When and How to Use Debt WELL (And When NOT to Use it)

David Mitchell • July 17, 2021
A lot of big syndicate voices out there today talk about debt like it’s the worst thing in the world. 

As if being in debt is something you should never do. 

And a lot of those people are REALLY GOOD PEOPLE (after all, the majority of the country NEEDS this type of teaching to protect themselves and their family from getting into the wrong kind of debt which can be devastating).

But I don’t agree with their opinions about debt, especially for the segment of the world that DOES want to become educated and learn what the Bible truly says about this topic.

So who’s right? Them or me?

Let me just review some of the things the Bible says about debt, because it can be surprising.

In II Kings 4:3, the Bible says,

“Then he said, Go, borrow thee vessels abroad of all thy neighbours, even empty vessels; borrow not a few.”

Now this is the prophet of God speaking, which is a picture of God speaking.

And he told them to borrow.

Now the world says don’t borrow. 

But the Lord says, in this case, with this woman whose husband had died and left her in debt, (and they were gonna take her children as slaves to pay back the debt—she was in trouble!); and the man of God told her to go and borrow. 

So she borrowed vessels to put oil in.

And the Lord miraculously took what this woman had in her house (she had a little oil) and He multiplied it. 

And she was able to take the new money from selling the oil and pay the debt off. And even had extra to live on. She created wealth doing what the Lord said to do.

But it all started with borrowing something.

Now that lesson is kinda cool. Because God said Look in your house and see what you already have.

Think about what that could include for you and your household. Take a moment to stop and think about everything you already have.

It could be some assets that you have that you could sell. Now you have some money to MAKE money with. 

Or it could even be skillsets you have in your mind. It could be things in your brain that you learned in the past. Skills and knowledge that you could use in ways you may never have considered before.

Look around! What do you see? It may be something right under your nose...

You know I have more to say about this! I’m just getting warmed up, really… 😎 

In this week’s episode, “When & How to Use Debt WELL (and When NOT to Use it)”, I cover...
  • What you should keep in mind before you get into debt
  • What the Bible says you SHOULD use debt for
  • What the Bible says you should NOT use debt for
  • A simple rule of thumb to help you tell good debt from bad debt
  • What God’s purpose for debt is
  • How assets, income and debt can BEST work together to generate wealth
Listen to the episode now!

Did you love this? Share it with your family & friends!

