401k Rules For Loans
Jehovah’s Witnesses: What do you make of the admonition in 1st Timothy 5:8?
It says:
“Certainly if anyone does not provide for those who are his own, and especially for those who are members of his household, he has disowned the faith and is worse than a person without faith.”
According to the Pew Report, Jehovah’s Witnesses have next to the lowest average income of any organized religion. There are two reasons for this:
First, the Watchtower society prohibited and now discourages Witnesses from attending university.
Second, in order to get eternal life, you are expected to spend twenty or more hours distributing Watchtower literature.
Ideally, a man in his middle-age would have no debt except for a modest home mortgage. Second, he would have a substantial retirement savings in a 401k or something similar.
If you are a middle-aged Jehovah’s Witnesses with substantial consumer debt (e.g., credit cards or car loan), do you believe you are in violation of Biblical rules?
Greetings,
I am a Witness who is past middle age (ouch). I have been self-employed working part time my whole life except for about 6 years working for a large electronic company. While we live a life that is very simple even in comparison to most Witnesses, I have ALWAYS been able to take care of my family and work as a full time minister. Witnesses who obey the admonition in 1Tim. 5:8 and 6:6-8 avoid getting overburdened with debt. They are able to balance both their preaching and their family responsibilities.
In direct answer to your question, when a Witness does lose focus and falls into great debt because of poor choices he is violation the Biblical principles. As with other “sins of weakness” one must also work hard to correct it once they realize their failure.
Yours,
BAR-ANERGES
Personal Investment & Loan Tips : 401K Tips & Advice
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