10 Days of Debt Freedom Study Notes
10 Days of Debt Freedom Study Notes
10 Days of Debt Freedom Study Notes
Series Outline
Week OnePart 1 Monday Tuesday Wednesday Thursday Friday I Want My People Living Debt Free Reasons Why We Must Live Debt FreePart 1 Reasons Why We Must Live Debt FreePart 2 Three Debt-Freedom Issues Which Must Be Settled Make the Quality Decision to Live Debt Free
Week TwoPart 2 Monday Tuesday Wednesday Thursday Friday Developing Your Faith for Debt-Free LivingPart 1 Developing Your Faith for Debt-Free LivingPart 2 Gods Strategic Plan for Your Debt Freedom Gods Plan for Kenneth and Glorias Debt Freedom Supernatural Debt Cancellation
PDF ID #10-6019
2012 Eagle Mountain International Church Inc. aka Kenneth Copeland Ministries. All rights reserved. Unless otherwise noted, all scripture is from the King James Version of the Bible. Scripture quotations marked NKJV are from the New King James Version 1982 by Thomas Nelson Inc. Scripture quotations marked AMP are from The Amplified Bible, Old Testament 1965, 1987 by the Zondervan Corporation. The Amplified New Testament 1958, 1987 by The Lockman Foundation. Used by permission. Scripture quotations marked NIV are from The Holy Bible, New International Version 1973, 1978, 1984, 2011 by Biblica Inc. Used by permission. All rights reserved worldwide. Scripture quotations marked NLT are from the Holy Bible, New Living Translation 1996, 2004, 2007 by Tyndale Charitable Trust. Used by permission of Tyndale House Publishers. Scripture quotations marked JBP are from the New Testament in Modern English, J.B. Phillips J.B. Phillips 1958, 1959, 1960, 1972. Scripture quotations marked NASB are from the New American Standard Bible, 1960, 1962, 1963, 1968, 1971, 1972, 1973, 1975, 1977, 1995 by The Lockman Foundation. Used by permission. Scripture quotations marked BBE are from the Bible in Basic English, public domain. Day # 1 And I Will Bless You Beyond Your Means prophecy delivered by Kenneth Copeland on July 9, 2007, at the 2007 West Coast Believers Convention, Fort Worth, Texas. Days #1, 2 & 6 Quotes from Kenneth Copeland, Its Time to Get Out of Debt! message 1, Its Time to Get Out of Debt 1998. Day #4 21 Ways God Supplies from George Pearsons, 50 Days of Prosperity Vol. 1 (Fort Worth, Kenneth Copeland Publications), Day #30. Day #9 Quotes from Gloria Copeland, Gods Will Is Prosperity (Fort Worth, Kenneth Copeland Publications, 1978). Quotes from Kenneth Copeland, The Laws of Prosperity (Fort Worth, Kenneth Copeland Publications, 1974) pages 103-104. Day #9 outline content taken from George Pearsons, 50 Days of Prosperity Vol. 1 (Fort Worth, Kenneth Copeland Publications), Day #34.
2. Verse 14That we might receive by faith everything that the Spirit promised to Abrahamincluding freedom from debt. 3. Redeemed (GK) a. To buy up, ransom, rescue from loss b. To liberate by payment of price c. To free someone from the power of another 4. We have been redeemed from the curse of poverty, lack and debt. 5. Proverbs 10:22: THE BLESSING of the Lord, it maketh rich, and he addeth no sorrow with it. C. Deuteronomy 28THE BLESSING and the Curse 1. Verses 1-14THE BLESSING of Abraham 2. Verses 15-68The Curse of the law 3. Verses 43-44: The stranger that is within thee shall get up above thee very high; and thou shalt come down very low. He shall lend to thee, and thou shalt not lend to him: he shall be the head, and thou shalt be the tail. a. Debt is part of the curse. b. Lend (HEB) = Twine; unite with, cleave to, to join oneself to another c. Tail (HEB) = End, stump, smite the hindmost, cut off, attack the rear, to wag 4. Verses 12-13: The Lord shall open unto thee his good treasure, the heaven to give the rain unto thy land in his season, and to bless all the work of thine hand: and thou shalt lend unto many nations, and thou shalt not borrow. And the Lord shall make thee the head, and not the tail; and thou shalt be above only and thou shalt not be beneath. a. Debt freedom is part of THE BLESSING. b. Head (HEB) = Top, summit, chief, ruler 5. Thou shalt not borrow. a. Borrowing is a replacement covenant. It is going to someone else when you should have gone to God. Kenneth Copeland, from Its Time to Get Out of Debt! b. So, lets go to God!
