in paying $215,000 in interest over 30 years. This is 41% interest, not 4%. Understanding how loans are structured and the true cost of debt is crucial.
Strategies for Paying Off Debt
There are 720 possible strategies to pay off debt, but only one is the fastest and most cost-effective. Our program identifies this strategy and helps you implement it. It’s not about the APR; it’s about the total cost of debt.
Advanced Financial Strategies
Would you borrow $5,000 at 14% APR to pay down a mortgage at 4% APR? Most people wouldn’t, but this strategy can save you thousands in interest. Our program uses advanced financial strategies to help you become debt-free faster.
Financial GPS and Technology
Our program is like a financial GPS. It provides real-time guidance and course corrections to help you become debt-free as quickly as possible. It’s simple to use and adjusts to your unique financial situation.
Case Study: John and Rebecca
John and Rebecca had $386,900 in debt, including a $325,000 mortgage. The banks wanted them to pay $241,900 in interest, totaling $628,000. Our program helped them become debt-free in 9.1 years, saving them $171,000 in interest. By helping one family per week, they could be debt-free in 5 years and save $200,000.
Impact of Debt on Families and Churches
Debt is a significant burden on families and churches. The average American family pays 34.5% of their lifetime income in interest. By becoming debt-free, we can invest more in ministries and missions.
Final Thoughts and Call to Action
We want to help you and your church become debt-free. This program is a gift from God, and it’s our responsibility to share it with others. Get back with the person who invited you and take the next step towards financial freedom.
Personal Testimony and Experience
Steve Bishop, a financial professional, shares his testimony of how the program helped him and his clients. He emphasizes the importance of stewardship and how becoming debt-free can bless your ministry and church.
Conclusion
Friends, it’s time to wake up and get serious about getting out of debt. The thief comes to steal, kill, and destroy, but Jesus came to give us life in abundance. Let’s help our churches and communities become debt-free and invest in God’s kingdom. Get back with the person who invited you and start your journey to financial freedom today.