From Today's Reading | Daily Insight On The Catholic Bible, Business, and Life

He Wiped Out The Record of Your Debt

Written by Wes Schaeffer | July 24, 2022

From today’s reading...

He has wiped out the record of our debt to the Law, which stood against us; he has destroyed it by nailing it to the cross;” Colossians 2:14

Leading up to the 2008 real estate collapse, housing prices here in Southern California went to the moon, so some friends of mine, who were in debt, sold their home and used the profits to pay off their debt, but they were bad with money, and now, 15+ years later, they’re right back where they started.

Today’s reading, and my friend’s story, remind me of Benjamin Franklin’s reply to a Constitutional Convention observer that we have a republic…if we can keep it.

Can you keep your salvation? To do so, you must stay out of debt.

Having the record of your debt wiped away does not mean you’re free to go on a buying spree because all debts must be paid. Jesus paid your debts once to show you how and why you must...

Stay the course.
Keep the faith.
Endure.

Now go sell something.