d. We are taking Gods Word literally and whatever we see in it, that is what we will do. e. If you have access to gold streets, you have an excess of goods. C. Reason #2Because Our Covenant Must Be With GodNot With the World 1. Borrowing is a replacement covenant. It is going to the world when you should have gone to God. Kenneth Copeland, from Its Time to Get Out of Debt! a. The world has a system of finance which is complex and very poor in its operation. b. It continually rocks back and forth between the two extremes of depression and inflation. 2. We are in covenant with Almighty God through the blood of Jesus Christthe most powerful form of agreement ever established. 3. 1 Chronicles 16:15: Be ye mindful always of his covenant; the word which he commanded for a thousand generations. a. Philippians 4:19 (AMP): And my God will liberally supply (fill to the full) your every need according to His riches in glory in Christ Jesus. b. Deuteronomy 28:11 (AMP): And the Lord shall make you have a surplus of prosperity. c. Genesis 15:1: After these things the word of the Lord came unto Abram in a vision, saying, Fear not, Abram: I am thy shield, and thy exceeding great reward. i. I am your rapidly increasing money supply. 4. God has a much better way to supply your needs than to get in covenant with the world. He wants to be our: a. Supreme Provider b. Abundant Supplier c. Total Source of Supply 5. God is saying to us today, Look to Me and not to the world. They will loan it to you. I will give it to you!
4. 2 Corinthians 6:14-18: Be ye not unequally yoked together with unbelievers: for what fellowship hath righteousness with unrighteousness? and what communion hath light with darkness? And what concord hath Christ with Belial? or what part hath he that believeth with an infidel? And what agreement hath the temple of God with idols? for ye are the temple of the living God; as God hath said, I will dwell in them, and walk in them; and I will be their God, and they shall be my people. Wherefore come out from among them, and be ye separate, saith the Lord, and touch not the unclean thing; and I will receive you, And will be a Father unto you, and ye shall be my sons and daughters, saith the Lord Almighty. 5. Deuteronomy 15:6: For the Lord thy God blesseth thee as he promised thee; and thou shalt lend unto many nations, but thou shalt not borrow; and thou shalt reign over many nations, but they shalt not reign over thee. a. Living debt free allows you to freely give what you own without having to ask permission from anyone. b. No one is reigning over you. C. Reason #4Because We Must Teach Our Children How to Live Debt Free 1. Proverbs 22:6-7: Train up a child in the way he should go: and when he is old, he will not depart from it. The rich ruleth over the poor, and the borrower is servant to the lender. 2. The average Christian child is born into a family whose life exists around credit cards, mortgages and loans. a. Most Americans raise their children in homes that have a 30-year mortgage. b. The drive their children to school in financed cars. c. They wash their clothes in washing machines that have been financed through department-store revolving credit. d. They sleep on mortgaged beds, sit in mortgaged furniture and watch mortgaged television sets. e. Most of these children never see their families come out of debt during their lifetimes. 3. What we do sets the pace for our children. We herd them toward the desired destiny, setting godly boundaries. 4. Instead of teaching them how to trust God as their Source, they teach them how to get the very best rate on a loan or how to finance a car. 5. God has a better way, a higher way, a debt-free way for us and our children to live. D. How One EMIC Couple Taught Their Children 1. Saturday was allowance day at our house. We distributed our childrens allowances in four steps. 2. Upon counting the increase, they stopped and thanked Jesus for the increase, acknowledging God as their Source. As they got older, the increase included not only their allowance, but also any money they earned or received as gifts. 3. Each learned early in life how to calculate the tithe at 10 percent and separated that portion of the increase for that purpose. They also learned the difference between gross and net and learned to tithe on the gross.