By David Mitchell March 17, 2025
In today’s episode we’re going to talk about how President Trump’s economic policies may affect you. Many people are feeling scared about the tariffs creating price hikes on everyday goods. Are these tariffs going to be good for the US economy, or bad? Let’s get into it.  ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Tithe as a Trader Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
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In today’s video we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀)
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Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal. --- ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway/videos Click HERE to book a complimentary strategy session. MORE CONTENT: Why You Should Buy Gold in 2024 Silver Not Gold? Buying Gold How to Buy Gold Why Costco is Selling Gold Download the free guide “5 Guidelines For Selecting Your Metals Dealer”: https://www.tradeway.com/metalsdealer CLICK HERE TO DIVE INTO BARTER TO CURRENCY: https://www.tradeway.com/barter-to-currency Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal.
Show More
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In today’s video we’re going to talk about how President Trump’s economic policies may affect you. Many people are feeling scared about the tariffs creating price hikes on everyday goods. Are these tariffs going to be good for the US economy, or bad? Let’s get into it.
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If you're looking to start stock trading or refine your skills in the world of buying stocks, the PowerUP Bundle from TRADEway is an ideal solution. Developed by expert coach Jared Russell , this powerful bundle is designed for both beginners and experienced traders who want to master key trading strategies and build confidence in their decision-making. The PowerUP courses might be exactly what you need to enhance your trading strategy.
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Today we’re going to be talking about why central banks are purchasing so much gold right now. How much gold? Between 2022-2023, central banks around the world accumulated over 1,000 metric tons of official gold reserves according to the World Gold Council. Why on earth would they be doing that? That’s what today’s video is all about. 
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For the past couple of years, our Charts by TRADEway team has been working behind the scenes to bring you a seamless trading experience with one of the most innovative brokerage platforms out there— tastytrade . And now, we’re excited to share that Charts by TRADEway is officially compatible with tastytrade’s brokerage services!
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Today I’m going to show you some real-life examples of what you could do with $1000 in the stock market in 2025. We’ll talk about how to draw support and resistance lines, how to identify a rolling stock, and how to know when you should buy and sell a stock. The tickers I’m going to be talking about today include DBX, MSFT, PANW, ANET, CRWD, VRTX, ARM, FTAI, TMHC, ERPT, CCL, and GPK. There are a lot of financial benefits to trading with options instead of stocks. And you may not know what I mean by that, but you can go out to tradeway.com and learn all about how to do that there. Options cost less, and can generate more profitable trades with better risk/reward trade-offs. I’m a huge fan of them. We have a 5-day challenge called Unlock the Stock Market which is a great place to start your stock trading journey.  ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Invest $1000 in 2025 Part I Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 3, 2025
In today’s episode we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀) ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Tithe as a Trader Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https:// www.trad eway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 3, 2025
In today’s video we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀)
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal. --- ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway/videos Click HERE to book a complimentary strategy session. MORE CONTENT: Why You Should Buy Gold in 2024 Silver Not Gold? Buying Gold How to Buy Gold Why Costco is Selling Gold Download the free guide “5 Guidelines For Selecting Your Metals Dealer”: https://www.tradeway.com/metalsdealer CLICK HERE TO DIVE INTO BARTER TO CURRENCY: https://www.tradeway.com/barter-to-currency Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal.
Show More
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In today’s episode we’re going to talk about how President Trump’s economic policies may affect you. Many people are feeling scared about the tariffs creating price hikes on everyday goods. Are these tariffs going to be good for the US economy, or bad? Let’s get into it.  ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Tithe as a Trader Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 17, 2025
In today’s video we’re going to talk about how President Trump’s economic policies may affect you. Many people are feeling scared about the tariffs creating price hikes on everyday goods. Are these tariffs going to be good for the US economy, or bad? Let’s get into it.
By Jared Russell March 13, 2025
If you're looking to start stock trading or refine your skills in the world of buying stocks, the PowerUP Bundle from TRADEway is an ideal solution. Developed by expert coach Jared Russell , this powerful bundle is designed for both beginners and experienced traders who want to master key trading strategies and build confidence in their decision-making. The PowerUP courses might be exactly what you need to enhance your trading strategy.
By Ben Mitchell March 10, 2025
Today we’re going to be talking about why central banks are purchasing so much gold right now. How much gold? Between 2022-2023, central banks around the world accumulated over 1,000 metric tons of official gold reserves according to the World Gold Council. Why on earth would they be doing that? That’s what today’s video is all about. 
By Team TRADEway March 5, 2025
For the past couple of years, our Charts by TRADEway team has been working behind the scenes to bring you a seamless trading experience with one of the most innovative brokerage platforms out there— tastytrade . And now, we’re excited to share that Charts by TRADEway is officially compatible with tastytrade’s brokerage services!
By David Mitchell March 3, 2025
