12 Days of Giveaways - Spin & Win! Sign up before Dec. 25th to win daily prizes and a $250 Amazon.com Gift Card. Find out details.

Crosswalk.com aims to offer the most compelling biblically-based content to Christians on their walk with Jesus. Crosswalk.com is your online destination for all areas of Christian Living – faith, family, fun, and community. Each category is further divided into areas important to you and your Christian faith including Bible study, daily devotions, marriage, parenting, movie reviews, music, news, and more.

Intersection of Life and Faith

<< Integrity Moments with Rick Boxx

Integrity Moments - November 16, 2016

  • 2016 Nov 16
  • COMMENTS

 

The Sixth Key to Financial Success – Leverage

At 25 years of age I started a car rental agency! In order to fund this new business I borrowed money personally, and also, from a bank. My new business was highly leveraged with an excessive amount of debt.

Before long I discovered that every time the bank demanded something from me, I was expected to fulfill their request – immediately. They had money invested in my business and if I didn’t comply, I was at risk of losing my business!

In short, my excessive debt made my business short-lived.

Proverbs 22:9 says, “The rich rule over the poor, and the borrower is servant to the lender.”

The Sixth Key to Financial Success in my book, “Unconventional Business” is limiting your debt. Too much leverage puts your business at great risk.

 

Learn more about Rick Boxx and Integrity Resource Center


Archives