4. Each considered what offering was to be given. This part was totally voluntary, but they usually decided to add a significant offering to their tithe. Sometimes the offering was directed at a specific cause or need, such as the churchs building fund. 5. Each decided how much of their increase was to be saved. We wanted them to experience the value of developing their storehouse (savings account). We taught them how to calculate a rate of return on their storehouse and how to convert an annual rate of return to a weekly rate of return. After they finished this calculation, we provided the return to their storehouse and they calculated a new total. 6. The results: a. Our oldest two children have each purchased their first car (good carsnot junkers) out of their savings with zero debt. b. Our first child has completed college with no debt. c. Our second child is nearing completion of college and also has no debt. 7. We have helped them as parents do, and we also have encountered no debt.
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3. Ephesians 3:20 (AMP): Now to Him Who, by (in consequence of) the [action of His] power that is at work within us, is able to [carry out His purpose and] do superabundantly, far over and above all that we [dare] ask or think [infinitely beyond our highest prayers, desires, thoughts, hopes, or dreams]. 4. Psalm 68:19 (NKJV): Blessed be the Lord, who daily loads us with benefits. 5. Isaiah 55:1: Come, buywithout money and without price. C. Deuteronomy 28:12It is Gods Will for Me to Live Debt Free 1. Thou shalt lend unto many nations, and thou shalt not borrow. 2. That sounds more like a command than a suggestion. 3. Romans 13:8 (AMP): Keep out of debt and owe no man anything, except to love one another. 4. Matthew 6:12: Forgive us our debts, as we forgive our debtors. a. Debts (GK) = Something owed or legally due, to owe money 5. 1 John 5:14-15: And this is the confidence that we have in him, that, if we ask any thing according to his will, he heareth us: And if we know that he hear us, whatsoever we ask, we know that we have the petitions that we desired of him. a. Great confidence comes from knowing Gods will. b. Faith begins where the will of God is known. c. Faith stops, wavers, hesitates and is double-minded at the question mark. d. It is unquestionably Gods will for us to live debt free. e. If it is His will, then He will supply. D. Settle These 1. God is my Sourcenot people. 2. I am not limited to a salary. 3. It is Gods will for me to live debt free.
What is the solution to being plastic1dependent(to credit cards)? Plastic surgery. Cut up the cards. Gloria Copeland
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5. The Ministry Giving to the house of the LordHaggai 1:7-10; 1 Chronicles 29:17, 25, 28 Listen to the prophet2 Chronicles 20:20 Partnership with ministries1 Samuel 30:24-25; 2 Kings 4:8-10 Listen to your pastorPsalm 23:1; Jeremiah 3:15, 23:3-4 Increased anointing in hands of ministryJohn 6:11-13 Apostle Johns greatest desire3 John 2 Prophets rewardMatthew 10:41 Righteous mans rewardMatthew 10:41 6. Memorial Giving Mark 12:41-44 Acts 10:4 Matthew 26:13 7. Our Relationship With God Honoring and loving GodProverbs 3:9-10, 8:17-21 Gods pleasure in usPsalm 35:27; Luke 12:32 By seeking Him firstMatthew 6:33-34; Job 22:21 Being taught by GodIsaiah 48:17 8. Provision Direct From the Throne Seed for the sower2 Corinthians 9:10 The hand of God1 Chronicles 29:14-16; Numbers 11:23 Gods own ability for usEphesians 3:20; 2 Corinthians 9:8 Come to the throneHebrews 4:16 Daily provisionPsalm 68:19; Exodus 16:4 His riches in gloryPhilippians 4:19; Ephesians 3:16 Your heavenly accountPhilippians 4:17-20; Matthew 6:19-21 WisdomProverbs 3:13-15, 4:5-9, 24:3-4 9. By Creation, Re-creation and