Today I’m going to show you some real-life examples of what you could do with $1000 in the stock market in 2025. We’ll talk about how to draw support and resistance lines, how to identify a rolling stock, and how to know when you should buy and sell a stock. The tickers I’m going to be talking about today include DBX, MSFT, PANW, ANET, CRWD, VRTX, ARM, FTAI, TMHC, ERPT, CCL, and GPK. There are a lot of financial benefits to trading with options instead of stocks. And you may not know what I mean by that, but you can go out to tradeway.com and learn all about how to do that there. Options cost less, and can generate more profitable trades with better risk/reward trade-offs. I’m a huge fan of them. We have a 5-day challenge called Unlock the Stock Market which is a great place to start your stock trading journey.  ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Invest $1000 in 2025 Part I Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 3, 2025
In today’s episode we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀) ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Tithe as a Trader Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https:// www.trad eway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 3, 2025
In today’s video we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀)
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal. --- ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway/videos Click HERE to book a complimentary strategy session. MORE CONTENT: Why You Should Buy Gold in 2024 Silver Not Gold? Buying Gold How to Buy Gold Why Costco is Selling Gold Download the free guide “5 Guidelines For Selecting Your Metals Dealer”: https://www.tradeway.com/metalsdealer CLICK HERE TO DIVE INTO BARTER TO CURRENCY: https://www.tradeway.com/barter-to-currency Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal.
Show More
By David Mitchell March 17, 2025
In today’s episode we’re going to talk about how President Trump’s economic policies may affect you. Many people are feeling scared about the tariffs creating price hikes on everyday goods. Are these tariffs going to be good for the US economy, or bad? Let’s get into it.  ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Tithe as a Trader Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 17, 2025
In today’s video we’re going to talk about how President Trump’s economic policies may affect you. Many people are feeling scared about the tariffs creating price hikes on everyday goods. Are these tariffs going to be good for the US economy, or bad? Let’s get into it.
By Jared Russell March 13, 2025
If you're looking to start stock trading or refine your skills in the world of buying stocks, the PowerUP Bundle from TRADEway is an ideal solution. Developed by expert coach Jared Russell , this powerful bundle is designed for both beginners and experienced traders who want to master key trading strategies and build confidence in their decision-making. The PowerUP courses might be exactly what you need to enhance your trading strategy.
By Ben Mitchell March 10, 2025
Today we’re going to be talking about why central banks are purchasing so much gold right now. How much gold? Between 2022-2023, central banks around the world accumulated over 1,000 metric tons of official gold reserves according to the World Gold Council. Why on earth would they be doing that? That’s what today’s video is all about. 
By Team TRADEway March 5, 2025
For the past couple of years, our Charts by TRADEway team has been working behind the scenes to bring you a seamless trading experience with one of the most innovative brokerage platforms out there— tastytrade . And now, we’re excited to share that Charts by TRADEway is officially compatible with tastytrade’s brokerage services!
By David Mitchell March 3, 2025
Today I’m going to show you some real-life examples of what you could do with $1000 in the stock market in 2025. We’ll talk about how to draw support and resistance lines, how to identify a rolling stock, and how to know when you should buy and sell a stock. The tickers I’m going to be talking about today include DBX, MSFT, PANW, ANET, CRWD, VRTX, ARM, FTAI, TMHC, ERPT, CCL, and GPK. There are a lot of financial benefits to trading with options instead of stocks. And you may not know what I mean by that, but you can go out to tradeway.com and learn all about how to do that there. Options cost less, and can generate more profitable trades with better risk/reward trade-offs. I’m a huge fan of them. We have a 5-day challenge called Unlock the Stock Market which is a great place to start your stock trading journey.  ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Invest $1000 in 2025 Part I Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https://www.tradeway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 3, 2025
In today’s episode we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀) ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway ➡️ Join the upcoming Unlock the Stock Market Challenge: https://www.tradeway.com/unlock-the-stock-market Click here to book a complimentary strategy session: https://www.tradeway.com/call MORE CONTENT: How to Tithe as a Trader Trading For Beginners Unlock Your Entrepreneurial Spirit These 3 Money Habits Keep You Stuck Does the Bible Teach Money Secrets? Download the free guide “10 Steps to Choosing Your First Stock to Trade”: https:// www.trad eway.com/guide Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By David Mitchell March 3, 2025
In today’s video we’re going to talk about how to invest $1000 in 2025. The thing is, stocks make recognizable patterns–and you can learn to identify those patterns. First, get your hands on $1000 (go out and have a garage sale if you need to). Then learn how to do small money trading (we teach you how at tradeway.com). I recommend you try and triple that $1000 in the first three months, and then try and do it again. (Once you have about $10,000 in your trading account, you can start to do some real damage with that. 😀)
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal. --- ✅ SUBSCRIBE TO OUR YOUTUBE CHANNEL: https://www.youtube.com/@TRADEway/videos Click HERE to book a complimentary strategy session. MORE CONTENT: Why You Should Buy Gold in 2024 Silver Not Gold? Buying Gold How to Buy Gold Why Costco is Selling Gold Download the free guide “5 Guidelines For Selecting Your Metals Dealer”: https://www.tradeway.com/metalsdealer CLICK HERE TO DIVE INTO BARTER TO CURRENCY: https://www.tradeway.com/barter-to-currency Get started on your stock trading journey with one of our upcoming workshops or classes: tradeway.com/events
By Ben Mitchell February 24, 2025
Today we’re going to be answering the question, “Is gold a good investment?” One of the biggest reasons people consider buying gold as an investment is its price appreciation. Gold has a 20 year average annual rate of return of 8.8%. Now this is only a few percentage points behind stocks over the same time frame. You can’t argue that an almost 9% annual rate of return is bad. But that’s not the only benefit of buying gold. Let’s talk about some of my other favorite reasons to purchase this precious metal.
Show More
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