Drawing A Line And Taking A Stand On Debt

Photo by TangoPango

Photo by TangoPango

The Line Must Be Drawn Here, This Far, No Farther

There is an incredibly, well-acted scene in the movie Star Trek First Contact, when Sloane (Alfre Woodard) is arguing with Captain Picard (Patrick Stewart) regarding his erratic behavior with the Borg (the feared alien race). She accuses him of acting out of revenge, much like Captain Ahab in the book Moby-Dick. Picard dismisses this revenge concept, explaining to Sloane the history of the Borg and the human race. Humans have had a continual series of retreats with these aliens. They have never really stood up to the Borg advances and taken a stand in battle.

Then, Picard passionately utters one of the best movie captain lines of all times, “The line must be drawn here, this far, no farther.” Picard meant business with the Borg this time around. He was drawing a line and taking a stand. There would be no retreat in this battle. It was “do or die” time in the captain’s mind.

You can check out a short 1:00 version of this scene, here:

Too Many Compromises, Too Many Retreats

Just like the alien Borg in the Star Trek Next Generation series, I believe, in life, we tend to allow people, financial companies, and governments to take over our lives, financially. We have sold our souls to the alien debt monster. We have made way too many compromises and way too many retreats when it comes to being in control of our money.

We have allowed people, circumstances, and credit card companies to sell us on the supposed benefits of using lines of credit to move us faster into the lifestyle we want.

We have allowed politicians and government agencies to convince us that the United States government debt load is not really as bad as it might look. They tell us that it’s all scalable and sustainable. Don’t worry about the numbers. Everything will be okay.

But, what has happened as a result of all these compromises and retreats on debt? American families are carrying an average debt load of over $15,000. This is a modest number, too; it’s probably way more than this when you factor in student loans . The United States government has a national debt load approaching $17 Trillion. There are hushed rumors that America is on the brink of financial collapse. Nothing good has come of debt in our governments, businesses, churches, or homes.

Drawing The Line On Debt

Once an individual, a married couple, a business man, a church leader, or a politician has that “aha moment” regarding the curse of debt, they tend to draw the line on debt.

Proverbs 22:7 tells us, “The rich rule over the poor, and the borrower is slave to the lender.”

With a little planning ahead, I believe most people could avoid the majority of debt problems, especially credit cards, car loans, and student loans. But, everybody gets in a hurry to raise their lifestyle. Gotta have the cool car, best college degree, and fancy house in the best neighborhood. Debt helps you get there faster on the front end, but it has a nasty bite on the back-end.

My advice is to draw a line in the sand on debt as early and as quickly as possible. Get a financial plan together and dig your way out of your debt mess before it’s too late and you’re forced into a bankruptcy or foreclosure.

Questions: Have you ever had that “aha moment” when you finally understood what debt was doing to you and your family? Have you ever drawn the official line on debt and said enough is enough? Are you working your debt snowball? Are you debt free?