According to one report, the average American is three weeks away from bankruptcy and has little or no savings. Yet, in a 2006 report, household wealth in this country had increased from $13 trillion in 1990 to $50 trillion.
I want to give some props to Crown Financial Ministries. Yesterday, I mis-quoted some numbers and want to offer a correction. I mis-stated the amount of debt reduction and income savings. The actual amounts according to Howard Dayton (CFM) households that participate in Crown Financial Ministries' small groups pay off an average of $20,000 in debt and increase savings by $10,000 within three years!
Think what we could do for the Kingdom with these kind of adjustments!
Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts
Monday, April 12, 2010
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