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Business Debt | The Cell Phone Trap

This blog post is based on a revelation I recently received. One that goes beyond the simple “stay away from credit” mentality that Christian business should have (a topic we will go deeper into as a whole later on). For now we must iron this out, Christian business MUST stay AWAY from debt. All of it. Any kind.

Two verses we will look at are found in Proverbs 22:7 and Matthew 6:24.

Proverbs 22:7

“The rich ruleth over the poor, and the borrower is servant to the lender.”

Matthew 6:24

“No man can serve two masters: for either he will hate the one, and love the other; or else he will hold to the one, and despise the other. Ye cannot serve God and mammon.”

The Word of God is clear, you cannot serve both God and money. The devil was not even brought into the conversation! How do you serve money? Proverbs 22:7 says the borrower is servant to the lender. So when you borrow you become a servant to someone and something else, which means you can no longer serve God because the borrower has become your master, and you cannot have two masters. When you borrow you remove God as the head of your life and replace it with the one you have borrowed from (the new master).

Now we can all, probably, agree that having credit and debt as a business (and personally) is not a good thing. It limits your investments, and limits your ability to sow into people and ministries. We can see that taking loans, and lines of credit is something to stay away from but it is easy to get caught up in a borrower situation without realizing it.

Cell phones.

Cell phones have changed a lot about business and have become, for many, a way of actually running their businesses. What some may not realize is that they are potentially running their business on debt.

You walk into a cell phone provider, find the phone you must have, and realize you can’t afford to buy the $700-$1000 phone outright, so you sign a two year contract to pay for it. Understand, the contract is not for the phone service, it is for the phone. When you cancel a contract, in Canada at least, you are only paying for the remaining balance of the phone – this puts you in debt to the cell phone provider! In addition to that, when you in-debt yourself to the cell phone provider they tell you what phone plan you can and cannot have, they have established a minimum amount your bill is able to be. A minimum payment (sound familiar?).

It is easy to get caught in this, but it is also easy to break out.

You can buy any phone you want unlocked and take it to any carrier. So if you want an iPhone, buy it from Apple. If you want a Samsung, or HTC, or Nexus, or LG then you can buy right from them as well! And maybe $700 phones aren’t for you, BLU makes some great ones, as well as One+. Not only can you afford a great and well made phone, but you can take the unlocked phone to a cell phone provider and get a cheaper month-to-month plan. You save on every front and you are not indebted to anyone, or anything!

Assessing where your business is at is always important – assess everything. Know where your money is going. Know who you owe. Know who owes you. Pay upfront. Use cash, or debit. Stay out of debt – it is possible!


Written by: Drew Oliphant  | Owner of Revived Group |  Assistant Pastor at Higher Life Christian Centre

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