Comments on: The Jubilee & Why We Need One http://www.debtreductionformula.com/blog/the-jubilee-why-we-need-one/ Reduce Expenses + Increase Income + Discipline = Get Out of Debt Fri, 14 Oct 2011 01:06:08 +0000 hourly 1 http://wordpress.org/?v=3.0.1 By: Instantly Debt-Free? | Debt Reduction Formula http://www.debtreductionformula.com/blog/the-jubilee-why-we-need-one/comment-page-1/#comment-51006 Instantly Debt-Free? | Debt Reduction Formula Tue, 31 Mar 2009 15:30:25 +0000 http://www.debtreductionformula.com/blog/?p=536#comment-51006 [...] the Bible, a Jubilee happened every 49 years. Anybody who was an indentured servant was allowed to go free… and [...] [...] the Bible, a Jubilee happened every 49 years. Anybody who was an indentured servant was allowed to go free… and [...]

]]> By: Susan S. http://www.debtreductionformula.com/blog/the-jubilee-why-we-need-one/comment-page-1/#comment-49780 Susan S. Mon, 09 Feb 2009 18:32:30 +0000 http://www.debtreductionformula.com/blog/?p=536#comment-49780 I'm glad that you decided to write about this. I have been thinking about Jubilee lately. Wouldn't it be nice! I thought, though, it was only for the people who were paying as they should, so that idea today that would eliminate those who just wait for the Jubilee. Although I don't think our government would offer a Jubilee, a personal "bailout" would be nice! By the way, on your comment about lowering CC balances, I was thinking about the concept of one well-known financial counselor who says to save "$10 a day". I thought, why not take that $10 a day and instead of just saving it up (and risking spending it!), choose a creditor, and pay $10 on it every day (if you can pay online). It's some work, having to remember to do it each day, but hmmmmm, it was amazing how quickly my balance went down.:-) I’m glad that you decided to write about this. I have been thinking about Jubilee lately. Wouldn’t it be nice! I thought, though, it was only for the people who were paying as they should, so that idea today that would eliminate those who just wait for the Jubilee. Although I don’t think our government would offer a Jubilee, a personal “bailout” would be nice!

By the way, on your comment about lowering CC balances, I was thinking about the concept of one well-known financial counselor who says to save “$10 a day”. I thought, why not take that $10 a day and instead of just saving it up (and risking spending it!), choose a creditor, and pay $10 on it every day (if you can pay online). It’s some work, having to remember to do it each day, but hmmmmm, it was amazing how quickly my balance went down.:-)

]]> By: Learn The Stock Market http://www.debtreductionformula.com/blog/the-jubilee-why-we-need-one/comment-page-1/#comment-49778 Learn The Stock Market Mon, 09 Feb 2009 16:31:52 +0000 http://www.debtreductionformula.com/blog/?p=536#comment-49778 @Ryan - Of course if all of God's law was being followed than there wouldn't have been any need for Christ. Following down this line of thought I don't think a jubilee is at all possible in our society except maybe within very small circles of family / friends. @Ryan – Of course if all of God’s law was being followed than there wouldn’t have been any need for Christ. Following down this line of thought I don’t think a jubilee is at all possible in our society except maybe within very small circles of family / friends.

]]> By: Ryan Healy http://www.debtreductionformula.com/blog/the-jubilee-why-we-need-one/comment-page-1/#comment-49776 Ryan Healy Mon, 09 Feb 2009 16:23:27 +0000 http://www.debtreductionformula.com/blog/?p=536#comment-49776 @Learn the Stock Market - As you point out, the Jubilee is a beautiful thing, but it doesn't work well when you take one part of God's law and try to force-fit it into a Bablyonian financial system. Now, if all of God's laws are observed, including the Jubilee, then that IS a beautiful thing. @Learn the Stock Market – As you point out, the Jubilee is a beautiful thing, but it doesn’t work well when you take one part of God’s law and try to force-fit it into a Bablyonian financial system.

Now, if all of God’s laws are observed, including the Jubilee, then that IS a beautiful thing.

]]> By: Learn The Stock Market http://www.debtreductionformula.com/blog/the-jubilee-why-we-need-one/comment-page-1/#comment-49731 Learn The Stock Market Sun, 08 Feb 2009 23:26:57 +0000 http://www.debtreductionformula.com/blog/?p=536#comment-49731 While the concept is beautiful in it's self regulation of debt, we all know the US standard would not be able to handle it. The banks would stop 30 year mortgages within 30 years of the jubilee, and debt terms would continue to shrink until post - jubilee. Only those who've missed payments would be forgiven as everyone else would be paid off prior to the jubilee. Though this is likely the divine plan. While the concept is beautiful in it’s self regulation of debt, we all know the US standard would not be able to handle it. The banks would stop 30 year mortgages within 30 years of the jubilee, and debt terms would continue to shrink until post – jubilee. Only those who’ve missed payments would be forgiven as everyone else would be paid off prior to the jubilee.

Though this is likely the divine plan.

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