Eric Stewart, Student Ministry Director
Series: Dollars and $ense
Week 3 – The Money Pit
PDF file for printing: 05-19-18

  1. Practice our memory verse for this series together as a group.


Luke 16:10-11 – “Whoever can be trusted with very little can also be trusted with much, and whoever is dishonest with very little will also be dishonest with much.  So if you have not been trustworthy in handling worldly wealth, who will trust you with true riches?”


  1. In the 1980s Tom Hanks movie called The Money Pit, the main characters make a major money mistake by buying a house that turned out to be a money pit. If you’re willing, share with the group one of your biggest money mistakes.


  1. There are several possibilities of how you might have experienced debt so far in your life:
    1. Maybe you said goodbye to debt years ago. If that’s you, that’s great!
    2. Maybe you want to avoid debt, but somehow you keep getting back into it.
    3. Or maybe you’ve just come to accept debt as if it were a member of your family.


Which one of those do you identify with most?  Explain.


  1. Read Proverbs 22:7: The rich rule over the poor, and the borrower is slave to the lender.


What do you think of when you read this verse?


  1. Read Deuteronomy 28:12: The LORD will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands. You will lend to many nations but will borrow from none.


God wants his people to avoid being borrowers who pay interest.  Instead, he wants his people to be on the side of receiving interest.  Talk about the difference in how it feels to be a person who pays interest compared to how it feels to be a person who makes interest.


  1. Eric shared a personal debt story from when he was 20 years old. He had been living frugally and staying out of debt, until a “friend” of his roped him into a pyramid scheme.  He was told, “You need to spend money to make money.”  So he started using a credit card, and soon he got addicted to the feeling you get from credit cards – that “you don’t have to wait for anything!”  Soon he got caught up in so much debt that it became like he had chains on his life.  Thankfully, through following Dave Ramsey’s teaching, he and his wife Catie have been able to get rid of nearly all of their debt.


If you have a “get out of debt” story of your own, share that with the group.


  1. What can we learn from the fact that 80% of retired NFL Players go broke after retirement?


  1. Many of us think that if we just made more money, we could keep away from debt. But Eric said, “More money is not the answer.”  Explain what he meant by that.


  1. Talk about each of the following overarching principles that Eric suggested we live by:


  • Know where your money is going


  • Never stop pruning


  • Oppression is the only thing debt has to offer you


  • Watch your giving, saving, spending, and debt


  • Ditching debt is really about learning self-control and discipline


  • Even though the steps out of debt are slow, keep perspective


  • Be scrappy with debt


  • The goal is to honor God with your money



  1. Which of these is most helpful to you and why?


  1. Not only can Jesus free us from the slavery of sin, he can also free us from the slavery of debt. How does knowing Jesus help a person become free from the slavery of debt?


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