Mortgage-Overspending Paradox Essay

“An obsession with possessions enslaves us to the demon of worry. Jesus invites us to change our priorities, focus on the kingdom, and share with the needy” (Kraybill, 2011, p.101). A man’s wealth will be measured by the love, kindness and empathy he has for the poor and the hungry in Gods kingdom. For this matter Jesus wants the wealthy to humble themselves and receive their blessing by offering opportunities to the poor instead of being greedy and celebrating their own wealth.

Money— sweeter than honey but oh so destructive. It facilitates a man’s life, while a lack of it imprisons him in the streets of penury. It raises his social status, while an absence of it leaves him unnoticed. It gives him an aura of superiority and importance among others, while a deficiency of it makes him worthless in society’s eyes. Considering these two roads, most do not take more than a second to decide to chase riches.

In today’s modern world, I can say without hesitation that we live in a disposable society where throwing away items isn’t a tough commitment, rather we spend money aimlessly on extravagant items only to add to our wishlists after the last purchase was made. As individuals use their credit card to make purchases locally and abroad, many appear to overlook the fact that daily periodic interest charges are added to their credit card balances. Consequently, John Verdant brings the subject of purchasing into play as he describes the regular routine of the Able family. According to Verdant’s statement, “When they decide on a purchase, the Ables pay the local merchants in cash unless they choose to a credit card to get a warranty extension or to buy something locally. Paying by cash or check saves the merchant the 1.5% to 4% percentage fee they pay to the credit card company on the purchase plus the per transaction fee they have to pay to the bank.” (Verdant, pg. 153). Although card transactions can be made in the blink of an eye, the biggest disadvantage of this method of payment is the amount of debt held by the

The cruelty of debt becomes real when debtors see how it compounds each month feeding off finance charges and borrowers have very little to show for it. Interest rates make up for most monthly minimum payments. Balances are left with little to no change and the cycle of debt continues to flow through the budget. In the meantime, households struggle with monthly payment demands keeping their reliance for credit cards and safe online payday loan lenders in the forefront.

“Run for your life from any man who tells you that money is evil” (383). The sharp distinction

The author perpetuates his Christian viewpoint that it is not Godly to strive towards riches, or to obtain an abundance of material possessions on earth, but more important to seek the rewards in Heaven (Lines 27-28). Additionally, the Bible teaches, “Keep your lives free from the love of money and be content with what you have” (Hebrews 13:5 NIV). His perception is that every man should be being Christ-like by heading Jesus’ warning, “You, my

Evaluation: This article, posted on April 1, 2016, was originally published on TheConversation.com. Throughout the article, the author cites sources that come from 2012-2017, with the majority of them coming from 2015-2016. Moreover, these cited websites are credible, well-known, and have information that can be corroborated with other sources. Some of these sites included The Wall Street Journal, the New York Times, and a report from the Federal Reserve. Moving on, the author, Mechele Dickerson, is an expert on this topic. Dickerson received both her B.A. and J.D. from Harvard University and currently works as a professor of law at the University of Texas at Austin. Here, she teaches classes on consumer law, debt and spending to law and undergraduate students. In her current research, she explores causes and consequences of consumer debt and how the culture

Similarly, early Christianity has the same general view of usury, “In thee have they taken gifts to shed blood; thou hast taken usury and increase, and thou hast greedily gained of thy neighbours by extortion, and hast forgotten me, saith the Lord God.” (Exekiel 22:12). However, Islam tends to be stricter about preserving authenticity of teachings of Allah or Prophet Muhammad because the teachings were meant to be implemented

But their efforts have been cast in the pattern of an outworn tradition. Faced by failure of credit, they have proposed only the lending of more money. Stripped of the lure of profit by which to induce our people to follow their false leadership, they have resorted to exhortations, pleading tearfully for restored confidence. They only know the rules of a generation of self-seekers. They have no vision, and when there is no vision the people perish....Yes, the money changers have fled from their high seats in the temple of our civilization. We may now restore that temple to the ancient truths. The measure of that restoration lies in the extent to which we apply social values more noble than mere monetary profit......and there must be an end to a conduct in banking and in business which too often has given to a sacred trust the likeness of callous and selfish wrongdoing. Small wonder that confidence languishes, for it thrives only on honesty, on honor, on the sacredness of obligations, on faithful protection, on unselfish performance; without them it cannot

For many Christians, there is a dichotomy in the scriptures that give instructions that are appropriate for one to leave an inheritance and the Parable of the Rich Fool. On the one hand, Proverbs states that “A good man leaves an inheritance to his children’s children (13:22, Amplified Bible). On the other hand, the man who decided to hoard his wealth so much so that he needed to build additional quarters, was admonished and died ( Luke 12;19, Berean Study Bible). For some, this is a biblical contradiction, for others, acquiring for the purpose of sustaining one‘s existence at the point of retirement and having the ability bequeath one’s fortune is different than simply stockpiling for self-satisfaction. Therefore, believers, if possible, should plan for life after working years.

Money brings the inequality of possessions, also called “the haves and the have not’s.” We may all be equal in the eyes of God, but here on earth some eyes grow green with envy. Children come home from daycare complaining that Little Jimmy’s truck was bigger than his, husbands and fathers are forever eying the Jones; new corvette, and entire wars have erupted over the “you have it and I’m gonna get it” mentality. Inequality of possessions is not bad though many passages in the Bible teach that even in heaven there are different degrees of rewards. Even God’s spiritual gifts are not given equally to each of us, but this does not mean He loves one person more than the other. It is what we do with

Both these ways of giving relate to our belief that everything that we have belongs to God. So, we should make sure that we spend from whatever we have in his way and to glorify

Islam is more than a religion, it’s a culture, and as such has an effect on political, social, and economic aspects of life—this is especially true outside of the Western world. Followers of Islam believe in full submission to God and this submission is practiced in the secular realm (Taha, 114). Of the five pillars of Islam, one (the zakat) has a direct affect on economic policy and ethics. The culture of Islam has shaped economic and business guidelines In the Islamic World and continues to do so. Cultural ideals attributed to the Qur’an or the Prophet Muhammad, have been a vital source for economic and business practices that have helped to shape the history of many Islamic nations, and are guiding the creation of policies

Money is a precious thing and it can become challenging to not spend it immediately after getting it. It is crucial that this does not happen. There is no denying that money is an important part of society. The world revolves around money and without it, one? would not be able to function. In everyday life the average household will spend one hundred and sixty dollars daily. It is safe to say that money is an resource used daily. It is a tool that can be used to connect with other people or buy anything a person could want or need. Yet it is easy to spend money without realizing how much is really being spent. With only a few simple tips it will become much easier to save money instead of spending it on frivolous things. One’s hard-earned dollar should be saved, and simple tips such as using cash instead of cards, saving small change and only purchasing what one really needs are a few of many ways of doing this. The power of money can easily be abused and it is very important to make sure that a person is well informed on ways to save and spend money wisely.

Furthermore, for the Muslims, there is a need to carry out their transactions in accordance with the rules and principles of Islam because the vector of commodities which a non-Muslim consumer may be able to choose from is quite different from that of a Muslim consumer, even if all elements of goods and services were available (Metwally, 1997). This is because Islam prohibits Muslim in certain commodities or indulging in some activities such as consuming alcohol, pork, and gamble. In the Holy Quran was