Restoration Creating something from faithGenesis 1:1; Hebrews 11:1-3; Romans 4:17 Creating something from very littleJohn 6:11; 1 Kings 17:13-14; 2 Kings 4:7; Luke 5:5-7 Re-creation of a substanceJohn 2:7-10; Luke 3:8 Supernatural restorationJoel 2:25; Exodus 22:7; Proverbs 6:31 10. Miraculous Provision Debt CancellationDeuteronomy 15:1-2; Philemon 18-19; 1 Samuel 17:25, 22:2; 2 Kings 4:7, 6:5-6; Matthew 18:27, 6:12; Leviticus 25:10; Nehemiah 5:3-4, 11-12 Reaping where you havent sownLeviticus 25:11; John 4:38 Receiving what you didnt ask for1 Kings 3:13 Without moneyIsaiah 55:1
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11. Earths Resources Psalm 24:1 Psalm 33:5 Psalm 67:5-6 Psalm 85:11-12 Psalm 104:24 Deuteronomy 32:13 Genesis 14:19 Haggai 2:8 Exodus 19:5 Psalm 115:16 12. Hidden Treasures of Darkness Isaiah 45:3 13. Provision by Individuals MenLuke 6:38; Psalms 68:29, 72:10, 112:5; Matthew 7:12; 2 Samuel 23:14-17 KingsProverbs 21:1; Ezra 6:3-4, 7-8; 2 Chronicles 9:12; Esther 5:8 Inheritance from relativesProverbs 19:14; 2 Corinthians 12:14 14. God Uses Us The power to get wealthDeuteronomy 8:18; Proverbs 16:22; Genesis 24:35; Psalm 37:21-22 Prayer of agreementMatthew 18:18-20; 2 Kings 7:3, 5-6 ThanksgivingPhilippians 4:6 WorkEphesians 4:28; 2 Thessalonians 3:10; Proverbs 6:6, 10:5, 12:11, 13:11, 14:23, 20:13; Romans 12:11 Hand of the diligent makes richProverbs 10:4, 12:24 Thoughts of the diligentProverbs 21:5 Being faithfulLuke 16:10-12, 19:17 Being generous1 Timothy 6:17-19 Developing an established heartPsalm 112:5-8 FastingMatthew 6:17-18; Isaiah 58:6-8 ConfessionProverbs 10:20, 12:18, 15:4, 18:21 15. Witty Inventions Proverbs 8:12 16. Simply the Worlds System The wicked and the sinnerProverbs 13:22; Ecclesiastes 2:26; James 5:1-3 Stolen goods returnedExodus 22:1; Psalm 79:12; Proverbs 6:30-31, 22:22-23 Steal it back from the enemyExodus 3:21-22, 12:36; 2 Chronicles 20:25; 2 Kings 7:8; Joshua 12:1, 13:1; Isaiah 53:12; 1 Samuel 30:19 Other nationsIsaiah 61:5, 60:5
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17. Angels Psalm 103:20-21 Hebrews 1:14 2 Kings 6:17 18. Wildlife A man shared several years ago of how he spoke to the birds to bring him money. Based upon 1 Kings 17, he said he started finding money outside around the house after he went out and hollered at the birds. They gathered around and listened to him. People lose money every day. Go get it! A 15-year-old was so impressed with this story, he decided to try it. He asked the Lord for $10 for missions and God provided seed to the sower. He went out and spoke to the birds, commanding them to put it in a tree in the backyard: Day 1 $1.65 Day 2 $2.35 Day 3 $7 Day 4 $10 Over the next two months, he found $440 in the tree. 1 Kings 17:4-6 Matthew 17:27 Genesis 22:13-14 Psalm 50:10
19. Because the Lord Needs It Mark 14:13-16 Mark 11:2-3 20. Our Covenant Inheritance The Blessing of AbrahamGalatians 3:13-14 The righteous will never beg for breadPsalm 37:25 Through faith and patienceHebrews 6:12; James 1:3-5 Our prosperous lineageGenesis 17:1-2 Inheritance through being a joint heir with JesusGalatians 3:29; Ephesians 1:10-11; Romans 8:16-17; Psalm 37:18 21. The Favor of God Exodus 11:3 Deuteronomy 33:23 Joshua 11:20 1 Samuel 16:22 Esther 2:17 Esther 5:8 Esther 8:5 15
3. Say, As of (date and time), we declare that we are debt free! 4. Say, I AM DEBT FREE NOW IN JESUS NAME! MY DAYS OF DEBT ARE OVER FOREVER!! 5. Hebrews 1:3All of heaven backs your decision. a. God upholds (backs) all things (your quality decision to live debt free) by the power of His Word. b. Because you have aligned yourself to His Word, all of heavens reserves are at your disposal. c. Now, as you set your face like flint according to Isaiah 50:7-9, the Lord will help you get out of debt.
