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<< Integrity Moments with Rick Boxx

Integrity Moments - June 11, 2014

  • 2014 Jun 11
  • COMMENTS

 

 

Presuming on the Future
By: Rick Boxx
June 11, 2014

A business owner named Bill signed for a large loan on a real estate project, because he thought he had a sure thing lined up as a fall back plan. Bill had contracted with an investor to buy any of Bill’s unsold real estate after 18 months at a heavily discounted price.

When the economy turned “sour” Bill decided to exercise his agreement with the investor, only to learn that the investor had committed suicide. This investor’s wealth was fraudulent and nonexistent. Bill was financially devastated!

Proverbs 22:7 teaches, “The rich rule over the poor, and the borrower is slave to the lender.”

Bill was wise to try to limit his risk, but anytime you borrow money you are still presuming on the future. There is no sure thing.

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