Have you ever heard the phrase, "that dollar is burning a hole in his pocket"? It used to be a person couldn't wait to spend money that he was about to receive. Then, it was money he "would have." Now, a person can't wait to spend someone else's money, which he has no intention of paying back.
So it is with the level of standard of living that most of us demand. I can remember in my parents' generation, they would have to work their entire lives to buy a house, a used car, and maybe a television. Today, I counsel a generation that typically has a $350,000 house, one car, one van, motorcycles (his and hers), a television in each room, and one Jet Ski - all before the age of 27. You think I'm exaggerating? Do your research; what you're going to find is that most young people, married or not, are in debt up to their ears, while tirelessly working to keep the bank from taking their toys.
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Steve Phinney
IOM Ministry Host
Contact Dr. Phinney: Here
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