This Article BLEW MY MIND - #FreeMenHere2021

Read an article that just blew my mind and I wanted to share it with you today.

But before we get into that I wanted to share a Bible verse with you which you know we need to

internalize this verse we need to live by it.

The Bible says that that we live by the Word of God and God gave us this word so it's

important and we need to really understand what it means.

And I want to read it's Proverbs 22 7 this is from the King James Version

says this the rich ruleth over the poor and the borrower is

servant to the lender.

That word servant is actually slave.

So the rich rules over the poor and the borrower is slave to the

lender.

Yeah that's a that's a verse that we all kind of know and I want to make sure that I incorporate

what this verse is teaching in every area of my life.

Now what I don't think this verse is teaching is that every example of taking out a loan is a sin.

Like if you take out a loan to buy a house or you take out a loan in your business you know you want to

acquire a piece of equipment or a capital or some working capital line of credit something like that for your

business.

I don't think that means you're automatically in sin.

I think a lot of consumer debt is is fundamentally sinful.

However I don't think that every kind of debt that's imaginable is necessarily sinful.

But this does tell a truth a true thing about every kind of debt

right.

Doesn't matter if it's consumer debt or business debt or a mortgage or whatever.

There's a sense in that that borrowing that you're doing there makes you a slave

in a certain sense and that's something that we need to recognize.

So if you're in debt no matter what kind of debt you're in there's a sense that you're actually a servant you're actually a

slave to the person who lent you that money.

Now we need to we need to take this into the world here because there's lots of different kinds of debt that people get

into.

And I would suggest that if you have consumer debt right now you know credit cards car loans

things of that nature I would suggest getting out of student debt.

I would suggest getting out of student debt as well.

However I might wait on that one just to see if that could get forgiven by the government.

I don't agree with debt forgiveness by the government.

However if it does get forgiven you're gonna want to take advantage of that.

I have.

No there's nothing about taking advantage of a program like that.

That's sinful.

Definitely do it.

If the government's gonna give you some of your cash back or some of your money back or if they're gonna recognize that they kind of cheated you out of some money

because of this ridiculous student loan program that they've instituted.

Which which listen guys I'm not for student loan debt forgiveness.

However I do recognize that the student loan racket was a scam the whole thing was a

scam it total scam.

No question about it.

I have a lot of sympathy for people that took out student loans to get worthless degrees.

You know what I mean anyway but anyway that that's what this episode is about.

This episode is about an article that I read on CNBC and when I

so I was googling some things about paying off a home mortgage early you know

strategies the right kind of way to do it how to how to go about it stuff like that and I

just what I was really looking forward just stories right look different stories of different people's experiences paying off their home mortgage

early because that's something that I'm looking into potentially doing and

man this is the very first article that I saw and it blew my mind

and it's interesting because I googled it and this is the very first article that comes up on Google and so you know

they want you to see this.

I ducked up go to it.

And this is not the first article that I saw it would in fact that now I'm ducked up go this article with the search terms that I used

didn't come up right away and so it's interesting.

I think that this is something that the powers that be which whoever they are whoever you think they are they want you to see

this article and it's very very interesting especially when you keep in mind the verse that we started out this

video in the borrower is slave to the lender and the rich

rules over the poor.

I'm gonna read this article here.

This is so interesting.

It's titled millionaire who bought a home at 26 regrets paying off his mortgage early.

This is the biggest downside that nobody tells you.

I'm gonna read.

Let me just read this is this article blew my mind.

In 2003 I purchased a 1 ,000 square foot two -bedroom two bathroom condo in San

Francisco for five hundred and eighty thousand dollars with a fixed rate mortgage of 4 .25 percent.

First of all let's just stop there for a second look at those numbers.

Man a 1 ,000 square foot condo two bedrooms two baths over half a million dollars

in San Francisco.

That is something right there.

That is something cheap cheap mortgage to 4 .25 percent.

Pretty cheap money.

All right he says.

Over the next few years I became obsessed with trying to pay off my mortgage early in

2015 my wife and I finally did it eliminating one of our largest reoccurring expenses felt so

satisfying with one less burden we could live life more freely.

So here's what he says.

He's he's he's recognizing the fact that that he was able and this guy was obviously rich.

In the first place he bought a five hundred and eighty thousand dollar house and was able to pay it off in 12

years.

Just about it looks like.

And he recognizes that doing that allowed him to live life more freely.

Well that would actually fit in really nicely with the proverb we just read borrow a servant to the lender.

He get out got out of his debt and he felt like he could live life more freely.

He could do a lot more stuff.

He didn't have this recurring payment which I don't even know what kind of a what that payment looks like.

Two three thousand dollars maybe I don't know.

So he had this recurring payment that that that it was off his back at this point.

So he recognizes that he could live life more freely.

Here's how the article continues.

But just a year later that feeling went away along with the fire to improve my finances.

There are several studies citing the psychological benefits of paying off a debt early such as emotional

relief and the strength to avoid slipping back into debt.

All of that is true.

But the biggest downside that nobody talks about is the complete loss of motivation

to take on calculated risks and to work as hard as you can to grow your wealth.

When I read that when I read that sentence I was thinking to myself this

is interesting.

So the servant gets out of servitude.

He gets out of his debt slavery right.

In 12 years.

He's able to get it in less than half the time that it should have taken.