What happens if you dont have to borrow? You dont have to pay back. Gloria Copeland
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Thursday Broadcast: Three Debt-Freedom Issues Which Must Be Settled 1. God is my Sourcenot people. 2. I am not limited to a salary. 3. It is Gods will for me to live debt free. 4. All things are possible to him that believes. Friday Broadcast: Make the Quality Decision to Live Debt Free 1. A quality decision is a decision of no return, no retreat, no argument. 2. A quality decision settles the issue forever. 3. The moment you make the quality decision to live debt free, God sees you debt free. 4. You are only one decision away from debt freedom. 5. Dare to believeyour decision opens the door to unlimited avenues of Gods provision. Gloria Copeland 6. Some think when they commit to live debt free they will never have anything. But really, a quality decision to live debt free opens them up to have everything. Gloria Copeland 7. What is the soution to being plastic dependent (to credit cards)? Plastic surgery. Cut up the cards. Gloria Copeland 8. When you make a quality decision, you lay it (your decision) on the line and throw it over onto the Lord. You have to believe God without reserve. Gloria Copeland
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c. You had enough faith developed to give a house debt free. But your faith was not developed enough at the time to receive a debt-free house. d. It takes time to develop your faith. You dont just jump off into this kind of thing. 4. After the broadcast, I went home, talked to Terri and determined it was time to ramp up our pursuit of debt freedom. 5. We then began a spiritual regimen to strengthen and develop our faith to get out of debt and live debt free. a. Romans 12:1-3Be not confirmed to the worlds system of debtbut be transformed into the kingdom of Gods system of provision by the renewing of your mind. b. Verse 2 (JBP): Dont let the world around you squeeze you into its own mould, but let God re-mould your minds from within, so that you may prove in practice that the plan of God for you is good. c. Verse 2 (NLT): Dont copy the behavior and customs of this world, but let God transform you into a new person.
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3. Psalm 78:41: Yea, they turned back and tempted God, and limited the Holy One of Israel. a. God, I am not turning back. b. God, I am not tempting You. c. God, I am not limiting You. 4. Isaiah 59:1: Behold, the Lord's hand is not shortened, that it cannot save; neither his ear heavy, that it cannot hear. 5. Matthew 19:26: With men, this is impossible; but with God all things are possible. a. Through God, it is possible for me to live debt free. 6. Mark 9:23-24: If thou canst believe, all things are possible to him that believeth. a. I believe I am debt free. 7. Luke 18:27: The things which are impossible with men are possible with God. a. It is possible for me to live debt free. 8. Romans 4:21: And being fully persuaded that, what he had promised, he was able also to perform. a. I am fully persuaded that I am debt free. 9. Ephesians 3:20 (AMP): Now to Him Who, by (in consequence of) the [action of His] power that is at work within us, is able to [carry out His purpose and] do superabundantly, far over and above all that we [dare] ask or think [infinitely beyond our highest prayers, desires, thoughts, hopes, or dreams]. 10. 1 John 5:4: For whatsoever is born of God overcometh the world: and this is the victory that overcometh the word, even our faith. a. Debt is of the worlds system. b. I overcome the power of debt with my faith. D. Stretch Your Vision for Debt Freedom word from the Lord to Pastor George 1. I am demanding you to break out of the religious, restricted, poverty, inferior, mediocre, below-standard, cut-back, barely-getting-by, small-minded, cheapskate mentality, limited box you have been in concerning what I want to do in you, for you and through you. 2. You have been restrained by three things: a. Your lack of trust in My Word b. Negative events that have piled up over the past years designed by Satan to erode away at your hope and zeal and cause you to give up c. Fear of failure, fear of not making it and fear of stepping out in faith 3. It is a new day, a new time, a new hour. I am now commanding you to reach out further with your faith, more than you ever have before. Stretch. Stretch. Stretch forth and see it with your faith. That is the keythe ability to see. Only through the eye of faith will you be able to see the exceeding, super-abundant, above all you could ask or think. 4. Call for it. Call for what you see with the eye of faith. Exceeding provision beyond comprehension awaits My Body. But you must come up over your limitations into a realm yet untapped. 5. Aim your faith higher. Call for the harvest. Raise the standard. Set a new mark. Lift up your eyes and look!