He's able to get out of that relationship where he's a servant anymore.

And then he recognizes that this is I'm now free.

There's my income is freed up.

I'm no longer the servant I once was.

And very quickly after that he almost loses his identity a little bit.

He almost he says he loses his fire to grow his wealth.

Is his his his his calculate his ability to take on count in motivation is

what he says.

He loses his motivation.

It's almost like he the servant doesn't know what to do anymore when he's totally free like he's.

He's just like he's kind of lost.

What do I do like it's.

It's very interesting.

This is a psychological thing here.

Let's just continue to read for a second to see what why he thinks.

This is a downside he says after being mortgage -free my wife and I lived

comfortably off the severance checks that we negotiated when we quit our six -figure jobs in finance.

By that time we had amassed a net worth of three million dollars.

So he has no mortgage has a net worth of three million dollars.

They quit their six figure you know a year jobs.

He also gets a hundred and fifty.

This is this.

He has a hundred and fifty thousand dollars in annual passive income mostly from real estate dividend stocks and bonds.

So this is this is a rich rich man net worth of three million dollars.

Quit his six -figure a year job has a hundred and fifty thousand dollars in annual passive income.

So dividend stocks bonds real estate.

This guy's doing everything right.

But listen to what he says.

My entire attitude slowly changed.

Once I sent that final mortgage check I stopped aggressively looking for new freelance consulting work.

I went from taking three contracts per month to just one.

So instead of working 60 hours I was only working 20 hours at around 10 ,000 per contract.

I was losing out on $20 ,000 of our monthly income.

This this is.

I just find this fascinating like tell me tell me in the comment section if you agree

like it's almost like like that that that servitude that the Bible talks about the the borrower is

slave to the lender.

It's it's part of your identity that that slavery that you're in that we can't mince words.

The Bible calls that as a form of slavery.

So that slavery that you're in becomes part of who you are.

And when you don't have that you lose your motivation.

It's like when you don't have your master anymore you're like confused you don't know what to do.

This is a rich man who enjoyed the servitude of a mortgage.

It's very interesting because that slavery mindset has nothing to do with your net worth.

It has nothing to do with with your with your income.

Then there were rich slaves back in Jesus's times as well.

That freedom though is something that is scary to a lot of people.

And and I got to be honest like this article it it kind of made me angry because

this is a millionaire right.

This is a net worth of three million dollars a hundred and fifty thousand dollars a year in passive income which means he's not

working for that.

And he makes ten thousand a month on contracts and he can take two he could take three or take one.

And he's lamenting that he doesn't have the motivation to take three even though he doesn't need it.

And he's lamenting sort of that lack of motivation.

So so it's like that's not how it works for the majority of people though right.

The majority of people aren't millionaires right.

So what is this article trying to get you to do.

I'm assuming a lot of non millionaires are reading this article right.

It's trying to get you to stay in that that place of servant hood that place of submission that place of

of slavery.

It's trying to get you to to almost hate freedom.

The idea of freedom like you're gonna be lost and confused your mental state isn't gonna be quite right.

When you lose your master it's gonna be that's just what a bizarre article.

And and so we need to we need to kind of come to terms with this right.

Like if you've lived a debt a life of debt and essentially you've lived a life of slavery

that's what.

That's what that's what the Bible is telling you right.

So if you've been in debt your entire adult life like most of us most of us have been in debt our entire adult

lives right starts with college debt.

That's the thing that's the thing I hate about college debt right.

Because they get you right at the beginning right.

So you start off in debt and they teach you in high school if that's the right thing to do to

start off in debt and then you stay in debt.

And most people stay in debt their entire life.

People are paying mortgages into their 60s right.

And so it's like you're in debt your whole lives.

You've lived a life of slavery.

I think that there is a temptation to like make that serve servitude and that slavery

even if it's a comfortable slavery a part of your identity.

Like like the idea of being totally free that this guy talks about at first it was attractive and then he

realizes that he doesn't actually like it.

He'd prefer to stay in slavery.

There's a big downside he says in this kind of freedom we need to come to terms with that.

It's gonna be weird to not have this kind of servitude when you get out of it right.

So like I would argue that that that we probably shouldn't be

in eternal debt eternal slavery right.

Like we should never submit ourselves to to to a lifetime of this kind of servitude like

don't don't start your kids off in debt.

Like that's a probably a really bad idea.

Don't get them used to the idea because I think that freedom despite it being maybe a little bit more

challenging for some people is preferable.

I think the Bible makes that case right.

I don't know I just I'm not even really sure what this video is about.

But this article blew my mind that it's almost like like slavery becomes a part of your identity

because you've never lived in non -slavery most of us haven't.

And so we need to understand what what does that do to our psyche what does that do to our soul our spirit to

desire slavery more than freedom.

And I have to wonder I'm not a psychologist or anything like that.

But I have to wonder if this mentality doesn't just play itself out in finances but if it also also

plays itself out in politics and also your your social situations and things like that.

But this article blew my mind man I just thought I'd share it with you because it's just don't don't don't

take that don't do what this guy did this is this is this guy's trying to get you to stay asleep like him.

Don't do it don't do it.

Because it's probably not gonna work out the way it did for this guy.

I don't know my sorry guys this is kind of a haphazard video.

But I just I read this article and just it just blew my mind.

Anyway I hope you found this video interesting I don't know how helpful it was.

God bless.