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ii. Pray out the plan in tongues. iii. Pray until you know what to do. 4. I have the ability to hear Gods debt-cancellation plan. a. Psalm 85:8: I will hear what God the Lord will speak: for He will speak peace unto his people, and to His saints. b. Confess, The Lord is my Shepherd and I shall not want. I hear the voice of the Good Shepherd. 5. I am obedient to Gods debt-cancellation plan. a. Isaiah 1:19: If ye be willing and obedient, ye shall eat the good of the land. b. We will do whatever the Lord instructs us to do. c. Stay in a continual state of sowing and reaping throughout this process. C. Relax, Roll the Care and Enter the Rest
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2. We set our affections on Gods Word. a. We were determined to walk according to what we saw in the Word. b. Things didnt come to us in one day. We had to build the Word of God into our spirits and walk in what we knew. We would get some of the Word in us and walk in it; get more Word in us and walk in that; get more Word in us and walk in that. We were involved in the Word almost every waking hour. Television was not interesting to us. Even the world events could not hold our attention. 3. We were committed to the Word regardless and were not willing to borrow money. 4. We devoted ourselves to Gods Word literally day and night. a. Joshua 1:8 (AMP): This book of the law shall not depart out of your mouth, but you shall meditate on it day and night, that you may observe and do according to all that is written in it. For then you shall make your way prosperous, and then you shall deal wisely and have good success. 5. It was 11 months from the time that we first decided to believe God to get out of debt until that goal was achieved. During those 11 months, we stood fast on what we knew from Gods Word. D. What Kenneth and Gloria Copeland Did to Live Debt Free From The Laws of Prosperity by Kenneth Copeland 1. One night we sat down and figured out how much we owed. I got my checkbook and wrote out the checks that would pay these debts. We laid hands on them and prayed according to Romans 13:8. 2. Father, in the Name of Jesus, I am putting these checks in this desk drawer and am believing You to get us out of this mess. I am looking to You for the money to pay all these debts, in the Name of Jesus. 3. I was not so foolish as to mail those checks before the money was in the bank. 4. We figured to the last penny how much it would take to operate our household abundantly, even allowing for unexpected things. We wrote it down and prayed over it in the Name of Jesus. 5. I made up my mind to be single-minded from that day forward, and in less than 12 months from that night, we did not owe anything and havent owed a penny since.
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C. Three Supernatural Ways God Removes Debt 1. He provides the finances. a. Matthew 17:24-27Taxes were paid from money in a fishs mouth. b. 2 Kings 4:1-7 (NLT): ell the olive oil and pay your debts, and you and your sons can live on what is left over. c. Luke 5:1-11Simon Peters fishing business avoided bankruptcy after Jesus told him where to drop the nets. 2. He moves upon others. a. Philemon 18-19 (AMP): If he has done you any wrong in any way, or owes anything [to you], charge that to my account. I, Paul, write it with my own hand, I promise to pay it [in full]. b. Luke 10:30-37: He took out two pence and gave them to the host and said unto him, Take care of him, and whatsoever else thou spendest more, when I come again I will repay thee. c. Let God move on others. i. Faith puts no pressure on people. ii. Faith puts pressure on the covenant. iii. Faith says, God is my Source. iv. We never put a push on money. We put a push on our faith. Gloria Copeland 3. He removes the debt. a. Matthew 18:27: Then the lord of that servant was moved with compassion, and loosed him, and forgave him the debt. b. Nehemiah 5:1-13Nehemiah cancelled the debts of the poor Jews. c. Colossians 2:13-14 (AMP)[Jesus] cancelled and blotted out and wiped away the handwriting of the note with its legal decrees and demands. He set [it] aside and cleared [it] completely out of our way by nailing it to [His] cross.
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